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North Miami Beach : Real Estate Advice

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  • Local Info6
  • Home Buying24
  • Home Selling2
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Activity 42
Thu Jan 19, 2017
Jonathan Klurfeld, Esq. answered:
You need a lawyer before you sign anything. It means the owner is not paying their mortgage but is able to rent the property, there is nothing illegal about that. I would be very weary of renting from someone in foreclosure though as if they do not plan to defend the foreclosure with a lawyer it could be over in as few as 4-6 months and you as tenant out on your butt.

Disclaimer: I am a Florida attorney and licensed Realtor. Information posted or made available on or through this site is not intended as legal advice or to create an attorney-client relationship between you and any attorney/our firm until officially retained. You should consult an attorney for advice regarding your individual situation since every case is different and not all information is relayed in an online question.
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Sun Aug 9, 2015
Sally Grenier answered:
Closing costs have many variables. You should talk to a lender who can review all of your financial info and get you pre-approved, and give you an estimate of closing costs.
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Thu Feb 26, 2015
Dorina Lipovanciuc ReFloridaHomes answered:
It will be my pleasure to help you find the right home for you.
Feel free to contact me directly at:( 954) 614-4274 cell or via email Dorina@ReFloridaHomes.com and I will be happy to assist you further.
You could find my website very helpful as well: http://www.refloridahomes.com
Or you could also search for properties directly from my Facebook page: http://www.facebook.com/refloridahomes
I look forward to hear back from you. Have a great day!
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Thu Feb 26, 2015
Dorina Lipovanciuc ReFloridaHomes answered:
It will be my pleasure to help you find the right home for you.
Feel free to contact me directly at:( 954) 614-4274 cell or via email Dorina@ReFloridaHomes.com and I will be happy to assist you further.
You could find my website very helpful as well: http://www.refloridahomes.com
Or you could also search for properties directly from my Facebook page: http://www.facebook.com/refloridahomes
I look forward to hear back from you. Have a great day!
... more
0 votes 1 answer Share Flag
Tue Feb 24, 2015
Dorina Lipovanciuc ReFloridaHomes answered:
It will be my pleasure to help you find the right home for you.
Feel free to contact me directly at:( 954) 614-4274 cell or via email Dorina@ReFloridaHomes.com and I will be happy to assist you further.
You could find my website very helpful as well: http://www.refloridahomes.com
Or you could also search for properties directly from my Facebook page: http://www.facebook.com/refloridahomes
I look forward to hear back from you. Have a great day!
... more
0 votes 5 answers Share Flag
Thu Jul 31, 2014
Irina Karan answered:
Each building is different and each neighborhood is different.
Some properties are part of condominiums undergoing 40 year re-certification - which usually means a special assessment, dirt, noise, and overall unattractive (at the moment) look of the building.
Other condos have large maintenance fees - so the price is lower to compensate for the maintenance fee. Some other properties are distressed sales (foreclosures or short sales) - with prices lower than the market - which attracts many buyers and creates bidding wars.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
305-904-2355
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Sun Apr 27, 2014
Charles asked:
Hi,
A little about us: We are avid divers/beach lovers. Only my wife and I will occupy the property. I work telecommute in the high tech industry so any place near the beach, low crime…
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Sat Apr 26, 2014
spburstein asked:
This question was asked from http://www.trulia.com/rental/3089968432-21275-NE-8th-Pl-7-North-Miami-Beach-FL-33179
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Thu Mar 20, 2014
ausler.jnbathard asked:
This question was asked from http://www.trulia.com/property/3076978267-1051-NE-151-St-North-Miami-Beach-FL-33162
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Thu Feb 27, 2014
Sandra rodrigues answered:
Hi Patricia how are you? what address are you asking for?
I will be more than glad to help you find what you need .
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Sat Feb 15, 2014
Mohamed Abdallah asked:
Sat Nov 16, 2013
Patric asked:
This question was asked from http://www.trulia.com/property/3132558772-16850-S-Glades-Dr-6J-North-Miami-Beach-FL-33162
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Tue Aug 20, 2013
Mott Marvin Kornicki answered:
It depends; The cost could be anywhere from 100.00 per day to over 250.00 per day- plus taxes and other incidental charges. Condo-Hotels, Hotels and Privately Owned Condominiums vary widely in quality, amenities, location and desirability. There are several "Vacation Lease" sites- and Real Estate Agencies that specialize in such properties!


≈ WATERWAY REALTY,REALTORS® Mott Marvin Kornicki ~ FLORIDA ~ REALTORS® http://t.co/C8vvX4uf via @SoBeLive | @WaterWayRealty ≈ @EmceeSLIM ≈ Media Relations ≈
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Mon Jul 22, 2013
Manuel Linares answered:
Hello Cybelle,

While properties may not be listed as "Rent-to-Own", sometimes rental listings can become just that. Other times, Sellers that own properties that have been on the market for a while or owe more than the home is worth in today's market might be willing to entertain a Lease/Purchase Option.

When I say "Option", I mean that the RENTER/BUYER (you in this case) has the option to either buy the home or not. Typically, there is a time period that the option is good for. The Renter/Buyer has to make a choice and overcome any financing obstacles before the end of the option period.

CONS:
Most times, these kind of deals require a down payment (which can be added on to the monthly rent or paid up-front). If you do not exercise the option to purchase by the end of the option period, the Seller has a right to keep the deposit and any rents that they might have received throughout the lease period.

Another drawback to you as the buyer, is that most likely, the Seller will want more $ for the home than what the property is worth today. This can turn into a "Pro" if the Seller agrees to sell to you at a price lower than what the property is worth at the time you exercise the option to purchase. But if the purchase price on the contract is higher than the market value of that home at that time, the Seller is not obligated to sell the home for less.

Lastly, the contract might prohibit you from making any alterations to the property until you purchase it. For all intents and purposes, you are Leasing the property until the day you buy.

PROS:
The best thing about these kind of deals is that you are able to move into a property and begin working towards home-ownership. You can take the time within the option period to get your credit situation straightened out. You do not have to worry about moving once you find your home, because you are already living in it (if you decide to purchase it).

Another benefit for you in a Lease/Purchase deal is that if the property value than that of the option contract, and you want to purchase the property, the Seller MUST (or is at least legally obligated) sell for that price. And if you wish to sell the home for a profit you are well within your rights to do so.

I apologize for the long message, but believe me when I say I am trying to keep this short!

If you would like to discuss the details of Lease Options, please click on the logo to the right of this answer, text or call me directly at (786) 277-8425 or e-mail me at MannyL@PrestigeIntlRealty.com
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Mon Jul 15, 2013
Alison Hillman answered:
Yes! You can check out rental homes here: http://www.trulia.com/for_rent/North_Miami_Beach,FL/SINGLE-FAMILY_HOME_type/

Learn about renting/buying pros and cons here: http://info.trulia.com/rentvsbuy

Good luck,
Ali
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Thu Jul 11, 2013
Whitney Hall answered:
Your credit may not be as bad as you think. Guidelines have relaxed quite a bit. If you would like to know for certain I would be happy to help you. My email is whitney.hall@carringtonms.com and my direct line is 239-471-9829. ... more
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