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Home Buying in North Miami Beach : Real Estate Advice

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  • Local Info6
  • Home Buying25
  • Home Selling2
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Activity 23
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.
0 votes 1 answer Share Flag
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
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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
... more
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Sat Feb 15, 2014
Mohamed Abdallah asked:
Mon Mar 11, 2013
Irina Karan answered:
There is no such thing as the average closing costs.
The costs depend on the size of the mortgage, title company, appraisal company, survey, insurance company, flood or no flood zone, taxes amount...What you can do though, is ask your realtor
to provide you with a preliminary break down of your closing costs on a small house.

70K is a small amount, so it probably will be around 2.5-3K total, more or less, untill we know
more about your transaction.

Also - you might negotiate seller paid costs, if seller is motivated or a bank (foreclosure).

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
0 votes 4 answers Share Flag
Mon Mar 11, 2013
Irina Karan answered:
Hello Lea,

This is a very good question - and the answer is that agents are supposed to update the info regularly.
I guess it is just not done as often as necessary...

Best to work with an agent who'll give you access to the most updated info you are
looking for.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
0 votes 9 answers Share Flag
Tue Oct 9, 2012
Jose Guzman answered:
Como que faltan algunos datos querida Lisette....
2 votes 3 answers Share Flag
Sun Apr 15, 2012
ESTHER AMAR answered:
Hello Sandra,

I am a Real Estate Broker in Miami. I farm several areas including North Miami Beach. I also am a Certified REO (Real Estate Owned commonly called foreclosure) and Short Sale Specialist. I will be more than happy to help you. Please feel free to contact me directly on my cell at 786-319-7000.

Looking forward to work with you,

Esther Amar P.A.
Broker Associate
Beachfront Realty, Inc.
Certified REO and Short Sale Specialist
Luxury Home Marketing Specialist
Million Dollar Guild Member
Cell: 786-319-7000
Email: AmarEsther@gmail.com
... more
0 votes 4 answers Share Flag
Sun Apr 1, 2012
Irina Karan answered:
Hello Dayna,

Great question and planning!

Your credit score is effected by the credit inquiries - and that includes your car financing company, department stores, opening new lines of credit etc.

The credit scoring algorithm sees this as "overextending" if there are several inquiries during 90 days window. So, even one or two inquiries could effect your credit score (and increase your rate - because sometimes exellent credit scores get rewarded by a better rate). You could be overpaying for a long time...for this one tiny misstep...

Waiting 6 months will help to restore the credit score, but the new car payment will also increase your debt to income ratio - which means you will be able to afford less of a house (you'll only qualify for a smaller mortgage amount).

It would be best to buy your house first, and then to get the car loan. Regarding if you could do both at the same time: before the closing, the credit score is often checked again (by your lender).
If the car inquiry shows, this could become a problem with your mortgage approval, and, if rejected post commitment date, you might loose your escrow money. Not the way to go...

However, you do need a car. There are lease swap programs advertised on the net. There are also many people who have lost their jobs and are not working, but there are 2 cars in their families. Such families could loan you a car (which would pay for their loan) - say for 6 months...Check out www.swapalease.com and craigslist.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
305-904-2355
IrinaKaran@gmail.com
... more
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Sun Apr 1, 2012
Irina Karan answered:
Hello Rudi,

This condo sold on 01/04/2011 for 42.5K. It was a short sale.
There is only one condo available in Andor Plaza Condo at 16850 S. Glades Dr.
It is unit 2-E (completely renovated 1br/1.5ba with 790 sqft, maintenance of $192/mo and taxes of $617 in 2011.

I'd be happy to show it to you.

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
305-904-2355
... more
0 votes 3 answers Share Flag
Sun Apr 1, 2012
Irina Karan answered:
There are different loan programs - like FHA, VA and conventional.
There are different mortgage venues available to the buyers - large banks, mortgage companies, local banks and credit unions. All these mortgage providers have their own sets of rules called guidelines. It is best to call on several different lenders to see what their guidelines re. the extra bathroom built without permits are.

Ask your agent to recommend a few lenders for you. Your agent can also call these lenders him/herself.

When appraiser does appraisal, he will point out what he sees - the amount of bedrooms and baths.
He may or may not know if the bathroom was built without a permit...so this could go unnoticed, but you really can't rely on that. If appraiser notices this bathroom issue, he might put "cost of cure" in the appraisal (how much it will cost to fix this issue) - and the value could be reduced by that amount (or by 1.5 times this amount), and this cost could be requested to be set aside by the seller/buyer.

It is best to find the lender who will give the mortgage to the buyer despite the extra bath without permit, before the problems with the mortgage start.

Hope this helps when you talk to the mortgage pros,

Irina Karan
Beachfront Realty, Inc.
305-904-2355
IrinaKaran@gmail.com
... more
0 votes 2 answers Share Flag
Wed Mar 2, 2011
Alma Kee answered:
Dear Ulises,

If the condo association did a foreclosure auction at the courthouse it will NOT remove the 1st mortgage and tax liens and other liens.

Do not invest any more money into the condo because eventually the 1st mortgage lender will foreclose and take ownership from you, sorry to have to tell you.

You may be able to rent out the condo to try to recover some of your money lost at the auction. Be sure to disclose to the tenant that this is what is going on with the foreclosure, to be fair.
... more
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Mon Nov 22, 2010
Ainsley Daux answered:
Hi,
There is no telling how long it will take for this tproperty to hit the market. It can take weeks or in some cases months. 2 things contact an agent in your area to represent you if and when the property become available, and also ask the agent to help you find a property that is similar to this property.
Good luck
Ainsley Daux
Home Run Real Estate inc
(813)546-1954
... more
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Tue Feb 23, 2010
Anna M Brocco answered:
What is your agent suggesting--there are no standards as how much down to negotiate--you need to be aware of recently sold similar properties in the immediate area, factor in repairs--extensive or cosmetic--review the data and make a determination as to a fair offer--is the property priced on target for today's market or slightly below--if so multiple bids could come to play. Your agent will best advise you. ... more
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Thu Feb 18, 2010
Alma Rivera answered:
I would treat this second purchase as an investment rather than a second home. Buy a condo at the lowest price in the market and rent it out annually until you retire. The rental income will pay for the taxes and the maintenance fees-if you buy in the right place. It makes no economic sense to have your property empty and use it only for two weeks per year for 10 years. You are better off paying for a hotel for those two weeks and in the meantime have a tenant paying for your purchase that you will use when you retire or trade for a better one when the time comes. I would need to know more about your purchase to give you a better picture such as-are buying cash of looking to finance this purchase?

Alma Rivera
apriveras@aol.com
... more
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Wed Nov 4, 2009
thelendingteam answered:
Josiah, there are some DAP ( Down Payment assistance) funds out there but they are limited right now. Here is a link for some options in Miami but most are income and address restrictive. In addition, many of these FUNDS are out of money and not being funded right now do to economic conditions.

FHA still has 3.5% down and will accept up to 6% seller contributions whihc will further limit your closing funds needed. Here is the link - http://www.floridacdc.org/affordable.htm

If you would like to discuss your specific needs I would be glad to help and I charge nothing for applications, pre approvals and credit.

Andrew Kashella
727-331-8405
AKashella@TLTLOANS.com
... more
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