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North Shores : Real Estate Advice

  • All56
  • Local Info8
  • Home Buying14
  • Home Selling0
  • Market Conditions5

Activity 27
Thu Apr 5, 2012
Alistair Barrett-Powell answered:
Hi Antoinette,

I hope you found a property here in Miami Beach.

If you are still looking or considering selling, please do not hesitate to contact me.




Alistair Powell
Miami Executive Realty | 1024 Lenox Avenue | Miami Beach, FL 33139
Office: 305.501.4600 | Cell: 305.815.0880 | Fax: 305.501.4600 |
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Fri Apr 29, 2011
Steven Morgan answered:
Also are you refering to unit# 1235 at $3000MO..?? If so do you realize or know this is a "Seasonal" only rental, not a 12mo Longterm rental..??? Just making sure...
0 votes 3 answers Share Flag
Mon Oct 18, 2010
Tammy Hayes answered:
First time home buyer tips
Are you a first time home buyer? Here are some helpful tips to get you started on the right path.

1. The first step before you do anything is to find out how much money you can borrow from a bank/mortgage company. Check with different lenders to see who can get you the best deal. Once you know what you can afford, then you can begin to plan.

2. Determine what you need in a home, not necessarily what you want in a home. Make a list of those needs to give to your Realtor. When you are searching for homes you will find that it is very rare to find a home that has absolutely everything you are looking for. If you stick to what you actually need, you will have better success in your search.

3. Research areas/communities that are of interest to you. Determine what things are important such as schools, proximity to shopping, restaurants, and local activities. Drive through the communities to get a feel for what they are like.

4. Learn as much as you can about the process of buying a home. Some local Realtors or lenders will offer first time home buying seminars. If you can find one in your local area it would be helpful to attend. If you cannot attend a seminar, look on the Internet for a home buyers guide such as the one at -

5. Select a local Realtor to help you begin your search for a home. You can search Internet sites such as or, but a Realtor has access to all of the homes in the local MLS. They can provide you with information on the home, the area and answer any questions you may have. A Realtor can show you properties of interest.

6. Learn about the contract and what is involved. Your Realtor can take you through step by step the process of a contract. After it is signed by buyer and seller, it is called an executed contract. Then you would want to get a home inspection. If everything is fine with the inspection, then you can go forward towards closing.

7. Know what happens at closing. Again, a Realtor can walk you through what to expect at closing. You will need to have money for closing costs such as title search, processing fees, taxes, and insurance.

Buying your first home is an exciting and overwhelming experience. So make sure you are prepared.

Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL
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Sun Aug 1, 2010
Constantino Usaga answered:
Please call me for any question or concerns. Go to or

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Tue Jul 27, 2010
Wenceslao Fernandez Jr answered:
Hey, Antoinette...great question.

Ever heard "cash is king"? Well...these days it doesn't guarantee you the property, but it lets you play.

Regardless of the type of seller (regular, non-distressed seller or a distressed seller in pre-foreclosure or lender looking to sell their repossessed inventory), cash is very likely to be favored over financing these days.

Though not really a problem with single family houses, condominiums are under such financial duress these days due to shortages created by so many owners not making their maintenance and/or assessment payments that often, cash is the only way to buy.

Where financing is possible, you are not as likely to see low down-payment purchases possible in condos any more. There are one or two lenders though doing 3% down loans (non-FHA), but again, not in every building. Single (and multi), family property continue to be relatively easy to finance though.

Regarding a "lift", these may be easier to find in newer, hi-rise buildings. Older, two or three story buildings may not have easy access if you require a lift. However, there are times when a first level unit may be easy to access without a lift...but these are not always easy to find.

Your question however, was quite partial (as though only part of the question came through), and requires more detail for a better answer.

Just the same, working with the right professional will obviously increase the odds you will be successful in finding the unit you want and need, in the area you want and for the right price (perhaps even a great bargain).

All the best...
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Mon Feb 18, 2008
Paula Bean answered:
I've read all the posts with regards to your question, but can't understand why is it that because youare the new president of your association that it makes a difference?

The laws, rules and ethics are all the same.

Get an application filled out, get a deposit, run a credit check, get money.
Do a walk thru and make sure that there is no damage that the tenant would be responsible for that was already there.

"Be honest, fair and ethical" and follow the laws of your state. It matters not one whit that you are the President or not.

Or am I missing something here?

Run a credit report
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