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Market Conditions in South Miami : Real Estate Advice

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  • Local Info3
  • Home Buying8
  • Home Selling0
  • Market Conditions2

Activity 2
Sun Aug 11, 2013
Lila Henry answered:
Good Evening Silvio,

If you go to the Dade Schools website, it will let you know which schools are covered for this address. I did look it up and as of this moment it shows that Ludlum Elementary, South Miami Middle and South Miami High are the schools for this property. Any time you wish to confirm school assignments, you can just go to dadeschools.net, and go to the school bounadaries and it will provide you with that information.

If you are currently searching for a home to purchase and are not already working with a realtor I would welcome the opportunity to assist you in your search. Please feel free to contact me.

Lila Lopez
RE/MAX Advance Realty
homesbylila@yahoo.com
305-772-2521
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Fri Dec 2, 2011
Alma Kee answered:
Hi Marlene,

If you're looking at a Short Sale or a RealtyTrac listing it may not be possible to buy it for the price listed.

You see the RealtyTrac listings are just notices of foreclosure paperwork filed at the courthouse. If a Home Equity Line of Credit files a foreclosure, there still may be a first mortgage for $500k.

It's not possible to buy a $200k property for $100k. You may be able to get it for $150k if you buy it at the courthouse foreclosure auction for ALL CASH the same day, though. You will have to do a lot of homework to verify what liens will survive the foreclosure and you buy it "as is" and without title insurance. So don't make any improvements because there are a lot of faulty foreclosures and some owners may try to get their house back!

Good luck!
Alma
www.SoldOnTampa.com

PS A South Miami Realtor can give you access to the "real" prices.
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