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Home Buying in Miami Shores : Real Estate Advice

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  • Local Info8
  • Home Buying10
  • Home Selling2
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Activity 7
Sun Jan 15, 2017
Don Tepper answered:
You don't absolutely need an agent, but you'd be much better off with one. If you don't use an agent, absolutely use a lawyer to review the documents.

Is now the right time? Depends. If you're able to buy now, then buy. Interest rates are great. And house prices appear quite reasonable. If you'll be able to buy in 2-4 years (let's say you're cleaning up some credit issues) and can lock in a good price today, then consider a rent-to-own/lease-option.

Here's a link to a blog I wrote on how to find lease-options: http://bit.ly/findaleaseoption As you'll see, a number of the techniques involve agents. And, based on your question, you'd probably be better off with one.

Hope that helps.
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Mon Apr 2, 2012
Wayne Olson answered:
Johnny,

Answering whether or not you can afford a home will be based on a great number of factors: your monthly debt obligation (credit card payments, loan payments, proposed mortgage payment, etc.), your monthly income, your credit history and credit score, etc. Without that information available, as well as the proposed purchase price of a home and the interest rate, no one here will be able to answer that question for you. Best to call a local mortgage lender/broker to discuss your financial position and go from there.

Good luck!
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Mon May 9, 2011
Anna M Brocco answered:
Keep in mind that RealtyTrac's information may not always be accurate and oftentimes can be misleading--you could be looking at a lis pendens property--notice of default--or some other fees; some of those properties may not be for sale yet, and some may never be, if the default is satisfied by the owner; if interested in foreclosures, for accurate and free information, consider working with an agent of your own. ... more
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Sat Apr 20, 2013
Tim Moore answered:
Banks are not going to make it easy for anyone with poor credit to buy a house. That is what started the whole mess in the first place - banks loaning money to people who can't pay it back. I would be very skeptical about a home for $2000. That sounds like one of those, "If its too good to be true" stories. It may have a $2000 price on it but what other liens are there?? Tax lien?

If I was you I would find a good real estate agent and have them look for bank owned homes in the mls for you AFTER you speak to a lender to see if they will lend you money.
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Wed Jun 18, 2008
Glenn Ginsburg answered:
Do you know if the seller had given permission to the listing agent to disclose the amount of any offers?
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Thu Aug 7, 2008
George Sauvigne answered:
In a "free market" economy, no one can force a buyer to buy, or a seller to sell, unless an enforceable contract has been signed. However, if you feel the Realtor acted unethically, you should speak with that Realtor's BROKER, who is ultimately responsible for an associate's actions. Of course, you could also check with FREC...the Florida Real Estate Commission which is the state agency that licenses and regulates realtors in Florida. ... more
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Wed Jun 18, 2008
Glenn Ginsburg answered:
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