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Home Buying in North Miami Beach : Real Estate Advice

  • All112
  • Local Info6
  • Home Buying25
  • Home Selling2
  • Market Conditions2

Activity 27
Mon Mar 17, 2014
Olena Sartan answered:
Come work with us in Decorus Realty.
Very low fees. Split 85/15. Mentoring. Leads.
We are on Sunny Isles.
Call me Tuesday and I ll tell you about Decorus.
I left Coldwell Banker and very happy with Decorus.
305-951-0510
Olena Sartan
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0 votes 9 answers Share Flag
Thu Apr 4, 2013
Tracy Hoyt answered:
ClsGonzaleza,

Are you thinking about buying or renting your home in Lakeland? The first thing you need to do is find a great Real Estate Agent who can help you with both of those options. The Agent can send you listings that are available to you when you arrive in the area.

If you are thinking about buying and want to move into the home in July then I suggest you start looking at homes now. If you are thinking about renting then I suggest waiting until the May time frame. Locally the homes have been renting very quickly and you would not want to pay for a months rent when you won't be here yet. Most owners will not hold the property 2 months.

I would love to help you with either option. I know Lakeland very well and can help guide you to the home that would work for your budget and your size needs. If you looking to purchase a home and would like to speak with a fantastic lender, just let me know. I know a very experience, knowledgeable lender who will walk you through the application process. She would be happy to answer any questions as well.

Please review my profile on Trulia and message me or contact me directly at THOYT@prutropical.com I would be happy to help you with this move. No pressure, just help.

Respectfully,
Tracy Hoyt
Realtor
Prudential Tropical Realty
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0 votes 2 answers Share Flag
Tue Mar 17, 2015
Sharon Nimmo answered:
Not sure if its too late however I have worked with David and he is very good and fluent in Russian.
good luck... tell him I sent you.


David Itskovich, Esq.

Direct Line: 561.883.8966
Direct Facsimile: 561.218.8991
Email: ditskovich@broadandcassel.com

Sharon NImmo
Engel & Voelkers - Bal Harbour
(954) 257 4535
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Tue Mar 5, 2013
Vitali Sorokin answered:
Russian Speaking Lender Bella 954-854-5111
my web http://miamirealtymall.com/commercial/index.php/multi-family-for-sale/
0 votes 2 answers Share Flag
Mon Mar 11, 2013
Tamika Moses answered:
Hi Lea,
You should work with a realtor whom can provide you with listings that are being auctioned off in advance or foreclosed and short sale properties. If you have any questions or concerns you can contact me and I will be more than happy to answer your questions. Working with a realtor you will get active, updated , and avaliable properties instead of waiting for a website to update which can take weeks to get recent info on properties.


Thank you,
Tamika Moses
Keller Williams Realty Partners SW
954-404-4646
tmrealtor@yahoo.com
http://flapropertiesbytmoses.kwrealty.com/
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0 votes 9 answers Share Flag
Sat Feb 21, 2015
Ron Thomas answered:
First, look at LISTING PRICE:

LISTING PRICE
Understand that the LISTING PRICE has one primary objective, to attract attention: It is not intended to be set in stone, and in many cases it is not even a good guideline toward the SELLING PRICE.

Some Sellers believe that by setting the LISTING PRICE high, they can always come down, and people will make an offer anyway: WRONG! Buyers will just bypass the property and look at houses that are within their price range. And six months from now, the Seller will slowly start lowering the PRICE, (this is called “chasing the curve”) and Buyers will be asking the question; “What’s wrong with that house?” and “Why has it been on the Market so long?”

Other Sellers set the LISTING PRICE low, to attract multiple offers. (The correct strategy.) We are asked; “Aren’t you obligated to sell at this price if someone offers it?” The answer is probably not; for that to happen, you would first have to have only one offer, and secondly, the offer would have be exactly the same, down to the smallest detail, (please discuss this with your Realtor).
Another thought; Buyer will search for potential properties by groups; for example, $400,000 to $450,000, and $250,000 to $300,000. If your house is priced at $460,000 or $310,000, the Buyers will never see it. (something else to discuss with your Agent.)

Different Banks have different philosophies about pricing their properties: You cannot draw any conclusions without a good analysis.

Have your Realtor do a CMA, (Comparative Market Analysis) to help you determine your Offering Price. It is the surest way to determine the Market Value of the property.

Next;
To accurately answer your question, (if it hasn't already been answered),
If a house is "IN FORECLOSURE", it would be a SHORTSALE. In this case too; you would need a Realtor to help you.
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Tue Oct 9, 2012
Don Tepper answered:
You have to specify an address or the MLS number. With neither, there's no way to answer.
0 votes 3 answers Share Flag
Mon Mar 11, 2013
Joe Robaina answered:
Good evening, if the home is a single family residence and it is a cash purchase, the approximate closing costs would be as follows:

Title insurance policy $525,00
Transfer tax and fees $425.00
Closing fee $400.00 to $600.00
Optional and additional costs:
Insurance policy $600.00
Home warranty plan $500.00
If there is an existing survey and you choose to accept it (I would advise against that), you may save a couple of hundred dollars more, Otherwise you would hire an surveyor and that would cost about $300,00 for an ALTA survey which would show all current and permitted structures, easements, etc.

If you financed the property, you may have the following additional closing fees:
Title insurance (add) $435.00
Additional tax and transfer fees $550.00
Plus you may have to consider a few to several months of tax and insurance paind into an escrow account in addition to loan origination fees (points) which could vary depending on your lender.


If the property is an REO (foreclosure), you may be required to pay for a re-occupancy permit or certificate of occupancy which may cost from $600.00 to $1,500.00.

If the property is a short sale, the seller's lender will most likely pay for your title insurance policy.

If the property is a condominium or a home in a planned unit development with a home owners association, you may need to pay some months of maintenance into an escrow account to be held by the association or property management company at closing.

If there are assessments that have not been paid in full prior to the transfer of the property, you or the seller may be required to pay for all of the remaining installments of the assessments at or prior to closing. Yes, I know, that could be a deal killer.
It is important for me to re-iterate that all of the figures I provided are approximate and there are many variable that can affect your actual costs.
I hope this helps but I realize it may be difficult and confusing to come up with a realistic projection. That's why our office usually provide a prospective buyer with an estimated buyer's closing costs estimate before they submit an offer so that they can have a better idea of what their total costs might add up to be.

Please don’t hesitate to contact our office if you have questions or need additional information.

At your service,

Joe Robaina, P.A.
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0 votes 4 answers Share Flag
Sun Apr 1, 2012
Anna M Brocco answered:
Much will depend on the lender, therefore consider asking your loan officer the question.....
0 votes 1 answer Share Flag
Thu Feb 26, 2015
Jen Babacan answered:
Aventura is a beautiful area and I would be happy to email you listings based on your specific criteria. Please email me your criteria, i.e. condo or single family home. How many bedrooms and bathrooms, etc. I will conduct a thorough search for you on the MLS website and email you appropriate listings. My email is jenbabacan@live.com.

Best regards
Jen Babacan
Galleria International Realty
Cell (954) 648-7334
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0 votes 9 answers Share Flag
Fri Apr 18, 2014
Thomas Pludwinski answered:
The best deal for you will depend what you are planning to do with the property and how much you want to invest.

Call me to discuss details.


Thomas Pludwinski
Cell: 305 968 2932 -Miami
email homesthomas@yahoo.com
skype: thomasplud
web: www.homesthomas.com
Elite International Realty
16137 Biscayne Blvd.
Aventura, Florida 33160
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0 votes 4 answers Share Flag
Sat Feb 21, 2015
Bkj Group answered:
A foreclosure is a legal proceeding commenced by a lender to recover the value of the loan from the collateral securing the loan. In the case of a residential mortgage, the collateral is a home.

A foreclosure sale is the final step in the foreclosure process that involves auctioning off the collateral. The proceeds of the collateral are used to pay off the lender.
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Sun Apr 1, 2012
scott farmer answered:
You need to wait on the car until after you close on your new property. It's even suggested that you wait 30 days until after the closing. Every time you visit a dealer they will pull your credit whether you give them permission to or not. Just by giving your license to "hold" while you test drive a car gives the dealer an opportunity to pull your credit which will knock 3 points off your credit score. Then when you buy the car it's going to change your debt ratio and can cost you your loan. It's much better to wait - especially if you have earnest money on the line. ... more
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Sun Apr 1, 2012
Alejandro Bendayan answered:
What's your schedule?

You can write back at abendayan@aol.com or call 305 785-3906 to schedule showing. Thank you

Alejandro "Alex" Bendayan, Lic. Real Estate Broker
Foster & Clark Real Estate Services, LLC
5830 SW 73 St - South Miami, Fl 33143
Direct: 305-785-3906 Fax: 305-666-0198
http://www.fosterclarkrealestate.com
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0 votes 3 answers Share Flag
Wed Mar 2, 2011
Edyta Gryc answered:
Since you mentioned that the auction was conducted for the condo fees that were not paid, I am afraid that yes. I understand that foreclosing party was HOA not the lender that still may have a lien on the property.
I hope that you have a title company or an attorney done a title, lien search for your prior to bidding at the auction. The best answer you will get by contacting a real estate attorney and I strongly encourage you to seek legal advice.
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0 votes 3 answers Share Flag
Thu Mar 31, 2016
Edyta Gryc answered:
If you apply for a financing, you should have a pre-approval letter. If paying cash, proof of funds. These requirements are basically for every buyer, not only for first-time home buyers.
Good luck!
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0 votes 15 answers Share Flag
Mon Nov 22, 2010
Alma Kee answered:
It's possible it may be several months before it comes on the market if there is any possibility of fraudulent foreclosure paperwork.

You will not be able to buy it "before" it comes available to everyone by listing on the Realtor MLS system unless you go to the courthouse auction and have ALL CASH (the same day).

You absolutely need a Realtor to help you because if you wait until the property hits the market and you try to contact the listing agent thinking you will have an advantage, by the time the listing agent calls you back another buyer will have already seen the property and submitted their offer to the asset manager and get a contract! Some REOs are now using an online website to submit offers so there is no way a listing agent will be privy to what price is the highest offer. Also there may be a listing agreement with the asset manager that the listing agent CANNOT disclose the current best offer. Listing agents would be foolish to violate this contractual agreement as it could result in losing those REO listings.

So find a Realtor help you and ask her to set you up with an automatic notification of any REO listings with your criteria and make sure you go out the FIRST DAY it is listed and be prepared to write an offer. Also you MOST include a preapproval from a legitimate, well known lender (not a mortgage broker that doesn't actually lend money) if you want the asset manager to take your offer seriously. It's better if you're paying ALL CASH becaue the asset managers will be more comfortable if the house has "condition issues" that may prevent FHA financing. You see banks sell their properties "as is" and will NOT usually make any repairs.

Hope this helps.
Alma
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0 votes 1 answer Share Flag
Sun Apr 15, 2012
Richard Schulman answered:
Have you checked out the Find a Pro section of Trulia? You should be able to search agents there and find one that has the specialties you are looking for.

Just to ease your concerns a bit too - the short sale experience really comes in especially handy for the sellers agent, who is the one working on facilitating the negotiations with the bank. The buyers agent just has to submit the offer for you and wait for approval (and then follow normal escrow procedures if/once the short sale is approved). Though don't get it wrong, it also is important that your buyers agent has short sale experience so they can keep you apprised on what to expect and know what they need to do.

If you need a qualified excellent referral in your area, feel free to contact me directly too and I can set you up with someone.

Good luck,

Richard Schulman
Keller Williams Realty
schulmanrd@yahoo.com
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0 votes 3 answers Share Flag
Tue Feb 23, 2010
Scott Godzyk answered:
In order to make an educated offer, you can not base your offer on the listing price. you dont know if teh listing price is at market value, below market value or above market value. If you use a percentage you offer could be too much or too low. You need to garner what the value of the hous eis in todays market and base your offer in that. A goo dbuyer broker can complete a broker price oppinion for you and assist you with your offer. good luck with your offer. ... more
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Wed Nov 4, 2009
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
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