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Rent vs Buy in North Miami Beach : Real Estate Advice

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Tue Sep 8, 2009
Beth Jenkins answered:
Hi,
There are a few develpers with some inventory left aong the beaches, but it is not a foreclosure price obviously becasue it is still new, not a resale. The developers in the downtown Brickell area had the most inventory and they brought the prices to the rock bottom level this summer and most of the buildings sold out, but they had to be cash purchases becasue the builings were not approved for financing .

The sam is true for most of the builidngs along the beach, the great deals oar in buildings not able to be financed. If you are able to wokr with that, there ca be some bank onwed or foreclsures that may be great prices. It is best to work with a professional in your area that can search for these properties, it is a lot of research and calling, as tese properties usually have mulitple offers in the first few days.

If I can assist you feel free to contact me directly.

Beth Jenkins
South Florida Brokers
786-374-4778
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