Buy a Home in Miami Florida Now and don't look back, Foreclosure,Short Sale or Bank Owned?

To buy or not to buy?   

Is very common these days, I have some customers asking me the same question, Leo, should we buy now or should we wait? My answer, it depends, here's my thought.

If you are planning to stay in your house for at least 5 years and make it a home, go ahead, you will be in good shape, there's a lot of inventory sometimes even below assessed value, the sellers most of the time are willing to pay for your closing costs and/or discount the property to make it easy for you to make the purchase.

If you are an investor and wants to flip, be very careful, the market is not turning back tomorrow, there's some very good buys out there, if you are planning to rent it out for at least 2-3 years and then sell it is fine but most important is getting a good price at the time of purchasing, buy very low, rent and have a cash flow, prepare to sell in the future.

There's 3 different scenarios, let's review them one by one.

Owner Occupied Property

This is a house where the owners are still occupying the property and want/need to sell it now. Most likely if they bought from 200-2007 and they don't put a large amount of cash at the time they purchased the home, they are upside down. Prices today at at the same level they were back in 2000. Could or could not be a Foreclosure Property. They are harder to deal that when you have a Bank Owned Property. Miami Homes for Sale Listings

Short Sale Property

A Short Sale Property is when the Bank that is financing the property has accepted to sale at a lower value, it usually takes a long time to get that approval from the bank, it's better to deal with the ones that are already approved, the ones that are not could take a lot of weeks, sometimes months in get only an answer from the bank let alone an approval. It's usually a Foreclosure that is in the middle of the process, beware of those, the lender has not adquired title to the property and can be very dangerous at the point that the owner can file for Bankruptcy and it will stop the whole process. Hard to deal, very risky and time consuming. Miami Foreclosures Listings
Bank Owned Property

A Bank Owned Property also known as REO (Real Estate Owned) is a property that the Bank has acquired through Foreclosure, the fees are paid, the owners/tenants are out and all the legal papers are signed, the bank really owns the property which makes the decision process for them a lot faster, they REALLY want to sell that house, they have to many in their books. Great Deals, not a lot of waiting and the prices are negotiable with big discounts, to my opinion, the best option. Miami Bank Owned Listings
Find out what's your situation, wether your are a First Time Buyer or an experienced Investor you should know what's the best option for you and don't be surprised if you find a home that's priced "LOW" and is not a Foreclosure, the current market conditions has been forcing the sellers to adapt and adopt to the prices in their communities. For more information about the Real Estate Market in Miami, please call me or send me an email, I DO RESPOND!!!!

Leo Gonzalez
Skeyline Realty International
(305)349-3184
(813)505-8054
Email:leogonzalezrealtor@gmail.com
http://www.leogonzalezrealtor.com

Comprar Casa en Miami, es el mejor momento?

Comprar Casa en Miami, es el mejor momento?

Comprar una casa siempre ha sido y sera' una de las decisiones mas dificiles que enfrentamos, sea usted primer comprador o todo un especialista en el tema de Real Estate, el proceso de comprar una propiedad no es un camino facil de recorrer, son muchos los detalles y no se deben tomar decisiones a la ligera. Busque la opinion de un experto en la materia, es Gratis para usted y se puede ahorrar mucho dinero, cuando usted se enferma va a un medico, verdad?

Pudieramos decir que ahora esta de moda la compra de Foreclosures y Casas embargadas por los bancos, hay demasiadas de ellas si usted me pregunta y muchas personas tienen miedo comprar porque y si bajan mas?

Primeros Compradores

Dejeme darle mi criterio al respecto, si usted necesita comprar una casa o condominio y piensa vivirlo al menos por cinco anos, compre ahora, al haber mas inventario que lo acostumbrado los vendedores se ven forzados a rebajar sus precios, pagarle sus gastos de cierre y hacer concesiones que antes no harian, aproveche esas condiciones de mercado que le favorecen a usted como comprador. Los programas de FHA (Federal Housing Administration) le permiten comprar con solo el 3.5% de down payment, por ejemplo, en una propiedad de 100000.00 estamos habalando de solo 3500.00, los intereses estan a los niveles mas bajos, sobre el 5% lo que dejaria sus pagos en muchos casos por debajo de lo que paga hoy de renta.

Inversionistas

Si es un experto en la compra de propiedades estara' de acuerdo conmigo que hay muchisimas oportunidades ahi afuera para usted, desde comprar una casa por 30k o 40k pintarla y cambiar la alfombra y alquilarla por 1000-1200 al mes generando un cash flow de 600-700 al mes ademas del equity que esta acumulando en su propiedad, con solo el 20% de inicial puede entrar en una propiedad y esperar a que el mercado vuelva a subir mientras otro le paga el mortgage y tiene un cash flow mensual.

El mercado de Bienes y Raices como el mercado de valores es ciclico, con altas y bajas, estamos en la baja mas grande de la historia, usted quiere comprar ahora o cuando los precios vuelvan a subir?. La historia lo ha demostrado, cuando usted compra bajo y vende alto siempre gana. Sea un ganador, dejeme ayudarle.

Comprar casa, es el mejor momento?

Leo Gonzalez

Skyline Realty International

(305)349-3184

http://www.leogonzalezrealtor.com