Miami Homes

Sunday, February 15, 2009

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

Thursday, February 05, 2009

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

Monday, December 08, 2008

Buying a Home in the Miami Area

Looking to buy in the Miami area?
You've come to the right place!

Miami is growing by leaps and bounds! With so many Miami real estate options to choose from, you need an agent to help you make the best real estate decisions. You've definitely come to the right place. I'm the local expert and I'm ready to put my experience to work for you. If you haven't chosen a Miami REALTOR® yet, make sure your candidates can answer these tough questions:

What are the hottest growing areas in the Miami-Dade County?
Are Miami condos a good investment, and if so, which ones?
Which Miami condos are pre-selling now and how early does that REALTOR get notified?
If it's Miami investment property you're after, which areas are the most promising for rentals and flips?
What are the benefits and pitfalls of buying Miami preconstruction?
Which areas of Miami are ripe with affordable gems?

You've come to the right place to find your dream home in Miami, or in the popular suburb areas. Whether you're looking for a Miami estate, an executive home, a luxury condo, a retirement villa, a historic home, a beach-front property, or anything else in the greater Miami area I can help you!

My service area includes:

Broward County Real Estate
Martin County Real Estate
Miami-Dade County Real Estate
Palm Beach County Real Estate

Miami Area Attractions:

Greater Miami Convention & Visitors Bureau
A dynamic international center of business, entertainment and natural wonders, Miami offers the greatest American compromise between getting away from it all and being a part of it all.
Everglades National Park
Everglades National Park is the largest subtropical wilderness in the United States. The area boasts rare and endangered species, such as the American crocodile, Florida panther, and West Indian manatee.
Miami Seaquarium
The Miami Seaquarium is home to world-class marine life and is a safe haven for endangered animals like sea turtles and manatees. From sea lions to dolphins and killer whales that fly through the air, you will see it all at the Miami Seaquarium, a place of inspiration, education and fun!

Miami Resources:

City of Miami
The official website of the city of Miami
Education
Complete directory of Miami schools.
Miami demographics
Miami Chamber of Commerce

Leo Gonzalez-Skyline Realty International 2101 Brickell Ave 101 Miami, FL 33129

Saturday, August 26, 2006

Miami Real Estate-Before You Look at Your First House

Before You Look at Your First House

Experienced home buyers know that one of the first-steps in beginning a successful search for a new house is taking a hard, objective look at finances. Determining how much money you can dedicate to the purchase of your new house affects almost every aspect of buying a new home - including how we write the offer, which mortgage programs you will qualify for, shopping for the best mortgage loan and which homes are truly in your price range.

Here are the questions that each home buyer should ask:

How much cash is available for a down payment? The amount you have available for a down payment will affect what types of loans for which you can qualify. Learn more.

Am I ready to write a check for the earnest money? Earnest money is a cash deposit made to a home seller to secure an offer to buy the property. This amount is often forfeited if the buyer decides to withdraw his offer.

How much additional cash will be available to pay for closing costs? There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract. Learn more.

What is the maximum monthly mortgage payment that I can afford? Most lenders will use the 28/36 rule to determine the maximum mortgage payment you can afford.

The 28/36 RuleNo more than 28% of your gross income can be applied to your mortgage, real estate taxes and insurance. And no more than 36% of your gross income can be applied to your mortgage expenses plus your regular debt expenses (car payments, credit cards, other loans, etc.).