miami condo: Tips for Buying Real Estate in Miami
- 06/22/10 03:02 PM
Buying your own piece of real estate is an important step and is very often a good investment. But you should not just buy this first available property; there are a few important factors to consider and will likely be the difference between success and failure. When it comes to buying Miami Condos there are a few tips to keep in mind. Location Many investors and agents will agree: location is the most important factor in real estate. Your property will only be as good as the properties around you; whether you are buying a property for rental, or making it … (0 comments)
miami condo: Factors Keeping The Miami Condo Market Stable
- 06/07/10 04:48 AM
It has been forecasted by major real estate developers in the U.S. that Miami will be one of the most stable condo markets in the country over the next couple of years. This forecast has been based on the steady job growth and a gradually dwindling supply of rental properties in the city. The inherent stability of the Miami condo market is largely influenced by a number of factors which include the aforementioned job growth, along with a significant decline in apartment supply and low vacancy rates. In fact, market analysts view Miami as among a handful of metropolitan areas in … (0 comments)
miami condo: It's Now Harder to Get a Mortgage For Your Condo Purchase
- 10/28/09 02:21 AM
As if the current guidelines weren't stringent enough with regards to condo financing, Fannie Mae and the FHA have introduced new wrinkles into the requirements to get a mortgage. Fannie has only made one change to its requirements -- they now will require a minimum credit score of 620, up from 580 previously. However, the FHA has made very drastic changes to its rules. Over the past few months, many buyers have expressed interest to purchase a condo in Downtown Miami using FHA financing. The easiest way to get a loan is to purchase in a FHA approved miami condo building, but … (1 comments)
miami condo: Some Downtown Miami Condos Make Great Investments
- 10/27/09 02:49 AM
Right now there are some amazing investment opportunities available in Downtown Miami / Brickell. In some condo buildings, prices have fallen so low that you can buy a unit, rent it out, and have pretty good cash flow after deducting your maintenance payment and taxes. The 2 buildings that are getting the most attention right now are the Club at Brickell Bay (1200 Brickell Bay Dr) and the Vue at Brickell (1250 S Miami Ave). Prices in these buildings have fallen like a stone after the days of condo "flipping" and mortgage fraud came to an end. I recently was looking … (0 comments)
miami condo: Downtown Miami Condos Are Now Priced To Sell
- 10/23/09 02:08 AM
Over the past few months, the amount of activity in Downtown Miami has been off the charts. Developers and construction lenders have agreed to bite the bullet on many projects and have slashed priced to near fire sale level. In the past quarter, projects such as 1060 Brickell, Brickell on the River, and the Ivy have completely sold out. 500 Brickell is very close to selling out as well. These buildings were on the Fannie Mae approved list and units were sold to foreign investors and second home buyers. If you do a real estate search online, you won't find most … (0 comments)
miami condo: Why You Should Work With A Buyers Agent When Buying a Condo
- 10/20/09 02:11 AM
In today's difficult real estate market, when looking for a home or condo in the Miami area, it is important that you are working with a realtor who has your best interests in mind. The majority of realtors in Miami work as "transaction brokers" meaning that they can communicate on behalf of the buyer AND seller on the same real estate transaction. The agent's primary role is to facilitate the transaction and may or may not have your best interests in mind. On the other hand, you can rest assured that a "buyers agent" will always act with your best interests in … (1 comments)
Buying your own piece of real estate is an important step and is very often a good investment. But you should not just buy this first available property; there are a few important factors to consider and will likely be the difference between success and failure. When it comes to buying Miami Condos there are a few tips to keep in mind.
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