Buyer’s Lounge

Considerations for Local, Out of town & Foreign Buyers before buying in Miami or Miami Beach Real Estate:

• Are you aware of the purchase process?
• Do you know the difference between a short sale and a regular sale?  **This is really important because there are literally thousands of properties on our MLS database listed as Short Sales.
• How much financing do you plan to obtain if any?  How much money do you plan to put down?  Did your lender tell you what buildings you can buy in?  (Many buildings are NOT lendable at this time.)
• FAQ for buying in Miami & Miami Beach

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Last year I was finding that many the buyers who contacted me were interested in buying in Miami and Miami Beach but needed more information on this specific market.

Through working with my clients and by writing on the blog, I created a Miami and Miami Beach Buyer’s Guide.

(an excerpt from our Buyer’s Guide)

A Few Thoughts

There is much to know about the new Miami & Miami Beach real estate market as it is today. There are many fantastic buying opportunities and we know that many of our buyers are savvy buyers and have buying experience under their belt. We also work with first time buyers too. This guide is not meant to tell you “how to buy a property” rather to educate you on our current market by explaining the buying process as it is today so that you can be prepared when we do find a great property that matches your needs.

• For instance, did you know that although a lender may approve you, the building may not be a building that the lender will finance in?

• Did you know that if you are looking at a short sale property and make an offer to purchase; it could potentially take up to 4 months to get a response back from the seller’s lending institution?

• The buying process is different today. Before buyer’s looked at properties and then went to the lender, today, buyers need to have a Pre Approval letter from the lender or if cash a financial statement on file prior to looking at properties.

Rather than just “showing and selling properties” our focus is to first give our clients good information followed by great customer service. We do this based on tried and true best practices that we have learned and mastered over the years. Although we would love to work with every single person we meet, we realize that not every buyer is our client and we are not every buyer’s agent. That’s okay. It’s better to find out before we get into a sales transaction, right?

Jamey Prezzi

If you would like to order our free Buyer’s Guide fill out the form below:

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If you would like to get started on our Fast Track VIP Service, click here…