I have designed this post to assist you with the purchase of your new property.   I assure you that it is my goal to provide you with the most professional and informative service available. I am always just a phone call away!

Steps to Purchasing a Property in Miami & Miami Beach

1.  Analyze Your Needs in a Consultation

Some things to consider:

• Is this for primary residence or do you plan to rent it out?   Not all properties/buildings in Miami allow renting, short term rentals.
• Will their be pets in the home?  Some neighborhoods/buildings have pet restrictions.
• Do you need a parking spot?  Do you have a second car, where will you park that car?
• Do you want to buy in an older building or newer building.  Older buildings may have up coming certifications that can create expensive assessments.  Newer buildings may have pending assessments but based on other reasons.
• Can you carry an extra assessment on top of regular HOA dues and other fees if it were passed?

2.  Obtain Financial Pre-Qualification and Pre-Approval

Some things to consider:

• If you are planning to purchase by cash, the process will be much different in terms of applications and mortgage contingencies.
• If you are planning to purchase with financing and you want to purchase a condo, you need to speak with your lender about which buildings will qualify to buy with financing (because most in this area do not) & how much money do you need to put down?

3.  Select Properties

4.  View Properties

5.  Write an offer to Purchase  > Earnest money deposit

6.  Negotiate and counter offer.

7.  Accept the Contract > Inspections > (if condo read condo docs/building financial documents, etc.) > Remove contingencies

*****  If you are purchasing a condo you will also need to go through the condo application process.  This may or may not include an in person board interview with the current condo board of the building.

8.  Complete the Mortgage Application* > Credit Report > Appraisal > Verifications

9.  Rejection? > Secure Underwriting > Conditions

10. Obtain Loan Approval*

11.  Schedule Termite & Survey

12.  Contact Title Company > Title Exam & Insurance

13.  Close on the Property

14.  Take possession of your new home

**every purchase and the deal can be negotiated and prepared differently but these are the typical steps to anticipate

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