52% of all EWM property sales now are cash. If you don’t intend to be purchasing with cash, and you intend to get a mortgage instead, you may be limited as to which buildings you can buy in.
Condo re-sales are subject to lending regulations.
Based on the actual number of “owner-occupants” (as opposed to ‘investors’) … and based on the number of property owners in arrears on their association /or mortgage payments financing a South Florida Condo may be anywhere from difficult to impossible. In fact many South Florida condo buildings present impossible scenarios for anyone needing to finance their purchase.
It’s more important than ever before to do your due diligence (before getting burned). There are plenty of really top Realtors who know the Miami Condo Market literally inside out. I wish we could say that we were the only ones … We’re not. But we would love to assist you, and help find you the right Miami Condo for you!
If you are looking to buy or sell real estate in South Florida, and are looking for a good agent to guide you, and help you navigate the maze (because it can be just that ) … contact The Restivo Team. Either drop us a note here or phone us at 305 793-1365 (cellular)…. any time. We look forward to helping you.
