Wednesday, October 5, 2011

Relocating to Miami? Tips in Buying a Miami Real Estate Property ...

One of the most popular reasons why people need to relocate is job offers or transfers. If you just landed a job in the city but live someplace far, you need to be on your feet ? literally! Think fast so you can snag a Miami real estate property before the deadline and move out as soon as possible to welcome your new job. Here are some tips to help you.

Sell your old home?

Before even buying a new?Miami real estate property, you need first to sell your old one. As a rule, it is important to sell your primary residence first before buying a new one in order to qualify for a new mortgage. But if this isn?t possible, consider renting out the property or renting in the city until your house sells.?

As for your mortgage, make sure you have collected and kept all your crucial financial documents. Once that?s done, apply for a loan and secure a pre-approved mortgage for your Miami real estate property. This way, you?ll just how much you can afford and not waste any time looking at expensive neighborhoods.?

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Research the city?

Once you get your finances checked, it?s time to check the appropriate neighborhood. Of course, your main priority should be accessibility. Choose a neighborhood within proximity to your office. Next, consider the crime rate, location, recreational areas and others. Most importantly, in addition, always remember to think about the resale value.?

Know what you need?

After choosing the neighborhood, it?s time to look at the houses. This time, create a list of your priorities. Do you need a garage? How many rooms do you need? There are several considerations when buying a home, but remember to put your needs first before your wants.?

And since you have a deadline ahead of you, consider buying a home intended for quick sales. Homes that are aggressively, instead of competitively, priced are what you must first concentrate on.?

Pay for the repairs yourself?

If you want to move in the Miami real estate property as soon as possible, be willing to pay for the repairs yourself. Many sellers are willing to negotiate these with their buyers. Furthermore, this will also help you save money during closing if you ask a credit from the owner. This way, you can move in immediately and attend to the repairs after.?

Mark Michael Ferrer?
Miami Real Estate

Source: http://www.outwardboundodyssey.org/relocating-to-miami-tips-in-buying-a-miami-real-estate-property-fast

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