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Beth Jenkins's Advice

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  • 134 Contributions
  • 4 Best Answers
  • 37 Helpful

Beth Jenkins wrote:

what is the best location to buy a home in Miami fl

Answer
Hi!Miami is a very large city with so many different suburbs that this is a tough question to answer.It depends on lifestyle, commute, budget, etc.I would be glad to help if you would like to contact me via my profile here on Zillow.  There are many variables to consider.Best,Beth Jenkins
July 28
(0)

Can I obtain financing for a non-warrantable condo in Miami?

Answer
Hi,Yes you can obtain financing in a building that is not FHA approved with the required down payment.  In most cases if this will by your primary residence a 20% down will be required.  I would go with a mortgage broker for this type of loan, they will have many more programs to offer than a regular bank.  Your credit score has to be decent, and  as with any financing. the higher the score generally means the better interest rate.  The problem you will find when shopping in this market is that you will be competing with many cash buyers, however there should be an option that will work as there is a good amount of inventory to work with.I would be glad to recommend the mortgage broker I have used and have always had great results.  Feel free to contact me via my info here on Zillow.I hope to hear from you, Beth Jenkins  
June 23
(0)

We would like to purchase a condo in Florida

Answer
Hi,I work in the Miami and Ft. Lauderdale area, and many condos are not FHA approved, which means you will need a conventional loan of 20% down.  If this is an investments property, 25-30% is required.This may change over the next year or 2, as more condos are going through the process to achieve FHA approval  But, in south Florida at this time I would expect the larger amount down.Good luck and feel free to contact from my profile if you need assistance.Beth Jenkins
June 23
(0)

What is the percentage of local buyers vs foreign buyers in Miami in the last year?

Answer
Hi,To the best of my knowledge, the percentage is in the 40% range.Miami is one of the four leading cities for foreign purchases in the country, including Arizona, California,and Texas, with Florida being first at 23% of all foreign buyers in the US.If I can assist you in any way please consult my profile here on Zillow.Beth Jenkins
May 29
(0)

Hi, Is it too late to invest in Miami?

Answer
Hi,I will be glad to give you some ideas and locations that would fit your budget in Miami, and to answer your question, it is not too late to invest in the area.  You are not in the 2010 price range, which was very below market in most cases.  As you probably know, real estate has an average of 10 year cycles and we are still on an upward trend, but in more of a controlled upswing, meaning the normal increase per year of 3-5%.I suggest a minimum of a 5 year plan in this type of market swing, the 3 year plan may have worked for the very bottom of the market but it will not give you the return you would like at this time.  A 5-10 year plan is best.  Miami has a short term rental market, however it is dependent on the building you purchase in if this is allowed.  There are MANY options in the area and this requires more of a discussion than this forum allows.You are welcome to visit my page here on Zillow and email or call me directly.  I have many references from clients and investors who have been very happy with my services.Best,Beth Jenkins   
May 12
(1)

Please stop sending me e mails on cape canarveral fl

Answer
Hi,I believe you want to go to your settings to address what emails are sent to you, not the Q and A section.Regards,Beth Jenkins
May 01
(0)

Is there currently a strong demand for rentals in South Beach?

Answer
Hi,I would be glad to discuss this option with you. I feel it is a strong rental market in South Beach, and yes there are always rentals on the market, however it depends on what type of rental it is.  There are long and short term options in the area, and you may be seeing more of the short terms on the market.I really would take a full analysis of your long term plans to decide if this is the correct purchase for you.You may find my contact information on my profile if you would like my professional opinion.Beth Jenkins
March 01
(0)

Is it possible for me to buy a condo for $20,000 cash?

Answer
In a word, no....Beth JenkinsSouth Florida Brokers786-371-4778 
February 27
(0)

Apartments for sale that allow pets.

Answer
Hi,I would be glad to help you out, if you want to check out my profile.Many condos allow pets, just the size and weight is restricted.  I would need to know the location, price, etc that you are interested in as well.   There are many variable to consider, and the more information the better!Beth Jenkins
November 13 2013
(0)

I'm looking to buy a foreclosed beachfront condo I wanted to know what was the necessary steps

Answer
Hi,If you are looking in the Miami area I would be glad to give you advice.  You can see my profile for details.Foreclosures, which are owned by banks, are on the regular multiple listing service.  However, they are very few and far between now in the beach areas, and if there is one they get many competing offers.You may be best off just looking for a good deal from a regular seller.  The bank owned properties go for about market value at this point in time.You need to contact a realtor in the area of interest. Best of luck,Beth Jenkins
November 02 2013
(0)
 
 
 
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