
Beth Jenkins's Advice
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Beth Jenkins wrote:
Is it a good time to buy an investment property in Miami,Florida for 200k to 500k.
Response
Hello,I feel I may know who asked this question!But, for the sake of anyone who may ask this question I would like to reply.There are many opportunities in the Miami area that can bring a rental return and have long term growth potential.It is true that many investment groups are buying property in the area, but they do have a specific number in mind for a return on invesstment, so they do overlook some properties that others will find desirable.Everyone has a different goal in mind with a purchase and may not have to make a certain return to satisfy their objectives.Miami is a thriving, international market that is only in the first few years on an upward market cycle, so once the initial rush of foreclosures are picked over a normal market will take over and preices will stablalize. They already have done that in most areas, and foreclsoures are not as prevelant.To have a complete picture of the market it is best to consult with a local realtor to discuss your particular goals and objectives, and there will be a number of options to choose from.Best,Beth Jenkins,Profile on Zillow web-site
Why are realtors in the Miami area so unreliable
Response
Hi Ari100,Well, all I can say is that all realtors are not unreliable, and i have had many happy clients.All I can suggest is to contact me via my profile to see if I measure up!Happy Holidays,Beth Jenkins
I'm looking for a buyer's agent who is willing to offer a rebate on the commission.
Answer
Ok, "DUNES", I am not trying to participate in a shooting match, just giving you and the others my thoughts. My clients very much respect me as I respect them.Don't judge.This thread needs to come to an end, I think the points have been made.....
I'm looking for a buyer's agent who is willing to offer a rebate on the commission.
Answer
In reply to "Dune", I a not sure any of us said that agents that provide rebates are "lesser" agents, and I also take issue with you saying that we treat consumers as if they are stupid....The point being is that to BEGIN a transaction with a professional by immediatly asking for a paycut is unnprofessionnal and frankly a bit insulitng, without any background as to the situation at hand.MOST realtors will make concessions according to the situation, and in short sales and bank-owned properties the commissions are already below the industy dtandar, so after you pay the broker (as we all have to do) and the IRS, we do not have much to work with, and the transactoins have been much more difficult and take much longer in the current market.The bottom line is, it is not smart to "count other peoples money", it is not attractive, we should all just try to work as professionals and be paid for a job well done, or not if it cannot be done. I don't ask my accountant, dentist, etc. for a discount upon meeting. Maybe after several consultaions or meetings there may some some room for discounts. Beth Jenkins
I'm looking for a buyer's agent who is willing to offer a rebate on the commission.
Answer
If you have MLS, you are then a realor?I am not in the Orlando area so I cannot offer assistance, but I don't really feel the way to start a client/realtor relationship is to immediatlly ask for someone to work for less than they are worth, as there is much more to finding a property than presenting an offer.Beth Jenkins
Are Realtor's afraid of cash buyers?
Answer
Hi,I would definatly say that realtors are NOT afraid of cash buyers. But I work in the Miami area and that is the norm here.It sounds as if you have had a string of bad luck. I cannot imagine this is normal, but again, some realtors are also feeling the tough financial times and have taken second jobs.I think the best way to find a realtor is by referral from a friend. Alos,s site such as Zillow and Trulia have realtors who activiely answer questions such as this so I would find one in the area you are seeking on these sites.Good Luck,Beth Jenkins
Can the HOA prevent from purchashing a house?
Answer
Hi Ana,If they requrie an interview, then you must oblige. There ae different reasons in each HOA that can restrict you from purchase, such as a previous felony charge.You can speak to the HOA ahead of time to have them tell you their requirements so that you do not waste time or moneyBeth Jenkins
Short Sale-Legal fees to be paid by buyer?
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Hi,I have done several short sales and hav NEVER heard of that. You should be using your owne attorney to oversee yoru documents, and he shoudl definalty look into that. It is a very high amount.Beth Jenkins
condo rental return and expenses
Answer
Hi Investor,I am a realtor here in Miami, and your question is based on too many factors to really give an answer. The area you purchase in has a lot to do with what your maintenance fees are, (closer to water and beach and higher amenity building means higher fee). You can generally expect a 2-4% return on investment in the coastal areas and up to 10% on inland property, but again a full analysis is not possible without the full picture. It is best to get a local realtor to help you with the details.I hope this helps! You can go to my profile if you wish.Beth Jenkins
Hi I am planning on moving to Miami...can you help me with upscale neighbourhoods in the Miami dade
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