Profile picture for Beth Jenkins

Beth Jenkins

Agent

Realtor Associate (13 years experience)

1 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation

Advice

  • (139 Contributions,
  • 4 Best Answers,
  • 40 Helpful)

Contributions are sorted newest to oldest.

I KEEP HEARING FROM DIFFERENT REALTORS THAT ZILLOW'S LISTING AREN'T CURRENT. IS THIS TRUE?

Answer

As the others have pointed out, Zillow is not a proprietary, paid and linked to the MLS site, it is simply a free consumer site which brings many things besides the multiple listing properties.You have the auction sites and the realty trac type sites adding to the mix, as well as people posting something that may be innacurate just to get your phone call.It is a great place to get some ideas, it is not the right place to do your due diligence for a purchase, this is best done with a Realtor that you have researched and trust.  It is the only way to have all of the listings you may be interested in in one place.Beth JenkinsSouth Florida Brokers 

  (1)
First time buyer in Florida, with a foreign buyer too.

Answer

Hello,Thank you for the question, and it is not too complicated.Your situation seems great for a loan, however your parents situation may a be a bit more complicated but they can get a loan as a foreigner, but the rates will not be as competitive.  And a short term loan is fine if the payments are not too high, which is what happens when the term is shortened.Without getting into too much personal information on an open forum, I suggest that you contact myself, and/or other realtors to pick someone to work with.  We in turn can recommend lenders to communicate with so that you can figure out the best route for you to go with the financing. I live in Aventura, and know Hollywood very well.  The one thing you need to know is that each building has its own rental policy and the length of time you will want to rent your parents condo will be important, as many buildings do not allow a short term rental.     If you would like to start some preliminary inquiries and lending research feel free to contact me via my profile here on Zillow and I will do my best to assist you.The areas you choose are great and there is plenty of inventory to choose form in condos.Regards,Beth Jenkins

  (1)
First time buyer in Florida, with a foreign buyer too.

Answer

Hello,Thank you for the question, and it is not too complicated.Your situation seems great for a loan, however your parents situation may a be a bit more complicated but they can get a loan as a foreigner, but the rates will not be as competitive.  And a short term loan is fine if the payments are not too high, which is what happens when the term is shortened.Without getting into too much personal information on an open forum, I suggest that you contact myself, and/or other realtors to pick someone to work with.  We in turn can recommend lenders to communicate with so that you can figure out the best route for you to go with the financing. I live in Aventura, and know Hollywood very well.  The one thing you need to know is that each building has its own rental policy and the length of time you will want to rent your parents condo will be important, as many buildings do not allow a short term rental.     If you would like to start some preliminary inquiries and lending research feel free to contact me via my profile here on Zillow and I will do my best to assist you.The areas you choose are great and there is plenty of inventory to choose form in condos.Regards,Beth Jenkins

  (0)
Buy or rent in Miami?

Answer

Hi Daniel,I live and work here in Miami and it is expensive to both buy and rent, you are correct.I would really suggest checking both options, and it really does depend on your location and specific needs.  If you are alone and can function in a nice condo, you should be doing great with your budget!  If you have a family then you will have to see if a location you look will allow for your budget.I would be glad to assist you in checking out the options, my profile here has my contact information.  You must already know the location you will be working in so it should make your search that much easier.I look forward to hearing from you,Beth Jenkins

  (0)
Buy or rent in Miami?

Answer

Hi Daniel,I live and work here in Miami and it is expensive to both buy and rent, you are correct.I would really suggest checking both options, and it really does depend on your location and specific needs.  If you are alone and can function in a nice condo, you should be doing great with your budget!  If you have a family then you will have to see if a location you look will allow for your budget.I would be glad to assist you in checking out the options, my profile here has my contact information.  You must already know the location you will be working in so it should make your search that much easier.I look forward to hearing from you,Beth Jenkins

  (0)
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

  (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  

  (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

  (0)