Miami Realtor Presents: How To Buy A Foreclosure in Miami

If You Need Surgery Do You Undergo The Operation With Just Any Doctor?

If you are trying to buy a foreclosure in the Miami area it is important that you are working with an experienced Realtor. One that is familiar with how bank's operate and one that can help you determine fair market value before you decide what to offer.

How Are You Formulating Your Offers?

Your Realtor should be able to analyze the property sales history and comparables so you may incorporate into your decision making process. When a bank has a cut-off date and requests your Highest and Best, you have one shot to get it right!!

Bank Owned Doesn't Mean That You Can Buy It At A Steal.

Banks want to move their inventory and many of them do in fact place their properties on the market at an aggressive selling price. A qualified Realtor will not only help you identify what is priced right, he should be able to ask the right questions which may place you as the highest and best offer.

Lots of the bank owned property on the market is in a multiple offer situation. It is not uncommon for a well priced home to get 5, 6 or 10 offers within the first few days on the market.

Timing Is Everything.

A good Realtor will listen to your investment objectives and translate it into automated MLS searches which notify you both of newly listed foreclosures in the Miami area as well as price reductions on existing inventory. Some banks will not wait around accepting multiple offers. If a Buyer offers something that is acceptable the bank may jump on it quickly. Make sure that your Realtor also maximizes the technological tools that are provided to him by his local Board. These tools will give you the edge necessary to succeed in these highly competitive times.

Sergio Rebollo Jr.
Licensed Realtor
Exit Prime Realty
www.SergioRebollo.com
305-582-4062