estate clients interested in Miami and Miami Beach, Florida, real estate
, who have been waiting for the real estate bubble to burst. According to many Realty publications, real estate in Miami and Miami Beach, Florida is now priced at year 2000 to 2002 prices, making purchasing waterfront property in Miami a deal for anybody interested. Both foreign and domestic buyers have been rushing to South Florida, particularly Miami Beach, to get a great deal on waterfront Miami Beach condominiums.
Foreclosed bank-owned property, or REO properties, often sell very quickly, and usually to the cash buyers explained Folland, whose buyer clients are often competing with ten or more other offers. "Cash is King when buying foreclosed Miami Beach real estate" stated Folland, who often instructs clients to make a fair offer if they really want the property, because arguing over two or three percent on the price can lose the deal.
"Foreclosed properties offer great deals for international real estate buyers, but they must also be careful of problems," warns Folland, who advises clients of the potential issues with every property before drafting up a Florida real estate sales contract. Folland's services as a Florida Bar Board Certified real estate attorney are a very important part of the process, because distressed properties may have hidden mortgages, liens, legal issues, and other problems, including substantial increases in maintenance assessments due to the high number of foreclosures in a building or neighborhood.
Christian N. Folland, Esq. and the staff at
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