Miami is the paradise of Real Estate and like Las Vegas with Gambling, there is a professional organization that will motivate you to spend your money. That is why it is very important before investing to know the keys to making a good business:
CHOOSE A PROFESSIONAL TO REPRESENT YOU:
Having the advice of a professional to represent you does not mean any additional cost. Interview several professionals and select the one you trust the most to assist you and defend your interests in a foreign market that you do not know. Work with a Realtor who is Licensed in Florida; do not work with commercials or intermediaries who cannot represent you in the US market.
In the USA, both the seller and the buyer are represented by a professional and the fees of both are paid exclusively by the selling party. Don’t think that buying directly from the owner will allow you to get any additional benefit or reduction in price. Please note in that case, that the Realtor serving you represents exclusively the interests of the owner and not yours.
Also know that through the MLS system, all Realtors have access to the same real estate portfolio; But keep in mind that not all businesses represent the same commission and it is likely that if it is not trustworthy, it offers only those businesses that generate the highest commission.
MAKE SURE YOU HAVE A COMPREHENSIVE SERVICE THAT TAKES CARE OF EVERYTHING:
Choose someone who provides you with a comprehensive service and who in addition to selling you manages your property. It is impossible to make a good management of your investment remotely. Poor management generates defaults, fines, surcharges, higher costs and great dislikes that threaten its profitability and make it a bad experience. Don’t overpay; a Professional and Efficient Administration will be free compared to the damages you may suffer.
As important as buying something GOOD, NICE AND CHEAP, is to have a professional who is SUITABLE, RELIABLE AND LOCAL; that speaks your language and also attends you both in the USA and in your city of origin.
FIND OUT ABOUT ALL THE EXPENSES THAT INFLUENCE THE PROFITABILITY OF YOUR INVESTMENT:
Be very careful when buying “opportunities” with possible hidden costs. Your representative must inform you of the existence of expenses and other extraordinary contributions, such as the special works that must be undertaken by all 40-year-old Condominiums.
Also demand that they inform you of all the costs involved in the purchase, maintenance and subsequent sale of your investment in order to calculate your rent. Use our Profitability Calculator to know the real numbers.
THE SUCCESS OF YOUR INVESTMENT DEPENDS ON THE TIMING OF THE SALE:
The realization of your investment materializes at the time of selling; That is why it is very important to have the advice of a professional who knows the market and its trends, to anticipate the facts that may influence the price of your property. This can only be provided by someone who operates in the market permanently.
COMPLY WITH ALL POST-SALE OBLIGATIONS:
Your representative’s work doesn’t end with selling your property and collecting your fees. From then on, you must file your tax settlement and proceed to close your company in case you do not continue to operate with it.
Failure to meet these obligations can lead to future problems. Require your representative to assist and advise you until the whole process is completed and keep in mind that most Realtors will disappear once their commission on the sale is collected.
