Today's New Foreclosures for Sale in Miami - 02/28/2011

Below are the new foreclosures that just hit the market for sale. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes (02/26/2011)
Single Family Homes (02/27/2011)
Single Family Homes (02/28/2011)

Foreclosures - Condos and Townhomes (02/26/2011)
Condos and Townhomes (02/27/2011)
Condos and Townhomes (02/28/2011)



Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 412-1171 Fax
www.ReasonsToHireMe.com (Why Choose Me?)
www.DadeCountyMLS.com (Website)
www.AmitsBlog.com (Blog - Web Journal)
abhuta@bellsouth.net (Email)
www.google.com/profiles/avbhuta (Google Profile)

Today's New Foreclosures for Sale in Miami - 02/25/2011

Below are the new foreclosures that just hit the market for sale. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes

Foreclosures - Condos and Townhomes



Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 412-1171 Fax
www.ReasonsToHireMe.com (Why Choose Me?)
www.DadeCountyMLS.com (Website)
www.AmitsBlog.com (Blog - Web Journal)
abhuta@bellsouth.net (Email)
www.google.com/profiles/avbhuta (Google Profile)

Today's New Foreclosures for Sale in Miami - 02/24/2011

Below are the new foreclosures that just hit the market for sale. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes

Foreclosures - Condos and Townhomes



Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 412-1171 Fax
www.ReasonsToHireMe.com (Why Choose Me?)
www.DadeCountyMLS.com (Website)
www.AmitsBlog.com (Blog - Web Journal)
abhuta@bellsouth.net (Email)
www.google.com/profiles/avbhuta (Google Profile)

Today's New Foreclosures for Sale in Miami - 02/23/2011

Below are the new foreclosures that just hit the market for sale. Click on the link below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. Please contact me if you are interested in any of them.

Foreclosures - Single Family Homes

Foreclosures - Condos and Townhomes



Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 412-1171 Fax
www.ReasonsToHireMe.com (Why Choose Me?)
www.DadeCountyMLS.com (Website)
www.AmitsBlog.com (Blog - Web Journal)
abhuta@bellsouth.net (Email)
www.google.com/profiles/avbhuta (Google Profile)

Today's New Foreclosures for Sale in Miami - 02/22/2011

Every since the market changed a few years ago, I have gotten more and more questions about the foreclosure inventory for sale. After interviewing numerous clients, they told me that they would really like to have a place on the internet that they could go to every day to see the absolute newest foreclosures for sale. I have decided to do this and update it every single day there is new inventory on the market in Miami-Dade County. Please click on the links below to view the homes. To go from one home to the next, click on the right or left arrows in the upper left hand side of the webpage. If you click on the home's photo, it will enlarge all of its photos. If you are interested in purchasing any of them, please let me know.

Foreclosures - Single Family Homes

Foreclosures - Condos and Townhomes



Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 412-1171 Fax
www.ReasonsToHireMe.com (Why Choose Me?)
www.DadeCountyMLS.com (Website)
www.AmitsBlog.com (Blog - Web Journal)
abhuta@bellsouth.net (Email)
www.google.com/profiles/avbhuta (Google Profile)

Interesting Cash Transactions Percentages in the Real Estate Market

The number of homes and condos sold for cash has increased tremendously over the last couple of years. Below is an interesting story from the Wall Street Journal. Hope you find it interesting.

All-cash deals offer big boost to housing market
MIAMI – Feb. 9, 2011 – More buyers are paying cash for real estate. About 28 percent of sales were all-cash transactions last year, according to the National Association of Realtors®. In October 2008, the rate was 14 percent.

Indeed, cash buyers made up more than half of all transactions in the Miami-Fort Lauderdale area alone last year, and about 42 percent were cash buyers in Phoenix in 2010 – a triple rate increase compared to 2008.

The more depressed the housing market, the higher the percentage of cash deals, economists note.

Cash buyers often get a 5 percent to 10 percent discount on the asking price of a home than a buyer using a mortgage. Sellers often prefer cash deals since they close more quickly and it prevents a bank from changing its mind, says real estate pro Mohammed Siddiq in Fort Lauderdale.

“The prices were just irresistible,” said Richard Stoker, who paid cash for two condos in Miami Beach, Fla., and plans to close on one more soon. “Florida’s been hit pretty hard.”

Virginia Hall-Busch also couldn’t resist the bargains. She purchased a “short sale” historic house in Stone Mountain, Ga., for $52,500 (the home was originally on the market for $159,000).

“When you have a bad economy, it’s hard on lots of people,” Hall-Busch says. “But right now if you’ve got the money to put down on a house, long term it’s going to be good thing.”

Cities with the most cash deals

The following cities had the highest percentage of homes purchased through all-cash deals in December 2010:

Miami: 54.2 percent
Las Vegas: 45.9 percent
Tampa, Fla.: 44.6 percent
Phoenix: 35.6 percent
Stockton, Calif.: 29.1 percent
Chicago: 23.4 percent
San Diego: 23.1 percent

Source: “Cash buyers lift housing,” The Wall Street Journal (Feb. 8, 2011)


Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 412-1171 Fax
www.ReasonsToHireMe.com (Why Choose Me?)
www.DadeCountyMLS.com (Website)
www.AmitsBlog.com (Blog - Web Journal)
abhuta@bellsouth.net (Email)
www.google.com/profiles/avbhuta (Google Profile)

Top Seven Mistakes When Getting a Loan

The home buying process has become much more difficult now days compared to a few years ago. There a few reasons for this - the different types of homes more prevalent on the market than the past (unapproved short sales, approved short sales, REO's, corporate owned, pre-foreclosure, etc), new sales contracts, much more difficult to get pre-approved for a loan, etc. As I always recommend, it is best to use a real estate professional when you are either buying or selling a home. With that being said, I wanted to share with you the top seven mistakes people make when getting a loan. A friend of mine, Patricia Perez, who is exceptional at the whole process of getting people approved and making sure the transaction closes as stress free as possible, was kind enough of to share the information below.

1) DON'T BUY OR LEASE A NEW CAR. A car payment will bring down your buying power, this means qualifying for a lower amount. Get the house first, then the car.

2) DON'T MAKE ANY LARGE DEPOSITS OR OPEN/CLOSE BANK ACCOUNTS. Lenders look at your past two months bank statements and any deposits that are not payroll related will need to be documented and explained. Cash at home IS NOT acceptable.

3) DON'T CHANGE JOBS OR TURN IN YOUR REISGNATION. A new job could require getting 30 days worth of paystubs. Resigning could jeopardize your approval especially if you will make less money or go into a different profession.

4) DON'T CO-SIGN FOR ANYTHING. This debt will count against you unless you can provide twelve months cancelled checks showing another person is paying it. Don't risk it - think about you first.

5) DON'T CONSOLIDATE BILLS. This may not be necessary and if you touch anything on your credit it could actually lower your credit score. If you fall below a 620, you usually cannot get a mortgage.

6) DON'T APPLY FOR ANY NEW CREDIT ESPECIALLY AFTER YOU HAVE BEEN APPROVED. Your credit report will be pulled again five days prior to closing. Any new inquiries or new debts will be counted against you and can void your loan approval. Don't go to the Rooms 2 Go sale - wait until after closing to buy anything.

7) DON'T PACK AWAY OR THROW AWAY IMPORTANT DOCUMENTS. The lenders will ask you for your W-2's, tax returns, bank statements (every page including blank pages) and paystubs. So be sure to have them handy.


Amit Bhuta, ABR, CNS, e-PRO, Realtor-Associate
Coldwell Banker Residential Real Estate
Serving Miami-Dade and Broward County
(305) 439-3031 Cell
(305) 412-1171 Fax
www.ReasonsToHireMe.com (Why Choose Me?)
www.DadeCountyMLS.com (Website)
www.AmitsBlog.com (Blog - Web Journal)
abhuta@bellsouth.net (Email)
www.google.com/profiles/avbhuta (Google Profile)