Buying an apartment in Miami, Florida, USA
Apartment in Miami, Florida, USA!
I've always wanted to live by the ocean. This is probably why those who live by the ocean are always young at heart, always fresh, always smiling. Yes, people there have problems, I don’t argue, but their weight doesn’t put such pressure on their shoulders and doesn’t traumatize their souls that much. The ocean is helped by the sun, which warms even frozen hearts. With these thoughts, I firmly decided to go live on the coast, to a place where there would be access to the sea-ocean, where sunrises and sunsets would clear my consciousness.
I thought for a long time where to go. I worked through a lot of options and settled on the USA, a country where housing is really affordable even for residents of other, less wealthy countries. I was surprised by the real estate market with its diversity, breadth, and variability. That is, I, a person with a very small capital of 100 thousand dollars, could quite realistically realize my dream - buy an apartment in the USA, getting closer to my dream. Even then, at first, I realized that America is truly a country of opportunity, a country for people with their needs. I thought for a long time about where in the USA I should stay. There were a lot of final, as it seemed to me at that moment, decisions, but every time I found reasons for myself to continue the search. In the end, I chose Florida, the southernmost state of the United States. After all, it was here that I could actually buy an apartment in Miami cheap. So, I began to implement my plans.
How did I start buying an apartment in Miami?
First of all, I decided to scour the Internet. I found many Russian-language sites with offers. It turned out that apartments in Miami and houses in Miami are comparable in price to housing prices in Russia. Agree, this is a compelling argument for buying real estate in Miami. Why exactly there, you ask. During my search, I studied real estate prices in different states of America and came to a comforting conclusion: the lowest prices for apartments are in Miami. This is facilitated by:
– in Miami, the construction complex is developing most actively, which is due to serious investments, that is, cash injections – building apartments in Miami today is profitable and financially promising;
– real estate in Miami is represented by both modern residential complexes and ancient (yes, ancient, not old, since even houses in Miami that are 60-70 years old are very well maintained) houses;
– real estate in Miami is diverse, that is, people will find housing here for any budget;
– prices for apartments in Miami, as well as for houses in Miami, are influenced by one of the main laws of economics – supply and demand. Therefore, there are always periods when the cost of real estate in Miami goes through the roof, but there are also times when it drops to historical lows (like now, for example), which attracts many people from all over the world.
Of course, sitting in a chair somewhere in Russia, it is almost impossible to buy an apartment in Miami. Helper needed. I started looking for one like this. But first I researched who in the USA would help me. As it turned out, there are many real estate companies in Miami that are ready to cooperate with any client, even if he is from Antarctica.
If you decide to buy an apartment in Miami or become the owner of a house in Miami, do not chase the low cost of intermediary services. A low-paid intermediary is a specialist with a low level of knowledge, as a rule. He will not be concerned that the apartment in Miami will cost you as little as possible, and that its history will be legally clear. When choosing a dubious agent, be prepared for a variety of pitfalls and you will have only one way to protect yourself: if you double-check everything yourself. Do you need this: pay money to a person in order to double-check his work after him? Reputable companies, having all kinds of "trust" certificates from various associations, monitor their business reputation and will not exchange it for the sake of small financial gain. In America, status is valued, it is developed over the years, and is the best advertising.
As a person who is little familiar with the peculiarities of the US real estate market, it was difficult for me to decide on choosing an agent. I trusted the one who offered the widest list of services provided, who had the numbers of various licenses listed on the website (their authenticity can always be verified), as well as the one who offered the largest number of real estate properties: apartments in Miami and houses in Miami.
I contacted the operator, who, without any cooing, asked what I wanted and how to achieve it. I won’t talk about obtaining a visa, going to the US Embassy, collecting documents and going through interviews - other authors have all this in more detail, and my main goal is to talk about how I became the owner of an apartment in Miami, what does it mean to me gave financial and personal information, as well as all the features of the purchase and sale transaction.
My opinion is this: if you want to buy an apartment in Miami or a house in Miami and so that later this property does not cause headaches from a series of problems associated with this housing, you should be directly involved in the transaction. The fact is that you have the option of signing a general power of attorney in the name of an intermediary who will carry out the entire transaction for you, and you do not even need to travel outside the country (for this you need to contact the US Embassy). It is better to visit houses in Miami (residential complexes in Miami), inspect them, touch them, as they say, and personally make sure that this is decent housing, real estate, priced correctly. I won’t get ahead of myself, but there are some pitfalls that you should be aware of if you decide to buy an apartment in Miami cheap.
Choosing an apartment in Miami
I flew to Miami during the season, which lasts from April to October - summer there is considered a very hot period of the year and most tourists go on vacation when there is a full-blown snowstorm in the northern hemisphere. At this time, the sun is shining in Miami, the air is heated to an average of +25 degrees Celsius, and the ocean is very calm.
My agent met me at the airport. By this time she had booked a hotel room for me. I’ll say right away that Miroslava (that was her name) had an excellent command of the Russian language, so we had no problems in communication. If I didn’t understand something somewhere, she tried to describe the situation so that it would be clear to me thoroughly. As it turned out, this is not the first time Mira has worked with guests from Russia. Russians are one of the leaders in the real estate market in terms of purchasing power. In the USA and Miami in particular, there are no restrictions on the purchase of housing by foreigners, including those who do not have a residence permit. You can own real estate in Miami and come there once a year on vacation, and the rest of the time you rent it out to other people through an agency and make money from it.
Over the course of three days, together with the agent, we visited a dozen apartments. This was housing in modern and not so modern complexes, as well as gardens (buildings with many standard apartments united into a single closed area with 24-hour security). The specialist drew my attention to everything that seemed unimportant to me at that time. For example, does the homeowners association allow apartments to be rented out in Miami; Is it possible to keep pets in the apartment? are there age restrictions for buying an apartment in Miami and much more. Yes, in America, despite its apparent simplicity, there are many rules and regulations that are not just written down on paper, they are in effect, they are followed, and very harsh sanctions are applied to violators.
Once we were presented with an apartment of 130 sq.m. It was bright and spacious. I really liked this property, and I was about to say that I was ready to invest money in this apartment, but he, winking at me with his eye and barely perceptibly shaking his head, made me pause and not spray myself in front of the real estate seller about the fact that I was ready to buy an apartment at least Now. We went outside, got into the car, and Mira explained the reason for her behavior: it turned out that the apartment had an area of only 100 square meters. meters, the remaining 30 sq.m. - this is the area of the basement for which the unscrupulous seller wanted to receive additional income. Only then did I understand that they simply wanted to deceive us. Yes, this happens in the USA too. Thanks to my competence, I realized that I was able to avoid deception and saved my money and myself from headaches, since no one would deny that such housing may have problems from the legal side.
Ultimately, we chose an apartment on the second coastline, a 20-minute walk from the beach, in a high-rise residential complex built in the early 2000s. It was a relatively small apartment, only 75 sq.m., but very cozy, located on the 16th floor, with a balcony, when you go out onto it you can see the blue ocean, palm trees on both sides of the street - I liked the view right away.
I was advised to hire a specialist - a home inspector, who, for $300, will inspect the apartment with passion, draw up, in our words, a defect report, or rather a report in which he will point out all the hidden and obvious defects in this apartment. Actually, that's what I did. As it turned out, not in vain. Having this document in hand, it is easier for you to "knock out" a discount from the seller, since the prices for apartments in Miami, as well as the prices for houses in Miami, are formed taking into account supply and demand, and other pricing factors. For example, even the most luxurious home in Miami can be cheap if the crime rate in the region where it is located has recently increased. Yes, yes, pay attention even to this - to the criminal report. However, the crime rate in Miami is much lower than in any other US state. This is due to the fact that large financial flows flock here, and people with money are not interested in living and are afraid of being robbed. Miami has its own police, its own administration, its own laws that are tough on violators. Safety is another plus that I noted for myself.
Features of choosing an apartment in Miami
In any business there are nuances, knowledge of which will allow you to approach the matter more correctly, with maximum regard for your own interests. So it is with buying an apartment in Miami. You have to plan a lot in advance. Let's talk about this.
Miraslava told me a lot, I learned a lot from the comments of Internet users who are either already property owners or know all the features from their loved ones who bought apartments in Miami.
First of all, research the area in which you are planning to buy an apartment in Miami. You should be interested in literally everything, from the remoteness of your house in Miami to the shopping center to the crime situation. Social infrastructure is an important aspect on which the comfort of our lives depends. Agree that traveling half an hour by car every day to the nearest store is nonsense. Yes, in America there are no problems with trade and all the more or less profitable points are occupied by trade. Another question is that you may not be satisfied with the range of goods in this store. A medical facility - a clinic, a doctor's office - should also be nearby. No, it is not necessary for your Miami home to be located near a hospital, but it is important that you have convenient access to it if necessary. Don’t forget about preschool institutions and school if you are planning to permanently move to Miami with your family in the future. Entertainment establishments - restaurants, bars, entertainment centers - are interests and needs of the second order, so they can be located at a sufficient distance from the house in Miami (apartments in Miami). Don’t forget about recreational areas - parks, sports centers, which should also be your priority.
Arriving at the apartment, inspect all the rooms, check whether the lighting and plumbing equipment are working, ask how the apartment in Miami is heated (it’s cold, as a rule, in apartments on the ground floor), whether there is a stationary air conditioner (the power of individual air conditioners in the hottest period of the year may not be enough). Find out how long ago the renovation was done, if recently, then ask if the owner has documents authorizing the renovation work. The fact is that in many apartment complexes this requires permission from the residents' association. And only certified specialists should be invited for such types of work as replacing plumbing, gas, and heating equipment. Therefore, in order to buy an apartment in Miami and then live in it for your own pleasure, you need to think through everything in advance, provide for it, and evaluate it.
Some residential complexes have restrictions. For example, apartments cannot be rented to persons under 45 years of age; Do not keep pets; Windows cannot be changed without approval from the association; it is impossible not to pay the rent, or rather to delay its payment; The obligation to pay property taxes cannot be ignored. Find out everything from the owners of an apartment in Miami. It is possible that they will not tell you everything, but you can check the information received with your neighbors. Be sure to find out:
– what is the amount of rent;
– what is the amount of property tax;
– Do I have to pay for a parking space and is it even purchased along with the apartment?
– study the history of the apartment in Miami (houses in Miami) for its legal purity (maybe this property is pledged).
Thus, you will collect enough information to make a decision: buy an apartment in Miami (a house in Miami) or abandon it in favor of other residential real estate.
When you don't have enough money
So, do not forget that in addition to the main expenditure of money on buying an apartment in Miami, you will spend a lot of money on paying for all kinds of services of a variety of inspecting and controlling agents. If you don’t have enough money, then you can always borrow it from an American bank by taking out a mortgage loan at 3-3.6 percent per annum. In order for a bank to work with you, you must prove to them your solvency (by providing a bank account statement) and financial solvency (you must have on hand an amount equal to at least 30 percent of the price of an apartment in Miami). The more documents you provide to the bank confirming your financial independence, the faster they will issue you a loan. I won’t talk about all the intricacies of using a mortgage in the USA; read this topic from other authors. On my own behalf, I will say that I did not need a mortgage loan.
Conclusion of an agreement and payment of the cost of an apartment in Miami
Carefully read the terms of the purchase and sale agreement for an apartment in Miami. It is advisable that this document be translated into Russian for you, and that the translation be notarized for your greater safety.
In America, there is a rule under which the cost of an apartment in Miami is paid in several tranches - two or three. The first tranche of money to the account of the seller of an apartment in Miami is 10 percent of the value of the property. Transferring money is evidence of your serious intentions. The remaining part of the money is paid according to the terms of the contract: on the day of signing the contract or 10 days after signing (the so-called buffer time, when you can, after living in the apartment, make sure that the estimate of its value is correct). Leave escape maneuvers for yourself
If you are interested in buying an apartment in miami, florida, usa , you may:
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