12023 NE 8th Ave, Biscayne Park

FROM RENTER TO SMART BUYER IN BISCAYNE PARK

First Time Home Buyer Success Story

BACKGROUND

This client was renting a condo in a full-service building in Midtown but couldn’t justify buying a similar unit nearby—it felt like a lateral move that would only raise his monthly expenses and expose him to unpredictable special assessments. His primary goal was to transition from renter to homeowner in a way that built long-term equity, minimized financial risk, and avoided inflated monthly costs. We aligned on targeting single-family homes that offered strategic upside through zoning flexibility or improvement potential. This would give him more control over his investment, a clearer path to appreciation, and the ability to grow into or adapt the property over time.

 

CHALLENGES

The single-family home market in his price range was competitive, especially for move-in ready homes. We needed to act quickly and decisively while also identifying properties with less obvious long-term value drivers—something beyond what most buyers would catch on a first visit.

STRATEGY

On day one of showings, we found a modern, turnkey home that fit his lifestyle. I ran a comp analysis to validate its pricing and uncovered that the property was zoned for duplex use—a fact not highlighted in the listing. I also discovered a vacated alley already included in the lot and a second alley to the north that could potentially be added, increasing redevelopment or income potential. We submitted a clean, fully pre-approved offer and negotiated a 5% seller credit during the inspection period. To ensure it complied with lending guidelines, I coordinated with the lender to apply the credit and a price adjustment in tandem. I also introduced the buyer to vetted contractors and outlined a phased renovation plan to maximize future value.

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RESULT

We won the bidding war despite competing offers and closed with built-in equity and a clear roadmap for long-term growth. The buyer avoided the assessment and maintenance risks of condo ownership while gaining a property with tangible upside. He now owns a home that meets his lifestyle needs today—and supports his financial goals for the future.

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