I looked up 7 properties in Miami Beach that sold for over the property appraiser’s market value (some by as much as $100,000 over) and they all had two things in common. 1) The people buying had no other public record in Miami Dade County and 2) All had no record of a mortgage on the property bought, which means they were bought for cash.From this I can deduce that the people paying OVER market
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