In Miami, cash is only sometimes king. Because of the high level of cash buyers in the Miami real estate market, a cash offer does not necessarily give a buyer more leverage in negotiating the sales prices. You will NOT be able to obtain financing for some Miami condos, regardless of your credit score or income, based on Fannie Mae's guidelines. Please feel free to contact us for a more in-depth explanation. You cannot always depend on a pre-approval letter when financing a condo in Miami. The building itself must also qualify.