Just about every transfer of commercial property and residential property culminates in one event: the real estate closing. In most commercial real estate transactions a great deal of work has already been completed prior to the closing, so there often is much less stress on the individuals who come to the meeting. However, for those South Florida residents who are purchasing residential real estate, getting to the real estate closing can be both exciting and nerve-wracking.
Our South Florida readers have probably seen previous posts here that noted the exploding number of condo towers that are popping up everywhere. A recent report, however, noted a firm estimate on the actual number: over 80 condo towers east of I-95 throughout Miami-Dade County, Palm Beach County and Broward County.
Most investors who are interested in land development or residential development will have contact with a city planning department at some point. These types of departments, which exist in just about every city in the country, are primarily concerned with zoning laws and ensuring that land within the city limits is being used in the best way possible.
Anyone who is thinking about entering into a real estate transaction, either as a buyer or a seller, has quite a few things to think about and plan for. However, of all the potential issues that could pop up when residential property is up for sale, one issue is something that most people don't ever think about: zoning laws.
After a few previous posts here have noted a couple of reports that may indicate a bit of a cool-down in the South Florida real estate market, a new report seems to point to a market that is surging in the recovery from the downturn of 2007. According to the report, residential development in the local market is booming, especially when it comes to condo construction.
With autumn right around the corner most people throughout the country are probably looking forward to the weather cooling off. While that may not be the case in always sunny South Florida, there is one thing that seems to be cooling off in the local area: the residential real estate market.
Many of our South Florida readers probably take advantage of the fact that they live within minutes of some of the most beautiful beaches in the world. But is the proximity of the ocean going to cause a problem for residential property in the local area sooner rather than later? According to a recent report, the answer may just be "Yes."
By now most of our readers are getting quite used to seeing continuous reports about how well the residential real estate market in South Florida is recovering. After all, negative news about this sector of the local market is few and far between, and what negatives there are often only arise after someone reads between the lines. But, that may be just the case in a new report about South Florida home prices.
Most of our readers know that buying a home is one of the biggest decisions they will ever make in life. It can be such a financial commitment to own a home that jumping into the residential real estate market without knowing what to expect can leave a prospective buyer's head spinning. With all of the details involved, from negotiating contract terms in real estate agreements to unexpected title issues, it can seem like the whole process takes forever between that exciting period of house hunting to the actual real estate closing. So, for potential buyers and sellers in South Florida, what can they expect?
As spring gets ready to give way to summer, there are all kinds of activities that begin to ramp up. Although South Florida usually has beautiful weather year-round, there is still a sense of seasonal change as local residents begin to take part in more summer activities, such as riding motorcycles, camping or just getting the boat out of storage and ready to hit the water. What's another activity that usually hits a high note in the summer? House hunting.