With the real estate market as active as it has been in recent years, occasionally, a luxury residential real estate listing will make an appearance. And, one such listing has now come available at auction in Fort Lauderdale later this month. The property has a boat slip, private lot on the New River and all in lush tropical gardens. The property was previously listed for $4.9 million.
When buying a home, there are so many aspects to consider. Location, price, number of bedrooms and a variety of other factors go into making the decision to buy a home. Sometimes, it can feel like there are so many factors, it can be hard to prioritize which are most important. One aspect of home buying that some might overlook is CC&R's and their impact on a person's home ownership.
One of the more controversial pieces of the recent tax reform package now being mulled over in Washington is a provision that would scale back the very popular mortgage interest deduction, a benefit which many Fort Lauderdale residents and other people who live in South Florida enjoy as a perk of home ownership.
Title is an important concept in the law with significant implications for real estate transactions including residential real estate transactions. Title refers to who has legal ownership of a property and the right to use the property. Who has legal ownership of a property and the right to use a piece of property obviously has significant implications for the purchase of real estate and is an important part of the real estate closings process which may involve a title search and title insurance.
Zoning laws are an important aspect of any real estate transaction and can come up in residential or commercial real estate situations. A zoning change was recently approved for a real estate project in a nearby Florida community. The zoning change allows the developer of the project to tear down homes that are decades old and remove 80 trees to build a four-story apartment building with 66 units. The zoning change is being appealed by local homeowners and the homeowners' association.
If you are thinking about buying or selling a home, there are many factors to consider. If it is your first time buying or first time selling a home, there are often questions on both sides. While buyers and sellers ultimately would like to come together and make a deal, there are many aspects to that deal that should not be overlooked. One topic buyers and sellers often wonder about is "disclosure."
When selling a home, the more you know the better off you may be. This is true of almost any industry, but considering the wide range of peoples' knowledge and experience when it comes to the real estate market, it is still sound advice for everyone. This is applicable to both buying and selling homes.
If you are considering investing in real estate for the first time, there are undoubtedly things you do not know about the process or the new property you are considering. In order to protect yourself and your finances from future unforeseen issues and expenses, here are a few tips to consider before you sign on the dotted line.
A seller has an obligation to disclose any potential problem with regards to residential real estate that could affect the value of the property. Furthermore, it is illegal to willfully conceal or hide defects or problems with the property from a buyer.
The idea of buying a new home is among the highlights in the lives of millions of people throughout the United States, including those living in and near Fort Lauderdale, Florida, and Broward County. But as the old proverb goes, "haste makes waste." If you are on the verge of a real estate closing, there are several things you should remind yourself and do in order to prevent future issues down the line.