Law Office of Kimberly A. Abrams & Associates, P.A.

May 2013 Archives

What's keeping you from your own real estate closing?

Rent or buy? This is a question that millions of people face when it comes to deciding where -- and how -- they will live. Many more people will be facing this question in the coming months as graduation season gets into full swing and young people everywhere begin their professional, 'adult' lives. The question of which option is better between renting and buying residential property has proponents on both sides, and there are usually a variety of factors to consider when it ultimately comes down to making a decision.

Thank you flippers? The old real estate investment idea is back

Most of our South Florida readers have probably heard the term "flippers." No, it doesn't refer to the fins of the dolphins swimming off the coast, but instead to investors who purchase real estate intending to renovate and update the property, and then sell it for a profit. Thousands of these types of real estate transactions occurred in the years leading up to the bursting of the housing bubble, and some lay part of the blame for that fiasco at the feet of flippers. However, according to a recent article, it is those very types of investors who are now adding the recovery of the South Florida real estate market.

Rising values in South Florida also mean rising property taxes

Take the good with the bad, weigh the pros and cons - most of our South Florida readers have heard these clichés before. However, when it comes to deciding on when - or if - the timing is right to jump into the steadily improving residential real estate market, these clichés could do both buyers and sellers some good.

Investors still eyeing South Florida real estate

For millions of Americans throughout the country, buying a new home is one of the most exciting times in life. An individual or family sits down at the real estate closing, signs all of the appropriate documents and are given the keys to their new home. Most people will always remember that first time they walk in the door of their new home as the new owners. In South Florida, however, there are others eyeing homes in the local area: investors.

Celebrate the real estate closing - but not for too long

Imagine what it is like for a person to be placed in a position where they have to sell their house in today's national housing market. For millions of people throughout the country, this point in time can be a depressing one. Not only will many people have to face the prospect of selling their homes for far less than they ever thought they would be able to, but selling a home could also come with title issues, disagreements over contract terms and lack of disclosure claims. It's is in the faces of millions of Americans every day: the residential real estate market is still struggling badly in the wake of the economic recession and the bursting of the housing bubble.

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    Law Office of Kimberly A. Abrams & Associates, P.A.
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