Real estate transactions involve six and seven figure deals. Deals of this magnitude require more than just a handshake, they require a deposit. But where does the deposit go? Should the buyer or the seller be responsible for the deposited funds? Where does the money...
Year: 2018
Two ways technology is changing the Florida real estate market
Technological advances impact every facet of our life. We now use phones that allow us to work and keep in contact with loved ones virtually anywhere, at any time. We have vehicles that continue to move closer to full autonomy. What could be next? The next step:...
Avoid these 3 common real estate contract faux pas
A real estate contract is a complex legal document. A failure to draft a proper document can result in a void contract or legal battles. Parties to a real estate transaction can reduce this risk by avoiding some of the more common errors that occur during real estate...
How has Florida’s new beach law effected beach use?
A new Florida law restricts beach access. Supporters of the law explain it does not change beach access in most communities. They claim the law will mostly impact communities that passed local ordinances to open access to private lands. The law provides an opportunity...
When a river’s path changes, do ownership rights follow suit?
Florida is known for its waterfront property. Those who are interested in real estate that includes river front property may notice that, over time, the river’s bed moves. This likely triggers questions about property rights. Namely, when the river’s bed...
What happens when FL city planners and developers disagree?
City planners and developers often want the same thing … except when they do not. While both parties may want to improve the city, it is not uncommon for the two to disagree on what will achieve this goal. A recent case provides an example. The case involves a...
Florida real estate transactions and the right of first refusal
Real estate contracts may include a right of first refusal provision. This provision allows the holder the opportunity to match purchase term agreement offered by a third party. What to include: Two specific examples A properly drafted provision must address a number...
Escrow dispute and Florida law: The basics
Real estate purchases are often the most expensive item any individual will purchase. This transaction often involves a deposit, a small portion of a proposed offer on the piece of property set aside to ensure the seller the buyer is serious about the offer. The buyer...
“As is” real estate contract heads to Florida court: 2 lessons
The "as is" real estate contract can bring many reactions. Some may see it as an opportunity for a good deal, others a deal to avoid. This case provides some valuable lessons to anyone that finds themselves in the former group. The case, Diaz v. Kosch, begins in 2012....
Drafting real estate documents? 4 tips for success.
The real estate market in Florida is booming. This is particularly true in Fort Lauderdale, which has become a hub for those interested in both the residential and commercial markets. As noted in a recent piece published by Forbes, investors interested in everything...