Buying a home is one of the biggest accomplishments an individual or couple can experience in their lifetime. They've worked hard for years, have saved, have scrimped, have built their credit score and now they have the opportunity to purchase their first home. There's plenty that needs to be taken care of, which is why the process can last months. Here are some common obstacles that first-time homebuyers can run into in Florida.
Important must-haves in a real estate contract
Drafting a real estate contract takes experience and a lot of knowledge. The right contract will be able to protect you from plenty of legal issues. No contract is perfect, though, and you should prepare for issues to crop up at anytime. If you want to avoid as many disputes as possible, you need to include the must-have conditions for any real estate contract.
What common problems can arise at closing on a house?
You've probably heard an ounce of prevention is worth a pound of cure. That is perhaps no truer than when you are buying or selling a home in Florida. Regardless of the side of the transaction you are on, there can be potential pitfalls.
Be on the alert for property title defects when purchasing
When referring to real estate, the title determines who has legal ownership of the property. Before purchasing property, buyers often enlist the assistance of a title company to ensure the property title is legitimate. A comprehensive review of the title can identify potential problems, allowing the seller and purchaser to address the problems before the sale is final.
