Buying a home is among the largest transactions that families enter. There are many important details and tips that can help first-time purchasers before they buy residential real estate. Preparation Buyers should budget for three costs. First, a down payment which...
Year: 2020
Florida second in the nation in mortgage refinance candidates
In Florida, people who have a mortgage on a property should keep track of trends to determine if they would benefit from a refinancing opportunity. Since the rates can fluctuate, it is wise to pay attention to possible openings to get a favorable rate and improve...
Why do I need a real estate attorney at closing?
The real estate market in Florida in 2020 reported strong gains in the third quarter. The purchase of single-family homes was up 13.7% from the same time during 2019 and condos were up 13.5%. Record-low mortgages likely play a role in this surge, and real estate...
Residential real estate closings increase in third quarter
With the pandemic continuing to affect nearly every aspect of the economy, many people in Florida have been concerned about volatility in the real estate market. Yet, recently released figures show that the housing market in Florida is actually pretty strong. In fact,...
How can I avoid foreclosure?
Homeowners across the country are facing unique struggles this year. The current coronavirus pandemic has resulted in job loss and reduced income for many families. This can translate to difficulties making a mortgage payment. Are homeowners struggling to make...
Overview of Florida’s construction lien law
Like other states, Florida has what is called a Construction Lien Law. The goal of this law is to ensure those who do work building or improving homes and buildings in this state either get paid or are able to recover some of their costs. The law itself is complicated...
What are my options if there is an issue with a property’s title?
Prospective buyers are wise to complete due diligence before finalizing a real estate transaction. This will likely include a title search. When it comes to real estate, this generally encompasses all the rights that result in full or absolute ownership of property....
Do environmental issues impact Florida residential real estate?
When buying or selling residential real estate in Florida, there is a seemingly endless number of aspects that must be considered. Many will think about location, land, the neighborhood, schools, mortgage rates, resale value, maximizing profit and much more. Other...
New Florida Coastline Development Rules Look to the Future
The Sunshine State has long as a retirement goal for many Americans. The endless beaches, gorgeous weather and friendly tax laws combine to create a real-world paradise for U.S. retirees. These factors also put a high demand on Florida’s coastline real estate,...
Real estate escrow deposits: What happens if I walk away?
Real estate transactions come with some risk. Sellers take a risk when they accept an offer. They are no longer talking to other potential buyers and could loose out on other options if the deal falls through. A seller often asks for a deposit to help mitigate this...