Finding the right property and getting an accepted offer is a big win in today’s market. The time between the accepted offer and closing can be full of emotions. There is excitement about a potential move and some trepidation about the condition of the property. It is...
Year: 2023
What is the most important thing to know about real estate contracts?
Buying real estate is often our single biggest purchase. This is true whether buying a single-family residence, rental property, commercial property, or vacation home. This investment is significant, so it is important to do a little due diligence before moving...
I am struggling to pay my mortgage. How can I save my home?
If you find yourself struggling to make mortgage payments know that you are not alone. ATTOM, a business that focuses on providing real estate data, reports that the foreclosure rates continue to increase throughout the country. What are the foreclosure rates in the...
Two things to know before buying land and building in Florida
Florida is a lucrative location to own land for many reasons. The weather is wonderful, the business opportunities seemingly endless, and the taxes low. Whether looking to build a dream home or a commercial property there are a few important things to know before...
Can I get out of a real estate contract?
You thought you found a dream property. You put in an offer, the buyer accepted, and you started making plans for the big move. While waiting for this transition, you start to have second thoughts. Maybe rising interest rates have you concerned about the expense of...
When is a condo the right choice for me? Three examples.
Making a move is a big deal. This is true whether that move is down the road or across town. You will need to go through your belongings, figure out what is worth moving and what is worth donating or tossing and then pack it up for the move. Add in the expense that...
How do I avoid foreclosure?
The housing market thrived during the pandemic. People were shifting away from city life to remote work and were looking for homes that could provide work and outdoor space. This, paired with the high taxes of big cities like New York, led many to flee and look for...
Florida Court of Appeals provides clarity on interference of easements
The laws that impact real estate and land in Florida are constantly evolving. Sometimes, the state achieves these changes with the passage of new laws and regulations. Other times, through cases that work their way through the court system in the state. As they work...
What should I know about 1031 exchanges in 2023?
A 1031 exchange, more commonly known as a “like-kind” exchange, is a legal tool that allows real estate owners to exchange pieces of property and defer capital gains taxes. This generally applies to investment or business properties. In the past, there was the ability...
Real estate and capital gains: 3 things to know
Property owners who sell real estate at a profit may need to pay capital gains taxes. The reasoning is basically that the Internal Revenue Service (IRS) views the gain in value as a form of taxable income. The IRS generally applies a capital gains tax to the value of...