A recent publication by real estate experts reports an increase in real estate transactions in areas that were devastated by Hurricane Michael. The publication notes that during the first half of 2019 the market increased by 15.5%. That translates to over 2,000 homes sold in Bay County alone.
Millennials face financial struggles that other generations did not. Student loans bog down millennials with massive debt while they attempt to navigate often saturated work markets. Those who find employment and are wise with their investments can still set themselves up to own property while in their thirties — even in Florida’s high cost housing market.
The moment a buyer closes on a home is a moment of celebration. Yes, a large amount of money is at stake. But, if done correctly, at the end of the transaction the buyer walks away with a property of their own — and possibly at least partially the bank’s if the buyer got a mortgage.
For Sale By Owner (FSBO) real estate transactions provide a prospective seller with the opportunity to sell their home on their own terms, but is this type of sale right for you? The following will delve into some of the pros and cons of a FSBO real estate deal.
Approximately two out of every three Floridians own property in the state. Those who are considering joining this group likely have a number of questions about home-ownership.
Although each closing will be unique to the transaction, almost every property sale in Florida will begin with a Purchase and Sale Agreement. This document begins the closing process. It can contain many provisions, including details about when the buyer could take possession of the property, zoning regulations and information about the title.
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.
In previous decades, the trend in residential real estate has simply been about leaving the cities and expanding the suburbs. That led to urban sprawl. America does tend to cater to this type of development since much of the country's real growth occurred after the invention of the automobile. The development of the infrastructure to support this means that Americans have easy access to more remote living situations and they tend to be very willing to drive -- and to invest in their cars -- to make this lifestyle possible.
If you are planning to enter into the real estate market in Fort Lauderdale, or any other area in South Florida, it is important that you know what is required in order to have a valid and binding contract. You will want to ensure that when you enter into a contract to buy or sell your property that every "I" is dotted and "T" is crossed so that the purchase/sale does not fail because the contract is faulty.
It can be extremely difficult to find the home of your dreams, especially when you are looking at older homes that need a lot of work. Even though the market fluctuates, it can still be hard to find what it is you want in Fort Lauderdale. One way to circumvent this problem is to purchase vacant land and custom build the home of your dreams.