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.
Are you thinking of moving to Florida but don't want to live there year-round? Do you have a vacation home in another area of the country, say the Mid-Atlantic states, that you like to live at during the summer months? If so, you can become a snowbird. Snowbirds are people who live in Florida for the warmth during the winter and then live elsewhere during the summer. So, how do you become a legal snowbird in Florida?
The worry that many homeowners encounter is if they will lose their home to foreclosure. Now, this is not something that can happen overnight but it can be a fairly quick process if all of the chips fall into place. There are ways you can prevent the foreclosure of your home in Fort Lauderdale, Florida. You just need to know what it is you can do so you don't wind up losing your home to the bank.