In a residential real estate deal, a prospective buyer can get distracted by how exciting it can be to move into a new home. The same excitement can also pop up in a commercial real estate deal, when a Florida business owner has just secured a new location for their business or a new office building for the company's headquarters. There is no doubt about it: taking over ownership of a piece of property in real estate transactions can be a thrill.
Many of our South Florida readers know from personal experience that real estate transactions often involve a multitude of documents. And, most people accept that this is just part of the process. But there are certain aspects of these documents that are much more important than some of the "boilerplate" legal language. For instance, what are "terms of sale"?
South Florida residents probably can't help but notice all of the condo towers that are popping up all over the place. With the real estate downturn of a few years back seemingly firmly in the rearview mirror, developers and investors are taking full advantage of the fact that the local real estate market is a hotspot.
When people think of real estate transactions, they most likely think of the common purchase of a family home as a primary residence. But, while these types of real estate transactions have certainly been occurring at a breakneck pace in South Florida in recent months, there are other, more complicated real estate deals being put together throughout the local area. And, as many of our readers can probably tell by the number of condo towers they see popping up, getting approval for the construction of these condos is just such a detailed transaction.
Most people probably think that the largest areas of land for sale are located in the western parts of the United States. A recent real estate transaction in Florida transaction in Florida, however, may change that notion for many of our readers.
When a prospective buyer in South Florida is getting ready to make a real estate purchase, there are many different issues to confront. From negotiating terms of sale to investigating title insurance - and then actually attending the real estate closing - buyers have enough of their plates. But some of our readers probably know by now that buyers in the local area have another big problem: sellers are in control of the market right now.