Of all of the legal issues an average South Florida resident could be involved in, a real estate transaction is oftentimes the most challenging to understand. After all, buying real estate is not like buying a gallon of milk - there are quite a few legal implications that most buyers and even sellers don't contemplate before entering into an agreement. One issue is titles.
Anyone who has ever bought and owned a home knows that there are quite a few expenses to deal with. If a prospective buyer goes into a real estate transaction only thinking about the purchase price of the property, they are not thinking about all of the costs associated with homeownership. One cost many people don't check out before buying a home is home insurance.
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.