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.
Buying a home in Fort Lauderdale can be exciting as well as a bit overwhelming. The capstone of most real estate transactions will be the real estate closing session. In most cases the path toward this moment has probably been a long one, most likely with a few twists and turns along the way. Still, when the day arrives, the excitement is usually palpable. However, some of our South Florida readers may not know what to expect at a real estate closing.
The summer real estate shopping season is well underway as weather conditions improve throughout the country. But, in South Florida, the shopping season never stops. The residential real estate market may see more attention in some months more than others, but the weather rarely plays any particular impact on the local market. In the local market, pushing a deal through all the way to the real estate closing can happen at any time of the year.
Just about every transfer of commercial property and residential property culminates in one event: the real estate closing. In most commercial real estate transactions a great deal of work has already been completed prior to the closing, so there often is much less stress on the individuals who come to the meeting. However, for those South Florida residents who are purchasing residential real estate, getting to the real estate closing can be both exciting and nerve-wracking.
By the time you're starting to prepare for the real estate closing on the home of your choice, things are probably getting pretty exciting. The closing date is usually the day when ownership of the home is officially transferred, and the keys are dropped into your hand. It can certainly be a thrilling time for any home buyer, but there is plenty of work to do leading up to the big day.
Most of our readers know that buying a home is one of the biggest decisions they will ever make in life. It can be such a financial commitment to own a home that jumping into the residential real estate market without knowing what to expect can leave a prospective buyer's head spinning. With all of the details involved, from negotiating contract terms in real estate agreements to unexpected title issues, it can seem like the whole process takes forever between that exciting period of house hunting to the actual real estate closing. So, for potential buyers and sellers in South Florida, what can they expect?
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.
Anyone looking for storm clouds to gather over the South Florida real estate market any time soon will apparently be waiting for quite a while. According to a recent report, the March home values in the region were 11 percent higher than in March of 2012. March was the last month data was available from the Case-Shiller real estate index, and the increase was reportedly the 15th straight month of gains.
Most of our previous posts for some time now have focused on all of the good news associated with the South Florida real estate market. Home values have been rising consistently, residential development is firmly underway and residential property in the area seems like it has never been hotter. However, many of our previous posts have also commented on the possibility of the housing recovery picking up too much steam, leading to more problems in the future - possibly the near-future. A recent article in the Sun Sentinel sounded those same alarm bells.
The new year has brought some good news for the housing market, and not just in South Florida. According to a recent report on residential real estate, single-family home prices are continuing their upward trajectory across the country.