Purchasing or selling a piece of real estate is often an individual or family's largest financial transaction. Since so much is on the line, frustration can run high for both parties if the transaction does not move forward. Whether a new job, financial problems, health issues or a change of heart are to blame for either the seller or buyer attempting to back out of the deal, both parties can benefit from a basic understanding of remedies for each party when one attempts to cancel the contract.
The man thought he was getting the deal of a lifetime. He put in a bid for just over $9,000 to get a villa. He won…or so he thought. Upon further review it turns out he did not get the villa. Instead, he is now the owner of a plot of land that is approximately one foot wide and runs 100 feet long.
Real estate underwriting can provide a valuable advantage for those who are looking to purchase real estate. Individuals looking to purchase a home or businesses looking to purchase property as part of a business venture will likely go through the underwriting process. This piece will provide some basic information about what the process is and how it works.
Although the importance of a title search when looking to purchase property is well known, not everyone knows much about the process. The following will answer three common questions that often come up regarding title searches.
Florida lawmakers recently passed a law that could increase investment in the real estate market. The law, available here, allows for online, remote notarization. Those who are interested in purchasing property will no longer need to be in the state to get the documents notarized. The transaction could potentially be finalized completely online.
Real estate contracts are often long, difficult to understand documents. Buyers, sellers and investors can benefit from a basic understanding of some of the more common provisions.
President Donald Trump’s piece of tax reform, the Tax Cuts and Jobs Act (TCJA), went into effect on 2018 tax returns. As a result, agencies are starting to gather and analyze data on the impact of the law. One specific area of concern: did the new tax law impact the housing market?
Buying or selling a property is a complex and expensive process. Having a basic understanding of how the process will unfold can help ease some of the stress that comes along with a real estate transaction.
The term “title” in real estate generally refers to the ownership rights tied to the property.
Whether buying or selling property in Florida, there are certain situations that call for the legal assistance an attorney can provide. The following post breaks down the real estate sale process, noting the benefit an attorney can provide before, during and even after the closing process.