Law Office of Kimberly A. Abrams & Associates, P.A.

Real Estate Transactions Archives

Why do I need title insurance?

When someone is about to conduct a real estate transaction, especially for the first time, they may not even be aware that they have to ensure that the person they are buying the property from actually has the title to the property to sell it on further. This may sound logical to Fort Lauderdale residents -- you can only sell the title to something you own the title to. However, one in every three searches through property records reveals a defect that has to be fixed before the real estate transaction closes.

Floridians making a real estate sale on their own need legal help

A method that many Florida homeowners are using to sell their properties is to do it by themselves without having to use a real estate broker. The idea behind this is to avoid paying someone else for a process that might not need a go-between. However, there is a great deal of nuance when selling a property and those who are considering a for sale by owner (FSBO) should be aware of them. It can be profitable to sell a property without the need of a real estate agent provided certain aspects of this type of decision are fully understood. These include the terms of sale and other factors that make it unwise for the owner to do it all on his or her own.

Attempting to ensure a smooth real estate closing

When South Florida residents are involved in a real estate transaction, the mantra probably should be "plan for the worst, hope for the best." Sure, millions of Americans buy and sell homes every year, so how difficult can such a real estate transaction be, right? Unfortunately, many real estate sales will have complications that arise. But, the goal remains the same: get to the finish line -- the real estate closing.

The right help for many different real estate legal issues

Anyone who enters into a real estate transaction, whether it is residential or commercial, does so with the hope that all will go well and the deal will be completed smoothly. However, any of our readers who are familiar with previous posts here know that there is a whole range of potential issues that could pop up and derail a real estate transaction. The key to getting through these types of situations when they do arise is to stay focused and tackle the problem with the right information on hand.

Is it still popular to "flip" homes in South Florida?

Many of our readers probably remember how some degree of ire was directed at so-called "home flippers" during the depths of the housing crash and the early years of the slow recovery. Home flippers were viewed by some as get-rich-quick investors, buying a piece of property in foreclosure, making some small renovations and then turning around and selling the property for a quick profit. However, when it comes to real estate in South Florida, this type of investment and turnaround can actually be quite popular, if it is done right.

Changes in the community can lead to surprises in real estate

Many of our readers in South Florida have heard the famous quote that "change is the only constant in life." While this saying obviously applies to a wide variety of situations that can pop up, it is definitely an accurate assessment of most real estate markets throughout the country. The South Florida market is no different. While the last several years have seen a strong local market - stronger than most - in recent months there have been some indicators that the local market may be facing some changes sooner rather than later.

Know the details in residential or commercial real estate deals

In South Florida, we face a challenging real estate market. While the residential real estate market has recovered nicely over the last few years, the commercial real estate market is still tending to lag behind. However, good or bad, the local market will always present challenges to someone involved in a real estate transaction.

Utilizing the right resources in a real estate closing

Real estate transactions have the potential to get quite complex, which is why when the real estate closing is scheduled - the last hurdle to jump in the deal - no one wants to be surprised by any last-minute deal-breakers. The completion of a real estate transaction can be months in the making, especially in deals involving commercial real estate. People and companies in South Florida will want to make sure that they have the right resources available at the real estate closing.

Going the 'for sale by owner' route -- do you still need help?

Why do some South Florida residents eschew real estate agents when they put their homes up for sale and go the "for sale by owner" route? The answers vary, but in many cases homeowners believe that they can market their homes just as effectively as a real estate agent, and save themselves the thousands of dollars that would come with a commission being paid upon the sale of the home. In this day and age of the Internet and online marketing, that may be true for some. But, can all help of any kind be avoided by listing a home as "for sale by owner?"

What are the first steps for prospective buyers in Florida?

Although our South Florida readers don't have to worry too much about the difference between winter and summer like the rest of the country, they will still likely notice that spring and summer bring about the real "house hunting" season, much as it does everywhere else. By spring, prospective buyers have settled into the new year, filed their taxes and are beginning to look for the right piece of real estate.

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    Law Office of Kimberly A. Abrams & Associates, P.A.
    2699 Stirling Road, Suite A105
    Fort Lauderdale, FL 33312

    Phone: (954) 985-9715
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