A home remodel can be a stressful situation. But it can become even more upsetting when you learn you have to undo your work or pay large fines because you failed to get the proper permits. According to the City of Sarasota Building Division, you may need a permit for...
Real Estate
Acquiring residential properties to generate revenue streams
Investors interested in Florida’s housing market to generate income may consider buying residential properties to offer as rental units. Both cash and loans generally become part of the purchase transaction. As noted by The Mortgage Reports, lenders may review a...
Common problems with property titles
Buying a house is a thrilling prospect. It marks your next chapter, full of new experiences and adventures. Unfortunately, complications can put a damper on the excitement. There may be problems with property titles that lead to trouble. Title insurance helps mitigate...
What should first-time homebuyers know about party walls?
While home prices in some parts of the country are starting to plateau, they continue to increase in the Sunshine State. In fact, according to Florida Atlantic University, houses in the state sell for as much as 40.8% more than their actual value. This puts...
Conducting due diligence when buying real estate
Buyers and sellers may negotiate a due diligence period as part of their real estate contracts. Money magazine notes that the standard time given for buyers to review a property is 10 days. During this period, a buyer may back out of a contract without penalties. As...
Do home buyers need a land survey?
If you have ever searched for a new home, you know it can be an emotional experience. You find a house you love and begin to picture yourself there. You can imagine where you would place your furniture and what color you would paint the walls. Then the deal falls...
Handling a broken chain of title
A hot Florida real estate market motivates both buyers and sellers. However, property that changes hands frequently or is passed from one generation to another within the same family without a will may have legal issues, complicating a sale. According to Bankrate,...
What should I know about a stigmatized property?
It is natural to focus on the present condition of a home that you want to buy. Still, as you conduct due diligence on the property, you should investigate to see if the home possesses any stigmas. Knowing whether you have a stigmatized residence on your hands may be...
What happens if a homebuyer gets cold feet?
If you are thinking about selling your home, you may be in for a windfall. After all, Sarasota's housing market remains hot, with houses currently selling for about 25% more than they were just a year ago. Still, if you have unique or otherwise hard-to-sell property,...
Can Florida home buyers sue sellers after the fact for defects?
Selling a home is a big deal and, for many sellers, a huge burden off their shoulders. If you recently sold your home, you are likely familiar with the surge of relief that comes with finalizing the transaction. But then, you receive notice that the buyers plan to sue...