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...
Real Estate
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...
Real estate for sale “as is” may require a detailed contract
Real estate owners forgoing improvements and repairs to attract buyers quickly may list their property for sale "as is." As reported by Realtor.com, however, sellers have legal obligations to disclose any known issues to potential buyers. Buyers agreeing to purchase a...
What happens if we discover an unknown easement on our property?
We hire a title company to help better ensure that we purchase property free of encumbrances or burdens. This includes potential issues like a restricted covenant or easement. But what happens if the sale is done, and the buyer later finds out that there is an...
What factors make something a good investment property?
Investing in real estate is often a very smart financial move. It is one that helps you grow your net worth with less risk than other investment options. Real estate can be tricky. Not only does the market fluctuate quite a bit but also things can change really fast...
