Refinancing a property is essentially the process of working with a lender to acquire a new mortgage. Homeowners who have paid off their mortgage for an extended period are more likely to refinance once they’ve built up equity on their property. They may want to...
Real Estate
Transferring real estate in your trust
Real estate plays an outsize role in estate planning. Aside from savings and investments, your home is likely your largest asset. And if you own other properties, they may form the bulk of the assets you pass on. But transferring property involves more than deeds and...
Did you purchase a real estate investment or a liability?
Homeowners would rather have an asset than a liability. When you purchase a home in Florida, you hope to have an investment, rather than a money pit or liability. The real estate market can be difficult to navigate at times. Most focus on the needs of their families....
What happens at your real estate closing?
Finding and buying your Florida dream home undoubtedly constitutes one of the best experiences of your life. But if it also represents your first home buying experience, you likely have plenty of questions about your closing. As the Home Buying Institute explains,...
Developer sues city over ocean-front permit denial
Commercial real estate developers in Florida may find it helpful to know that there is recourse to due process when issues arise concerning the approval of building plans. As reported by the Boca Raton Tribune, city officials voted unanimously to deny a developer's...
Takeaways from the Zillow class-action suit
A real estate transaction in Florida may become a tangled affair when a property is advertised online through a service such as Zillow. As reported by the Herald Tribune, a class-action lawsuit alleges Zillow designed its "co-marketing program" as a way to hide a...
How powerful is your Homeowners Association?
If you have found your Florida dream home, you would do well to thoroughly check out its Homeowners Association before you make your offer of purchase. Why? Because HOAs wield a great deal of power over what you can and cannot do with your home once you move in....
In a condo, who is responsible for what kinds of damage?
If you own a condominium unit, you’re engaged in a type of shared ownership when it comes to the rest of the building. By definition, the owner or owners of a condominium unit have a shared, undivided interest in the common areas of the building. In other words, your...
Tips for preparing a home for showing
The Florida real estate market has its unique challenges, both economically and due to the large number of people purchasing second homes while living elsewhere. Like anywhere, the market has its ups and downs, but regardless of whether it is a sellers’ market or...
What due diligence do you need to perform for a commercial lease?
If your organization is considering leasing new space, you need to do some due diligence. Naturally, need to nail down the essential terms: How much the rent will be, the term of the lease and what renewal rights you have. You need to know what changes you can make to...
