Real Estate Blog

Hurricane Waves Hit Seawall

Be Prepared: Potential Hurricane on the Horizon

As Florida braces for the possible threat of a Hurricane, we encourage you to take all necessary precautions to ready your loved ones and homes for potential impact. Additionally, suppose you are purchasing property or representing a buyer of a property set to close soon. In that case, we urge you to contact your insurance…
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money-out-of-pocket

Liquidated Damages for Failure to Close

As the closing day approaches, the pool permit has not been properly closed. Although the seller disclosed the open permit to the buyer, the seller indicated that they were working on getting the permit closed. At this stage, the buyers are outside their inspection window, the loan approval period has expired, and the buyers do…
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Florida Quick Claim Deed

The Deed Is Done

The closing process’s culmination is the deed’s execution and recording. At first glance, it is easy to gloss over this crucial document and assume that the seller is warranting title to the buyer, but what guarantees are received? In your average residential real estate transaction, a General Warranty Deed, also known as a Statutory Warranty…
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Tax implications

TRIM de le TRIM: The Importance of the Notice

Nothing in life is certain except for death and taxes. Here in Florida, we are at the beginning of property tax season. The TRIM Notice or Truth in Mileage Notice has been hitting mailboxes across Florida. And for those who recently purchased property or moved to Florida, this may be their first experience with a…
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One, Two, Three – A Checklist to Avoid Lawsuits for You and Me

One, Two, Three – A Checklist to Avoid Lawsuits for You and Me

When you secure a new listing in today’s real estate market, there is significant pressure to get the home listed ASAP with eye-grabbing MLS verbiage to entice buyers to bid the best and highest offers in a short period. Unfortunately, in haste, sometimes certain due diligence information is missed, or an inadvertent property condition misstatement is made…
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Don’t Forget The Condo Rider!

Don’t Forget The Condo Rider!

Florida Realtors certainly have a lot on their plates regarding making sure all of their t’s are crossed and i’s dotted on all necessary documents over the course of a residential real estate transaction, including listing agreements, contracts, any necessary addenda, and sometimes much more. Generally, Realtors do an excellent job of ensuring all of…
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Regular Check-Ups: New Legislation for Condominium Associations

Regular Check-Ups: New Legislation for Condominium Associations

In June of 2021, a structure in the Surfside Condominium in Palm Beach collapsed, killing 98 people.  That tragedy led to a serious look into the maintenance and upkeep laws relating to condominium associations and ultimately led the Florida Legislature to pass new legislation mandating stricter rules.  Governor DeSantis signed the bill into law on…
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graveyard

Possible Predicaments upon a Passing of a Party Prior to Closing

Not all closings go smoothly. There can be a multitude of reasons why a sale gets delayed or canceled, ranging from funding issues, inspection problems, and title issues. Unfortunately, another issue that can arise is the passing of one of the parties to a real estate contract. Aside from dealing with personal loss, family members…
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UNDERSTANDING THE STATUTORY HOA/COA DISCLOSURES

UNDERSTANDING THE STATUTORY HOA/COA DISCLOSURES

The mandatory disclosures outlined in the Florida Statutes are an often overlooked or unknown disclosure requirement by the Seller of a property located in a Condominium Association (COA) or a Homeowner’s Association (HOA).” Failure by the Seller or their agent to timely provide these disclosures can lead to the Buyer receiving an easy ticket out…
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A Current Hot Topic: Solar Panels

A CURRENT HOT TOPIC: SOLAR PANELS

Air conditioning on full blast, only being able to walk the dogs at 7:00 am, constantly feeling dehydrated – it is summertime in Florida! Summer in Florida is H O T. It is not surprising that Florida is called the “Sunshine State.” With Florida’s abundance of sunshine, there has been an increase in solar panels…
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