Real Estate Blog
Look Before You Leap…Into A New Listing!
Real estate transactions can often be quite complicated and confusing for even the most savvy of Sellers and their agents. You would think that the most basic and straightforward step in the process would be determining who are the owners and who has the authority to convey the property and sign related paperwork, such as…
LOOK BOTH WAYS BEFORE YOU WALK AWAY FROM A DEAL
While it may not happen often, on occasion we have experienced situations where one of the parties “walks” from the transaction. In this instance, the buyer or seller is often left in a difficult position and wondering what remedies they may have against the breaching party, if any. A well drafted contract will typically set-forth…
Foreign Buyers & Sellers-Speaking Their Language
In Florida we are fortunate to have many foreign buyers and sellers of real estate. Sometimes they show up on a realtor’s threshold and are ready to purchase a property to use as an investment, or a vacation home, or a reason to remove their money from their home country, or to house their children…
“Up a Stream without a Paddle-Closing without Title Insurance”
The immense value of title insurance has been well documented. Generally speaking, title insurance provides three somewhat distinct, yet significant coverage’s: Fatal title defects that could cause one to lose their property altogether, such as fraud, forgeries, inheritance issues, or execution/signing issues; Defects that could require the expenditure of significant amounts of money to cure…
Six Things You Need to Know about Buying Rental Properties (#2 will surprise you)
When a Buyer is purchasing a residential rental property such as a multi-unit building, they often have many questions about their rights as the new building owner and landlord. The Buyer may also wonder whether the standard FR/BAR real estate contract is the appropriate contract for them and what protections it affords them. Below is…
Getting Up Close and Personal (Property)
When real estate agents are out and about showing homes, those homes are usually staged, lived in, and/or full of furniture, appliances, etc. So when agents get the property under contract, what exactly is conveyed with it? The “As Is” and Standard Florida Realtors/Florida Bar contracts are useful tools and have been drafted by attorneys…
Consequences of Recording a Notice of Commencement
The Florida Construction Lien Statute (commonly referred to as the “mechanics’ lien law”), can be found in Chapter 713 of the Florida Statutes, Part 1. For purposes of this blog, the focus will be on this section of the statute dealing with Notices of Commencement. First, what is a Notice of Commencement? For brevity, Notice…
Who Selects the Escrow Agent?
Much like everything else in a real estate transaction, the parties have the ability to negotiate who will serve as the Escrow Agent. An Escrow Agent is the party or entity that holds any deposits required to be made by the Buyer under their Contract. The Florida Real Estate Commission (FREC) and Florida Administrative Code…
DON’T BE CAUGHT WITH YOUR PANTS DOWN
Have you ever represented a Buyer that literally waits to the last second to inform you, via email, that they want to terminate a contract? As a Realtor, what are your obligations? Generally speaking your obligation (as Selling Agent) is to deliver the written notice of termination (or signed Release and Termination) to the Listing…
Helpful Closing Tips for Commercial Real Estate Sellers
Here are some tips to ensure that your commercial real estate closing is a smooth one. Commercial real estate closings are often much more complicated than your regular residential closing, there are usually multiple business entities, often with layers, leased property where there is a tenant or tenants in the property, elaborate surveys, environmental due…
The Proof is in the Rating
English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish