Faced with higher liabilities from the 2017 federal tax overhaul, northerners are attracted to Florida because the state has no personal income tax requirement. The South Florida Sun Sentinel reported on how high earners from the New York area are moving to the...
Year: 2019
What are your obligations as a landlord?
Florida state law provides some very specific language as to the relationship and rights between landlords and tenants. Did you know that as a landlord, you cannot prohibit your tenants from using water beds? However, if your tenant wishes to have any number of water...
Do you know how to go about renting your condo out?
While you love your condo in Florida, you feel you are ready to sell it. That said, you also may want to wait a few years to see if its value increases. In the meantime, could renting the condo out be a good idea? Before you proceed too far, know that resources like...
How do you prepare your property to rent?
While renting out a room or building is a good way for many Florida homeowners to gain a source of income, it is important that you make sure the property is rent-ready in order to provide a better experience for the renter and to reduce your likelihood of liability....
How does a reverse mortgage work?
Florida homeowners have several options when it comes to accessing funds that are tied up in their home. While a home is not a liquid asset so there may not be cash available, there are ways to turn equity into cash. It is important that you understand if this is a...
How can you get a better interest rate on a mortgage?
If you plan to buy a home in Florida and do not have the cash to make the entire purchase, you will have to borrow money from a bank or another lending institution. With this comes interest rates that you pay over the course of your loan. Because the smallest increase...
Unique facts to know about real estate laws in Florida
Real estate laws can be complex and are different in each state. There are several real estate statutes in Florida that are unique and may be confusing without explanation. Florida has some of the most generous real estate laws when it comes to homeowners and...
Why do I need title insurance?
When purchasing residential property, title insurance is a must. This type of policy provides protection for your investment if another person or entity lays claim to the property. Most mortgage lenders require home buyers to pay the cost of their title insurance for...
Understanding the two types of title insurance
Title insurance may not come immediately to mind when buying a house in Florida. However, it can save a buyer’s investment in the event that another party attempts to interfere with the selling process. There are two types of title insurance people should be aware of....
What should you include in your real estate purchase contract?
Gone are the days when a simple handshake and the exchange of monies could seal a deal. Therefore, you must have valid purchase contracts when buying or selling a residential property in Florida. In order to help protect both the buyer and the seller, there are...