There are certain laws set in place to protect real estate buyers. In general, the seller must disclose material defects and other potential problems that could impact the actual value of a home and surrounding property before the sale is final. Sellers are not...
Year: 2020
Issues to consider in a construction contract
A contract outlining the terms of a transaction is not the only real estate agreement signed. Construction contracts are another commonly used agreement. These address many different concerns in specific terms. Overall, the construction contract can help both parties...
Mortgage rates at historic lows
Mortgages are often the biggest financial burden on any budget. In light of the current economic environment, the Federal Reserve has cut interest rates to spur the economy. A benefit of this cut is that mortgage lenders followed suit and similarly slashed their...
Key differences for owners and managers using Airbnb or VRBO
It is becoming increasingly common for people to rent out their home or vacation property. In the past, this meant that owners either handled the marketing themselves or used a brick-and-mortar rental company. Now online platforms Airbnb and VRBO have become the...
What property owners should know about renting out their home during vacation season
Many property owners choose to rent their extra rooms, garage units or entire homes for short periods of time to vacationers. While this can be a lucrative situation and offset your normal housing expenses, it can also be a gamble. There are many legal concerns to...
What is a title defect?
Buying a residential property is a considerable investment, and most homeowners want to rest easy in their new home knowing that their ownership is secure. For many people navigating the real estate market, title defects are mysterious obstacles to that ownership....
Before purchasing real estate, check the easements
Purchasing a property in Florida is a complex process. Responsible buyers take considerable time with the inspection, ensuring the home or rental property is in good condition or needs only minor repairs. Thorough research and shopping will present the best options...
How do you find good tenants?
When you decide to turn a home or condominium that you own into a source of income by leasing it, finding a good tenant is often the key to ensuring the venture is enjoyable and profitable. You need to find a tenant who will pay rent on time, take care of the property...
What do homeowners associations regulate?
When Florida residents rent or buy a house, look for information on homeowners associations. They are also known as HOAs. Not every neighborhood has one, but most do. Knowing the details of your HOA is a huge benefit to you. Today, we will look into what homeowners...
What are some short term lease concerns?
Short term rentals are becoming more common. These rentals may include rooms, apartments or entire homes. If you have spare housing, it may sound beneficial to list your room or apartment for extra income. Forbes explains that while short term rentals are growing in...