If your homeowner’s association decides to foreclose on your home because you have a significant outstanding balance on your HOA fees and assessments, you may assume that you are off the hook for the future financial liability of assessments. Unfortunately, you would...
Year: 2021
Identifying common title defects
Florida homeowners who have a title in their name have the right to occupy, use and own the property on the title. However, if there are unknown heirs or third-party claims, the title defects might threaten the ownership of a property. This can cause legal issues for...
Contingency clauses in real estate purchases
When a buyer makes an offer to purchase a house, she or he may include one or more contingency clauses. These describe circumstances that must occur for the signed agreement to become a binding contract. If the contingencies do not occur, the parties can back out of...
Making your home the house buyers want
Selling your home in Florida when other buyers have the same idea may make you wonder how you can make your house better than the rest. Appealing to interested buyers is often a matter of timing and strategy. When you know some simple steps to elevate your home, you...
What are the benefits of buying a condo?
A condominium allows you the chance to buy a home while also giving you the perks of living in a complex. You have many ownership rights without a lot of hassle. Condo living is suitable for many people because it offers quite a few benefits. No outdoor maintenance...
What are some tenant warning signs?
Residential leasing can be a lucrative business. As a landlord or property manager, you have a responsibility to your building and your tenant. While a landlord and tenant relationship can be beneficial for both parties, there are circumstances where you may want to...
What should you consider before renting out a room in your home?
To make some extra income, you want to rent out a spare room in your home. Do you know what points to ponder before allowing another person to live in your space? U.S. News & World Today explains reflections for homeowners looking to become landlords. Cover all...
4 last-minute issues that could delay your closing
If you are about to purchase your dream home, keep in mind that both buyer and seller have extensive to-do lists to manage during the transaction. Here are four issues that could delay your closing including disasters that might occur at the 11th hour. 1. Cloud on the...
Understanding the purpose of closing costs
The financial aspect of buying and selling real estate in Florida encompasses several factors. Closing costs, in particular, reference the money required to cover various aspects of a transfer in homeownership. When buyers and sellers understand what closing costs...
How can you determine former owners used your property as a meth lab?
When you purchase residential real estate, you have to ensure the safety of the property. A common, unseen danger in some properties happens to be former meth labs. Most meth labs spring up in homes and other settings rather than in organized, super labs. According to...