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Things to Consider Before Purchasing a Rental Property

  There are a number of reasons why purchasing rental property in Florida can be a wise idea. Like with many things involving finance, however, a buyer should understand some important details about purchasing property before deciding to do so. The information below review some of the important details that you should consider before purchasing a piece of rental property. Be Prepared to Perform Repairs Many property owners who only have a property or two discover that it is best to know how[...]

Reasons to Obtain Residential Property Surveys

  Home buyers in Florida are not required to survey residential property before closing on a new home. Despite this, it is often a good idea to perform an inspection to determine if one or more material issues exist that will have a detrimental effect on the value of a home. A survey lists all of the distinct characteristics about a home. In Florida, these surveys are performed by licensed surveyors. As part of survey creation, a licensed surveyor visits the property and records certain inf[...]

What Florida’s New Private Beach Ordinance Means for You

  Earlier in 2018, Governor Scott signed a bill into law that had a substantial impact on beachfront communities in Florida as well as businesses in the surrounding area. While the exact impact that this law will have on many pieces of Florida property is uncertain, some people have responded to the law as a significant limitation on the rights of property owners. The Basis of Florida Beach Access Ordinances Beach access ordinances in Florida are based on the legal principle of “customar[...]

What You Should Know About Fractional Investment

  Unfortunately, not everyone has the resources to independently fund real estate investment. To increase the number of people who are able to become involved in real estate investments, fractional investments were created, which allow several individuals to become involved in real estate projects. One of the effects of this new law has been that more people are now allowed to become involved with real estate projects. Many people, however, still have questions about how fractional investme[...]

What are Section 1031 Like-Kind Exchanges?

If you sell a piece of investment property, you will often be required to pay tax on it, as well. In situations in which a person then uses these gains to buy another piece of investment property, that person will likely be taxed a second time. Section 1031 of the tax code offers an investor the option to only pay taxes once on certain types of investment properties. Because Section 1031 can be particularly advantageous for investors, it is important for investors to understand how this section [...]

Reasons Real Estate Agents Suggest Remodeling

  Deciding to sell a house is never something that happens overnight. Changes in employment, financial circumstances, or family needs may all contribute to your desire to purchase a new home after selling your current one. Unfortunately, the news that you may need to make some changes to your beloved home may make the prospect of selling less appealing even after you have made up your mind. If you have been asked to update or remodel your home, it is important to know the reasons real esta[...]

Why Sellers Ignore Their Realtors’ Advice           

The real estate market has always fluctuated, with various issues impacting how economists view the strength of the real estate industry as a whole. In a recent study, several housing markets, including the Tampa-St. Petersburg market, were considered overvalued, meaning the prices were not sustainable long-term. This news has started to alarm both buyers and sellers, encouraging some to hurry forward with their real estate transactions. Buyers worry that they will have a harder time qualifying [...]

Tips for Purchasing a Short Sale Property

Purchasing a short sale listing gives buyers a unique opportunity to acquire an attractive home at a discounted rate. Unlike a foreclosure, most short sales have been occupied either right up to the sale or have only been unoccupied for a very short period of time. This reduces the chances of a buyer having to spend a great deal of money rehabbing a property and cutting into their potential profits. If you and your real estate clients are looking at short sale properties, here are a few tips tha[...]

Pre-Closing Checklist for Sellers

Over the past few years the Florida real estate market has fluctuated wildly, creating apprehension for both buyers and sellers. In 2017, the market experienced a strong rebound, making it possible for sellers to benefit from rising property values. Sellers who want to benefit from the pricing increase and slight inventory decrease are eager to list their properties, expecting a quick sale. Unfortunately, even in a seller-friendly market it is possible for a small oversight to sour or completely[...]

Tips for Managing Last Minute Disputes Between Buyers and Sellers

The process of buying and selling real estate is stressful, especially if the buyer and seller are not getting along. During a high stress transaction, it is not unusual for one or both parties to grow frustrated over a perceived error in a contract, miscommunication regarding repairs, or a dozen other small issues. Often real estate agents find themselves acting as mediators in an effort to get both parties to closing so that the sale can be completed. These tips for managing last minute disput[...]