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A real estate closing is a meeting that is a long time in the making. Sellers may accept offers weeks or more than a month before a closing is possible. Inspections, title research and other elements of the real estate transaction can take quite some time to complete....
One of the most important documents in a commercial real estate purchase isn’t a contract or other agreement. It’s not even a legal document – nor is it binding. It’s a letter of intent (LOI). Writing an LOI is one of the first steps in purchasing a commercial...
Autumn on Florida's west coast brings unique dynamics to the real estate market. As year-end approaches, both buyers and sellers are eager to close deals quickly, leading to a flurry of activity. Still, real estate transactions are major transactions involving...
There are many professionals who can provide assistance during a real estate transaction. Many buyers and sellers immediately start looking for a real estate agent to assist them. They may also rely on a local title company to both prepare for the transaction and...
Once again, the Florida courts have interpreted the FRBAR contract and made it clear that having a well-trained Realtor® and expert attorney makes all the difference in closing your transaction. In a new case, O’Donnell v. Lee, (5th DCA, June 5, 2024), the District...
Real estate agents have a duty to act in the best interests of their clients. Fulfilling that duty often involves trying to get as much as possible and helping them sell a home. In some cases, depending on how an agent structures their charges, maximizing the sale...
A 1031 exchange allows real estate investors to defer paying capital gains taxes when they sell a property. There’s a condition that they must reinvest the proceeds into another "like-kind" property. Essentially, this is a swap of one investment property for another,...
A title search is a necessary part of a residential real estate transaction. Particularly when there is a mortgage involved, title insurance policies are mandatory. Before the transaction takes place, it is first necessary to review the title record for the property...
When a homebuyer or seller backs out of a sale contract, the consequences can vary based on the contract terms and the specific circumstances of the withdrawal. Real estate contracts are legally binding, so backing out can have several legal and financial...
Selling a home is a process fraught with risk. Not every buyer necessarily comes to the table with a good faith intention to complete a transaction. A transaction that falls through could lead to relisting the property and other expensive challenges for the seller....