The legal side of purchasing residential real estate is usually confusing to first-time or even second-time home buyers. The average buyer in Florida will read a purchase agreement from top to bottom and then sign it even if they do not fully understand what it says....
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Residential Real Estate
Listing your fixer-upper as-is won’t protect you from defect claims
Maybe you inherited your mother's house when she died, and it hasn't seen an update since the 70s. Perhaps you and your spouse bought a starter residence, only to achieve career success or become pregnant more quickly than you expected. When you have a property in...
3 risks you take when you buy via a contract for deed
Not everyone can qualify for a mortgage. They may run their own companies or have recently had a major blemish develop on their credit report. Those who cannot secure a traditional mortgage may consider buying the land contract or a “contract for deed.” Such contracts...
The role of curative work in a residential real estate sale
Buying a piece of residential real estate will be one of the biggest transactions of your life. You may spend as much as 30% of your monthly income on your mortgage. Obviously, you want to protect the income that you invest in your home from unnecessary losses....
Why you should avoid a self-help eviction as a landlord
It can be frustrating when your tenant violates the terms of your lease, including keeping your rental unit unclean or falling in arrears on their payments. You may feel inclined to take matters into your own hands and usher your tenant out the door. Know that...
What should you do if your neighbor’s addition is on your property?
You spoke to your neighbor when they started to build a new deck on their property. You told them that it looked like it was pretty close to your boundary line and asked if they had someone come to check the boundary. They said they’d have someone come out, but they...
How do you sell a property when your tenant is in it?
If you own a house or condo that someone is renting, you can’t just sell it if you decide to leave the area, get tired of being a landlord or get an offer for the property you can’t refuse. If you and your tenant have a lease rather than a month-to-month rental...
Homeowners’ rights in communities managed by a homeowners association (HOA)
HOA’s are organizations that make and enforce rules for properties and their residence. Once a property is purchased that is under HOA control, membership is automatic and owners are obligated to pay fees, or "HOA dues." Dealing with an HOA can be a great...
What to know about procuring cause and earning commission
Many realtors love to help buyers find their dream homes. They enjoy connecting with people and aiding them in one of the biggest purchases of their lives. Realtors also spend a lot of time helping home sellers sell their home and move on to something new. In the...
What if your dream home is a lemon?
In an ideal world, your home inspector will have caught all the warning signs and compiled a comprehensive, accurate idea of what you're getting. Home inspectors are far from infallible, but they will find the most pertinent concerns. Of greater concern, however,...