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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....
A quiet title, or an action of quiet title, is a lawsuit or circuit court action filed to confirm the title to a property. These court actions are common in cases where there is confusion about the integrity and details of a title and the lawsuit is generally intended...
Before selling a property, an inspection may be necessary. Oftentimes, potential buyers will use a contingency clause stipulating that they are not required to go through with the purchase unless the property passes inspection. That inspection can also have an impact...
Real estate agents help people list their properties for sale and also guide those seeking to make a purchase through the home search and offer process. Agents have a lot of responsibility and have to provide support to those going through the sometimes emotional...
Those purchasing real property in Florida are typically eager to get the keys and take possession of their new homes. Those first days of cleaning and customizing a space while moving in personal possessions are what turn a specific property into someone's home....
Florida's real estate market is dynamic. Buying and selling properties necessitates a detailed understanding of the legalities involves. Everyone should understand the contracts at issue in transactions because these contracts can have considerable impacts on the...