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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...
When the real estate market is competitive, buyers often have to make concessions. They may pay more for a property or commit to the transaction without contingencies so that the seller selects their offer over others. In some cases, they might even agree to complete...
The residential real estate market in Florida has become very competitive and expensive. Many families that would like to own their own homes may find it cost-prohibitive to acquire a single-family home. Even with two working adults in the household, mortgage payments...
In Florida, the vacation rental market, including popular platforms like Airbnb, is subject to a complex set of state and local regulations. These laws are designed to ensure the safety and satisfaction of guests while balancing the interests of local communities and...
Recently a very interesting case was decided in Collier County regarding the NABOR As-Is contract. A buyer submitted a $2 million offer for four properties in Naples Park. However, the buyer improperly filled out the legal description and address of the properties on...
Some projects aimed at improving a residential property can be a smart investment because they increase the perceived market value for buyers. Other times, sellers have to make repairs because the mortgage company requires them or they have negotiated an arrangement...
Real estate agents are generally paid through commissions. When a home sells, a percentage of that sale price goes to the agent. This means that the agent has motivation to work hard to make a sale. It also means that people do not have to invest money in paying an...
The Florida legislature recently updated condominium and co-op laws and amended the building code regarding condominium structural inspections. As a result, the FR/BAR contract RIDER A for Condominiums now references TWO NEW DOCUMENTS which Buyers of resale condos...
Real estate professionals typically know how to spot glaring issues with a property after years of completing walkthroughs and estimating the fair market value of a property on behalf of their clients. However, outside inspections are still a critical step in many...
“What should I do if I have a listing that has unpermitted improvements?” It’s a question I get asked all the time. Realtors know to look out for unpermitted improvements, but it can be confusing about what to do in that situation to protect yourself and the Seller....