During the homebuying process, one of the most complicated steps is closing the sale. You don't just offer money and expect to get a key right away. Instead, there are a series of things that have to happen for you to obtain the keys to your new home.
Coming to an agreement on the sale or purchase of a new home can be exhilarating and scary all at the same time. Deciding that it's time to enter the real estate market in Collier County, Florida, is not easy. You need to make an informed decision before putting pen to paper. You also need to know the types of contingencies that can be included in a real estate contract.
A recent study found that Florida is among the top three riskiest states for mortgage application fraud. That's according to the more current Mortgage Fraud Report from the global property information and analytics company CoreLogic. Moreover, Tampa Bay came in eighth among metro areas across the country for application fraud risk.
South Florida has the dubious distinction of being among the top three regions in the country when it comes to the rate of foreclosures — namely, the Miami-Fort Lauderdale-West Palm Beach metropolitan area.
Whether you're buying or selling a home, you'll be inundated with disclosures and other documents. Most of them are digitized now, so you won't have to sift through mounds of paper as you would have done decades ago. However, it's essential to read and understand them nonetheless.
Your family is growing, and it's time to buy a larger home. Your little sister is ready to stop paying rent and buy her first home. Yours is a perfect starter home for her.
South Florida has long been a winter destination for "snowbirds" from points north who prefer to bask in our sun and warmth rather than dodge snow drifts, icy sidewalks and sub-zero temperatures at home. According to a recently-released report by Realtor.com, that trend shows no signs of slowing down, and it's having a positive effect on real estate values.
When you decide to buy a home, it won't be long before you're dreaming of the day when you finally move in. However, before this can happen, you need to go through the closing process.
You're going to make an offer on a new house. It's an exciting time, and you're anxious to get it in writing before someone else makes a better offer.
As you begin to shop for your first home, it's only natural to focus some of your time and attention on the financial side of things. Like many, you turn your attention to the actual price of the property. You know how much you can afford to spend, and you do your best to stick with this number.