Category Archives: residential real estate
Does a Seller Have to Disclose Problems With a House to the Buyer?
Historically the law when it came to buying or selling real estate was “let the buyer beware.” In other words, it was the buyer’s sole responsibility to learn about any potential defects in a house before closing. But in 1985, the Florida Supreme Court declared that “where the seller of a home knows of… Read More »
How an “Acceleration Clause” Can Affect Your Home Mortgage
For many Florida residents, a home mortgage is the biggest debt they will ever take on. A mortgage is not something to be entered into lightly. Most mortgages contain an “acceleration clause,” which means if you miss even one monthly payment, the lender can demand the entire balance outright. Miami Court Resets the Clock… Read More »
Selling Your Home With or Without a Real Estate Agent
Selling your home is a big undertaking. It is not as simple as posting a classified ad online and waiting for someone to show up at your door with a check. That is why many people choose to sell their home through a real estate agent—a licensed professional who assumes the responsibility of locating… Read More »
What Happens if a Homeowner Backs Out of a Sale at Closing?
A real estate closing represents the final stage in buying or selling a property. The closing is when the buyer presents the seller with a check for the purchase price and the seller signs a deed officially transferring ownership. And while most real estate closings are routine affairs, there are cases where one party… Read More »
Tiny Houses
There is a new and growing trend which started around 2012 for affordable and simplistic homeownership – tiny houses. These houses are generally between 100 and 500 square feet in size, and are often built on trailers, so the homeowners can move their houses with ease. With a growing number of Americans foregoing the… Read More »
What Details Must Be Disclosed When Buying a Home?
During the sale of the home, there are rules that govern what information is required to be shared with home buyers. Most laws require the disclosure of material facts about the home, which can include any structural issues, mold and mildew, the accurate total square footage of the home, and any other items that… Read More »
Home Buying and Residential Zoning Laws
Owning a home can be a rewarding experience. Many homeowners get satisfaction from knowing that their property is all theirs. It can also be rewarding to watch their interest in the property grow as they gain equity in the property through mortgage payments, rather than handing their money to a landlord each month. However,… Read More »
The Importance of Title Examinations and Title Insurance
The purchase of a new home can be both thrilling and stressful. Excitement about your new home and plans for the future can also be accompanied by fear about potential defects or other hidden problems. Luckily, many potential issues with your new home can be discovered and addressed if you plan ahead. Conducting a… Read More »
Understanding the Importance of Home Inspections
Buying a new home can be a thrilling experience, especially for first-time home-buyers. The home buying process can be long and complex. Home buyers can expect numerous steps between them and their dream home – finding a realtor, viewing properties, making an offer, creating a contract, and eventually closing and moving into the new… Read More »
