Mon Jan 16, 2023 on Florida Real Estate
With the housing market cooling down due to rising interest rates and high home prices, many homebuyers are experiencing a change of heart and “buyer’s regret” after signing a real estate contract. The question is, how can a home purchaser legally and effectively back out of the real estate contract? Navigating Real Estate Contingencies As a homebuyer, you have certain periods […]
Thu Jan 5, 2023 on Florida Real Estate
After the horrific collapse of the Champlain Towers in Surfside, the Governor signed into law that structural inspections are required of most condos over 30 years old, or 25 years old if located within three miles of the coast. Reports of these inspections must be presented to condo owners, condo associations, and local municipalities. If the inspections show major structural […]
Tue Dec 27, 2022 on Florida Real Estate
According to a 2022 Census report, Florida now is the fastest-growing state for the first time since 1957 and the third largest state besides California and Texas. Florida’s population increased by 1.9% to 22,244,823 between 2021 and 2022. Since 1946, Florida’s percentage increase in population has fluctuated but remained positive. The advent of air conditioning in the 1950s brought increased […]
Tue Dec 13, 2022 on Blog & Florida Real Estate
Foreclosures and Loosening Credit: Reevaluating Risk In a perfect world, there would be no foreclosures, as people would have enough resources to make their monthly mortgages. We all can agree that the substantial number of foreclosures during the Great Recession was painful (some estimates indicate that 3.8 million homeowners lost their home to foreclosure from 2007 to 2010); however, the […]