Category Archives: Real Estate
In Florida, Nationality May Bar Property Ownership
In general, U.S. law does not discriminate in the matter of real estate ownership, as long as the Office of Federal Asset Control (OFAC) does not object to the purchase or sale. However, the state of Florida passed a law in May 2023 that restricted the right of certain foreign nationals to own property… Read More »
Can One Ever Back Out Of A Real Estate Contract?
Like any other contract, real estate purchase agreements are usually set in stone once signed. However, if circumstances in your life change before the contract is signed, you may be able to escape with minimal damage to your personal finances, whether buying or selling. Florida law is generally even-handed with regard to favoring the… Read More »
Will AirBNB’s “Revenue Collapse” Help The Florida Home Market?
A recent report from Newsweek conjured rumors of a “revenue collapse” for AirBNB, though as of this writing the company disputes the allegation. Data obtained from AllTheRooms.com by Reventure Consulting, a home-buying advice firm, estimates as much as a 35 percent drop in revenue for properties in cities across the United States, including some… Read More »
Several New Bills Signed In FL Legislative Session
The Florida Legislature ended its most recent session on May 5, 2023. During that time, quite a few bills concerning the real estate market in Florida were debated and signed into law. Given the constant ebb and flow of Florida’s real estate market, particularly as the seasons change, it is extremely important for potential… Read More »
Florida’s Real Estate Disclosure Laws
When a person is selling their home, they must make certain disclosures to a prospective buyer, or run the risk of the sale being derailed. Under Florida law, there are a host of different factors that must be addressed by a seller before they can transfer an unencumbered title to a buyer. Failure to… Read More »
Farmers Insurance Pauses New Homeowner Policies In Florida
When a person is seeking to buy a new piece of property, one of the things they should make certain to have is homeowners’ insurance, particularly in a hurricane-prone area like Pinellas or Sarasota County. However, as of mid-June 2023, there are fewer and fewer options for homeowners, as “15 companies [have decided] to… Read More »
Partition Of Real Property Before Sale In Florida
In this day and age, it is becoming more and more common for Floridians to co-own property with other people – usually spouses or family members. While this is a good way to keep property in the family, it is important to be aware that in most cases, the sale of the property requires… Read More »
Selling Your Homestead In Florida
Under Florida law, a person may designate their primary residence as their ‘homestead,’ which conveys a number of financial protections, including an exemption from property taxes (up to a certain price point). When one is attempting to sell their homestead, however, it can raise questions that need to be answered before pulling the proverbial… Read More »
Tips For First-Time Florida Real Estate Investors
The real estate market in Florida has been the making of countless millionaires for many years, and the number of investors who seek to make their fortune there never seems to diminish. For the first-time investor, however, success can seem impossible given the speed at which the market moves. Consulting an experienced real estate… Read More »
Dealing With Joint Tenancy In Florida Real Estate Transactions
There are several different ways to own property in Florida, and it is very common for more than one person to have a share in a piece of real property. That said, having multiple owners can lead to complications in the event of a real estate sale. If you are interested in purchasing a… Read More »