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Category: Florida Real Estate

Home Purchaser’s Change of Mind: Can You Get Out of a Real Estate Contract?

Thu Jan 12, 2023 by on Florida Real Estate

Home Purchaser’s Change of Mind: Can You Get Out of a Real Estate Contract?

With increased interest rates and high home prices cooling the housing market, there are some homebuyers who have had a change of mind or “buyer’s regret” after executing a real estate contract. The question is how may a home purchaser get out of the real estate contract? Real Estate Contingencies Homebuyers have certain periods of time in which to get […]

Post Surfside Tragedy: Effects of New Condo Requirements

Post Surfside Tragedy: Effects of New Condo Requirements

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 […]

Florida: The Fastest Growing State and The Real Estate Market

Mon Dec 26, 2022 by on Florida Real Estate

Florida: The Fastest Growing State and The Real Estate Market

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 […]

Homeowner Benefit Agreements

Mon Dec 5, 2022 by on Florida Real Estate

Homeowner Benefit Agreements

Who Really Benefits? Homeowner Benefit Agreements are a type of controversial residential listing agreement between the homeowner and a real estate broker. For an upfront fee paid by the real estate broker to the homeowner, these agreements provide that the real estate broker will be the exclusive listing agent for the future sale of the homeowner’s property and shall be […]

The Housing Market Is Not as Bad as You May Think

Mon Nov 7, 2022 by on Florida Real Estate

The Housing Market Is Not as Bad as You May Think

With mortgage interest rates breaking 7% as the Federal Reserve attempts to quell inflation,  there is much “doom and gloom” news about the housing market. The National Association of Realtors report decreased home contracts falling for the fourth straight month in September, down 31% compared to last September.  A typical homebuyer in October paid 77% more on their loan per […]

Why are Sellers Reluctant to Sell?

Mon Oct 24, 2022 by on Florida Real Estate & Real Estate

Why are Sellers Reluctant to Sell?

With increased mortgage interest rates, many sellers are debating whether to sell their homes. These sellers face the same issue as many potential home buyers: pressure from rising interest rates. Why? Unless a seller obtains a cash buyer for their property, many home buyers may not be able to afford the home they wish because of increasing interest rates. In […]