South Florida Law Blog

If you are a homebuyer seeking a mortgage and the house you contract for appraises for less than the actual contract price, you need to fully evaluate whether to waive the so-called appraisal gap. Waivers of appraisal typically occur in high demand real estate markets, where there are more buyers seeking homes than sellers listing their homes. As a result, […]

Are you a seller willing to provide a mortgage to a prospective home purchaser? Or, are you a residential home purchaser able to purchase a home for full price or even a higher offer and seek alternative financing? There is an uptick in seller financing for both parties due to the increase in interest rates to date and lenders becoming […]

While there still are residential home buyers waiting to buy until mortgage rates lower and with home appreciation prices slowing, there are nevertheless opportunities for homebuyers in the new construction market. Why? High construction costs, rising interest rates, inflation, and buyer concerns concerning job security all pose challenges to builders, According to the National Association of Home Builders (the NAHB), […]

Commercial workspaces are evolving as more people split their time between home and office. As a result, there are innovative ideas as to how the future of commercial real estate will evolve in terms of rethinking office designs in order to not only accommodate a growing hybrid work force but also encourage workers to spend time at the office. Due […]

While mortgage rates are still well above the 3% range from a year ago, the average 30 year home loan rate has fallen a full percentage point for the high 7% in November, bringing new buyers into the housing market. In fact, mortgage applications are up reportedly by a quarter since the end of last year, and Redfin reports that […]

Homebuyers, now more than ever, are buying homes which come with all of the furniture. While it was not unusual for second home or resort community homebuyers to purchase homes including the furniture, the pandemic has brought many homebuyers in general looking not to buy just a home but also its furnishings—even if the furnishings are not for sale. Why? […]

As more and more people search for affordable homes, housing start-ups such as Boxabl offer an alternative to “traditional” housing. Boxabl provides mass produced building construction for small ADUs (or Accessory Dwelling Units). For instance, their Casita product, a 375 ft ADU is delivered on a regular flatbed trailer, unfolded, and apparently set up as a complete home in two […]

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 […]