South Florida

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Financing If you're considering buying a home in south Florida, either as an investment, vacation home, or permanent residence, it's important to consider the terms and conditions of getting a mortgage loan. Many financial institutions offer mortgage loans, from local and national banks to online financial institutions and private lenders. Getting Approved for A Mortgage Loan With low mortgage...

It's the Foreign Investment in Real Property Tax Act of 1980. It is a tax law that applies to foreign persons who are disposing of U.S. property. Who does FIRPTA affect? FIRPTA affects all non-resident aliens and foreign companies not considered to be American corporations. From a taxation (tax return) standpoint, when a person who doesn't live in the United States or when a foreign corporation sells a...

1.Ignoring local legislation and not hiring the proper lawyer. Knowledge of local tax and real estate legislation will help you save time and money. For example, what do you do when one of the following occurs? ·  Payment is late ·  Breach of contract ·  Termination of Contract ·  Tenant disturbs neighbors Before proceeding with any legal eviction proceedings, you must comply...

For residential real estate transactions, the standard commission is 6% of the home's sale price, which is divided equally. Three percent goes to the buyer's agent and the other 3% to the seller's agent. For residential rent transactions, the standard commission is 10% of the value of the lease, or one month's rent. This commission is divided equally for each of the agents involved in the...

The following are the most important elements that every investor/buyer should know regarding this type of contract: 1. They are Unilateral Contracts. The developer drafts the contract and sets all the rules. The purchaser isn't entitled to make any changes. This is also known as a contract of adhesion. 2. Rescission Period. The buyer has fifteen (15) calendar days starting from the date the...

Insurance protects property against natural disasters and other eventualities. Unfortunately, insurance, regardless of the type, isn't really appreciated until it's needed. Therefore, the decision about having property insurance, health insurance, car insurance, maternity insurance, etc. depends on each person's risk tolerance. What Does Insurance Protect Against? There are different types of...

1. Set the Correct Rental Price · Your main income for rental properties is the rent you collect. Therefore, make sure you estimate and establish a fair and attractive price so that you can rent the property right away. · Take into consideration the comparable estimates that will give you the real rental value of your property. · When comparing estimates, pay attention to the...