South Florida

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...

What is the inspection contingency clause? This is a clause that gives the buyer the right to inspect the property that he or she intends to buy, with the purpose of determining hidden damages or deficiencies that need repairs and may not have been seen during the day of the first visit to the property. Where is this clause stipulated? This clause is stipulated in the sales contract. The contract...

BuyingRentingLess freedom in movingFlexibility, possibility of moving easily from place-to-placeResponsible for all improvements and repairsNot responsible for major repairsPossibility of using the property for an unlimited periodIt allows renter to experience living in a residential area with no tiesSense of ownership, stability and communityLease renewals are up to the ownerPossible appreciation/gains,...

During the last decade, limited liability companies (LLC) have become a widely used option for acquiring real estate in the United States. Despite the benefits that LLCs offer, they’re not always the best way to carry out real estate transactions. For many investors, the cost of starting and maintaining a company as a means of preventing the effects of lawsuits isn't convenient for their financial...

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