Important Real Estate Terms Everyone Should Know
1. Association Fee / HOA fee - In addition to your mortgage, specific housing communities such as condos and townhomes have a monthly fee associated with maintaining the commons areas and amenities such as pools. 2. Payoff statement - It is a statement prepared by a lender providing a payoff quot...
How to Prevent Wire Fraud
Over the past few years, wire fraud has increased exponentially- threatening the security of real estate transactions by preying on victims who fall for their aggressive tactics. In 2017, according to the Miami Herald $969 million was "diverted or attempted to be diverted" from real estate purcha...
Tips for a Timely Closing
Quick turnaround time from contract to closing depends on accurate information. To help improve communication between all parties contact information for the Listing, Selling Agent, Buyers and Sellers is important. If there is an existing survey, please provide it to the title agent or if a new s...
What to Know About Home Surveys
Surveys for deals that involve lenders are required in order for the title company to issue a Florida Form 9 Endorsement. On the contrary, cash deals do not require a survey- it is at the discretion of the buyer. They typically range from $200 and up, depending on the company, time frame, lot siz...
Florida Homestead Exemption Filing Explained: Save Money On Property Taxes In Florida
Florida law allows homeowners to apply for homestead exemption by filing an application with the property appraiser where the they reside by March 1st. According to Florida law, January 1 of each year is the date on which permanent residence is determined. Florida's Constitution provides for an e...
Selling Your Mobile or Manufactured Home
I'm planning to sell my Mobile/Manufactured home, how do I identify my home? In order to properly transfer the title of the mobile/ manufactured to a new buyer, the current owner must first locate the Vehicle Identification Number (VIN). Please note, double and triple wide mobile/ manufacture...
Real Estate Terms for the First Time Home Buyer
Real Estate Terms that are good to know 1. Association Fee / HOA fee-- In addition to your mortgage, certain housing communities such as condos and townhomes have a monthly fee associated with maintaining the commons areas and amenities such as pools. 2. Payoff statement - It is a statement p...