When a seller includes “as is” in the purchase and sale agreement, they mean to sell the real estate property in its current state or condition. It does not mean there is anything wrong with the property. The seller adds this to a contract for convenience because they...
Month: October 2023
How can you weather the commercial real estate downturn
Commercial property owners have had a hard time over the past few years as demand for office space has dropped. Many businesses have closed, and others have sought to reduce the size of their premises due to increased running costs and less need for space due to more...
Title search: Protect your commercial real estate investment
Discovering a promising property can be the first step toward becoming a property owner. A suitable property often translates into a great investment. This is especially true when it is free of liabilities. As an aspiring investor, it's essential to educate yourself...
What should you know about condo conversions?
Condo conversion in Florida may be attractive for real estate investors. It involves taking an existing multi-family property, such as an apartment building, and converting it into individual condominium units that can be sold separately. Condo conversion isn't...
Why should you increase your title insurance coverage?
Title insurance offers a layer of financial protection when defects arise concerning the property's title, such as unresolved mortgages, liens and other legal action involving the land. Most property buyers treat it as another requirement usually included when closing...
How zoning laws can impact your real estate deal
If you're looking to purchase real estate for an investment, it's essential to be aware of the local zoning laws. They can affect the type of business or even the colors you can use to paint your building. Understanding these laws can help ensure you don't lose money...
What should a commercial lease include?
Commercial leases can be beneficial for all parties. The owner of the building can receive a regular income and the tenant can build their business on the premises. Nonetheless, commercial leases are only as effective as their terms and clauses. What should a...