When someone is buying a new home, one of their main questions is when they actually take over ownership. After all, buying a home can be a long process. They need to get pre-approval for a mortgage, conduct a home inspection, make a purchase offer, negotiate with the...
Real Estate Transactions
5 essential steps of a title search process you shouldn’t miss
Investing in real estate is a big move. One of the most important elements of any transaction is the title search. By properly conducting a thorough title search, you can uncover potential issues or liabilities associated with a property's ownership, better ensuring a...
It’s crucial to identify functional obsolescence in real estate
Whether you’re investing in residential or commercial real estate, you want that investment to become more valuable in the future – certainly not less. That’s why it’s crucial to look beyond what it has to offer now and determine, as much as possible, what the future...
Sunshine state savvy: Purchasing occupied commercial real estate
Florida continues to boast a thriving commercial landscape, making investing in income-producing properties an attractive option. But what if your dream building comes pre-packaged with business tenants? While established businesses offer immediate income and reduced...
What is cash-out refinancing and is it a wise move?
Refinancing your home or other property is not just to acquire more favorable loan terms than your current mortgage. Some forms of refinancing, such as cash-out refinancing, allow you to obtain a second loan, a possible boon if you want to improve your property. With...
When are there reasons to remove real estate contingencies?
In a real estate transaction, contingency clauses are often used. Consider loan contingencies. Someone may get preapproval for a $500,000 loan to purchase a commercial or residential property. But they have not gotten final approval yet, so they put a contingency...
Due diligence and commercial real estate: what you need to know
Investing in commercial real estate can be a wonderful decision when you are looking for passive income. Done right, you can set yourself up for recurring cash flow and long-term property appreciation among other benefits. However, real estate investment is a big deal...
Important elements to include in multi-family dwelling contracts
When purchasing a multi-family dwelling such as an apartment building or duplex, your purchase contract should contain clauses to protect your interests as the buyer. Unfortunately, many buyers are unfamiliar with the most important elements that they should include....
How crucial is a title search when buying a commercial property?
Florida has established itself as a hotspot for real estate investors. If you are interested in owning a piece of commercial real estate in the Sunshine State, however, it is important that you understand the legal intricacies that come with real estate transactions. ...
Why would you get rejected for a mortgage?
If you’re interested in buying a property but you don’t have the cash on hand, you may get a loan or a mortgage to make that purchase. You have to apply to the lender to see if they will approve you for a loan that is large enough to purchase the property you’re...