There are so many things to be aware of when it comes to buying and selling real estate. One topic that most buyers and sellers are not experts on is the topic of permits. The lack of knowledge on this topic can cause challenges in the buying and/or selling process. Given the potential legal nature of this, getting attorney guidance is important. Below is some guidance shared from one of our area real estate attorney's, Don Ross, related to un-permitted work and how that is handled.
By now you’ve heard that Zillow’s “iBuying program goes from full speed to full stop,” in the words of CNN. They will stop buying homes through Zillow Offers for the rest of the year in order to work through the backlog of homes it has already bought. The “iBuyer” model used by Zillow and other real estate companies involves purchasing homes directly from sellers (at a low price), and then re-listing the properties (at a high price) after doing minor work. They then keep the value they created for themselves.
When someone you love passes, there are often many logistics details to sort through on top of the emotional mourning and adjustment that people face. Working through how to handle the loved ones financial commitments and personal/business assets and belongings often becomes the responsibility of others. The below article was written by Sam Saad, a local real estate attorney, to help agents who may be listing properties that are part of estates. I have modified the article slightly with Sam's permission to be appropriate for the general audience in order to provide some high-level considerations if you involved in home sale of a deceased family member.
Do you know about the new flood risk ratings and how they impact flood insurance? Naples Real Estate
Effective October 1st, there are new changes being implemented that affect flood insurance guidelines and costs. Are you familiar with the high-points of these changes? Matt Nance from Responsive Insurance has provided some a nice, high-level summary to give important insights on this change that is just around the corner.
In a sea of nearly 7,000 real estate agents in just Naples, Florida alone, how are you supposed to choose the right real estate agent for such an important life event. We'd like to share the top 10 reasons the Renee Hahn group might be the right fit for you.
In this hot market, many sellers are expecting a quick sale for top dollar. Unfortunately, that doesn't always happen for a variety of reasons. If your home isn't selling in a hot market here are some causes to reflect on and make any necessary adjustments to help shift the trending. Although you shouldn’t panic, you should start asking questions if you aren't getting any serious offers.
The home inspection process is an opportunity for discovery... to provide buyers insights about the condition of the home as a part of their home buying decision making. A study of 50,000 home inspections were analyzed and results summarized on RepairPricer.com. These are national findings and give you some insights into the more common findings.
FIRPTA? I know, that sounds like you should say excuse me after you say this out loud. Perhaps you have never heard of FIRTPA or perhaps you have but haven't a clue what it is or how it could possible relate to real estate. FIRPTA stands for The Foreign Investor Real Property Tax Act (FIRPTA) and requires non-residents to pay a 15% withholding tax on the sale of any U.S. Real Property Interest. Even if you are not a Foreign Investor you should be aware of what this is because it could impact you if you the person on the other side of a sale or purchase is.
COVID-19 has caused people to have to adapt to circumstances caused by this pandemic. For some, additional financial pressures may have arose causing them to think about their obligations and how to best manage them. This is a resource to explain some mortgage relief options.
Composing an offer for a home you are interested in purchasing has many components to be considered. Understanding the purpose of an earnest deposit helps you weight out how you want to utilize the earnest deposit as one spoke in the offer wheel.
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