If you are looking to become a real estate agent in Florida, it is imperative that you understand the fundamentals of a Florida Real Estate Contract.What is a Real Estate Contract ?A real estate contract, by definition, is a legally binding document between parties, that states the terms and conditions of the purchase and sale of real property. A real estate contract is also known as a real estate purchase and sale agreement, and standardized documents that have been approved by the Florida Association of Realtors and the Florida Bar, are generally used.A Florida Real Estate Contract must be in writing [...]
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Property management is the operation, control, and oversight of real estate .It encompasses all aspects of running an income property, from finding and screening tenants to maintaining the property, collecting rent, and handling any issues that arise.Property Manager in FloridaA property manager or estate manager is a person or firm charged with operating a real estate property for a fee, when the owner is unable to personally attend to such details, or is not interested in doing so. The property may be individual title owned or it may be owned under sectional title, share block company owned and may be registered [...]
Creating a real estate business plan may seem like a daunting task, but it does not need to be complicated, or overly time-consuming. You can create your own real estate business plan in just a few simple steps. Why do you need a real estate business plan?Creating a strong real estate business plan will help you identify areas of business that you can improve upon, and opportunities that you can take advantage of, in order to grow your real estate business. By developing your plan, you can keep yourself motivated and focused on achieving your goals and developing a successful career [...]
Florida taxes are complex, just as they are in any other state. The real estate taxes that you pay on a home can vary widely depending on what city and what county you are buying the home in.However, in this article, we take a look at how residents of the Sunshine State are affected by income tax, sales tax, property tax, intangible tax and other government levies. Why the difference in Florida Real Estate taxes? There are several factors which affect the size of your property tax bill, but the main thing is that the taxes will usually be higher in [...]
TITLE (PROPERTY)Title is a legal term for a bundle of rights in a piece of property in which a party may own either a legal interest or an equitable interest . The rights in the bundle may be separated and held bydifferent parties. It may also refer to a formal document that serves as evidence of ownership . Conveyance of the document may be required in order to transfer ownership in the property to another person. Title is distinct from possession , a right that often accompanies ownership but is not necessarily sufficient to prove it. In many cases, both possession [...]
Making the Most of Your Market OpportunitiesIt's certainly a different market than we saw a year or two ago isn't it? The buyers are out in force and agents are now fast and furiously competing to both find and market new listing inventory. If EVERthere's been a time where listings are the name of the game? It's right now.Let's look at four tips and tools you can use to position yourself as the go-to agent for listings in your market.1. Systematically Work for Sale By Owners and Expired listings.Send them something. Get voice-to-voice. Go see them. Since they're already motivated sellers-make [...]
If you're preparing to place your home on the market, it's inevitable that you'll need a couple of minor repairs and slight improvements before your broker can drive a "For Sale" sign into your front yard. Practical and aesthetic projects like a fresh coat of paint drain neither time nor money and can make your home more attractive while perhaps speeding your sale.But what if a larger item needs repair, something which doesn't jeopardize anyone's health or safety—a problem of the "out of sight, out of mind" variety. Should you simply disclose it and leave the buyer to deal with the [...]
If you're entering into the real estate market for the first time, you'll hear the old adage: location, location, location. That's three of the key factors... I'm kidding but, location is, indeed, a very important concern.However, many buyers think location is most important because of the surrounding area. So, if the neighborhood is nice, with parks, good schools, retail stores nearby, and somewhat close to freeways, it's a good location. But what also makes it a good location is how close it is to your work.These days many people are telecommuting, which allows them to work from home and save gas. [...]
Some myths take on a life of their own. Not only do they refuse to die, but also they grow and expand. Recently, it has come to our attention that this seems to be true of what we might call the real estatemyth of prohibited language. Like most myths, it began in a truth. The truth was, and is, that Section 804(c) of the Fair Housing Act "prohibits the making, printing, and publishing of advertisements whichstate a preference, limitation or discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin." The prohibition applies both to publishers, [...]
If you’re shopping for a home and can afford to buy one, you couldn’t be in a better position right now. In many parts of the country, housing inventory is high and both home prices and interest rates are low and as a buyer, you can take advantage of that.With so many properties on the market, you can probably take a more leisurely approach to house hunting without getting into a fast-paced bidding war. There is a caveat, however. The best homes priced properly for the market conditions will always be in higher demand. As you begin your search for the [...]