The Legal Side of House Flipping in Florida
House flipping is a strategy in which an investor purchases real estate and improves it to sell it at a higher price, usually within a few months. Popular television shows often glamorize this profession and inflate the potential profits, leaving many people chasing unrealistic dreams. However, when done right, house flipping or...
The Basics of Summary Administration
For many families, summary administration in Florida can speed up and simplify the probate process following a loved one’s death. Here is what you need to know about summary administration and when it may be an available option for you.
What Is Summary Administration?
How to Take Care of a Florida Home During Probate
Many Florida estates include primary residences, vacation homes, vacant land, or other types of real estate. Many times, these estates must go through the probate process, which can be long and complicated. Heirs need to protect the estate’s assets during this process to protect their inheritance. Here are some responsibilities to...
Pros and Cons of Quitclaim Deeds
Quitclaim deeds are legal documents that property owners use to transfer property to someone else. However, unlike with a typical warranty deed in which the seller guarantees they legally own the property and the property is free and clear of all liens, there are no guarantees with quitclaim deeds. The grantor...
Key Terms in Real Estate Contracts
Real estate is one of the most valuable investments you can make, which is why it is required that contracts concerning real estate be put in writing. However, the terms used in these contracts can be confusing. Additionally, certain terms are required to be included in Florida real estate contracts.
How to Handle Real Estate in a Florida Probate Case
Real estate is often one of the most highly valued and complex assets that may has to be administered during the probate process. Understanding Florida’s intricate rules surrounding real estate and probate is essential to properly probating real property in Florida. Here is what you need to know about handling real...
Is a Lawyer Required When Investing in Florida Real Estate?
Florida’s real estate market continues to be one of the hottest in the country. In fact, the Sunshine State had three cities on this list of top ten real estate markets last year.
This influx of jobs, people and growth in Florida has many people asking whether they...
How to Transfer a Florida Homestead Property During Probate
A Florida homestead property (i.e., your primary residence) is considered a non-probate asset because the Florida constitution controls how homestead property is distributed. However, in order to convey clear title to a buyer or to refinance the property, Florida homestead must go through the probate process if the sole owner on...
Which Assets Go Through Probate?
Probate can be a long and expensive process, but some of the factors that determine how long probate will take in Florida are the type and amount of assets that your loved one left behind. Estates that have limited assets may qualify for summary administration, a less expensive and faster...
What is the Best Way to Transfer Florida Property to Your LLC or Corporation?
Individuals seeking to transfer their Florida property to their limited liability company (LLC) or corporation have a few options. The one that works best for you will depend on your current situation and goals. Owning real estate in a properly formed and maintained LLC or corporation is preferable for many people because...