Whenever someone transfers their ownership interest in real property to someone else, whether as a gift or via a purchase and sale transaction, they use some type of deed to effectuate the transfer. The person receiving the ownership interest is the property’s “grantee”. The person who transfers their ownership interest (i.e., title)...
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...
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...
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.
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...
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...
Homestead property in Florida is treated differently than most other real estate once the owner passes away. If your loved one has recently passed away and probate is in your future, you will likely need to know what the terms associated with a homestead property mean. Life tenants, remaindermen, life estate...
“Joint tenancy with rights of survivorship” is a form of property ownership where two or more people own property simultaneously. This type of joint ownership provides several benefits, but also has some disadvantages as well.
The primary reason property owners elect a joint tenancy form of ownership is for...
Deeds are central to every real estate transaction, whether it is a purchase, inheritance, or gift. Only a properly executed and recorded deed gives you title to a property in Florida, but not all deeds do this in the same way. A Quitclaim Deed is a very particular type of deed...
One thing that every property needs, from a starter home to a mixed-use development, is water and sewer service. In Miami-Dade County, this requires obtaining a written agreement from the Water and Sewer Department (WASD), which in turn entails providing a myriad of information and documents. Given the complexities of even the...
