A letter from a homeowners association to a family in San Antonio made national news in mid-November. The letter directed the family to take down their Christmas decorations that they put up on November 1, asking, “please remove the snowman until closer to the holiday season.” The letter did not specify when would be a more appropriate date.
Investors are always looking for opportunities that have significant earning potential and a minimal amount of risk. With so many hot tech stocks or some other cutting-edge investment making the news, some have forgotten how lucrative and reliable real estate can be here in Boca Raton and the surrounding area. Reasons for this include the strength of the real estate market. Demand for new larger spaces is high, while smaller properties are still doing well.
Many who move down here to Florida experience many things for the first time. While it may not be at the top of the list, having a community or homeowner association as part of a new home in a planned community may an adjustment. Twenty percent of properties in the U.S. have these organizations attached to them, but that number skews much higher here in Florida. These organizations are designed to spare the owner of a single-family home, condominium or townhouse of certain obligations while also ensuring specific standards that members believe maintain quality of life and property values.
The laws regarding property transactions vary from state to state. While some states leave it up to the buyer to do their due diligence, either on their own or with help from inspectors and other professionals, Florida sellers must disclose any known defects. Based on a case from 1985, this law is not a new one, but many may not be aware of it.
The largest single transaction most Americans make involves the buying or selling of a home. This makes it essential to have the right real estate agent, particularly when the clients are snowbirds who live in other parts of the country for part of the year. According to Forbes, the number of real estate agents is forecasted to grow annually by 6% through 2026, which means there are going to be more choices.
Individuals or parties sign real estate contracts for leases of commercial spaces, buying or selling houses, providing subcontractor services and for other business transactions. Ideally, the sides honor the contract agreement and everyone is happy. However, this is not always the case and sometimes the law is even broken. The contract will have language to address a breach, but the reality of solving the issue may lead to different conclusions.
Homeowners' associations (HOAs) are quite common across Florida, and many people living in them enjoy the benefits of being a part of this type of community. Though, HOAs come with rules with which homeowners must comply.
Buying a house involves some amount of risk, no matter how much research you've done and how thorough your inspections were. After all, you can't know for sure about all the quirks and headaches with living in a home until you are actually living in the home.
If you fall in love with a home and want to buy it, it is important to know that you could run into some competition from other potential buyers. As such, you want to make your offer as attractive as possible.
Operating a business is demanding. Owners often have numerous responsibilities to juggle and goals to prioritize, and the fact is that few can do it alone. For instance, if you are looking for commercial property, you are likely focused on finding the space your business needs to be successful. You may not know the ins and outs of commercial leases or the terms of such agreements.