Real Estate News
Thursday, May 28, 2020
A homeowner’s property insurance cost is based on a wide range of factors, including location, construction details and even the insurance company’s costs. Overall, however, a number of Fla. homeowners will see their coverage costs go up as some of those details change.
Thursday, May 28, 2020
A Realtor.com survey found that two-thirds of pet owners would even forego a dream home if it couldn’t easily accommodate their pets.
Thursday, May 28, 2020
Survey: Most buyers seem ready to move forward with deals. In general, more people feared COVID-19’s effect on society (61%) than how it might impact them.
Thursday, May 28, 2020
The expected drop still makes the industry pause, but NAR Economist Yun says “activity will rise as states reopen and more consumers feel comfortable about homebuying.”
Thursday, May 28, 2020
A state appeals court ruled that a Florida homeowner’s residence retained its homestead protection even if the late owner rented out three of the four bedrooms.
Thursday, May 28, 2020
At 3.15%, the median 30-year, fixed-rate mortgage set another record. It’s down from last week’s 3.24% and the lowest since Freddie Mac started tracking in 1971.
Wednesday, May 27, 2020
Noting an “increase in violations and tempers” during the COVID-19 pandemic, a condo board wants to boost its enforcement powers and fine unit owners who break the rules. But details count. Any new enforcement process might create more problems than it solves.
Wednesday, May 27, 2020
Lawsuits cost a ton of money even if you prevail, and aggressive lawyers are filing lawsuits against property managers and landlords that ban all rental candidates with a criminal history. It’s not strictly illegal, but a HUD statement says it likely violates the Fair Housing Act.
Wednesday, May 27, 2020
Realtor A’s listing excited Realtor B – just what his clients want. But after Realtor B scheduled a showing, he said the commission in the MLS wasn’t high enough. After failing to convince Realtor A, he then included a higher commission in the contract. That’s wrong – right?
Wednesday, May 27, 2020
The goal in a transaction is to proceed smoothly to closing. Speedbumps occasionally arise – but don’t create speedbumps on your own. A smooth process starts with careful attention to the contract, filling in all necessary blanks, and checking all appropriate boxes.
Wednesday, May 27, 2020
It’s vital to review all advertisements, MLS entries and public-facing messages to make sure they comply with the Fair Housing Act and related laws that exist at all levels – local, state and federal. Realtors have been sued over accidental mistakes in the past.
Wednesday, May 27, 2020
Some tenants can’t cover all their expenses right now, and a few landlords are giving them a reason to make “pay the rent” a higher priority as they make hard decisions.
Wednesday, May 27, 2020
Most lenders admit to mass confusion when new forbearance options came out; ones that both service and/or own loans could offer borrowers completely different options.
Wednesday, May 27, 2020
Fla.’s disaster managers modified hurricane plans for evacuations, shelters and relief crews. More people, for example, may be encouraged to stay home during the storm.