Upon the sale of real property, additional costs may be required by the buyer and/or seller in the form of Closing Costs. For buyers in South Florida, it can be as much as 2-5% of the purchase price. To name a few, the following is a list of known major Closing Cost items typically charged to the Buyer and/or Seller. Attorney fees, Abstract Charges, Hazard/Flood Insurance, Real Estate Taxes, Settlement Fees, Title Insurance, Prepaid Interest & Escrow, Real Estate Commission,

Finding that one home-buyer who cannot resist buying your home at the highest price possible is the goal of any home seller. Taking care of the details that make that happen is imperative. Here's a few items to consider to set you up for success! 1) Get a professional CMA (Market Analysis) from a Real Estate Professional that can give you an idea of how much is your home worth in this market. Having a professional help you sell your home is the first step to succeed. Overpric

During a Real Estate Transaction you will be required to sign contracts that might use a bit of industry jargon. Ideally you will consult with your Real Estate Attorney to make sure the contract you're signing is in your best interest. At the minimum you should become familiar with the following terms so you can be more confident with understating and signing at settlement. Appraisal: Process in which a 3rd party called an appraiser, comes in and estimates the value of the pr

The owner's Title Insurance Policy protects you from defects that might exist in the Title prior to the issue date of the policy. Such defects might include the following: 1. Errors in public records 2. Unknown Liens 3. Missing Heirs 4 .Forgeries 5. Survey or boundary issues The insurance pays for the defense of any claim and/or lawsuit attacking the title as insured, and will either clear up the title problems or pay the insured's losses. For a one-time premium, the Owner's

Here's a couple of factors to keep in mind when listing your property for sale: 1. Small repairs and improvements Look for items that can increase value for a low cost. Simple upgrades such as window repairs, polishing the doorknobs, and a fresh coat of paint as needed will instantly brighten up the property. If you have carpets, make sure to have them cleaned, it makes a significant impact on buyers for a small investment. 2.Curb Appeal Keeping your landscape in shape, a

When looking to buy a home for investment, many times a property that is rundown will obviously create more work, but potentially a greater return. At the same time the state of the house may be hiding other problems. It is very important to get a building inspection done. You should always get three quotes for all projects and carefully research contractors’ reputation and references. When remodeling, it is important to know what buyers look for in your area and prioritize a