When the purchase involves stand alone property, meaning it is not a unit in a building, then the answer is almost always, “YES”. Note here that the survey might not […]
General
My Buyer doesn’t want to close and it’s the day before closing, what do I do?
Believe it or not this happens much more frequently than expected. It is the day before closing and the Buyer is all of a sudden stricken by terror about the […]
My Buyer/Seller is traveling and can’t attend closing, what do I do?
While closing is a very important event that parties to a contract should take very seriously, there are times when a Buyer or Seller simply can’t be physically available at […]
Who has authority to sign?
The simple answer is the title owner of a property or party listed as the purchaser under a contract. This can get more complicated when dealing with an entity. Here […]
What happens if the parties to a cancelled contract disagree as to who is entitled to the deposit? What is the escrow agent’s responsibility?
Nobody wants one of their contracts to cancel and even more so when the parties are in disagreement over who will receive the deposit monies. Unfortunately until the parties either […]
Requirements for use of Power of Attorney (POA) for Real Estate Transaction
The use of a power of attorney at closing can be very helpful if you have a customer that might travel a lot or that is planning to be out […]
Quit Claim Deed or Special Warranty Deed?
Like so many legal questions the immediate answer to this one is: “it depends.” Quit claim deeds are massively overused in Florida, often times for the incorrect reason where a […]
Life Estate Basics
A life estate is a form of ownership where a person (we will call this person “John”) owns a piece of property for their life and upon John’s death the […]
The Difference between Ad Valorem and Non-Ad Valorem Tax in Florida
These two terms combined are often referred to as “property tax”, however each of these taxes has a distinct purpose and varying periods to which they apply. Let’s get right […]
Discovering Damage at the Walkthrough Inspection
It can be very alarming when dealing with a situation at walk-through, even more so when all parties are present. The most important thing to do is to keep calm […]