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What Are Your Options If Your Real Estate Deal Goes Sour?

Once a real estate contract is signed, everyone hopes the deal will end with a buyer getting the keys to their beautiful new home and the seller walking away with a profitable check. Occasionally, however, a deal falls apart after the contract is signed. Maybe the buyer’s financing doesn’t come through, or the appraisal comes

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Homestead Exemptions for 2017–What You Must Do Now

With the end of the year rolling around, now is the time to set yourself up for a Florida homestead exemption for the next tax year.  Starting next year, this exemption gives permanent residents a deduction of  $50,000 from your home’s assessed value, as well as qualifying you for additional benefits. If you have lived

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Why a Lawyer Should Review Your Real Estate Contract

In Florida, it is often customary for a Realtor to make an offer without having a lawyer review the contract. I urge buyers and sellers to write “subject to my attorney’s review within 3 business days” into such a contract and then get it to a lawyer pronto. Too often, clients come to me with

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The Various Ways You Can Take Title In A Real Estate Transaction

Wondering how you might take title when you buy your new home? If you’re single or divorced, you’d obviously have sole ownership. But if you’re married or in a relationship, or have a living trust, there are several options. The exact language varies by state although the concepts are similar. In Florida, here are the

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What an Attorney Does That a Title Company Doesn’t

You’re about to purchase a new home or sell your old one, and you wonder whether you need an attorney or can “get away” using only a title company (as your Realtor may tell you). For little to no extra cost and much peace of mind, using an attorney to handle your closing usually makes

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Ask Gary Landau

  Question: I am selling my house “as is.” The buyers hired an inspector who found all kinds of needed repairs. Do I have to make them? Answer: A typical “as is” contract gives buyers the right to hire an inspector who must perform his inspection within a certain number of days from the contract’s signing.

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More of Your Real Estate Questions Answered

  Question: My mortgage broker tells me there are many mortgage options. How do I know which to choose? Answer: In recent years there has been an explosion in the number of mortgage types available. You must work with a lender or mortgage broker to determine the loan that is best for you; however, there are some

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Real Estate Questions Answered by Gary Landau

  Question: My real estate agent is urging me to use the title company she recommends. Is there a benefit – or a risk – in doing so? Answer:  Sometimes real estate agents push buyers to use a specific title company to handle the closing. Buyers often don’t know that many of these title companies are actually

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More Real Estate Questions Answered

  Question: My recent closing on a home I was buying was scheduled for 5:00 pm. At 4:00 pm when my bank was closing for the day, I still did not know how much money I needed to bring. I was unnerved and furious. Why couldn’t my closing agent get me a figure hours, or even

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Your Real Estate Questions Answered

    Question: I am selling my house and the closing is set for Friday afternoon. The buyers need to move out of their home Friday morning and want to move their things into my house before the closing.  Since we are closing that afternoon, it seems fine to me. Is there a downside? Answer: It is

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