Attorney and
Florida Real Estate Transactions
When you are
buying a property, you assume that the previous owner is up to date paying
their taxes, and that they do not owe for any past repairs (Mechanic’s Liens).
You may also
assume that they have closed all Opened Permits, Code Violations, etc.
Unfortunately, often this is not true, and this has led to horror stories for
countless amounts of buyers.
Most of
these nightmares could be traced back to the fact that not enough attention was
paid to details before presenting an Offer to Purchase. Once you close and the
property is transferred to you, you inherit all the existing problems, Liens,
Open Permits, etc.
There are
several reasons why it can be a good idea to retain an attorney in a real
estate transaction:
Legal expertise: An attorney can provide expert legal advice
and guidance throughout the real estate process. They can help you understand
your rights and responsibilities, as well as any legal issues that may arise
during the transaction.
Risk management: An attorney can help you identify and
mitigate potential risks associated with the transaction, such as title defects
or encumbrances on the property.
Negotiation: An attorney can help you negotiate the terms of
the transaction, including the purchase price, financing, and any
contingencies.
Documentation: An attorney can review and prepare the
necessary legal documents, such as the purchase and sale agreement, to ensure
that they are complete and accurate.
Closing: An attorney can assist with the closing process,
including reviewing and preparing closing documents, coordinating with the
closing agent, and ensuring that all necessary documents are properly executed.
How Much
will my Florida Home be worth in 5 years?
Going with a
conservative appreciation rate for Homes of 3.5% per year you can expect a $500K
Home to appreciate to:
5 years $594K
10 years
$706K
20 years $1 Million
Due to low interest rates
and other issues home values in Broward County FL increased by at least 20% in
2021, so as you can see this is a conservative estimate of future value, we
might get another interest rate decrease soon, we’ll have to wait to see how
the home market will react, it is impossible to predict the future, we can only
look back.
As you can
see the more home you can afford the better. This is not a guarantee it is only
an estimate.
Overall, retaining an attorney in a real estate transaction can help protect your interests and ensure a smooth and successful transaction.
Thank you for the trust placed in me,
Antonio Ortega LLC
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