What is a Contingent House? A contingent house refers to a property under contract with a buyer. Still, the sale is contingent upon certain conditions being met. In real estate, a contingency is a contractual condition that must be fulfilled for the sale to proceed. These conditions can vary but commonly include inspections, the buyer obtaining financing, or the successful resolution of title issues. A...
2023
Definition of Under Contract When a property is said to be "under contract" in real estate, a legally binding agreement has been made between the seller and the buyer. This agreement outlines the terms and conditions of the sale, including the purchase price, contingencies, and closing date. The property is no longer for sale and is taken off the market. The buyer and seller have agreed to enter...
Florida Real Estate Commission When selling a home, understanding the basics of real estate commission is crucial. Like many other states, real estate agents are typically compensated through a commission-based system in Florida. The agent's fees are only paid once the property is successfully sold. This post will explain everything you need about Florida real estate commission. However, for those...
Who Gets the House in a Divorce in Florida? When a couple decides to divorce in Florida, one of the most pressing questions is often who gets the house. The concept of exclusive use and possession of the marital home comes into play in these situations. Exclusive use and possession grants one spouse the right to live in the marital home. This is done typically until the divorce is finalized. There...
What is a Divorce? Divorce is a legal process that dissolves a marriage, with each partner legally recognized as separate individuals. During a divorce, many aspects need to be considered, including the division of assets. One of the most significant assets in a divorce is typically the family home. Selling a house during divorce can be complex and emotional, requiring careful navigation of legal,...
Overview of Selling Commercial Property By Owner Selling commercial property by owner can be a viable option for property owners looking to maximize their profits and have more control over the sales process by bypassing real estate brokers and agents. Property owners can directly engage with potential buyers, negotiate the sale price, and save on commission fees. However, it is crucial to be...
What is Inherited Property? Inherited property refers to the real estate or property passed down to an individual or group of beneficiaries after the original owner, often a deceased person, has passed away. This includes residential homes, commercial properties, land, or investment properties. Inheriting property can have various implications and responsibilities. These include potential tax...
Overview of rental property The sale of rental property can be a significant financial decision with various considerations to keep in mind. Whether you are a real estate investor looking to divest from an investment property or a homeowner looking to sell your primary residence. Understanding the process and potential financial implications is crucial. Several factors must be considered, from...
A Brief Overview of the Challenges and Benefits of Selling a Condo Fast Selling a condo fast can be complex and time-consuming. But for those looking to sell their property quickly, there are three options to consider. One of the main challenges is finding potential buyers specifically interested in purchasing condos. While there may be a high demand for single-family homes, the pool of potential...
Selling commercial real estate can be hard, especially considering the hefty commissions of hiring a realtor. However, you don't necessarily need a realtor to sell your property successfully. In fact, by utilizing the right tools and strategies, you can sell your commercial real estate privately, saving thousands in commissions. This guide will walk you through selling commercial real estate without a...