Property valuations can pose a number of potential conflicts, and sometimes parties end up disagreeing on the value of a property. There can be several reasons why these conflicts occur including accidental errors, fraud, and confusion of laws. Accidental Errors On occasion, people will disagree about the value of a property due to an inadvertent error in calculating the value. For example, the ...
Renting a property can leave some things ambiguous as to whether your landlord is responsible for repairing broken or malfunctioning appliances or other parts of your home. If you are living in a rental property, repairs are typically the responsibility of the landlord. There are times, however, when the cost of a repair could fall on you. There should be details in your lease that determine what ...
In Florida, there are strict laws that govern when and under what circumstances a landlord can evict a tenant. In general, there are certain procedures that a landlord must follow before they can legally evict someone. What must happen before an eviction? Before an eviction, the following steps must be completed: Written notice to vacate provided to the tenant Service of a complaint and summons ...
There was a time when I attended some pretty good schools. I know now that most of the “students” were there without any clear idea why. Mom and Dad sometimes had no idea how uninterested those kids really were. But three months after graduation I had the honor to sit in the best school I’d ever seen, in classes filled with young men who had orders to go to war. Most didn’t end up going. Some did. ...
First a disclaimer. I can’t dance. I know there’s supposed to be a relationship between the music and whatever is happening on the dance floor, but I make excuses by telling people I’m just hearing different music. The truth is that sometimes I hear no music at all. We all like to follow what others have done. Much of real estate is following a form someone else prepared. Deeds, notes, and ...
Buying and selling a home, for most, is typically the most expensive transaction they will ever be involved in. Therefore, you will want to make sure this process goes smoothly from start to finish. While a real estate agent can assist you in buying or selling your home, you have to keep in mind that they are not attorneys and lack some of the special skills, knowledge, and experience you could ...
I oftentimes hear folks express their frustration with home ownership. They dream about owning a condominium where they will have little maintenance responsibility and a condominium association looking after the community. When you have a responsible Board of Directors, a professional association manager, and the association providing insurance covering the exterior of the building, what could ...
This article first started where the last one left off. That one told of a bank-owned repossession, a commercial lot, burdened by a billboard easement. The person buying was new to the English language, and didn’t know that the easement, which I called a “blanket easement” prevented use of the entire property. My first approach to a fix is to say to Realtors and closing agents, when presented with ...
Regardless of what you think about a reverse mortgage, there is one thing you should consider if you’re weighing that option. I’ve never seen it discussed, but for this article I’ll call it the “cross-over point.” That’s the date on which the amount you owe on your mortgage will equal the value of your house. Put in real numbers, if you own a home worth $200,000 and you put a $150,000 reverse ...
One of the most tedious things to deal with is a stubborn landlord or a stubborn tenant, depending on which side of the fence you’re sitting on. When a tenant or a landlord doesn't comply in a real estate dispute, it might be time to bring in a lawyer. Before the case goes to trial, an attorney can help you agree on a dispute and create a written rental agreement holding both parties to their ...
By now you have noticed a didactic pattern in these articles: I try to leave you with a little something that will add to your day if your day has anything to do with real estate. This article is no different. The way I get property insurance is by calling my insurance agent and saying something like… “this is the property, give me your best price…(after a pause) please.” I might then hint that ...
The Finest on the Okaloosa County Award is a prestigious ranking system for all of the best businesses in Emerald Coast, FL—and we at Chesser & Barr, P.A. are incredibly proud to have won Silver out of the law firms in this year’s contest! We take this accolade seriously, and it is thanks to our hard work, dedication, and passion that we owe this great accomplishment. Since this award is ...
Real estate development is a complicated, multi-step process that can take years. From the initial planning stage through completion, those who wish to turn an old building or piece of property into a good investment can encounter plenty of obstacles along the way. Development projects can provide people with the opportunity to deliver a new product that doesn’t currently exist into a market, ...
Unlike other states, Florida offers significant financial benefits to homeowners who choose to live in the state permanently, through a real estate provision known as homestead exemption. Learn more about homestead exemptions and if you qualify by reading below. What Is a Homestead Exemption? A homeowner in Florida can file for a homestead exemption worth up to $50,000. This exemption reduces the ...
Ladies, I feel your pain. Before you married your spouse, you checked him out. You knew what a great deal you were getting. Then, over years, you discovered that your “great deal” takes entirely too much time in the bathroom, seldom cleans up his space, and drinks like your gas tank. Part of the pain is that there isn’t much you can do about your misjudgment. He might even have had all those ...
What a wonderful time of year! The air is crisp. Sunsets are gorgeous. Friends gather to celebrate the holidays. And the election is over. It is my favorite time of year for an evening stroll through my neighborhood adjacent to Interstate 10. This season, one particular sign repeatedly catches my eye: a red speech balloon that screams “GREAT TIME TO BUY!” I asked the listing agent Casey Owens of ...
Property valuations can pose a number of potential conflicts, and sometimes parties end up disagreeing on the value of a property. There can be several reasons why these conflicts occur including accidental errors, fraud, and confusion of laws. Accidental Errors On occasion, people will disagree about the value of a property due to an inadvertent error in calculating the value. For example, the ...