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Buying and Selling Property
A group for anyone buying or selling a property who wants to do it without surprises.
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Alberto Zaltzberg
InformaciónWhat an owner's title policy covers that the lender's policy does not
What an owner's title policy covers that the lender's policy does not Two policies are issued at most closings and they protect two different people. Buyers routinely pay for one and assume it protects them. From the Adonait Digest. Full story: https://www.adonait.com/news/9701
Alberto Zaltzberg
InformaciónThe inspection period is the only leverage a buyer has, and it expires
The inspection period is the only leverage a buyer has, and it expires Florida's common residential contract sells the property as is, with a short window in which the buyer can walk for any reason at all. After that the deposit is at risk. From the Adonait Digest. Full story: https://www.adonait.com/news/9739
Alberto Zaltzberg
InformaciónFIRPTA: the 15% the buyer has to hold back when the seller is foreign
FIRPTA: the 15% the buyer has to hold back when the seller is foreign If the seller is a foreign person, the buyer is the one on the hook for withholding. Here is how it works and how the withholding gets reduced before closing. From the Adonait Digest. Full story: https://www.adonait.com/news/9700
Alberto Zaltzberg
DebateA position to debate: most pre-sale renovations never pay back, except paint and cleaning. You sell faster and better by fixing what an inspector will flag, not what looks good in a photo.
Alberto Zaltzberg
CasoA case: the inspection on a thirty-year-old house comes back with a roof at end of life, an old electrical panel and moisture in one bathroom. The seller will not move on price. Which of the three would make you walk, and which would you negotiate?