Buying in Florida Archives - Page 4 of 6

Pending vs Under Contract can mean the same thing in states like New York, or they could reveal nuances about outstanding contingencies in states like Florida.

Pending vs Under Contract – What’s the Difference?

By Sonja Gosine, Spokesperson at Hauseit® / December 5, 2022

You might see a real estate for sale listing marked as Pending or Under Contract or even Active Under Contract. What's the difference? As we'll discuss in-depth in the following article, the answer actually depends quite a bit on which [...]

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You can submit an offer on a house in Florida by filling out a standard contract and sending it to the listing agent with your pre-approval letter.

How to Submit an Offer on a House in Florida

By Sonja Gosine, Spokesperson at Hauseit® / November 30, 2022

Home buyers in Florida typically submit an offer by filling out a standard template contract with the proposed offer terms, signing the contract and sending it to the listing agent along with proof of funds and a pre-approval letter if

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Acceptable Forms of Earnest Money

By Sonja Gosine, Spokesperson at Hauseit® / November 21, 2022

Acceptable forms of earnest money that home sellers might accept include personal checks, certified checks, ACH bank transfers and wire transfers. Cash is not a typically accepted form of earnest money, due to the difficulty in tracking and recording the

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Title insurance in Florida is paid by the seller in most counties. Buyers usually pay in Miami-Dade, Broward, Sarasota and Collier Counties.

Who Pays for Title Insurance in Florida?

By Sonja Gosine, Spokesperson at Hauseit® / September 14, 2022

Title insurance in Florida is paid by the seller in most Florida counties with the exception of Miami-Dade, Broward, Sarasota and Collier Counties where the buyer usually pays. Who pays for title insurance and title issuance costs is always negotiable

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Closing on a house remotely with a power of attorney, an online notary, wet and dry signatures vs a traditional closing & more.

Can You Close On a House Remotely?

By Sonja Gosine, Spokesperson at Hauseit® / June 13, 2022

Yes, you can close on a house remotely as closing documents can either be digitally signed or notarized via an online notary service. While most documents can be e-signed, some of the most important closing documents such as the deed

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One of the most important and unique aspects of due diligence are surveys when buying a house or townhouse. Out of possession issues & more.

Importance of Surveys When Buying a House

By Sonja Gosine, Spokesperson at Hauseit® / January 20, 2022

Doing a proper survey is one of the most important pieces of due diligence when buying free-standing property such as a house or townhouse. Buyers need to make sure that they're not encroaching on the municipality's or their neighbors' land

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Should you grant an extension? Does the seller still want to sell? What happens in a seller default, suing for specific performance & more.

Is There a Penalty for a Seller Not Closing on Time?

By Sonja Gosine, Spokesperson at Hauseit® / November 10, 2021

No, there is not a specific penalty for a seller for not closing on time. In all likelihood, assuming that all parties still want to close, the buyer will grant the seller an extension on the closing date which is

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How long until your security deposit gets returned in Florida? To-do's before you move-out, examples of normal wear & tear vs property damage.

Security Deposit Return in Florida

By Sonja Gosine, Spokesperson at Hauseit® / November 3, 2021

Florida law gives plenty of guidance on how and when the security deposit should be returned by the landlord to the tenant, and mechanisms for dispute resolution, but is silent on what constitutes "ordinary wear and tear" vs actual property

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How to calculate NOI and cap rates. Examples of eligible operating expenses. How capital expenditures are treated & more in this guide.

What Is NOI in Real Estate?

By Sonja Gosine, Spokesperson at Hauseit® / October 27, 2021

You'll often hear the term NOI mentioned by real estate investors, which stands for "net operating income," which is just a fancy term for an investment property's operating profit after expenses, not including non-cash expenses like depreciation. Similar to the

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Sample title commitment letters for all cash and financed condo purchases in Miami. Exceptions, requirements & more explained.

Sample Title Commitment for a Florida Home Purchase

By Sonja Gosine, Spokesperson at Hauseit® / September 16, 2021

We've included sample title commitment letters below for a hypothetical all cash condo purchase as well as a financed condo purchase in Miami, Florida. Notice how the title insurance commitment specifies exactly who and what is being insured, and how

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