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Daily Archives: April 26, 2022

Back-up Contracts: Short Rider, Lots of Questions

Florida RealtorsBy April 26, 2022

As a seller’s market persists throughout Florida, more buyers enter into back-up contracts. Although the back-up contract rider is short, a few questions regularly drive members to call Florida Realtors Legal Hotline.

Condo Insurers Flee Florida

Florida RealtorsBy April 26, 2022

Insurers that remain are raising prices after the tragic Surfside collapse. Condo associations able to get policy renewals may face 30% to 50% premium increases.

Tenant-Occupied Property: The Closing Process

Florida RealtorsBy April 26, 2022

Part three of a three-part series: Issues surrounding sales of property with tenancies. Part one covered taking a listing, part two the contract language. Issues can also rise regarding closing, however, including some specific concerns.

Condo Q&A: Does Fla. Law Require Competitive Bids?

Florida RealtorsBy April 26, 2022

Short answer: It does under some circumstances. Also: If an unexpected big expense comes up, can a condo board pay using money from its capital reserve and replace the funds later?

Multiple Offers Remain Prevalent This Spring

Florida RealtorsBy April 26, 2022

Survey: Buyer traffic continues to outpace supply. Realtors report about 5 offers were made on each home sold in March; 57% of buyers offered above list price.

Must I Push and Probe for Representation Info?

Florida RealtorsBy April 26, 2022

Dear Shannon: A listing Realtor told a buyer at their open house about another one of their listings that sounded ideal for them – and the Realtor honestly informed the buyer that waiting to tell their current Realtor might lose them the home. Why is that wrong?

Smart-Home Devices May Save on Home Insurance

Florida RealtorsBy April 26, 2022

Many insurers offer discounts – some up to 13% – to homeowners with smart-home devices designed to prevent water damage, fire or theft.

Housing Shortage, Rents Squeeze College Students

Florida RealtorsBy April 26, 2022

Rising rents, not enough student housing being built and other increasing college costs are causing “a perfect storm” for students in Fla. and other states.

More Buyers Compromise to Find a Suitable Home

Florida RealtorsBy April 26, 2022

Report: 80% of buyers say they now compromise on key features; the most common centers around costs, with 48% paying more than they first expected.

Use Your CRM to Close More Transactions

Florida RealtorsBy April 26, 2022

Agents can organize their contacts in their client relationship management tool, generate quality leads and schedule, send and track multiple email campaigns.

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