The 2021 hurricane season began June 1, but water pipes can burst year-round. If an insurable event occurs in a condo, however, is it a unit owner’s job to pay or the association’s? It’s a simple question with a sometimes complicated answer.
Business days, calendar days, holidays? Deposits, inspections, repairs and automatic closing extensions? Contract timelines can still confuse members. Here are some of the top questions posed to Florida Realtors Legal Hotline.
Your exhausted seller received five offers in one day. Four are over asking price, but the last one offers $50,000 less, possibly making it a waste of time for an already exhausted seller. Must you still present it? Perhaps not – but only under very specific conditions.
The owners of multifamily properties who postponed mortgage payments – in exchange for not evicting residents – may be able to extend forbearance until fall.
“Every day, Realtors promote housing opportunities and help people realize their dreams of homeownership,” says 2021 Pres. Cheryl Lambert.
19 out of 20 builders face an appliance shortage, with 57% calling it a “serious shortage.” Lumber products hold the 2, 3 and 4 spots, with windows and doors at No. 5.
Florida Realtors economists: Where do most buyers come from? It’s no secret: Lots of people are on the move, and if you know they’re relocating locally or coming from afar, you can adjust your approach to client prospecting. To help, Florida Realtors’ research team studied moving patterns.
If children and grandchildren move back home after a financial setback, is “free rent” from Mom and Dad considered a gift that’s taxable by the IRS?
Has 14 months of mask wearing and social distancing changed business etiquette? It’s still too early to shake hands and elbow bumping is gimmicky, so just nod instead.
If Fannie Mae owns a homeowner’s loan and they make 80% or less of their area’s income, a loan refinance program debuting June 5 could save them over $100 per month.