Buying a home is a big step for any Florida resident to take, so when the time comes to begin working out the purchase details of the property a buyer should do their homework to avoid future real estate contract disputes. There are a number of elements that must be present in a residential real estate contract, but readers of this post are reminded that its contents are not exhaustive. Individuals are strongly encouraged to speak with their trusted real estate attorneys about their pending real estate purchases and contracts to protect their rights.
As is the case in other parts of the country, our state abandoned the traditional principle, "let the buyer beware" when buying and selling single-family homes. Instead, a seller in West Palm Beach has a general obligation to disclose certain property defects to a buyer.
It is often said that a person's home is their castle. A home is a place where a Floridian feels safe and comfortable, where they raise their kids and live their lives, and where they toil to create a space that serves both their physical and emotional needs. A person's home is a special place, and when others threaten to disrupt the delicate balance that many create in their houses, significant real estate disputes can ensue.
Not everyone is able to or wants to buy a house. Property ownership comes with a host of responsibilities that some West Palm Beach residents would rather not carry. When a person is not in a position to purchase their own residence they may turn to a rental property in order to have a place to live.
Even though the sprawling landscapes of Florida residential properties may seem to seamlessly transition from one to the next, individual residential properties actually have their own boundaries. These boundaries may not be visible but based on land surveys and records a person can find close to or the exact location that their property ends and a neighbor's property begins.
It is often said that good fences make for good neighbors, and the old phrase suggests that boundaries are important for maintaining the relationships of people who must live in close proximity to each other. Unfortunately, though, some Floridians experience unwanted and unexpected intrusions into the enjoyment of their property when their neighbors' actions are disruptive.
Once a Florida resident decides that they want to build their own home or business space it can be difficult to slow down and fully understand the many requirements that must be met before a structure can be erected. Putting up a new edifice can be exciting and nothing may seem more boring than reviewing the mandatory permit and zoning regulations that dictate how buildings must be constructed and where they must be situated. However, it is in the interest of all parties who plan to put up new construction projects to take the time before their projects are underway to become knowledgeable about these and other important real estate rules.
Readers of this Florida business blog may notice that similar types of establishments are built together in certain locations throughout their communities. Homes tend to be built near other homes, stores and retail outlets near shops of similar stature, and industrial and agricultural facilities together in their own parts of town. This organization of similar structures is due in large part to local rules that govern zoning.
In even a relatively straightforward real estate transaction, the buyer and seller are far from the only people involved. There are real estate agents, bankers and others, all helping to make the deal go smoothly, and, not coincidentally, take a chunk of the proceeds. In larger real estate transactions, there are many parties involved, all with large stakes in the sale. With these more complex financial ties come more complex legal ties.
Zoning problems can throw a wrench into the plans an individual or organization has for a property. This can be seen in some news that has come up regarding Paisley Park, the studio complex of the deceased musician Prince.