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Real Estate

Brevard County Real Estate Market Shows Mixed Performance in Q1 2023

Brevard County closed sales fell 9.9% in Q1 2023, yet the median single-family price rose 3.2% to $350,000 and townhouse and condo prices gained 8.5% while inventory supply roughly tripled.

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Real Estate

Florida Homebuyers Beware: 10 Tips for Identifying Common Home Defects

Structural damage, water intrusion, mold, wiring and plumbing problems are common in Florida homes. A licensed inspection, a careful read of the seller's disclosure, and a real estate attorney protect the purchase.

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Real Estate

Deed Fraud: Forgery, Damages & Remedies

Florida deed fraud explained: how a forged deed differs from one induced by fraud, why forgeries are void from the start, and what rescission, damages, and title insurance can recover for a buyer.

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Real Estate

Taxation for Foreign Real Estate Investors

How non-US investors are taxed on US real estate: choosing a holding structure, avoiding double taxation, estate tax exposure, reporting rental income, FIRPTA on sale, and state and local taxes.

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Real Estate

Special Rules for Rental Applications for Members of the Armed Forces

The Servicemembers Civil Relief Act and Florida law give military tenants extra protection on leases, evictions and rental applications. What landlords need to do, and how quickly they need to do it.

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Real Estate

Landlord and Tenant Obligations to Maintain Residential Property in Florida

Florida law splits repair and upkeep duties between landlord and tenant. Here is what the statutes require of each side, and what can happen when either one fails to hold up their end of the lease.

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Real Estate

FIRPTA: What Foreign Investors of US Real Estate Need to Know

FIRPTA requires the buyer to withhold tax from a foreign seller's proceeds when U.S. real property changes hands, currently 15 percent of the sales price. Plan for it before the property is listed.

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Real Estate

The Significance of an Owner’s Affidavit in a Real Estate Purchase

When a person sells a house, vacant land, or other piece of property, there are certain requirements that must be followed. Most states require an affidavit of title.

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Real Estate

Four Tax Considerations for Real Estate Investment Purchases

Pass-through versus double taxation, depreciation, 1031 exchanges and retirement accounts all shape what an investment property actually returns. Four tax questions to work through before you buy.

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Real Estate

Housing Cooperatives: What UHF v. Forman Means for Real Estate Investors

In United Housing Foundation v. Forman, the Supreme Court held that shares bought only to occupy a nonprofit co-op apartment are not securities. Investors buying into a co-op for profit should look closer.

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