MIAMI REAL ESTATE

Transfer tax (referred to as documentary stamp tax in Florida) is a tax imposed by states, counties, and cities on the transfer of the title of real property from one person (or entity) to another within the jurisdiction. It is based on the property’s sale price and is paid by the buyer, seller, or both parties upon transfer of real property. Who is responsible to pay? The party transferring or conveying title to the property (the seller) is generally responsible for the paym

Inspecting the physical condition of a house is an important part of the home-buying process and should be included in your purchase contract as a condition of closing the sale. It is important to conduct a home inspection to avoid a costly mistake by purchasing a property in need of major repairs. A certified home inspector is a professional who will conduct an inspection of the general condition of the home. The inspector you hire should look for: Defects or malfunctions i

Unfortunately, not all properties sell the first time they’re listed for sale, even in a hot market. Those that do sell can go pretty quickly. Around 20% to 30% of properties fail to find a buyer. Whatever the reasons for this are, you need to ask yourself the following questions: Is my home priced right? This should be one of the first things you consider. You need to make sure your for sale price is a true reflection of your property’s value and prevailing market sentiment