Housing prices in Broward, Miami and Palm Beach Counties are on the rise. Prices in July rose 7.3 percent from the previous year. However, according to the Standard & Poor’s/Case-Shiller Home Price Index the average price is down 28% from the all-time high in December 2006. This data is for single family homes as condo sales are not included.
So why the change? The economy is growing, more people are working and home sellers are making improvements to properties. Upgrades to kitchens and bathrooms are the biggest selling features to potential home buyers. They are willing to wait for the full package which includes the condition of the home, location and price.
Sometimes home buyers think with their emotions after finding their dream house. Important price tag items such as home owner’s insurance, property taxes, utilities and furnishings are overlooked but can be the difference in affording a monthly mortgage.
A real estate attorney can be your best friend during this emotional and stressful time especially in light of the significant changes in the law as of October 3, 2015 regarding residential real estate closings involving mortgage financing. Their job is to work for you with your best interest in mind. They will review the purchase agreements, perform extensive title searches to ensure a clear title and explain what will happen if something does not go as planned. There will be no surprises when you are handed the keys at closing.
There is no standard real estate transaction. Each situation is different. Ronald A. Luzim understands this and works with his clients to offer personal service for each case. He is a former estate and tax attorney with the IRS, has been practicing law since 1974 and specializes not only in real estate but also probate and in asset protection and bankruptcy, Ronald is a Coral Springs probate lawyer, Coral Springs bankruptcy lawyer and Coral Springs family and divorce lawyer. In addition, as a practicing state certified family and civil mediator for over 25 years Ronald brings experience, expertise and empathy to your legal matter. Please contact his Coral Springs office at 954 755 1500 for assistance in protecting yourself, your family and your property.
There is no substitute for experience.