Home Buying Archives - Coastal Florida Real Estate

Home Buying

REAL PROPERTY vs. PERSONAL PROPERTY, WHAT’S THE DIFFERENCE?

September 20, 2017 Posted by: Richard Sites

Real property and personal property are two terms you will come across in your residential real estate transactions.  What is the difference and why is it important?   Let me explain.

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UNDER CONTRACT & IN THE “CONE OF UNCERTAINTY”, NOW WHAT?

September 5, 2017 Posted by: Richard Sites

The cone of uncertainty is a phrase we hear during times when a hurricane appears to be threatening the U.S. coastal regions within a few days.  What if you are purchasing a house in the cone of uncertainty during this time? What now? What if you are selling a house in the cone of uncertainty during this time? What now?  Let’s talk about these situations however, these matters could get complicated and for this reason I always recommend using a real estate attorney during your deals.

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WHY IS POF IMPORTANT IN A REAL ESTATE DEAL?

August 22, 2017 Posted by: Richard Sites

POF is the Key to a Successful Transaction POF is a term currently being found in residential real estate listings.  What is POF and why is it important to a successful closing?   Let’s drill down a little and talk about it.

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HOW BIG SHOULD THE ESCROW DEPOSIT BE?

August 15, 2017 Posted by: Richard Sites

When is Enough, Enough?  That Depends on Who You Ask In a residential real estate transaction, there is a concept called “Earnest Money”.  Sometimes this is referred to as an escrow deposit.  What is it’s role in the deal and how big should it be? Let’s take a look at the pros and cons of a big deposit and the risks to the buyer and seller.

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THE TRUTH ABOUT WOODEN HOUSES

August 1, 2017 Posted by: Richard Sites

“I’ll Huff and I’ll Puff and Blow Your House Down” We all know this phrase from our childhood.  Sure, things looked bad for the 3 Little Pigs but what is the truth about homes made of wood?  Let’s talk about them for a minute. Insurance is a big, and profitable, business.  And there is nothing insurance companies hate worse than claims, especially if they have to pay them.  But since 2004 when Hurricane Frances came to town, insurance companies have fostered a fear that the next storm will be the […]

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JUPITER CONDOS, 15 MORE LUXURY UNITS PLANNED

July 27, 2017 Posted by: Richard Sites

As the waterfront along Jupiter continues to change, another landmark is slated for demolition.  The Profile Art Gallery, on the SW corner of Indiantown Road and US One, is going to be replaced with luxury condos.

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CYBER-SECURITY INSURANCE

July 22, 2017 Posted by: Richard Sites

Cyber-security is perhaps one of the biggest and fastest growing businesses around.  And no business is safe from the growing threat of cyber-theft these days.  Real estate is especially vulnerable in a couple of ways.  Let’s take a look at two of them.

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BURT REYNOLDS ATTENDS OPENING AT HIS FORMER RANCH

July 18, 2017 Posted by: Richard Sites

Jupiter Farms is a unique area west of the Town of Jupiter.  Here, residents enjoy peace and quiet, wildlife and the freedom of no HOA.  Now, new homes are coming to the Farms on the site of the old Burt Reynolds Ranch.  

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GIVE THEM SOMETHING FOR FREE, 3 IDEAS TO HELP YOU SELL

July 11, 2017 Posted by: Richard Sites

Everybody Wants to Get Something for Nothing When selling your home, it helps to be imaginative.  I once sold a townhouse for nearly $1.5 million by seeking out potential referral sources and hand delivering beautiful brochures of the property.  One of these sources ending up sending me the buyer. I often see listings where sellers are offering incentives to the buyer’s real estate agent instead of the buyer.  Give the buyer something to help them, not their agent.  Here are 3 easy ideas you can use that might get your […]

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TIME IS OF THE ESSENCE EXPLAINED

July 5, 2017 Posted by: Richard Sites

What is “Time is of the Essence”? “Time is of the Essence” is a phrase found in Florida real estate contracts, specifically those standard FAR-BAR contracts used in residential home sales and purchases. Without getting into the legalities of real estate basically this phrase means that time periods and specific dates are contractual obligations on the part of both buyers and sellers.

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