There is a “Mass Exodus” of money moving from New York to Florida, according to Bloomberg Television, due to the difference of personal income tax between the states. The super-rich are moving from New York City to Florida because Florida does not put a price on income, meaning that there is no personal income tax … Read more
No Personal Income Tax in Florida Entices Individuals and Companies
Posted on November 13, 2013 byTags: Business Law in Florida | Florida Real Estate
What to Do Before Closing on a Property
Posted on November 4, 2013 byWhen purchasing a home or office space, there are many factors to consider before closing on a property. Once you have found a property that you think you want to purchase, you want to make sure that you do your research before the closing. Before you make an offer on the property, it may be a … Read more
Tags: Florida Real Estate
Jacksonville Hotel Market Improving
Posted on November 1, 2013 byThe Embassy Suites Hotel on Baymeadows Road in Jacksonville, Florida, located right by our Jacksonville office, sold to a group of hotel investors from San Diego for $8.8 million, or $41,900 per room, on October 10. The Jacksonville hotel market has been steadily improving, and this trend is expected to continue; Revenue per room is up … Read more
Tags: Business Law in Florida | Florida Real Estate | International Law | U.S. Immigration
Miami Luxury Condo Prices are Rising
Posted on October 30, 2013 byAt an asking price of almost $1,000 per square foot, the Miami luxury condo market is seeing a drastic increase in prices, and this trend is expected to continue. There are currently about 10 luxury condo resales with a minimum asking price of $1.7 million, or $750 per square foot, which are under contract in … Read more
Tags: Florida Real Estate
Florida Closing Attorney for House Flipping in Jacksonville
Posted on October 18, 2013 byJacksonville home prices and house flipping are on the rise. Home prices in Jacksonville, Florida, jumped 18% in September, and the number of closed sales was up 25.1%. Although home prices have risen, there are still “bargain basement properties” on the market, according to the Jacksonville Business Journal, and house flipping in Jacksonville has increased … Read more
Tags: Business Law in Florida | Florida Real Estate
A Title Search is a Must When Purchasing a Property
Posted on October 7, 2013 byOwner’s title insurance protects the owner of a property against any mistakes that may have been made during the title search. A title search is a search of all official records on the property. It guarantees that there are no other owners of the property, that the person selling you the property is the legal … Read more
Tags: Florida Real Estate
South Florida Business on the Rise
Posted on October 2, 2013 byAfter being hit hard by the Recession, South Florida businesses are bouncing back. Broward, Palm Beach, and Miami-Dade counties have seen a 3.6 percent increase in business compared to the national average of only 0.3 percent. A large number of these businesses are created by an influx of foreign investment and local entrepreneurs, especially in tech … Read more
Tags: Business Law in Florida | Florida Real Estate
Florida Owner’s Title Insurance Horror Story
Posted on September 27, 2013 byA Jacksonville mother and son decided to buy a property from someone who they thought was a friend without obtaining proper Owner’s Title Insurance. The three made a verbal agreement in which the mother and son would pay the friend a down payment and then monthly payments for the remainder of the purchase price. This … Read more
Tags: Florida Real Estate
How to Lose Your Property: Don’t Do a Title Search
Posted on September 13, 2013 byWhen purchasing a property, one of the most important things is to perform a proper title search and purchase title insurance. If you do not, then you could very easily lose that property. Forgery: If a title search is not performed, then there is no way of knowing that the person selling you the house … Read more
Tags: Florida Real Estate
Florida Deeds and Florida Real Estate Closing Attorneys
Posted on September 4, 2013 byA Florida deed is the legal document that is issued to transfer the ownership or interest in a piece of real property. The two most common ways to transfer ownership of real property in Florida is through either a Warranty Deed or a quitclaim deed. In both cases, the grantor is the person who is … Read more
Tags: Florida Real Estate
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