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Mike Haley

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buying a home in southwest Florida

One of the hardest decisions to make is whether to purchase a home or rent it. Given that mortgage is complicated, most people prefer to rent until they save up enough to purchase a home on cash. Therefore, making a decision to purchase a home whether on mortgage or cash is a boss move. Congratulations on choosing to settle at Southwest Florida. But what is the process of buying a home in Southwest Florida? We are here to help you find out, and here are 5 steps to buying a home in Southwest Florida:

wire fraud when buying a home

Buying a home is a hectic process for any aspiring homeowner. This is because with the advancements in technology scamming has become easier than it was a few years back. It’s a complete nightmare for any homeowner to realize that you just wired all your hard earned cash to an offshore account belonging to a scammer.

According to a study by the Chicago Tribune, the FBI has been able to track over $1 billion that were diverted from real estate firms. From December 2016 and May 2018, consumers reported a 136% increase in loses related to these crimes. That being said here’s what you need to know about Wire Fraud:

Is It A Buyers Market Or A Sellers Market?

If you have been paying attention to the housing market recently you might be a little confused. Is it a buyers market, or is it a sellers market? For sure, the past couple of years have been a sellers market. We have seen houses flying off the books and prices steadily rising. So much so that some people have begun to speculate that we were once again approaching bubble territory. 

The answer is yes. If you are reading this you may have been involved in construction at a specific time—either as a contractor or as a property owner. You may have come across the legal document known as the mechanical lien, but what does it mean? We discuss:

A mechanical lien is generally a legal claim against a property by a subcontractor or a supplier, in case your house has been improved or remodeled and they have not received the necessary compensation from the general contractor. For example, if a part of your house is remodeled and the supplier of the materials is not paid by the general contractor a mechanical lien can be placed on your house to recover the money.

The Condo

Buying a condo is a dream come true for many people. It’s no wonder many potential homeowners are flocking to areas such as Bonita, Sanibel and Marco in Southwest Florida. Remarkable high rise condos on impressive locations, drawn by sugary white beaches, and fabulous sunsets, what’s not to like? It’s therefore pertinent that these buyers understand more about title insurance policies to secure their dreams and protect their investments. Unfortunately, many people don’t think they need insurance until something bad happens but by then it’s often too late to get insurance. It’s therefore best to eliminate these risks and prevent the possibility of losing your investment. A title insurance will cover any buyer in the event of previous legal issues associated with the property that they may not be aware of.