Greater Boston Real Estate Board’s Post

Cracking the Code: Understanding Real Estate Contracts in Tennessee Discover the ins and outs of real estate contracts in Tennessee and how they differ from those in New Jersey. Learn about commission structures and cooperative compensation, giving sellers a clear understanding before listing their property. #RealEstateContracts #TennesseeRealEstate #SellerEducation #CommissionStructure #CooperativeCompensation #RealEstateTips #PropertyListing #SellerResources #TennesseeProperty #RealEstateInsights

Drop your vote in the comments and let's start a conversation about your commercial property dreams! 💼✨ #CommercialSuccess #DreamLocation #GodoyRealty #RealEstate #investmentproperty #jacksonville #GodoyRealtyJax

🌟 Florida’s New Real Estate Laws: What Homeowners Need to Know 🌟 Starting today, several new laws affecting Florida homeowners take effect, driven by Florida Realtors’ 2024 legislative priorities. Here are some key highlights: 🏠 Hometown Heroes Housing Program (SB 328): $100 million added to support first-time homebuyers and affordable housing initiatives. 🏡 My Safe Florida Home Program (SB 7028): $200 million boost to help Floridians storm-proof their homes and reduce insurance premiums. 🏢 My Safe Florida Condominium Pilot Program (HB 1029): $30 million allocated for coastal condos to strengthen against storms. 🚪 Protecting Private Property Rights (HB 62): New measures to address squatting and protect property owners. 💧 Over $1.2 Billion for Everglades and Water Quality (HB 5001): Major investments in environmental restoration and water quality. 📜 Increased Transparency of Condo and HOA Documents: New requirements for posting and delivering essential documents. These laws aim to enhance housing affordability, property protection, and transparency across the state. Stay informed and take advantage of these new opportunities! 🏡✨

Choosing the perfect neighborhood? 🏡 Here are 4 key tips to consider before buying. From property taxes to safety and property values, find the right fit for your future! Learn more: https://ow.ly/1qYy50U45rG #RealEstateTips #NeighborhoodGuide #HomeBuying

The following is a breakdown of some of the new laws that begin today that impact the real estate industry: * Hometown Heroes Housing Program (SB 328): Adds $100 million to the successful first-time homebuyer program. It also builds on the policies created in last year’s Live Local Act that spur private investment in affordable housing, and it clarifies changes to local zoning, height and density regulations to ensure counties and cities have the guidance they need to create more affordable housing options in their areas. Realtors® should encourage their clients to apply. * My Safe Florida Home Program (SB 7028): Adds $200 million to the program so more Floridians can protect their homes against storms and reduce their insurance premiums. The bill also provides for home inspections without having to apply for a grant, lets low-income homeowners receive up to $10,000 without having to match the amount and mandates the program administrator to streamline the grant process while prioritizing reviews based on income and age, among other things. Realtors® and their clients can apply here. * My Safe Florida Condominium Pilot Program (HB 1029): Expands the My Safe Florida Home Program to include condominiums. This expansion allocates $30 million to help condominiums within 15 miles of the coast harden roofs and openings against storms. Realtors® should go here for more information. * Protecting Private Property Rights (HB 62): Addresses issues with squatters who occupy private property by allowing property owners or their agents to request the immediate removal of unlawfully occupying persons from a residential dwelling. More information about this new law can be found here. $408 Million for State and Local Affordable Housing Programs: Lawmakers allocated $408 million to the State and Local Government Housing Trust Funds. This includes $174 million for the State Housing Initiatives Partnership (SHIP) which includes downpayment and closing cost assistance programs, and $234 million for the State Apartment Incentive Loan program (SAIL) which helps build affordable rental housing. * Property Insurance Cost Reductions (HB 7073): Requires insurers to give homestead property owners a deduction on their residential property insurance premiums in the amount of 1.75% of the policyholder’s total premium. It applies to policies with coverage for a 12-month period. *Increased Transparency of Condominium Documents (HB 1021): Requires condo associations of 25 or more units to post digital copies of official condominium documents on their websites. These documents include bylaws and rules, articles of incorporation, declarations, annual financial statements and budgets, FAQ sheets, building inspection reports and reserve studies. * Increased Transparency of HOA Documents (HB 59): Requires homeowners’ associations with 100 or more parcels to deliver physical or digital copies of their rules and covenants to all members and new members.

The real estate market is challenging in our current economy. Proctor Brant has represented sellers in obtaining release of earnest money after a breached sales contract, with contribution money from a negligent buyer’s agent. We can help you with your real estate litigation needs. Learn more about our real estate practice: https://lnkd.in/e_YFdk8Q

Union County’s market is shifting, but prices are still climbing! 📈 With an 8% increase in home prices, now’s a great time to explore your options. Petriello Law is here to guide you through every step of your real estate transaction. 🏡 #UnionCounty #RealEstateUpdate #PetrielloLaw

When buying a strata-titled property, unexpected costs like special levies can impact your budget. Special levies are additional payments required to fund major repairs or unforeseen expenses not covered by the annual budget or contingency reserve fund. To protect yourself, review strata documents carefully for approved or upcoming special levies. Ensure the purchase contract states that sellers will cover any unpaid approved levies before completion. Watch for potential resolutions that could bring future financial obligations, even if not yet decided. Discuss these with your REALTOR® to plan accordingly or negotiate adjustments in the purchase price. Have you encountered unexpected special levies during a property purchase? Share your experience below! #RealEstateTips #StrataLiving #REALTOR

What is a title search? Title search is comprised of a thorough exam of public records. The search establishes a chain of title from the records. This shows who owned the real estate and for what time period. This researches the history of the real estate from the past to the present. #realestate #titleinsurance #closings #realestateclosing #propertyrights #westmorelandparalegal