When you close on a property, you need to sign a lot of different documents. Often, officials will simply give you a quick rundown of what the page says and what it means before you sign. This speeds the process along for everyone involved. But what if you want to read all of those documents, […]
Melbourne Legal Blog
You might be ready to take the plunge and buy a commercial property in Florida. Maybe your business needs more warehouse space. Or perhaps you are looking for a good investment in a growing market. No matter what your motivation is, there’s a lot to consider before buying that building. It would be wise to […]
If you are buying your first commercial real estate property as an investment, it is likely that you will feel like you are walking into the unknown to some extent. You have also probably conducted a great deal of analysis on how the property will be able to provide you with income in the future […]
Florida business owners often ask how commercial real estate closings differ from residential ones. One stark difference that you’ll come to notice quite quickly is that the former is far less regulated than the latter. One of several reasons that Melbourne commercial real estate closings get delayed is because there’s no set standard form or […]
An executive in the Florida title insurance industry has cautioned buyers of commercial properties that the risk of cyberfraud in commercial real estate deals is growing. Fraudsters now seek to profit from larger deals than home sales. Residential real estate previously had been the target. Here’s how the scam works. Someone could pretend to be […]
If you are familiar with the process of closing on residential properties but have yet to embark on purchasing a commercial property, you might wonder how the process will differ. Commercial real estate purchases tend to be more flexible but at the same time offer less protection for buyers. If you are responsible when doing […]
It’s your first time closing on a new piece of real estate property, and you don’t want to make any mistakes. What are you supposed to do at closing and what should you expect? First of all, you’ll need to sign a fair amount of paperwork. If you’re using a loan to buy the property, […]
Both residential and commercial real estate closings used to involve both the seller and buyer sitting at a table to finalize a purchase, but a lot has changed over the years. Most closings are now handled electronically at a distance. While this may be convenient for some, it makes it even more important for sellers […]
More than 3.3 million people who live in Florida are 65 and older. Five percent of residents are 80 or older. The projection is that seniors will continue to move into the state and that by 2030, almost 25 percent of Floridians will be 65 or older. The number of elderly residents will drive up […]
Just last week, a report published by the Mortgage Bankers Association (MBA) captured how commercial lending in 2018 was projected to outpace previous years. The study’s authors also noted that they’re expecting multifamily and commercial origination loans to reach $532 billion this year, at least $2 billion more than last year. One of the study’s […]
