Florida Realtors News

If a homeowner with a mortgage no longer has property insurance, their lender will “force place” a policy on them. The new regulations make the process fairer.

Federal DOJ officials submitted a 22-page “statement of interest,” saying SB 264 “will cause serious harm to people simply because of their national origin.”

Florida Realtors: Floridians who plan to celebrate Independence Day away from home should take precautions to protect their residences, like using a timer for lights.

A good RE coach listens to the agents being taught. It builds teams when people feel valued and heard, plus smart questions make coaches better.

Pending sales declined largely because property listings are down. NAR Economist Yun calls market “resilient with approximately three offers for each listing.”

The threshold – now raised to $120M from $75M – offers greater flexibility for lenders when underwriting multifamily large loans.

Florida Realtors lawyers spoke to 6K+ members during a June 29 webinar, saying a new law impacting some property sales to certain foreign buyers goes into effect July 1. Some details are not yet clear, but a new disclosure will appear in FR/Bar, CRSP and other contracts on Sat., July 1, and buyers must sign a new affidavit.

There are many variables. While the process starts by looking at nearby comparable sales, it includes the property’s age, condition, upgrades and location.

More buyers want to relocate – but fewer do thanks to a tight inventory of available homes. Phoenix is No. 1 but Fla. cities hold all spots from No. 3 to No. 7.

After Aug. 28, FHA borrowers will fill out a Supplemental Consumer Information Form, where they can request things like language translation services.