A corporation took over their condo. This Florida law made it possible
You wouldn’t know it from the broken security gate and weather-worn buildings, but at one time, the Grande Oasis condominium in Carrollwood was “a garden of Eden,” said resident Etty Segal. “Not anymore.” Like Adam and Eve, she and about 70 other owners may soon be forced out by a Florida law that gives one company power to seize the entire property. [Tampa Bay Times]
Commission rule change is costing real estate agents money, especially younger ones
Just a few weeks into the aftermath of the class-action settlement that rocked the real estate world, sales commissions have shrunk. That’s the major finding of a recent survey of some 1,300 agents and brokers. Earlier this year, a settlement was reached between the National Association of Realtors and disgruntled homebuyers in Illinois (and later Missouri) who believed they were forced to pay their agents too much. [Source: Miami Herald]
Florida first-time homebuyer guide 2024
Buying a house in the Sunshine State comes with unique challenges, from rising demand and increased home prices to difficulty in getting homeowners insurance. But it also has unique opportunities for borrowers — including a booming number of new homes, a variety of top lenders and homebuying assistance programs to help with a down payment, closing costs and more. [Source: CNBC]
Florida housing market cooling down amid high insurance rates, active…
