No one in Florida can tell what the future will bring, particularly when it comes to money. Homeowners who have held a steady job for years might one day find themselves the victim of a company-wide layoff. Alternatively, a person could be struck with a serious illness, racking up significant medical bills. Or, a person's automobile may break down, necessitating an expensive repair. Really, there are a myriad of reasons why a homeowner may find they are unable to afford their mortgage.
If you own business or residential property in Florida, you may think that because you own the property, you can build and develop it as you please. Picking out just the right space for your business or family can be difficult based on your needs. You may have a vision for the property that just a few renovations can fix, but making it just right might be easier said than done.
It seems like every death of a celebrity these days winds up in a plethora of unanswered inheritance intentions and probate litigation as heirs fight over what they feel is rightfully theirs. Sometimes, a person in Davie thinks this will never happen to them, as they have only a modest estate. However, nothing could be further from the truth. Estate planning is for anyone, of any means, who has some opinion about how their final affairs should be handled.
Buying your first home is an exciting time for anyone in Florida. Those who have saved up a down payment may be on the lookout for the perfect home. However, what many will find is that they also need to seek out the perfect mortgage to finance that home.
Planning for your future can mean a wide variety of things to different people. For those in their 20s, it is likely that they are thinking about college, professional schools and what career field they want to work in. Those in their 30s are thinking about buying a house and starting a family. The 40s and 50s are about making life changes, such as career changes, buying a bigger home or going on vacation. And, once a person hits 60, they are thinking about retirement. What retirement age signals to many is that it is time to draft an estate plan. However, it is never too early to start the estate planning process, and it is something that residents of Florida should consider in their 20s and 30s.
You have always dreamed of purchasing your first home. You are at a point in your life where you think you are ready. You have an idea of what style you want to purchase. You’ve checked out locations. You’ve browsed different websites to see what is available.
Owning a home may be part of the "American dream," but it is important to buy and sell at the right times. A research group recently compared the sale price of almost 30,000 homes in South Florida in the second quarter to the price the homeowners paid at the time that they purchased the property. The profits noted did not include expenses related to renovations performed on the homes. The results were startling.