4 Pointers for Buying a Home During a Pandemic!

2020 was an extremely challenging year for everyone, with many feeling as though their lives were on hold. Continue reading “4 Pointers for Buying a Home During a Pandemic!”

7 Myths About Down Payments for Real Estate Purchases

There is a lot of misinformation out there regarding the process for real estate purchases, and this makes matters even more confusing for those that are new to buying a home. Continue reading “7 Myths About Down Payments for Real Estate Purchases”

The Right to Inspect and Cancel 

So, you finally found a property that makes your heart skip a beat and you are already imagining family dinners and movie nights by the fireplace. Congratulations! However, do not move Continue reading “The Right to Inspect and Cancel ”

6 Commercial Investments That Tend to Get Overlooked

What crosses your mind when you hear the term “Commercial Real Estate”? Oftentimes we think of a high-rise office building, shopping mall, or even an old grocery store building. While these Continue reading “6 Commercial Investments That Tend to Get Overlooked”

Study: Retailers, Commercial Real Estate Companies Optimistic About Strong Recovery in 2021

Close to 88% of shopping centers are being used to fulfill online orders, and 99% of retail respondents reported their stores fulfilled online orders to some degree.

Nearly 60% of commercial real estate Continue reading “Study: Retailers, Commercial Real Estate Companies Optimistic About Strong Recovery in 2021”

2021 Mortgage Rates Leading Many Homeowner’s Towards Refinancing

Mortgage rates were on a steady path of decline in 2020, allowing many people the opportunity to become Homeowners or adjust their current property loan values. These historically record low rates are being projected to stay low for at least the first few months of the New Year but are expected to slowly rise again towards the end of 2021.

What does this mean for current property owners? The ability to take advantage of record-low rates on their mortgages and to save funds that can be put towards other investments.

So, when does it make sense to go through with a refinance?

  • When it lowers your monthly interest rate and/or payment
  • If you can reduce loan term/remaining payments with minimal increase in monthly payment
  • If you can use debt consolidation from the refinance to lower overall monthly obligations
  • Using a cash-out refinance for home improvements or some other major purchase.

The most important thing to note is that a refinance may sometimes have costs associated with them. Homeowners should calculate their break-even point to see how long it would take to recoup the costs. The decision to start this process is solely in the hands of the property owner, and if the savings outweigh the initial costs then it may be a smart financial move.

Take advantage of great rates & have Premier Florida Title help with your title needs. As a property owner, you are allowed to select your own title company for the title work. Call us today so we can help guide you through this process!

Is Commercial Real Estate a Worthwhile Investment?

If you have been investing in residential real estate for some time now, you might have been considering commercial investments.  The absolute best way to get involved with investments is by doing research, getting advice, and contrasting the familiarity’s with some of the differences.  Knowing the pros and cons before getting involved in a big purchase can help you weigh your options and find out what is best for you.

One major difference between commercial and residential real estate is how the bank values them.  Commercial bank loans tend to require a higher down payment that can easily be more than 30 percent.  Check with your lending institution to find out if they deal with commercial real estate. We have a list of commercial lenders we have worked with in the past, just contact us today and we will be happy to provide them to you!

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Commercial real estate offers the potential for increased cash flow and higher stability.  Renting out several spaces in a multi-unit property means more income, and the return is usually higher per square foot if you’re getting the full potential out of the property.  This can also mean less risk. If one of several tenants leaves, you will only lose a portion of the return.  Commercial leases offer steady income because they are also usually much longer in duration.

As with both residential and commercial investments, it is always important to ask questions and do your research.  There are many parts to look into when purchasing commercial real estate specifically.  Some of these include questions about former management, lease renewals, population income, and the seller’s cash flow statements, among others.  See our Top 10 Do’s and Don’ts of Purchasing Commercial Real Estate- click here.

Source: Entrepreneur Article 

 

Jacksonville in The Top 20 Best Markets for Single-Family Rental Investments

According to the Jacksonville Business Journal, Jacksonville was placed in the top twenty “best markets” for single-family rental investments in RealtyTrac Inc.’s “20 Best Markets for Buying Single Family Rentals” list.

“RealtyTrac came up with the list by analyzing median sales prices and average rental rates for three-bedroom homes and using that data to calculate capitalization “cap” rates and average cash flows.”

That being said, other Florida cities made the list also, including:

  • Daytona
  • Lakeland
  • Ocala
  • Orlando
  • Palm Bay
  • Port St. Lucie
  • Tampa

Gulati Law can assist you with the purchase or sale of your property, as we have an affiliated Title Company that offers title insurance and many other services for real estate investors, purchasers, or jobbers. If you are a real estate investor, or a first time home buyer, contact us today, our Attorney is not only a  licensed Florida Real Estate Agent, but also a Florida Real Estate Attorney.

 

Source: Jacksonville Business Journal

Hiring A Real Estate Attorney Is An Important Decision

Hiring a Florida Real Estate Attorney for your purchase, sale or investment is one of the most important decisions to consider when first becoming involved in real estate. The right Attorney will keep you informed, on track and lessen your liability for any title defects.

At Gulati Law, our practice primarily focuses on Real Estate and Business Law, in which we offer our clients all forms of title services, including title insurance. Attorney Gulati is not only a Florida Real Estate Attorney but also a Florida Real Estate Sales Agent licensed with the Florida Board of Realtors.

Attorney Gulati is also a member of the Orlando Regional Realtor Association, which creates, maintains and enhances a business environment that contributes significantly to the success and the prosperity of Central Florida. As a property manager, landlord and real estate sales agent, Ms. Gulati realizes the need for legal representation in handling real estate transactions.

For more real estate questions, please contact our office today, we will be happy to help.

Florida Real Estate Closings!

A Real Estate Closing is one of the most important steps in purchasing or selling your property.

Buyers do not want to buy a property with a defect in title and Sellers do not want to have any liabilities after closing. For this reason it is important to consult with a real estate attorney who has conducted real estate closings before, and knows exactly what potential title defects to look for.

Gulati Law is affiliated with its own title agency in order to conduct residential, commercial and construction/developers closings.

Contact us today, if you are purchasing or selling your property, business, or land.

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