When most people consider buying residential real estate in Florida, they think the process is fairly simple. They picture themselves looking for the right properties, making decisions, securing financing, if necessary and making their purchase. However, the actual process of buying residential real estate is much more complex than it appears.
Both state and federal laws govern the buying and selling of real estate, and these laws are in place to protect both buyers and sellers. For example, the real estate purchase agreement falls under the area of contract law. One of the most important laws in this area makes it imperative for contracts to be in written form, making oral real estate purchase agreements invalid.
Laws also require the seller to prove that the property he or she is selling belongs to him or her, making it impossible for would-be sellers to defraud buyers. In addition, in most cases, the law requires that properties have clear titles. This means that there are no outstanding liens and that no other parties have claim to the property being sold.
While the laws that govern residential real estate transactions in Florida may seem to only complicate the process, they are in place for the protection of all of those entering into agreements. If you are considering buying a piece of Florida real estate, you may find the help of an experienced real estate attorney to be valuable. With an attorney at your side, you will know that your interests will be protected throughout the process.