Jacksonville Florida Land Trusts – The Basics

Jacksonville Florida Land Trusts

The Florida Land Trust is a low-cost and simple way to hold legal title to real estate or personal property.The Florida Land Trust is in accordance with the Florida Land Trust act that was established in 2006 by the Florida legislature. The trust allows for buying, selling, holding or financing Florida real estate or personal property in a private confidential manner.One major movement in Florida which uses the Florida Land Trust act is the North Florida Land Trust which works to acquire conservation real estate in Jacksonville, Nassau, Baker, or Putnam among others.checkout my latest blog post to get updated information.

Terminology of a Land Trust

Below are the terminologies used in a Florida Land Trust:

1. Trust Agreement – this establishes the trust, it is the agreement that the beneficiary and trustee enter into.

2. Trustee – this is the person that holds the legal and equitable title to the land trust property in the trust agreement.

3. Beneficiary – this is the person in the agreement who is designated to have the authority to direct the trustee as it relates to the trust property.

4. Power of Direction – this refers to the authority to govern the disposition of the trustee as it relates to the title of the land and the carrying out of documents which affect the property.

5. Deed in Trust – this refers to the item that bears the title to the real property into the trust of the land.

6. Trustee’s Deed – this refers to an instrument if the trustee of the land should convey the title to the real property to some other party.

Florida Land Trust for Conservation Purposes

One major use of land trusts is for conservation purposes. The North Florida Land Trust is one way to show Florida Investing Jacksonville as there are numerous projects under the company’s wings which help to preserve and protect land for future generations. Since the company is a non-profit organization, contributions are important to their success and goals.

Benefits of Florida Land Trust

Jacksonville Florida Land Trusts

The benefits to buying and holding real estate in the Florida Land Trust are substantial. Since the Florida Land Trust keeps your name out of public record, your ownership interest of personal property and Florida real estate is kept confidential. Additionally when you hold property in the Florida Land Trust you receive the benefits of most of your rights to ownership while there is a limit to the liabilities associated with real ownership of property. The trust has continuity as if the owner of the trust should die, the trust is not terminated.go to http://jacksonville.com/news/metro/2015-04-21/story/land-trust-buys-square-mile-property-big-talbot-island for more information about Florida Land Trusts.

Persons can always consult with a legal counsel so as to not get the wrong idea about the Florida Land Trusts. Florida Land Trusts will not allow a property owner to avoid any kind of transfer, tax or income that would be normally due if the property were conveyed. The trust is also not a go around for any due on sale in promissory notes as it relates to property.

The Benefits of Hiring a Realtor

The Benefits of Hiring a Realtor

Whether you are thinking about buying a home or selling a home, you will inevitably face the decision to contact, or not to contact, a realtor for professional assistance. If you have never worked with a realtor before, you may be wondering what it is exactly that he or she will do for you.

After all, a realtor will typically receive somewhere around 3% of the home sales price as their commission for assisting you throughout the sale. This can seem like a pretty hefty price tag, especially if you’re already dropping thousands of dollars on a down payment; and it’s only fair that you know what you’re paying for, so let me take a few moments here to explain exactly what services a qualified realtor will provide for you.

1. In order to earn and maintain her license, a realtor must take classes on the subject of real estate law, procedure, and ethics. This education allows real estate professionals to assist consumers by providing expert knowledge and advice throughout the selling and buying processes. In addition to education, realtors have experience in real estate transactions that consumers, especially first-time home buyers, may not have. Hiring a real estate professional to assist you in your real estate transaction is the equivalent to hiring an electrician to rewire your home. A professional’s education and expertise will prove to be invaluable.

2. If you are selling your home, a realtor will save you valuable time by acting as a nonsense filter. Your realtor will be able to weed out the not-today-buyers before they ever have a chance to waste your time, and she will be able to catch the serious buyers and provide them with the information they need in order to make the decision to write an offer on your home.

real estate firm3. A realtor will be able to provide you with statistics on properties that are comparable to the one you are selling or to the one you are looking at buying. She will be able to help you figure out how much a property is actually worth on the market by analyzing what has recently sold in your area of interest and for what price. This also means that your realtor will make sure that you do not pay more for a property than it is worth, and that you do not sell your property for less than it is worth.

4. Realtors, in addition to being real estate professionals, are
also networking professionals. They will be able to provide you with a list of references for reputable professionals whose services you may need throughout your real estate transaction. These professionals may include mortgage brokers, home inspectors, appraisers, etc. Networking also allows realtors to dig up information such as details on properties not yet on the market officially, but whose owners are interested in selling.checkout latest updates on this website.

5. A realtor makes an excellent negotiator because they are emotionally removed from the purchase. Keeping a clear head allows a realtor to keep her client’s best interests in mind and to skillfully negotiate a transaction; this makes a realtor an extremely valuable asset to a consumer. In addition to negotiating price, a realtor is also skilled in negotiating for repairs. Often a price is agreed upon with the condition of a satisfactory home inspection. If the home inspection brings to light any serious issues, a realtor will be able to advise you which options are available and will be able to handle re-negotiations.

6. A realtor will handle all of your transaction paperwork. Contracts can easily fill ten or more pages with legal jargon and tiny font. A realtor works with these documents every day, and so she will be able to expertly guide you through the process, ensuring that you understand exactly what it is that you are signing.

7. A realtor will also be able to field any questions you might have throughout your transaction and even after your closing date. Customer service is a huge part of a realtor’s job, and good agents will be more than happy to help you out with your questions and concerns, even after the deal is closed!

real estate agent8. Access to the Multiple-Listing Service (MLS) allows a realtor to see every property listed for sale in your area of interest (excepting those for-sale by owner). This information along with the query functions of the MLS will allow a realtor to quickly compile a list of properties that fulfill your home wish-list as well as staying within your price range. This can easily save buyers days, weeks, or even months of online searching; not to mention that information on the MLS is certain to be up-to-date, saving you from wasting time looking at properties that may already be under contract.

In addition to the benefits that realtors with MLS access can provide to buyers, a realtor will be able to seriously market a seller’s property by listing it on the MLS. Every serious buyer working with a real estate agent in your area will have access to your home listing, creating a situation in which not only is your realtor searching for a buyer for you, but so is every other realtor in town! This kind of property exposure is invaluable for getting your home under contract within your timeframe.

The Benefits of Hiring a Realtor

9. Real estate agents are already familiar with property values, taxes, zoning restrictions, utility costs, and municipal services and facilities. They are also privy to changes in the market, with first-hand knowledge on details such as whether sales prices are going up or down, or how long properties are staying on the market before they sell. This sort of information can be critical in the decision to buy or sell a home.visit their official website at http://www.9news.com/story/news/local/automotive/2015/04/02/sellers-market-strategies/70841552/ for more related information.

real estate agent210. Finally, licensed realtors are held to a very high standard of ethical behavior. By working with a realtor, you can be assured that you have an expert on your team, working for you and protecting you throughout your transaction. In addition to this code of ethics, real estate is a profession based on reputation and referrals; therefore, your realtor will do everything in her power to make sure you are happy, comfortable, and legally and financially safe as she guides you through your home purchase or sale.