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FRANCK LEBLOND
Florida Real Estate
Associate licenced
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Mon
Appart à Miami
Miami
Investment Brokers
1800 North Bayshore Dr.
Miami, FL 33132
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There
is no cadastre in Florida like in France since there
is no notary.
Subscribe a title insurance is therefore essential
to protect you from loss due to title defects. No third
party would be then able to dispute its validity whatsoever
as long as you remain the owner of the property.
Though highly recommended (big time), it is not mandatory
when the deal is paid cash. However, all the banks require
it in first place in order to qualify for a financing.
Its subscription is payable only once at the closing.
Conclusion, you've probably understood it, never buy
a real estate without this insurance ! |
The
Florida Real estate brokerage system is made otherwise
than in our mother country. If each agency in France has
its own listing, all the realtors over here, regardless
the company they belong to, have access to a data base
that contains every property that is on sale on the
market which is the so called MLS (Multiple Listing
Service).
Therefore, the difference is being then made by the skill
and professionalism of your realtor (buyer agent). Indeed,
choosing your agent is fundamental because he/she
will represents you all along the process facing the seller
agent to defend your interests against his/her clients
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Terminology
(U.S versus French standards) :
Single Family : Individual House.
Condominium (or Condo) : Apartment in a building
or a residence.
Town House : Midway between the apartment and the
house.
1 Bedroom is equivalent to a 2 rooms (the bedroom, the living-room).
2 Bedroom is equivalent as a 3 rooms. (2 bedrooms, 1 living-room).
Full Bath : Bathroom with a toilet.
Half Bath : Lavatory with a sink.
Measures
:
1,000 Sqft (square feet) = a little bit less than
100 m² (square meter).
Remove a zero for the conversion.
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