Two Attractive Real Estate Markets in Florida for 2018

Henrietta Feldman is an experienced real estate attorney in Palm Beach, Florida. As the owner of her own law firm, Henrietta Feldman takes on clients dealing with matters of commercial and residential real estate law in both Florida and Massachusetts.

In 2017, Trulia listed the 10 most active real estate markets in the United States, with each of the top three positions going to Florida. In 2018, the real estate forecast calls for even more action throughout the state. Deltona and Lakeland are particularly interesting markets.

Residential properties in Deltona, Florida, have an average listing of $275,050, or about $159,000 within the city limits. However, industry insiders expect to see the market change with a 5.5 percent increase in sales and a price growth rate of 6 percent. Deltona’s location is a key selling point, as the city is just 30 minutes from both Orlando and Daytona Beach.

Lakeland also provides investors and homebuyers with a prime location. Located 40 minutes east of Tampa and about an hour’s drive from Orlando, Lakeland is an ideal location for commuters who are interested in cutting costs. Homes in the greater Lakeland area typically sell for about $225,000, though 2018 is expected to bring sales and price growth rates of 3 and 7 percent, respectively.

The Importance of Loan Agreements

Henrietta Feldman finished her juris doctor at the Boston University Law School. Since 2015, Henrietta Feldman has been running a private practice in Palm Beach, Florida, where she focuses on commercial and residential real estate matters. She currently holds numerous responsibilities, including negotiating loan agreements.

A loan agreement is a legal contract made between a lender and a borrower that is meant to provide the details of the loan, including the offer and the date the borrower intends to pay it back. It usually exists to regulate the mutual promises pledged by both parties. 

Loan agreements are usually very complex documents and are deemed challenging to draft. Nonetheless, they are extremely important as they provide legal protection for both the lender and the borrower. It primarily serves as proof that the loan (which can either be in the form of goods, services, or money) is not a gift to the borrower. Apart from making sure that the borrower will not shirk the responsibility of repayment, loan agreements can also be used by lenders as a piece of evidence for the IRS if necessary.