Real estate laws are tricky for some people. Just ask the people that want to buy property in foreign countries. There are tricky laws in the US, too. Can you imagine how Donald Trump feels as he gets sworn into the office of Presidency soon, with his real estate holdings looking like one big whopping conflict of interest? The point can be argued whether it matters or not, but it is what it is. What has you thinking about the real estate laws in this country or in another country?
One of the things I used to look at doing was possibly buying oceanfront property in another country. It can be found cheaper elsewhere, or at least at that time it could. Nowadays, there are a few places in the US where oceanfront property can be found for well under 100,000 dollars. Trust me, I know. That brings me to another point. Have you noticed that more and more homeowners these days are having to deal with homeowners associations?
You could argue that this has everything to do with people living in nicer neighborhoods and the real estate trends regarding property management. That’s great that communities and neighborhoods are kept nice and in order, but the argument could also be made that homeowners associations are a big pain in the butt. There are so many laws that tangle people up and make any progress for growth in some communities tedious at best.
In some cases, the homeowners association is merely a third party that helps ensure, whether blatantly or not, stagnation. Do you currently deal with an HOA Association? If you do, keep them on their toes. If you ever need help with real estate laws, don’t turn to them. You don’t want their interpretation of the law if you have questions. With certainty, you want the correct legal interpretation from a trusted source.