Becoming a homeowner for the first time can be exciting, overwhelming and a bit scary. You search and search in hopes of finding your dream home. Seems simple, but often times first time homebuyers make mistakes that can turn their dream into a nightmare. If you are gearing up to buy your first home, arm yourself with these tips to avoid costly mistakes that could leave you renting instead of owning. According to the real estate websites www.zillow.com and www.realtor.com, here are some of the most common mistakes made by first time homebuyers:
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Until 2008, Florida condominium associations had a distinct advantage over Florida homeowner associations as far as pursuing construction defect and financial claims on a class action basis. Basically, Florida condominium associations by court rule since 1977 had automatic standing to represent their owners as a class on matters of common interest. Florida homeowner associations, on the other hand, had no standing to represent their members as a class. Members of homeowner associations were relegated to bringing a traditional class action with individual members acting as class representatives on behalf of the members. The procedure for attaining class action status in a homeowner association context was cumbersome and time consuming.