How to Avoid Liens in Siesta Key
Avoiding Liens in Siesta Key: A Real Risk
Quick Answer
To avoid liens in Siesta Key, conduct thorough due diligence before closing. Florida Statute 713 — Liens, Generally (Florida Senate) governs construction liens, which can arise if contractors or subcontractors are not paid. For example, a buyer discovered a lien on a property just days before closing because a contractor wasn’t paid for a recent renovation. Discovering a lien late can delay closing, increase costs, or even cause the deal to fall apart. Call me at 941.400.8735 or reach out directly to Michael Renick – I’ll share my approach with you.
What Actually Breaks Deals in Florida
Unpaid Contractor Liens
Florida Statute 713 is the governing system for construction liens. I once saw a deal where a buyer was blindsided by a lien because the seller failed to pay a contractor for roof repairs. This oversight led to a significant delay in closing and forced the buyer to negotiate a reduced purchase price to cover the lien.
We started to talk to a couple who lived in one property, and they told us to call their realtor. One of the first things he said was that he wanted to get to know us, our desires, and our likes and dislikes. We ended up looking at three-bedroom properties instead of two, and the one we chose was beautifully renovated and move-in ready. I appreciated that he was patient and let me work through my decisions without pressure. It was a very professional experience, and he was not only technically competent but also emotionally supportive. He took the time to really get to know us, which is not something you always get from realtors.
– Verified Customer, Customer Review
Association Dues and Assessments
Condo and HOA dues can also lead to liens if not properly addressed. During an estoppel review, a buyer discovered unpaid association fees that the seller had neglected. This discovery nearly derailed the transaction, as the buyer had to decide whether to cover the fees or risk losing the property.
Where It Usually Blows Up
Liens typically surface during the title search phase, which is often close to closing. This timing is brutal because buyers have already invested time and money into inspections, appraisals, and loan approvals. When a lien is discovered late, buyers can face unexpected costs, delays, or even the loss of their earnest money deposit if they choose to walk away.
What I Tell Clients Before They Risk Money
- Conduct a Title Search Early: Ensure a comprehensive title search is done to uncover any existing liens.
- Review Estoppel Certificates: Check for unpaid association dues or assessments that could lead to liens.
- Verify Contractor Payments: Confirm that all contractors have been paid to avoid construction liens.
- Check Permit Compliance: Ensure all renovations have the necessary permits to prevent future issues.
- Consult with a Real Estate Attorney: Get professional advice to navigate any potential lien issues.
Let’s continue this conversation.
Call me at 941.400.8735 or schedule a 15-minute call. I’ll tell you what I would look for.
Call 941.400.8735 or Schedule a Call
Questions Clients Actually Ask
What is a construction lien?
A construction lien, governed by Florida Statute 713, is a legal claim against a property by a contractor or subcontractor who has not been paid for work performed. It can delay or derail a property sale if not resolved.
How can unpaid association dues affect my purchase?
Unpaid association dues can result in a lien against the property, discovered during the estoppel process. This can lead to closing delays or force the buyer to cover the unpaid amounts to proceed with the purchase.
My wife and I have owned nine houses/ condos. Eric Teoh rates right at the top as a realtor and person for being competent, caring and thorough. Eric led our search, offed excellent insights and was successful in finding our most recent purchase. Eric has truly gone the “extra mile” by checking while our condo was being renovated after the sale. He , also, checks the property while we are away. We have found Eric to be an excellent listener, who had our best interest in mind during our search and purchase. Eric is approaches his duties with a genuine positive professinal attitude. Eric has my permission to give you my contact information, if, you would like to talk with me.
– coach pariseau, Zillow Review
What To Do Right Now
Order a title search and estoppel certificate as soon as you enter into a contract to identify any potential liens early.
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Michael Renick · Licensed Florida Real Estate Broker
License #BK3241900 · Verify on Florida DBPR
Mangrove Realty Associates Inc / Team Renick · Serving Sarasota & Manatee Counties since 2011
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