5 Things To Know Before Buying a House In Florida
Why wouldn’t you want to live in the sunshine state? Between the beautiful weather, delicious food, and the myriad of activities, more and more people are moving down south. But, before you decide on buying a permanent residence, there are some laws you should know when it comes to buying a home in Florida.
1. Your realtor is also your transaction broker. A transaction broker’s job is to facilitate the buying process. All Florida real estate licensees are assumed to be transaction brokers, unless other arrangements are made.
2. Attorney’s are not required at closing. Most Florida real estate transactions are closed with title agents. But, many companies have attorneys on staff if need be!
3. Insurance can be a challenge. Not only do you is homeowner’s insurance required, you may also need flood insurance. You may receive a higher premium on homes with older roofs, plumbing, and electric.
4. Foreclosure is not a fast process. It can sometimes take up to a year or more to complete.
5. Florida is a homestead state. This means that homeowners can file for an exemption that reduces their property taxes. It also limits how much their taxes can increase each year.
If you bump into plumbing, cooling, or electrical problems in your home, don’t hesitate to call the professionals at Jupiter-Tequesta! Our technicians are here to help you get things back up and running!
Visit our website to learn more about our services, or give us a call to speak with a representative directly:
Tequesta: (561) 747-5740
Palm Beach: (561) 626-6822
Martin: (772) 546-2822
St. Lucie: (772) 546-2822
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