FAQ's

Florida home buyers typically pay closing costs for lender fees, title-related charges, prepaid taxes and insurance, recording fees, and other transaction expenses. The exact amount varies by price, loan type, county, and whether the seller agrees to contribute.

Florida sellers commonly pay title-related costs, documentary stamp taxes on the deed, possible HOA or condo fees, prorated property taxes, and real estate agent compensation. Costs vary based on contract terms and location.

No, you are not legally required to use a real estate agent, but most buyers choose to work with one. An agent helps with pricing, showings, negotiations, contracts, and navigating the entire process.

Florida’s homestead exemption can reduce the taxable value of your primary residence by up to $50,000, helping lower your annual property taxes. It also provides additional protections, such as caps on assessed value increases.

You must apply through your county property appraiser by March 1 of the tax year. Many counties allow you to apply online.

Yes, eligible homeowners can transfer their Save Our Homes benefit (also called portability) from one Florida home to another, as long as they meet timing and eligibility requirements.

In most Florida real estate contracts, the default inspection period is 15 days after the effective date, unless otherwise specified in the agreement.

Yes, buyers can typically cancel the contract during the inspection period if they are not satisfied with the property, provided they follow the contract terms and deadlines.

You can check a property’s flood zone by using FEMA’s Flood Map Service Center. This information is important because it can impact insurance requirements and overall costs.

Flood insurance is usually required if the home is located in a high-risk flood zone and financed with a mortgage. Even if it’s not required, many homeowners choose to carry it for protection.

HOAs and condo associations may charge estoppel, transfer, and application fees. These vary by community but are common in Florida transactions.

Yes, Florida law gives condo buyers a review period to review association documents and cancel the contract if needed.

You should ask about their experience, local market knowledge, marketing strategy, communication style, and how they handle negotiations and contracts.

A home’s list price is based on comparable sales, current market conditions, property condition, location, and demand. A real estate agent analyzes these factors to recommend a competitive price.