Top 5 Things You Should Know Before Buying a House in Florida
When it comes to buying a house, different states have their own different laws and practices that you should study before jumping out and buying your Florida’s home. Thinking of buying yours sooner? Well, here are our top five things that you should know before buying your house.
- Find your realtor. A realtor also called as transaction broker is what you need if you’re eyeing a house. They can work fairly with different parties and they all know the facts in everything about homes such as materials, value and other things that you should know. A transaction broker in Florida should be licensed and can represent buyers or sellers. A good Realtor will know all the neighborhoods you are interested in and keep you from making a mistake. They can run comps , negotiate the deal on your behalf, write up the offer , etc.
- Homestead State. Florida is a homestead state and homeowners can file for an tax exemption worth $50,000 and up.
- Keep in mind about insurance. This can be one of the most challenging parts when it comes to buying a home in Florida. You have to get an insurance quote as soon as you have your contract signed. In Florida getting Hurricane insurance is a must.
- During closing, you don’t need an attorney. In Florida, most of the real estate transactions are closed with their title agents. Real estate attorneys are needed for consultations ad most companies in Florida have them. If you need one, you may retain your real estate attorney’s services at your own cost.
- A foreclosure is a judicial process that can take years to complete.
