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4 Things to Know Before Buying a Home in Florida

Wednesday, July 19, 2017   /   by Jordana Tobel

4 Things to Know Before Buying a Home in Florida

Different states have different laws and common practices when it comes to buying a home. Here are 4 important things to know if you’re thinking of buying a home in Florida.


1. Attorneys are Not Required at Closing.

Most Florida real estate transactions are closed with title agents

Many title companies have real estate attorneys on staff for as-needed consultations

You may, of course, retain the services of a licensed real estate attorney at any point in your Florida real estate transaction, at your cost


2. Insurance is Important.

In addition to homeowner’s insurance, your lender may require flood insurance

Homes with older roofs, or roofs that do not meet certain wind mitigation standards, may be tougher to insure, often requiring higher premiums

Your insurer may charge a higher rate if your home has older plumbing (e.g., galvanized pipes), outdated electrical, or doesn’t have hurricane shutters (or hurricane impact windows and doors)

Get an insurance quote as soon as your contract is signed and finalize the details well in advance of your closing date


3. Florida is a Homestead State.

• Florida homeowners can file for a homestead exemption worth up to $50,000 (home must be your primary residence)

• The exemption reduces the amount of property taxes Florida homeowners must pay, and limits how much their taxes can increase each year

• Rules & restrictions apply, so be sure to check the fine print.


4. It’s Important to Use a Realtor.

You don't need to know everything about buying and selling real estate if you hire a Premier Listings real estate professional. We will guide you every step of the way.

Agents take the spam out of your property showings and visits. Your time is precious. We will make sure you don’t waste yours!

We will identify comparable sales PLUS information that isn’t readily available. For example, you may know that a home down the street was on the market for $350,000, but an agent will know specifics like upgrades etc.

Based on market supply, demand and the conditions, we will devise a negotiation strategy to make sure you get the best deal possible.

Data such as the average price per square foot, average sales prices, days on market and ratios of list-to-sold prices, among other things, will have a huge bearing on the buying process. Our agents will provide this useful information.

We are skilled at what we do! We are professionals who are trained to present your offer in the best light and get your offer accepted.

Today's purchase agreements run about 12 pages. That does not include the federal- and state-mandated disclosures. One tiny mistake or omission could land you in court or cost you thousands. Let us guide you through this.

Premier Listings’ has a large network of agents and inventory. We have information before everyone else – such as homes that haven’t hit the market yet and more.

Premier Listings’ agents are always available to make your transaction smooth and stress-free! Don’t go it alone.  




Premier Listings
844 - 521 - S O L D
134 NE 1st Ave
Delray Beach, FL 33444
954-661-1969

The multiple listing information is provided by MIAMI Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listingare © 2018 MIAMI Association of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
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