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Bridget Bass | South FL Life & Real Estate: Premier Listings Blog

Friday, January 8, 2021   /   by Bridget Bass

How to Apply for the Florida Homestead Tax Exemption

What is the Florida Homestead Exemption?

It is a tax exemption offered to Florida property owners that can reduce their property tax liability. This exemption helps thousands of Florida homeowners save money on their property taxes every year. Further benefits are available to property owners with disabilities, senior citizens, veterans and active duty military service members, disabled first responders, and properties with specialized uses. 


How does it work?

It’s offered based on your home’s assessed value and offers exemptions within ranges of your homes value. Specifically:

For the first $50,000 in assessed value of your home, up to $25,000 in value is exempted. (This exemption applies to all property taxes, including those related to your school district.)
You pay full taxes on any value between $25,000 and $50,000.
For any assessed value between $50,000 and $75,000, an additional $25,000 is eligible for exemption. (but this exemption does not appl ...

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  south florida real estate, premier listings, home buying tips, home selling tips, homebuying tips, homestead, homestead property exemption, tax exemption

Wednesday, October 7, 2020   /   by Bridget Bass

Do You Need a Realtor When Buying a New Construction Home?

There are some amazing perks to buying a new construction home: the opportunity for full personal customization, brand new appliances, amenities, and state-of-the-art home technology. 


If you're in the market for a brand-new home and didn't think about hiring your own agent: YOU SHOULD! You could always go straight to the developer's agent, but you're definitely going to want an expert on your team who will represent your side of the deal. The keyword here is "expert". Purchasing new is an altogether different landscape to navigate than purchasing resales. Make sure your agent is equipped with the skills to protect your interests every step of the way.

The Builder's Agent vs Your Real Estate Agent

It is important to identify who is on what side and the role each person will play in the transaction. In a new construction deal, the builder plays a dual role also functioning as the "seller". That being said, the builder's agent's primary goal is to generate sales for the b ...

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  south florida real estate, premier listings, real estate, first time home buyers, home buying tips, homebuying tips, westlake florida, new construction

Wednesday, September 30, 2020   /   by Bridget Bass

Common Closing Costs to Prepare for When Selling Your Home

Buyers are not the only ones who have to pay closing costs! 
  If you're planning to sell your home, you should consider the portion of closing costs you will have to pay as a factor in determining your sale price. Most of the closing costs will be deducted from the profit on the sale of your home.
  While closing costs for sellers can differ due to variations in local tax laws and other requirements, you can expect to pay anywhere from 8% to 10% of the home's sale price during the closing, according to Zillow.com. It’s important that you know about these potential costs to understand your obligations as a seller and avoid unwanted surprises at closing. 


Here are some of the most common closing costs for sellers:



1. Real Estate Agent Commissions
 
A typical commission is usually between 4 and 6% of the sales price of the home, which will be split between the listing agent and the buyer's agent. The real estate commission is usu ...

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  premier listings, real estate, home selling tips, listing agent, listing strategies, sellers

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134 NE 1st Ave
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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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