Earnest Money Deposit vs Down Payment
When buying a home, you’re sure to hear a number of new terms from your lender and your realtor. Two important ones to make note of are the down payment and earnest money deposit. Both involve cash that you’ve saved up to put toward the purchase of your home. You can think of a down…
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What is a Seller’s Property Disclosure?
In Florida, sellers must disclose any conditions or facts about the house or property they are selling that impact its value or desirability. The seller’s property disclosure is a form used for sellers to disclose all material information about the home they are selling. In Florida, sellers must disclose any conditions or facts about the…
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Home Buying Etiquette – 13 Rules to Follow
Having good home buying etiquette is critical for buyers. You do not want to be in a situation where you love a home, but the sellers did not love the way you behaved in their home. When looking at homes to buy, here are a few rules that you should follow to show respect to…
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HOA Fees in Florida
When evaluating your budget for purchasing a home in Florida, you need to account for more than just a monthly mortgage payment. Florida homeowners incur other expenses too, like utilities, real estate taxes, and, in many cases, HOA fees. Below, we’re going to look at exactly what homeowner association fees are, what they cover, and…
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Moving to Palm Beach County in South Florida? What You Should Know
Palm Beach County is the third-most populous county in Florida and the 25th most populous county in the United States. It’s home to gorgeous beaches, exciting nightlife, captivating nature sights, excellent schools, and ample job opportunities. So, it’s no surprise if you’re thinking of moving here. Of course, before you do, there are a few…
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Florida Homestead Exemption – What You Should Know
Buying a house in Florida has more perks than just the sunny weather. In fact, many people who retire to Florida do so for lower property tax rates and the homestead exemption. Both of which make owning a Floridian home a lot more affordable. Below, we’ll take a look at the Florida homestead exemption and…
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What is a 55+ Community?
55+ communities are established communities where the majority of homes have at least one resident who is 55 years of age or older. Many communities feature collections of smaller homes, apartments, and condos with shared community spaces like golf courses, clubhouses, fitness centers, walking paths, and dining areas. All home features and amenities are designed…
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Why Do People Retire to Florida?
In 2022, Florida took the top spot on RetirementLiving’s Best States for Retirement. All because of its abundance of recreational opportunities, senior communities, and residents over age 65. Retirees love it here, citing the low taxes, lower cost of living, and excellent golf weather as reasons for retiring in the Sunshine State. Of course, those…
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Use of an Escalation Clause in Florida Real Estate
Even with the Fed’s recent rate hike, the housing market in Florida still looks strong. Demand is high, so buyers must find ways to make their offers stand out. One method that grew in popularity during 2021 is using an escalation clause. Escalation clauses vary in verbiage but essentially state that a buyer is willing…
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What is an HOA Community
If you are thinking about relocating to Florida like many other, you may have learned that 67.3% of homeowners in FL live in a Homeowners Association(HOA) community. This makes Florida the state with the highest number of concentrated HOAs per capita of homeowners. In this article we explain what an HOA is, what they are…
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