The Real Estate Industry in Florida
is a $50 Billion Dollar a year business!
Every one dollar that is spent on a
new construction generates over two dollars of economic
activity. The Real Estate Industry in Florida provides
more than 700,000 jobs with annual wages over $13
As a Florida resident, you are
eligible to declare the first $50,000 of value on your
new home as exempt for tax purposes. The criteria for
this exemption is:
* The home was purchased before December 15th and was
made your permanent
residence before January 1st; for multiple owners, all
must reside on the property.
* It is not rented out
* Or claimed under another exception.
Florida homes have a distinctive
personality all their own. Most have large vaulted
ceilings, screened in swimming pools, large windows,
spacious lanais (outside rear porch area, which is
usually near the pool) and stucco finishes outside. You
won't find many basements or stand up attics or
One of the main advantages of Florida
property is the value. You get much more of the money in
Florida! The typical Florida home has two to three
bedrooms with one to two baths. These homes also come
with shingle or Spanish tile roofing. Carpets and tile
floors. These home are mostly made of concrete block
with a stucco finish. Also, vaulted ceilings and open
floor plans are very common. Pools are another common
amenity and as the property values increases the value
of the pool also appreciates.
Deed Restrictions are a major Florida
oddity for some new residential communities.
Some Deed Restrictions that we have
seen are as follows:
* No chain link fences, but stockade type were allowed.
* No satellite dishes,
unless concealed by stockade fence.
* No clothes lines,
unless concealed by stockade fence.
* No parking of RV's,
campers, boats, or vehicles with your company name
in your own
driveway or street after certain hours (usually 6pm-6am)
* Restrictions allowing
your pets to roam your own property without a fence or
* In some adult only
communities, children are not allowed to stay for
of time -
even for vacations!
These are just a few that we've
encounter. So, please read the deed restrictions,
restrictive covenants, and declaration and by-laws of
the homeowners association of any community you are
thinking of moving into.
Some real estate experts suggest that
a potential new resident travel throughout the state and
rent rather than buy for the first year. This way you
can find a community that provides the activities,
interests and hobbies that he or she have always wished
Ready to Buy a Home
Whether to build a new home or buy an
existing resale home?
When shopping for your Florida home,
who should you use? Who knows the area and the values of
homes? A REALTOR! Even if you're shopping for a
new home to be built take a realtor with you.
Main reasons why you should always
take a Realtor with you is because price does not change
when you use your realtor. On-site agents are employed
by the builder. Builder's use their own contract with
clauses written to protect them. When you are on the
builder's turf, the builder sets all the rules.
All the benefits when using a
* Compare resale's with models of different builders.
* Advise on marketability
of different area, price ranges and floor plans.
* Compare prices of same
model/plans from same builder at different communities.
* Advise on options to
house in terms of value.
* Assist in preparation
of Sales Agreement and Clauses.
* Coordinate timing of
certificate of Occupancy and dates.
* Coordinate walk through
inspection prior to closing.
* Follow through with all
details to closing.
Before looking at any houses there
are things that you better know before hand:
* What's the neighborhood like?
* What are the taxes?
* What will the utility
* How far will you have
to travel for school, church, shopping, doctors office,
* What is the traffic
flow like in front, alongside and near the property?
* Are there any railroad
tracks or airport flight overhead?
* What are other comparable
homes in the area selling for? You don't want to overpay
carried away with too many snazzy options or finishing
* What are the closing
costs going to be?
* Who has the best rates and services in the mortgage
field? Banks or Mortgage
How to protect yourself
Coordinate your initial visit to a
community with your realtor. If you are visiting a new
home community without your realtor, make you you follow
* Do Not Sign Anything! Even a harmless guest or
* Tell the builder's
agent that you are working with a Realtor. ( Takes the
* Give the builder's
agent the business card of your Realtor, if you're
interested in that
builders models then go back with your Realtor when you
Now your ready to go forward
Our web site has numerous numbers of
different Builders, Real Estate Companies and Realtors
to help your move to Florida easy.
Start your research by visiting our
Counties Page to find these companies. Good Luck!