The Florida Department of Revenue’s guide for homebuyers explains the sequence: the seller’s benefits remain with the property for the rest of the calendar year in which the purchase occurs, and the property is then reassessed for the following January 1. As a result, an initial tax bill may still reflect the seller’s benefits, while […]
The acronyms do not tell you how much you will pay or what services a property receives. The property tax bill, district documents, recorded association documents, estoppel certificate, and contract answer different questions. What Is the Difference Between a CDD and an HOA in Florida? A Community Development District, or CDD, is a special-purpose local […]
What Are the Stages of Buying a Home? Stage Main Decision Evidence You Should Gather Financial preparation Define an affordable payment and available cash for a specific property, not just a maximum purchase price Loan options, estimated payment, property taxes, insurance, fees, reserves, and cash needed for closing Search Confirm that the home, legal structure, […]
What Should a Condo Buyer Review? Decision Documents or Evidence Question You Need to Resolve Legal ownership Deed, declaration, amendments, plat, articles, bylaws, rules, and title What constitutes the unit, common area, limited common element, parking, storage, and owner's responsibility? Finances Budget, financial statements, reserves, notices, meeting minutes, contracts, and available delinquency data Do you […]
