Tips on Buying a Home

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Beach House8 Purchasing Real Estate is always one the biggest  decisions  of  your life. 

 It often involves a substantial portion of your savings.

 I understand, personally and will help you every step of  the  way, going above and beyond the call of duty.

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 If purchasing a CONDOMINIUM I will help you all the way  through the process.

 Not only finding you the perfect apartment but walking you  through the application process, explaining the contract, as  well as making referrals to time tested Title and / or legal  professionals.

 

When purchasing a PRIVATE HOME or TOWN HOUSE, your two choices, in most cases regarding structure are ENGINEERED WOOD or CONCRETE.

  •  WOOD FRAME: There is a possibility of somewhat higher maintenance costs but wood   is better in terms of energy efficiency.

  • CONCRETE: Better sound proofing and more durable.Listing details should include information on which type of construction  a home is.I will guide you through the process and make sure you are working with the absolute best professionals regarding Title and legal issues.

    HOMESTEADING AND HOW IT EFFECTS TAXES:

                           Each individual, owning and residing in real property in Florida on January 1, of a given year and who makes the property their permanent, primary residence is eligible to receive a homestead exemption of up to $50,000. The first $25,000 applies to all property taxes, including school district taxes. The additional exemption up to $25,000 applies to the assessed value between $50,000 and $75,000 and only to non-school taxes.   

FLORIDA REAL ESTATE TAXES:

THEY ARE ALWAYS PAID IN ARREARS (BASED ON THE PAST YEAR)

THEY ARE CALCULATED DIFFERENTLY FROM OTHER STATES. IT IS ADVISABLE TO ASK AN EXPERT TO BE CERTAIN.

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 Beverly Feingold, Broker Associate   

917-209-2384    

BeverlyFeingoldHomes@gmail.com

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