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Category: Florida Real Estate

Florida’s Controversial New Law: Limitations of Foreigners Acquiring Real Property

Thu Jul 6, 2023 on Florida Real Estate & News

Florida’s Controversial New Law: Limitations of Foreigners Acquiring Real Property

As of July 1, 2023, Florida’s recently enacted legislation, SB264, restricts certain foreigners from buying or owning  Florida real estate. Specifically, the new law, codified in Florida Statutes 692.202-204,  provides land ownership restriction, prohibiting “foreign principals” from owning or acquiring agricultural land or real property within ten miles of any military installation or critical infrastructure facility,  foreign principals include individuals […]

Do cash homebuyers have an advantage?

Tue May 9, 2023 on Blog & Florida Real Estate

Do cash homebuyers have an advantage?

Cash offers on homes have increased substantially over the last few years. In 2022, according to Redfin, 30% of all home sales were paid with all cash with 64% of all $1 million plus sales in Palm Beach, Miami-Dade, and Broward counties as well as 46% those under $1 million being cash deals. What are the Seller Advantages? Although it may be […]

Florida’s Affordable Housing Law

Fri Apr 14, 2023 on Florida Real Estate

Florida’s Affordable Housing Law

The Live Local Act is Florida’s response to the housing crisis affordable legislation, designed to provide developers with substantial tax breaks and hundreds of millions of dollars in funding. On March 29th, the Governor signed this Act into law which is to take effect on July 1. What does the Live Local Act do? The Act includes $259 million for […]

Best Home Deals? New Construction!

Tue Mar 14, 2023 on Florida Real Estate

Best Home Deals? New Construction!

While there still are residential home buyers waiting to buy until mortgage rates lower and with home appreciation prices slowing, there are nevertheless opportunities for homebuyers in the new construction market. Why? High construction costs, rising interest rates, inflation, and buyer concerns concerning job security all pose challenges to builders, According to the National Association of Home Builders (the NAHB), sales […]