Selling in Florida Archives

Example Combined Tax Memorandum Notice. How much are School Board taxes? Ad Valorem vs Non-Ad Valorem taxes & what they mean & more.

Understanding Your Miami Florida Real Estate Taxes

By Sonja Gosine, Spokesperson at Hauseit® / November 9, 2023

On November 1st of each year, the property taxes owed for that tax year are released (both online and by mail). If you pay your property taxes before November 30th, you get a 4% discount for paying early. It's important [...]

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What are Citizens assessments? Who has to pay? What if you can't pay an assessment post-hurricane? About Citizens Property Insurance & more.

What if Citizens Property Insurance Runs Out of Money?

By Sonja Gosine, Spokesperson at Hauseit® / August 24, 2023

You may have purchased a homeowners insurance policy from Citizens Property Insurance because you couldn't get comparably priced coverage (or coverage at all) with a private Florida insurance company. So sure, the rates are usually attractive, but is there a

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What is Market Value? Assessed vs Taxable Value. Homestead Exemption vs Non-Homestead Cap. Can you transfer the Save Our Homes Cap & more.

How Much Is Property Tax in Miami?

By Sonja Gosine, Spokesperson at Hauseit® / August 22, 2023

When you purchase a home in Miami, you can expect to pay running annual property taxes of approximately 2% of the purchase price on a go-forward basis. While this sounds exceptionally high and on par with the highest rates of

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How to Rent Out Your House

By Sonja Gosine, Spokesperson at Hauseit® / June 5, 2023

If you've never been a landlord before, it may seem overwhelming to rent out your home for the first time. However, we'll show you in this article that it's actually quite straightforward, with step-by-step advice on how to get started.

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Depreciation Recapture

By Sonja Gosine, Spokesperson at Hauseit® / May 3, 2023

Depreciation recapture refers to real estate investors being taxed at a maximum of 25% on the lifetime depreciation of a property when an investment property is sold. There is no depreciation recapture tax if a property is sold at a

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Florida home sellers must disclose all known facts that materially affect the value of the property and that are not readily observable by the buyer.

What are Home Seller Disclosure Obligations in Florida?

By Sonja Gosine, Spokesperson at Hauseit® / April 24, 2023

Florida home sellers are legally required to disclose all known facts that materially affect the value of the property being sold and that are not readily observable or known by the buyer. Examples of mandatory disclosure items include known defects

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The step-up in basis for real estate allows real estate investors & their heirs to benefit from reduced income & capital gains taxes.

The Step-Up in Basis for Real Estate Explained

By Sonja Gosine, Spokesperson at Hauseit® / April 4, 2023

The step-up in basis in real estate is an important tax provision that applies to real estate and other assets transferred at death. It allows heirs to receive inherited property with a new basis that is equal to the fair

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Do liens have an expiration date or do they stay on a house forever? Mechanic's liens vs tax liens, how to remove a lien & more.

How Long Does a Lien Stay On Your Property?

By Sonja Gosine, Spokesperson at Hauseit® / March 27, 2023

Contrary to what you might expect, most liens will expire after a certain amount of time, from 1 year for mechanic's liens in some states to unlimited for property tax and common charge liens until the debt is paid off.

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Florida real estate sales associates and brokers must complete 14 hours of continuing education every 2 years. The first renewal requires extra hours.

Florida Real Estate Agent Continuing Education Requirements

By Sonja Gosine, Spokesperson at Hauseit® / February 9, 2023

Florida real estate sales associates, brokers and broker associates with an active license must complete 14 hours of continuing education (CE) in each two year renewal period. The 14 hour requirement consists of 8-hours of specialty continuing education, 3-hours dedicated

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Step-by-step overview of the Florida eviction process. What happens when the tenant doesn't have a lease? Notice periods & more.

The Florida Eviction Process Explained

By Sonja Gosine, Spokesperson at Hauseit® / December 13, 2022

The Florida eviction process is relatively landlord friendly and efficient, taking on average only 2-3 weeks to complete vs 6 to 9 months on average in hyper-tenant friendly New York. The Florida eviction process usually begins when a landlord gives

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