Homestead exemption and portability: Ways to save on your property taxes

The Florida Homestead Exemption is intended to give homeowners in the Sunshine State a significant reduction on the real estate taxes on their primary domicile. Here is a quick rundown on what you need to know.

Beware of these top real estate scams

In 2017 over 9,500 individuals became victims of real estate fraud, amounting to over $56 million in losses, according to the FBI. Real estate scams still exist, so watch out for the following types of deception.
1031 exchange

9 Steps to a 1031 Exchange

1031 Tax Exchange transactions are a great way to defer all taxes from capital gains if you sell one property and reinvest in another.

What are the tax benefits of 1031 Exchange?

Named for a specific section of the tax code,1031 exchanges are a valuable tool for real estate investors. Though the IRS does require that the exchanging investor meet some very specific requirements, 1031 exchanges provide some very important tax benefits. Here are the most notable.
coral springs short sales

IS BUYING A SHORT SALE A GOOD DEAL?

Is buying a short sale a good deal? What you should know about purchasing a home offered as a short sale.
first time home buyers

First Time Home Buyer Real Estate Tips

When it comes to buying real estate, first-time home buyers may think they are at a disadvantage. If you have not bought your first home, your lack of experience could end up costing you thousands or even tens of thousands of dollars. Here is a look at some of the common real estate mistakes first-time home buyers must avoid.
All Property Title Real Estate trends

Real estate trends to watch for in 2018

These first several weeks of the new year have been enlightening and the following is a quick look at what the industry experts have to say about the trends promising to shape the 2018 real estate market.
foreclosure defense

Options For A Mortgage Foreclosure Defense From a Real Estate Lawyer

When dealing with a foreclosure, there are a few strategies that can be looked at when deciding what option is best for you.
homestead portability

Have you taken advantage of the Homestead Portability tax exemption?

In Florida, the Save Our Homes Amendment to the Florida Constitution prevents the assessed value of homestead property from increasing more than 3% per year, or the percent change in the Consumer Price Index, whichever is lower. 

THE FLORIDA HOMESTEAD EXEMPTION ─ GENERALLY

Homestead exemptions are only available on an individual’s primary home. This exemption does not apply to businesses, rental property, second homes, homeowners claiming permanent residency-based exemptions or tax credits in other states, or homes with owners that do not claim Florida as their primary residence.