Amanda Courtney

The best way for a home buyer to receive a financial gift is through a properly documented gift letter approved by the mortgage lender. The letter should confirm the funds are a gift, not a loan. Always verify your lender's requirements before the transfer and ask your real estate agent to guide you through the process.

Yes, a family member can contribute toward your mortgage buydown. Most lenders treat this as a financial gift for closing costs, which means a gift letter and proof of funds are required. Speak with your mortgage lender early so everything is documented correctly to ensure your home loan approval goes smoothly.

When buying a home sight unseen, it is important to work with a trusted local real estate agent who can provide video tours, detailed neighborhood information, and professional guidance. Include inspection and appraisal contingencies in your real estate contract to protect yourself and make sure you feel confident purchasing a home you have not visited in person.

To cancel a buyer's agreement with a real estate agent, review the terms of the contract carefully. Most agreements explain the cancellation process and whether a notice period or fee applies. The best approach is to first have an open discussion with your agent and then follow up with written notice to protect your home buying process.

Right of first refusal in real estate gives a person or group the first opportunity to purchase a property before the seller can accept another offer. If they decline, the seller is free to move forward with other buyers. This clause often comes up in situations involving tenants, family members, or homeowners' associations, so it is important to understand if it applies when buying or selling a home.

Refinancing a mortgage may cause a temporary dip in your credit score because lenders perform a hard credit inquiry during the application process. Typically, this is only a few points and often recovers within a few months as long as you make on-time payments. Over the long term, refinancing can actually improve your credit if it lowers your monthly payment or helps you pay off debt faster.

There is technically no limit on how many times you can refinance your home. However, most lenders require a seasoning period (often 6 months to a year) between refinances. The real question is whether refinancing makes financial sense. You'll want to weigh the closing costs, interest rate savings, and how long you plan to stay in the home before deciding.

Yes, in many cases you can combine adjoining parcels of land into one deed, a process often called a " lot combinationaEUR? or " parcel consolidation.aEUR? This typically requires filing paperwork with your local property appraiser or county recorder's office. Local zoning laws, HOA rules, and tax assessments can all play a role, so it's best to work with a local real estate attorney or title company to complete the process correctly.

Buying a home through back taxes usually happens at a tax deed sale or tax lien auction. Counties in Florida and across the U.S. auction properties when taxes go unpaid. While it can be a way to buy a home below market value, it comes with risks such as title issues, liens, or even redemption periods where the original owner can reclaim the property. Always do thorough due diligence and consider hiring a real estate professional experienced in tax sales before pursuing this strategy.

Nope! Florida does not charge sales tax on the purchase of real estate. When you buy a home, you'll be responsible for closing costs, property taxes, title fees, and possibly documentary stamp taxes, but not sales tax. This is one of the reasons Florida is considered tax-friendly for homeowners.

No, you do not pay sales tax when you purchase a home in Florida. Instead, you will see other closing costs such as title insurance, recording fees, and in some cases a state documentary stamp tax on the deed and mortgage. These are one-time fees that vary depending on the purchase price and financing. A knowledgeable real estate agent can walk you through each cost so there are no surprises at closing.

In most real estate transactions, who pays for major repairs or expenses depends on what is negotiated in the contract. In Florida, sellers are required to disclose known defects, but they are not automatically responsible for fixing everything. Often, repairs or credits are worked out during inspections. An experienced agent can help you negotiate so that large expenses are fairly addressed before closing.

Not at all. Open houses are designed to welcome potential buyers, neighbors, and even those just exploring the market. It is perfectly acceptable to browse as long as you are respectful of the property and the hosting agent. If you are working with a RealtorA(R), it is always good etiquette to mention that when you sign in. Attending open houses can be a great way to learn more about neighborhoods and pricing trends in your area.

A private or pocket listing can sometimes limit your exposure. When your home is not marketed through the MLS, fewer buyers and agents will know it is available, which can reduce competition and affect your final sale price. However, in some cases such as selling a luxury property where privacy is important, it can work to your advantage. The right strategy depends on your property, price point, and goals. A local expert can advise which approach will net you the best results.

Easements can vary, but in Florida they are often found along the sides, front, or back of a property to allow utilities, drainage, or shared access. A side easement may run from front to back, but not always. The exact location will be shown on a survey or title report. Before purchasing, it is important to review these documents so you know where easements are and how they may affect your ability to build a pool, fence, or addition.