What is a home sale contingency in Davie, FL? A home sale contingency makes your offer on a Davie home conditional on selling your current house first, so you are not stuck carrying two mortgages. In Florida it is added to the FAR/BAR contract as Addendum V, the Sale of Buyer’s Property addendum. Sellers protect…
How Do You Protect Your Closing Funds From Wire Fraud in Davie? Verify wire instructions by phone before you send a dollar. Wire fraud happens when a criminal hacks an email in your transaction and sends fake closing instructions that route your funds to their account. Call your Davie title company at a number you…
What is a cloud on title in Davie, Florida? A cloud on title is any unresolved lien, recording error, or legal claim that makes your ownership of a Davie, Florida home uncertain, and it stops a closing cold because the title company will not insure it and your lender will not fund. Common clouds include…
What should you know before moving from Colorado to Davie, FL? Moving from Colorado to Davie, Florida trades a flat state income tax for none at all, swaps dry mile high air for a humid subtropical climate, and turns mountain views into acreage you insure against hurricanes and flooding instead of wildfire. Your housing budget…
What should you know before moving from Arizona to Davie, FL? Moving from Arizona to Davie, Florida trades a flat state income tax for none at all, swaps dry desert heat for a wet subtropical climate, and turns dry ranch lots into acreage you insure against hurricanes and flooding. Your housing budget behaves differently too….
Does a seller have to disclose a death in a house in Florida? In Florida, no. Under Florida Statute 689.25, the fact that a home was, or was suspected to have been, the site of a homicide, suicide, or death is not a material fact a seller or agent must disclose, and that holds for…
What conveys when you buy a home in Davie, Florida? When you buy a home in Davie, anything built in or attached to the house usually conveys with it, and the Florida FR/BAR contract also lists everyday items that stay unless the seller excludes them in writing. That list covers the range, refrigerator, dishwasher, ceiling…
Can You Assume the Seller’s Flood Insurance Policy When Buying in Davie? Yes. If the home carries a National Flood Insurance Program policy, the seller can assign it to you at closing. You take over the existing policy and its rate history, including any lower grandfathered rate, instead of buying a fresh policy at today’s…
Should you move from South Carolina to Davie, Florida? Moving from South Carolina to Davie trades one warm state for another, so the real drivers are no Florida state income tax, the South Florida job market, and family, not a lower cost of living. South Carolina already has lower property taxes, cheaper home insurance, and…
How does the cost of living in Davie, FL compare to major tech hubs? Davie, FL costs far less to live in than major tech hubs like San Jose, Seattle, or Denver. Your housing budget stretches much further here, and if you are leaving California or Colorado you also drop a state income tax. The…
Who pays documentary stamp tax in Davie, Florida? In a Davie, Florida closing the seller generally pays documentary stamp tax on the deed at 70 cents per $100 of the sale price, and the buyer generally pays doc stamps on the loan at 35 cents per $100 plus a separate intangible tax of 0.2 percent…
Should you sell your Davie home or rent it out? In Davie, the sell or rent decision turns on a Florida tax detail most owners never run. Rent your home for more than 30 days in two consecutive years and you lose the Homestead Exemption and the Save Our Homes cap, so the county reassesses…
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