How do you check for an HOA lawsuit before closing in Davie, FL? You check three sources the estoppel certificate does not cover. Search the HOA’s name in the Broward Clerk of Courts civil case index for active suits, search Broward official records for a Lis Pendens or lien against the community, and read the…
How does Davie home insurance compare to coastal Broward, and does inland really cost less? Davie sits roughly 8 to 15 miles inland from the Atlantic, which places it in a lower wind exposure tier than coastal Broward cities. Most single family homes in Davie with HO3 coverage run about $4,200 to $5,500 a year…
What is a 1031 exchange on a Davie investment property? A 1031 exchange lets you defer federal capital gains tax, the 3.8% net investment income tax, and up to 25% depreciation recapture when you sell a Davie rental and reinvest the proceeds into another investment property. You get 45 days to identify the replacement in…
Do you need both owner’s and lender’s title insurance in Davie? In Davie, Florida a lender’s title policy protects only your mortgage lender for the loan balance, while an owner’s policy protects you for the full purchase price and your equity for as long as you own the home. In Broward County the buyer customarily…
Does no HOA mean you can keep horses on Davie acreage? No. A Davie equestrian property with no HOA still follows rules. In Davie, keeping horses is only allowed in the RR, AG, A-1, and R-1 zoning districts, so acreage alone does not make a parcel horse legal. Recorded deed restrictions can ban animals even…
Converting a Davie home from a private well and septic system to city water and sewer usually costs about 8,000 to 20,000 dollars all in. The Town of Davie charges roughly 3,050 dollars to connect water and 2,920 dollars for sewer, and the rest is trenching, plumbing, and abandoning the old septic tank. The catch…
A buyer moving from New Jersey to Davie, Florida usually cuts property taxes by half or more. New Jersey’s effective property tax rate runs 1.89 to 2.46 percent, the highest in the nation. Davie runs near 1.29 percent after the $50,000 homestead exemption. On a $500,000 home that is roughly $9,450 to $12,300 a year…
In Florida, property taxes are paid in arrears, so at a midyear Davie closing the seller credits the buyer for the days the seller owned the home, from January 1 through the day before closing. The buyer then pays the full bill when Broward County mails it on November 1. Because the sale removes the…
By Anthony Spitaleri, Broker Associate with Coldwell Banker. Which Davie home electrical panels fail home insurance? Federal Pacific, Zinsco, and Challenger panels and aluminum branch wiring can make an older Davie home effectively uninsurable, and no insurance means no loan funds at closing. Most Florida carriers decline these panels, though Citizens may still write a…
Who pays for title insurance in Davie, Florida? In Davie and the rest of Broward County, you as the buyer customarily pay for the owner’s title insurance policy. That is the opposite of most of Florida, where the seller pays. On a $600,000 Davie home the owner’s policy runs about $3,075 at the state promulgated…
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