• What Is the Florida Homestead Exemption and How Do You Qualify?

    What Is the Florida Homestead Exemption and How Do You Qualify?

    What Is the Florida Homestead Exemption -- and How Do You Qualify? Quick Answer The Florida homestead exemption reduces your home's assessed value by up to $50,000 for property tax purposes -- saving most homeowners $750 to $1,000 per year. To qualify, the home must be your primary residence as of J

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  • Can a Buyer Back Out of a New Construction Contract in Florida?

    Can a Buyer Back Out of a New Construction Contract in Florida?

    Can a Buyer Back Out of a New Construction Contract in Florida? Quick Answer Yes, a buyer can back out of a new construction contract in Florida -- but the consequences depend entirely on the contract terms. Builder contracts are heavily weighted in the builder's favor and typically have very limite

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  • What Are Typical Closing Costs for Home Buyers in Jacksonville?

    What Are Typical Closing Costs for Home Buyers in Jacksonville?

    What Are Typical Closing Costs for Home Buyers in Jacksonville? Quick Answer Home buyers in Jacksonville and Northeast Florida typically pay between 2% and 4% of the purchase price in closing costs. On a $400,000 home, that's $8,000 to $16,000 in fees due at closing -- in addition to your down payme

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