Short answer: Florida voters approved Amendment 3 with about 62% of the vote, above the 60% needed. Beginning in 2027, eligible homeowners will see the homestead exemption on non-school property taxes rise from $50,000 to $150,000, then to $250,000 in 2028, with inflation adjustments starting in 2029. The annual assessment cap on non-homestead property such… Continue reading What Does Amendent 3 Passing Mean For Florida Homeowners?
Category: Home Selling
New Appraisal Format To Begin In November 2026
Quick answer: A new appraisal reporting format, the Uniform Appraisal Dataset (UAD) 3.6 and the redesigned Uniform Residential Appraisal Report (URAR), takes effect November 2, 2026 for many conventional loans backed by Fannie Mae and Freddie Mac. Reports are more detailed and can run 45 to 50 pages or more, so appraisals may take longer.… Continue reading New Appraisal Format To Begin In November 2026
Top Luxury Florida Markets That Are Gaining Momentum
Quick answer: As of September 2026, the Florida luxury real estate markets with the most momentum are Palm Beach County (especially West Palm Beach and Palm Beach Island), Miami-Dade County, and the broader South Florida corridor including Broward County. Year to date through September, South Florida closed 10,792 sales of $1 million-plus homes, up 20%… Continue reading Top Luxury Florida Markets That Are Gaining Momentum
Common Steps In An Escrow Dispute
Quick answer: In a Florida real estate escrow dispute, the buyer and seller each claim the earnest money deposit after a deal falls through. The common steps are: (1) the contract fails and both sides make competing demands, (2) the escrow holder freezes the funds, (3) the parties try to resolve the dispute informally as… Continue reading Common Steps In An Escrow Dispute
Intricacies Of Seawall Inspections In South Florida
Quick answer: A South Florida seawall inspection is a hands-on assessment of the wall’s cap, panels, anchors, drainage, and the soil behind it, ideally performed at low tide by a qualified marine contractor or engineer. Owners should inspect at least annually and after major storms. Buyers should make a seawall inspection part of waterfront due… Continue reading Intricacies Of Seawall Inspections In South Florida
Common Red Flags Of Real Estate Fraud
Quick answer: The most common red flags of real estate fraud are a sudden change in wire instructions, unexpected urgency around money, requests that do not fit the normal flow of a transaction, and messages or calls that seem unusually convincing. Because artificial intelligence (AI) can now imitate emails, voices and even faces, the safest… Continue reading Common Red Flags Of Real Estate Fraud
The Silver Tsunami And Nearly 14 Millions Homes
Quick answer: The “Silver Tsunami” is the expected wave of homes that aging Americans will release to the market over the next decade. A Realtor.com research report projects roughly 13.9 million homes will be relinquished, a 33.7% increase over the previous decade. The relief will not be even, though. Family homes (3 to 4 bedrooms)… Continue reading The Silver Tsunami And Nearly 14 Millions Homes
How Often Is the First Offer the Best Offer When Selling a Home?
Quick answer: There is no universal percentage, but the first offer is the best offer more often than most sellers expect. Buyer interest peaks in the first one to two weeks after a listing goes live, and the most motivated, best-qualified buyers tend to act early. That makes the first offer one of the strongest… Continue reading How Often Is the First Offer the Best Offer When Selling a Home?
The Top Kitchen Design Mistakes (And How to Avoid Them)
A gorgeous kitchen photographs beautifully — but the real test happens once someone is actually standing at the stove. Design experts say more homeowners are realizing that looks and livability aren’t the same thing, and that a kitchen has to work before it can truly shine. Quick answer: The most common kitchen design mistakes are… Continue reading The Top Kitchen Design Mistakes (And How to Avoid Them)
Tips For Buying Or Selling A Tenant Occupied Home
Quick answer: Yes, you can legally buy or sell a home that has tenants living in it. In most cases the existing lease transfers with the property, tenants have the right to stay through the end of their lease term, and both buyers and sellers need to give proper notice before showings, inspections, or maintenance… Continue reading Tips For Buying Or Selling A Tenant Occupied Home