If you’re house-hunting in south Florida, you’re not alone. “Of the top 10 states eyed for residency, Florida metros made up 50% of the top 10 go-to state metros,” according to FloridaRealtors.com.
“What COVID did was supercharged migration to South Florida, so it accelerated trends that were already in place,” according to a report in realtor.com. “In 2023, the share of listing views from New York reached an all-time high of 19.6%, meaning that 1 in 5 potential homebuyers were from the Empire State. New York State contributed the most out-of-state demand to listings in Palm Beach County each year, from 2019 through 2024.”
How to buy a house in another state varies widely state to state. Steps to buying a house in Florida start with hiring a licensed agent from Lang Realty who will know the local real estate market, state laws, tax advantages and taxing authorities. In Florida, local governments are responsible for administering property taxes, according to the Florida Department of Revenue.
The property appraiser determines the taxable value of each property in each county and provides the total taxable value to each taxing authority. There are exemptions for seniors and veterans and disabled, among other homeowners, and a reminder that Florida has no state income tax, always an incentive. So are Homestead Exemptions for full-time residency that can save homeowners as much as $50,000.
https://floridarevenue.com/property/pages/taxpayers_exemptions.aspx
Are there requirements to buying a house in Florida?
Your Lang Realty agent is an expert in out-of-town buyers and will step you through pre-approval for a mortgage and other need-to-knows.
What is the best place to buy a house in Florida?
You can ask around and you’ll find south Florida is hard to beat whether you plan to be a seasonal or full-time resident. Welcome home!
