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Building a House in Boca Raton Florida
Buying Land & Building a Home Before you spend much time looking for land to buy, first do a little research to find out what costs and steps have to be take before the actual construction. You may decide it is worth more to buy an existing home and make personal modifications. Many first time home builders think you just buy a lot and get some building permits and start building. Not so, there are a number of steps and…
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Capital Gains on Florida Real Estate
Tax Changes and Effects The new capital gains law allows homeowners to avoid paying taxes on the first $500,000 of profit if they are married or on the first $250,000 if they are single. You must have lived in the home as your primary residence for two of the last five years. You are allowed to use the provision as often as you like, as long as it fits in that two year period. Any gains above the limit will…
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Boca Raton FL Condos
First Time Buyer Condominiums are a good way to get into the housing market if you can’t afford to buy a house or prefer this type of lifestyle. Condos are also great if you don’t want to spend a lot of time doing yard work or maintenance. One important thing to remember about a condominium is that you don’t actually own the unit you live in nor the lot. You own the air space inside the walls, ceiling and floor…
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Florida Real Estate Contracts
Contract Knowledge Buying a home, you are entering into a legally binding contract that must be clearly understood both in terms of rights and obligations. Today’s real estate contracts are quite lengthy. Agents are trained to understand and explain the contract along with the reports that are involved in a real estate transaction. Have your agent give you a sample contract to read over prior to you making your first offer. Get explanations to areas you don’t understand. This will…
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