Experience You Can Rely On
People come and visit Northeast Florida, fall in love with it, and race out to buy their piece of the Florida lifestyle. They look at the brochures and view the pictures, visit the site and immediately write a contract. But wait! You need to know some things before you buy a home in Florida. If you don’t know exactly what you are getting into, the consequences can become very costly. Having a knowledgeable and trusted licensed real estate professional who can advise you about asking the right questions could save you thousands of dollars in closing costs.
Important Information To Consider Before Buying Your Home
The most important advice we can share with our customers is simple, “buying your dream home in Florida can be exciting and enjoyable,” but get lots of information first. You’ll find it right here on our website—it is filled with information pertaining to purchasing a home in Northeast Florida.
Deed Restricted Communities
Purchasing a home in a deed restricted community may seem very confusing at first. Many homes and condos in Northeast Florida are in planned developments, both gated and un-gated. These types of communities are governed by homeowner's associations where the residents are required to comply with the recorded documents for how the property may be used. This is especially important when considering whether you may rent a second home, keep a beloved pet, or the number of guests you may have stay with you at one time, to name just a few. The term for this type of community is "deed restricted". The homeowner documents require that you comply with the rules and regulations of the community and pay some amount of fee for the upkeep and maintenance of the project.
In Florida if you buy a new construction condominium you have fifteen (15) days to review the documents and decide if you wish to proceed. If it's an existing condominium then you only have three (3) days. Both of these time periods begin from the date when you receive a copy of the documents to review. Do not waive this time period – even if you need an attorney to review them – these documents control how you may use your property in the future and what you will be required to maintain.
These are just "some" of the issues you should be aware of before you decide to buy a home in Florida. With Deltona Realty helping you along, you'll have someone on your side to guide you through the process.