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Naples Florida Real Estate News - 05/22/07
FLORIDA REAL ESTATE TAXES
each with advantages and disadvantages. All plans, however, grant some kind of tax exemption based on a percentage of the property’s value.
STIGMATIZED PROPERTIES
Florida, like most states, requires home sellers and real estate practitioners to disclose known defects that could diminish the value of a house. However, past tragedies that may stigmatize the property are not considered “a material fact that must be disclosed in a real estate transaction†under Florida law.
MORTGAGES
It sounds great: Pay off your mortgage in less than 15 years and pocket $150,000 in interest payments. But “mortgage accelerator†systems, which have trickled into the United States over the past few years, aren’t for everyone.
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