Do You Have to Pay Property Gains Tax in Florida?

Do You Have to Pay Property Gains Tax in Florida? 

Selling a property in Florida can be exciting and complex, especially when considering property gains tax Florida implications. You might wonder: “Do I have to pay Property Gains Tax in Florida? And the answer is no. The State of Florida does not charge this tax to its residents. However, understanding how the federal capital gains tax affects your real estate transactions and what strategies you can implement to minimize the amount you pay is fundamental for making informed decisions and maximizing your returns when selling a property in Florida.

Do I Have to Pay Property Gains Tax in Florida?

In Florida, while there isn't a state-imposed capital gains tax due to the absence of a state…

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Why Is Florida Home Insurance So High?

Why Is Florida Home Insurance So High?

Home insurance costs in Florida have surged, leaving many homeowners struggling with rising premiums. Severe weather, legal challenges, and shifting insurer policies all play a role in driving up rates—but what does that mean for you? Whether you already own a home in Florida or are considering a move to Davenport or another area, understanding why insurance costs are so high can help you make smarter financial decisions. Let’s break down the key factors behind these soaring premiums.

Reasons Why Florida Home Insurance Is So High

If you are a homeowner in Florida, the complexities of the state's home insurance landscape can be challenging. On average, Florida property owners pay approximately 73% more…

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Central Florida Real Estate Recap of February 2025

Central Florida Real Estate Recap of February 2025

With Orlando's housing inventory on the rise, buyers have more options, which has contributed to a recent increase in overall sales and pending sales as we approach spring

State of the Market

• Overall sales increased by 21.3% from January to February. There were 1,514 sales in January and 1,837 sales in February.
• Pending sales rose by 20.7%, with 3,320 in January and 4,006 in February.
• Inventory for February was recorded at 12,411, up 6.1% from January when inventory was recorded at 11,697.
  
  • This is the highest inventory since October 2014.
• The median home price for February was recorded at $385,000, up from $375,000 in January.
• February’s…

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Living Near Orlando: Pros and Cons

Living Near Orlando: Pros and Cons

Orlando, often celebrated for its world-renowned theme parks, offers residents much more than just tourist attractions. The city boasts a flourishing job market, a rich tapestry of cultural experiences, and a climate that invites year-round outdoor activities. These attributes make living near Orlando an appealing choice for diverse individuals, from young professionals to families seeking a vibrant yet comfortable lifestyle.

Advantages of Living Near Orlando

Residing in the Orlando area comes with numerous benefits that enhance the quality of life for its inhabitants.

1. Thriving Job Market and Economic Opportunities

Orlando's economy is robust and diverse, providing many employment opportunities…

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What Affects Home Insurance Costs? Your Rates Explained

What Affects Home Insurance Costs? Your Rates Explained

Home insurance plays a vital role in protecting your property from unexpected damage and natural disasters. However, costs can vary widely based on several factors. In Central Florida, where hurricanes and flooding are common, premiums tend to be higher. Whether you're a longtime resident or considering a move to cities like Davenport, understanding what drives home insurance rates can help you plan effectively. Knowing these factors empowers buyers and sellers to make informed decisions and explore ways to reduce their insurance expenses.

1. Geographic Location and Its Impact on Home Insurance Rates

One of the most significant factors affecting home insurance premiums is location.…

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Guide to Family-Friendly Communities Near Disney World

Guide to Family-Friendly Communities Near Disney World

Why Families Are Choosing Communities Near Disney World

Living near Disney World offers more than just convenient access to theme parks—it provides a lifestyle built around family-friendly amenities, strong school districts, and a variety of entertainment options. Many families are drawn to the area for its high quality of life, safety, and access to excellent healthcare and recreational facilities. Whether it's a weekend trip to Disney, exploring nature trails, or participating in community events, families find plenty of ways to create lasting memories while enjoying the benefits of a well-planned, welcoming environment.

What Defines a Family-Friendly Community? Key Elements to Look For…

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Average Costs of Home Insurance in Florida 2025

Average Costs of Home Insurance in Florida 2025

Homeownership in Florida comes with unique challenges, making home insurance an important consideration. The state’s location puts it at risk for hurricanes, flooding, and other natural disasters that influence insurance premiums. Whether you are a long-time resident or considering a move to cities like Davenport, it’s important to understand the cost factors and how they impact your budget. Davenport, located in Central Florida, is a rapidly growing city known for its family-friendly communities and convenient access to Orlando's attractions. However, with growth comes the need for financial preparedness, and understanding home insurance costs can help you make informed decisions.

Today, we’ll…

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Central Florida Real Estate Recap of January 2025

Central Florida Real Estate Recap of January 2025

Sales slowed in January coming off of the holidays, which is typical for this time of year

State of the Market

• New listings spiked 68.1% from December to January, with 4,220 new homes on the market in January, compared to 2,510 in December.
• Inventory for January was recorded at 11,697, up 16.4% from December when inventory was recorded at 10,049.
  
  • This is the highest inventory since July 2015.
• Pending sales rose by 24.8%, with 2,661 in December and 3,320 in January.
• The median home price for January was recorded at $375,000, down from $380,000 in December.
• January’s interest rate was recorded at 6.8%, up from 6.5% in December.
• Homes…

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What Is the Average Real Estate Commission in Florida?

What Is the Average Real Estate Commission in Florida?

Real estate commissions play an essential role in the home buying and selling process. They are typically a percentage of the final sale price paid to the agents involved in the transaction. These fees are usually shared between the seller’s agent and the buyer’s agent. For anyone looking to buy or sell property in Florida, understanding the average real estate commission is vital. It not only helps you plan for expenses but also ensures you’re making informed decisions when choosing an agent to represent you.

READ: Pros and Cons of Living in Davenport

What Is the Average Real Estate Commission in Florida?

The average real estate commission in Florida typically ranges between 5%…

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Best Residential Areas Near Orlando for Every Budget

Best Residential Areas Near Orlando for Every Budget

Orlando is a city celebrated for its vibrant lifestyle, world-famous attractions, and endless opportunities for work and play. Living in Orlando goes beyond being close to theme parks. It’s about finding the right neighborhood that matches your lifestyle and budget. Whether you are a first-time homebuyer, part of a growing family, or searching for a luxurious place to call home, there is a neighborhood near Orlando that’s perfect for you. 

Let’s explore the best residential areas near Orlando to live, offering the perfect blend of convenience, amenities, and charm.

READ: Safest Neighborhoods in Orlando

Affordable Suburbs Near Orlando for Budget-Friendly Living

If you’re seeking…

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