Rodney Cantrell’s Blog

1. Select the right location based on your preferences, considering climate and neighborhood amenities. 2. Assess your budget and financing options, considering mortgage rates, down payments, and closing costs. 3. Be prepared for fluctuating property tax rates and understand the implications for foreign buyers.

Total with rent One person: $2583 Family of 4: $5716 Rent & Utilities One person: $1736 Family of 4: $3008

Hire a Skilled Agent: Select a trustworthy agent to guide you through negotiations and options. Financial Preparation is Key: Save 3-5% of your home's price for unforeseen costs. Get Preapproved for a Mortgage: Understand your budget and show sellers your seriousness.

Create a thorough budget considering regional cost variations and set aside 10% for unforeseen expenses. Comprehend Florida's varied building codes, addressing structural safety and unique environmental factors in different regions.Engage local builders for their knowledge of regional challenges and hazards, and choose the ideal location that suits your needs.

Interest rate volatility on the 30-year fixed-rate mortgage has significantly impacted the housing industry since the Covid pandemic. Prior to this, interest rates were stable, which helped stabilize the industry. However, the Federal Reserve reduced interest rates during the pandemic, leading to a surge in the market. The rapid change in rates has created a…

100K home insurance policies in Florida will not be renewed. Non-renewal notices are scheduled to be sent out in December. Some policyholders are facing substantial premium increases. Florida has been addressing its insurance crisis through legislative measures. The non-renewals are driven by a need to rebalance exposure in the state, with a commitment to remaining…

FHA loans come with closing costs, which can be significant. These costs include lender fees, third-party fees, and prepaid items. Using an FHA loan closing cost calculator can help estimate these costs. It's important to calculate and understand these expenses before signing the mortgage. Closing costs typically range from 3% to 6% of the loan…

Florida's Live Local Act provides tax benefits for affordable housing. Exemptions range from 75% to 100% based on rent restrictions. Eligible properties must be newly constructed with at least 71 units.

Florida offers a more affordable housing market with an avg home price of $392K. 67% of homeowners in Florida are first-time homeowners, compared to 55% in California and New York. The cost of living in Florida is manageable, close to the national avg, and there is no income tax.