Rodney Cantrell’s Blog

Florida’s housing market is cooling faster than expected, with West Palm Beach seeing a 13.8% decline in home sales. Natural disasters and rising costs have impacted the housing market, including hurricanes and increased insurance rates.

Florida's housing crisis is worsened by skyrocketing property taxes, increasing affordability issues statewide. Property taxes have increased sharply, with some areas seeing hikes of up to ↑ 60% since 2019.

Work with one trusted agent who can access all properties via Florida’s Multiple Listing Service (MLS). Choose an agent experienced with foreign buyers and short-term rental market for tailored guidance.

Work with a local insurance broker to find the best policy tailored to your Florida property. Determine flood risk before purchasing, as flood insurance may be required separately from hurricane coverage.

Florida's Amendment 5 aims to make homeownership easier with inflation-adjusted homestead exemptions starting January 2025. The amendment covers exemptions for non-school levies, benefiting residents with legal or equitable property ownership.

Insurance companies have reinsurance this year to handle costs, reducing immediate rate hikes after hurricanes. Despite storm-related claims, industry experts say insurance rates don't rise quickly after major events.

Florida attracts 120K Britons and 76M tourists annually due to its warm climate and affordability. Decide on location, property use, and amenities, then book a scouting trip to view properties.