Rodney Cantrell’s Blog
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Florida Requires Flood Disclosure in Home Sales | Brought to you by The Cantrell Team
Florida now requires sellers to disclose past flood damage and federal assistance to potential homebuyers. The new flood disclosure law took effect after Hurricane Helene exposed Tampa Bay’s flood vulnerability.
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Amendment 5: A New Era for Florida Property Taxes? | Brought to you by The Cantrell Team
On Nov. 5, Florida residents will vote on adjusting the homestead property tax exemption for inflation. The homestead exemption currently reduces taxable property values by up to $50,000, benefiting around 450,000 families.
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Breaking a lease won’t appear on your credit report
American Express benefits and offers can be found on their website. Breaking a lease may occur due to job relocation or financial struggles. Unpaid debt from a broken lease can harm your credit if reported to a collection agency. To prevent this, pay termination fees and outstanding charges. Communicate with your landlord about financial hardships…
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Florida Commercial Real Estate Loans: Tightened Lending and Increased Delinquencies
The Florida commercial real estate market is experiencing challenges such as rising vacancy rates, increasing loan delinquencies, and tighter credit conditions. Office, industrial, and multifamily sectors are particularly affected due to changes in work models. Loan delinquencies are notably rising in the office and hotel sectors, with refinancing difficulties. Tighter lending standards and weaker demand…
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Key Costs of Selling a Home in Florida | Brought to you by The Cantrell Team
Realtor Fees: 5.05% of Sale Price Closing Costs: 3.23% of Sale Price Title insurance, transfer taxes, and other fees. For a $350,000 home: ~$11,305
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Gen X Homebuyers: Florida Is the Best State for You! | Brought to you by The Cantrell Team
Florida, with an average home cost of $394,728, is popular for its lack of state income tax. South Florida’s warm climate and active outdoor lifestyle appeal to Gen X homebuyers in their 40s and 50s.
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Florida Housing Market Outlook for 2025 | Brought to you by The Cantrell Team
Experts predict a 3% to 5% annual appreciation in Florida's housing market from 2024 to 2028. Ongoing buyer interest and economic stability will continue driving growth, preventing a significant market crash.
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12 Unconventional Ways to Lower Your Mortgage Payment
Mortgages have increased, impacting monthly budgets. Ways to lower mortgage payments include making a bigger down payment, reducing homeowner’s insurance costs, recasting the mortgage, making bi-weekly payments, refinancing, getting a property tax assessment, negotiating a lower interest rate, downsizing, applying for a modification program, lengthening the loan term, renting out spare space, and paying mortgage…
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How Much Is Condo Insurance in Florida? | Brought to you by The Cantrell Team
The average condo insurance in Florida costs $1,130 annually, double the U.S. average of $455. Miami has the highest average rate at $2,570, while Orlando is lower at $1,050 annually.
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How to Save Money on Florida Condo Insurance | Brought to you by The Cantrell Team
Shop around and compare at least three quotes to find better Florida condo insurance rates. Ask about discounts for bundling policies, having protective devices, or living in a gated community.