Top 10 Most Frequently Asked Questions About the Home Buying Process in Florida
As a Florida Realtor, one of my favorite parts of the job is guiding first-time home buyers through the exciting (and sometimes overwhelming) journey of purchasing a home. Whether you’re relocating to Brevard County or buying your first Florida property, it’s normal to have plenty of questions. The Florida market is unique — from coastal insurance requirements to seasonal price shifts — and being informed is the best way to feel confident as a buyer.
1. How Much Do I Need for a Down Payment?
Many buyers assume they need 20% down, but that’s not always true. In Florida, several programs allow for down payments as low as 3% with conventional loans or even 0% for certain VA and USDA loans. FHA loans, popular among first-time buyers, typically require around 3.5% down. Your lender can help you determine the best fit based on your financial profile and long-term goals.
2. What Are Closing Costs in Florida?
Closing costs usually range from 2% to 5% of the home’s purchase price. These include title insurance, lender fees, appraisal costs, and property taxes. In some cases, sellers may offer concessions to help offset these costs. As your Realtor, I always ensure you’re fully aware of these expenses early in the process, so there are no surprises on closing day.
3. Should I Get Pre-Approved Before House Hunting?
Yes, absolutely. Getting pre-approved for a mortgage not only helps you understand what you can afford, but it also makes your offer stronger in a competitive market. In Brevard County, where homes can sell quickly, pre-approval can make the difference between landing your dream home or missing out to a faster buyer.
4. What Inspections Are Required in Florida?
Florida’s coastal climate means inspections are extra important. A standard home inspection is a must, but I always recommend adding a wind mitigation inspection and a four-point inspection. These can affect your homeowner’s insurance rates — and in Florida, that’s a big deal. An experienced Realtor will connect you with trusted local inspectors who know what to look for in our region.
5. How Does Flood Insurance Work?
If you’re buying near the coast or in a designated flood zone, you may be required to carry flood insurance. The cost depends on the property’s elevation and FEMA flood zone classification. Before you make an offer, I’ll help you verify flood zone data so you can make an informed decision about both the property and its insurance requirements.
6. What Are Property Taxes Like in Florida?
Florida’s property taxes are moderate compared to many other states, and we benefit from the Homestead Exemption, which can save homeowners up to $50,000 off their taxable home value. When helping clients buy in Brevard County, I always provide a realistic estimate of annual taxes so you can plan your budget accurately.
7. When Is the Best Time to Buy in Florida?
Traditionally, spring and early summer are busy times for the Florida real estate market. However, serious buyers can find excellent opportunities in the fall and winter when competition cools slightly. As your Realtor, I track local inventory and price trends year-round so we can strategically time your purchase.
8. How Long Does It Take to Close on a Home?
The typical closing timeline in Florida is around 30–45 days from contract to keys. Factors like financing, inspections, and appraisals can impact that schedule. When you work with me, I’ll keep you updated every step of the way — so you always know where things stand.
9. Should I Buy a New Construction or Resale Home?
Both have their benefits! New construction homes in Florida offer energy efficiency and the latest building standards (which can lower insurance premiums). Resale homes, on the other hand, often come with established neighborhoods and mature landscaping. I help buyers weigh the pros and cons to match their lifestyle and financial goals.
10. What Should I Do First When I’m Ready to Buy?
The first step is to connect with a local Realtor (that’s me!) and get pre-approved for a mortgage. Together, we’ll create a wish list, determine your budget, and begin touring homes that meet your criteria. Having a professional advocate throughout the process saves time, stress, and potential costly mistakes.
Final Thoughts
Buying a home in Florida is one of the most exciting milestones you can experience — and with the right preparation and guidance, it doesn’t have to be overwhelming. As a Florida Realtor, I’m here to simplify every step, from financing to closing day, so you can focus on finding a home that truly fits your lifestyle.
About the Author:
Hi, I’m Lizzie — a licensed Florida Realtor specializing in Brevard County and the surrounding coastal communities. I’m passionate about helping buyers and sellers make confident, informed decisions about real estate. Whether you’re ready to buy your first home or list your property, I’m here to guide you every step of the way.