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As you have probably heard, the people have voted & homestead portability was passed.
What does this mean? Well for starters, it means our phones have been ringing even more than usual. Many homeowners looking for a change are ready to make a decision.
Those looking to purchase a bigger or newer home are very excited about this. They are now able to port, or bring with them, their homestead exemption from their current house. Previously, they would not be able to.
This also opens up great opportunity for those looking to downsize. Many people who had wanted to retire could not justify the move due to taxes. Now, they can simply transfer their homestead exemption over to their quaint condo or smaller house.
If you would like more information about homestead portability & how this may affect you, please contact one of our real estate agents at Florida Future Realty, Inc.
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