Buying property in Florida continues to thrill: Caution advised

The Florida Consultancy advises homebuyers that there are other considerations to think of aside from adequate insurance. Although Florida’s real estate market is established, investors must be warned that there are still possible pitfalls in several areas like renting restrictions. According to Andrew Batty of The Florida Consultancy, outside the south-west Orlando vacation rental area, buyers must be aware of the restrictions on renting that may affect the property. “These may be through zoning but often they are through community deed restrictions. Very few communities allow vacation rentals, although most allow long-term rentals for winter residents,” shares Batty.

Executive Villas 4 Florida’s Karen Evans adds by saying real estate agents will be able to tell if an area is zoned for short-term rentals. On top of rental restrictions, there is also the importance of a licensed real estate agent. “It is imperative to deal with a state licensed real estate broker,” claims Gordon Robinson of Florida Gold. “Any party who is not licensed is trading illegally and there are many agents selling property in Florida who are flouting the law. If you deal with one of them you are asking for trouble, ” Robinson continues. Investors are advised to always ask to see their Real Estate Person license. “They have to show them to you – and try and meet them at their office. This way you can judge if they are worthy of your business or just fly-by nights.”

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Buying property in Florida continues to thrill: Caution advised

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