Insurance, HOA rules, flood zones, and down payment programs all affect what you can afford. Alex walks you through each step in Central and South Florida.
Get ready before you fall for a house
- Get preapproved. A lender’s preapproval shows your real price range and makes your offers stronger.
- Budget the full payment. Include insurance, taxes, HOA fees, and flood insurance if it’s needed, not just the mortgage.
- Ask about assistance. Florida Housing Finance Corporation offers first-time buyer programs through participating lenders. Eligibility rules apply.
- Sign a buyer agreement. Buyers now sign a written agreement with their agent before touring homes. It spells out the services and compensation.
From offer to keys in Florida
- Make an offer.Recent sales set the price. Alex writes the offer and helps you choose a fair escrow deposit and the right contingencies.
- Inspect and appraise.The inspection period is for finding problems. The lender’s appraisal confirms the value.
- Close with a title company.Final walkthrough, signing, and keys, with every deadline tracked along the way.
Florida costs first-time buyers miss
Florida homes carry a few costs that surprise new buyers. Knowing them up front keeps your budget honest.
Once it’s your primary residence, file for the homestead exemption with your county property appraiser. The deadline is March 1.
Ask about these
- Homeowners insurance quotes, which vary with roof age.
- Wind mitigation and 4-point inspections.
- Flood zone and flood insurance.
- HOA or condo fees and rules.
- Special assessments in condo buildings.
Alex Silva, broker
Voyance Real Estate is led by its broker and owner, Alex D. Silva, who has more than 30 years in real estate and holds Florida broker license BK3153327.
Short-sale negotiation is his specialty: lender approvals, second liens, and valuation disputes.
He works with homes, condos, rentals, and commercial property across Central and South Florida, in English, Spanish, and Portuguese.
First-time buyer questions
Who counts as a first-time buyer?
Many programs count you as a first-time buyer if you haven’t owned a home in the past three years. Your lender will confirm how a specific program defines it.
How much do I need for a down payment?
It depends on the loan. Some loans allow small down payments, and assistance programs may help. Your lender can show you the options.
Should I buy a condo as my first home?
It can be a good start. Check the building’s finances, reserves, and any planned special assessments first.
General real estate information, not legal, tax, or financial advice.
Your first home starts with a plan.
Tell Alex where you want to live, your timing, and your budget.