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Let us get you in a home with time to settle in before school starts this fall.

We close loans in as little as 14 days so you won't be stuck scrambling to find the bus stop in the morning!

We all know summer is the peak home buying season, and there’s a good reason for it! Summer often presents more opportunities for buyers to get out and about and look at homes, and the weather can be ideal for home shopping and moving, (of course except for the heat sometimes).

Many times, families opt to purchase a home in the summer so that they can get their children settled into a new school district, or specifically the district they desire, by the start of the new school year.

It's also typically better moving weather in most parts of the United States, but of course, the temps can be a little high depending on where you live (here in Central Florida, the heat and humidity will be something to consider!)

People who are looking to move to a place that will shorten their commute time to work will often look at buying a home during the summer. Why? Similar to starting a new school year, lots of people like to take the time to buy a home and move during the summer, when things might be a little bit slower at work (depending of course on what type of job you have!) 

Some experts say that most sellers want to avoid moving during the holidays. That makes summer an ideal time for people to sell their homes.

Some experts have said that historically, there are fewer buyers during the fall season. A lot of times, parents who are homebuyers want to already be settled into that new home by fall -- not moving during the fall.

And hey, if you decide to buy your new home during the summer, there's a great chance you can have a pool party to celebrate your move in day...just sayin'!

ContemporaryMortgage.com | 407-834-3377

Posted in:Home Buying and tagged: Closing
Posted by Austin Howland on May 18th, 2023 5:46 PM
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How to File for Homestead Exemption


Are you a homeowner in Florida looking to save on property taxes? Filing for a homestead tax exemption can help you do just that. Here’s what you need to know about the process.

 

What is Homestead Tax Exemption?

Homestead tax exemption is a legal provision that reduces the taxable value of your property by up to $50,000, making your property taxes lower. To qualify for homestead tax exemption, you must own and occupy your home as your primary residence as of January 1 of the tax year.

 

How to File for Homestead Tax Exemption in Florida?

To file for homestead tax exemption in Florida, you need to follow these steps:


Step 1: Gather Required Documents

To file for homestead tax exemption, you need to have the following documents:

  • Proof of Ownership: Deed, settlement statement or other official document proving ownership.
  • Proof of Residency: Florida driver’s license, voter registration card, or other official document that proves you live in the property as of January 1st.
  • Vehicle Registration: Florida vehicle registration with the address that matches the property’s address.

Step 2: Complete the Application

Once you have the required documents, you need to complete the application for homestead tax exemption. You can get the application from your county property appraiser’s office or download it from their website.

Step 3: Submit the Application

Submit the completed application to your county property appraiser’s office. The deadline to file for homestead tax exemption is March 1st of the tax year.

Step 4: Wait for Approval

The county property appraiser’s office will review your application and supporting documents. If everything is in order, they will approve your application and notify you of your homestead tax exemption status.


Benefits of Homestead Tax Exemption

The benefits of homestead tax exemption are:

  • Reduced property taxes: The taxable value of your property is reduced by up to $50,000, making your property taxes lower.
  • Protection from creditors: Homestead tax exemption provides limited protection from creditors by making a portion of your property off-limits to them.
  • Portability: You can transfer your homestead tax exemption to a new Florida home if you sell your existing home and buy a new one within 2 years.

 

Filing for homestead tax exemption in Florida is a simple process that can help you save on property taxes. Make sure you file before the March 1st deadline to take advantage of this valuable tax break.




Feel free to reach out to us for more information: 407-834-3377


Posted by Austin Howland on April 25th, 2023 8:45 PM

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Contemporary Mortgage Services, Inc

498 Palm Springs Dr Suite 220
Altamonte Springs, FL 32701