Many Miami-Dade properties, especially those in FEMA-designated flood zones or with a mortgage from certain lenders, are required to carry flood insurance, and buyers should get a flood zone determination and insurance quote early in the buying process, not after the offer is accepted. Why Flood Ins

Buying your first home in Miami generally follows six steps: get pre-approved, define your budget and priorities, tour homes with an agent, make a competitive offer, complete inspections and appraisal, and close — a process that typically takes 30–60 days from accepted offer to closing. Step 1: Get

Florida's homestead exemption reduces the taxable value of your primary residence by up to $50,000, and it also caps annual increases in your assessed value under the Save Our Homes provision, which can result in significant long-term property tax savings. What the Exemption Actually Reduces The sta

Most conventional loans in Florida require a minimum credit score around 620, FHA loans can go as low as 500–580 depending on down payment, and VA loans typically look for at least 580–620, though a higher score generally unlocks better interest rates across all loan types. Conventional Loans Conven

Most sellers in Miami-Dade should budget roughly 7-8% of the sale price for total selling costs, including real estate commissions, Florida's documentary stamp tax, title-related fees, and typical repairs or concessions. Real Estate Commission Commission is usually the largest cost and is negotiated