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ASK KAREN

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Dear Karen,

Florida is changing the homestead rules. Should I buy now or wait?

— Zack
Karen answers

Probably not just because of possible homestead changes. If you find the right property at the right price, things like purchase price, mortgage rates, insurance, taxes, flood risk, and condition will usually matter much more. However, Florida homestead rules can affect your future property taxes, so it is worth checking the current rules before closing.

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