Is It a Good Time to Buy Real Estate in Florida? What New Yorkers Really Want to Know
For many New Yorkers, the Florida dream is no longer just a winter escape, it’s quickly becoming a permanent lifestyle move. Sunshine, space, and no state income tax? Yes, please. But while the palm trees may look inviting, buying property here comes with its own rules, risks, and realities.
Before our buyers sign a contract, here’s what New York-based buyers are searching for—and what every smart buyer should know:
1. Do I need a real estate attorney in Florida?
In New York, attorneys are required at closing. In Florida, they’re optional. However, hiring one is highly recommended. At Salcines Law, we guide out-of-state clients through contracts, inspections, title, and closing details. Skipping legal review of a contract could cost you dearly, specially when you’re buying luxury property or investing sight-unseen.
2. What are Florida’s closing costs compared to New York?
Here’s where it gets interesting: Sellers in Florida often cover title insurance and documentary stamp taxes. But buyers are still responsible for inspections, appraisals, lender fees, and more. If you’re coming from the Northeast, Florida might feel cheaper, but make no mistake, luxury markets like Miami, Palm Beach, and Naples come with a price tag.
3. How high are Florida’s property taxes really?
Florida’s property taxes are generally lower than New York’s, but they’re based on the assessed value which can jump dramatically after a sale. Don’t forget: if it’s your primary residence, you can file for a Homestead Exemption, which reduces your taxes and caps future increases. But it’s not automatic. You have to apply.
4. Should I buy in an LLC or my own name?
Many high-net-worth clients ask about buying under a Florida LLC for privacy, liability protection, or tax reasons. The short answer: It depends. An experienced real estate attorney can help you decide what’s best for your investment and long-term goals before you commit.
5. What about insurance and hurricanes?
Wind and flood insurance are non-negotiable in many parts of Florida—and the rates can be eye-opening. Not every insurer covers every area, and Citizens Insurance may be your only option. Make sure you review these costs up front during your due diligence period.
6. Can I buy remotely?
Yes—and it’s more common than ever. Our team at Salcines Law regularly handles closings for clients who never set foot in Florida until move-in day. Between virtual showings, remote online notarization, and secure digital closings, we make long-distance deals feel local.
At Salcines Law, we bridge the gap between New York ambition and Florida living.
With 26 years of experience, concierge-level service, and a deep understanding of both markets, we help out-of-state buyers close confidently and seamlessly.