Buying in South Florida
From your first search to the moment you get the keys, here's what to expect when buying a home in Boca Raton, Delray Beach, and the surrounding Palm Beach County market.
The Buying Process
Florida closings typically move faster than buyers expect, especially for cash purchases. Here's how a typical transaction unfolds from start to finish.
Get pre-approved
Pre-approval is required before touring luxury properties, and cash buyers should have a proof of funds letter ready. This step also clarifies your real budget before you start touring.
Sign a buyer-broker agreement
Since 2024, buyers sign a written agreement with their agent before touring homes together, spelling out the agent's fee and who's expected to pay it.
Make an offer & submit earnest money
Once an offer is accepted, the earnest deposit is wired into the title company's escrow account within three business days.
Inspection period
Florida's standard contract gives buyers a negotiated number of days to complete a home inspection, roof inspection, AC service check, and a wood-destroying organism (termite) inspection.
Appraisal & underwriting
For financed purchases, the lender orders an appraisal and the underwriter reviews the full loan file before issuing final approval.
Clear to close & closing day
A final walkthrough happens shortly before closing. Cash purchases tend to close noticeably faster than financed deals.
What makes South Florida buying different
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No state income tax
Florida charges no state income tax, and it shows in buyers' bottom lines. For a household earning $1 million a year, moving from New York to Boca Raton can mean $95,000 or more in annual tax savings — money that goes straight back into the home you want.
HOA
Community & club review
Many gated and country club communities require board approval and separate club membership fees on top of the purchase price. Understanding a community's HOA and club structure early avoids surprises later in the process.
Flood
Zones & insurance
Coastal Florida properties often carry flood zone designations that affect both insurance costs and lending requirements. Reviewing flood zone status early is one of the most important steps for South Florida buyers, especially those relocating from out of state.
What can you afford?
Adjust the sliders to estimate your monthly payment, including Florida-specific property tax and insurance costs.
Based on a standard 28% housing-to-income guideline, this payment suggests an annual household income of roughly $0.
This calculator provides a rough estimate only. Actual rates, taxes, insurance premiums, and HOA fees vary by property and lender — contact the C&C Luxury Living Team or your mortgage professional for a precise figure.
Signature Listings
A curated selection of current inventory from the C&C Luxury Living Team and William Raveis Real Estate. Filter by city, type, or price to find your next chapter.
Listings reflect a curated selection of current inventory and are subject to change, including price adjustments and sale status. Contact the C&C Luxury Living Team for full, up-to-date availability and private showings.
Still Have Questions? Let's Connect
We’re here to help you buy, sell, or explore your next move, reach out anytime.