What legal documents are required to sell land in Florida?
To sell land in Florida, you need a deed (typically a warranty deed), a property survey, the original title, and potentially an affidavit of ownership. You may also require disclosure forms about the propertys condition.
Do I need a real estate attorney to sell my land in Florida?
While not legally required, hiring a real estate attorney is highly recommended to ensure all legal aspects are properly handled, especially for preparing and reviewing documents and ensuring compliance with state laws.
How do I determine the market value of my land in Florida?
The market value can be determined through a professional appraisal or by comparing recent sales of similar properties in the area. Real estate agents can also provide Comparative Market Analysis (CMA) reports.
Are there specific taxes or fees involved when selling land in Florida?
Yes, sellers may be responsible for paying property taxes up to the sale date, documentary stamp tax on the deed (usually $0.70 per $100 of property value), and other closing costs such as title insurance and recording fees.
How can I ensure that I receive payment securely when selling my land for cash?
Secure payment by using an escrow service where funds are held until all terms of the sale are met. Alternatively, verify bank checks or arrange for electronic funds transfer (EFT) directly into your bank account upon closing.
