Buying in a Florida 55-plus community with a rebate
From Sun City Center in Hillsborough to the many communities around Boynton Beach and Delray in Palm Beach County, age-restricted communities make up a large part of Florida's market.
The rebate
Works the same way: 25% of what your agent's brokerage receives, credited at closing. Many 55-plus buyers pay cash, which keeps it simple.
Rules to read first
- Age requirements. Under federal law, communities for 55 and older must have at least 80% of occupied units with one resident 55 or older. Each community sets its own rules on younger spouses and visiting family.
- Approval process. Many associations require an application and interview before closing.
- Rental restrictions. Often strict, which matters if you plan to rent seasonally.
- Fees and assessments. Check what the monthly fee covers and the reserve status.
Resale timing
A smaller buyer pool can mean longer selling times. Price your eventual exit into the decision.