Getting a rebate on a Florida vacation home
Second homes in Pinellas, Sarasota and the Palm Beach coast are a big part of the market, and the rebate works the same way as on a primary home.
The numbers
On a $700,000 Gulf-side condo with a 2.5% buyer agent fee, a 25% rebate is about $4,375.
Financing a second home
Second-home loans usually need a larger down payment, and the lender's credit limits still apply. Investment property loans are stricter again.
Rentals
If you plan to rent it out when you are not there, check the condo or HOA rental rules first; many set minimum lease terms or caps. Local governments also regulate vacation rentals, and Florida collects sales tax and county tourist tax on short-term stays.
Insurance and flood
Barrier-island and waterfront properties need flood insurance and often face higher wind premiums. Get quotes before you commit.