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Retirement in Florida/Homestead Law

By
Real Estate Agent with West Atlantic Real Estate, Inc.

How many agents out there are aware of the Homestead Law in Florida, what it was designed for and how it works? 

Certain low income retirees are going to be forced to make the place they retire too based upon the fixed costs of living.  The Florida Homestead Law, much like the one in Texas has been around for a while and provides seniors with reduced property taxation and protection against certain types of forced sale. 

I'd love to hear comments from agents familiar with the law, the pros and cons?