Frequently Asked Questions

Yes. Real estate has historically appreciated over long periods, but home values can and do fall. Local market conditions, interest rates, the condition of the property, changes in the surrounding neighborhood, and nearby new construction all affect value. In Northeast Florida, flood-zone designation and the cost of homeowner’s, wind and flood insurance can also move values in a meaningful way. That is why a current comparative market analysis of your specific street matters far more than a national headline.

It depends on what you are comparing. Older homes often bring larger lots, established neighborhoods, mature trees and genuine character — and in St. Augustine, sometimes real historic value. Newer homes typically mean lower maintenance, modern systems, better energy efficiency and builder warranties.

The practical difference in Florida is usually the roof and the systems. Insurers care a great deal about the age of the roof, electrical, plumbing and HVAC, and that can affect both your premium and whether coverage is available at all. Have any older home inspected thoroughly and ask for the age of the roof and major systems before you commit.

A real estate broker holds a higher-level licence than a sales associate. In Florida, a broker has completed additional education and experience requirements and may operate independently, own a brokerage and supervise sales associates. A sales associate must work under a broker.

When you list a property, your agreement is with the brokerage. The broker is responsible for the conduct of the transaction and for the handling of escrow funds.

Sometimes. Many lenders require an escrow account, where property taxes and insurance are collected monthly alongside your mortgage payment and paid on your behalf when they come due.

Depending on your loan type and down payment, you may be able to waive escrow and pay them yourself, though lenders often charge a fee or a slightly higher rate for that option. If you do, you are responsible for paying your St. Johns County property taxes and your homeowner’s, wind and flood premiums on time — a missed payment can put your loan in default. Ask your lender what is available for your particular loan.

For most financed purchases, 30 to 45 days from accepted contract to closing is typical. Getting fully pre-approved before you start shopping is the single biggest thing that speeds it up, and it makes your offer stronger.

The timeline depends on how quickly you return documents to your lender, appraisal scheduling, title work, and — in Florida — securing homeowner’s coverage plus any required wind or flood policies. Cash purchases can close in as little as two weeks. Most delays come from incomplete paperwork or an appraisal that comes in below contract price.