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Leaving Florida: 8 Reasons Why People Are Moving Out Of Florida and Going to Texas Instead

February 10, 2025 By Teri Monroe Leave a Comment

Leaving Florida and Moving to Texas
Image Source: Pexels

In 2024, more than 500,000 people left Florida for other states, according to the Florida Chamber of Commerce. This was the largest exodus of residents in the state’s history. Why are so many people leaving Florida?  From cost of living concerns to an increase in natural disasters, some are giving up on the Florida dream and relocating. Here are 8 reasons why people are leaving Florida and moving to Texas.

1. Lower Cost of Living

While Florida has no state income tax, the cost of living in recent years has skyrocketed. As a result, many people are leaving Florida. Texas is still below the national average for cost of living, while Florida is now slightly higher. This includes grocery prices, housing, rent, and taxes.

2. Fewer Tourists

Florida is known for its snowbirds in the winter, and its beaches and resorts are a destination for many. Plus, areas like Orlando, home of Disney World, draw many tourists from around the world. While tourism drives Florida’s economy, it can be frustrating for residents when traffic increases and local establishments are flooded with patrons. In Texas, while there is some tourism at popular attractions, it is nowhere near the level of tourism in Florida.

3. Less Natural Disasters

According to the National Center for Environmental Information, from 1980–2024, Florida has had 94 weather and climate disaster events with losses exceeding $1 billion each. While Texas experiences more droughts, Florida has had several severe hurricanes in the last few years, causing costly damage.

4. Lower Insurance Costs

Because of the recent hurricanes, property insurance in Florida has become very expensive. In 2024, the average cost of property insurance in Florida was projected to be around $11,759, which is much higher than the national average. Some insurance companies have revoked coverage for some properties, creating an insurance crisis in the area. In comparison, Texas’ property insurance costs are less than half of Florida’s.

5. More Stable Housing Market

As many people are leaving Florida due to soaring costs, they are finding that it has become difficult to sell a home in Florida. Texas homes may be a better investment in the long term.

6. More Available Land

Since Florida has seen a rise in development, there is less available land. Texas on the other hand has more available land and more diverse landscapes. Most Texans live in a small percentage of incorporated land, with much of the state’s land open and uninhabited.

7. Better Weather

While both states have warm weather, Florida is known for its rainy season in the summer. You can expect at least one shower per day. Texas has a more varied climate and much less humidity than Florida.

8. More Diverse Job Market

While Florida’s economy has grown at a rapid pace, it is still largely driven by tourism. The Texas economy is comprised of various sectors such as agriculture, manufacturing, services, and technology, creating a diverse job landscape. This is very reflective of the diversity that is found throughout Texas.

Are you considering leaving Florida? Where do you plan to move?

Read More

10 Reasons You Should Take a Closer Look At The Deed to Your Home

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Teri Monroe Headshot
Teri Monroe

Teri Monroe started her career in communications working for local government and nonprofits. Today, she is a freelance finance and lifestyle writer and small business owner. In her spare time, she loves golfing with her husband, taking her dog Milo on long walks, and playing pickleball with friends.

Filed Under: Uncategorized Tagged With: cost of living, leaving Florida, Moving to Texas

10 Reasons You Should Take a Closer Look At The Deed to Your Home

February 6, 2025 By Teri Monroe Leave a Comment

Image Source: Pexels

Whether you have a mortgage deed or another type of ownership, knowing what is on the deed to your home is essential. Not only will you protect yourself for the future financially, but you’ll also understand your rights. here are 10 reasons why you should take a closer look at the deed to your home.

1. Verify Type of Ownership

Do you know what kind of ownership is listed on your deed? Deeds can have several types of title ownership such as joint tenancy, sole ownership, tenancy in common, and mortgage deed. It’s important to know what kind of ownership is on your deed to determine how it will be passed down or transferred, what your legal right to the property is, and taxes and liabilities.

2. Catch Errors

Sometimes clerical errors happen on deeds. Double checking your deed can make sure that there are no disputes in the future. Sometimes older deeds are handwritten and need to be legible. This may be something that you need to update.

3. Identify Liens

Are there any liens or claims to your property? This should all be evaluated before purchasing a home. Over time, liens can be put on your deed for unpaid debts, taxes, or judgments. These must be rectified before the sale of a property.

4. Prevent Fraud

Check for fraud on your home's deed
Image Source: Pexels

Did you know that title fraud has become more prevalent? Title fraud happens when someone illegally transfers property by using forged documents or stolen personal information. Loans may be taken against your property illegally or it could be sold without your knowledge. Title insurance can help protect you, but you also should regularly check your deed for unauthorized changes.

5. Confirm Property Boundaries

It’s important that your property boundaries are correct on your deed. Then, if you have any property disputes with neighbors, or are making improvements you can refer to your deed. Developers may also challenge your property lines if a project commences near your property.

6. Easements and Covenants

Easements and covenants may restrict the way that you use your property. For example, a private easement might give neighbors access to use your property to access a beach or a utility easement may run through your property. A covenant like an HOA could restrict your landscaping or exterior. Knowing these pieces of information will help you make decisions about your home.

7. Confirm Mortgage Satisfaction

If you’ve recently paid off your mortgage, make sure that your mortgage company has refiled your mortgage deed and noted the satisfaction of the loan.

8. Comply with Zoning Laws

If you’re planning any improvements in the future, it’s a good idea to see if your deed complies with local zoning laws. This can prevent headaches in the future when applying for permits.

9. Prepare for Property Taxes

The deed to your home will determine who is responsible for property taxes. Certain types of ownership may also qualify for tax exemptions such as trust. If you have a mortgage deed, mortgage interest is usually tax deductible as well. Of course, you should consult a tax professional for help with tax preparation.

10. Ensure the Right Beneficiaries

If you’ve inherited property or plan to pass it on to heirs, you should make sure that the deed to your home reflects this. The type of deed structure will determine how your home is passed on. With the right deed structure, this will make it less complicated for your heirs.

Have you taken a closer look at the deed to your home? What questions do you have?

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Teri Monroe Headshot
Teri Monroe

Teri Monroe started her career in communications working for local government and nonprofits. Today, she is a freelance finance and lifestyle writer and small business owner. In her spare time, she loves golfing with her husband, taking her dog Milo on long walks, and playing pickleball with friends.

Filed Under: Home Ownership Tagged With: deed, mortgage deed, title

Bondsmen 101: Who They Are and How They Help You Post Bail

February 4, 2025 By Teri Monroe Leave a Comment

What you need to know about bail bondsmen
Image Source: Pexels

A bondsman is a person or company that will help you post bail if you don’t have enough money to pay the full amount upfront. This is a practice that has been used since 1898 in the United States. But, it is outlawed in many other countries. According to a Bureau of Justice Statistics report issued in 2007, data shows that more individuals show up for court when released on bail if a bail bondsman is used. The study found the no-show rate for those on bail bonds was 18%, versus 30% for those released on unsecured bonds. So, while commercial bail bonds may be controversial, they do have a purpose. Here’s what you need to know if you require their services.

How It Works

Bondsmen deposit a bond with the government on the defendant’s behalf. It is a bondsman’s responsibility to make sure that the defendant shows up in court. They may use a bounty hunter to make sure the defendant appears. If the defendant fails to appear in court, the bondsman will try to recover the bail amount. Usually, they have 180 days to do so.

How Much Do They Charge?

Bondsmen typically charge a non-refundable fee of 10%-20% of the bail amount. Some discounts may be available for veterans, military members, and union members. A smaller percentage may also be charged if the defendant has private counsel since they are more likely to show up in court.

On top of this, they will negotiate a down payment and payment plan. In some circumstances, they may require collateral for the bail bond.  In Nevada for example, it is allowed that a house may be used as collateral and a deed of trust must be issued to the bail bondsman, essentially putting a lien on the property.

What Do You Need to Obtain a Bail Bond?

If you are working with bondsmen, there are several things you will need to obtain a bail bond. Typically, a co-signature from a family member is required. A bondsman may also ask for a bill with an address on it, photo ID, and check stubs. Types of payment can include checks, cash, or credit cards. Once a bail bond is secured, defendants can be released from jail within hours.

Exceptions

Some states have banned the use of bondsmen and instead use a cash deposit alternative. These states include Illinois, Oregon, Wisconsin, and Kentucky. The American Civil Liberties Union has criticized the practice of bail bonds as a form of injustice against low-income communities and fueling the mass incarceration of innocent people.

In addition to states that outlaw bondsmen, some states like California have very strict penal codes regarding bondsmen. The California Department of Insurance regulates the industry. Bondsmen and bounty hunters are not allowed to engage in any illegal activity when trying to bring a defendant in or recover a debt. For example, they can’t force entry into a defendant’s home. In many ways, the profession is not like what is often portrayed in the movies or television.

Do you have additional questions about bondsmen? Let us know in the comments.

Read More

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Teri Monroe Headshot
Teri Monroe

Teri Monroe started her career in communications working for local government and nonprofits. Today, she is a freelance finance and lifestyle writer and small business owner. In her spare time, she loves golfing with her husband, taking her dog Milo on long walks, and playing pickleball with friends.

Filed Under: Uncategorized Tagged With: bail bonds, bailout, bondsmen

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