Florida’s home buying process involves several key steps, including pre-approval, property search, making an offer, inspection, appraisal, and closing. The average closing time in Florida is 30-45 days. As of October 2024, the median sale price for single-family homes in Florida is approximately $420,000, with fluctuations varying by county and metro area. Inspections typically cost $300-$500, while appraisals range from $500-$700. Common closing costs in Florida range from 2-5% of the purchase price, covering expenses like title insurance, recording fees, and transfer taxes. Florida is a “buyer beware” state, emphasizing the importance of thorough inspections. Title insurance is crucial, protecting against title defects, with the buyer often responsible for selecting the title company. Earnest money deposits usually range from 1-3% of the purchase price.