August 2015

There are 7 blog entries for August 2015.

 

 

 

 

With home prices on the rise again, so is the value of the Save Our Homes break. The 20-year-old tax policy, voted into Florida's constitution, says a homesteaded property's taxable value can't rise by more than 3 percent a year.

The break will shield $23.5 billion from property taxes, up from $16.5 billion last year, it is estimated.

Florida voters in 2008 approved "portability," which lets homesteaded owners take $500,000 of their Save Our Homes break to a new homestead, thereby reducing taxable amounts at the new residence as well.

Save Our Homes benefits longtime property owners with homestead exemptions. But the cost is shifted to recent buyers of homes, apartment tenants, snowbirds, owners of malls and office buildings,

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$ signs  The Federal Reservehas for some time been signaling that they will be raising interest rates in the fall or winter of this year.  Just what does that mean to you?  Quite simply, this represents a loss in buying power for all home buyers.  As the interest rates rise, the cost of a mortgage rises along with them.  For example, if the interest rate were to rise 1%, a $200,000 home would cost you $2,000 more each year than it currently does ---- just due to the increase in the interest rate on the mortgage.

Unless your income rises by an equal amount, you LOSE 1% of your purchasing power, in this example.  The message? --- it's quite simple, now is a great time to buy if you are considering a home purchase in the near future.  It's better to buy that

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Pending Home Sales Remain Strong In June | Keeping Current Matters

The National Association of REALTORS’ Pending Home Sales Index is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index number, the more contracts have been signed by buyers that will soon translate to sales.

The latest index was released last week, with the headline:

Pending Home Sales Dip in June

As we reported last month, May’s Index levels were the highest recorded in the last 9 years. The small 1.8% decline from May remains 8.2% over last June and the third highest reading in two years. The NAR headline, while accurate, isn’t the best representation of what really happened.

NAR’s Chief Economist Lawrence Yun points towards “low inventory levels in many markets” leading to “reduced

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Selling Your House? Price It Right From the Start | Keeping Current Matters

In today’s market, where demand is outpacing supply in many regions of the country, pricing a house is one of the biggest challenges real estate professionals face. Sellers often want to price their home higher than recommended, and many agents go along with the idea to keep their clients happy. However, the best agents realize that telling the homeowner the truth is more important than getting the seller to like them.

There is no “later.”

Sellers sometimes think, “If the home doesn’t sell for this price, I can always lower it later.” However, research proves that homes that experience a listing price reduction sit on the market longer, ultimately selling for less than similar homes.

John Knight, recipient of the University Distinguished

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Marketing your property

I'm a people person who is always out and about and I never hesitate to talk about the great properties I have available. While effective, it's not always enough. I also use a full range of online tools to find people who are interested in the properties I list.

Website

My website lists all my properties. I also lets me keep track of new leads so that I always know who's interested in finding properties.

 

  

Facebook

Social media is a key part of my marketing strategy. In addition to regular posts, I also "boost" posts so that I can drive traffic beyond my friends and followers.

 LinkedIn

The professional networking site gives me a platform to reach high-quality leads who are ready to

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