Friday, September 24, 2021 / by Jordana Tobel
As you may have heard, the Federal Reserve may start reversing its pandemic stimulus in November and interest rates will most likely rise.
But what does this mean for you if you’re looking to buy or sell in South Florida.
Let’s start with some basics:
The current housing boom will most likely flatten in 2022 when interest rates rise. Note the word flatten. Prices will not
go down, there is simply too much demand. We are NOT in a real estate bubble; a bubble is rising prices that aren’t
justified by fundamental economic factors such as demand. That is NOT what we are experiencing today.
In South Florida, with our warm climate, our beautiful coastline, and tax benefits, more and more people are moving
here every day. Many of those individuals have realized they can work from home and are no longer tethered to a
The latest stats from snntv.com indicate that nearly 1000 people move here every day and many are coming from
northern states . ...
Monday, April 12, 2021 / by Bridget Bass
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Wednesday, February 10, 2021 / by Bridget Bass
Florida has an historic reputation of being a perfect place for retirement. Hundreds of thousands of people have moved to Florida to retire in this subtropical paradise, especially from Northeastern states like New York, Connecticut, and New Jersey. But the climate isn't the only thing bringing flocks of retirees to FL. In a recent study by WalletHub, Florida was ranked the #1 state to retire in based on a comparison of all 50 states across 45 key indicators that measured affordability, health-care systems, and overall quality of life.
You don't need an in depth analysis to see why Florida has remained the most popular retirement destination in the country. For starters, it's nicknamed "The Sunshine State". Florida residents experience beautiful weather year-round with winter temperatures around 50° Fahrenheit and over 230 days of sunshine compared to the national average of 205, that's almost an extra month of sunny days! That mean. ...
Wednesday, February 10, 2021 / by Bridget Bass
If you're a buyer looking for a home in South Florida, don't wait. Inventory is low with no sign of improvement. Experts say that sales will continue to increase as much as 21.5% by December 2021. If you're a buyer, that means your competition isn't going to go away.
If you're considering waiting until the market cools, all signs say: No! The market isn't going to cool; in fact, it's going to continue strong. Buyers who are financially able to buy now, should.
Here are two reasons why you can't afford to wait:
1. Home values are expected to rise by 10.5% by the end of the year.
Let's say you buy a house today valued at $300,000. Same time next year, that house may be worth $331,500 or more!
2. Today's mortgage rates are low which means you can afford more.
Rates are starting to rise - which means the sooner you buy, the more likely you are to take advantage of lower rates. Lower rates means you can afford more of a home. For example, Zillow reports that today&rsq ...
Friday, January 8, 2021 / by Bridget Bass
What is the Florida Homestead Exemption?
It is a tax exemption offered to Florida property owners that can reduce their property tax liability. This exemption helps thousands of Florida homeowners save money on their property taxes every year. Further benefits are available to property owners with disabilities, senior citizens, veterans and active duty military service members, disabled first responders, and properties with specialized uses.
How does it work?
It’s offered based on your home’s assessed value and offers exemptions within ranges of your homes value. Specifically:
For the first $50,000 in assessed value of your home, up to $25,000 in value is exempted. (This exemption applies to all property taxes, including those related to your school district.)
You pay full taxes on any value between $25,000 and $50,000.
For any assessed value between $50,000 and $75,000, an additional $25,000 is eligible for exemption. (but this exemption does not apply to sch ...