5 Most Common Home Buyer Regrets

Half of recent home buyers say that if they could repeat the homebuying process, they’d do something differently, according to a survey by financial website NerdWallet.com. Respondents indicate that their biggest source of regret when buying a home was not preparing enough financially for homeownership. Here are some of the most common reasons for buyer … Continue reading 5 Most Common Home Buyer Regrets

Short-Term Rentals and Loss of the Homestead Exemption

Article provided by Berlin Patten Ebling, PLLC   The Florida Property Tax Exemption for Homesteaded Property provides valuable tax benefits to owners of real property in Florida.  Homestead exemption tax benefits include a reduction in the taxable value of a primary residence, as well as a cap on any increase in the taxable value of … Continue reading Short-Term Rentals and Loss of the Homestead Exemption

Most Consumers Think Their Insurance Covers Flooding

Fifty-six percent of consumers recently surveyed believe that a standard homeowner’s policy covers flood damage. But they’re wrong, and their assumption could be costly.   A survey by insuranceQuotes of about 1,000 consumers shows a lot of misunderstanding when it comes to home insurance – specifically what’s covered and what’s not.   “Being misinformed about … Continue reading Most Consumers Think Their Insurance Covers Flooding

The Risk of Home Prices Going Down? ‘Ultra-low’

antidepressants over the counter What are the chances home prices will decline as they did during the recession? Almost none.   The likelihood of home price declines across the United States over the next two years is unusually low – only 4 percent, according to the latest Arch MI Risk Index statistical model for Spring … Continue reading The Risk of Home Prices Going Down? ‘Ultra-low’

Quit Claim Deed Scam Easy To Do, Hard to Fix

Deborah Maxwell thought she did everything right when she bought the house on Chelsea Avenue. A nurse for 28 years, Maxwell bought the rental home from someone she trusted – her longtime insurance agent. Then one day in 2015, she discovered someone had seized ownership of the house, forging paperwork at the Jackson County Courthouse … Continue reading Quit Claim Deed Scam Easy To Do, Hard to Fix

Market Update – February 2017

The combined inventory of single-family homes and condos in the two-county area reached 8,557 in February, the highest number since April of 2012. The number of single family homes for sale in Sarasota County is up by 15.1 percent from February of last year, and is up by 6.5 percent in Manatee County. Condo inventory … Continue reading Market Update – February 2017

Market Update – January 2017

Recent data produced by Florida REALTORS® for our two-county area indicates January 2017 to be off to a solid start to this season’s sales.   Inventory has been increasing in the two-county area each month since September. The result of higher inventory is that we are very near the balance between a seller’s and a … Continue reading Market Update – January 2017

Considerations When Purchasing Waterfront Property in Florida – VIDEO

  Imagine you buy that house of your dreams with a beautiful waterfront view. You naturally assume that because your home has that incredible waterfront view that you also have the legal right to access the water and to use it for customary uses, such as recreation, or even the location of a dock. And … Continue reading Considerations When Purchasing Waterfront Property in Florida – VIDEO

Lady Bird Deed: They’re Not Just for Estate Planners Anymore

A Lady Bird deed is gaining popularity in the real estate community as a means of transferring real property (by warranty or quitclaim deed) without the need for probate. Technically speaking, a ladybird deed is a transfer of real property to a contingent grantee that reserves 1) a life estate, and 2) the lifetime power … Continue reading Lady Bird Deed: They’re Not Just for Estate Planners Anymore

Real Estate Market Update – December 2016

meds for depression and anxiety Closed sales for condos increased in each county in December as compared to December 2015, with Sarasota at a 12.5 percent increase and Manatee at a 7.8 increase.  Single family sales, however, are down from last year. Sarasota County decreased by 6.1, while Manatee experienced an 8.2 percent decrease.   … Continue reading Real Estate Market Update – December 2016