Friday, August 23, 2019 / by Lauren McGinnis
Friday, August 16, 2019 / by Lauren McGinnis
Based on a recent survey by the National Association of Realtors the largest group of first time homebuyers is people aged 25 - 36 (Older Millennials) right now in the us. With the median age being 32 years old. More and more "older millennials" are realizing that their dream of homeownership is actually within their reach right now!
So much so that of the population of new homeowners almost 90% of first time buyers fit into the "older millennials" grouping.
That 90% group can be broken down into these smaller groups:
54% are married couples purchasing a home for the first time
18% are single females
10% are single males
16% are couple ...
Thursday, August 8, 2019 / by Lauren McGinnis
First and most importantly, even if you are renting your home... YOU ARE STILL PAYING FOR HOUSING!
Think about it for a second. No matter where you live you have to pay; so if you are going to be paying the equivalent of a mortgage payment, then you should be paying towards owning your home. Sure you could argue that if you are renting you may not have to pay the property taxes or home repairs directly. However when you pay rent to the landlord, they have already added up all costs they may incur on top of the mortgage due and added that amount into your monthly payment. On top of the basic costs of owning a home most landlords also figure in how much they would need to turn a profit!
Second, Hou ...
Tuesday, July 30, 2019 / by Brooke Cole
We may see a surge of buyers coming from the Northeast!
According to new information by The News-Journal in Daytona Beach, "there's a growing mood among high earners in the Northeast that it's time to cash in their real estate chips in high-tax states and move to places like Florida."
We know SWFL has always brought tons of retirees for it's weather. Who doesn't want sunshine and beaches? But SWFL also brings buyers from out of state because there's no personal income tax.
"A bump in activity started with the federal tax overhaul in 2017. Although rates were cut for corporations and individuals, the ability of residents to deduct state, city and property taxes from their federal returns in places like New York, New Jersey and Connecticut was diminished. Other heightened tax obligations are kicking in as well. As of July 1, a three-decades-old “mansion tax” in New York State is being boosted in New York City to help pay for improvements to the ci ...
Thursday, July 11, 2019 / by Brooke Cole