May 2010

There are 2 blog entries for May 2010.

Rent or Buy?

Sunday, May 30th, 2010 at 10:01am. 228 Views, 0 Comments.

We have had several recent inquiries from potential homebuyers asking us if this is a good time to buy a home. Or should they just continue to rent until opportunities to buy will be better?

Below are some of the many benefits of owning versus renting:  
  • Tax write offs from both the IRS and the State of Florida
  • Potential substantial price appreciation of homes over time
  • Avoiding persistent rent increases year-after-year
  • Avoiding landlord problems and sudden notices that the rental property is being put up for sale
  • Favorable treatment of capital gains and exclusion of $250,000-$500,000 of the capital gain from taxable income
  •  Great reasons to consider buying now: 
  • Lowest interest rates for home loans in 25-30 years, not going to last…
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    Home & Condo Sales Results - 1st Quarter 2010

    Wednesday, May 12th, 2010 at 2:57pm. 168 Views, 0 Comments.

    The Florida Realtors® state association has just released 2010 1st quarter home and condo sales statistics and we wanted to share the news with you.

         

    Sales of existing single-family homes in Florida rose 24% in the first quarter of 2010 compared to the same period a year earlier. A total of 38,846 existing homes sold statewide in Q1 2010. It marks the 7th consecutive quarter that Florida has seen higher existing year-to-year home sales. The statewide existing-home median sales price decreased 5% in Q1 2010 compared to a year earlier. Distressed property sales continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes due to physical condition of home.

                     

    Statewide…

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