The number of Canadians buying homes in Florida doubled in only one year, according to a current NAR report. With the Canadian dollar hovering around par with the U.S. dollar, buying Florida homes seems to be a nice investment for many Canadians (The Canadian dollar was worth only 80 cents three years ago). Also Canadians
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Some good news for first-time homebuyers: As part of the Housing and Economy Recovery Act of 2008, the IRS authorizes a deduction of up to $7,500 for qualified first-time homebuyers. The tax credit is part of a recently enacted legislation to help people recover from the recent mortgage crisis. The tax credit is basically an
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Did you already find your dream home? Was it out of reach because it was just to expensive? Look at it again! It may finally be affordable! Even if you have to sell your own home first – it is possible. If the price of your dream home dropped in the recent down market, it
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There are bargains out there which haven’t been there for almost a decase. No, no, don’t laugh. I’m serious. Of course, I don’t mean property that is overpriced or overvalued. The kind of real estate that is only available at these times and at these prices.  Realistic sellers, short sales and foreclosures mean opportunities for
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Another Luxury Real Estate Auction took place on Friday at the Longboat Key Club and Resort. The responsible local Real Estate company for this auction was Sky Sotheby’s Realty of Sarasota. The auction was overseen by Daniel DeCaro Real Estate Auctions Inc. Some noticeable outcome: 1522 & 1538 N Casey Key Road 8 Bedroom(s) |
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Florida is a hot market for international investors. With the settlement of home prices and the strong Euro, it´s a great time to buy Second Homes and Investment Properties. The high level of inventory still presures sellers to lower the prices of their homes. Together with the actual conversion rate this makes Florida homes much
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According to a new survey of the University of Florida, 82 % of Floridians expect the values of their homes to rise over the next 5 years. This may sound like a surprise, but for the UF economists it wasn´t. “The last time housing prices fell and didn’t recover within five years was during the
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More Choices Even in a down market, people are still selling property. In fact, the inventory of homes in our area is greater than ever. Negotiation Because of the great amount of inventory, there is more pressure for the seller to accept your offer. The sellers have to compete, which leads to lower prices. Check
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Flipping houses means buying and re-selling quickly with intentions of a profit. The most common flip involves one investor, who obtains the property at below market value. Most times this will be a property in need of major repair, or a property that has to be sold fast to avoid foreclosure. The investor then makes
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Buy and hold rental properties is one of the oldest methods that most people are familiar with. Renting your investment property can provide you with monthly cash flow while you build equity using your tenant’s money. Renting also allows you to take advantage of tax breaks for any improvements you make to the property. Although
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