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How To Determine Your Home’s Selling Price

June 2, 2022 by kristen thompson Leave a Comment

Home selling price

Let’s start with some important facts about recent home sale prices in Florida: According to research by Florida Atlantic University and Florida International University, homes in Tampa Bay continue to sell at a premium, far beyond expected prices. While the average home sold in Tampa for 39% above the expected price at the end of 2021, that number rose to 49% as of 3/31/22. In the latest Continue Reading

BUYERS: What Kind of Market Research Should My Real Estate Sales Agent Provide?

May 2, 2022 by kristen thompson Leave a Comment

Real estate market research

For most buyers, purchasing a home is the largest investment they will make, and they crave accurate information to make a sound decision. We believe more understandable information is better when making such an important decision. If comprehensive market research and more might help our clients, we want to provide it. When we talk about “market research” in the context of real estate, we Continue Reading

The Benefits of a 1031 Tax-Free Exchange

April 25, 2022 by kristen thompson Leave a Comment

Benefits of using a 1031 Tax-Free Exchange in Real Estate Sales

Are you a real estate investor or someone looking to exchange a vacation home or rental property for a different type of investment? If so, a 1031 tax-deferred exchange might be suitable for you. When executed strategically and under the right circumstances, 1031 exchanges can help upscale and further optimize your investment portfolio. What is a 1031 Exchange? Under the standard tax code Continue Reading

The Homes Boomers Will Retire In

April 18, 2022 by kristen thompson Leave a Comment

Baby boomers retirement real estate

Baby Boomers (born between 1946 and 1964), whether they are still working or are fully retired, are at the forefront of what’s been called the longevity economy, living longer, healthier lives than their parents. This physical shift also comes with a cultural shift in attitudes, especially about their retirement home. For the Silent Generation (also known as the Greatest Generation or the World Continue Reading

What To Do When You Inherit a Home

April 11, 2022 by kristen thompson Leave a Comment

Home Inheritance

Caveat: This article is not about the legal process for finalizing an inheritance. The details to cover that topic are extensive and readily available online. As a convenience, we have outlined some of the basic steps and guidelines at the end of this article. Rest assured, at some point in the inheritance process, you will need to work with an attorney who should cover all the details of what Continue Reading

The Pros and Cons of Buying a Vacation Home

March 21, 2022 by kristen thompson Leave a Comment

Florida vacation home

Thinking about buying a Florida vacation home? You’re not alone. Florida’s 1,350 miles of coastal beauty and seemingly endless sunshine draw millions to our shores each year. Add to that, the Tampa Bay Area is ranked sixth by Travel & Leisure Magazine out of the seven best places to buy a vacation home in Florida, and the idea of a Tampa Bay or Gulf coast vacation home becomes even more Continue Reading

Benefits of Putting Your Real Estate in a Trust

February 21, 2022 by kristen thompson Leave a Comment

real estate planning

What will happen to your home when you die? Will it get passed on seamlessly to your heirs? Or will the government and creditors get some or all of it? What if you become incapacitated later in life and cannot take care of your home? What will happen? Those are touchy questions to ask, but the first set of questions is inevitable, and the second is possible. If we care what happens to our Continue Reading

Helping Your Adult Children Buy Their First Home: What You Should Know

February 15, 2022 by kristen thompson Leave a Comment

Helping kids buy a house

If you’re thinking about helping your son or daughter purchase their first home, you are not alone. Many parents, just like you, help their kids make the jump from living at home to owning one. According to the National Association of REALTORS®, 23 percent, or nearly one in four, of those 37 years old or younger used a gift from their parents to buy their first home, and 6 percent relied on a loan Continue Reading

Should I Buy or Should I Build? Pros & Cons

February 7, 2022 by kristen thompson Leave a Comment

Build or Buy Real Estate

You want a new home…or at least one that's new to you. Should you buy or build? Both have their pluses and minuses. How do you decide which avenue to take? That depends on the time frame you have to make a move, where you want to live, and how much personal customization you want in your new (or new-to-you) home. According to the U.S. Census Bureau, the median price for an existing home in the Continue Reading

Keep or Sell Your Vacation Home?

January 31, 2022 by kristen thompson Leave a Comment

keep or sell vacation home

Recently, we’ve had the opportunity to help a few clients sell their vacation homes – mostly condos along our beautiful Gulf coast beaches. It wasn’t that they no longer wished to vacation at their favorite beach community, but they were visiting less frequently, and the cost to benefit no longer balanced out. Like these sellers, many homeowners are observing how the market is changing and Continue Reading

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