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
What To Do When You Inherit a Home
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
Real Estate Sales Agent, Realtor, Broker*…Whom Should I Work With? And Why?
*Terminology is defined at the end of this article. We have to admit – we are a little biased about this topic. One of our tag lines, after all, is Work Directly With The Broker, meaning every person who works with our brokerage WILL work directly with Robert Coscia, our Owner and Broker. This makes a significant difference for several reasons explained here. In this article, we will share Continue Reading
The Pros and Cons of Buying a 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
Caring for Parents at Home
“Aging in place” is a Top Priority for Aging Adults: Here’s How to Plan for This in Real Estate We are an aging population and the projected numbers are worth noting. The number of people over age 65 in the U.S. is projected to DOUBLE over the next 40 years. Some of those people will include our parents, other family, and ourselves, and it’s inevitable they will need some level of Continue Reading
Benefits of Putting Your Real Estate in a Trust
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
Keep or Sell Your 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
Five Easy Steps for Getting Your Home Ready for Sale
So, you’re ready to sell your home. Whether it’s your first or your fifth sale, it can seem like a daunting task. At Personal Realty Advisers, we’ve helped hundreds of people like you sell their home over the past 30 years, and we offer these proven tips to make sure you get the most for your investment with the least amount of frustration or disappointment. Step 1. Hire the Right Real Estate Continue Reading
Cash Real Estate Sales Are Skyrocketing: Should You Consider Paying Cash For Your Next Home?
To say that today’s current real estate market is wild is an understatement. Homes are being sold as soon as they go on the market, often for cash and often above the asking price. This is especially true in the vacation real estate and retirement real estate markets. But why have cash sales boomed in our current market? Even if you have the cash available to purchase a home, is it prudent to Continue Reading
Work Directly With The Broker
Last summer I took the examination to become a real estate sales agent. The 60-hour course took me 120 hours. I now have a far greater appreciation for the work of sales agents. It wasn’t long into my first year of practice, however, that I realized I still know very little about real estate. Being able to partner with my significant other, Robert, was a blessing. Continue Reading
