A popular tax deferred program used for real estate transactions when the property has been used for investment purposes is a 1030 exchange. First American Exchange is a company that helps facilitate these types of exchanges and is considered an expert in the field. As with any tax deferral program, there may come a time when you need a good exit strategy. FAE recently published an article that dives into the strategies involved in this program including exit strategies.
What are the standard closing costs when buying or selling a home in the Naples area?
Purchasing or selling a home is a major life (and financial) decision. As a part of the decision to buy or sell, it is important to have awareness of the costs associated with that endeavor whether you are a buyer or a seller. Here is a video that walks through what costs to plan for on the buyer and seller side to help you make better, informed decisions.
What superpower would I want in my field of work? Definitely a crystal ball to be able to see the future. In real estate, we try to get as adept as we can about the environment by studying past date and current economics to help make informed and smart real estate decisions. In my quest for data and information to help me serve my clients, I stumbled across some cool tools to for home value appreciation that I wanted to share with others.
There are so many things to be aware of when it comes to buying and selling real estate. One topic that most buyers and sellers are not experts on is the topic of permits. The lack of knowledge on this topic can cause challenges in the buying and/or selling process. Given the potential legal nature of this, getting attorney guidance is important. Below is some guidance shared from one of our area real estate attorney's, Don Ross, related to un-permitted work and how that is handled.
Why Raveis Purchase is Strikingly Different than Sinking iBuyer Models - Naples Real Estate
By now you’ve heard that Zillow’s “iBuying program goes from full speed to full stop,” in the words of CNN. They will stop buying homes through Zillow Offers for the rest of the year in order to work through the backlog of homes it has already bought. The “iBuyer” model used by Zillow and other real estate companies involves purchasing homes directly from sellers (at a low price), and then re-listing the properties (at a high price) after doing minor work. They then keep the value they created for themselves.
When someone you love passes, there are often many logistics details to sort through on top of the emotional mourning and adjustment that people face. Working through how to handle the loved ones financial commitments and personal/business assets and belongings often becomes the responsibility of others. The below article was written by Sam Saad, a local real estate attorney, to help agents who may be listing properties that are part of estates. I have modified the article slightly with Sam's permission to be appropriate for the general audience in order to provide some high-level considerations if you involved in home sale of a deceased family member.
Do you know about the new flood risk ratings and how they impact flood insurance? Naples Real Estate
Effective October 1st, there are new changes being implemented that affect flood insurance guidelines and costs. Are you familiar with the high-points of these changes? Matt Nance from Responsive Insurance has provided some a nice, high-level summary to give important insights on this change that is just around the corner.
In a sea of nearly 7,000 real estate agents in just Naples, Florida alone, how are you supposed to choose the right real estate agent for such an important life event. We'd like to share the top 10 reasons the Renee Hahn group might be the right fit for you.
In this hot market, many sellers are expecting a quick sale for top dollar. Unfortunately, that doesn't always happen for a variety of reasons. If your home isn't selling in a hot market here are some causes to reflect on and make any necessary adjustments to help shift the trending. Although you shouldn’t panic, you should start asking questions if you aren't getting any serious offers.
The home inspection process is an opportunity for discovery... to provide buyers insights about the condition of the home as a part of their home buying decision making. A study of 50,000 home inspections were analyzed and results summarized on RepairPricer.com. These are national findings and give you some insights into the more common findings.
NAPLES REAL ESTATE BLOG
This section will not be visible in live published website. Below are your current settings:
Current Number Of Columns are = 2
Expand Posts Area =
Gap/Space Between Posts = 7px
Blog Post Style = card
Use of custom card colors instead of default colors = 1
Blog Post Card Background Color = current color
Blog Post Card Shadow Color = current color
Blog Post Card Border Color = current color
Publish the website and visit your blog page to see the results