Fla. sees more out-of-state buyers from high-tax states

February 7, 2019

NEW YORK – Feb. 5, 2019 – The massive tax reform package signed in December 2017 changed things. With a new state and local tax cap of $10,000, high-income homeowners in high-tax states such as New York found themselves facing a notably bigger tax burden than they once did.

However, that makes low-tax states, such as Florida, more attractive.

The Wall Street Journal, citing a Zillow study, says “preliminary data show a jump in Florida home purchases by buyers from high-tax states,” and that “home values in lower-tax areas have been rising faster than those in places where limiting the ability to deduct high state and local taxes eroded some of the savings from the federal tax reduction.”

Jonathan Miller, a real estate appraiser who focuses on the South Florida market, says he’s “starting to see New Yorkers as Florida’s new foreign buyer. … If they were already on the fence, I think the tax law has changed the calculus for some.”

According to July 2017-2019 Census data, Florida had the nation’s highest level of net domestic migration, while New York lost the most residents.

Source: The Wall Street Journal, Laura Kusisto, Arian Campo-Flores and Jimmy Vielkind

© 2019 Florida Realtors®


Celebration Marathon

September 20, 2018

The 6th Annual Town of Celebration Marathon and Half Marathon will be held on January 27th, 2019.

Registration is OPEN! Visit CelebrationMarathon.com to register.

Kathy started training! Take a short walk with her by clicking the link below:

 


Remodels that Pay

July 6, 2018

Steel Doors
You don’t want to go cheap on a standard front door. At roughly $1,000, steel doors are comparatively affordable, durable, low maintenance and burglar resistant. As an added bonus, the National Association of Realtors® reports that steel door upgrades show the highest return on investment of any home remodel, at over 100 percent of the cost.

Solar Panels
As the price of solar panels continues to drop, the energy payback on installing them is becoming greater and greater. The average rooftop solar system is now paid off in seven and a half years. After that, panels are a big money-saving asset. A study by the Lawrence Berkeley National Laboratory notes that homebuyers “consistently have been willing to pay more for a property” with solar panels—a premium of around $4 per installed watt, on average.

Related: Will Your Homeowners Insurance Cover Solar Panels?

New Siding
The exterior of your house is the first thing potential homebuyers see when they come to your home, and you want to make the best first impression. This is part of the reason redoing your siding is so profitable. New siding recoups around 80 percent of the initial cost, according to the National Association of Realtors®, thanks largely to the increased curb appeal and improved energy efficiency it provides.

Broadband Access
Access to broadband speeds is considered an essential utility for today’s connected homebuyer. Research shows that faster internet speeds increase your home value by as much as 3 percent. Homeowners can prepare their homes for higher broadband connectivity by working with area providers to install requisite equipment and wiring. Building out wall ports and cable-hiding baseboards is a good move to attract buyers, too.

Even if you’re not considering selling your home just yet, keep potential selling benefits in mind. Intrepid homeowners know that the best remodels will increase both quality of life and listing price, so take care to invest in projects that will net the biggest returns.


Thanks for the memories Orlando!

March 7, 2018

Here’s a nice article from the Orlando Sentinal:

As a Canadian who has resided the past several winters in Florida and is now selling her property, I cannot leave without thanking this country.

The United States is a great nation. The people are wonderful, very kind, very caring, very generous.

I have been continually thankful for each day here. I leave with many happy memories.

May God continue to bless this country. May it continue to prosper.

Thank you. Paula G.


Remember to “Unfreeze” Your Credit

February 1, 2018

Following last year’s Equifax data breach, many people froze their credit-score accounts to safeguard them from potential identity theft. If you will be shopping for a home soon, you may face some hassles getting approved for a mortgage if you don’t remember to unfreeze your credit first.

Lenders tend to pull reports from the three main credit bureaus – Equifax, Experian and TransUnion – when approving a buyer for a mortgage.

You may want to take a day or two to unfreeze them before you apply, but definitely make sure they are all unfrozenbecause it could potentially cause an issue if (mortgage lenders) can only get one or two out of the three.

 

When you freeze a report, you’re often given a PIN that allows you to freeze or unfreeze the report at your own discretion. Or, you can contact the three nationwide credit bureaus to learn about unfreezing credit:

 


3 Florida cities in top 10 for Increase in Millennial Residents

January 31, 2018
ORLANDO, Fla. – Jan. 30, 2018 – Millennials make up a quarter of the nation’s population and are expected to have a huge influence over real estate in the coming years. But though the millennial population increased 4.7 percent between 2010 and 2015, according to Census data, the growth has not occurred evenly across geographic areas.

Cities with the highest growth in millennial population from 2010 to 2015

  • Colorado Springs: 14.7 percent growth
  • San Antonio: 14.4 percent
  • Denver: 12.8 percent
  • Orlando, Fla.: 12.7 percent
  • Honolulu: 12.2 percent
  • Austin: 11.8 percent
  • Cape Coral, Fla.: 11.7 percent
  • Houston: 11.7 percent
  • Sarasota, Fla.: 11.1 percent
  • Seattle: 10.8 percent

Cities with the highest share of millennials as of 2015

  • Provo-Orem, Utah: 30.4 percent
  • Austin, Texas: 27.2 percent
  • San Diego: 27 percent
  • Virginia Beach, Va.: 26.9 percent
  • Madison, Wis.: 26.8 percent
  • Colorado Springs, Colo.: 26.4 percent
  • Bakersfield, Calif.: 26.3 percent
  • Honolulu: 26.3 percent
  • Salt Lake City: 26.2 percent

The U.S. cities with the lowest increases in millennial populations are Birmingham, Ala. (–0.6 percent); Chicago (0.2 percent); Toledo, Ohio (0.5 percent); and St. Louis (0.9 percent).

Source: “Here’s Where Millennials Are Moving,” Curbed.com (Jan. 26, 2018)

© Copyright 2018 INFORMATION INC., Bethesda, MD (301) 215-4688


Celebration Lifelong Learning

January 24, 2018

Mission
The mission of Celebration Lifelong is to provide an
extraordinary educational and enriching program for
mature adults in Celebration and its environs. Dedicated to
intellectual growth, social interaction, and well-being of its
members, Celebration Lifelong is a membership program
that encourages those who are willing to volunteer their time
and talents to teach and develop courses and activities.
Celebration Lifelong is a community partnership program
with the Celebration Foundation and the Community
Residential Owners Association (CROA). The office is
at the Celebration Foundation on 610 Sycamore Street,
Office #110 in the Seminole Building and the courses
for members are held at Celebration Town Hall at 851
Celebration Avenue.
There are three sessions in the spring. Each session lasts
three weeks. This spring the sessions begin on: February 13,
March 13, and April 10. Most classes last one hour and
fifteen minutes and there are three classes for each course.
Courses meet on Tuesdays, Wednesdays, and Thursdays.
In addition, Tuesdays from 3:15 – 4:30 pm are devoted to
special lectures and events.

Click the link below to access the Spring 2018 Course Catalog:

https://celebrationfoundation.org/wp-content/uploads/2018/01/CLL_Spring2018_catalog_web_1-17-18.pdf