Being scammed in 2019 can happen very easily. In our tech-driven world, there are many avenues that scammers can use to take advantage of us. Using smartphones, computers, and other advanced tech, they will do whatever it takes to steal your hard earned money. This can happen in many different ways, including sending an email, calling or texting you, or (recently) creating a fake bank.
Another Day Another Scam
Capital Gains Tax on Real Estate
Capital gains tax can happen when a homeowner buys their home for $100,000 and then, later on, sells their home for $500,000. Unfortunately, the seller may have to pay taxes on those profits in the form of capital gains tax. Now, with the new Tax Cuts and Jobs Act changing some rules, now is a great time to go over capital gains and how they work.
Which Price is Right?
Proper pricing in real estate is an important piece of getting your house off the market. Since buyers have the option to pick their budgets online while looking for their next home, for example, they can search for houses in a range of $150,000 to $200,000. However, it is important to list a house at a nice round price to get more clicks from more buyers. So, when putting a house on the market, instead of listing for $249,000, you can list for $250,000 to get a more extensive range of buyers. This way, you get seen by the groups looking for $200,000 to $250,000 and $250,000 to $300,000.
Good News for Real Estate
The National Association of Realtors President, John Smaby, believes real estate firms should remain optimistic about the future. "To look optimistically toward the future, with a majority expecting profits to increase in the next two years. These trends are positive signs, particularly in our constantly evolving industry."
Cold Spring for the House Market
Springtime invites many new home buyers into the market. However, this year seems to be taking a slow start due to higher prices. This is mainly hitting high economy areas, like California and other western states and cities and is part of a trend we've seen over the last five months. There are also too many homes and not enough buyers which has made homes more expensive.
Flood Insurance Reform
In 2017, House Financial Services leadership announced that the flood insurance reform would be a priority. The flood program was going to expire on September 30th, in 2017. However, several controversial reform bills were introduced that stalled in Congress. Once the 2017 hurricane season hit, Congress changed focus which led to multiple short term extensions of the flood program. 2018 saw many extensions which turned into program lapses and more week-long extensions.
New Tax Laws Trigger Moves to More Affordable Florida
Who doesn't love living near or on the beach, close to Disney and Universal Studios, or in a nice tropical paradise filled with rivers, beautiful nature, and tons of activities for the family (no matter their taste)? The obvious answer is nobody; Florida is a giant mixing pot for many reasons. People from other states are more frequently deciding that Florida is perfect for them, not just because of the things listed above, but for the fact that it is more affordable; Especially those in high tax states.