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Hurricane Season is Here

The month of June brings some "not so good news" to the state of Florida. June 1st marks the beginning of the 2019 hurricane season. Over the last few years, we've seen devastation from Hurricanes Irma and Micheal. With Micheal hitting in October of 2018 and Irma during the month of September in 2017.

No More AOB Abuse

A much-needed reform to Florida's Assignment of Benefits will be taking place on July 1st. Florida Governor Ron DeSantis signed House Bill 7065, which marked the end to a seven-year war by the industry and reform advocates, who were looking for a solution to the escalating abuse of the policyholder benefit.

Make Real Estate Great Again

President Trump spoke of his plans that could affect the real estate industry in front of nearly 2,000 agents at the National Association of Realtors midyear meeting held in Washington, DC.

Scams Still On The Rise

Recently, the Federal Bureau of Investigation (FBI) Internet Complaint Center (IC3) released its annual report on internet crime. In 2018 alone, a total of 351,936 complaints of internet crime were submitted. The claims stockpiled losses exceeding $2.7 billion.

Millennials are Rising Prices

Over the next ten years buying a home will become more competitive and costly as millions of Americans enter the age range where people usually buy their first home.

Tips for Buyers & Sellers

In case you didn’t know, SETCO is here for sellers and buyers alike. Together, with Qualia, we offer the safest, most advanced closing process available. For this article, we want to give some advice to both buyers and sellers to improve your real estate experience.

Renting Going Down

As rent prices are going up; the principal-and-interest mortgage payments are going down. CoreLogic's national rent skyrocketed 36 percent from December 2005 to December of 2018. Whereas, typical mortgage payment fell 4 percent over the same time frame.

Another Day Another Scam

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.  

Millennial Homebuyers

Millennials are going to be the target audience for home buying for quite some time, which could spark some bigger interests, but also bring in a broader variety of homes into view.

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.