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.
Hurricane Season is Here
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.
Tips for Buyers & Sellers
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.
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.