Friday, January 8, 2021 / by Bridget Bass
What is the Florida Homestead Exemption?
It is a tax exemption offered to Florida property owners that can reduce their property tax liability. This exemption helps thousands of Florida homeowners save money on their property taxes every year. Further benefits are available to property owners with disabilities, senior citizens, veterans and active duty military service members, disabled first responders, and properties with specialized uses.
How does it work?
It’s offered based on your home’s assessed value and offers exemptions within ranges of your homes value. Specifically:
For the first $50,000 in assessed value of your home, up to $25,000 in value is exempted. (This exemption applies to all property taxes, including those related to your school district.)
You pay full taxes on any value between $25,000 and $50,000.
For any assessed value between $50,000 and $75,000, an additional $25,000 is eligible for exemption. (but this exemption does not appl ...
Wednesday, September 30, 2020 / by Bridget Bass
Buyers are not the only ones who have to pay closing costs!
If you're planning to sell your home, you should consider the portion of closing costs you will have to pay as a factor in determining your sale price. Most of the closing costs will be deducted from the profit on the sale of your home.
While closing costs for sellers can differ due to variations in local tax laws and other requirements, you can expect to pay anywhere from 8% to 10% of the home's sale price during the closing, according to Zillow.com. It’s important that you know about these potential costs to understand your obligations as a seller and avoid unwanted surprises at closing.
Here are some of the most common closing costs for sellers:
1. Real Estate Agent Commissions
A typical commission is usually between 4 and 6% of the sales price of the home, which will be split between the listing agent and the buyer's agent. The real estate commission is usu ...
Monday, August 3, 2020 / by Jordana Tobel
A bad time to sell? Well, no. A bad decision to buy? Absolutely not. What's REALLY happening in the South Florida real estate market?
To those outside the industry, it may feel different but there are facts and circumstances in today's world that simply make this market unlike any other. Those of us who were around for the 2008 Recession may have some moments that feel like deja vu, but the truth is that this is nothing like the last recession.
Let's dispel the top three myths:
MYTH #1. It's a bad time to sell a home.
Yes, we are in a pandemic and unemployment is an issue, however despite that fact, there are many buyers frantically looking for a place to call home. At the same time, many homeowners are choosing not to sell and thus new home listings plunged 14% in early July compared to last year at the same time. Total inventory is also down 32% year over year. That means the current buyer demand is higher than the seller supply.
If you are considering selling, now is ...
Tuesday, January 14, 2020 / by Jordana Tobel
You’ll find many agents who will list your home. Most of those agents will put your home in the MLS and hope it sells. That tactic may have worked years ago, but in today’s world of social media and google, you need a lot more power to sell your home for top dollar.
Here are 3 things that you’ll want to make sure you discuss with your agent (click below to watch the video):
1. What does your social media marketing plan look like?
Here at Premier Listings, we have a strong presence on Social Media – including Instagram, Facebook, LinkedIn, You Tube and more. Every listing receives dedicated posts to get your home in front of more buyers. Even better, every listing has a social media budget and we will pay to have your home show up in front of the right buyers. The most amazing thing about today’s social media is that we have a ton of information that we can use to target ads correctly. The truth is that in today’s world, we are lucky en ...