July 2015

Found 5 blog entries for July 2015.

avoid common home buying pitfallsWhen you're ready to buy a home, be it a primary residence, a seasonal home that serves as a vacation property, or even an investment property, you'll encounter many different situations. We all know that it's an exciting and anxious time, but ultimately a worthwhile endeavor, because you lock-in your cost of housing, are able to build equity, and, have a great investment in your future.

All of this, not to mention it helps you to build wealth, provides you with tax benefits, and for so many, an escape from the capital gains tax, which is applicable to sale profits of up to $250,000 for singles, and up to $500,000 for married couples. In addition to these many benefits is the ability to make custom changes to suit your wants, needs, and lifestyle. What

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dont forget these big home buying costsBuying a home, be it your new primary residence, a second home, or, a vacation rental, is an exciting time. You think to the future and what lies ahead, filled with anticipation, and, the memories waiting to be made. Now, it's time to start planning to get there and create a checklist of all the things you need to do. Some of these tasks are obvious, like setting a budget and choosing an experienced real estate buyer's agent that's intimately familiar with the area.

You'll also have to decide what type of property will best suit your wants and needs. Fortunately, here in Sarasota, there are many choices, from single family residences, to condominiums and townhouses, to villas. Location will be a really big factor in your decision, but the good news is,

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best ways to advertise a vacation rental homeYou have a wonderful retreat that serves as your special vacation residence a few times out of the year. It's in beautiful, sunny Sarasota, and is in a great location. That means it could easily be generating a steady income stream, and, serve as your dedicated place to stay when you are taking some time off. What's more, you'll be able to take advantage of some tax benefits that will reduce incurred costs, which makes it even sweeter.

To get things rolling, you begin brainstorm on how you'll get the word out. After all, you can't rent your vacation rental if people don't know that it's an option. Of course, you can just post ads online and hold out hope that those will bring people to you to rent your property. While this is definitely part of a

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ways to get an earnest money deposit backBuying a home comes with a litany of tasks, takes quite a bit of time, and of course, there's a lot of money involved. It's not just being pre-approved for a home loan, but also, the mortgage note down payment, inspections such as home, pest, and wind mitigation, moving expenses, closing costs, as well as an earnest money deposit. Simply put, you'll be pulling your wallet out often, but it's well worthwhile to own a home in a great place like Sarasota.

It's not unusual for buyers, especially those house hunting for the first time, to be a little uneasy with parting with up-to thousands of dollars, based on a promise they have little control of keeping. Keep in mind, it's not that you don't want to live-up to your word, life happens when you're busying

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what to know about home appraisalsWhether you are selling or buying a home, there are two figures that are quite important, but only one dictates a specific direction. Those are the asking or listing price, and, the appraisal amount. Those two ought to be at parity, or, the appraisal should be more than the listing or asking price. If the appraisal comes in for less than the asking price or listing price, lenders will not approve a home mortgage for the buyer. Put another way, mortgage lenders won't pay more than a home is professionally deemed to be worth, according to market specifics.

This is the very reason a home appraisal is conducted in the first place, it allows banks, credit unions, and other mortgage lenders to avoid financing a bad investment. In addition, it also helps to

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