Pocket Listings are not smart for the Seller

Many sellers and also their agents when they are hired by such a seller are not very smart when they agree to make a pocket listing. Both the seller and their agent will leave good money on the table.

The reason for this is that the pocket listings are not marketed to the biggest possible audience because it is a pocket listing. The nature of a pocket listing is that it sits in the pocket of the seller or the agent and only a hand selected buyer audience will have the chance to make an offer. 

On the other hand the members of this ‘elite’ crowd may not include that potential buyer with the deep pockets that the seller is hoping for or need to get out of his/her property. The buyer with the deep pockets is often outside this crowd and the seller will not get to this buyer because this buyer does not know that the seller wanted to sell his/her property. That is not a good position for the seller.

Therefore Mr. Seller you should think twice what is better for you – Make a pocket listing and get a lower price from a limited buyer audience or publish your listing with an broker on the MLS and get a higher sale price and a potential higher gain from your sale because your property is seen by a much bigger buyer crowd with deeper pocket?

You have a real estate question? We love to assist you – andrea@florida-informations.com.
In Real Estate we are always on your side - http://www.amazon.com/Your-Residence-Paradise-Property-Purchase/dp/0986252913

 

To Cheat on Your Property Tax May Not Be a Good Idea

Everybody wants to keep as much money as possible in his/her own pocket that is understandable. And may be the reason to cheat on your property taxes and therefore you do not tell your tax appraiser about the alteration that you have done to your home – your new addition or your new pool without the proper permits from the city and the adjustment to the property taxes.

But that is not a good idea in our technological new world. Each person has a cell phone and we record and document everything want we see and what we do and post it right away to the social networks everywhere not realizing that we expose not only ourselves but also our neighbor. And don’t forget, what you can do, the tax appraisers can do too but only on a much higher level.

The property appraisers are normally not allowed to trespass your property for their assessment pictures and when you have a fence they are not allowed to peek over it. However, they have something much better for their purposes – the aerial pictures and this services is legal for them and you can do anything against that. Therefore you should think twice when you enhance your property with items like a pool without getting a permit and a tax adjustment. It is only a matter of time until the property appraiser will notice it.

On the other hand you should not forget, that your property tax is used for your own good. Your taxes pay for schools, fire department, the sheriff or police and the hospitals. Therefore when you cheat on the property taxes you only hurt yourself and your family.

You have any questions to this topic? You can reach us at andrea@florida-informations.com.
In Real Estate always on your side -  http://www.amazon.com/Your-Residence-Paradise-Property-Purchase/dp/0986252913

Florida is Nationwide the Number 2 State when It comes to Business

In new survey over 500 CEO were interviewed and asked to rate their business home state in regards to the regulatory environment. Florida made it on place 2 behind Texas for the most desirable states to open a business.

The reason for this decision is the economic growth of the state that is also pushed by the governor with is pro-business laws. The state of Florida has no person income tax and favorable tax rates for business.

A further big benefit for business is the transportation and infrastructure. Florida has several big ports that not only connect the countries within the Caribbean but also to South and Central America and eastward to Europe and Africa.

The state with the worst rank for business is California and it has this status for the last 10 years. Therefore think twice where to open your business.

Want to know more how to do business in Florida? Contact us at info@florida-informations.com. We are always on your side. 

Hottest Information about the Real Estate this Spring

The rents are increasing and the home inventory is still low so that potential buyers have to be prepared meeting a hard competition in their home hunt. However, on the bright side the mortgage interest rates are still low and it is much easier to get a mortgage for your dream homes because the lenders' requirements are less stringent.

The competition for buyers may even get worse because some homeowners who thought about moving to a new home reconsider their financial situation and may stay a little bit longer in their today’s home. On the other hand the interests rates may also rise in the next few month as already communicate months ago, even when the increase will be very moderate so that the recovery will not be disturbed.

When the interest rate increase it is for the lender more profitable to loan money so that the availability of the money will grow too.
 
For FHA borrower there is also good news. The credit insurance premium for a mortgage of 95 % of the home value is decreasing from 1.35 % annually to 0.85 % and that will help these borrowers in realizing their home dream.

You want to know more about the actual market trends? Contact us at andrea@florida-informations.com.

In Real Estate we are always on your side -
http://www.amazon.com/Your-Residence-Paradise-Property-Purchase/dp/0986252913

Stationary Battery for Homes and Business in Sight?

The Tesla Motors Company is looking for a new business field and based on their expertise - the energy efficiency business. They want to go into the production of stationary batteries for homes.

Today the homeowner who has solar panels on the roof has only the option to use the produced power themselves in their house and the surplus of the power will either get lost or in some areas they can offer that power into to the power grid of their city. Normally they get a payment for the produced and delivered power into the grid. However, on other days when the production of power is not enough they have to use the city power grid to cover that need.

The motor company want to go in the field in producing stationary batteries for homes and business. The energy that is produced during the day is planned to be stored in these batteries for the night hours. In this case the energy producer use its own energy and has no need for a different power source and has not to pay the power company.

Let’s us see how the Tesla company will manage the existing challenges like the size and the life span of the batteries. The company has big plan and expectations towards their project. It will be exciting to observe this challenging plan.

You want more information about energy efficiency? Send us an email at info@florida-informations.com. We are always at your side.

Some Important Expenses for Homeowners after the Purchase

Many homeowner only see the purchase price and are happy when their transaction closes. However, after the closing they do not pay rent anymore but there are some expenses that they have to keep in mind.

Every property should be insured so that the financial and property damage is covered in case a disaster strikes. The homeowner insurance pays for the property damages and possession losses. Normally you as the homeowner have also a deductible amount and that is your obligation to cover. The insurance kicks in when the damage amount is higher than your insurance deductible.  

The homeowner insurance usually insures wind and fire but not earthquake and flood. For these disasters you need an additional insurance coverage.  It is also important where your home is located. When your home is for example close to coast lines with high storm risks, this insurance is significantly more expensive than in areas with low storm risk.

Additional obligations for you as the homeowner is the maintenance of your home and the annual property taxes as well as the trash removal. When your home is located in a homeowner association community the monthly association fees are a necessary expense too. You should not ignore these payments.

You want to know your obligations? Contact us at andrea@florida-informations.com

 

Why you should buy a home now!

Everybody who is renting right now, should really think hard if there is any possibility to purchase a property. The reason is that the rents are going up constantly and based on newest surveys the landlords have the intention to keep this pressure. The rental demand is there and many tenants are too afraid to look for their dream home.

However, as a tenant you should always keep in mind that you pay a landlord for the right to stay in a home and at the end of every month the lease money is gone from your pocket to the landlord's. Would it not be better that this money goes in your own pocket?

That is easily possible when you are a homeowner yourself. Even when the home inventory is low and you have to look harder to find what you want, your dream homes is out there. When you find it you have to act quickly and make an offer. Therefore you need to be prepared so that you get the best possible interest rates for your mortgage.

To be ready for your loan application you should put the following hints on your list. They will help you to get what you want: the loan for the purchase of your dream home.

1.      Get ready to show your lender your ability to pay back the loan. Your employment records and your monthly budget plan are a valuable information for the lender.

2.      Your home value is an important point because it will be the security for the loan. The closer the home value matches to your loan amount, the better.

3.      You should have as much money as possible for the down payment at your hands even when you do not intend to use the whole amount.

4.      Your actual credit score creates a clear picture how well you pay your bills and debts on time. Therefore do not miss a payment.

Start today on your way to your dream home and pay yourself rent and not the landlord.

You have questions how to start? Please contact us at andrea@florida-informations.com