Monday, May 18, 2015

What to Know about Florida’s Homestead Exemption



Florida is one of the most affordable and beautiful places to live in the entire country. The Sunshine State is a peninsula that extends down from the southern states into the tropical Florida Keys, situated between the majestic blue waters of the Atlantic Ocean and the aqua-marine calm waters of the Gulf of Mexico. Not only is it the home of thousands of miles of beach, it’s also home to fishing, boating, hiking, camping, golf, tennis, horseback riding, and many other outdoor activities.
In addition to these, there’s the wonderful weather, which is filled with balmy breezes, short and mild winters, and best of all, plenty of sunshine. What makes it all even better is the low cost of living. Vehicles enjoy a longer lifespan because there’s no destructive ice and snow. There’s also no need for purchasing costly home heating oil, and goods and services are also less expensive. Topping it off is the state’s very business friendly environment and property owners have the benefit of taking advantage of what’s known as homestead exemption.
What to Know about Florida’s Homestead Exemption
In the state of Florida, a person’s home is quite literally his or her castle. This is because the homestead exemption does such much to owning real estate in the Sunshine State so attractive and affordable. Not only is Florida a state income tax free zone, it’s also a place to own a home with some very nice advantages, which include:
● Pay less in property taxes. The great thing about claiming homestead exemption in the state of Florida is the fact that you qualify for the money saving benefit from the very first day you occupy the property. There is no waiting period or qualifying time needed, you get to file for homestead exemption as soon as you move into your home.
● There are practically no limits. It doesn’t make a difference if you purchase a condo for $125,000 or a mansion for $3.5 million. The monetary worth has no limit but there are restrictions on property size, which cannot be more than half an acre.
● Double the advantage for married couples. If you are married, both spouses are eligible for homestead exemption, doubling the benefit. Should finances go awry, both spouses are still protected by homestead exemption when filing for bankruptcy.
● Protection from creditors. If you own a homestead exempt property in the state of Florida, you have a home that’s off limits to creditors. This means even if a person or company files a lawsuit against you, and wins a judgment, you can’t be forced to sell your property.
As you can clearly see, when you purchase a home in Florida, you not only get great weather, but plenty of peace of mind.

Pros and Cons of Buying a Foreclosure Home



Foreclosure homes are an increasingly larger share of the real estate market inventory. Because so many of these homes are currently on the market, their value is forced lower, making them a great buy for a homeowner or an investor. What's more, buying a foreclosure generally means working with motivated sellers. Having so many properties on their balance sheets, banks and credit unions want to unload them quickly. And there are other advantages to buying foreclosures. But there can't be pros without cons, so downsides do exist.

Advantages of Buying a Foreclosure

Price is not the only advantage of buying a foreclosed property. Though sales average about 27 percent less than their owner-occupied competition, there are other pros in buying a foreclosure.

Motivated Sellers

Banks and financial institutions are weighed down with foreclosure properties. And that excess inventory isn't cheap to carry month after month. This gives buyers an advantage and some measure of leverage. Though the process might be drawn out over a longer period, it may be worth the wait.

Faster Amortization

While some buyers will be able to buy foreclosure properties for cash, far more will have to finance through a bank or credit union. This means sellers can generally put down a greater percentage of the sales price as the price tag drops. It also means being able to carry a smaller note, allowing new homeowners to pay off their mortgage at a faster rate or in small increments.

Disadvantages of Buying a Foreclosure

Discount real estate is great. But buying at below market value doesn't come without a few strings attached. In these purchases, hitches are commonplace. So potential buyers should be vigilant and protect themselves by becoming informed about a home before they buy it.

No Warranties

The term "as-is" goes hand-in-hand with a foreclosure purchase. There won't be a builder's warranty and new owners might face unexpected, unwelcome surprises. Even foreclosure homes which pass inspections with flying colors might have enough nickel-and-dime issues to eat up the discount.

Property Liens

Owners facing foreclosure may have many other financial battles going on simultaneously.  In desperation to hang onto a property, the previous owner might have not met their income or property tax obligations. Work done by contractors to offload the property to avoid foreclosure might have gone unpaid. That can translates into property liens.

While foreclosures make initially make financial sense, closer examination can reveal an entirely different picture.

The Importance of Using an Experienced Agent When You Sell Your Home



Selling a home isn't a simple as cleaning up the interior and exterior and placing a "For Sale" sign in the yard. There many things that go into the sale of a home which are largely unseen by the general public. Market analysis, marketing the property, networking in certain circles and negotiating with potential buyers takes a great deal of time--and expertise. When homeowners go it alone and sell buy-owner or "FSBO", for-sale-by-owner, they could be making a number of mistakes and not even be aware of it.

Marketing

As mentioned, a "For Sale" sign isn't sufficient to market a home for sale. There is a whole universe of potential buyers across the street, over county lines, in other states and even other countries. Experienced agents start the marketing process by looking at a home through a potential buyer's eyes. What they see leads them to form recommendations to the seller. A property's salability is based on this analysis. It's important to know not only the history of a home but its competition on the next street over or in surrounding neighborhoods.

Advertising

Advertising is large part of marketing. It's important and critical to know where to feature the property and what circles to introduce a particular home. This greatly increases a property's strategic exposure, making it visible to the very audience which is most likely to act. With an experienced agent selling a property, the home will be made available to other brokerages and agents. And that's a huge advantage considering over 50 percent of homes are sold in cooperative transactions, according to Realtor. com. These are transactions involving an agent other than the seller's bringing in the buyer.

Security and Qualifying

Selling a home means making it accessible to complete strangers. Complete strangers which may or may not be qualified to buy a home. Many sellers feel uncomfortable opening their home to strangers on a whim. But having a seller's agent means not having to restructure schedules in order to sell a house. A good seller's agent knows how to vet buyers and assess their level of enthusiasm, not to mention their ability to secure financing.

Negotiations

Selling a home is an emotional event. Memories abound. And homeowner bias often clouds judgment about their property's actual market value. A good seller's agent ta

The Importance of Using an Experienced Agent When You Buy a Home




When purchasing a home, there are dozens of considerations which buyers must taken into account. From location, to the neighborhood's trend, proximity to schools, dining and shopping, local entertainment and of course, property type and cost. There's also the matter of having a potential purchase appraised and inspected. Additionally, there's the process of actually moving into the property once purchased and making sure all goes well up to and through closing. To make the process more stress-free, a buyer's agent is a great resource on which to draw experience and handle the many elements in a home purchase.

Experienced and Free of Charge

One of the biggest perks in using an experienced agent when buying a home is having someone who is intimately familiar with the process of a home purchase. What's more is buyer's agents don't cost home buyers anything. Their commission is taken from the broker's agreement between the seller and his or her agent. Buyer's agents can be specialists in their field or work as both buyer and seller's agents in other transactions. In either case, these agents are extensively experienced in the buying process.

Buyers' Agents Protect Their Clients

Individuals and couples might find their dream home, only to find heartbreak hiding behind the staging. Buyer's agents preview properties, determine a seller's motivation level, estimating the home's true market value and predicting the trend of a neighborhood. But the most important role of a buyer's agent is examining the seller's contract. Buyer's might learn of unexpected surprises if the contract is biased on behalf of the seller.

Negotiation and Renegotiation

The average real estate transaction has its fair share of snags. A buyer's agent knows how to spot potential problems before they arise. Moreover, an experienced buyer's agent works diligently to keep the process on track. A contract could become null and void if the buyers or sellers do not execute certain actions.

From recommending a reputable moving company, to helping with relocation, to making sure all is well at closing, a good buyer's agent can make the process significantly less stressful and even save their clients money. An experienced agent will not only work to get a home at a good price, but work to keep the whole process moving along from initial purchase option to closing and even beyond. Using a buyer's agent not only reduces stress, it leaves buyer's free to go about their busy lives from day to day.

A Fulfilling Relocation to the Florida Keys


The Florida Keys is home to many retirees from different walks of life. You can find ex-doctors managing cafes, ex-executives selling their handmade pottery, and ex-lawyers who own fishing charters just to name a few. These people finally abandoned the stressful daily grind to experience a slower and more relaxing pace of living.

The promise of warmth and sunshine is the reason retirees flock to the Florida Keys. Winter in the United States mainland can get brutally cold, but in the Keys, winter is usually a mix of sunshine and cool air. Absorbing some rays is good for your body, but don’t forget to apply enough sunscreen especially during midday when the sun will be right above you. Another draw to living in the Keys is the low cost of energy. Power plants in the Keys require less energy to make steam from water unlike power plants on the mainland.

If you’re one of those who’d like to live in an area with a close-knit community, then Big Pine is the best place for you. The island of Big Pine prohibits development because it contains a federally protected wildlife environment. Big Pine’s community works carefully to maintain their locale as well as to protect the wildlife that surrounds them. Real estate is relatively cheap and is quite a steal given the unspoiled beauty of the environment.

The chain of islands of the Florida Keys is connected by community bus services. You can get a ride to Florida City from Marathon by taking a bus operated by Miami-Dade Transit. Commuters from Key West going to Marathon can ride the bus operated by the Key West Department of Transportation.  

There are 2 airports along the Florida Keys chain of islands. They are Key West International Airport and Florida Keys Marathon Airport. Both of them are found in Monroe County.

Recreation in the Florida Keys

Key Largo
You can never run out of things to do in the Keys. You can manage your business by day and then enjoy wine while listening to soft jazz by night. Are you more of an arts and crafts person? Key Largo in the upper Keys offers arts and crafts classes such as pottery and quilt making.

Marathon
Whether you’re a green thumb who wants to fully enjoy the benefits of gardening or a novice who wants to learn about landscaping, there’s a place for you in Marathon City. The Marathon Garden Club offers classes on landscape design, floral arrangements, and conservation. The club encourages its members to contribute to the city’s beautification by improving their home’s landscape as well as that of their respective neighborhoods.

Big Pine Key
Remember that peculiar shrub you took a photo of? You may send that photo to the Big Pine Key Botanical Society for identification. Better yet, join them and get firsthand lessons about terrestrial and marine flora.

Key West
Discover Key West’s colorful history at the Key West Museum of Art and History. Appreciate treasures and relics recovered from shipwrecks, recognize the literary legends and artists responsible for Key West’s vibrant history, and discover the island city’s history as a seaport.

Islamorada
Islamorada is branded as the Sportfishing Capital of the World. Fishing charters are found almost everywhere. You may also book a charter for a full day, half a day, or a night trip to catch some swordfish. Living in the Keys wouldn’t be complete without experiencing boating and fishing.

People who have relocated to the Florida Keys
You’ll be surprised at how retirees spend their later years in the Keys. Some retirees own dive shops, others manage restaurants. Discover what some Keys residents are engaged with. Who knows, you might end up establishing a business with a fellow retiree.

The Turtle Hospital in Marathon City is the first of its kind in the world. In the early 80s, a man by the name of Richard Moretti retired from operating a Volkswagen autobody shop and moved to Marathon. Before settling down, he purchased a huge boat and the Buena Vista Motel. He used the hotel’s saltwater pool to house some marine animals he had caught. Eventually, educational tours were held at his hotel. Later on, Dr. Elliot Jacobson was recruited by Moretti to be the veterinarian for his Turtle Hospital. Today, the hospital admits injured turtles to be rehabilitated before eventually returning them to the sea.

Will Soto is a 65-year old performer at the Mallory Square in Key West. Upon his arrival in 1976, he got intrigued by the mix of people in Key West. He saw retirees who were ex-lawyers, ex-doctors, and ex-teachers who lived their lives far from the urban lifestyle. Today, he tightropes at the Mallory Square three nights a week.


Maintaining good health in the Florida Keys
Hospitals and clinics are accessible to Keys residents. Below is a list of the hospitals and clinics and their contact numbers.

Upper Keys
Universal Medical Center (305) 248-3290
Homestead Hospital (786) 243-8000
Sunrise Community Inc. (305) 245-9018
VA Primary Care Clinic (305) 248-0874
Mariners Hospital (305) 434-3000

Middle Keys
Fisherman’s Hospital (305) 743-5533

Lower Keys
Lower Keys Medical Center (305) 294-5531
Moped Hospital (305) 292-3015

Shopping won’t be a problem in the Florida Keys. Groceries, toy shops, dollar shops, specialty stores, and malls are dotted across the islands. Sears, Kmart, and Florida Keys Outlet Center are accessible in the Upper, Middle, and Lower Keys.

You can get fresh produce at a farmer’s market in Marathon. It is right across Kmart and is open during Saturdays at 10am. In Florida City, “Robert is Here” is another great source of fresh produce.

Thursday, January 08, 2015

Investing In Property In The Upper Florida Keys


As a real estate property investor, you must consider every move you will make thoroughly. A huge mistake may be disastrous. On this page I gives you some useful ideas to help you successfully put money into Islamorada Real-estate

After you have decided to become real-estate investor, the first thing you want to do is receive an LLC or any other entity put in place. Doing this should help you protect yourself both professionally and personally. Additionally, it may assistance with your taxes as well.

Get linked with other property investors to acquire help and learn. Lots of people are active in actual estate investing. In fact, there are lots of groups that focus exclusively on the subject. When you can't find any groups within your neighborhood, there are numerous them online. Get connected and study from other investors who is able to show you what you ought to know.

Locate a niche you are confident with and stick with it. If you concentrate on one market niche, you are able to become a successful investor. Whether you focus on buying and selling houses, investments with low down payments or low properties with low down payments, stick to what you are comfortable and acquainted with and you will definitely succeed.

Ensure that you select investment properties in locations where many people want to live and this have solid reputations. That can help to ensure your purchases are valuable. Also try to find properties that can be very easy to maintain.

Don't assume property values continues to increase. That may be an extremely dangerous assumption to make for almost any a single part of property and then in this market. Investments that supply you with a profit immediately would be the most dependable and safest investments. Properties that surge in value will likely boost your income over time.

It's surprising just how many investors work against their very own best interests when they have the opportunity to run their mouth. If you relax and listen, you will discover an opening to position yourself to get the price you want.

Properties located near water or businesses can be very profitable.

Before making an investment in any properties during these desirable areas, be sure to thoroughly investigate the whole neighborhood first. Neighborhoods positioned in areas where many people want to live have a tendency to hold their values well or even boost in value over time. However, neighborhoods in depressed area usually not repay well. Location can be a main factor in determining the price of a property. Islamorada canal front property investments can be a solid choice since properties close to the water make god rentals.

Should you buy a home that you are planning to rent out, you need to carefully choose your renters. They need to be capable of paying a deposit and first months rent. When the potential tenant isn't capable of that, there' a good chance they are going to have difficulties paying their rent too. Keep searching until you find the appropriate tenant.

When determining the worth of the property, think about rental values. Since you are collecting rent annually it might pull in a considerable amount of extra cash. Later you may resell your property making a good benefit from it.

Be also careful about knowing where line is before doing any digging. In the event you cause any major damage, you may be cited.

Make sure you could make your investment back plus some.

If you are first beginning, you ought to be patient. It might take over it usually does on the first real-estate deal. Don't overcome anxious regarding this. It is a wise way to use your money. Jut hold off until the best opportunity presents itself.

It may be very helpful in case you are familiar with the area. It you happen to live near by, you won't must worry the maximum amount of regarding what might happen to it if you rent it all out. When you are in the same area, you'll have more control of things.

Don't let your investments consume your emergency fund or cash reserves. If you wish to purchase property, you do need to have a fair amount of money that you just don't need to use right away. You definitely don't wish to everyday life influenced by having your entire money tied up in property.

Don't buy any property until you have an effective cash reserve set up. You should use any additional money for expenses including minor repairs. You should also have cash reserves should you can't rent your properties straight away. Even though a house is unoccupied, there is still expenses you need to pay.

You don't would like to waste a lot of time on managing your properties. Time is money, and it's better to try and have the process as hassle-free that you can. You don't want to babysit your tenants. Depressed neighborhood, the vacation market and college rentals must be avoided. Try to buy good properties which may have proven histories with consistent and good tenants.

Don't spend all your cash on purchasing properties. when you rent your property out, you may still need in order to pay for the mortgage, even when some of the units are vacant. It isn't smart to need to rely on your rental income for paying the mortgage.

The better knowledgeable you are, the more effective investment decisions you can make. When you aren't sure what you can do, it will make everything tougher. Follow the tips which i have given for you personally here, keep studying the ever-changing real estate market, and shortly you'll have got a different and strong property portfolio.

About Florida's Treasure Coast Cities




St. Lucie

Noted for its fishing, St. Lucie is regarded as "Sailfish Capital of the World." December through March are the peak months, then June and July. Annually from October to January there are over a dozen tournaments held. There are several professional guided and deep-sea charter services available besides the marinas.

Stuart

The small town of Stuart features an unbelievable stretch of shoreline, together with a charming historic downtown that is very walker friendly. By far the most visible landmark inside the town is really a silent movie house called Lyric Theatre. The neoclassical style building anchors the centre of the restored downtown. It hosts an eclectic combination of pop and classical performances, which range from Ricci Martin, son of one of several Rat Pack members, to Vero Beach's own Jake Owen, who seems to be a country singer.

The previous courthouse, which can be currently referred to as Court House Cultural Center, houses scheduled art exhibits. Every March it sponsors an event called ArtsFest. The old George W. Parks General Store is already the Stuart Heritage Museum. It memorializes the town's early 20th century architecture and history.

Stuart is actually the city's second name. During the early 1890s, as soon as the town was first settled, it had been referred to as Potsdam. German settlers chose the name. Right after the Florida East Coast Railway arrived in 1895, the area took its new name from Homer Hine Stuart, the local landowner.

Hobe Sound

Hobe Sound is found approximately 10 miles to the south of Stuart. The village features an eclectic mixture of galleries, boutiques and shops. Folks are drawn in from your whole Treasure Coast to go the cultural events hosted there. At the begining of February, there may be Hobe Sound's Festival of Arts. The Art Walk and Stroll occurs in the third Saturday, starting in November and ending in April. Then in early December you have the town's Annual Christmas Parade. The name in the town was inspired through the Jobe Indians (pronounced "HO-bay" by the Spanish setters). The Jobe were a Native American group living in the community prior to European settlement.

Jonathan Dickinson State Park, one of the finest nature preserves in Florida, is located in Hobe Sound. There is an abundance of subtropical and tropical wildlife within this 11,500 acre park offering saltwater and freshwater fishing, picnicking, bicycling, hiking, canoeing and camping. The 40-foot river boat Loxahatchee Queen II conducts two hour excursions on the Loxahatchee River's upper reach, that may just be accessed by boat. It contains a ranger-led tour of Trapper Nelson's ("Wildman from the Loxahatchee) restored camp.

Jensen Beach

Jensen Beach was dubbed the "Pineapple Capital on the planet" until a mixture of fires, blights and deadly freezes destroyed the local industry at the outset of the twentieth century. Jensen Beach is a prototypical Old Florida beach town, with a roundabout and several unpretentious but good restaurants, including 100 Maple Street that serves gourmet from from a well used Florida House, and Conchy Joe's on the water.

This town is located around the Intracoastal Waterway about the land side and boasts many great local restaurants. The Dolphin Bar and Shrimp House is considered the most famous eatery in Jensen Beach. The seafood house carries a stunning look at the river. It was actually referred to as Outrigger Resort for several years while it was belonging to Frances Langford, a movie star from your 1940s and 1950s, who has been best known as the sidekick of Bob Hope.

Langford was very conservation-minded and lived in Jensen Beach in excess of fifty years before she died in 2005. Any local resident will tell you how generous Langford was and definately will direct you to definitely Frances Langford Park located nearby, which features fitness trails, a playground and baseball diamonds. The restaurant features photos from Langford's career in Hollywood, and patrons can view vintage fishing reels of hers while they are waiting around for a table.

To go to the beautiful oceanside of Jensen Beach, go ahead and take causeway towards Hutchinson Island. Sea Turtle Beach can be a favorite of beach lovers. The broad, sandy beach was named after the green and loggerhead turtles who lay their eggs around the beach during late spring. Bathtub Beach is found on the southern part of Hutchinson Island. Families love this beach ever since the coral reef helps to keep the waves down and protects the shore.

The area remembers and leverages its past. By 1920 its pineapple industry had completely collapsed. However, the pineapple remains an integral part of Jensen Beach's identity. The Pineapple Festival occurs each year in November. It provides crowning the latest Miss Pineapple and is still the defining community event for Jensen Beach.

Thursday, November 06, 2014

A Quick Breakdown Of Arts & Culture In Key West


Key West has long been a common holiday place to go for sun, surf and relaxation. Today it is also a point of interest to individuals considering culture along with the arts. In Key West, you can get music, theater, film festivals, art galleries and art installations, museums, points of literary interest and more. On this page, we will provide a brief overview of many attractions in arts and culture available in Key West.

Music of all sorts could be enjoyed with this tropical paradise.

From classical to bluegrass to reggae and all things in between, professional performance and amateur musical opportunities abound. Enjoy formal concerts, jam sessions in public areas spaces and exciting music festivals all year long.

The same is true of dance opportunities. Professional performances of all types along with community dance club presentations and chances to attend dances are amply on offer through the Keys. Chances to learn will also be abundant for people of all ages.

Contact Key West's Contemporary Dance Company for details about performances, dances and learning opportunities.

Despite if you visit Key West, you are certain to find some form of fascinating festival in preparation or in progress. During Old Island Days, take pleasure in the annual Art Festival featuring arts and crafts produced by local artists in each and every medium imaginable. Consult with the artists and find out the history behind each item, in order that you possess a tale to tell once you bring your prized object of art home.

Theater along with the performing arts flourish in Key West. There are many talented local community theater groups, in addition to productions being offered "direct" from Broadway. Enjoy drama, comedies and musicals presented by very talented and accomplished theater veterans. Local talent and professionals from both coasts offer top quality theatrical productions.

If you like film festivals, you won't find any superior to those made available from the Film Society in Key West. Here, you will find the only real independent, non-profit film multi-plex in southern Florida. The Tropic Cinema maintains an exciting schedule of films all year round. Selections include new releases, independent films, classic films, alternative movies and a lot more. To savor the festival, be sure to visit the Keys in November.

If you enjoy visual arts, there are actually the Keys fairly bristling with galleries, museums and public art installations. Take monthly art strolls with the neighborhoods of Key West and Islamadorada to satisfy local artists and snap up some terrific, original bargains. Visit professional galleries on Truman Avenue, White Street, United and Southard Streets and all sorts of points between. An arranged gallery stroll is held once a month. If you'd rather just explore freely without a schedule or agenda, outside art installations can be viewed with great frequency through the entire Keys.

For a peek at the history and culture from the Florida Keys, make sure you pick-up a museum guide. There are many museums in the Florida Keys. Probably the most notable are:

* Audubon House and Tropical Gardens

* Key West's Art and History Museum

* Ernest Hemingway's Home and Museum

While thinking about the culture and history in the keys, additionally, you will have opportunities to explore specifics of several of the greats of American literature, including Hemingway. Other notable authors who enjoyed passing time in the Keys were Tennessee Williams and Robert Frost.

Clearly, in addition to fun and sun, Key West offers many opportunities for cultural enrichment. In fact, the opportunities are so great that it is not really easy to cover them in depth in the brief writing. We hope that this short overview has piqued your interest and that you will set it down motivated to explore the various arts and culture activities and presentations open to you in Key West.

Delray Beach


Delray Beach is located in Palm Beach County, in the Miami-Fort Lauderdale metro area and sits directly on the Atlantic.It has changed from an agricultural community into a vibrant city known for its unique architecture and thriving downtown. The downtown is a unique combination of shops, art galleries and restaurants.
In 93 and in 2001, Delray Beach, was named an All-America City by the National Civic League. It is the only city in Florida to receive this prominent award twice!
As for healthy and education, it draws from nearby Palm Beach and Ft Lauderdale to the south.
Delray has it’s own very unique arts and cultural scene.
For transportation see West palm Beach.
Some statistics:
The estimated population, in 2003, was 63,321.
Median resident age: 43.8 years
Median household income: $43,371 (year 2000)
As of Sept 2005, per an MLS search, the least expensive 2/2 was $179,000.
The cost of living is 110
See comparable Florida statewide CGI’s below:
Monroe 112.43
Dade 106.28
Broward 115.80
Pinellas 103.74
Sarasota 102.90
Palm Beach 102.69
Collier 100.99
Hillsborough 100.86
Seminole 99.48
Manatee 99.22
St. Johns 99.18
Orange 99.04
Brevard 97.92
Lee 97.80
(Population Weighted-State Average=100
National comparisons
Cost of living (100 = nationwide average)
New York, NY 364
Long Beach, NY 340
Palo Alto, CA 268
Menlo Park, CA 265
Los Altos, CA 261
Saratoga, CA 261
Boston, MA 240
Malibu, CA 233
San Francisco, CA 217
Greenwich, CT 215
Cambridge, MA 211
Santa Monica, CA 197
Keystone, CO 194
San Rafael, CA 192
Weston, CT 192
Darien, CT 192
Wellesley, MA 192
Fort Lee, NJ 189
Arlington, VA 184
Honolulu, HI 184
Washington, DC 181
Princeton, NJ 180
Vail, CO 178
Chicago, IL 166
Sunnyvale, CA 164
San Mateo, CA 163
Marathon, FL 161
Ridgewood, NJ 159
Mystic, CT 159
For a complete list go to http://verticals.yahoo.com/cities/categories/costofliving.html
A good site to see local attractions and their distances.
http://www.greghowley.com/wedding/shopping.html
In conclusion a drive through the downtown area quickly convinces you of the areas uniqueness. So, if you like small town feel with great choices plus the nearby big city attractions, this could be your place in paradise.
What if you went on vacation and never went back?
For more specific info about the area see the links at Palm Beach
.©2006. Florida Real Estate Network Inc. All Rights Reserved

Coral Springs


Coral Springs was chartered in 1963 and is well known and thought of as a safe, family friendly community to live. This city has an overall low crime rate, which makes it a great choice to live with your children!
Coral Springs is located about 20 miles northwest of Fort Lauderdale and although the city has a name including spring, there are no springs in the city. The name is derived form the founders, Coral Ridge Properties.
The city is known for it’s strict codes on buildings and houses, landscaping, and out doors signs. This neat little city is idea for prestigious, and elegant living. The downtown area hosts office, retail, and shopping and entertainment facilities.
Available for the public enjoyment are several parks, which include state parks and water parks. Four conservation areas are part of the city. You can take part in all nature has to offer right in the heart of the city!
22 schools, colleges, and universities are available for your child’s education or your own higher education! Over 39% of residents over the age of 25 have completed their Bachelor’s degree or higher, while over 91% have completed their high school.
Coral Springs. What a great choice to live, work, and play.
General Information
  • 23.9 square miles of landmass
  • Time Zone: Eastern
  • Median age range: 34
  • Median household income: $75,339
  • Median house value: $353,600
  • Average property taxes on houses owing a mortgage: $3,640
  • Average rent: $1,237
  • Average travel time to work: 28 minutes
  • Over 33% of residents carried their education to a college degree
  • Over 58% of residents are married
  • Average summer temperature: 92 degrees
  • Average winter temperature: 76 degrees
  • Average yearly precipitation: 57 inches
Employment Industries
  • Construction (10%)
  • Professional, scientific, and technical services (8%)
  • Finance and insurance (7%)
  • Accommodation and food services (6%)
  • Administrative and support and waste management services (5%)
  • Health care (5%)
  • Public administration (4%)
Employment Occupations
  • Other sales and related workers including supervisors (7%)
  • Other management occupations except farmers and farm managers (6%)
  • Sales representatives, services, wholesale and manufacturing (6%)
  • Top executives (5%)
  • Computer specialists (4%)
  • Electrical equipment mechanics and other installation, maintenance, and repair occupations including supervisors (4%)
  • Retail sales workers except cashiers (4%)

Boca Raton

Boca Raton is Palm Beach County's southernmost city. It is located 17 miles north of Ft Lauderdale, 215 miles south of Daytona Beach, 192 miles south of Orlando and 42 miles north of Miami, on the Atlantic.
The City is growing rapidly. Its open-air shopping and dining districts, combined with a strong arts scene plus sports activities ranging from boating to tennis have helped establish it as a stylish area.
In addition to those amenities, it enjoys a strong business community. In fact in 2004 it was voted the number 4 best place in the country for working, per the Job search site at
http://jobsearch.about.com/od/jobsbystate/a/bestcities.htm
Some statistics
5 miles of coastline
Population is approximately 75,000 within city limits
Approximately 125,000 in the unincorporated area
Total Area: 27.14 square miles within the city limits. Slightly over five miles at widest point.
Average Annual Temperature: 74.7 degrees; low: 66.6 degrees, high: 82.9 degrees
Average Annual Rainfall: 60.75 inches
Average Household income: $62,594
Median Household Income: $62,800
Median Age: 42.9
3 colleges in Boca Raton
2 major hospitals
31 parks
36 Golf courses
It has a Museum of Art and it’s own orchestra (Boca Pops)
As of Sept 2005, per an MLS search the least expensive 2/2 was $310,000
A good site to get more information is the Boca City site at http://www.ci.boca-raton.fl.us/
The cost of living here is approximately that of Palm Beach-ranging towards 110
However on comparison with other parts of the country it is still a deal.
http://www.eflorida.com
See comparable Florida statewide CGI’s below:
Monroe 112.43
Dade 106.28
Broward 15.80
Pinellas 103.74
Sarasota 102.90
Palm Beach 102.69
Collier 100.99
Hillsborough 100.86
Seminole 99.48
Manatee 99.22
St. Johns 99.18
Orange 99.04
Brevard 97.92
Lee 97.80
(Population Weighted-State Average=100
See national comparisons
Cost of living (100 = nationwide average)
New York, NY 364
Long Beach, NY 340
Palo Alto, CA 268
Menlo Park, CA 265
Los Altos, CA 261
Saratoga, CA 261
Boston, MA 240
Malibu, CA 233
San Francisco, CA 217
Greenwich, CT 215
Cambridge, MA 211
Santa Monica, CA 197
Keystone, CO 194
San Rafael, CA 192
Weston, CT 192
Darien, CT 192
Wellesley, MA 192
Fort Lee, NJ 189
Arlington, VA 184
Honolulu, HI 184
Washington, DC 181
Princeton, NJ 180
Vail, CO 178
Chicago, IL 166
Sunnyvale, CA 164
San Mateo, CA 163
Marathon, FL 161
Ridgewood, NJ 159
Mystic, CT 159
Key West, FL 149
For a complete list go to http://verticals.yahoo.com/cities/categories/costofliving.html
Transportation-The same roads 195 and the Florida turnpike connect Boca north and south.
Airports
Palm Beach International Airport, the primary commercial passenger serve airport in the northern portion of South Florida's metropolitan area, is just 25 miles north of Boca Raton and serves more than 5.8 million passengers.
Fort Lauderdale/Hollywood International Airport, Just 20 miles south.
Miami International, 47 miles south of Boca Raton,
Trains
AMTRAK
561/USA-RAIL, 800-872-7245
Metrorail
305/770-3131
Tri-Rail
800/TRI-RAIL
In conclusion, this area tends to be expensive. But in return it has all the amenities of a suburban life style yet you’re close to Miami and Ft Lauderdale and all they have to offer.

Wednesday, September 10, 2014

The Value of Owning a Residence Opposed to Renting

The Value of Owning a Residence Opposed to Renting A disagreement about leasing versus acquiring reemerges every time the property market swings up or down. There are several reasons given for the pros and disadvantages of each but similar to the stock market, over time one is much more profitable compared to the other. While it's wonderful to have another person foot the bill for repair services and maintenance, it consistently means needing to provide in order to obtain. As with many things in life, it comes down to monetary considerations regarding which is the very best approach.

Equity

Maybe the greatest debate which could be made for possessing over renting is building equity. Sure, there will certainly be down markets, but realty has actually traditionally been the safest investment offered. Home values rise throughout time. Very few places in fact decline completely. Equity allows property owners to make enhancements and prosper with a deposit when marketing.

Payments are Locked In

Lease increases every year. While it might still be a bargain compared with relatively similar homes, it indicates paying more without obtaining anywhere. Owning a home suggests securing a repayment for the entire term of the loan. That can be a 15 year, 20 year, 25 year or 30 year surety. Certainly, this dovetails with building equity. It also suggests as you make a lot more, you can pay additional to amortize the home loan note quicker.

Payments Come to an End

Unlike rental fee, owning a home means the repayments at some point visit an end. With having a residence, this assists substantially with regular monthly budgeting once the home loan repayments more than. Even more money becomes available after the mortgage has been settled. That money can now visit residence enhancement jobs which up the home's worth, making resale much more rewarding.

Alterations Make Aesthetic and Monetary Sense

When you lease, you are relegated to the usual usual. While you might to make a few modifications, it's unlike the property manager will certainly permit you to substantially change the area your renting. But having a residence means being able to make large modifications. This boosts both the house's appearances in addition to its property worth. It additionally means having the ability to make your house a residence and not just an area where you save your possessions for a year or more. Lastly, there is the possession pride aspect. While it does not lug any sort of financial value, it does impart a feeling of responsibility and accomplishment.

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Saturday, August 30, 2014

Simple Ways To Invest In Real Estate


Simple Ways To Invest In Real Estate

The real estate market has plenty of opportunities for making big gains, buying and owning real estate is a lot more complicated than investing in stocks and bonds. In this article, we'll go beyond buying a home and introduce you to real estate as an investment.

Tutorial: Exploring Real Estate Investments

Basic Rental Properties
This is an investment as old as the practice of landownership. A person will buy a property and rent it out to a tenant. According to the U.S. Census Bureau, real estate has consistently increased in value from 1940 to 2006, then proceeded to dip and rebound from 2008 to 2010.

There are, of course, blemishes on the face of what seems like an ideal investment. There is also the matter of finding the right property; you will want to pick an area where vacancy rates are low and choose a place that people will want to rent.

Perhaps the biggest difference between a rental property and other investments is the amount time and work you have to devote to maintaining your investment. When you buy a stock, it simply sits in your brokerage account and, hopefully, increases in value. If you invest in a rental property, there are many responsibilities that come along with being a landlord. When the furnace stops working in the middle of the night, it's you who gets the phone call. If you don't mind handyman work, this may not bother you; otherwise, a professional property manager would be glad to take the problem off your hands, for a price, of course. (For further reading, see Tips For The Prospective Landlord.).

Real Estate Investment Groups.
Real estate investment groups are sort of like small mutual funds for rental properties. If you want to own a rental property, but don't want the hassle of being a landlord, a real estate investment group may be the solution for you.

There are several versions of investment groups, but in the standard version, the lease is in the investor's name and all of the units pool a portion of the rent to guard against occasional vacancies, meaning that you will receive enough to pay the mortgage even if your unit is empty. In theory, it is a safe way to get into real estate investment, but groups are vulnerable to the same fees that haunt the mutual fund industry.

Real Estate Trading.
Like the day traders who are leagues away from a buy-and-hold investor, the real estate traders are an entirely different breed from the buy-and-rent landlords. Real estate traders buy properties with the intention of holding them for a short period of time, often no more than three to four months, whereupon they hope to sell them for a profit.

Pure property flippers will not put any money into a house for improvements; the investment has to have the intrinsic value to turn a profit without alteration or they won't consider it. Flipping in this manner is a short-term cash investment. If a property flipper gets caught in a situation where he or she can't unload a property, it can be devastating, because these investors generally don't keep enough ready cash to pay the mortgage on a property for the long term. This can lead to continued losses for a real estate trader who is unable to offload the property in a bad market.

A second class of property flipper also exists. These investors make their money by buying reasonably priced properties and adding value by renovating them. This can be a longer-term investment depending on the extent of the improvements. The limiting feature of this investment is that it is time intensive and often only allows investors to take on one property at a time.

REITs.
Real estate has been around since our cave-dwelling ancestors started chasing strangers out of their space, so it's not surprising that Wall Street has found a way to turn real estate into a publicly-traded instrument. A real estate investment trust (REIT) is created when a corporation (or trust) uses investors' money to purchase and operate income properties.

Much like regular dividend-paying stocks, REITs are a solid investment for stock market investors that want regular income. In comparison to the aforementioned types of real estate investment, REITs allow investors into non-residential investments such as malls, or office buildings, and are highly liquid, In other words, you won't need a realtor to help you cash out your investment. (For further reading, check out How To Analyze Real Estate Investment Trusts, How To Asses A Real Estate Investment Trust and The REIT Way.).

Leverage.
With the exception of REITs, investing in real estate gives an investor one tool that is not available to stock market investors: leverage. Even if you are buying on margin, the amount you can borrow is still much less than with real estate. This means that you can control the whole property and the equity it holds, by only paying a fraction of the total value.

This is what emboldens real estate flippers and landlords alike. They can take out a second mortgage on their homes and put down payments on two or three other properties.

The Bottom Line.
We have looked at several types of real estate investment, however, as you might have guessed, we have only scratched the surface. As with any investment, there is much potential with real estate, but this does not mean that it is an assured gain.

Wednesday, August 13, 2014

Tips For Selling Your Property In Less Time


Tips For Selling Your Property In Less Time

In the United States property prices have dropped in most locations for the past several years. Nevertheless, that trend is now starting to reverse itself and demand from customers is very substantial, specifically in parts of California, South Florida, and the Boston area. When the market was decreasing, the easiest way to sell a property ended up being to lower the price. Today, the actual scenario is starting to look far better for sellers. However, you may still find some things you can do to sell your house more quickly. Thankfully, the task of selling your house in the United States is starting to become much more advantageous for sellers. We will offer you some advice in attracting purchasers and receiving a favorable price for your property.
To make your home more appealing in comparison to neighboring homes, consider customizing it a little with additions like a new roof, new windows, and supplemental landscaping. This will boost the curb appeal of your house, and it can also increase its selling price. Additionally, you need to add some extra items that will enhance the existing features of your home, for example building an attractive deck around a pool.

Every person selling a house has a desire to sell it rapidly, and some additions as well as repairs can bring you closer to that objective. Nevertheless, you must engage in home repairs and renovations properly. Some enhancements will not pay off. For example, on average a homeowner will only recover about 57% of the price of remodeling a bathroom, according to Realtors Magazine. When sprucing up your home for a sale, invest in enhancements that are likely to give you the greatest return. Things like painting and landscaping aren't that costly and will significantly improve the aesthetics of your home. For those who have customized your house with features that may be attractive to some buyers, be sure that you make reference to these features whenever you list your house.

Ensure that you remove all debris and clutter from both the inside and exterior of your home. Purchasers want to visualize themselves in your home, and a neat and clean appearance may enable them to achieve this. It may be smart to remove some furniture that is in cramped areas and temporarily remove personal pictures and items. Removing some furniture could make rooms appear more roomy.
You are able to attract more buyers to your home by offering terms which make purchasing it easier. For instance, you may want to offer buyers $2,500 towards the closing cost, or even offer to help fund their escrow account. Another attractive selling tip is to offer buyers a home warranty. A policy that lasts for twelve months will cost about $450 and cover appliances like fridges, washing machines, hot water heaters, and air conditioning units. This may make a buyer feel more comfortable knowing that they'll be covered should any appliance malfunction. The object is to help to make buyers feel like they are obtaining a good deal.

It is very important that your house is aesthetically pleasing. Nevertheless, it is equally important that everything functions well and is in compliance with your local codes. You want to give the impression to purchasers that they can move in right away and start to enjoy their residence, instead of taking a lot of time, effort, and expense fixing it.
All of the other factors we have discussed are important, but the cost must be right. Itís wise to have a real estate evaluator, appraise what your home is worth in the market conditions that prevail in your area, and price your home in accordance with them.

It's not crucial that you have the lowest priced house in your area, especially when you have made lots of improvements to it, but it has to be commensurate with recent sales on comparable homes in your neighborhood.