- in Home Buying , Home Selling by Minna Reid
Documentary stamp taxes in real estate sales in Florida
Buying and selling property in Florida is a taxable event. When property is sold in Florida documentary stamp taxes become due. All parties to the document are liable for the tax regardless of which party agrees to pay the tax. If a party is exempt, the tax must be paid by a non-exempt party. Florida documentary stamps […]
Continue readingJacksonville Home Prices: Intracoastal West VS The Beaches
The Intracoastal Waterway separates the city of Jacksonville from the Jacksonville Beaches. The area west of the the Intracoastal and The Beaches are two desirable areas close to the water that present distinct housing opportunities.As expected, living closer to the ocean will cost more…but just how much more? And what are the statistical differences in […]
Continue reading- in Short Sales by Minna Reid
Should I make mortgage payments during my Florida short sale?
The #1 most common question I hear from sellers considering a short sale is whether they should (or have to) make mortgage payments during their short sale. There is generally not a requirement by the lender for a seller to be current or behind to pursue a short sale (a few exceptions apply).When deciding whether or […]
Continue reading- in FL Market Reports , Neptune Beach by Minna Reid
Neptune Beach, Florida home sales prices headed towards decade high in 2019!
Neptune Beach, Florida Real Estate Market Report 2019Neptune Beach home sales prices are on the rise! Prices are up 3% so far in 2019 through the same period last year, with the years average sales price currently at $524,179. While the rate of growth has slowed some since the prior year, the sellers market is […]
Continue reading- in Uncategorized by Minna Reid
How much will it cost to sell my Jacksonville, Florida home?
Wondering what costs you’ll face as a home seller in Northeast Florida?You won’t walk away from closing with a check for the full purchase price! Read this quick guide to help you understand all your closing costs, and most importantly what you get to keep!Seller’s closing costs in a northeast Florida home sale:There are several […]
Continue readingDespite increasing inventory, Jacksonville Beach, FL home sale prices hit 5 year high in 2019!
Jacksonville Beach Florida Real Estate Market Report 2019:First quarter of 2019 has shown many markets starting to soften a little, and even Jacksonville Beach is experiencing increasing inventory as more homeowners opt to sell. However, despite this slight slowing of the market, Jacksonville Beach average home sale prices are still rising! Prices rose to a […]
Continue readingPonte Vedra Beach, FL Market Report: Home sales soften in 2019!
Ponte Vedra Beach 1st Quarter Real Estate Market Report:After rising sharply for the last two years, 2019 home sale prices in Ponte Vedra Beach, Florida dropped a tad in 1st quarter of 2019 to an average of $677,803:As both new listings and sales of existing listings rose over the past couple years, the number of […]
Continue reading- in Foreclosure , Short Sales by Minna Reid
TOP 5 BENEFITS OF A FLORIDA SHORT SALE!
What do you have to gain by short selling? The top 5 benefits of a short sale over a foreclosure: Avoid the stress of falling behind and losing your home to foreclosure.A foreclosure can be mentally and emotionally draining and publicly humiliating. A short sale will help you stop FL foreclosure, and move on with your […]
Continue reading- in FL Market Reports by Minna Reid
As prices keep climbing, Jacksonville area distress sales drop to record lows!
As the market continues to heat up, Jacksonville, FL area new listing prices and sales prices rise again in 2019:As expected, a hot market leads to less short sales and foreclosures as homeowners are able to sell their homes for profit. As 2019 begins, short sales are currently less than 1% of the market, and REO […]
Continue reading- in Short Sales by Minna Reid
Will you qualify for a short sale?
A financial hardship will be required to get your Jacksonville short sale approved. The most common hardships that are easily approved and widely accepted by lenders:UnemploymentEmployment or military relocationDivorce Death of a co-borrower/household wage earnerFacing foreclosureIncrease in expensesDecrease in incomeNatural disaster impacting property or employmentMedical issuesHowever there are many other reasons to short sell that […]
Continue reading