February 2024

Local Jacksonville Beach Market Update In our local Jacksonville Beach market, we are watching new listings pour onto the market.  According to the market statistics provided by NEFAR, new listings have increased by 28%.  This influx of new listings has also increased our absorption rate to a 4.7 months’ supply.  An absorption rate communicates the length of time it […]

Florida Homestead Tax Exemption Now is the time to take advantage of Florida’s Homestead Tax Exemption.  The filling deadline is March 1st. If you are a Florida resident who has owned and occupied your residence since January 1st you are eligible for Homestead Exemption.   There are 3 important reasons to file for homestead exemption. Taxes The ad valorem tax reduction can

Real Estate Investing with the BRRRR Strategy. People often ask me for my real estate investment strategy.  So, here it is, I follow the BRRRR strategy for real estate investing.  That is, Buy, Rehab, Rent, Refinance and Repeat. Buy. Buy with the 1% rule.  When purchasing a new investment property, seek to get back 1% of the purchase

Keller Williams Settles in Commission Suits Sitzer/ Burnett Verdict Real estate history was made in a Kansas City courtroom in October of 2023 with the Sitzer/ Burnett verdict.  The winning argument was in favor of the home seller plaintiffs in the accusation of conspiracy on the part of National Association of Realtors and other large real

Saving for a down payment is a critical part of purchasing a home.  Although perspectives vary, many professionals advise to put 20% down on your home.  An article based on NAR data states: “because of the more expensive housing market, 40% of first-time homebuyers are making a down payment of 5% or less”.  No matter your home budget or down payment