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Sun Blog: Real Estate News & Information

Real Estate News & Information

Southwest Florida Real Estate Market

The Southwest Florida real estate market looks promising in the last quarter of 2018. The housing forecast shows that home prices have risen 9.6% over the last year, and the demand is still strong. Sales of single-family homes located in the area rose 0.8% in the second quarter of this year compared to last year. Homes priced under $300,000 tend to sell best. Perhaps it is … [Read more...] about Southwest Florida Real Estate Market

FHA Requirements for a Seller

While FHA has relaxed some of the repair requirements for FHA loan approval, there are still many that a seller should consider. If a seller is intent on selling a home "as-is", the seller should be aware of the items FHA will enforce. However, if a seller is still amenable to an FHA mortgage, they should be sure to place a specific dollar cap on repairs that the FHA … [Read more...] about FHA Requirements for a Seller

Buy a home in Southwest Florida

Is 2018 the year to buy a home in Southwest Florida? Analyzing the right time to buy a home in Southwest Florida, otherwise known as "Market Timing", is difficult to calculate. Personal and societal economics are in constant change. Nevertheless, we all need someplace to live and a home is one of our biggest investments. Even if you are considering a second home, it is a … [Read more...] about Buy a home in Southwest Florida

FIRPTA Foreign Investment in Real Property Tax Act

FIRPTA Foreign Investment in Real Property Tax Act The United States Federal Tax Law requires that a foreign citizen who sells real estate owned in this country pay taxes on the profit of such sale. To insure that the tax is paid, 15% of the proceeds at closing are withheld and transferred to the United States Treasury. The 15% withholding is mandatory if the seller is a … [Read more...] about FIRPTA Foreign Investment in Real Property Tax Act

Home Prices in SW Florida

Home Prices Rise Slowly A recent study by Standard & Poor’s and its research partners have determined that home prices across the nation are rising at a moderate rate. This is good news as real estate markets show recovery but have not returned to panic speculation. This, coupled with strong consumer confidence suggests a good time to buy a home. According to economic … [Read more...] about Home Prices in SW Florida

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Main Office: 21202 Olean Blvd Unit C-3, Port Charlotte, FL 33952
Mailing Address: PO Box 380503, Port Charlotte, FL 33938
Phone: 941-235-7474
Email: sales@suncoasteam.com