Northeast Florida Real Estate and Community News

Feb. 14, 2018

Have You Filed for Homestead Exemption?

Homestead Exemption

 

What is homestead exemption?

A homestead exemption is a property tax discount often given to someone who owns a property and who lives in it as their primary residence. The Exemption can provide a substantial savings on your property taxes. 

 

Homeowners must file an initial application, and as long as the property remains their primary residence, the exemption will automatically renew each year. A renewal notice will be mailed to you each year in January. It is the responsibility of the owner to notify the Property Appraiser of any change in their exempt status.

 

To qualify you must be (as of January 1st)

~A legal Resident of the United States

~Hold Legal or Beneficial title to the property on which you are applying

~Making the property your permanent legal residence

 

When should you file?

~From the time you receive your deed to March 1st 2018 is the regular filing time for the current tax year 2017

 

How to file?

~In person, online or by mail

 

For further information :

Duval county:  http://www.coj.net/departments/property-appraiser/exemptions.aspx    

St Johns County:  https://hx.sjcpa.us/ApplyOnline/WebForm1.aspx 

Clay County:  http://www.ccpao.com/exemptions.html

Posted in Real Estate News
Feb. 6, 2018

5 Things You Should Love About Your Home Before You Commit

You swoon at the curb appeal and your heart flutters at the sight of the kitchen countertops, but is the home you're considering buying really The One? Before you make an offer, be sure you love these five, hard-to-change things about your potential new place.

 

1. Square footage

 

Too small and you may quickly outgrow your new space. Too big can mean unnecessary energy bills and money spent furnishing space you never use. Aim for "just right."

 

2. Drive time

 

Be sure your daily commute won't leave you sitting in traffic, rethinking your relationship with your house. Consider driving to work from your potential home a couple times during rush hour to make sure you know what you're getting into.

 

3. Walkability

 

Being able to stroll to shops, restaurants, parks and public transportation can really boost your quality of life. If it's important to you, check out your potential home's official walkability score at www.walkscore.com.

 

4. Community

 

Does the neighborhood include features that you feel are critical to your particular lifestyle, like yoga studios, late night takeout options or a safe playground for your kids (or pups)?

 

5. Planes, trains and automobiles

 

If you travel frequently, be sure you love how close your potential new home is to the airport, main highways or public transportation. Not a fan of planes flying overhead – or late night trains? Keep that in mind when scoping out areas as well.

 

If you're crazy about these five aspects of the house, it might really be true love. Make an offer and with luck, you could live happily ever after. Working with an experienced agent can help. Find one here.

 

Call us to schedule your private showings!

Cindy Gavin Team

904-465-3397

Posted in Buying a Home
Jan. 31, 2018

January 2018 Housing Report: 4 Things to Know

 

 

December capped off 2017 with record-breaking home prices, speedy sales and low inventory. One thing is for sure is that the real estate market is on fire, and there's no indication the flames will be dying down anytime soon. Here are key points from January's report:

 

1. Homes are selling fast

In December, homes spent an average of 57 days on the market. That's the shortest time of any December in the report's history.

2. Prices are rising

The median sales price of a home sold in December was $232,500. That's nearly 3 percent higher than the median sales price in December 2016.

3. Inventory continues to shrink

Making sales harder was a low supply of inventory at 3.7 percent — which is the lowest December figure in the nine-year history of the report. That corresponds with a 14.6 percent decline in inventory, lengthening a streak of monthly declines that began in November 2008.

4. Slightly fewer transactions occurred

The overall average number of home sales fell 3.3 percent compared to December 2016, with 39 markets reporting fewer transactions. The end of year is typically a slower selling season, but buyers should still work with their agents to navigate the competitive market. Dig into the details of the January 2017 RE/MAX National Housing Report in the infographic below.

 

 

 

 

Posted in Real Estate News