August 2024 Real Estate MARKET UPDATE BY: D. MICHAEL BURKE & HUNTER D. HABIB As we navigate through the second half of 2024, the real estate market in Southwest Florida presents a dynamic landscape shaped by shifting inventory levels, price adjustments, and evolving buyer and seller behaviors. In this update, we will tell you […]
Agent Representation – A Buyer’s Perspective
Real estate professionals offer expertise in the local market, guiding buyers toward suitable properties and negotiating favorable terms. They provide comprehensive support throughout the home buying process, managing logistics and serving as trusted advisors. Additionally, agents have access to a network of allied professionals, streamlining the transaction and ensuring smooth coordination. They also advocate for […]
The dilemma is clear: wait for conditions to improve, or act now?
Are you one of the many would-be homebuyers holding off on purchasing a home, hoping for a favorable shift in the market? With insurance, property taxes, and maintenance costs on the rise, it’s understandable why some are hesitant to take the plunge. However, the reality is that these factors affecting affordability are compounded by the […]
The case for working with a friend and agent
The familiarity and trust established in a friendship may be the ideal foundation for a successful business relationship. Having a loyal ally from their social circle adds a new level of insight and service to such an important financial decision in their lives. When considering the choice of engaging a friend who also happens to […]
July 2024 – SWFL Real Estate Market Update
July 2024 Real Estate MARKET UPDATE BY: D. MICHAEL BURKE & HUNTER D. HABIB As of July 2024, the real estate market in Southwest Florida is experiencing notable shifts. With 16,367 active listings currently available, a slight decrease from the 17,022 listings recorded on June 4, 2024, the market is exhibiting a trend towards […]
How to change a second home to a primary home & why
The tax benefits of owning both a first and second home can be significant, with the IRS allowing taxpayers to deduct interest and property taxes on both properties as itemized deductions on their tax returns, albeit with certain limitations. Interest deductions are limited to the amount of debt incurred to buy, build, or improve the […]
Homeowner Strategies to Minimize Gain & Maximize Proceeds
The gain on the sale of your home is determined by the price you sell the home, less selling expenses, less the price you paid for it, plus the capital improvements made during the time you owned the property. IRS and accounting use the term “basis” to describe your cost in the home. It is […]
Living the Dream: The Value of Homeownership
Owning a home has long been considered a fundamental part of the American dream. It represents far more than just having a place to live�it embodies values, aspirations, and a sense of security. Here’s why homeownership is widely regarded as a key component of the American dream: Stability and Roots: Owning a home provides a […]
How to get a lower rate and a lower price
Are you in the market for a new home and wondering which mortgage option is right for you? While the world of home financing offers a surplus of choices, one option often overlooked is the Adjustable Rate Mortgage, or ARM. If you’re in a market where interest rates are trending lower, an ARM could be […]
June 2024 – SWFL Real Estate Market Update
June 2024 Real Estate MARKET UPDATE BY: D. MICHAEL BURKE & HUNTER D. HABIB As of June 2024, the real estate market in Southwest Florida is exhibiting several notable trends that are of interest to both buyers and sellers. Here’s a detailed look at the current market conditions in this beautiful region, encompassing key metrics […]