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January 2023

Found 3 blog entries for January 2023.

 

Selling your Condo during a declining market can be tricky & sometimes a little discouraging.

If you are in a position where you want to sell, I’m here to help ensure you still have a successful sale, as quickly as possible and for the highest price. As an experienced real estate professional, I know a thing or two about how to sell in a declining market. Here are some of my rules for success when selling in a declining market:

Be realistic about the list price. Sellers can get stuck on the idea of getting a price they remember before the market began its decline. You want to get the best price you can, which is not likely to be the price you would’ve gotten when the market was hot. In a falling market, selling your home quickly is important

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After your initial application for Homestead Exemption has been approved, it automatically renews each year unless there is a change of ownership or eligible use of your homesteaded property. Each January, our office mails a Homestead Renewal Notice and “Change Card” to all Homesteaded properties. Florida law requires the property owner to notify the Property Appraiser of any change which may affect homestead eligibility. This Change Order Card provides an efficient way to communicate these important changes to our office.

If there are NO changes to the use and/or ownership of your property, simply keep the card as your receipt verifying that your Homestead Exemption has automatically renewed for another year. However, if there are changes, please mark the

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Interest Rates in Florida are in the 6% range.

If you look at the average interest rates for the past 50 years, a 6% rate doesn't seem so bad.

Just look at the chart below.

Annual Averages

Monthly Averages

1972

7.38%

1985

12.43%

1998

6.94%

2011

4.45%

2021

December

3.10%

1973

8.04%

1986

10.19%

1999

7.44%

2012

3.66%

2022

January

3.45%

1974

9.19%

1987

10.21%

2000

8.05%

2013

3.98%

 

February

3.76%

1975

9.05%

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