MAKE A BRILLIANT MOVE REALTY

Sunday, December 29, 2013

Orlando Housing Market Report - November 2013



Presented by Dawn Deegan, Broker-Associate REALTOR® with Charles Rutenberg Realty. Dawn holds the designations of Accredited Buyer Representative (ABR), Short Sale Foreclosure Resource (SFR), and GRI (Graduate Realtor® Institute). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@cfl.rr.com. Visit her at www.MakeABrilliantMove.com

Monday, November 25, 2013

The Orlando Housing Market Report for October 2013




Presented by Dawn Deegan, Broker-Associate REALTOR® with Charles Rutenberg Realty. Dawn holds the designations of Accredited Buyer Representative (ABR), GRI (Graduate Realtor® Institute), and Short Sale Foreclosure Resource (SFR). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller.
Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@gmail.com. Visit her at www.MakeABrilliantMove.com

Wednesday, November 20, 2013

Orlando's projected economic growth ranks the city at No. 9.

Orlando No. 9 for expected economic growth in 2014

Orlando's projected economic growth ranks the city at No. 9.                                    
 
Staff Orlando Business Journal

The Orlando area’s economy is expected to grow by 5.3 percent in 2014, ranking the City Beautiful at No. 9 among the top 100 metros for gross metro product, according to a new study by the U.S. Conference of Mayors.
Orlando topped all other Florida metros on the rankings. Jacksonville ranked No. 30, while Tampa came in at No. 28 and Miami No. 42.
Orlando’s gross metro product was about $109.8 billion in 2013 and should rise to $115.6 billion next year, according to the report.
Austin, Texas, had the No. 1 growth rate of 5.9 percent.

Presented by Dawn Deegan, Broker-Associate REALTOR® with Charles Rutenberg Realty. Dawn holds the designations of Accredited Buyer Representative (ABR), GRI (Graduate Realtor® Institute), and Short Sale Foreclosure Resource (SFR). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller.
Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@gmail.com. Visit her at www.MakeABrilliantMove.com  

Friday, October 11, 2013

How Buyers can rev up Their Purchase Power

 

If you're a Buyer who requires a mortgage to purchase, please click below to read this current article that can help you to build a strong foundation for your successful purchase. 
http://www.makeabrilliantmove.com/uploads/how_buyers_can_rev_up_their_purchase_power_10-11-13.pdf

Posts are written by Dawn Deegan, Broker-Associate REALTOR® with Charles Rutenberg Realty. Dawn holds the designations of Accredited Buyer Representative (ABR), Short Sale Foreclosure Resource (SFR), and GRI (Graduate Realtor® Institute). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, Lake Nona and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller of Real Estate. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@gmail.com
Visit her at www.MakeABrilliantMove.com  

Thursday, October 3, 2013

'Tis the Season. For Vampires and Zombies, that is.

 Florida has a lot of Bank-Owned homes, but they aren't necessarily on the market.  Orlando ranks #3 in both Vampire and Zombie categories. You can read the full article by clicking below. 

http://www.makeabrilliantmove.com/uploads/lots_of_bank_owned_properties_-_but_they_aren_t_for_sale_10-3-13.pdf

Posts are written by Dawn Deegan, Broker-Associate REALTOR® with Charles Rutenberg Realty. Dawn holds the designations of Accredited Buyer Representative (ABR), Short Sale Foreclosure Resource (SFR), and GRI (Graduate Realtor® Institute). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@cfl.rr.com. Visit her at www.MakeABrilliantMove.com

Wednesday, September 25, 2013

TOP-TEN REJECTING MORTGAGE LENDERS

 
Sept. 25, 2013, 12:35 p.m. EDT


A home loan refused by one bank might be approved by another

By AnnaMaria Andriotis

 
 
Number of 2012 home buyers rejected by the top 10 mortgage lenders


Presented by Dawn Deegan, Broker-Associate REALTOR® with Charles Rutenberg Realty. Dawn holds the designations of Accredited Buyer Representative (ABR), Short Sale Foreclosure Resource (SFR), and GRI (Graduate Realtor® Institute). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@cfl.rr.com. Visit her at www.MakeABrilliantMove.com

Saturday, September 21, 2013

Orlando is Nation’s Fifth ‘Booming’ Housing Market

View the Top-Ten by clicking the link below:
http://bizj.us/t9v93/i/1

Presented by Dawn Deegan, Broker-Associate REALTOR® with Charles Rutenberg Realty. Dawn holds the designations of Accredited Buyer Representative (ABR), Short Sale Foreclosure Resource (SFR), and GRI (Graduate Realtor® Institute). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@cfl.rr.com. Visit her at www.MakeABrilliantMove.com

Tuesday, September 10, 2013

ORLANDO HOUSING MARKET REPORT July 2013



Please watch this short clip to grasp the general Greater Orlando housing climate.  Call or email me with your questions or comments. 
dawndeegan@gmail.com

All posts are written by Dawn Deegan, Broker-Associate REALTOR® with Charles Rutenberg Realty. She holds the designations of Accredited Buyer Representative (ABR), Short Sale Foreclosure Resource (SFR), and she is a Graduate of the Realtor® Institute (GRI). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@cfl.rr.com. Visit her at www.MakeABrilliantMove.com

Friday, September 6, 2013

You have got to love Cesar Millan



All posts are written by Dawn Deegan, Broker-Associate REALTOR® with Charles Rutenberg Realty. She holds the designations of Accredited Buyer Representative (ABR), Short Sale Foreclosure Resource (SFR), and she is a Graduate of the Realtor® Institute (GRI). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@cfl.rr.com. Visit her at www.MakeABrilliantMove.com

Thursday, September 5, 2013

Don't Text and Drive

“From One Second To The Next,"  Directed by Werner Herzog. Documentary about texting and driving, commissioned by cell phone carrier AT&T.   
http://www.youtube.com/watch?v=_BqFkRwdFZ0


All posts are written by Dawn Deegan, Broker-Associate REALTOR® with Charles Rutenberg Realty. She holds the designations of Accredited Buyer Representative (ABR®), Short Sale Foreclosure Resource (SFR), and she is a Graduate of the Realtor® Institute (GRI). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@cfl.rr.com. Visit her at www.MakeABrilliantMove.com

Tuesday, August 13, 2013

25 Wealthiest Zip Codes in Greater Orlando area

Curious as to which are the most affluent zip-codes in the Greater Orlando area?  Click the link below the map and view the top 25! 



http://www.bizjournals.com/orlando/blog/2013/08/where-tiger-woods-and-shaquille-oneal.html?s=image_gallery

All posts are written by Dawn Deegan, Broker-Associate REALTOR®. Dawn holds the designations of Accredited Buyer Representative (ABR®), Short Sale Foreclosure Resource (SFR), and she is a Graduate of the Realtor® Institute (GRI). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Winter Park, Baldwin Park, Orlando, Davenport, and Kissimmee. Her emphasis is on superior delivery of sophisticated market data, and quality and value to you, the Buyer or Seller. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@cfl.rr.com. Visit her at www.MakeABrilliantMove.com

Thursday, July 4, 2013

HAPPY INDEPENDENCE DAY!

I love the United States of America! 

Help a wounded Vet achieve independence in their own home.  Please visit and donate:  www.ourbravest.org
Have a safe and happy and grateful

FOURTH OF JULY!!!!


All posts are written by Dawn Deegan, Broker-Associate REALTOR® with Charles Rutenberg Realty. She holds the designations of Accredited Buyer Representative (ABR®), Short Sale Foreclosure Resource (SFR), and she is a Graduate of the Realtor® Institute (GRI). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@cfl.rr.com. Visit her at www.MakeABrilliantMove.com

Saturday, May 4, 2013

Trader Joe's confirms it's coming to Winter Park


To follow up with the Trader Joe's obsession (mine!), here is the recent Orlando Sentinel article, which confirms the Winter Park location! 
Trader Joe's set for Winter Park






Plans are underway for Trader Joe's, a health-food market with an avid fan base, to locate in a new retail development being built on U.S. Highway 17-92 in Winter Park.

 
By Mary Shanklin, Orlando Sentinel
7:43 p.m. EDT, May 3, 2013
 
Trader Joe's, the specialty grocery-store chain with a cult-like fan base, has signed a lease to locate in a retail center being built on U.S. Highway 17-92 near Winter Park Village.

The California-based company has leased 12,500 square feet in Lakeside at Winter Park, a 4-acre retail project being developed by Unicorp National Developments of Orlando. Construction will start in July on the center, which will be on the eastern shore of Lake Killarney, opposite Morse Boulevard.


The Winter Park store, set to open next year, will feature beer and wine. Florida has three Trader Joe's so far — in Naples, Sarasota and Gainesville — and a fourth in the works near Miami.


"We don't disclose what goes into the site-selection, decision-making process," spokeswoman Alison Mochizuki said of the Winter Park location. "But I can tell you we love the neighborhood, and it's filled with lots of foodies."

Trader Joe's considers itself a neighborhood grocery, with shelves that are 80 percent stocked with store-brand goods that have no artificial colors or preservatives, she said. Launched as a convenience store in 1958, Trader Joe's is known for keeping costs low by purchasing directly from suppliers.

Trader Joe's Winter Park site has not been considered a jewel within the redevelopment world, Unicorp President Chuck Whittall said. He said some people have second-guessed his decision to pay $8.5 million for the lakeside acreage; the purchase is slated to close next month.

"Everyone thought I was paying too much for it, and I saw just a wonderful opportunity to utilize the lake. It's working out exactly as I'd hoped," Whittall said. "It's going to change the landscape of Winter Park."

Other tenants scheduled to locate there include Marilyn Monroe Spa, OrangeTheory Fitness and an Orlando paddleboard company.

When the Orlando Sentinel broke the news online Friday that the long-awaited store had signed a deal with Unicorp, fans reacted quickly.

Many of them raved about the Trader Joe's merlot named for company founder Charles Shaw — and nicknamed "Three Buck Chuck" for its low cost. Winter Park resident Joyce Woolman recalled that, when someone served her a glass of it several years ago, she thought it was a $15 bottle of wine.

"Honestly, I particularly like that I'm not buying Hostess or another brand, and that I'm buying the Trader Joe's brand," she said. "It will be great for Publix to have some competition. We've seen several grocery chains leave, like Goodings."

Trader Joe's will make fast-redeveloping U.S. 17-92 in Orlando and Winter Park the most competitive grocery-store corridor in Central Florida. The new store will be within a half mile of two Publix Super Markets and a Chamberlain's health-food store, and a new Fresh Market is under construction 2 miles to the south.

Orlando resident Jill Martin said she discovered Trader Joe's three years ago while visiting friends in California.

"The first time I went there, I thought I was in food heaven," said Martin, who now makes it the first — and last — place she stops whenever she returns to California. "I just hope the [Winter Park] store is big enough, because it's going to be busy."

The new site will be typical of the chain's stores, which range from 10,000 to 15,000 square feet.

Trader Joe's is the latest in a series of popular chains to enter the Orlando market in recent years. IKEA and Container Store each had large followings when they opened near Mall of Millenia. And Wawa, a Pennsylvania-based convenience-store chain, has opened nine local outlets in nine months.

Trader Joe's, said Winter Park Planning Director Jeff Briggs, seems to have an even more-ardent fan base than some of the other chains. Local residents, he said, had never called City Hall to champion a chain store moving into the city — until now. http://www.orlandosentinel.com/business/os-trader-joes-orlando-area-20130503,0,4781891.story
 
REALTOR®, Charles Rutenberg Realty. She holds the designations of Accredited Buyer Representative (ABR®), Short Sale Foreclosure Resource (SFR), and she is a Graduate of the Realtor® Institute (GRI). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@cfl.rr.com. Visit her at www.MakeABrilliantMove.com


Tuesday, April 16, 2013

Boston

So proud of Boston; its people, its law enforcement, its medical community.











All posts are written by Dawn Deegan, Broker-Associate REALTOR® with Charles Rutenberg Realty. She holds the designations of Accredited Buyer Representative (ABR®), Short Sale Foreclosure Resource (SFR), and she is a Graduate of the Realtor® Institute (GRI). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@cfl.rr.com. Visit her at www.MakeABrilliantMove.com

Monday, April 15, 2013

GREATER ORLANDO MARKET DATA, MARCH 2013

The market continues its upward swing.
We are up 7% in sales volume from March 2012 - March 2013
We are up 22% in price for the same period.
The period of time a property stays on the market before selling is now 18% less than it was one year ago.
Fence sitting is never a comfortable place place to be. 
Please contact me for your real estate needs.
407 286 5272
 
For the full ORLANDO REALTOR TALKING POINTS, please see:  http://www.youtube.com/watch?feature=player_embedded&v=2JnYV766Vtw

All posts are written by Dawn Deegan, Broker-Associate REALTOR® with Charles Rutenberg Realty. She holds the designations of Accredited Buyer Representative (ABR®), Short Sale Foreclosure Resource (SFR), and she is a Graduate of the Realtor® Institute (GRI). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@cfl.rr.com. Visit her at www.MakeABrilliantMove.com

Monday, March 25, 2013

Sellers Who Delay May Miss Out

Sellers Who Delay May Miss Out

Some would-be move-up home sellers are eyeing home prices carefully. They’re waiting to see how much home prices appreciate more before they consider selling their home. But they may be missing their perfect opportunity, some housing experts say.
The best time to move may depend on when the home owner purchased their current residence, says Daren Blomquist, vice president of RealtyTrac. Blomquist says that home owners who purchased their home during the sluggish market the last two to three years may find moving up in 2013 may be their prime opportunity.
"Because they bought near the bottom, these home owners should have built up some good equity that can go toward the purchase of a new home, and waiting longer to build more equity likely won’t provide much advantage given that other homes that they might want to move up to will also be appreciating at roughly the same pace," Blomquist told HousingWire.
Home owners who wait much longer to sell their home may miss out.
"If you're selling one house just to move up to another, it does you no good to wait for prices to rise — the price of the move-up home will increase faster than the price of the place you're leaving behind," says Redfin CEO Glenn Kelman.
Plus, mortgage rates are expected to come off the 3.5 percent range and reach 4.4 percent in the next year, according to the Mortgage Bankers Association. That will increase the costs of financing your next home.
Source: “The Time to Sell Is a Waiting Game for Some,” HousingWire (March 21, 2013)

Presented by Dawn Deegan, Broker-Associate REALTOR® with Charles Rutenberg Realty. She holds the designations of Accredited Buyer Representative (ABR®), Short Sale Foreclosure Resource (SFR), and she is a Graduate of the Realtor® Institute (GRI). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@cfl.rr.com. Visit her at www.MakeABrilliantMove.com

Thursday, March 14, 2013

Fla. has top foreclosure rate for sixth month



WASHINGTON – March 14, 2013 – Florida posted the nation’s highest state foreclosure rate for the sixth consecutive month in February, according to RealtyTrac’s Foreclosure Market Report for February 2013: One in every 282 housing units with a mortgage had a foreclosure filing during the month – more than three times the national average.

A total of 31,726 Florida properties had a foreclosure filing during February, up 6 percent from the previous month and up 20 percent year-to-year, reaching a 16-month high. Foreclosure filings include default notices, scheduled auctions and bank repossessions.

Florida cities (population of 200,000 or more) also accounted for seven of the nation’s 10 highest metro foreclosure rates in February; Miami’s metro area posted the highest rate in the nation (one in every 219 housing units).

Other Florida MSAs in RealtyTrac’s top 10 include: Orlando at No. 2 (one in 225 housing units with a foreclosure filing); Ocala No. 3 (one in 243); Tampa No. 4 (one in 253); Palm Bay No. 5 (one in 260); Jacksonville No. 8 (one in 302); and Naples No. 9 (one in 318). Foreclosure activity increased from a year ago in all seven Florida cities with top 10 metro foreclosure rates.

Dr. Sean Snaith, head of the Institute for Economic Competitiveness at the University of Central Florida, told the Bradenton Herald that the RealtyTrac data “reflects the length of time it takes for foreclosures to get through the judicial system” in Florida. In California and other states where foreclosures don’t go through the courts, they have been able to resolve foreclosures more quickly, he said.

Nationally, RealtyTrac reports 154,281 U.S. foreclosure filings in February, an increase of 2 percent from the previous month but down 25 percent from February 2012. One in every 849 U.S. housing units saw a foreclosure filing during the month.

“At a high level the U.S. foreclosure inferno has been effectively contained and should be reduced to a slow burn in the next two years,” says Daren Blomquist, vice president at RealtyTrac. “But dangerous foreclosure flare-ups are still popping up in states where foreclosures have been delayed by a lengthy court process or by new legislation making it more difficult to foreclose outside the court system. Foreclosure starts have been steadily building in those states over the last several months and likely will end up as bank repossessions or short sales later this year.”

High-level findings

• U.S. foreclosure starts increased 10 percent from the previous month after three consecutive monthly decreases, but they were still down 25 percent from February 2012.

• U.S. bank repossessions (REOs) decreased 11 percent from the previous month and were down 29 percent from February 2012 to the lowest level since September 2007 – a 65-month low.

© 2013 Florida Realtors®

For more noteworthy news articles, please visit my website and view Blog and NEWS, where I regularly post the most relevant Real Estate related articles. http://www.makeabrilliantmove.com/Blog_RWG7.html

Presented by Dawn Deegan, Broker-Associate REALTOR® with Charles Rutenberg Realty. Dawn holds the designations of Accredited Buyer Representative (ABR®), Short Sale Foreclosure Resource (SFR), and she is a Graduate of the Realtor® Institute (GRI). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@cfl.rr.com. Visit her at www.MakeABrilliantMove.com

Wednesday, January 2, 2013

Fiscal Cliff Real Estate Related Outcomes



Despite it still being chilly in Washington, here is how the fiscal bill stands to affect Real Estate related matters:


Mortgage Forgiveness Debt Relief Act extended to January 1, 2014. In place since 2007, the act provided a tax break for homeowners who struggled through financial hardship such as a foreclosure, and were granted mortgage debt forgiveness. In the past several months, National Association of Realtors (NAR) issued numerous calls to action urging its million-plus Realtor members to ask lawmakers to extend the tax break for another year. More than a quarter of all transactions involve distressed properties, the NAR said in its plea. "Homeowners shouldn't be forced to pay a tax on money they've already lost with cash they never received."

Deduction for mortgage insurance premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012.

The 15-year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012.

The 10 percent tax credit (up to $500) for homeowners for energy efficiency improvements to existing homes is extended through 2013 and made retroactive to cover 2012.

"Pease limitations" that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be reinstituted for high-income filers. "Pease" limitations will only apply to individuals earning more than $250,000 and joint filers earning more than $300,000. The thresholds are indexed for inflation so will rise over time. Under the formula, filers gradually lose the value of their total itemized deductions up to a total of a 20% reduction.

First enacted in 1990 and named for Ohio Congressman Don Pease, who proposed the idea, the limitations continued throughout the Clinton years. The limitations were gradually phased out starting in 2003 and eliminated in 2010. Reinstitution of these limits has far less impact on the mortgage interest deduction than a hard dollar deduction cap, percentage deduction cap or reduction of the amount of mortgage interest deduction that can be claimed.

The capital gains rate remains at 15 percent for individuals earning less than $400,000 per year and couples earning less than $450,000.  Any gains above these amounts will be taxed at 20 percent. The $250,000/$500,000 exclusion for the sale of principle residence remains. 1-2-13
 Florida Realtors
 
 
All posts are written by Dawn Deegan, with propert credit given for articles used.  Dawn Deegan, Broker-Associate REALTOR®, Charles Rutenberg Realty. Dawn holds the designations of Accredited Buyer Representative (ABR®), Short Sale Foreclosure Resource (SFR), and is a Graduate of the Realtor® Institute (GRI). She also holds the Transnational Referral Certification (TRC), enabling her to help in real estate endeavors world-wide. Dawn is dedicated to providing only the best possible services and expertise to her Buyers and Sellers of residential Real Estate in the Greater Orlando area. This includes Windermere, Orlando, Winter Park, Baldwin Park, and Davenport. Her emphasis is on superior delivery of sophisticated market data, quality and value to you, the Buyer or Seller. Contact Dawn Deegan at 407 286 5272 or at DawnDeegan@cfl.rr.com. Visit her at www.MakeABrilliantMove.com