Powered by RealTown Blogs

Real Estate Talk in Central Florida

• Jul. 3, 2007 - Welcome!

Hi! this is George and I'd like to welcome everyone to our blog.

Suzie and I hope that we can use this forum to discuss local market conditions as well as local community concerns. We'd love to hear your comments and questions and will try to respond to any concerns that you may have.

As everyone knows, the real estate market here in Central Florida has slowed considerably as compared to two years ago. But that doesn't mean we're still not selling homes. Suzie is a huge advocate of home staging. We have witnessed unbelievable success in a market that has a tremendous supply of homes available.

When a home is properly staged and priced right it is hard for any buyer to pass it up. Visit our web site at www.GeorgeAndSuzie.com to find out more.

We look forward to hearing from all our current & future neighbors! 

 

Comments (5) :: Post A Comment! :: Permanent Link
View more entries tagged with: , , ,

• Jul. 3, 2007 - re: Welcome!

Posted by sthomas

Hey George And Suzie! We were looking for a home last year but decided to wait. Is this a good time to buy? Have price gone dwon much since last year?

Thanks!

Permanent Link

• Jul. 4, 2007 - re: Welcome!

Posted by George
sthomas, In my opinion it is a great time to buy. There are plenty of homes to choose from, interest rates are still low and sellers a very negotiable. The inventory of homes has gone up almost 10,000 since this time last year; 14,5559 to 23,547. Economics 101 teaches that as supply goes up prices naturally go down. So, yes it is a good time to buy if you're planning to live in the home and not trying to do a quick flip on an investment. Good luck and call us if you need a REALTOR! Thanks George  

Edited by GMCrudo on July 4, 2007 at 5:33 am
Permanent Link

• Jul. 7, 2007 - Propert Taxes

Posted by Yardman685

Can you tell me how the property taxes are calculated when I buy a new home? I purchased my current home in 1998 and I am afraid that I cannot afford to upgrade because of the increased mortgage and taxes.

thanks

Felix 

Permanent Link

• Jul. 8, 2007 - re: Property Taxes

Posted by George Crudo
Hi Felix Property taxes are calculated using the following formula: sales price - (minus) homestead deduction ($25,000) - (minus) 20% of sales price. Take that number and multiply it by the millage rate*. That final number will be your annual tax bill. Divide that number by twelve and then you will have your monthly obligation. Example: If you purchased a house for $330,000 with a millage rate of 16 you would calculate as follows: 330000-25000=305000     305000- 66000 (20% of sale price)=239000   239000 x .016= 3824/annually Most appraiser web sites will not take into account the 20% of sales price deduction in the calculation however, as per authorities at the Seminole County Appraiser office this is the way they do it. These numbers are approximate and you will need to verify it with the property appraiser for your county. *millage rate can be found on tax records and is usually a number between .015 & .020  I hope this helps. George

Edited by GMCrudo on July 8, 2007 at 2:18 pm
Permanent Link

• Jul. 9, 2007 - property taxes

Posted by yardman685

Thanks george!

it's going to be tight. I think we'll wait a bit

Permanent Link

Write a Comment
Your Name:  RealTown Members: Click here to login
Your E-Mail: 
Your Website: 
Subject: 
Your Comment: 
Notifications: 
Privacy: 
Verification: 
To verify that you are a human and not a script, please enter the verification word from the image into the box on the right.
 

A discussion of real estate market conditions & local events in Longwood, Florida and surrounding areas.

Recent Posts

• Our Website
• Welcome!




Categories

Our Website


Favorite Links

Links

• Home
• View my profile
• Archives
• Email Me
• Blog Manager
PageEntry 1 of 1
Last Page | Next Page