Real Estate Information | Page #6

Real Estate Information

Accepting a buyer’s first offer is something home investors typically avoid when selling their Kissimmee holiday homes. But in some situations, it may be the right choice to make.

Here are three reasons you should accept a buyer’s first offer on your home. Knowing when to use this strategy can help you close the sale fast while still getting a higher return on your home investment.

Reason #1: You’ve Found the Right Buyer

Sometimes, the right buyer comes along and makes it easy for you to accept their first offer. For example, an all-cash offer eliminates the need to wait on financing, and cash buyers won’t have many barriers getting in the way of buying your home.

If it’s not cash they’re offering, a buyer may have all the information you need…

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Home buyers often try to get the most while spending the least when making offers on Disney villas for sale in Orlando and the surrounding areas. Lowball offers are one of the biggest hurdles home owners face when attempting to sell their properties. Knowing how to counter a lowball offer will help you get the most out of the sale of your vacation home.

Why are Buyers Making Lowball Offers on Your Vacation Home?

Realtors consider lowball offers to be any price that’s 20 to 25 percent lower than your listed selling price. Although, what constitutes lowball depends largely on the price of your home. For instance, a home owner would be more likely to dismiss an offer of $80,000 on a $100,000 home than a $1.6 million offer to buy a $2 million home.

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The July Team Donovan community reports have now been updated and are available from the following link:

                                                                               Community Reports

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The growing value of Orlando vacation rentals has made Central Florida a thriving market for real estate investors. But when it’s time to sell, homeowners can make mistakes when valuing their homes. Knowing how to value your Orlando vacation home will help you get the highest return on your investment.

How Most Investors Value their Orlando Vacation Homes

A home that’s occupied by its owner will have a different valuation when compared to vacation homes used for short-term rental income. Most homeowners look at similar properties in their neighborhoods to determine a fair market price. But this doesn’t provide an accurate assessment of your home’s value.

You can end up selling your home for too little, reducing your profits on the sale. Or, you…

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Selling holiday homes in Orlando has always been easy given the demand for luxury homes in one of the most popular areas in the country. But these are no longer normal times.

The COVID-19 pandemic has impacted the economy and changed consumer behaviors in all industries. Real estate professionals are adapting to new concerns while protecting the interests of home buyers and sellers.

Selling your vacation home remotely is an option that foreign home investors can use if you’re unable to return to the U.S. during the pandemic.

Virtual Showings: The New Normal When Selling a Vacation Home

Virtual home tours aren’t new. But they’re becoming the new normal for real estate buyers and sellers. Open houses let buyers decide if your home is right for…

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June 'judgements' From The Resort Area...   Total resort area inventory of 1,480 homes represented an increase of 20.7% from the one year ago total of 1,226 listings but was down 125 homes compared to the 1,605 listings of May 2020.  The median price of a market area home was 7.5% higher than a year ago at $238,500 and also up 0.3% from the $237,600 median price last month. A home that closed during June sold after an average total of 96 days which compared to 97 days last month and the 98 day total of June 2019. Total sales during the month of 300 homes represented a fall of 25% from the 375 closings in June 2019 but an increase of 53% compared to the 196 sales last month. The average closed price attained during June reflected 97.4% of the…

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Avoiding capital gains taxes can be one of the best ways to maximize the return on your investment when selling a vacation home.

As we discussed in Part 2 of this series, there are steps you can take to reduce your tax liability, such as claiming your vacation home as your primary residence. But swapping an investment property for another can also help investors with vacation homes for sale in Kissimmee, Florida avoid taxes on their capital gains.

Work with a Qualified Real Estate Professional

Replacing your vacation home with another property isn’t as straightforward as it might sound. There are rules and regulations you need to follow. For example, you won’t be able to carry out the transaction with any broker or other professional who you have…

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Capital gains tax is a factor that home investors in Central Florida need to consider when selling their Disney vacation homes. In part one of this series, we shared some of the ways you can reduce your capital gains tax liabilities such as by selling other assets, reduce your taxable income, and deduct common ownership expenses.

Making your short-term rental home your primary residence is another way to avoid most, if not all, capital gains taxes and get the most out of your holiday home investment.

Residency Requirements for Your Orlando Vacation Home

If you’ve been using your vacation home as a short-term rental property, you can start spending more time there as a way to make it your primary residence. Each state has its own residency…

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Selling a vacation home can mean more money in your pocket. But as a home investor, you have to consider tax liabilities that can eat away at your profits.

In the United States, capital gains taxes may be applied when homeowners sell their Kissimmee vacation rentals. You can avoid the capital gains tax on your short-term rental home when you know what steps to take to minimize your tax liability.

Deduct Your Homeowner Expenses

When you own a vacation home, there are expenses you can deduct to reduce your capital gains tax. These include the interest on your mortgage as well as insurance and maintenance expenses. As a vacation home owner, it’s important to keep records of your expenses. You may need to show receipts or other records, such as an…

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The June Team Donovan community reports have now been updated and are available from the following link:

                                                                               Community Reports

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