Tips For Buying

June 21, 2024

Advantages of Living in an Unincorporated Area in Pinellas County

Unincorporated areas offer several advantages that you might want to consider if you are looking to make your home into an AIR BNB, need to store an RV on site, like to pay less in taxes and even less for your new home.  Unincorporated areas offer added freedom over ...

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Posted in Tips For Buying
May 26, 2024

Housing Market Update 1st Quarter 2024 Price Declines & Election Uncertainty

 

The Big Stories in this report  

-Price reductions taking place at record pace

-Current price trends across the board

-A look back at the last two elections and the impact on housing

-Key analysis for Clearwater, Indian Rocks and MORE

Here is what $49,000,000 will get ...

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Oct. 17, 2023

How to Save Big on Required Flood Insurance

Beachwise Real Estate Pro Tip for Buyers and Sellers

How to save hundreds, if not thousands, of dollars on your required flood insurance - Policy Assumption

Reference https://www.nationalfloodinsurance.org/policy-assumption/

The Beachwise Real Estate Team is always looking for ways to help our buyers and sellers save time and ...

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Nov. 8, 2022

Informational

Pondering Short-Term Rentals? Consider This

Regulations, insurance and taxes all come into play if you wish to start offering a room or home on the market as a short-term rental.

SCOTTSDALE, Arizona – Online home-sharing, such as Airbnb, Vrbo and HomeAway, has become increasingly popular for both ...

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June 6, 2022

Tips for Negotiating in a Hot Market

Negotiating an Offer in a Hot Market- What You Need to Know

The real estate market is hotter than ever before.  Home prices are starting to cool a bit but there is still a large pool of buyers on the sidelines.  With demand still so high and inventory ...

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Posted in Tips For Buying
Jan. 25, 2022

Condo Loans New Rules Having an Impact

Changes to condo loan guidelines from Fannie and Freddie that just took affect are starting to have an impact on loan approvals. 

Change #1- On January 1st of this year Freddie Mac and Fannie Mae implemented new guidelines for the underwriting of condo buildings.  Fannie’s tighter loan ...

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Dec. 30, 2021

Short Term Rental Guide Condo and Single Family Pinellas County

SHORT TERM RENTAL GUIDE for beach communities in Pinellas County attached units and single family dwellings.

Owning property on or near the beach can be a great investment especially if the real estate you purchased allows for overnight and weekly stays.  Each city in Pinellas County has its own ...

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Posted in Tips For Buying
July 2, 2021

7 Winning Tips for Buyers

We hope you found this article helpful.  Is there a topic you would like us to cover for you?  We would love to.  Email your request to stephen@tomsmithteam.com.  

Our team is ranked in the top 1% of all agents in Pinellas County.  If ...

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Posted in Tips For Buying
May 28, 2021

Update Proposed Changes to 1031 Exchange and What it Means

NAR Counters Proposal Limiting 1031-Exchanges to $500K

Under Pres. Biden’s proposal, 1031 like-kind exchanges only defer $500K from taxation. NAR says not to panic, though. There’s time before any decisions are made.

WASHINGTON – President Joe Biden’s recent tax proposal includes a $500,000 limit on the ...

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Posted in Tips For Buying
May 27, 2021

Want to Invest in an Airbnb? 5 Things to Consider

Here is an article I put together that may be helpful if you are considering Airbnb.  I will be on the beach looking at properties today and would love to spend a few moments with you by phone to catch up on what the local market is doing and ...

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Posted in Tips For Buying