Synergistic Real Estate Blog
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Florida’s 10 Percent Non-Homestead Cap and the Year-Two Tax Bill
Florida's 10 percent non-homestead cap limits how much the assessed value of an investment property can increase each year, but it does not apply to school district levies and does not survive a sale. A sale triggers reassessment at full just value on the following January 1. Whatever capital gains a seller accumulated over a long hold are erased. Underwriting built on the tax figure shown on the listing prices a position the buyer will never occupy. Highlights Florida's 10 percent non-homestead cap limits annual increases in assessed value to 10 percent on rental and investment property...
Largo – Florida’s Gulf Coast Hidden Gem
Nestled in the heart of Pinellas County, Largo offers the perfect blend of suburban comfort and coastal convenience. As Florida's fourth-largest city in the county, Largo has quietly become one of the Tampa Bay area's most desirable places to call home. If you're...
Tampa – A Great Place to Live, Play and Work
Nestled on Florida's Gulf Coast, Tampa is a city that’s much more than just sunshine and beaches. It’s a vibrant, diverse, and rapidly growing metropolitan area, with a patchwork of unique neighborhoods that cater to every lifestyle. From historic bungalows to modern...
Disclosures When Selling A Home In Florida
Certain material information must be provided to potential home buyers. According to local and state laws and statutes, this data can vary from state to state and region to region. Failure to provide this information can result in fines and other legal penalties. The...
How To Purchase A Home Before Getting Married
Some couples purchase a house before walking down the aisle together. There are various reasons for this. Buying a home before saying “I do” can have advantages and drawbacks. Purchasing a house as a couple usually results in a joint mortgage application. If a couple...
Costs When Selling A House
Sellers are responsible for certain closing costs. The costs may vary according to the transaction and the type of home sold, but most are around five to ten percent of the home’s sale price. Here are some of the most common components of home sellers’ closing costs:...
How to Sell A House to a Relative
Some people choose to sell their homes to a relative. There are many reasons why this happens. The owner may want to help a family member who is changing jobs or facing financial difficulties. Some may feel it’s easier to keep the property in the family. Other sellers prefer to deal directly with people whom they know and trust.
Selling a House with Tenants
Selling a home with tenants requires careful planning, communication, and understanding of tenant rights and lease obligations. You can successfully navigate the process and achieve your selling goals by addressing the challenges proactively and highlighting the...
Lutz Spotlight
The Tampa Bay Area is known for its beautiful beaches and vibrant cities, such as Tampa, St. Petersburg, and Clearwater. Still, many other wonderful communities exist, such as Lutz, an unincorporated community in Hillsborough and Pasco counties with a population of...
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