The Florida property tax system differs from many other states, and for you out of towners, understanding how to estimate the property tax on your Florida home can be confusing.

The simple formula for calculating taxes is:
(Assessed Value) X (Millage Rate) = Your Yearly Tax Bill.

Finding out a property Millage Rate (millage is just a fancy term for Tax) is relatively simple. All you have to do is go onto the counties property appraisers website and see what...

I just came across this article and thought it gave an interesting historical perspective on the price of housing and how inflation has a pretty clear role in the future of today’s housing.



Read the original article here: Commentary: House Prices Will Rise Greatly over the Next Few Years, Buy Now | RISMedia

For those that would rather have the cliff notes...

Crazy Deals vs Good Deals

If you’re looking to get a good deal on a foreclosure home you are starting in the right place. Banks are the quintessential “Motivated Seller” and are willing and able to sell the properties they own for less than what other sellers are asking. However, if you are looking to get a CRAZY deal on a foreclosure, think again. Those late night TV infomercials teaching you how to buy foreclosures for 20-30 cents on the dollar are just there to sell you...

Foreclosure properties have by far been the #1 inquiry I have received from many buyers in the market place today. People are interested in purchasing foreclosures for very good reason too, the owners are very motivated to sell, they are usually the most aggressively priced in the market, and they (unlike short sales) can be purchased in 30 days or less like a normal sale. There are unfortunately...

Well, the first 09 economic stimulus plan was signed into law today and in it was a provision that directly affects first time home buyers.

In my previous post I explained the $7500 refundable first time homebuyer credit. That credit has now been replaced by an "improved" tax credit. The new credit,while not as large as originally proposed, has been upped to $8,000 the repayment feature has been eliminated, and you can qualify for the credit if you purchase and take occupancy...