Long term capital gains are taxed at different rated depending on taxpayer's income:
0% for taxpayers who are in the 10%-15% tax bracket.
15% for taxpayers in the 25%-35% tax bracket.
20% for taxpayers in the 39.6%.
Beginning in 2013, capital gains income is subject to an additional 3.8% Medicare tax for single filers making more than $200,000, or married couples filing jointly who make more than $250,000.
Keep in mind that the sale of a personal residence is excluded from capital gains up to a $500,000 gain for a married couple.
Speak with your tax accountant for specific details regarding capital gains.
Visit my website at www.RealEstateonMarco.com for information on homes for sale on Marco Island.
Wednesday, June 1, 2016
FHA 203(k) Loan
Did you know that an FHA (k) loan is designed to help individuals who want to purchase, repair, and live in the home. This loan lets the buyer include the money needed for the purchase as well as money needed for renovations and repairs.
Do you think this loan would be fit your needs? Contact me at 239-404-7471 for more details.
Do you think this loan would be fit your needs? Contact me at 239-404-7471 for more details.
DO YOU QUALIFY FOR SPECIAL FINANCING?
The FHA 203B program allows first time buyers to get a fixed rate mortgage with a down payment as low as 3.5%. In addition, 100 percent of the closing costs can be a gift from a relative.
For more information financing your new home, give me a call at 239-404-7471. Visit my website at www.RealEstateonMarco.com.
For more information financing your new home, give me a call at 239-404-7471. Visit my website at www.RealEstateonMarco.com.
Friday, May 27, 2016
Current Home Interest Rates
Mortgage rates
Rates as of 05/27/16 State: | Conforming | Rate | Points | APR |
|---|---|---|---|
| 30 Year fixed | 3.625% | 0.567 | 3.755% |
| 15 Year fixed | 2.875% | 0.189 | 3.045% |
| Jumbo | |||
| 30 Year fixed | 3.625% | 0.235 | 3.677% |
| 15 Year fixed | 3.375% | 0.218 | 3.464% |
Tuesday, March 1, 2016
MARCO ISLAND REAL ESTATE MARKET REPORT FEBRUARY 2016
MARCO ISLAND REAL ESTATE MARKET REPORT FEBRUARY 2016
Real Estate market has seen numerous price reductions over the past couple of months. The main reason for this was overpricing property for the current market conditions in anticipation of major price increases. We have had two years of stable pricing increases. Prices remain stable with price adjustments showing up in properties that were simply listed at an inflated asking price when put on the market.
Vacant lots have taken the largest decline in pending sales as well as closed sales.
Below is the statistical information for February 2016:
2016 2015
Pending Listings:
Single Family 41 64
Lots 4 27
Condo 54 85
Average Closed Sales Price:
Single Family $901,170 $828,137
Lots $571,111 $554,500
Condo $507,471 $528,803
Number of units sold:
Single Family 28 38
Lots 9 19
Condo 33 57
For a full list of property for sale on Marco Island, Please visit my website at www.RealEstateonMarco.com or call me at 239-404-7471.
Real Estate market has seen numerous price reductions over the past couple of months. The main reason for this was overpricing property for the current market conditions in anticipation of major price increases. We have had two years of stable pricing increases. Prices remain stable with price adjustments showing up in properties that were simply listed at an inflated asking price when put on the market.
Vacant lots have taken the largest decline in pending sales as well as closed sales.
Below is the statistical information for February 2016:
2016 2015
Pending Listings:
Single Family 41 64
Lots 4 27
Condo 54 85
Average Closed Sales Price:
Single Family $901,170 $828,137
Lots $571,111 $554,500
Condo $507,471 $528,803
Number of units sold:
Single Family 28 38
Lots 9 19
Condo 33 57
For a full list of property for sale on Marco Island, Please visit my website at www.RealEstateonMarco.com or call me at 239-404-7471.
Tuesday, January 19, 2016
MARCO ISLAND REAL ESTATE MARKET REPORT 4th QUARTER 2015
MARCO ISLAND REAL ESTATE MARKET REPORT 4th QUARTER 2015
The number of homes under contract in the 4th quarter in 2015 compared to 4th quarter in 2014 is down by 43%. Vacant Lots is down by 35% and Condominiums are down by 30%
Below is the statistical information:
2015 2014
Pending Listings:
Single Family 69 121
Lots 40 62
Condo 127 183
Average Closed Sales Price:
Single Family $868,103 $934,157
Lots $473,758 $337,533
Condo $517,268 $442,212
Number of units sold:
Single Family 65 77
Lots 31 29
Condo 112 112
For a full list of property for sale on Marco Island, Please visit my website at www.RealEstateonMarco.com or call me at 239-404-7471.
The number of homes under contract in the 4th quarter in 2015 compared to 4th quarter in 2014 is down by 43%. Vacant Lots is down by 35% and Condominiums are down by 30%
Below is the statistical information:
2015 2014
Pending Listings:
Single Family 69 121
Lots 40 62
Condo 127 183
Average Closed Sales Price:
Single Family $868,103 $934,157
Lots $473,758 $337,533
Condo $517,268 $442,212
Number of units sold:
Single Family 65 77
Lots 31 29
Condo 112 112
For a full list of property for sale on Marco Island, Please visit my website at www.RealEstateonMarco.com or call me at 239-404-7471.
Saturday, July 18, 2015
FHA Approved condominiums Marco Island/Naples
Do you want to know if a condo will qualify for FHA Financing? Click and find out.
For more information regarding real estate on Marco Island or Naples visit my website or call 239-404-7471.
For more information regarding real estate on Marco Island or Naples visit my website or call 239-404-7471.
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