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Wednesday, February 27, 2008

News you can use from Lowes

Ready to beat the winter doldrums? Maybe it's time to breathe new life into your home's decor, especially if you're trying to sell right now. A fresh coat of paint, new carpet or kitchen countertops can cure those winter blahs and help you enjoy being indoors.
9 Hot Home Decorating Tips

Tuesday, February 26, 2008

Portability is helping

With Amendment 1 passing, property appraisers offices are getting quite a few calls. It seems that quite a few have applied for the portability of their homestead. Read the New Journal's article attached. Homes sales, prices drop as portability interest climbs
Phones at Real Estate offices are now starting to ring as well. Could this be the bottom?

Monday, February 18, 2008

Flood Insurance

As federal officials rework flood maps in Florida, thousands of people who thought they were high and dry are finding out they aren’t, according to FEMA – and many of their mortgage lenders now require a flood insurance policy.

Thursday, February 14, 2008

Property tax portability

As expected, property tax portability is being challenged in the courts. However, there’s a positive side: The case puts pressure on the 2008 Florida Legislature to consider additional property tax cuts for first-time homebuyers, non-homestead owners and businesses.

Monday, February 11, 2008

Cost of Homestead Exemption

Palm Coast Finance Director Ray Britt said the changes to the homestead exemption will cost the city $1.5 million to $2 million, but tax revenue generated by new construction could make up most of that loss.
The big question mark, Britt said, is the portability issue.
The ability of homeowners to take their Save Our Homes savings with them when they move to another homestead property will have an impact on property tax revenue.
The real impact of the portability issue may be a slowing effect on growth, and that means it will have more of a long-term effect on revenue, Britt said.
"Normal growth in property values runs anywhere from 5 percent to 8 percent," he said. "I think what we will see now is the growth being more in the 1 (percent) to 3 percent range."
The Flagler County school district stands to lose $12.5 million in the next five years, said Tom Tant, the district's finance director.
The district should do well, however, thanks to strong commercial development in the county and continued increases in student enrollment, Tant said.

News Journal excerpt from Feb. 10th
sara.kiesler@news-jrnl.com

Sunday, February 3, 2008

Palm Coast January figures

Palm Coast real estate is still selling despite the media reports.


In Palm Coast in the month of January there was: 104 homes and 5 condos that were pending, 31 homes and condos contingent. In the sold column, there were 50 homes and 2 condos sold.



Friday, February 1, 2008

Flagler County Home Show

Well, it's that time of the year. Saturday and Sunday Feb. 2nd & 3rd is the annual Home Show. If you are a new resident or just looking for some ideas this is the place to be this weekend. The show attract more than 20,000 guests and it's free. Stop by the Flagler County Association booths and answer a few short questions and get a yard stick.