Real Estate is the Number One Choice for Long-Term Investment

Posted On: August 16, 2019

In a poll done by Bankrate.com, real estate was shown to be the most favored investment option amongst pollers, with 31% voting real estate as the best investment for money they would not need for ten plus years.  Real estate has been the number one option among the top choices for many years now. In the poll, stock markets ranked second with 20%, saving accounts and CDs ranked third at 19%. Ranked fourth, was gold and other precious metals with 11%, 7% for bonds, and the last 4% going to Bitcoin and other cryptocurrencies.  Out of the pollers, millennials made…

Why Buying in the Florida Panhandle is a Good Idea

Posted On: August 9, 2019

In October of 2018, Florida witnessed one of its worst hurricanes to ever touch down in the state: Hurricane Michael. The Category 5 hurricane destroyed whatever it touched in its path. The storm left many residents homeless, powerless, and jobless. Then, with what little there was to rent, the prices skyrocketed due to supply and demand. This caused many Panama City residents to look into buying a home. After the destruction of Panama City, came a large group of helping hands: construction workers, medical personnel, and many more devoted volunteers. With the widespread damage of homes and apartments, came incentives…

Medicaid Amendment to Change Florida Property Taxes?

Posted On: August 2, 2019

Smaller, less wealthy counties in Florida are worried that the expansion of Medicaid access to low-income childless families could force them to raise their property taxes. In July, Small County Coalition of Florida lobbyist Chris Doolin wrote Amy Baker (the state’s chief economist) an email stating that it would be “important to identify” which counties are at or near a tax cap, which would restrict the amount of revenue that can be obtained by counties through property taxes. The Agency for Health Care Administration calculates how much each county must contribute to the overall cost of the program, which is…

A Weakening Economy Needs More Homebuyers

Posted On: July 26, 2019

The economic expansion we are seeing in the United States is about to be ten years old, making it the longest expansion in its history. However, this expansion has professionals thinking that it is coming to an end.  During the rise of our economy, we have seen more jobs get created, rising wages and an enormous amount of wealth getting accumulated by homeowners and stock market investors. With homeowners playing such a significant role in the economy, this brings prices of homes down, because of the great desire for homeownership.  Unfortunately, Lawerence Yun, the chief economist of the National Association…

Hurricane Season is here: Get Flood Insurance

Posted On: July 19, 2019

After the hurricane season we had last year, and with the current hurricane season here now, it is essential that we discuss flood insurance. As we have seen so far this summer, the rain does not seem to want to stop. However, flood insurance is completely separate from homeowners’ insurance. It is important to look into getting flood insurance so you don’t have to worry about the possibility of flooding in your home. But what exactly is flood insurance?  Flood related losses are defined as being “caused by water traveling along or under the ground.”  Flood insurance is mostly covered…

Real Estate Data Breaches Are Scary – Setco Keeps Your Data Safe With Qualia

Posted On: July 12, 2019

Buying a home can be a scary process to go through. You’re sharing sensitive information with multiple people in hopes that information is going into the best hands possible. Recently, a major data leak shows how much of a risk it can be for consumers.  First American Financial Corporation, which is one of the largest title insurance companies in the United States, had about 885 million mortgage-related files exposed due to lack of proper website design.  These files that were exposed could be easily obtained just by going to a specific URL. These files were filled with personal information: thousands…

Hurricane Season is Here

Posted On: June 7, 2019

The month of June brings some "not so good news" to the state of Florida. June 1st marks the beginning of the 2019 hurricane season. Over the last few years, we've seen devastation from Hurricanes Irma and Micheal. With Micheal hitting in October of 2018 and Irma during the month of September in 2017. The good news is that this hurricane season is predicted to be less severe than average. Colorado State University (CSU), the pioneer of hurricane season predictions, is predicting 13 named storms, five to become hurricanes, and two to hit major status (111 mph winds or higher).…

No More AOB Abuse

Posted On: May 31, 2019

A much-needed reform to Florida's Assignment of Benefits will be taking place on July 1st. Florida Governor Ron DeSantis signed House Bill 7065, which marked the end to a seven-year war by the industry and reform advocates, who were looking for a solution to the escalating abuse of the policyholder benefit. For those who need the refresher; an Assignment of Benefits, or an AOB, is a document signed by a policyholder that allows a third party, such as a water extraction company, a roofer, or a plumber, to "stand in the shoes" of the insured and seek direct payment from…

Make Real Estate Great Again

Posted On: May 24, 2019

President Trump spoke of his plans that could affect the real estate industry in front of nearly 2,000 agents at the National Association of Realtors midyear meeting held in Washington, DC. "President Donald Trump wants to make real estate great again." During the hour long address, our president put the environmental and other government regulations that impede building on blast. He also spoke highly of his administration's opportunity zones (which encourages investment in struggling communities, and he preached his plans to repair the nation's housing finance system. If Trump can make this happen, that will mean more homes, better prices,…

Scams Still On The Rise

Posted On: May 17, 2019

Recently, the Federal Bureau of Investigation (FBI) Internet Complaint Center (IC3) released its annual report on internet crime. In 2018 alone, a total of 351,936 complaints of internet crime were submitted. The claims stockpiled losses exceeding $2.7 billion. Of those crimes committed, 11,300 victims were from real estate scams. This caused $150 million in losses (Inman News). From year to year, the number of victims has increased by 17 percent. There were 9,645 real estate fraud victims in 2017. Now the biggest scare of all this is the money lost. The lost of dollars increased by 168 percent from 2017,…