Marc Sacheli
Sterling Equity Realty
Cell: 305-898-2818

Florida Realtors® News

Real estate advertising? Try to keep up

While agents have a lot of online advertising options, Facebook is still best. It's visited by 79% of people online compared to Twitter, which is No. 2 at 24%.

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How would tax plan alter mortgage interest deduction?

Analysis: A buyer paying at least $305,000 today still qualifies for the deduction, but only homes worth $801,000 or more would under latest Trump tax proposal.

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Lennar upbeat on housing market after storms

The homebuilder said orders and deliveries rose in the latest quarter, and, after a short post-storm pause as the nation cleans up from recent storms, the company says that it expects that uptick in demand to continue for new homes.

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Outsized price gains for entry-level homes hurts buyers

Analysis: Home prices in the lowest, most-affordable tier rose 56% over the past five years, but prices in the top, most-expensive tier are up only 33%.

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7 real estate ideas that deserve to die

Conventional wisdom dies hard, and misconceptions may drive the decisions you make about your real estate career, marketing and even office décor.

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Here's how credit scores affect your mortgage rate

Buyers can't control interest rates, but they have some control over their credit score – and a good credit score can shave thousands of dollars off their loan.

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Why do some people pay too much for a house?

A 2017 Nobel Prize focused on "behavioral economics," which finds that people make illogical economic decisions and act more like Homer Simpson than Mr. Spock.

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Justices to hear argument in states' disputes over water

The Supreme Court says it will hear a decades-long dispute between Florida and Georgia over water rights.

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Refinance scams target military vets

Scammers convince some vets with VA loans to refinance multiple times in one year, and each refinance adds thousands of dollars to the total amount they owe.

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Hurricane victims: A recap of key IRS tax relief

The Treasury issued a rundown of the tax relief benefits offered to victims of Hurricanes Harvey, Irma and Maria. Because relief postpones some tax deadlines, individuals and businesses have until Jan. 31, 2018, to file any returns and pay any taxes.

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With flood ins., what does 'substantial damage' mean?

In the national flood program (NFIP), "substantial damage" means that repair costs for a home in a Special Flood Hazard Area are at least 50% of its market value.

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5 ways to make your listing look bigger

Some items, like small carpets, make rooms appear smaller than they are. But other details, such as a monochrome paint color, can make it appear bigger.

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What is Bitcoin? Here's everything you need to know

Bitcoin believers say it's the money of the future, a digital alternative to the dollar, euro or yen. Non-believers say it's not real money.

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More buyers reach for ARMs as home prices swell

Buyers see their dream home slipping out of reach as prices rise, so more are considering adjustable rate mortgages to make it work. That worries experts a bit.

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Legal QandA: Who repairs my condo's lanai?

A condo owner enclosed her lanai, but neighbors say the assoc. must fix it. Also: Our HOA has no reserve funds to replace a perimeter wall. What now?

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Congress considers post-hurricane flood insurance programs

On the one hand, the recent onslaught of hurricanes – notably Harvey in Houston – shows lawmakers that the U.S. needs a strong flood insurance program. However, it also brings the financial challenges facing NFIP into focus.

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'We're open for business,' Fla. tells the world

The world watched scary news reports and saw worst-case Irma photos after the hurricane, but most attractions are still open, including Key West's Fantasy Fest.

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Fla. host-state agreement to help displaced Puerto Ricans

Gov. Rick Scott says the Trump Admin. approved his Host-State request with FEMA that approves 100% federal reimbursement for costs incurred by Fla. related to accommodating people who have been displaced by Hurricane Maria.

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White House: No flood ins. for new homes in high-risk zones

The Trump administration proposed an end to federal flood ins. for new homes in flood zones. If enacted, the change would halt some new construction in Fla.

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Lawmakers target seller-financed homes

The U.S. consumer bureau thinks some larger investors that offer seller financing abuse the practice by evicting buyers for small infractions such as one late payment.

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Study: Homeownership a priority for younger consumers

71% of prospective homeowners – largely millennials – believe it's a good time to buy a home, and 63% remain steadfast in their ideal preferences for a home.

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Emergency declared when Nate moved north

Gov. Scott declared a state of emergency when Hurricane Nate threatened the Panhandle, and Florida Realtors Disaster Relief Fund remained prepped to offer aid.

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How will buyers and sellers bridge the pricing gap?

Still-climbing property values are starting to make commercial investors nervous. In a normal bid-ask gap, sellers continue to want top dollar based on recent sales returns while buyers are increasingly nervous about paying it and later losing money.

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Average 30-year mortgage rate rises to 3.85%

Long-term mortgage rates ticked up slightly, in part due to expectations that Congress will OK tax cuts to stimulate growth and possibly increase the deficit.

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Real estate QandA: Should a widow sell her home to save money?

An 86-year-old must dip into savings for taxes and insurance, plus stairs are becoming more difficult. If renting is cheaper, should she sell and make the change?

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