Click here to view online with images.
 

March 2021

Whether you own a home or are looking to buy or sell one, here are some useful tips, ideas and advice. When you’re ready to make your move, give us a call or drop us a line.

Berkshire Hathaway HomeServices Florida Realty
AJ International Group Naples
239-315-1078/-1079
office@ajnaplesrealty.com
www.ajnaplesrealty.com

 

Naples Real Estate Market Trends

The Naples Real Estate Market February!

The Real Estate Market in Naples is still on its way up! Prices are increasing, and we do not see any changes right now! In some communities as soon as a property comes on the market it is already sold. Low inventory all over Naples. Compared to February 2020 before the pandemic started the closed sales of homes in Naples increased 64 percent to 1,324 sales compared to 807 closed sales in February 2020. Search for the Market Statistic of your neighborhood here: 

Search at properties or neighborhoods! 

Just listed! 275 Indies Way #1204 - The Dunes of Naples! 

The Million Dollar View! Sunset included!

Welcome to your new home in one of Naples' greatest locations : The Dunes of Naples. This 3 bedroom, 3 bathroom condo on the 12th floor of the Grande Phoenician offers everything that you are looking for. Huge kitchen with modern appliances and a gas cooktop, a private elevator lobby, plantation shutters and the highlight - a huge screened lanai with a gorgeous view to the Gulf of Mexico. The Grande Phoenician offers a fitness center, a pool, extra storage and this unit has two covered assigned parking spaces in the garage. The Club at the Dunes offers a huge variety of amenities and additional with this unit you are able to purchase a membership at the Floridian Beach Club at Vanderbilt Beach. 

 

Find out more here!

Sold in 2 Days!  $ 1,900,000!

9653 Gulf Shore Dr 201, Naples, FL

This newly remodeled condo on Vanderbilt Beach was sold before  we could really start the marketing :-)! On Monday night it was going online, on Tuesday we hat one showing after the other with the offer coming in on the same day! Crazy market! We still have a lot of ready and willing cash buyers looking for a new home on the beach or close or also in gated Golf Communities in Naples. Contact us, if you are thinking about selling, or you know someone who might consider selling. Additional to our company's outstanding marketing we offer our own international marketing coming from a long history of selling properties in Europe and the USA! Contact us for more information and a market evaluation of your home!

FINANCIAL ADVICE

Selling a Second Home

It’s tax time and you may have questions if you own a second home and sold it or plan to sell it. Do you have to pay capital gains when you sell a second home? All that depends.

A second home, says HRBlock.com, can include houses, mobile homes, condos, co-ops, trailers, and houseboats. When you sell a second home, Merrilledge.com says you’ll owe capital gains on any profits, with certain exclusions.

If you purchased your home as your primary residence, and it was your primary residence for at least two of the five years immediately preceding the sale, you can exclude up to $500,000 of gains on the sale if you're married and filing jointly, or exclude $250,000 for singles. You can also deduct real estate taxes and points paid to buy your second home.

If you own your second home for more than one year, it’s a long-term capital gain on the profit; a short-term capital gain is on a profit of a second home you owned one year or less.

If you got a mortgage to buy or improve a second home, you can deduct the mortgage interest if you itemize deductions. Your deduction could be limited if your mortgage is more than the fair market value of your home or if the combined mortgages on your primary home and second home are more than $500,000 for single filers or $1million for married joint filers.

Confirm all information with your tax attorney, CPA or tax professional.

FINANCIAL ADVICE

Home Ownership Hedges Against Inflation

Great financial reasons to own real estate, advises Biggerpockets.com, are building equity, tax advantages that don’t exist for other asset classes, not having to pay rent, passive income from rental properties, among many others. One of the greatest advantages is that buying a home is a terrific hedge against inflation.

Since 1913, the annual inflation rate in the U.S. has averaged 3.10%. As the cost of goods and services rises, so do the costs of buying a home. Currently, mortgage interest rates, or the borrowing costs to buy a home, are at record lows. If you were to purchase a home today, you’d be able to lock in fixed-rate long-term debt (your mortgage) to buy a financial asset that promises to rise in value while you enjoy using it.   

That means that while others pay rising rents and home prices year after year, your monthly payments are cheaper and cheaper, by comparison, allowing you the freedom to reinvest in your home, invest in other asset classes, or put money toward other worthy goals such as higher education and retirement. Another way of looking at it is that the first year you own your home will also seem the most expensive, and it will get easier year after year. 

A home as an inflation hedge is important because after the pandemic the economy will improve to the point that the government needs to control inflation by raising borrowing rates to banks, mortgages. Homebuying will only become more expensive.

HOMEOWNERS’ ADVICE

Packing for Your Move

Deciding what to pack when you’re moving isn’t easy. However, if you follow these simple suggestions, packing to move and unpacking to move into your new home will be much easier.

Declutter: Decluttering serves two purposes. It makes it less expensive for you to move because you’re not paying freight to move things you no longer need or want. Second, less clutter makes your home show better to homebuyers. A good rule of thumb is to group items into no more than three categories - Keep, Donate, and Throw Away. Add a “Sell” category if you have time to pack and ship the items. 

Organize: Use good packing materials, including sturdy boxes, bubble wrap, and paper, especially if you’re doing the packing and not the moving company. Clearly label the boxes according to the rooms where they’ll be moved. Provide your movers with copies of a simplified floorplan, so they don’t have to stop and ask you where this or that box goes.

Think ahead: Remember that the movers, though they are professionals, get tired and that’s when accidents happen.  Keep boxes under 50 pounds whenever possible. Put heavier items in smaller boxes to reduce bulkiness, and lighter items in larger boxes with proper labeling like “topload.”

Insure your move: Contact your homeowner’s insurance carrier about coverage for moving and riders for valuables. Your mover can provide either released value insurance (about $0.60 per pound of goods lost or damaged), according to Moving.com) or the full replacement value.


621 5th Avenue So. Naples, FL 34102

©2021 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Information not verified or guaranteed. If your property is currently listed with a Broker, this is not intended as a solicitation. Equal Housing Opportunity.