GARYANDLANA

Property taxes in Florida are outrageous even during this period of depressed home values. A year after buying such a home you could be facing outrageous property taxes.

Don’t confuse the Florida “Save Our Homes” exemption with a homestead exemption. Homestead exemptions in Florida exempt the home from the first $25,000 of assessed value if that home is used as a primary residence. The reduction in Florida property taxes from a homestead exemption is nothing compared to the property tax reductions the “Save Our Homes” exemption can produce.

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A Step by Step Real Estate Investing Guide to Sell Your House  :

Valuation

The first step in selling your house should be evaluation of the property. The current market price of a house may vary from the price that you think it is worth. You can hire a professional valuer who will give you a very fair estimation of your property’s worth. If you have friends in real estate business, they can also help you determine a price.

Enhancing the value of your property

Currently, the value of property is in decline. Less and less people are willing to buy properties. In this scenario, your house must have something special in order to attract the diminishing pool of buyers. What you can do it make you house look beautiful and desirable. For that purpose, you must undertake and up-lift of your house. It is very much advisable to hire a professional for this purpose if you can afford him. Pleas note that no one will be interested in buying a house that looks like it is hundred years old. Make your house look fresh and lively. It will fetch a lot of prospective buyers.

The best time to sell

There is a very basic law in economics: Price is directly proportional to demand. It means that if the property is in demand, it will fetch you a heavy price. However, if the property is not in demand, it will get you a lower price and you might end-up selling your house for a loss. Find out the trend in your neighborhood. If lots of houses are being sold at good prices, you should sell now. But if only a few houses are being sold and, at lousy prices, you should wait a little bit until the market picks up again.

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“Up to 90% of our normal behavior is based on habits.”

If you are like me, you have the same kind of problem and it’s this.

Knowing what you should do vs. actually doing it.

Take exercise for example, how many of us know we should exercise more and may even have some kind of exercise schedule, but, fail to follow that schedule? I am sure we can all relate to this.

So, when it comes to our commercial real estate business we can run into this problem as well. This problem will take two forms. I won’t spend much time on the first -laziness. A lazy owner, or in this case a lazy commercial real estate investor has a lot of issues that will keep them from achieving their actual potential. Point being if you sit around eating chips and watching TV, most of the day your business will suffer. So, I want to focus on something

EVEN WORSE.

What could it be?

Lack of implementation and testing “what works” vs. “what doesn’t work” as a result of, as Brian Tracy puts it; “hardening of the attitudes”.

You see, you could be a lazy couch potato and never get anything done with your business, or, you could be an active business owner and STILL never get the results that you have the potential for. Both attitudes are getting you really nowhere in your business.

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