1031 Tax Exchange -- Turning Rental into Primary - 05/17/12 05:25 AM
 
1031 Exchange – Converting your Rental into a Primary Residence
 
 
 
Under the normal Internal Revenue Service, or IRS, code regulations you are required to pay capital gains taxes when you sell a property and realize a profit. Although the rate at which capital gains are taxed fluctuates, it is typically rather high given federal, possibly state capital gains and recaptured depreciation taxes. This tax can quickly eat away at the gain you realized on the sale of an investment. One option that allows you to defer the payment of capital gains taxes is to enter into a … (1 comments)

April Walton County Florida Sales Activity Report Just Out - 05/08/12 07:13 AM
Total Number of Single Family Homes that have sold in the month of April were 193.  Sales have been brisk.  Out of the 193 homes that have sold, 130 of them were new.  This means that we see a lot of construction activity again and the market is recovering nicely putting a lot of folks back to work.
Total Number of Condos that sold in April were 97.  This is actually slightly down from a year ago.  However, the condo market has been hit hard in the mortgage area.  If you can't pay cash, then it is extremely difficult to finance … (0 comments)

Where have all the For Sale Signs Gone? - 05/07/12 08:58 AM
Okaloosa County - April Sales Trends Report
Okaloosa County has approximately 181,000 people living in 930.25 square miles of space.  Towns include Fort Walton Beach, Destin, Crestview, Bluewater Bay, Niceville, Valparaiso, Mary Esther, Eglin AFB, and Hurlburt Field.
There were 273 homes sold in the month of April in Okaloosa County.  For the year it is up slightly by 2.88%.
There were 112 condos and townhomes sold in the month of April.  For the year this number is up 19.44%.
Residentail Lots saw a decline in sales activity.  Only 65 sold in the month of April and down 13.37% for the … (2 comments)