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destin: 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)
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destin: 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)
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destin: All Fridays are Good, Aren't They? - 04/06/12 07:15 AM
Today is a day called Good Friday, but to me all Fridays are Good. They always have been for as long as I can remember. I always looked forward to the day called Friday. How can you not love a Friday. TGIF !
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destin: Destin Condo Market is HOT - 03/30/12 07:16 AM
One way to decipher a market is to analyze it. I love to do this in all categories. I am a bit of a real estate nerd and love to watch the numbers so I understand what is going on.
In my Investment Market, Condos under the $175,000 price range the numbers came as below:
Number of Condos in the Market in Destin and Santa Rosa Beach having at least one bedroom , one bathroom and less than $75,000 in price = 140 total
Number of Condos in the Market in Destin and Santa Rosa Beach having at least … (0 comments)
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destin: Monday Morning Mortgage Market Update - 03/19/12 11:48 AM
Market Update Week Ending March 16, 2012
What began as a quiet week quickly turned negative following the release of Tuesday's Fed announcement. Mixed economic data and Treasury auctions had little impact. Mortgage rates ended the week significantly higher.
While it was very similar to the last statement, the Fed announcement reflected some degree of improvement in the economy. This caused investors to reduce expectations for further Fed easing through purchases of mortgage-backed securities (MBS). The chance that the Fed would produce enormous additional demand had helped propel MBS prices to their recent highs, so this news caused investors to … (0 comments)
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destin: 1031 Tax Exchange - 02/23/12 07:45 AM
1031 investment property is real or personal property held for the proper intent as defined by Internal Revenue Code § 1.1031. 1031 exchanges allow the owner to indefinitely defer the federal and state capital gains and recaptured depreciation taxes triggered when the property is sold and replaced with like-kind property. Taxes are due when the replacement property is sold or deferred in another 1031 exchange.
Proper Intent The proper intent is “property held in a trade, business or investment.” Facts support the proper 1031 investment property intent such as:
hold time rental history minimal personal use history of purchase and sales, … (0 comments)
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destin: Median Home Prices - 02/09/12 09:28 AM
Emerald Coast
Http://wwwKellyKleinSoldMine.com
Kelly Klein, Lifeguard Real Estate, Inc
Broker / Owner / Sales/ Buyer's Representative
… (1 comments)
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destin: Buyers have returned - 02/07/12 05:04 PM
In record numbers, I am seeing license plates from the following states: Texas, Louisiana, Alabama, Georgia, Tennessee, Ontario, Ohio, Minnesota, Michigan, Kentucky and Illinois. Seems like there are record number of visitors in the area this year. Why not? Temperatures have been unseasonally warmer this year and we offer a lot of sunshine most year round. It has even been more difficult getting a tee time on my favorite golf course, the Santa Rosa Golf course. It's all good though. I have shown property for now a full week everyday in a row. I am also seeing a record number of … (1 comments)
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destin: Article 10 Code of Ethics - 01/30/12 10:50 AM
I locally teach Fair Housing Rules to newREALTORS©. It is a subject near and dear to me. It is always worth reviewing these rules as written and amended on January 1, 2011.
REALTORS© shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, national origin, or sexual orientation. REALTORS© shall not be parties to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status, national origin or sexual orientation.
Kelly Klein, Lifeguard Real Estate, Inc. Broker / Owner
… (3 comments)
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destin: Okaloosa County, FL ~ December 2011 Sales Activity - 01/11/12 08:59 AM
More good news along the Panhandle.
Okaloosa covers cities like Ft. Walton Beach, Crestview, Niceville, and Destin, FL.
In the month of December Total Single Family Home sales were up 16.83% over December 2011. For the year, Home Sales were up by 20,56% for the year. To top this news, NEW HOME SALES were up 41.48% for the year and this is great news for our local economy. Home building and related services feed the employment numbers in the County.
In the condo/townhome category for the month of December sales were slightly down by 6.19% as compared with December of … (2 comments)
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destin: Beautiful Last Day of the Year - 12/31/11 10:20 AM
Ah, I couldn't have asked for more. It is just beautiful here today. I hope your last day of your year is spent reflecting on all of the good that you had this past year. We all have so many things to be thankful for. Even the smallest things, like my fingers that are typing this note right now, or my eyes that are reading this. Take time to reflect on the good and wish for more good in the year to come. Happy New Year from Lifeguard Real Estate !
Planes over the Destin Harbor. Happy NEW YEAR!!!!!!
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destin: November Sales Numbers - 12/14/11 09:46 AM
November Sales StatisticsIn an effort to help members communicate more effectively about the real estate market along the Emerald Coast, ECAR has put together basic statistics to be used by ECAR members in customer/client communication and other marketing efforts. This is not intended to replace any other statistical analysis ECAR members may use each month.
Total Units Sold
Kelly Klein, Lifeguard Real Estate, Inc.
Broker / Owner 850-420-2480
Http://www.KellyKleinSoldMine.com
… (1 comments)
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destin: Walton County Sales Trends for November 2011 - 12/07/11 09:06 AM
The report in Walton County just came out and for the month of November sales are up 5.41% in the Single Family Homes category and up 16.25% year to date overall.
Sales of condos and townhomes were slightly down for the month of November, but still way up at 33.55% for the year.
Residentail Lots in Walton County are selling and were up 10.19% for the month aand up 18.04% for the year.
The good news is that the number of Foreclosures filed fell 34.98% and the number of new filings or Lis Pendens fell 49.29%.
With foreclosures, short sales, REOs … (2 comments)
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destin: October Sales Report - Emerald Coast Association of Realtors (STRONG) - 11/18/11 09:54 AM
Total Units Sold
Sales statistics are generated on approximately the 10th of each month. These statistics include information recorded in the Emerald Coast Association of Realtors (ECAR)MLS system by ECAR MLS participants and subscribers, and do not include information entered by other Associations or "for sale by owner" properties. The ECAR coverage area is primarily Okaloosa and Walton counties, but may also include parts of Escambia, Santa Rosa and Bay counties. Sales information is based on existing homes only; new construction is not included.
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destin: Today's Featured Complex -- Amalfi Coast - 11/09/11 10:31 AM
Amalfi Coast was built in 2002. It is a low rise condo complex with just four floors and 112 units. It has 16 one bedroom units, 76 two bedroom units, and 20 three bedroom units. There are 7 units for sale today at Amalfi Coast ranging in prices from $275,000 to $525,000.
Amenities include two outdoor pools (one heated), large pool terrace and courtyard with boardwalk leading out to a dedicated beach access area with 362 feet of beach space, poolside cabanas, two lighted tennis courts, a clubhouse overlooking the pool area, owner storage closets, washer / dryer hookups in all … (0 comments)
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destin: Does College Football put a Slow Down on your Saturdays? - 10/30/11 06:58 AM
I am wondering if the college football season affects your business at all. I notice that on Saturdays when college football is on, my phone is not ringing. Funny, it doesn't happen during NFL football on Sundays, just quieter on Saturdays. Tell me, did you watch football yesterday? I hope your team won.
I grew up in Toledo, Ohio and Adrian, Michigan was just up the highway so I grew up loving to go to Adrian, Michigan for the University of Michigan games. I did not graduate from this school, but sure wish that I did. My friends in Ohio all … (3 comments)
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destin: Where does your business come from? - 10/29/11 06:25 AM
Where does your business come from? Most of my business comes from past clients and referrals. The Internet also provides leads with people that I have never met before. Networking with others occassionally will produce a referral or a new client, but that five minute touch usually does not end up meaningful.
Listening to another and keeping your mouth shut more often than you speak can be extremely useful and using your new aquaintance's name frequently while speaking to them can help ease you into deeper topics and a more profound connection with the person in front of you.
Print advertising … (37 comments)
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destin: What do I love about Destin? EVERYTHING - 10/20/11 10:11 AM
My photos tell it all. It is just so beautiful here. Fall delights us with butterflys, dolphins, and beautful sunsets. Nuff said.
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destin: Local August Sales Report - 10/04/11 09:10 AM
Total Units Sold
Sales statistics are generated on approximately the 10th of each month. These statistics include information recorded in the Emerald Coast Association of Realtors (ECAR)MLS system by ECAR MLS participants and subscribers, and do not include information entered by other Associations or "for sale by owner" properties. The ECAR coverage area is primarily Okaloosa and Walton counties, but may also include parts of Escambia, Santa Rosa and Bay counties. Sales information is based on existing homes only; new construction is not included.
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destin: Getting to the Closing Table - 08/14/11 09:59 AM
Over the last few months getting buyers and sellers to the closing table has gotten harder. It is almost as bad as watching our current fiascal in Washington between both parties. Too stubborn to play nice. Things that used to be considered simple have taken on a new tone of their own. Buyers who make uncompromising demands and sellers who can't meet deadlines. I am not sure why it has gotten worse over the past few months in comparison to other months or years gone by, but it has.
It is time for it to STOP. STOP IT RIGHT NOW. Whatever … (3 comments)
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