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kelly klein: 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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kelly klein: 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)
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kelly klein: 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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kelly klein: Featured Complex -- Gulf Place Cabanas - 04/17/12 07:59 AM
The Gulf Place Cabanas are located at 145 Spires Lane in Santa Rosa Beach, Florida 32459. This building is a low-rise offering just four floors with 43 units. There are 43 one bedroom units in this complex and they rent quite well. They are located across the street from three deeded beach access areas and the Public Access of Ed Walline Park off of Hwy. 30A. They have an outdoor pool, a hot tub, elevator, tennis courts, shuffle board courts, dog park, walking trails, hall bunks, private balconies and washer and dryers in each unit.
Gulf Place hosts a walkabout every 3rd … (2 comments)
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kelly klein: Florida Panhandle Foreclosures - 04/10/12 08:16 AM
1st Quarter Florida PanhandleResidential Property Pre-Foreclousre Filings
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kelly klein: Walton County Real Estate Sales Activity Report -- March 2012 - 04/09/12 08:44 AM
What has been happening in Walton County Florida lately?
Single Family New Home Sales are up 205% over March of 2011 and for the year they are up 168.63%.
DR Horton seems to be the trend leader in this category. They have more building permits than any other builder in Walton County at this time and new construction can be seen everywhere in the county from Mussett Bayou Estates, Santa Rosa Golf Villas, Peach Creek, Sacred Oaks, Driftwood Estates, Whispering Lakes, Water Oaks, and Windsor Estates. It has put a lot of people back to work and you can catch positive … (0 comments)
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kelly klein: 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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kelly klein: 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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kelly klein: 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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kelly klein: Seaside Half Marathon - 03/05/12 07:50 AM
Seaside, FL has an awesome turnout for its 10th annual Seaside Half Marathon this past weekend. Although I do not participate, I do have a bird's eye view of the racers from my 4th story condo. My dog Dolly who viewed the race for the first time in her life loved it too.
Dolly watching the runners in the 10th Annual Seaside half marathon.
There were 3,700 runners and 300 volunteers this year. This is the maximum amount of runners allowed for this race. The race begins at Seaside and the turnaround point is Gulf Place along the 30A corridor. … (0 comments)
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kelly klein: Featured Complex - Emerald Hill Townhomes - 02/29/12 11:53 AM
Today I am featuring the Emerald Hill Townhomes located at 3722 East Hwy 30A, Seagrove Beach, FL 32459
This complex has 3 floors offering 36 total units. There are 7 Studio Units, 8 one bedroom units, 11 two bedroom units and 10 3 bedroom units. Unit numbers 1-16 are Gulf Front. There are private garages and an open parking lot as well. They own 100 Feet of Dedicated Beach.
Located in the heart of Seagrove Beach near shopping, bicycle rentals, and restauranta. It has an outdoor pool area, BBQ grills, and washer and dryers.
There have been two recent sales both … (0 comments)
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kelly klein: Mortgage Market Update - 02/27/12 06:57 AM
<!--StartFragment--> Market Update Week Ending February 24, 2012
The Greek bailout package was passed on Monday as expected, and there was little reaction in US markets. Mixed US economic data also had little influence. Strong Treasury auctions were the biggest factor for mortgage rates this week, and rates ended the week a little lower.
Investors are beginning to focus on the price of oil. Concerns about Iran have pushed oil prices up to the highest level in nine months. Higher energy prices are bad for consumers and the economy. Since higher oil prices have two opposite effects on inflation, though, the … (0 comments)
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kelly klein: 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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kelly klein: 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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kelly klein: Beachwood Villas -- Featured Complex - 02/02/12 10:12 AM
Beachwood Villas sits on the North side of Hwy. 30A between Beachcrest Condos and One Seagrove Beach. It is walking distance to the beach and is conveniently situated near a Tom Thumb convenience store, Cafe 30A Restaurant and Angelinas Pizza.
There are 14 well maintained buildings with 3 floors and 117 units in all. There are 72 one bedroom units; 10 two bedroom units; and 35 three bedroom units. There are two pools, BBQ areas, Clubhouse, shuffleboard courts, and tennis courts. It is a popular destination for snowbirds during the months of January through March.
Today there are 2 one bedroom … (0 comments)
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kelly klein: 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
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kelly klein: Walton County Sales Trends Report December 2012 - 01/06/12 02:32 PM
The Walton County Sales Trends Report just came out for the month of December. Like the unemployment rate going down to 8.5% Nationally, the employment is evident in Walton County Florida. I am seeing new construction popping up all around me again. It feels so good to see this positive trend.
Here are the numbers:
Single Family Home sales rose for the month of December by 56.14% over same period last year.
Single Family Home sales for the year rose by 19.58% over 2011 sales.
Condos and Townhomes rose 46.77% for the month of December over same period last year.
Condos … (0 comments)
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kelly klein: 10 Best Things Clients like about their Realtor - 01/04/12 08:59 AM
Survey Says:
1) Good Negotiating Skills
2) Personality of the Agent
3) Personalized Service
4) Made it easier, Saved Time
5) Listened
6) Followed Up
7) Go the Extra Mile
8) Treated all family members with Respect
9) Told the Truth
10) Worked with a Smile
Looking to save time, money, and avoid mistakes? Use a Buyer's Representative to help you with your next purchase.
Kelly Klein, Lifeguard Real Estate, Inc. 850-420-2480 Http://www.KellyKleinSoldMine.com
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kelly klein: 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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kelly klein: 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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