By: The Associated Press March 28, 2016 Updated: March 28, 2016 at 9:17 am
Number of Contracts to Buy Homes at Highest Point Since July
More Americans signed contracts to buy homes in February, with purchases surging ahead of the traditional spring buying season.
The National Association of Realtors said that its seasonally adjusted pending home sales index rose 3.5 percent to 109.1, rebounding from a 3 percent decline in January. The index has reached its highest level since July 2015.
The increase in signed contracts occurred despite a shortage of homes on the market. The gain suggests a strong start to the spring home buying season, after some recent reports have hinted at a possible slowdown as rising prices have hurt affordability.
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Pending sales contracts are a barometer of future purchases. A sale is typically completed a month or two after a contract is signed.
The recent pending sales report indicates that demand remains solid even though home prices are rising and buyers have a limited number of listings from which to choose.
Number of Contracts to Buy Homes at Highest Point Since July
Honor your past and embrace your future with these ideas for easing the transition during a move! Leaving a home, especially one you’ve lived in for many years, can be hard — and so can getting settled into a new house that doesn’t really feel like home yet. Whether you are downsizing or moving into your dream home, these ideas should help ease the transition.
Saying Goodbye to Your Old Home
Take photos of your old home before you pack your stuff. Part of what’s hard about leaving a place is knowing you’re also leaving the time you inhabited it. Little ones will be growing bigger in the next home, and everyone will be on to new things. Documenting your old house is just as much about treasuring where you are at this moment in life as it is about those hardwood floors and great light. If you have kids, be sure to include a few photos of them in your old home, doing what they do best: playing, building, drawing on the table, dropping cereal on the floor; you’ll appreciate it later. Take pictures of your rooms when they’re not clean and tidy, but just as they are on a normal day. The snapshot of life as you live it is far more meaningful than tidiness. If you want, collect the photos into a small album with a photo of your home and the address on the front. This album has a dual purpose — it’s good for working through emotions you may be feeling about leaving a beloved home, and it acts as a realistic record to look back on when you find yourself waxing nostalgic.
Leave your mark. If you’ve ever found an artifact from another time hidden in an attic or under a floorboard, you know how thrilling it can be. Why not leave your own little treasure for some future owner to find? Go classic with a time capsule, write a letter or let your child leave a small treasure box. Or leave your mark in a more literal way by carving your initials into a secret spot, like in an attic or on the ceiling of a closet.
Have a “goodbye, house” party. Invite your closest friends and family to celebrate at your old place one last time. There’s no need to clean up — partying amid the moving boxes is totally acceptable. If you can, have music playing for ambience, and ask friends to bring paper plates and takeout snacks. And if you’ve made friends of some of the neighbors, don’t forget to invite them, too.
Toast your old home. Raise a glass of champagne or cider, and toast your old house before you go. If one toast doesn’t seem like enough, invite friends and family to share stories about things that happened at this house, and end each story with a hearty “To the house!”
Saying Hello to Your New Home
Freshen up. Moving into a new house can be an unsettling experience. Nothing looks, feels or even smells the same. Start things out on the right foot by giving the new place a quick refreshing with good-smelling organic cleaning spray in cupboards and on counters and floors. Open the windows on your first day in the new home and light a few candles in the evening.
Treat your new home to a few special goodies. They don’t need to be much, because after a big move, even the littlest pleasures will be most welcome. Think a bouquet of flowers from the grocery store, a bar of your favorite soap or a stack of fluffy new hand towels.
Host a housewarming party, no gifts required. It should be about bringing some life and love into your new space, not getting stuff, so feel free to include a friendly “no gifts, please” on the invites (or in the email). Who you invite is totally up to you — some folks enjoy inviting all of the new neighbors, open-house style; some enjoy a more tightly knit celebration with family and a few friends.
Put your stamp on the new place. Paint a wall, hang some art, order curtains — it doesn’t really matter what, just do something that makes your new place feel like you. Investing time and bringing treasures into your new house will help propel you toward feeling at home.
Living in Ponce Inlet Florida
When we first moved to Florida we rented a condo in Ponce Inlet Florida just south of Racing’s North Turn. The name of the complex was “The Towers of Ponce Inlet” which was developed by DiMucci Development which is located in Port Orange, Florida.
There are six condo buildings in a row here. The Towers of Ponce Inlet have 3 Oceanfront Pools, Jacuzzi, Fitness, Sauna, Social Room, Tennis, Underground Parking, 24 hr security, and is located on a No Drive Beach.
We rented our 2 bedroom condo from a couple from Indiana while we were building our home in Port Orange. Later, we sold that 2 br and moved into a 3 bedroom that they also owned in the same building.
Living in Ponce Inlet was simply an amazing experience for us. Every morning we would awaken to some of the most beautiful sunrises over the Atlantic Ocean. There is nothing like having your morning cup of coffee while staring at the ocean, except maybe having all of your meals on your balcony. LOL. (Since Mike does all of the cooking, Peggy used to call it Mike’s Oceanfront Diner)
Being on a no drive section of the beach made living in Ponce Inlet very relaxing. Spending the weekends soaking up the sun was a great way to unwind after spending the week selling oceanfront condos in Daytona Beach Shores. It was a toss up though as far as relaxation goes. The oceanfront pools were a great way to cool off from the hot Florida sun.
We sometimes regretted moving away from the ocean into a single family home. The maintenance free lifestyle was pretty awesome.
If you would like for use to send you a current list of condos for sale in Ponce Inlet – give us a call at (386)506-8848. We will email that list out right away.
How Many Properties Do You Need To Own To Retire in Florida: An Investors Guide
Do you have a goal to retire in Florida? Not too long ago I made the decision to retire in Florida (It was after moving back to the Chicago area for about 6 months) so I sat down and mapped out a plan that was designed to help me achieve this goal. I want to share this goal with you here. (Share this plan with your friends by utilizing the social media buttons above)
I first decided I wanted to get into real estate investment back in 1985 (only 3 years out of high school) after reading Financial Genius by Mark O. Haroldsen. From thereon, I was determined to become more erudite in the field of real estate. Since then, I have more than three decades experience in real estate analysis, financial modeling, mortgage banking, due diligence, real estate fund management, construction management and real estate brokerage. You may download my online resume here at HireMikeLinton.com.
After reviewing my resume, you can concur that I am qualified to assist you in your retirement aspirations here in Florida.
So back to the original question; How Many Properties Do You Need To Own To Retire in Florida?
The answer is …. it depends.
It really depends on your lifestyle. Do you want to retire with just your basic needs being met or do you wish to travel, play and enjoy the finer things in your golden years. But be careful not to become house poor.
My wife Peggy and I always tell our customers that we do not want to run into our customers at the grocery store buying ramen noodles while we are buying steak. Be careful not to over-extend yourself with debt. I got into trouble back in 2006. I should have exuded the wisdom of Proverbs 22:7 which simply states the borrower is slave to the lender.
Deciding on the number of properties to own also depends on your investing strategy. Today my strategy is much different that 2006. Back then it was about flipping properties. Investors were more like day traders in the stock market. I saw investors flipping condos in Daytona Beach and walking away with more than $80,000 after owning the property for about 10 minutes. This strategy worked well until the credit crunch and the financial meltdown of 2008. My strategy today is buy and hold, paying off properties and owning them free and clear. My sub-strategy is to think like a banker. My goal is to have 2 Million in assets working for me.
Give me a call and we will figure out a plan that works for you.
What Can Owning Rental Properties Provide You With?
Owning rental properties can provide you with:
- Cash Flow
- Fantastic Returns
- Tax Advantages
Increasing the Earning Power of Real Estate Investments with a 1031 Exchange
I wrote an article previously about increasing the earning power of real estate investments with a 1031 exchange, but let me summarize here.
What is a 1031 Exchange?
When completing a 1031 exchange, an investor can increase their portfolio of wealth.
The real estate investor can change the type of investment property. Maybe you want to change your investment from single family to commercial properties.
About Linton Global Real Estate Investing
Investing in high quality real estate is easy with the Linton Global Real Estate Team. We utilize the Mega Team expansion system that has allowed us to build a central processing hub located in our home base in Florida, while utilizing partner networks under the team brand, Linton Global. Currently we service the cities and suburbs of Orlando Florida, Daytona Beach Florida, and Miami Florida.
While the concept Mega Agent Expansion may just be entering the minds of many agents, Keller Williams is home to a growing group of mega agents who are already experiencing enormous success through expanding their businesses into multiple markets. –
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Florida Investor Homes … This means that if you need to buy a home today, you probably want us to call you every time a new listing becomes available.
Is Retiring in Florida all it is Cracked Up to Be?
Now that baby boomers are reaching retirement age, Florida is being deluged by a new wave of retired residents. There are many benefits to living in Florida.
|If you decide to move here for retirement some of the key factors will be what part of the state will you live in?|
It is also a lot of fun to be with your peers and to be able to enjoy a lively retirement. If you are concerned about moving away from your family, rest assured that they will be eager to come and visit in the winter.
A Walk Along The Beach in Ponce Inlet Florida
Living in Florida, we try to make everyday an awesome day. When we lived in Illinois, it was so dreary with gray skies 9 months out of the year so everyday feels like a vacation day when you live close to the ocean.
We are lucky enough (and blessed) to have a business that allows us to have flexible schedules so we can take advantage of days like this. As you can see from these pictures the skies are very blue and the waves are semi-calm here in Ponce Inlet.
Living in Florida, we try to make everyday an awesome day.
This Florida lifestyle is the reason why Peggy and I use the tagline “Living, Working, and Playing along the World’s Most Famous Beach ….. Daytona Beach.”
Are you interested in making walks on the beach a part of your lifestyle? We can help you find a condo here in Ponce Inlet on the beach or if a single family home is more your style, we would love to help you out. You can reach us at (386)506-8848. We can set you up to receive listing alerts via email.
Thank you for taking the time to read about our walk along the beach ….
Short Slideshow of our walk along the beach in Ponce Inlet Florida
Music by Dan-O at DanoSongs.com
Ponce Inlet Florida is Located Just South of Daytona Beach
Fun Day at Racing’s North Turn in Ponce Inlet, Florida
This is a fun little restaurant and bar and it sits right on the beach just south of Daytona Beach. This little stretch of sand has an incredible history. You see, racing history began on this very stretch of beach back around 1936. This is where they used to race automobiles in Daytona Beach and this now famous restaurant sits right where the north turn of the track was.
Racing’s North Turn has always been one of our favorite places to eat since we lived in the condominiums just south of the restaurant while our home was being built in Port Orange. We used to sit out on the balcony and listen to the live entertainment out on their patio bar.
One of my favorite sandwiches on the menu is the Monte Cristo, which I almost always order when I visit. Their burgers are also very good. Their menu also has a wide variety of appetizers, seafood snacks, soups, salads, pasta, beef, sandwiches and wraps.
Today, Peggy ordered their fish sandwich and I had one of their cheeseburgers (Cheeseburger in paradise is now playing in my head …. lol)
Direct Oceanfront Patio at Racing’s North Turn
One of the things we love about eating here is the patio is direct oceanfront. There is something about listening to the ocean while enjoying your meal.
Being located in central Florida, it gets extremely hot in the summer, but no worries, their patio tables all have umbrellas.
The Towers of Ponce Inlet Florida Built By Dimucci Development Just South Of Racing’s North Turn
While enjoying our food, the sound of the waves, and the smell of the salty air, I couldn’t help but enjoy looking at the condominium tower that we used to live in. It is the first building just south of the restaurant (on the second floor). The building was built by DiMucci Development back in the mid 1990’s. We rented it from some of the nicest people from Indiana. One of the things I loved was this complex has 3 oceanfront swimming pools.
Mike and Peggy Linton – Living The Florida Lifestyle
If you are interested in living the Florida Lifestyle, Give us a call at (386)506-8848
Fun Day at Racing’s North Turn in Ponce Inlet, Florida
What Do Condo HOA Fees Usually Include?
A home owner’s association is a group of local residents that work together to plan neighborhood functions, amenity and communal space upkeep, and amend and enforce condo rules in an effort to maintain the values of all condos in the building.
If your building has a pool or workout facility, then your HOA dues will go towards the maintenance of those and any other amenities the building has to offer, as well as the staff required to oversee or assist during working hours.
Master Insurance Policy
It is important to know that most condo owners are responsible for insuring their personal property and maintaining the space inside the condo, but the HOA fee will cover a master insurance policy for the building.
This will include coverage for storm damage, leaking roofs, and liability around the property. Nontraditional Condo HOA Fees With the broad range of condos and buildings available to purchase, you will also run across some HOA fees and situations that are atypical, but worth asking questions about. Condotels – This type of condo is a mix of a hotel and condo, which can commonly be found in popular travel spots along the coast and in big cities.
The last thing you want to do is buy a condo and find out that a special assessment of several thousand dollars is due. Always do your research and work with a knowledgeable Realtor when making your condo purchase, so that you know exactly what is covered in the specific condo HOA fees for that building.
Daytona Beach Florida Homes
Call Mike and Peggy Linton for Daytona Beach Florida Homes (386)506-8848
Whether you are looking for an affordable condo or a luxury villa, Daytona Beach has it. A number of very reasons make Daytona Beach a very attractive option for people looking for a new home.
The wide range of fun activities and destinations in and around the area ensure endless hours of family bonding including golf, deep sea fishing, parasailing, park and recreations sites, and museums.
With a Daytona Beach home, you have definitely arrived.For adults looking for a place to retire, Daytona Beach is a perfect spot, with its numerous entertainment and dining destination such as first class restaurants, boutiques, nightclubs, art galleries among others.
$2,300/mo, 3Bd/3Ba Condo, 2475 sqft.
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