How does an escalation clause work?

What is an escalation clause?

An escalation clause is something in real estate that can come in handy at times. Especially when we are dealing with multiple offers and offers that are above asking price. These are used when you offer on a home for example at $100,000 but you’re willing to go up to $115,000. We put in the contract that we are offering $100,000 but are willing to pay $1000 over the highest offer up to $115,000. The listing agent will have to provide us with the highest offer to show us that, in fact, our escalation clause will come into play.

But what do I do if the agent/seller won’t accept an escalation clause? Well, at that point we have to bring our highest and best offer for what we can do. We have multiple tricks we can do to make our offers more appealing. We can help and make it happen!

Thank you,

L+ H Homes, ERA Great American Realty

“Your Realtors That Care!”

Lakefront Living for Everyone

Lakefront living is a dream for many people . The tranquility of being on the water and the opportunity to enjoy water sports on a daily basis are very appealing amenities for some buyers. The problem is that lifestyle is often out of their budget.

In Central Florida, we have several lakes to chose from when buyers say that lakefront is the way they want to go. What those same buyers don’t often realize is that lakefront real estate is very expensive not only to purchase but often to carry on a monthly basis. The annual flood insurance, home owners insurance and dock maintenance can really add up. Over the course of my career, I’ve sold lakefront property all the way up to $3,500,000. That’s not a realistic price range for most buyers especially ones planning to use the property as a vacation or seasonal home.

Communities like Bellalago situated on Lake Tohopekaliga in Kissimmee, FL are a perfect match for buyers who want lakefront amenities at a lower purchase price. Buyers can purchase a home with a dock or save the extra monthly carrying costs and purchase a home without one and use the private community boat launch. Bellalago offers residents a ton of amenities: a manned guard gate, boat launch, fishing pier, cable included, resort style pool with water slide & spa, fitness center, tennis courts, dog park and 24 hour security.

3553 Sunset Isles is a fantastic option for buyers. Its custom upgrades make it move in ready, the 3 car garage is perfect for storing water toys, and its list price of $299,000 make it an affordable option.   You can stop by this weekend and see Keith Renner during the Open House on Saturday (April 27th) & Sunday (April 28th) from 1-4 PM or call 321-697-8230 for more details.

Why Become a Florida Resident

Of course, the weather is the original draw to people from other parts of the world. I mean it’s a high of 80 degrees here today in February. What’s not to love?!?! But there are also many financial benefits to living in FL that would make your decision to move to the Sunshine State even more attractive.

First and foremost Florida has NO STATE INCOME TAX!!! We are one of very few US states that can boast this. Moving to Florida from a state like New York can save someone in a high-income tax bracket many thousands of dollars in taxes. This prohibition against collecting an individual income tax is part of the Florida Constitution, so Florida won’t be imposing a state individual income tax anytime soon. A constitutional amendment would be required to change this provision. The state’s constitution also prevents counties and municipalities from imposing any sort of income tax at local levels.

As a Florida resident you also get two property tax benefits if you declare your FL property as your primary “homestead” residence. First, you’ll receive an exemption for the first $50,000 of your home’s value for property tax purposes, except for school district taxes which only receive a $25,000 exemption. There’s also the Florida “Save Our Homes” cap on annual assessments. The cap is set at 3 percent or the change in the consumer price index (CPI), whichever is less. This means that the assessed value of your homestead for property tax purposes can’t increase on annual basis by more than the change in the CPI or 3 percent if the change in the CPI is more than 3 percent. For example, the change in the CPI is 2.9 percent in 2018, so the 2018 assessed value of a homestead residence can’t increase by more than this. It’s less than the 3 percent cap. The change in the CPI was 4.1 percent in 2008, but the increase was limited to 3 percent because this was less. It you plan to own your home for several years, this can be a huge savings.

Now seems like the perfect time to explore Florida homeownership.  You know right before Snowpocalypse hits over the weekend.  Call us today at 321-697-8230 to get started!!!

Weather Map for Today, February 26, 2019  

 

 

 

 

 

 

 

 

 

 

 

Spectacular Balconies

Balconies are often the setting of our most cherished moments, from barbecuing with friends and family on a sunny afternoon to watching the sun set while sipping on a glass of wine with your better half.

Presented by Partners Trust

A Private Penthouse with Skyline Views

This private penthouse located in Los Angeles’ Fashion District features an expansive outdoor terrace with unobstructed views of the downtown skyline and the mountains. Accessible from the kitchen and the second bedroom, it’s the perfect spot for entertaining.

Presented by Red Oak Realty

An Art Lover’s Sanctuary

With tall ceilings and gallery lighting, this gem in Claremont Hills is the perfect sanctuary for art lovers to display their collection. But guests may be a little preoccupied enjoying the views of the Bay from their private deck, there’s one in each of the four bedrooms.

Presented by Ray & Poynor Properties

A Southern Manor

This custom home built exclusively from stone and brick creates an ambiance that is both unique and Southern. Enjoy views of the beautifully landscaped backyard and koi pond from one of two vantage points: the covered stone floor deck on the second floor or the slate patio directly underneath it with an outdoor fireplace.

Article originally appeared on LeverageRE.com

Secluded Sanctuaries

A home is a sanctuary, a place to escape to at the end of a long journey or tiresome day.

These secluded sanctuaries offer a retreat and reprieve from the chaos of the outside world. From a sprawling desert acreage to a beachfront villa, they both only have nature as their neighbor.

Presented by Plantación Properties

Tranquil Villa in the Jungle

Located on 500 feet of beachfront on the Pacific Ocean in Drake Bay, one of the more isolated areas of Osa Peninsula, this contemporary villa is the embodiment of luxury in paradise.

Presented by Red Oak Realty

Tuscan Villa on Top of the World

This Tuscan-style villa sits on over an acre of rustic California countryside. Pour a glass of your favorite vintage as you enjoy the views of Mount Diablo on the private deck in the master suite.

Presented by First Hampton International Realty

Waterfront in West Hampton Dunes

Nestled in a quiet area of West Hampton Dunes, this three-story waterfront residence sits on 1.5 acres and offers spectacular views of Sunset Bay in almost every room.

Article originally appeared on LeverageRE.com

Best… For a Million or Less

Who says luxury can’t come with a decent price tag? Check out these fabulous properties available now from our Leverage Partners — the best for a million or less.

A Capacious Retreat

Presented by Accel Realty Partners

Eagle, Idaho | $995,000

This residence is perfectly suited for a large family or home business with 2,012 sq. ft. of separate living space that can be used for anything, from a playroom to an office to additional vehicle parking. Sitting atop picturesque acreage with immaculate landscaping, the home is filled with high-end amenities including travertine and marble floors, Viking appliances, and gorgeous bay windows.

The Contemporary Ranch

Presented by Executive Real Estate

East Windsor, Connecticut | $949,000

This custom built, ranch-style property embodies the “casual luxury” lifestyle. Secluded at the tip of a cul-de-sac, enjoy uninterrupted views of the surrounding New England greenery while not being too far away from the rest of the world—the Topstone Golf Course is just a stone’s throw away. Or stay in and take a dip in the heated pool.

A Timeless Condo

Presented by dunes properties

Mount Pleasant, South Carolina | $949,000

Located minutes from Charleston, this condo is the perfect blend of modern design and timeless charm. Take in the views of the river from your private deck and balcony before retiring to the master suite and bath featuring Waterworks fixtures and Carrera marble counters. The guest suite is located at the opposite end of the 1,800 sq. ft. condo offering privacy with plenty of room for entertaining.

Article originally appeared on LeverageRE.com

Visit our Website in a NEW, Easy Way

With the newest Apple iOS update, visiting our website is easier than ever. Follow these quick and easy steps to save our direct web address to your iPhone’s home page.

Start by visiting NectarRealEstate.com on your device’s browser.

Click on the arrow located in the middle of the bottom menu.

After clicking, you should see this menu:

Choose ‘Add to Home Screen’.

By choosing ‘Add to Home Screen’, you will open the option to save the link. Click ‘Add’.

Once this action is complete, NectarRealEstate.com will become available as an icon on your home screen. You can now easily search our listed homes, any day, any time.

Visit our Website in a NEW, Easy Way

With the newest Apple iOS update, visiting our website is easier than ever. Follow these quick and easy steps to save our direct web address to your iPhone’s home page.

Start by visiting NectarRealEstate.com on your device’s browser.

Click on the arrow located in the middle of the bottom menu.

After clicking, you should see this menu:

Choose ‘Add to Home Screen’.

By choosing ‘Add to Home Screen’, you will open the option to save the link. Click ‘Add’.

Once this action is complete, NectarRealEstate.com will become available as an icon on your home screen. You can now easily search our listed homes, any day, any time.

Tips for Owning a Vacation Home

The dream of owning a second home is something many people seek to make a reality. But adding another property into the mix can come with a lofty set of responsibilities. If you want to make the most of your investment, but still reap the rewards of your own personal vacation spot, there are a number of things to consider.

1) Where in the world? 

Perhaps the first question to ask yourself is where you’d like to vacation on a regular basis. Did you grow up going to a particular lake, beach, or mountain retreat where you’d like to foster more memories with a more permanent domain? Or perhaps you’ve found you keep coming back to a certain place that has captured a certain place in your heart, drawing you back when you find the urge to escape. If such a place exists for you, then you can cross general location off your list of places to search for your second home.

2) Digging Deeper

While it’s true you may have located the general area for your vacation home, you may want to scope the landscape for general living amenities. Do you like to cook on vacation? If so, are there ample shopping options like farmers markets for fresh produce and well appointed grocery stores for the ingredients you’ll want for cooking?

Not into cooking on your time off? Does the area you’ve chosen have a good selection of restaurants locally and in nearby towns? Don’t box yourself in if you know dining out is a key part of your vacationing enjoyment.

Beyond that it’s good to know if your vacation escape has good options for shopping, entertainment and recreational outlets like skiing, bike or boat rentals, or fishing outfitters.

3) Touristy or secluded? 

Is the property you’re considering in a hot vacation market? Are there frequent visitors to the area throughout the year or just during seasonal times for winter skiing or summer beach combing? More importantly, do you want it to be? Often times, people enjoy the daily flourish of activity surrounding a certain vacation area. But others may prefer a more quiet, secluded environment. Before you make your investment, be sure you’re clear about what you really want during your vacation time. This way your expectations are set, and hopefully met, each time you visit.

4) Private or Shared? 

If you’re looking for a second home in hotter real estate markets, you may want to consider using it as a rental property during times you’re not using it. It may be able to help supplement your mortgage with the rent income you receive from guests. These days there are plenty of rental management companies that help to do all the work for you, from online sites like HomeAway.com that manages the rental listing, to local companies that help clean and maintain the property when you’re not around.

5) Friends and Family? 

Perhaps you opt to keep your second home off the rental market, are there friends or family members you’re considering sharing in the investment? Often times a family vacation home is something that brings people closer together, building lasting memories for holidays and special occasions. Not to mention the fact that sharing the responsibility can help offset financial constraints. But it’s always good to have a long discussion with friends or family members about expectations for how the home will be used and how time will be managed for individual visits. Will you allow other friends to use the home? Are there particular house rules you should put in place such as allowing pets or young children? As potentially awkward is it could be, make sure you have all details hammered out and reviewed by an attorney before entering into a financial obligation with someone else.

6) Consider the Living Space

When looking for just the right house, be mindful of the ideal layout you’d like to have. Do you plan to host large groups of people like family and friends? If so, you may want to consider an open plan that allows people to mix and mingle freely throughout the living space. It may also help to have a separate game or family room for younger ones to enjoy themselves when adults have the main area.

Opulent Telluride Penthouse

7) Keep a Pantry Inventory

You shouldn’t have to buy groceries every time you visit your home. At least not the shelf-stable basics like rice and beans. Keep a running inventory of necessities you have on hand and make a list of what you need to buy for your next visit before you leave. If there are other friends of family using the home while you’re away, make sure there’s an obvious place-such as a dry erase board on the refrigerator-for people to leave notes about needed items. Also be sure guests know what’s appropriate to use and not use when you’re not there.

8) A Well Stocked Kitchen

Cooking at a second home should be just as convenient as it is at your primary home. Not only should you have all of the common utensils, appliances and service-ware you’d need for a fully functional kitchen, but take stock of everything once a year to keep an eye on items that may have broken or have been lost from entertaining and hosting other friends and family.

9) Find Ways To Host More

Often times a vacation home becomes a place you want to share with many other friends and family, especially during holiday and popular vacation times. Be sure to maximize the amount of sleeping space you have. Invest in bunk beds and twin beds for younger guests. And pullout couches can always be a good option for last minute sleepovers. But while it’s important to have a comfortable space for others to sleep, it’s also good to try to keep space for privacy in mind as well. Do you have plenty of bathrooms to open your doors to more people? Would adding a couple of outdoor showers help for bathing kids and post- pool or beach activity? Do you have plenty of towels and toilet paper on hand? The key to great vacation hosting is making sure you never come up short in making others comfortable.

10) Appealing Outdoor Living

Whether you’re opting for a beachside home or a mountain winter wonderland, don’t overlook the importance of outdoor entertaining. Whether hosting guests of Tyour own or letting renters use the grill, it’s a good idea to make the outdoor area inviting and functional. Dining and seating areas are key as well as a well-defined outdoor cooking space. A patio hot tub, porch swings or hammocks are all great features for added outdoor pleasure.

 

 

Photos courtesy of LeverageRE.com  and Pinterest

Article originally appeared on LeverageRE.com

Tips for Owning a Vacation Home

The dream of owning a second home is something many people seek to make a reality. But adding another property into the mix can come with a lofty set of responsibilities. If you want to make the most of your investment, but still reap the rewards of your own personal vacation spot, there are a number of things to consider.

1) Where in the world? 

Perhaps the first question to ask yourself is where you’d like to vacation on a regular basis. Did you grow up going to a particular lake, beach, or mountain retreat where you’d like to foster more memories with a more permanent domain? Or perhaps you’ve found you keep coming back to a certain place that has captured a certain place in your heart, drawing you back when you find the urge to escape. If such a place exists for you, then you can cross general location off your list of places to search for your second home.

2) Digging Deeper

While it’s true you may have located the general area for your vacation home, you may want to scope the landscape for general living amenities. Do you like to cook on vacation? If so, are there ample shopping options like farmers markets for fresh produce and well appointed grocery stores for the ingredients you’ll want for cooking?

Not into cooking on your time off? Does the area you’ve chosen have a good selection of restaurants locally and in nearby towns? Don’t box yourself in if you know dining out is a key part of your vacationing enjoyment.

Beyond that it’s good to know if your vacation escape has good options for shopping, entertainment and recreational outlets like skiing, bike or boat rentals, or fishing outfitters.

3) Touristy or secluded? 

Is the property you’re considering in a hot vacation market? Are there frequent visitors to the area throughout the year or just during seasonal times for winter skiing or summer beach combing? More importantly, do you want it to be? Often times, people enjoy the daily flourish of activity surrounding a certain vacation area. But others may prefer a more quiet, secluded environment. Before you make your investment, be sure you’re clear about what you really want during your vacation time. This way your expectations are set, and hopefully met, each time you visit.

4) Private or Shared? 

If you’re looking for a second home in hotter real estate markets, you may want to consider using it as a rental property during times you’re not using it. It may be able to help supplement your mortgage with the rent income you receive from guests. These days there are plenty of rental management companies that help to do all the work for you, from online sites like HomeAway.com that manages the rental listing, to local companies that help clean and maintain the property when you’re not around.

5) Friends and Family? 

Perhaps you opt to keep your second home off the rental market, are there friends or family members you’re considering sharing in the investment? Often times a family vacation home is something that brings people closer together, building lasting memories for holidays and special occasions. Not to mention the fact that sharing the responsibility can help offset financial constraints. But it’s always good to have a long discussion with friends or family members about expectations for how the home will be used and how time will be managed for individual visits. Will you allow other friends to use the home? Are there particular house rules you should put in place such as allowing pets or young children? As potentially awkward is it could be, make sure you have all details hammered out and reviewed by an attorney before entering into a financial obligation with someone else.

6) Consider the Living Space

When looking for just the right house, be mindful of the ideal layout you’d like to have. Do you plan to host large groups of people like family and friends? If so, you may want to consider an open plan that allows people to mix and mingle freely throughout the living space. It may also help to have a separate game or family room for younger ones to enjoy themselves when adults have the main area.

Opulent Telluride Penthouse

7) Keep a Pantry Inventory

You shouldn’t have to buy groceries every time you visit your home. At least not the shelf-stable basics like rice and beans. Keep a running inventory of necessities you have on hand and make a list of what you need to buy for your next visit before you leave. If there are other friends of family using the home while you’re away, make sure there’s an obvious place-such as a dry erase board on the refrigerator-for people to leave notes about needed items. Also be sure guests know what’s appropriate to use and not use when you’re not there.

8) A Well Stocked Kitchen

Cooking at a second home should be just as convenient as it is at your primary home. Not only should you have all of the common utensils, appliances and service-ware you’d need for a fully functional kitchen, but take stock of everything once a year to keep an eye on items that may have broken or have been lost from entertaining and hosting other friends and family.

9) Find Ways To Host More

Often times a vacation home becomes a place you want to share with many other friends and family, especially during holiday and popular vacation times. Be sure to maximize the amount of sleeping space you have. Invest in bunk beds and twin beds for younger guests. And pullout couches can always be a good option for last minute sleepovers. But while it’s important to have a comfortable space for others to sleep, it’s also good to try to keep space for privacy in mind as well. Do you have plenty of bathrooms to open your doors to more people? Would adding a couple of outdoor showers help for bathing kids and post- pool or beach activity? Do you have plenty of towels and toilet paper on hand? The key to great vacation hosting is making sure you never come up short in making others comfortable.

10) Appealing Outdoor Living

Whether you’re opting for a beachside home or a mountain winter wonderland, don’t overlook the importance of outdoor entertaining. Whether hosting guests of Tyour own or letting renters use the grill, it’s a good idea to make the outdoor area inviting and functional. Dining and seating areas are key as well as a well-defined outdoor cooking space. A patio hot tub, porch swings or hammocks are all great features for added outdoor pleasure.

 

 

Photos courtesy of LeverageRE.com  and Pinterest

Article originally appeared on LeverageRE.com