IRS Offers Relief To Hurricane Irma Victims

The Internal Revenue Service (IRS) offered a rundown of key tax relief available to victims of Hurricanes Harvey, Irma and Maria. In general, the IRS relief to individuals and businesses applies anywhere in Florida, Georgia, Puerto Rico and the Virgin Islands, as well as parts of Texas. Because the relief postpones various tax deadlines, individuals […]

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Hurricane Irma Wind Damage In Florida Estimated To Be Almost $20 Billion; Insurance Expected To Pay $6 Billion

It will be years before the true cost of Hurricane Irma is clear, but a team of Florida International University (FIU) researchers estimates that the storm’s winds alone will set the Sunshine State back $19.4 billion. Of that total, FIU’s researchers said, $6.3 billion of the bill goes to insurance companies, leaving homeowners to shoulder […]

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Study Finds Fort Myers-Cape Coral Metro Area 5th Best In Florida For Home Flipping

More than 126,000 U.S. homes were flipped last year – the highest rate since 2007, according to a study by WalletHub. The average gross profit on a single home flip? Nearly $63,000. Overall, Florida metro areas ranked in the top 25 percent for home flipping, with only cities in South Florida ranked below 50 percent. […]

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New Florida Condominium Laws Effective July 1st Affect Buyers, Sellers And Renters

There were several changes made to Chapter 718, the Florida Statute governing condominiums, and all went into effect on July 1, 2017. While not exhaustive, below is a list of July 1 changes that you may come across in real estate deals: 718.111(12)(c)(1) – A unit renter has a right to inspect and copy the […]

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Bonita Springs/Estero Realtors Report Sales Were Up 17% In May

Closed home and condominium sales handled by members of the Bonita Springs-Estero Association of Realtors (B.E.A.R.) increased 17% during May of this year from the same period one year ago. There were 225 closings during May 2017 compared to 193 in May 2016. B.E.A.R. members predominately serve the Bonita Springs-Estero area in Lee County but […]

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