Thursday, June 7, 2018 / by Carl Gentile
Did Tax Reform Kill the Luxury Market? Not so Far!
The new tax code limits the deduction of state and local property taxes, as well as income or sales taxes, to a total of $10,000. When the tax reform legislation was put into law at the beginning of the year, some experts felt that it could have a negative impact on the luxury housing market.
“The impact on expensive homes could be detrimental, with a limit on the MID raising taxes for those that itemize.”
Mark Zandi of Moody’s Analytics:
“The impact on house prices is much greater for higher-priced homes, especially in parts of the country where incomes are higher and there are thus a disproportionate number of itemizers, and where homeowners have big mortgages and property tax bills.”
The National Association of Realtors (NAR) predicted price declines in “high cost, higher tax areas” because of the tax changes. They forecasted ...
Monday, March 19, 2018 / by Carl Gentile
Dreaming of a Luxury Home? Now's the Time
If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control.
The inventory of homes for sale in the luxury market far exceeds the number of people searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer or can be found at a discount.
Those who have a starter or trade-up home to sell will find buyers competing, and often entering bidding wars, to be able to call their house their new home.
The sale of your starter or trade-up house will help you come up with a larger down payment for your new luxury home. Even a 5% down payment on a million-dollar home is $50,000.
But not all who are buying luxury properties have a home to s ...
Monday, February 19, 2018 / by Carl Gentile
There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.
As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical Steps to Getting Rich”:
“While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone else rich.”
Christina Boyle, Senior Vice President and head of the Single-Family Sales & Relationship Management organization at Freddie Mac, explains another benefit of securing a mortgag ...
Tuesday, January 16, 2018 / by Carl Gentile
Take A Tour Through One of the Palm Beaches Most Luxurious New Condominiums
South Florida Luxury Residences
With each new day 5000 North Ocean delivers a refreshing new perspective. Wake up to the sun rising over the horizon and the waves rolling onto the pristine sands of Singer Island. Rising 19 floors above the Atlantic Ocean and the Intracoastal Waterway, Kolter's iconic 5000 North Ocean luxury condos enjoy over 340 feet of direct South Florida oceanfront.
View Homes like this and more from My Palm Beach Home Finder presented by Carl Gentile and Associates - contact us directly for more details at email@example.com or by phone at 561.316.3559
Wednesday, December 13, 2017 / by Carl Gentile
We are proud to announce our team lead and president at Gentile & Associates at eXp Realty was recently chosen and featured in Top Agent Magazine
In a short period of time, Carl has grown to becoming one of the top real estate professionals in all of Palm Beach County ranked in the top 3% of realtors nationwide. Through a deep understanding of the real estate market both locally and nationally and a work ethic that is unrivaled by many, Carl has led his team to the top of the market.
Contact Carl Gentile at firstname.lastname@example.org or feel free to call or text him directly at 561.316.3559. You can follow Carl Gentile on Linkedin or Facebook at @Carl.R.Gentile