TALLAHASSEE, Fla. – Aug. 15, 2017 – Florida Realtors, the state’s largest professional trade association, officially kicked off its campaign to pass Amendment 2, which gives voters the chance to make a 10 percent cap on annual non-homestead property tax increases permanent. It will appear on the 2018 general election ballot.

Prior to the 10 percent cap, if the value of a business owner’s property increased significantly compared to the previous year, they could see their property tax bill skyrocket. Owners of investment homes also faced steep property tax hikes, which could be passed along to tenants in the form of higher rents.

“Amendment 2 really is good for everybody because if the non-homestead tax cap expires in 2019, every Floridian will be negatively impacted in some way,” says Florida Realtors President Maria Wells. “Whether it’s a business having to increase the cost of their goods and services or tenants having their rent go up a significant amount, communities across the state will suffer.”

Florida Realtors, along with its coalition partners, is planning a comprehensive, direct-to-voter campaign over the next 14 months. The campaign theme, “Everybody is for Amendment 2, because Amendment 2 is for Everybody” signifies the importance the measure holds for every citizen of the state.

“In the current age of partisanship, it’s often difficult to find an issue that people with different viewpoints can agree on, but with Amendment 2 we did just that,” says Carrie O’Rourke, vice president of public policy for Florida Realtors. “The Florida Senate passed it unanimously, and the House was right behind them with 97 percent voting in favor of the referendum. That level of bipartisanship speaks volumes for the widespread benefits Amendment 2 offers.”

http://everybodyisfor2.com/map/

The 10 percent cap on non-homestead properties was part of the Save Our Homes portability constitutional amendment voters approved in 2008. The 10 percent cap portion of the amendment sunsets on Jan. 1, 2019.

The kick-off includes the launch of the campaign’s website, www.EverybodyIsFor2.com, which features a video outlining the benefits of the amendment.

Amendment 2 Will Impact Properties All Across Florida

Estimated Properties Affected: 5,074,149, See how your area would be affected!

© 2017 Florida Realtors

 

What a great opportunity to make business connections in the Bordeaux region of France while enjoying the beautiful landscape, food, wine and, of course, the graciousness of the people!

If you are interested in being of part of this adventure, you must act quickly-the deadline for reserving your place on a trip of lifetime is AUGUST 30th. 

 

Please contact Marina for more information.

 

 

 

WASHINGTON – Aug. 1, 2017 – Fannie Mae, the large quasi-government agency that sets the guidelines for lenders selling their home loans on the secondary mortgage market, is adopting some new procedures that should make it easier for many borrowers with student debt, and those who cosigned for them, qualify for a home loan. Large student debt is one of the barriers for many young people trying to qualify for a mortgage.

Beginning immediately, Fannie Mae is expanding cash-out refinances that let borrowers use the lower interest rate equity in their home to pay off higher interest rate student debt. The refi program should help not just students who borrowed money for themselves, but also parents who cosigned for them. (Private student loans made by banks and other lenders typically require cosigners.)

While the cash-out refi program will enable many borrowers to trade low interest mortgage debt for higher interest student loans, the program does carry some risk. Student loans are unsecured while mortgages are secured by the home. If the borrower runs into financial difficulty, the home could be at risk.

Also, federal student loans come with protections like flexible repayment options and payment deferment if the borrower runs into financial trouble. Those protections end if the debt is refinanced into a mortgage. Private student loans, however, do not usually have those protections.

Another change allows borrowers applying for a mortgage to exclude debt being paid by others, such as credit cards and student loans being paid by parents or employers, from their application. That change will help give these borrowers a better debt-to-income ratio, some important criteria in a mortgage application, improving their chances of qualifying for a mortgage.

A third change will help borrowers with student loans on a flexible payment plan, which tie monthly payments to income. Previously, Fannie Mae required lenders to use higher monthly loan payments rather than borrowers’ lower flexible payments in determining debt-to-income. Now, lenders can use the lower payments which should help more borrowers qualify for a mortgage.

Many millions of student borrowers are on flexible payment plans. Hopefully, all of these changes will make it easier for young people to get into the housing market.

Copyright © 2017 The Enterprise, Linda Goodspeed. Goodspeed is a long-time real estate writer and author of In and Out of Darkness.

http://www.floridarealtors.org/NewsAndEvents/

Celebrating the 39th anniversary of my re-birthday! As Monty Python said, “I’m not dead yet! It’s just a flesh wound!” August 6th, 1978. Believe it or not, there was a full body cast under that dress. I weighed about 85 pounds & I’m 5’6″. So very glad to still be here and for all my family & friends & various adventures all the way.

Carlos Fuentes

Pinellas International Council is proud to announce the return of Carlos Fuentes to teach the one day course of Europe & International Real Estate. This course counts as an elective toward the Certified International Property Specialist (CIPS) designation. It introduces real estate professionals to the basic skills and knowledge necessary to facilitate international transactions with European clients, and is designed to benefit both experienced international professionals as well as those just getting started.

On Wednesday, August 23, Carlos Fuentes, a real estate instructor for Florida Realtors and NAR, returns to teach this elective course for the Pinellas International Council.  Mr. Fuentes has over 27 years of experience in commercial real estate and holds both the CCIM and CIPS designations.  He has worked with investors around the world, holds extensive 1031 transactions experience and has served NAR in many posts, including Regional Coordinator for North, Central American and the Caribbean, Executive Committee Liaison to Global, Resort and Second Home Real Estate Group, and is a past My Florida Regional MLS President. It is our great pleasure to host Mr. Fuentes for a second time this year as he teaches another CIPS course at Pinellas Realtor Organization (PRO).

Those who take this elective course towards earning their CIPS designation will be able to:

  • Discuss the social, economic, political, and geographical characteristics of major European countries.
  • Discuss the history, purpose, and economic impact of the European Union. • Identify important characteristics of certain European real estate markets including influential laws, business culture attributes and real estate/ brokerage practices.
  • Assess opportunities in certain European markets by evaluating significant investment patterns, investor profiles and real estate activity.
  • Identify ways to develop a business network and start or enhance an international practice with European clients or properties.

SCHEDULE:
8:00 a.m. to 8:30 a.m.: Sign-in, networking, and breakfast
8:30 a.m. to 5:00 p.m.: Course
*Light breakfast and lunch will be provided.
**Seating is limited and registration is required.**

To register, please go to Pinellas Realtor Organization website:

http://pinellasrealtor.org/education-and-events-calendar/

REGISTRATION:
PRO Members ($95):
Click here to register.

Non-PRO Members ($95):
Click here to register.

Or Contact: Jan Dean
Email: JDean@tampabayrealtor.com
Phone: 727-216-3004

For further information about requirements for earning the CIPS designation, go to https://www.nar.rrealtor/designationl-and-certifications/cips-designation

Image may contain: 3 people, people smiling     PIC logo

 

Annalisa Weller, Realtor®, Certified International Property Specialist

(727) 804-6566
AnnalisaWeller1@gmail.com

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