South Tampa Real Estate Report

May 1

South Tampa Real Estate Market Report | 10/04/20 - 10/10/20

For those of you on the fence about buying a new home this year, let me provide you with one very compelling reason to get moving....the "Save Our Homes" amendment to the Florida constitution aka the homestead exemption. If you purchase and reside in your primary residence on or before December 31, 2020, you'll be eligible to claim the homestead exemption for the year 2021. In a rising market like we're in right now, the sooner you can homestead a property the better. Proper timing of a purchase could save you thousands in property taxes over the years. Contact me for more details. If you're considering refinancing, I've got two reasons for you to start the process now: 1) rates are ridiculously low; and 2) Fannie Mae and Freddie Mac are planning on implementing a .5% penalty on mortgage refinances starting December 1, 2020. Stay safe and have a great week!

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South Tampa Real Estate