Entries by KarenKohler

Five County Real Estate Continues to Boom

June 2021 was another booming month compared to June 2020 for the Five County area. Dollar volume more than doubled, number of sales were up 50% plus, the average price was up over 25% and the median price was up 25%. This all happened as listing counts rose 50% and days on the market were […]

Home Prices in Naples Climb in May

Homes in the Naples area were being sold at 99.1 percent of the list price in May. A tight inventory and buyer demand continued to push prices upward in May, which resulted in an overall median closed price increase of 29.4 percent to $433,500 from $335,000 in May 2020, according to the May 2021 Market […]

Above and Beyond Customer Service – June

A client was in need of a notary. Florida requires two witnesses and we only had one person in the office at the time he was arriving. Knowing we would need another person for the signing, Raven from our Traverse City office ran over to Lake Michigan Credit Union located in our building and lined […]

A Refresher on FIRPTA:

A disposition of real property by a foreign person is subject to the Foreign Investment in Real Property Tax Act of 1908 (FIRPTA) income tax withholding. The tax-withholding requirements under FIRPTA are designed to ensure that foreign sellers pay taxes. A Buyer should always make sure to confirm whether the seller is a foreign person […]