Homeownership Creates Wealth

People always debate the pros and cons of owning a home. While there may be many aspects to consider, we have found a new statistic that is very important to know.

Homeownership presents a great pathway to build wealth. Among all families, the ownership of a primary residence typically accounts for 90% of total wealth, based on the 2019 Survey of Consumer Finance data. Among those in the bottom 20% of the income percentile, it’s even more: The median value of holdings for a primary residence accounts for 99% of total family assets. For top earners, however – the top 10% income bracket – it’s 42%.

Housing wealth accumulation takes time. It’s built up slowly by paying off mortgage debt and through price appreciation. And while home prices can fall, prices tend to recover and go up over the long term. As of September 2020, the median sales price of existing home sales was $311,800 – a 35% gain since July 2006 when prices peaked at $230,000.

Florida is also becoming more and more popular to homebuyers. About 1,000 people move to Florida everyday because of the appealing aspects when purchasing a home. Florida residents pay no state income or estate tax, and receive a homestead exemption of up to $50,000 on a primary residence and a 3 percent annual cap on home assessments. The state’s population has grown by about 343,000 in the last year, to about 22 million residents.

Homeowners who spend a lifetime working, raising families and paying mortgages have a greater net worth later in life. Don’t miss out on this opportunity.  

 

Check out this link for more information:

https://www.floridarealtors.org/news-media/news-articles/2020/11/homeownership-creates-wealth-even-if-thats-not-goal

November Newsletter

October has turned into November and there is still so much left to do. In our November issue of our monthly newsletter, you will find, events, featured listings, and market trends. Click the link below to check it out. Please don’t hesitate to reach out with any of your real estate needs. 

Duke Rountree
Rountree Realty Corp.
Broker / Owner
Call / Text 352-572-1739
Info@Search352Homes.com
Search352Homes.com

November Newsletter

October Newsletter

September has come to a close and it’s time to start looking forward to fall.
In our October issue of our monthly newsletter, you will find fall events, featured listings, and market trends. Click the link below to check it out.
Please don’t hesitate to get in touch with any of your real estate needs.

Duke Rountree
Rountree Realty Corp.
Broker / Owner
Call / Text 352-572-1739
Info@Search352Homes.com
Search352Homes.com

October Monthly Newsletter

We Want To Sell Your Home

Have you thought about selling your home? It can seem overwhelming and confusing at times. That’s why Rountree Realty has a step by step plan to get it done!

When you reach out to Duke Rountree with Rountree Realty Team, here is what will happen:

First Step: Consultation and CMA (Comparative Market Analysis) 

    • We will have a phone consultation and set an appointment to preview the home and property.
    • We will meet with you to learn what expectations you have for selling your home.
    • We will tour the home with seller, noting all features and improvements for our CMA.
    • We will do a CMA (Comparative Market Analysis) to evaluate the value of your home.
    • We will suggest and advise any changes beneficial in making your home marketable.

Second Step: Pricing and Marketing Preparation

    • We will schedule an in-home presentation to discuss the CMA, Pricing & Marketing Strategy.
    • We will prepare all documents (Listing Agreement, Seller Disclosure & Listing Data Entry Form).
    • We will schedule professional photos (interior, exterior and drone). 
    • We will do a 3D virtual tour of your home to show every viewpoint. 
Third Step: Marketing The Home for Sale
 
    • We will have your home posted on MLS (Multiple Listing Services).
    • We will also use Zillow, Realtor.com, Homes.com, HomeFinder.com, and 100’s of additional websites to sell your home.
    • We will showcase your home on www.search352homes.com website through our Blog, Featured Listings, and Map & Local Area Page.
    • We will mail postcards to neighboring properties.
    • We will create colorful Features & Benefits flyer (in home for buyers and sent to REALTORS) .
    • We will use our company’s professional signs and Supra electronic lock boxes.
    • We will market your home for sale on our social media platforms (Facebook, Instagram, Twitter & Blog).
    • We will do an Open House (if possible).

Step 4: Follow up and Feedback

    • We will give monthly updates on price, market changes & effects.
    • We will follow up with Realtors and buyers for feedback on your home.
    • We will assist in interim Seller financing to use FHA, VA, or USDA depending on the situation.  
Step 5: Offer, Contract and Closing
 
    • We will represent you upon presentation of all contracts/offers.
    • We will assist in negotiating the highest possible price and best available terms.
    • We will keep you advised on the status of the mortgage (approval, appraisal, underwriting), title search & examination, inspections (home, termite, water test & septic), survey, etc.
    • We will arrange the final walk through with buyers.
    • We will review the final closing statement prior to closing day(no surprises!!)
    • We will deliver your final check at closing. 

Rountree Realty Team and Duke Rountree are dedicated to helping people sell their homes and assisting every step of the way. Contact us to get your home sold!