Florida Condo Law Changes Effective July 1st

New Condo Law Changes in Florida Effective July 1st, 2017 – What You Need to Know!

There were several changes made to Chapter 718, the Florida Statute governing condominiums, and all went into effect on July 1, 2017.

While not exhaustive, below is a list of July 1 changes that you may find of interest as you look to purchase a condo here in Tampa Bay:

  • 718.111(12)(c)(1) – A unit renter has a right to inspect and copy the association’s bylaws and rules.
  • 718.111(12)(c)(3)(g)(1) – by July 1, 2018, an association with 150 or more units (which does not manage timeshare units) must post digital copies of the required documents on its website.
  • 718.116(8) – The association must issue an estoppel certificate within 10 business days of receipt of a written or electronic request for said certificate.
  • 718.116(8)(a) – Any condominium estoppel certificate must contain specific assessment information, such as the regular periodic assessment and frequency; an itemized list of all assessments, special assessments and other moneys scheduled to become due; if there is a capital contribution fee, resale fee or other fee due and what the amount is; if there is a right of first refusal provided to the association or the members; and contact information for all insurance maintained by the association, amongst other things.
  • 718.116(8)(b) – The estoppel certificate (sent via hand delivery or electronically) has a 30-day effective period (35-days if sent by regular mail).
  • 718.116(8)(d) – If a requested estoppel certificate is not delivered within 10 business days, a fee may not be charged for the preparation and delivery of that estoppel letter. (this is a great change in addressing the timeliness the association has to abide by as time is of the essence!)
  • 718.116(8)(f) – The association may charge a reasonable fee for preparation and delivery of an estoppel certificate that may not exceed $250.00; if the certificate is requested on an expedited basis and delivered within 3 business days after the request, however, the association may charge an additional $150.00; an additional fee of up to $150.00 may also be charged for an estoppel certificate on a unit if a delinquent amount is owed.
  • The Florida Legislature also added other new condominium association rules this year. If a unit owner is denied docs and fraud can be proved, for example, it could be a felony; and board director terms are now limited to eight years with a few exceptions.

For complete info on July 1 condo law changes, refer to the bill, HB 1237, which Gov. Scott signed on June 26.

Source: Florida Realtors®

Children's Cancer Center

NHD Empower Tour of The Children’s Cancer Center this Friday

Every quarter, we take our NextHome Discovery agents on a tour of a local non-profit. We call these our NHD Empower Tours. We open up these tours to all local Realtors and affiliates as we ALL benefit by being aware of all the needs and resources in our community so that we can find ways of getting involved and EMPOWERING others.

As part of this quarter’s NHD Empower Tour we are scheduled to tour the Children’s Cancer Center on Friday, April 21st ( http://childrenscancercenter.org/) to raise awareness on how they are serving families of children who have cancer or chronic blood disorders… And how best we can get involved.

The tour is scheduled for 10am and should be wrapped up by 11am. We welcome you to join us this Friday.

PLEASE RSVP to Heather@DiscoverYourPlace.com to let us know if you can attend!

NHD EMPOWER TOUR_APRIL 21 2017

What is homestead exemption and portability?

Homestead Exemption Deadline Fast Approaching

March 1st is right around the corner and marks the statutory filing deadline for your homestead exemption requests. Although applications are accepted all year round, to take advantage of up to $50,000 + off of your home’s value for tax assessment purposes in the year 2017, you may want to get your applications in as quickly as possible! Luckily you are able to apply for most exemptions online.

What are the advantages of filing for a homestead exemption?

“Florida law allows up to $50,000 to be deducted from the market value of a primary / permanent residence. The first $25000 of value is entirely exempt. The second $25,000 exemption applies to the value between $50,000 – $75,000 and does not include a benefit on the school tax. After receiving the homestead exemption the first year, any annual increase in the assessed value is capped at the lower of 3% or the percentage increase in the Consumer Price Index (CPI), with certain exceptions.”

And of course there are personal exemptions, portability of homestead exemptions, exemptions available for military and veterans, and senior citizens exemptions available as well. Don’t miss out on savings you may be eligible to receive on property taxes this year and moving forward. For more information in Hillsborough county click here. For Pasco county, click here.

 

Open Houses 101: How to Market

Open Houses are a great marketing tool for real estate agents to get exposure on their listings, and ultimately for home sellers to get their listed homes sold! For agents, it’s the perfect time for neighbors to help you sell your listing by word of mouth because neighbors love living near their best friends, and not to mention, it really shows your clients you mean business!  Impress everyone with your successful open house, using the opportunity to showcase your business and your brand to current clients and potential clients who might stop in. It’s all about setting yourself apart from the others.

You know it’s true, this shouldn’t be new news! So why are your open houses tanking it? Great question!

Jason Jakus shows us how to successfully move from a handful of people attending your open houses to pulling in 15-40 people to your one open house! He emphasizes the importance of having a system, which initially may seem time consuming, but proves worth it with proper set-up and implementation.

 

 

P.S. If you are looking for a brokerage that can help you with technology and techniques to help build exposure for your business, we’d love to chat! Visit us at www.ThisIsMyNextHome.com or send us an email at connect@DiscoverYourPlace.com to learn more!

A Better Way to Find and Convert Leads

Leads, leads, leads… They’re our lifeline as licensed real estate professionals! Chris Smith, the co-founder of Curaytor, dubs “how to convert them, where to find them, and what to do with ‘luke-warm’ leads” among the top topics on every real estate professional’s mind.

If this is where your mind drifts between one appointment and the next, this short video may be of some use to you. Besides his upbeat attitude, you’ll hear Chris remind you of some best practice “to-do’s” and also some ‘new’ practice “must-do’s” with the recent explosion of Facebook as a viable source for generating leads.

“Getting leads from the right sources will lead to ones that convert sooner rather than later.” Thanks for the information Chris!

 

P.S. If you are looking for a brokerage that can help you stay on top of your leads with one hub to access a network of services, from marketing, training, and business tools, we’d love to chat! Visit us at www.ThisIsMyNextHome.com or send us an email at connect@DiscoverYourPlace.com to learn more!