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Featured Posts

Thursday, July 24, 2014

2 Oceans West Blvd Daytona Beach Shores, FL 32118

New listing just posted:
Ground Floor Gem! Relish the Florida Flora, Fauna and golf course views, as you sip your morning "cup of Joe" on one of the three balconies. After breakfast, take a short stroll to the beautiful Atlantic or perhaps play a game of tennis! Enjoy everything the Florida Lifestyle has to offer: golf, tennis, sand and the sea... What more could you want in a full time home or vacation get away!
Home information
Bathrooms: 3.00
Square feet: 2,364
MLS #556272

Wednesday, July 23, 2014

3245 S Atlantic Ave Daytona Beach Shores, FL 32118

New listing just posted:
Exquisite Coastal Sky Home! The majestic beauty of the Mediterranean architecture is simply breathtaking. Enjoy your morning coffee while watching the sun rise over the pristine waters of the Atlantic. Perhaps at mid-day you would enjoy a dip in the ocean front pool. If you're feeling energetic, get your workout in at the private gym, while watching the waves roll onto the shore. Finish the day where you started... On your private balcony watching the sunset over the Intracoastal!
Home information
Bathrooms: 3.00
Square feet: 2,425
MLS #561496

Tuesday, July 22, 2014

Indecision Costs

iStock_000009336073Small 250.jpgMore money has been lost to indecision than was ever lost to making the wrong decision.  The economy and the housing market have caused some people to take a “wait and see” position that could cost them in lost opportunities as well as almost certain higher costs in the future.

To illustrate what the opportunity cost might be, let’s compare what the value of the down payment two years from now would be if it was invested in a certificate of deposit, the stock market or used to purchase a home today.

A 3.5% down payment on a $175,000 home is $6,125.00.  If it was invested in a CD that would earn 2%, a person would have $6,372 in two years.  The earnings would be taxed as ordinary income tax rates.  It wouldn't earn much but it would be safe and secure.

The same amount would grow to $7,013 in the stock market if you picked the right stock or fund and it yielded 7%. The earnings would be taxed at the long term capital gains rate.  The return could be greater but so is the risk involved.

If this person were to purchase a home today that appreciated 2% in value over the next two years, the equity in the home would grow to $18,769 due to value going up and the unpaid balance going down.

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The question, we all must ask ourselves is “where should our money be invested?”  Try Your Best Investment to see the difference it will make based on your price range, down payment and earning rate.