Category: Access Title Agency Florida

According to the November 2022 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), there were 552 overall closed sales in November, which is a 41.4 percent decrease from 942 closed sales recorded in November 2021. The post-pandemic home buying surge that took place when mortgage rates were historically low has ended. Housing inventory in Naples is on the rise but remains low at just 2.8 months of inventory reported in November (a balanced market has a six-month supply of inventory). As expected, the limited inventory environment in Naples is restricting sales and increasing prices. Though broker analysts reviewing the report pointed out that cash sales accounted for 62.3 percent of closed sales in November; it is…

Access Title Agency and The Mortgage Warehouse partnered to co-host a “Brunch and Learn” featuring Dr. Amir B. Ferreira Neto, PhD, Director of Florida Gulf Coast University’s Regional Economic Research Institute. Thank you to everyone who attended. The event was a great success and attendees were updated on the state of the economy. This information was timely in today’s shifting real estate market. We appreciate everyone who was able to attend. Access Title Agency was to make a donation to the Florida Gulf Coast University Regional Economic Research Institute. For those of you who missed the event, we have included a link to the presentation. Here’s an article on the discussion for additional insight. https://www.naplesnews.com/story/money/business/local/2022/08/05/no-recession-sight-southwest-florida-economist/10223212002/ We have also included a link to an article that can help Realtors prepare for…

Understanding the Proposed Tax Notice (TRIM) In 1980, the Florida Legislature passed the Truth in Millage (TRIM) Act. This law is designed to inform taxpayers which governmental entity is responsible for the taxes levied and the amount of tax liability taxpayers owe to each taxing authority. The property appraiser sends this information, known as the TRIM notice, to the property owner. Truth in Millage establishes the statutory requirements that all taxing authorities levying a millage must follow, including all notices and budget hearing requirements. The TRIM requirements also provide for maximum millage levies for counties, municipalities, and independent special districts. These requirements are prescribed by chapter 200 of the Florida Statutes. The Property Appraiser’s Office studies the real estate market and reports what has happened to property values. The property…