How Tax Law Changes Impact Real Estate
Watch the video as Lisa Treu of the Treu Group Real Estate explains why NOW is the best time to move to South Florida.
Hi. It's Lisa Treu, and welcome back. I want to talk to you today about probably your least favorite topic and that is taxes but this is an important one.
With the changes to the tax laws, it's causing many people to consider if it's time to move to a more affordable state. So how is this going to impact us here in South Florida? Well, one of the great things in South Florida is more affordable when it comes to taxation. Why? Well, we have no income tax, number one and number two, our property taxes are more affordable.
The speculation by economists is that states like New York and California are going to see 800,000 people a year leave the state for more affordable states. So, is that all? Well, no. States like New Jersey, Minnesota, and Illinois are also going to see movement from their states to affordable states like Florida.
So what does that mean to us? Well, if you're thinking of buying, you should go ahead and buy now before all those people start coming down here and taking advantage of our beautiful weather, and our more favorable tax situation. We're also going to see businesses moving their entire companies to Florida. It is such a positive, welcoming place for businesses.
I recently did a radio show talking about the benefits of businesses moving from the Northeast down to Florida specifically, Palm Beach County. So if you're a business owner or running a business, check that out because you're going to love bringing your employees down here.
So if you are thinking of selling, what does this mean to you? Well, it means that there's an opportunity to get top dollar for your home and that opportunity has already started today. We have buyers from the Northeast, that they do not want to live in the Northeast anymore and want our beautiful weather. So give us a call if you're looking to buy, sell or move to South Florida and we're here to help you.
Also, if you're not sure where to start to make this your residence from the Northeast, just email me back. We're going to have a very informative webinar coming up and I want to make sure you have that information. You can always give me a call at 561-352-3056 or start searching around on our website. You'll see all the homes for sale here in Palm Beach County.
Thanks and talk to you soon.