Investing

This home in Destiny By The Sea sold for $2,225,000.

Signs of Life for Destin Real Estate

The oil spill has not had too large an effect on Destin Homes For Sale over the last 30 days. There were 21 single family homes sold and here are how the numbers breakout.

Most expensive Destin home sold was in Destiny By The Sea and sold for $2,225,000. Interestingly enough it was a cash sale.
Least expensive Destin home sold was in the Quiet Wood subdivsion and it sold for $100,000.
The average sale price per sq.ft. was $175,000

All in all I think it’s safe to say that we all wish there were more Destin homes selling but having 21 homes sell even with all the negative news the area has seen over the last five years is good news and bodes well for future Destin home sellers.

If you would like more information about Destin Homes For Sale go to At The Beach Destin. You can also call or text John Moran at 850-217-7618.

How About Panama City Foreclosures?

If you are interested in Panama City Beach Real Estate including Panama City Beach Condo Foreclosures and Panama City Beach Home Foreclosures simply click on the links or go to Panama City Beach Real Estate News.

Buying Real Estate In Your IRA

Because investing and Destin Real Estate go hand and hand I think it’s very important to be informed as possible on how to maximize your investing power. With that in mind I came across this question and answer segment on Smart Money.com that address IRA’s and real estate. Take a look and let me know what you think.

Q. Can an IRA be invested in mortgages or real estate?
—Linda Bruyette, Ellington, Conn

Yes, some real estate (including commercial property, vacation rentals, raw land and mortgage notes) is permitted. At best, real estate provides steady income and long-term appreciation. Usually only special-purpose banks and trust companies offer these investments, as “self-directed IRAs.”

Potential risks are high. “Self dealing” is strictly prohibited—which means you can’t invest in something you or immediate family members use or benefit from. Otherwise your entire IRA balance is treated as a withdrawal and subject to relevant taxes plus a 10 percent penalty if you’re under age 59 1/2. Plus, there’s the liquidity issue: You need a big IRA to handle buying and maintaining property while also keeping a diversified portfolio. And if you need out quickly, you better hope for a robust real estate market. A good real estate mutual fund or exchange-traded fund is a simpler choice.

Click on the links to find Destin Foreclosures, Destin Short Sales, Destin Real Estate For Sale

Also check out Kelly Plantation Real Estate News, Regatta Bay Real Estate News, Destin Condo News.