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Gerald (Jerry) B Galbreath, Broker/Owner

420 W Main Street
The Palace Office Suites
Leesburg, FL 34748
License # BK340752
Phone: 352-787-4584
Email:  RealProp@aol.com

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See the difference in Real Estate Agents/Brokers.  Is your Realtor representing you?
In Florida, there are two types of relationships buyers and sellers can have with a Real Estate Agent/Broker.  These two relationships entitle the buyer or seller to different duties from their Realtor.

Single Agent , Single Agents always act in the best interest of their client,  representing buyers or sellers in all matters pertaining to a real estate transaction.   Single Agents help you negotiate price and terms.  The highest degree of accountability comes from a Single Agent because their duty to clients is FULL DISCLOSURE, confidentiality, loyalty and obedience.  Single Agents cost you nothing extra because the listing agent pays the professional fee, not you!
Transaction Broker,  The majority of real estate agents/brokers in Florida act as Transaction Brokers.  Buyers and Sellers give up their right to FULL DISCLOSURE, CONFIDENTIALITY, OBEDIENCE AND LOYALTY when working with a transaction broker.  Transaction Brokers represent the transaction, must be a neutral pary between buyers and sellers and cannot help negotiate a better price or work to the detriment of one party over the other party.
It's your choice, work with a Single Agent representing you and your best interest at no extra cost or work with a Transaction Broker representing the transaction that cannot help you get a better price.
Galbreath Realty is the only Exclusive Single Agency real estate broker in Lake County!
Trustworthy, Professional, Experienced and a Single agent working for you.  Take advantage of my 30 years of experience.

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Real Estate News!!!

Latest Realty News from NAR

Infrastructure Improvement Means Real Estate Activity

When the Trump administration released its $1.5 trillion infrastructure plan last month, it set in motion a multi-year process that could eventually lead to considerable investment in communities. Of course, Congress must pass legislation to make much of it happen. Although there are some parts that the administration can do on its own, a lot of the plan will require both authorizing and funding legislation, so how close we get to that $1.5 trillion goal is dependent on what lawmakers can agree on in the next year or two.

Regardless, with the country’s roads, bridges, waterways, dams, and other public projects aging, some projects will be getting funds in the years ahead whether or not the plan is all or partly enacted. The question for you is, how will you get involved? Will you get involved upfront, when projects are in the planning stages, or will you get involved after projects get going? Often, bridge replacement means land transactions, because it’s not unusual for a replacement bridge to be built alongside the existing bridge. That means government might have to acquire or condemn nearby property. Or if a road is widened—will that involve acquisition or condemnation of land?

Property values tend to go up after infrastructure improvements are made. In northern Virginia, expansion of the metropolitan subway system had a tremendous impact on property values along the new tracks. Huge condo, apartment, retail, office, and mixed-use projects followed. It triggered a real estate boom.

The administration’s infrastructure plan is featured in the latest Voice for Real Estate news video from NAR. Access that segment now.

The video also looks at why NAR supports the banking reform bill that passed the Senate a couple of weeks ago, why passage of long-term reform of federal flood insurance is just as much about improving communities as it is about continuation of insurance policies, and why Congress needs to make mortgage debt forgiveness relief a permanent part of the tax code. Cyber crime and association health plans are covered, too.

Access and share video.

Audio: Dealing with Cyberthreats

Steve Spano, president and chief operating officer of the Center for Internet Security, recently visited NAR’s Washington offices to discuss techniques real estate professionals can employ to stay safe online. Listen to his comments below.

Yes, Interest on Home Equity Loans is Still Deductible

There’s been confusion since the big tax law was enacted over the deductibility of interest on home equity loans. NAR has been saying that the interest is still deductible for the part of the loan that’s used for home repairs, renovations, and additions. And that’s the correct interpretation, according to the IRS. The agency confirmed that in a memo about a week and a half ago.

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The part of the loan that’s used on the house to fix something or improve it remains deductible under the new tax law. Loan proceeds that are used for personal living expenses or anything not related to improving the home are not deductible.

The clarification is looked at in the latest Voice for Real Estate news video from NAR.

The video also looks at an important vote in the House on so-called drive-by lawsuits. These are lawsuits filed by people who are using accessibility requirements under the Americans with Disabilities Act to extract fees from small property owners. People are sending letters to property owners alleging they have an ADA violation and threatening a lawsuit unless the owner reaches a settlement with them. The person sending the letter typically doesn’t even say what the alleged violation is. The only way the owner can find out is by going to court. Most owners end up settling as the cheaper alternative and if there was ever any violation the owner never finds out what it is.

The House passed a bill requiring people who send these letters to identify what the alleged violation is and to give owners a chance to correct the problem before taking them to court. It’s a solution that addresses a clear abuse of an important law and NAR supported its passage. The bill still has to be taken up in the Senate.

Other topics in the video include NAR’s Commitment to Excellence initiative, which will roll out later this year, to give NAR members a chance to voluntarily assess how well they perform on key aspects of their business, including technology, the Code of Ethics, and the forms and contracts they use.

The video also gives an update on home sales—they’re off to a slow start this year, mainly because of inventory shortages in many markets, especially among lower-cost starter homes—and what’s happening in commercial real estate. Briefly, transaction volume on small cap properties is doing okay but volume on large cap properties is slowing down.

Watch and share video.

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"We have used Jerry to locate and acquire property for our last two restaurants. We highly recommend calling Jerry for your Lake County Commercial real estate needs." Will Henderon and Baily Cardwell of Oakwood Smokehouse and Grill
"As an investor, I have been very successful using Jerry as my commercial real estate advisor and Broker. Jerry' knowledge and expertise has been invaluable." Ross and Anita Valdez, owners of Park Heights Animal Hospital
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