Homes More Affordable Today than 1985-2000 Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home. However, it is not just the price of a home that determines its affordability. The monthly cost of a home…
Buying a Home Can Be Scary Unless You Know the Facts
Buying a Home Can Be Scary… Unless You Know the Facts [INFOGRAPHIC] Some Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home, which stops many of them from even trying! Here are some facts: 40% of millennials who purchased homes this…
Buying Remains a Lot Cheaper than Renting in Florida
Buying Remains a Lot Cheaper Than Renting in Florida! In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers show that the range is an average of 3.5% less expensive in San…
More Boomerang Buyers Are About To Enter The Market
More Boomerang Buyers Are About to Enter the Market We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019. Recently, HousingWire analyzed data from the US Bankruptcy Courts and revealed that…
Homeowner’s Net Worth Is Still Greater Than a Renter’s
Homeowner’s Net Worth Is Still Greater Than a Renter’s Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). The latest survey…
What States Give You The Most Bang For Your Buck
What States Gives You the Most ‘Bang for Your Buck’? Some Highlights: Thinking of moving across the country? How far will your money take you? The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states. The ‘Biggest Bang for your Buck’ comes in Mississippi…
Millenial Homeownership Rate Increases
Millennial Homeownership Rate Increases Recent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the homeownership rate for American households under the age of 35 increased a full percentage point from last quarter’s 34.3% to 35.3%. Millennials…
Don’t Get Caught in the Rental Trap
Don’t Get Caught in The Rental Trap! There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped A recent article by ConsumerAffairs addressed the continuous rise in rents, stating: “The cost of putting a…
Recently Renovated in South Venice Florida 2 Bedroom 2 Bath Home for Sale
Recently Renovated in South Venice FL – 2 Bedroom 2 Bath Home for Sale… 150 Shamrock Drive, Venice, FL Recently renovated – New Kitchen & Bathroom Description Photos Maps & Local Schools Print Brochure Follow This Home! Venice Homes For Sale Search All Homes For Sale Free Home Values Presented By: Julie Larson PalmerHouse Properties…
You Don’t Need 20% Down to Buy a Home in Sarasota NOW!
You Don’t Need 20% Down to Buy a Home in Sarasota NOW! A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that we want to address today. 1. Down Payment The survey revealed…
Renting or Buying in Sarasota Florida
Renting or Buying in Sarasota Florida… Either Way You’re Paying a Mortgage There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.…
How Much Money Do I Need to Buy a House in Sarasota Florida
How Much Money Do I Need to Buy a House in Sarasota Florida? Over Half of All Buyers Across the Country Are Surprised by Closing Costs When buying a home on Sarasota’s Suncoast, choosing a good real estate agent is your first step. A good agent is going to have a team of real estate…
Dog Parks in Sarasota County
Paw Parks aka Dog Parks in Sarasota County Dogs Just Wanna Have Fun Sarasota County has some great dog parks, also known as paw parks, where you can let your dogs run free without a leash to exercise and play in a controlled environment. There are 5 dog parks in Sarasota County. Three are located…
Pet Friendly Condos for Sale in Nokomis Florida
Pet Friendly Condos for Sale in Nokomis Florida Looking for a Condo in Nokomis Florida Where You Can Bring Your Pet? Located in Sarasota County on the Gulf of Mexico, Nokomis has a nice assortment of condos, villas and townhomes for sale that are considered pet friendly. Check out some of the listings below. If…
Where Are Home Prices Heading in the Next 5 Years, Sarasota?
Where Are the Home Prices Heading in the Next 5 Years, Sarasota? Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment &…
Daydreaming About Your Perfect Sarasota Home?
Daydreaming About Your Perfect Sarasota Home? Know What You WANT vs. What You NEED In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your Sarasota home search. If you’ve been thinking about buying a home of your…
Buy a Home in Sarasota & Be Healthier!
Buy a Home in Sarasota & Be Healthier! The Impact of Homeownership on Family Health The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans: “Owning a home embodies the promise of individual autonomy and is the aspiration of…
Will You Be Buying a Home in Sarasota this Year? 59 Million Buyers
Will You Be Buying a Home In Sarasota This Year? 59 Million People Will Be Entering the Housing Market in 2017 According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be…
Sarasota Renters – Do you Know the Real Cost of Renting vs Buying in Sarasota Florida
Sarasota Renters – Do You Know the Real Cost of Renting vs. Buying? Some Highlights: Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice…
Single Family Homes and Condo Sales in Sarasota County January 2017
Single Family Homes and Condo Sales in Sarasota County January 2017 The following data was pulled from our local multiple listing service, MFRMLS. There were 726 residential sales that closed in the month of January 2017. Single family home sales consisted of 65% of those sales. Please note that the 254 condo sales in the…
Social Benefits of Owning a Home in Sarasota Florida
~Keeping Current Matters Social Benefits of Owning a Home in Sarasota Florida Owning a Home on Sarasota’s Suncoast has a Civic Impact The National Association of Realtors recently released a study titled ‘Social Benefits of Home Ownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans: “Owning a home embodies the promise…
Need a Bigger Home in Sarasota Florida
Need a Bigger Home in Sarasota Florida? If you live on Sarasota’s Suncoast and you need a bigger home, we can help! Has something changed in your life that you’re ready to buy a bigger home? Maybe… Your family is growing and you need more space You’re feeling cramped in your current home You’ve come…
Homes for Sale on Casey Key in Nokomis Florida
Homes for Sale on Casey Key in Nokomis Florida Video courtesy of Visit Sarasota County Casey Key is located on the Gulf of Mexico in Sarasota County. It’s a barrier island to Nokomis and Osprey Florida with its southern most point at the North Jetty Park stretching up to North Casey Key which is now…
Buying a House With Cash in Sarasota Florida
Buying a House with Cash in Sarasota Florida You may be surprised to learn this, but between 2009 and 2014 our Sarasota real estate market was dominated by cash buyers for single family homes. In 2015 the percentage of cash buyers versus buyers getting financing started to equal out at about 50/50 and in 2016…
Is Cash Still King in Sarasota Florida
Is Cash Still King in Sarasota Florida? Yes, every Realtor loves to hear from their buyer that they are paying cash! Usually cash sales can close very quickly and the quicker we close, the quicker we get paid. Cash discounts, timing and over-paying are all things to consider when buying a home with cash. Cash…
Average Sales Price of Condos in Sarasota County December 2016
Average Sales Price of Condos in Sarasota County December 2016 – $320k December 2016 Average Sales Price of Condos in Sarasota Shows an Increase of 13.1% Over December 2015’s Average Sales Price The averages sales price of a condo in Sarasota County has risen from $284,028 in December of 2015 to an average sales price of…
Condos For Sale in Sarasota for Any Budget
Condos for Sale in Sarasota for Any Budget No Matter What Your Budget, There’s a Condo in Sarasota for You! The condo market in Sarasota is strong! If white sandy beaches, great shopping, fine dining, theater, art, boating, fishing and awesome weather are what you’re looking for, we’ve got great news! There are condos, villas and…
Choosing a Good Mortgage Lender on Sarasota Florida’s Suncoast
Choosing a Good Mortgage Lender on Sarasota Florida’s Suncoast Not All Florida Lenders Are Created Equal – Finding a Good Mortgage Lender is Key to Closing! Disclaimer: Let me start out by saying that I’m not a mortgage lender. I’ve learned what makes a good mortgage lender and I’m writing this blog post and expressing…
Sarasota & Manatee Condo Market Report for December 2016
Sarasota & Manatee Counties Condo Market Report December 2016 Courtesy of RASM – Realtor® Association of Sarasota and Manatee Condo Market Shows Strength in December 2016 SARASOTA, Fla. (January 24, 2017) – Closed sales for condos increased in each county in December as compared to December 2015, with Sarasota at a 12.5 percent increase and…
Is a Septic Inspection Really Necessary?
Wondering if a Septic Inspection is Really Necessary? How Septic Systems Work… Before we get started, check out the image below to get a general idea on how a septic system works. The Inspection Period Begins… You’re excited about getting that special home under contract! You’re now in the Inspection Period and are doing your…
