5 Reasons To Hire A Sarasota Real Estate Team

July 23rd, 2015

5 Reasons To Hire A Sarasota Real Estate Team

Whether you are buying or selling a home, it can be quite a wild adventure. You need an experienced Sarasota Real Estate Team to lead you to your ultimate goal.

1. What do you do with all this paperwork?

Each state has different regulations regarding contracts required for a sale, and these regulations are constantly changing. A true Sarasota Real Estate Team can guide you through the necessary paperwork to make your dream come true.

2. Ok, so you found your dream house, now what?

According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to occur during every successful real estate transaction. Make sure that your Sarasota Real Estate Team knows exactly how to guide you through this extensive process.

3. Are you a good negotiator?

Negotiating skills are essential in every real estate transaction. From the buyer, to the home inspection companies, to the appraiser, there are 10+ people that will have to be knowledgeable during the process.

4. What is the home you’re buying/selling really worth?

It is imperative for your home to be priced correctly from the beginning to attract the right buyers and make sure the home sells quickly. You need the assistance of someone who can give you an accurate price estimate of your home.

5. Do you know what’s really going on in the market?

Real Estate Professionals know exactly what’s going on in the market. They’re educated on market trends, and they’ll know how to guide you to a successful purchase/sale.

Contact your Sarasota Real Estate team to see just how simple buying and selling a home truly is. With the right team behind you, anything is possible and our job is to make your transaction that much simpler.

Bottom Line:

A Real Estate Professional will be able to provide fantastic help when you’re trying to buy or sell a home.

Top Reasons To Downgrade As A Bradenton Homeowner Retiree

July 16th, 2015

Top Reasons To Downgrade As A Bradenton Homeowner Retiree

If you are a Bradenton homeowner who is reaching the retirement age, there are many reasons that you may want to downsize instead of staying in the same home you have lived in for quite some time. If you are parents or retirees that don’t have your nest in the home anymore, this may be the best time for you to look in to a new place to live as a Bradenton homeowner.

Here are six advantages to living the “less is more” lifestyle.

1. Smaller house = smaller mortgage

For the most part, a small home can mean a smaller monthly mortgage payment. If you’ve lived in your large family home for a long time and built up sizable home equity, you could possibly cash out and purchase a new smaller, less expensive home. If it all works out well, you could even eliminate a mortgage payment entirely.

2. Reduced monthly expenses

Downsizing your home can also mean that your monthly costs will decrease. Taxes, insurance, utility bills, maintenance and general upkeep should be more affordable.

3. Shed the burden of home upkeep

You could take the opportunity to move somewhere with year-round sunshine or stay in a place that offers all four seasons. Either way you can choose to move into a townhouse or condo in a community where landscaping might be provided. This can mean no more mowing the lawns every weekend!

4. More affordable town

Downsizing is also the perfect time to move to a less expensive area. Try to find a city that gives you more “bang for your buck” so that it will be easy to adjust if you are planning on being on a fixed income.

For example, if you compare the market in West Palm Beach, FL to a place like the Chicago suburb of Naperville, IL, you’ll see that the median sales price of a home in West Palm Beach is around $155,000 compared to Naperville’s median sales price of $355,000. As for the cost of living, West Palm Beach is more affordable!

5. Lifestyle upgrade

You also have the opportunity to relocate to a place that will offer all the new lifestyle amenities that you’re looking for. Whether it’s golf, biking, kayaking or another outdoor activity or being close to restaurants, theaters, and shopping; downsizing allows you to chose the type of lifestyle you want!

6. Less stuff = more life

While you’re downsizing your home think about downsizing when it comes to things in your life. Try to get rid of all the stuff that you don’t need or that you no longer use. This way, you’ll create a better lifestyle that will be easy to manage and maintain.

Being a Bradenton homeowner does have it’s perks and being able to downsize later on in life can help you immensely.

Do We Need 20% Down On Our Bradenton Home?

July 8th, 2015

Do We Need 20% Down On Our Bradenton Home?

A recent survey by Ipsos revealed that home buyers is still slightly perplexed about what is actually necessary to qualify for a home mortgage loan in when looking to purchase a Bradenton home. The study pointed out two significant misconceptions that we want to look at today.

1. Down Payment

The survey stated that consumers overestimate the down payment needed to qualify for a home loan. According to the report, 36% believe a 20% down payment is always required. There are actually several loans with a down payment of 3% or less! Can you imagine owning your new Bradenton home for less than 3% down?

2. FICO Scores

The survey also reported that around 60% of the respondents believe they need a fantastic credit score to purchase a home, with 45% thinking a “good credit score” is over 780. The average FICO scores of approved conventional and FHA mortgages are actually much lower.

Bottom Line
If you are a potential purchaser who is ready and excited to buy but not sure if you’re financially able, meet with someone who can help you sort through your options. We are here to help you purchase the Bradenton home of your dreams, but do not let the down payment be a factor. In 2015, 20% may still be the norm when it comes to real estate, but it does not mean that you must do this every time.

Feel free to contact your Bradenton home realtors today for any questions you may have on the process to getting your dream home purchased. Our team of professionals is here night and day to help you out through the entire process and our end goal is to make sure you are the happiest you can be in your new home. Let us know how we can make that dream a reality and how we can help with any real estate questions you may have now or in the future.

How To Recycle Water in your Sarasota Home

July 2nd, 2015

How To Recycle Water in your Sarasota Home

Protecting yourself against potential droughts can help to increase your potential water saving is in your Sarasota home.

If you live in a state suffering from drought, you’ve probably seen your water bills increase. Here’s a water-saving strategy that you probably haven’t thought of: Take a shower. Brush your teeth. Do your laundry. It’s called greywater recycling. And it really works.

What’s greywater, anyway?

“Greywater” refers to gently used household wastewater—like the runoff from doing laundry or washing dishes. (Toilet wastewater is referred to as “blackwater”.)

In a greywater system, used water gets sent through a second set of pipes to water your outdoor plants. And since the biggest household use of water is for irrigation, this can have a large impact on your expenses. It also helps the environment!

How much you’ll spend & save

A study commissioned by the city of Santa Rosa, CA, reported that a “laundry-to-landscape” greywater system would save 15 gallons of water per person/day. Recycling greywater from bathroom sinks and showers saves an additional 25-50 gallons of water per person. It’ll also save about $400 a year on water bills.

DIY types who know their way around the plumbing aisles of Home Depot can get a greywater system going for a few hundred dollars over the course of a weekend thanks to this free guidebook created by the city of San Francisco. For those unfamiliar with plumbing, it’s best to hire a professional.

Go easy on the soaps—and yourself

Jerrard suggests that newbies start with the laundry-to-landscape system. Because the water comes straight from the washing machine, no plumbing lines have to be cut. Because of this, no permit is required in many states.

Be conscious of what’s in your greywater, though. Trees and soil can deal with most natural soap products, but cleaning products that are filled with salt and other chemicals can be a problem.

Greywater can be in a gray zone, legally

If you live in Vermont and want to help the environment, you’re out of luck. Greywater systems are legal in only 19 states, including the West Coast, Texas, and much of the Southeast.

In addition, each state has its own byzantine greywater codes, and individual municipalities may have their own restrictions.

With all the permits and paperwork involved, is it worth it? For those who have taken the plunge, the answer is yes. And the benefits of greywater recycling go beyond decreasing your water bills and helping to fight the current drought.

“It gives you more awareness of how you’re using water, gives you more control of your water, and it makes things more visible,” said Mark Vallianatos, who installed a greywater recycling system in his Los Angeles home two years ago.

You may not see that all too much in your Sarasota home, but the more you are prepared for the worst, the better off you will be.

Top Reasons To Buy A Bradenton Home Now

June 25th, 2015

Top Reasons To Buy A Bradenton Home Now

Here are four fantastic reasons to consider buying a Bradenton home today.

1. Prices Will Continue to Increase

The Home Price Expectation Survey polls a panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects an increase in home values over the next five years to be between 11.8% and 26.7%.

2. Mortgage Interest Rates Are Projected to Rise

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have started to increase. Most experts predict that they will begin to rise even more over the next year.

3. Either Way You’re Paying a Mortgage

As a recent paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

4. It’s Time to Take the Plunge

Look at the reason you are buying a Bradenton home and decide whether it is worth waiting. Whether you want to have a comfortable place for your children to grow up or you want to have control over upgrades, maybe it’s time to take the plunge.

Bottom Line

If the right thing for you and your family is to purchase a Bradenton home this year, buying sooner rather than later is a smart choice.

Is Another Sarasota Real Estate Bubble Forming?

June 18th, 2015

Is Another Sarasota Real Estate Bubble Forming?

After the Sarasota Real Estate market bust that swept the country in 2008, many experts have been warning that a new bubble may be forming in some parts of the country.

The most simple way to show how far we’ve come and how far we still need to go in regards to the ‘Peak’ is to share CoreLogic’s Price & Time Since Peak figures, used to create the map below.

Price-Since-Peak-KCM

Many part of the country still have a long way to go to be anywhere near the peaks experienced in 2005-2007. Seven states are currently at their peak.

The most significant challenge facing the housing market’s recovery right now is the lack of inventory available for sale. Buyer demand is currently out-ranking seller supply, driving prices up.

Bottom Line

If you are a homeowner considering selling your house this summer, now is the time. Make an appointment with your Sarasota real estate professional who can help you through the process.

Best Ways To Make Your Sarasota Home Stand Out

June 11th, 2015

Best Ways To Make Your Sarasota Home Stand Out

Beyond the complexities of mortgage applications and technical real estate language, the huge number of online listings can be overwhelming to buyers. There are millions of real estate listings on the web.

So just how do you make your Sarasota home stand out in such a cluttered market? Follow these tips from real estate experts on how to make your Sarasota home shine.

1. Hire a pro (or two!)

Real estate agents exist for a reason: they know best how to market your property. Be sure to hire one!

2. Stage it

Empty rooms make for boring photographs. “Photos of vacant rooms are dull,” says Siben. “Buyers want to see the possibilities with a space.”

3. Create a shot list with the photographer

It’s very important to meet with the photographer at the property beforehand to create a shot list. “Go over how each room will be photographed and what time of day it will be shot,” says Siben.

4. Be honest

Technology is a wonderful thing, especially when it comes to photos. Just makes sure your photos accurately represent each room in your house.

5. Keep it simple (and clean)

Clutter can create anxiety. And no buyer wants to feel anxious while browsing photos of your home. Simplicity and cleanliness sells!

6. Go 3-D

If pictures are worth a thousand words, then videos and 3-D floor plans are worth a million.

7. Take a sunset stroll

Take photos at dusk. The lighting will truly highlight your home.

8. There’s no such thing as too many photos

Trulia allows you to upload as many images as you want. Take advantage of this luxury! Upload various angles of each room in the home.

9. Know the keywords

“In a sea of properties on the market, you have to make it easy for people to find your home through key phrases and words,” explains Udy. “Take the time to create verbiage, details, and information that give a detailed explanation of the home.”

Why Your Shouldn’t FSBO Your Sarasota Home

June 4th, 2015

Why Your Shouldn’t FSBO Your Sarasota Home

In today’s market, with every Sarasota home selling rapidly and prices increasing, some homeowners might contemplate trying to sell their home on their own, otherwise known as For Sale by Owner (FSBO). There are many reasons this might not be a great idea. Here are five below.

1. There Are Too Many People to Negotiate With

Here is a list of some of the people you’ll have to contact and negotiate with if you FSBO your Sarasota home.

-The buyer, who wants the greatest deal possible

-The buyer’s agent, who solely represents the buyer

-The buyer’s attorney (in some parts of the country)

-The home inspection companies, which will almost always find problems with the house

-The appraiser, if there is a question of value

2. Exposure to Prospective Purchasers

Recent studies have shown that 88% of buyers search the web for a home. Only 21% look at print newspaper ads. You need to have an Internet strategy to promote the sale of your home. Are you prepared for that?

3. Results Come from the Internet

Where do buyers find the home they actually end up purchasing?

-43% on the Internet

-9% from a yard sign

-1% from newspaper

As you can see, having an Internet strategy is crucial.

4. FSBOing has become Increasingly Difficult

The paperwork involved in selling and buying a home has increased significantly as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 9% over the last two decades.

5. You Net More Money when Using an Agent

Many homeowners think they will save the real estate commission by selling on their own. Realize the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.

Studies have shown that the typical Sarasota home sold by the homeowner sells for $208,000 while the average house sold by an agent sells for $235,000. This doesn’t mean an agent can get almost $30,000 more for your home, as studies have shown that people are more likely to FSBO in markets with lower prices. However, it does show that selling on your own might not be the best move.

Tips When Searching For A Bradenton Home With Kids

May 28th, 2015

Tips When Searching For A Bradenton Home With Kids

When you’re trying to search for a Bradenton home with kids, it can get stressful. But if you include your children in your Bradenton home search, it could decrease your level of anxiety.  Here are five tips that could help you make your house hunting as a family go a lot smoother.

1. Make safety a priority

If you have toddlers or young children with you when you’re out house hunting, you want to make sure they can get through the process without physically harming themselves.

You need to know your child and how they’ll be have in unfamiliar surroundings. If your child is the explorer type that is always getting into things they aren’t supposed to, it would be best if you left him or her with a babysitter. This way your house hunting won’t be cut short due to accidents that could’ve been prevented.

2. Think beyond the house

Try to think about the fact that not only will your children be leaving behind the Bradenton home they’re comfortable in but will also be leaving behind their friends and their school. Therefore, this can become an anxious time for your children.

Make sure you talk with your real estate agent about what the local school, park, or neighborhood is like. This will allow your children to see what their community could possibly be like.

3. Know your child’s limits

Some children can hang in there for a full day of multiple showings, while others won’t be able to last after just one showing. Make sure you know your child’s limits and when it’s time for a break. Discuss this with your real estate agent so you can plan on seeing one or two houses and then taking a break with your child afterwards to play in the park or have a snack. This could help you last longer in the house hunting throughout the day.

4. Give your child a job

If you have older children with you, you could alleviate the stress by getting them focused on the future. Let them do some research on the town you’re planning on moving to. You can also have them make a collage of what they would like to have in their new bedroom or their new house. Another job you could give them is have them take photos of each house you visit while you’re house hunting. These things could help your children feel more connected to the process.

5. Don’t let your child think he’s in charge

While it is important to include your children in the house hunting process, it’s even more important to let them be aware that the adults will be making the final decision. Change can be hard for your children so let your children know that you care what they think but that their opinions make up only one slice of the entire pie when it comes to searching for your new Bradenton home.

 

What Will You Receive From Selling Your Sarasota Home?

May 21st, 2015

What Will You Receive From Selling Your Sarasota Home?

Utilize this guide to guesstimate how much you will be able to pocket after selling your Sarasota home.

While you’re more than ready to tally up your money after selling your Sarasota home, you may be questioning how much cash you’ll make on the sale. Odds are, your profit will be a main factor in the amount of cash you can put down on your next home.

It’s not as straightforward as you may think to calculate your net profit after selling — there are agent’s commissions to consider, potential repair expenses, and other different factors that can impact on your net profit.

Utilize this guide to help calculate your net profit.

Loan fees

You will owe a fee to your mortgage lender or bank if there was a prepayment penalty connected with your loan.

Commissions

When you have paid off your mortgage and whatever other loans on the property, real estate agent sales commissions are your next greatest expense. These can extend from 4% to 8% of the price tag.

Repairs

Any repairs that were consented to and composed into the agreement after the buyer’s inspection will be subtracted from your total profit as well.

Taxes

The exact amount of taxes due relies on your state’s tax cycle and when you sold your home. Moreover, a few states have an excise or stamp tax, which is the seller’s obligation and evaluated as a percentage of the purchase price.

Escrow/settlement fees

You’re in charge of expenses related to your closing agent, whether they are a real estate attorney or an escrow agent. Likewise calculate any courier or wiring fees, and administrative expenses and subtract that from your total profit.

Buyer’s credit

On the off chance that there was an agreement to offer the buyers a credit, subtract this from your total profit as well.

After you have estimated what your net profit will be, use this information to talk to your real estate agent so that they can give you more details on what your take-home is going to be from selling your Sarasota home.