Real Estate News for the Sarasota - Bradenton and Lakewood Ranch

Here is some resources for recent good news relating to Real Estate in the Sarasota - Bradenton and Lakewood Ranch area. Enjoy.

Florida: a mix of different personalities: http://property.timesonline.co.uk/tol/life_and_style/property/overseas/article7043180.ece

BUILDERS BOUNCE BACK:
http://www.bradenton.com/2010/03/01/2093253/builders-bounce-back.html

Good Time to Buy a Home - Video - FoxBusiness.com:
http://video.foxbusiness.com/v/3965326/good-time-to-buy-a-home?playlist_id=87185

The Silver Lining in Today’s Cloudy Market:
http://kcmblog.com/2010/02/22/the-silver-lining-in-today’s-cloudy-market/

Homeownership: Still the American Dream:
http://kcmblog.com/2010/02/09/homeownership-still-the-american-dream/

Sarasota is Top Place For Boomers To Retire:
http://www.cnbc.com/id/35259928?slide=7

Sarasota - #1 City to buy Real Estate according to Barbara Corcoran on NBC's Today Show: http://today.msnbc.msn.com/id/26184891/vp/33191501#33191501


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Randy the Realtor's Rules for a Successful Short Sale Closing

Both clients and fellow real estate professionals can attest that real estate short sales can be a big black hole. As a Realtor that deals with the increasingly complex and changing road map involved in a successfully closing of a short sale, I believe that everyone involved in the transaction must work together to navigate the layers involved in the approval process and strive to help both buyers, sellers and lender come together. And… in an area of real estate where there seems to be no rules. Here are my rules for a successful short sale closing:

1. Short sales are here to stay for the foreseeable future
2. Buyer must be committed for the long haul (90 plus days)
3. Buyer’s offer must be based on current sold comps to match lender BPO (Broker Price Opinion)
4. Seller must have a lender negotiator/mitigator in-place
5. Seller’s Realtor or negotiator has to be a relentless pain calling the lender
6. Property should have only one loan or if two, both with the same lender

And some facts….While the market is showing signs of improvement, it's important to note that there have been over 11,000 listings entered in the Mid-Florida Regional MLS that indicate a potential short sale since January 1, 2009. Only 315 have been reported as sold transactions during that same period. If you have any questions about short sales or are looking to buy or sell real estate in the Sarasota/Bradenton area please give me a call at 941.586.9635.

Real Estate Term You Should Know

MARKET PRICE - The price paid regardless of pressures, motives, or intelligence.

About Area Neighborhoods: Indian Beach

This beautiful and historic neighborhood is located in northern side of Sarasota along the spectacular bay front. Many of the older water front homes have been remodeled and/or knocked down to make way for luxurious mansions. These homes have some of the best water views in Sarasota because this is one of the widest parts of Sarasota Bay. Located within minutes of downtown Sarasota and Bradenton.