Sellers

LOCAL INFO, Sellers

What’s ‘Special’ About Special Assessments? April 26, 2023 by Meredith Caruso

What’s ‘Special’ About Special Assessments? By Meredith Caruso Special assessments appear in various places of the Florida Realtors/Florida Bar contract, but Paragraph 3(c) on the Condo Rider has confused more than a few members. ORLANDO, Fla. – The contracts and riders/addenda Florida Realtors offers members mention “special assessments” in various places. However, one tends […]
LOCAL INFO, Sellers

InterNACHI’s Estimated Life Expectancy Chart for Florida Homes, AUG, 2022

SOURCE: https://www.nachi.org/myowncopy.htm The following chart details the predicted life expectancy of appliances, products, materials, systems and components for homes in the state of Florida. (It may also be applicable to states in the nearby coastal region with similar climate and weather conditions on a typical basis.) While many components and systems in homes located in […]
Sellers

Remodel or buy? How to make the right move

With home prices and interest rates rising across the country, you may be reevaluating your housing situation: Should you take advantage of the seller’s market and upgrade before interest rates rise further? Or should you leverage your home’s equity to finance a renovation? It’s a significant decision that will depend on your specific financial situation […]
LOCAL INFO, Market Updates, Sellers

Property Fraud Alerts, a growing Problem … 2021

Property Fraud Alerts in Sarasota and Manatee Counties…. Property and identity fraud are a nationwide problem. By filing fake deeds, scammers appear to own property, and can fraudulently rent or sell the property without the knowledge of the true owner. Your Sarasota Clerk and Comptroller wants to help you in protecting against property fraud. By […]

LOCAL INFO What’s ‘Special’ About Special Assessments? April 26, 2023 by Meredith Caruso What’s ‘Special’ About Special Assessments? By Meredith Caruso Special assessments appear in various places of the Florida Realtors/Florida Bar contract, but Paragraph 3(c) on the Condo Rider has confused more than a few members. ORLANDO, Fla. – The contracts and riders/addenda Florida Realtors offers members mention “special assessments” in various places. However, one tends […]

LOCAL INFO InterNACHI’s Estimated Life Expectancy Chart for Florida Homes, AUG, 2022 SOURCE: https://www.nachi.org/myowncopy.htm The following chart details the predicted life expectancy of appliances, products, materials, systems and components for homes in the state of Florida. (It may also be applicable to states in the nearby coastal region with similar climate and weather conditions on a typical basis.) While many components and systems in homes located in […]

Sellers Remodel or buy? How to make the right move With home prices and interest rates rising across the country, you may be reevaluating your housing situation: Should you take advantage of the seller’s market and upgrade before interest rates rise further? Or should you leverage your home’s equity to finance a renovation? It’s a significant decision that will depend on your specific financial situation […]

LOCAL INFO Property Fraud Alerts, a growing Problem … 2021 Property Fraud Alerts in Sarasota and Manatee Counties…. Property and identity fraud are a nationwide problem. By filing fake deeds, scammers appear to own property, and can fraudulently rent or sell the property without the knowledge of the true owner. Your Sarasota Clerk and Comptroller wants to help you in protecting against property fraud. By […]

LOCAL INFO 3 Fla. Cities Now Hotter Than Before Pandemic – AUGUST 2020 AUGUST 13, 2020 RE Recovery Index: 3 Fla. Cities Now Hotter Than Before Pandemic By Kerry Smith The real estate market is better than before the pandemic, according to realtor.com’s weekly index, as a third Fla. metro area rose into positive territory. SANTA CLARA, Calif. – The U.S. real estate market is doing better than […]

LOCAL INFO Buyers want it, Sellers have it? Inventory…! MARCH 2020 Low Inventory Generates Strongest Seller’s Market in 15 years Housing inventory. Buyers want it, Sellers have control of it and Realtors are hustling to work with what’s available while generating new listings to keep up with the demand. Even during these extraordinary times and the looming affects of COVID-19, real estate is as hot as ever. […]

LOCAL INFO June 2020, Existing-Home Sales Climb Record 20.7% JULY 22, 2020 NAR: June Existing-Home Sales Climb Record 20.7% U.S. home sales rose a record amount month-to-month in June, NAR says – but part of the reason is because May sales fell dramatically in the early days of the pandemic. WASHINGTON – Existing-home sales rebounded at a record pace in June, according to the […]

LOCAL INFO Wire Fraud is Real – Before wiring any money … Wire Fraud is Real Before wiring any money, call the intended recipient at a number you know is valid to confirm the instructions. Be safe. Review recommended steps below to safeguard your hard earned dollars…. There are steps homebuyers should take to make sure they are protecting themselves from falling victim to fraudsters, […]

LOCAL INFO FIRPTA – Foreign real estate owners ….. Excellent FIRPTA Overview IRS FIRPTA info Video FIRPTA WithholdingWithholding of Tax on Dispositions of United States Real Property InterestsThe disposition of a U.S. real property interest by a foreign person (the transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. FIRPTA authorized the United States […]

LOCAL INFO FEMA 50% Rule Substantial Improvement/Damage FEMA 50% Rule Substantial Improvement/Damage March 23, 2018. – Berlin Patten Ebling Blog Post LINK “Sarasota in the 1950s was one of the most important places in the world for architectural creativity, where the greatest design movements of the day came together.”- Carl Abbott FAIA, original […]

LOCAL INFO What is the Coastal Construction Control Line? CCCL: What is the Coastal Construction Control Line? https://floridadep.gov/water/coastal-construction-control-line/content/locate-coastal-construction-control-line-cccl What is the Coastal Construction Control Line? In order to protect, preserve, and manage Florida’s sandy beaches and coastal system, the Legislature adopted the Florida Beach and Shore Preservation Act, contained in Parts I and II of Chapter 161, Florida Statutes. The Coastal Construction Control Line (CCCL) […]

Sellers Sellers Property Disclosure … Florida, like many other states, now requires sellers of homes and other residential properties to make certain disclosures to buyers about the property’s condition and history. This is a shift from the traditional legal principle of “let the buyer beware,” which basically made it the buyer’s responsibility to inspect the home and discover whether there […]

LOCAL INFO Closing Costs HELPFUL CALCULATORS Closing Costs Calculator Sellers Closing Costs Calculator Title Insurance Calculator Closing Costs are the costs paid by Buyers and Sellers at the closing for various services rendered by the lender, the realtor, the title company, and any other services incidental to the sale. The following are examples of charges to […]

LOCAL INFO Title Insurance Title Insurance Calculator Old Republic – National Title Insurance Company using calculator based on sale price……… $300,000 Title Insurance cost: $1600.00 $350,000 cost: $1850.00 $400,000 cost: $2100.00 $450,000 cost: $2350.00 $500,000 cost: $2600.00 TITLE What is a title? When you purchase a home, you are really purchasing the title to the property-which is the right […]

Sellers Open House Timeline: Countdown to a Successful Sale … Open House Timeline: Countdown to a Successful Sale An inviting open house can put your home on buyers’ short lists. Get ready for your open house — stress-free — by starting early and breaking down your to-do list into manageable chunks. Use this timeline of 35 tips and your house will stand out from the […]