Sarasota, Florida is located on the Gulf of Mexico. Sarasota has some of the most beautiful beaches in the world. Siesta Key the #1 Beach in the USA! Longboat Key, Lido Key, and Casey Key Just to name a few. Sarasota is truly a beachgoers and Boaters Paradise. Whatever type of water sports you like – Sailing, power boating, jet skis, kayaking or paddle boarding You can enjoy them on the Bay or in the Gulf.
Deer Creek on Palmer Ranch is a gated community of 484 custom homes and villas, located on McIntosh Road east of Sarasota Square Boulevard.
Amenities: Community Pool
Shopping: Sarasota Square Mall with Costco The Plaza at Palmer Ranch with Publix and Target Lowes
Recreation: The Legacy Trail for walking, running and biking. Also close to Potter Park YMCA.
Golf: TPC Prestancia is a private golf club with two 18 hole golf courses located at 4409 TCP Drive, West of I-75 in Sarasota. Amenities include a Mediterranean Clubhouse, this club is a member of the TPC network.
Convenient to Tamiami Trail (Route 41) Siesta Key is just several miles away North on Tamiami Trail with Siesta Beach and Siesta Village for shopping and dining.
Map is powered by OODLE and shows the location of Deer Creek on Palmer Ranch
Have a Great Day! Larry
As always, for all your Real Estate needs, Call or Text Larry @ 941-993-3125 or Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com
Concerned that you could be in a bidding war? Use these strategies to increase your odds of getting your offer accepted.
7 Winning Tips for Buyers
1. Encourage your agent to reach out to the listing agent to find out what the seller is looking for, such as a quick close, an above asking-price offer or a waived contingency. This will help you and your agent craft a competitive offer.
2. Make a cash offer. If you are not in a position to pay cash, get preapproved for a mortgage and have your preapproval letter in hand.
3. Pay attention to the listing agent’s request. Many times, they will have you submit your highest and best offer. Ask your agent for some strategies on handling this type of offer.
4. Consider waiving contingencies. If you are financing, check with your lender.
5. Figure out where you can be flexible. You will need to move quickly, so know your must-haves versus your nice-to-haves before you start your search.
6. Don’t get emotional. Trust your agent to walk you through each step in the buying process.
7. Be available. Respond to inquiries quickly and ask your real estate agent to check in regularly with the listing agent to monitor the seller’s progress.
As always, for all your Real Estate needs, call or text Larry @ 941-993-3125 or Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com
Down payments should not be hurdle to home ownership. There are various lending programs designed to allow qualified borrowers the opportunity to finance up to 100% of the purchase price.
by Peter Crowley, President of RE/MAX Alliance Group
Peter Crowley, Broker/Owner RE/MAX Alliance Group
As prices continue to rise throughout the real estate market due to the imbalance of supply and demand, concerns over housing affordability are increasingly at the forefront of any skepticism about the sustainability of this market.
There are two main components of housing affordability – the amount of down payment required to purchase a home and the resulting monthly mortgage payment.
While most borrowers focus on the monthly mortgage payment, there is also a large misconception that at least 20% of the purchase price must be saved as a down payment on the purchase. Potential borrowers may be pleasantly surprised to learn that there are various lending programs designed to allow qualified borrowers the opportunity to finance up to 100% of the purchase price, thus reducing (and in some cases eliminating) the initial hurdle of setting aside a large sum of money to purchase a home.
The largest pool of products that provide for loans up to 95% of the purchase price are provided by government backed mortgages from Fannie Mae or Freddie Mac. These loans provide more traditional loan products to qualified borrowers with the addition of mortgage insurance to cover the increased risk for borrowers choosing lower down payments for their home purchase.
In some cases, borrowers that earn 80% or less of the median income for the county in which they are buying could qualify for 3% down and lower mortgage insurance. This contrasts with another federally backed loan product called an FHA loan which will allow borrowers to qualify for 3.5% down toward the purchase price. The main difference with this program is that it requires a fee of 1.75% mortgage insurance premium that can be financed into the loan and paying additional mortgage insurance for the life of the loan.
As previously mentioned, there are some loan products that will eliminate the down payment completely and provide 100% of the financing of the purchase price of the home. One program is the USDA home loan program that has certain restrictions for qualification. Most notably, USDA loans are only available to properties located in certain rural areas as defined by the USDA (visit the USDA website to search for eligible areas).
Another popular, but often underutilized program is the VA home loan program for military veterans (and others that qualify for a Certificate of Eligibility). This program provides 100% financing options for loans up to $1 million.
It is important to understand that all of these programs have certain limitations and underwriting guidelines to qualify. These products are not to be confused with the exotic sub-prime mortgages that contributed to the financial crisis in 2008. Those loans encouraged risky and sometimes predatory lending that led to the high level of loan defaults and subsequent foreclosure crisis. Today, however, federal guidelines and lender scrutiny have contributed toward a much more qualified pool of financed transactions with less risk of borrower default.
Since there are various limitations to each of these programs, it is important to consult with a local mortgage professional to assess the options that may be available. Some potential qualified buyers may be sitting on the sidelines of this robust housing market thinking that they do not have the funds to purchase a home, when in fact, the programs discussed above could provide a path to home ownership.
We would like to thank our guest author Peter Crowley Larry and Ann Brzostek
As always, for all your Real Estate needs in the Sarasota Area Call or Text Larry @ 941-993-3125 or Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com
Do you prefer charcoal, gas, wood, or pellet grill? What’s your favorite thing to grill? Are you a hot dogs and burgers type or prefer kabobs and grilled fruit?
If you’re stuck on what exactly to put on the coals, check out these recipes:
As always, for all your Real Estate needs, call or text Larry @ 941-993-3125 or Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com
Meet with a Real Estate Professional – Discuss the type of home you are looking for, including style, price and location. (The Buyer’s Advantage – As the homebuyer your agent’s commission is paid by the seller of the home in almost all circumstances. This means your representation costs you nothing!)
Get Pre-Approved – You will need pay stubs, W2s, and bank statements. Knowing what you can afford is critical to a successful home shopping experience.
Search for Homes – The fun part! I will schedule showings and help you find the perfect home. Advanced Search – Not all real estate websites are the same. My RE/MAX site has the tools and systems to ensure you see every available home that meets your criteria.
Make an Offer – I will prepare the offer based on the price and terms you choose.
Negotiation and Contract – It may take a few tries to get it just right, but hang in there. You’re on your way!
The Contract – in most cases the contract provides you with a timeline to obtain financing, as well as time to inspect the physical condition of the home. I will inform you of all your rights and responsibilities related to the contract.
In Escrow – You and the Seller have agreed to the price and term. The home is effectively held for you until closing.
Final Details – Perform due diligence, order the appraisal, conduct an inspection, and review terms with the lender.
Preparing for Closing – You will be finalizing your loan, reviewing documents, and discussing the findings from the inspection. As your agent, I will be managing this entire process for you.
Closing – This is the transfer of funds and ownership. A title company or an attorney typically acts as an independent third party to facilitate the closing.
CONGRATULATIONS! You are a New Home Owner!
Source: Breakthrough Broker
Have a Great Day! Larry and Ann
As always, for all your Real Estate needs, call or text Larry @ 941-993-3125 or Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com
Real Estate Monthly Statistics for Sarasota County April 2021
1056 Homes SOLD (UP 64.5% from April 2020) Median Sold Price $380,000 (up 21.8% from April 2020 Average 22 Days on the Market (average was 61.5% days April 2020) Months of Available Inventory .6 – DOWN 86% from April 2020
“My goal is listening to your Real Estate wants and needs then fulfilling them.”
Have a Great Day! Larry
If you have any questions about the Sarasota Real Estate Market Call or Text me @ 941-993-3125 My RE/MAX Site: LarrySellsSarasota.com
Cobblestone on Palmer Ranch is a gated community with 180 two to four bedroom homes, located west of the intersection of McIntosh Road and Sawyer Loop Road.
Amenities: Clubhouse with gathering rooms and a catering kitchen and fitness center. Outside there is a heated pool with cabanas and spa. The community also has pickle ball & bocce ball courts, dog park, and a playground.
Shopping: Sarasota Square Mall with Costco Beneva Village with Publix, Walgreens, GymSRQ, restaurants and more. Also, the Gulf Gate Public Library is close-by.
Recreation: The Legacy Trail for walking, running and biking. Also close to Potter Park YMCA.
Golf: TPC Prestancia is a private golf club with two 18 hole golf courses located at 4409 TCP Drive, West of I-75 in Sarasota. Amenities include a Mediterranean Clubhouse, this club is a member of the TPC network.
Convenient to I-75 Siesta Key is just several miles away west on Clark Rd with Siesta Beach and Siesta Village for shopping and dining.
Map is powered by OODLE and shows the location of Cobblestone on Palmer Ranch
Have a Great Day! Larry
As always, for all your Real Estate needs, Call or Text Larry @ 941-993-3125 or Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com
by Peter Crowley, President of RE/MAX Alliance Group
Peter Crowley, President RE/MAX Alliance Group
As a real estate broker, I am bombarded with offers from different real estate vendors promising to create more leads, close more sales, generate more listings and a host of other “game changing” offerings. Every so often, one of these companies addresses an important need for our current real estate market that requires a closer look.
It should come as no surprise that our local residential real estate market is moving at a healthy pace with a surge in demand that is outstripping the available supply of homes for sale. One factor that is holding back more home sellers from listing their home is the concern about finding their replacement home. In the competitive buying market that we are experiencing, with often multiple offers on an available listing, it is more important than ever to present an attractive offer free of contingencies (particularly the need to sell your existing home first).
One company has identified an opportunity to solve this problem through a combination of funding and technology. Knock is a lending company that combines conventional financing along with a form of a bridge loan to help potential sellers identify and purchase their replacement home before listing their home on the market.
The Knock Home Swap program checks several important boxes in our competitive real estate market. When a seller works with a Knock-certified real estate agent, they are first pre-approved through Knock for the purchase of their identified replacement home. Now, the potential seller can submit an attractive offer on their replacement home and have better footing with other cash offers that may exist on the replacement home. If the offer is accepted, the seller moves into the replacement home and then has up to 6 months to sell their original home. By leveraging the equity in the original home (Knock typically requires 30% equity), Knock can offer up to 6 months interest free mortgage coverage on the original home plus up to $25,000 to make necessary repairs on the existing home. Now, a seller who was originally reluctant to list their home for fear of not finding a suitable replacement home, can now accomplish both goals and provide much needed listing inventory to the market.
Of course none of this is free, but the 1.25% convenience fee, similar to an origination fee on conventional mortgages, is typically factored into the new mortgage. Knock recently entered the Tampa Bay market (extending down to Englewood) so it will be interesting to see if there is a demand for this type of lending product. I have no stake in Knock, but I do applaud this company for identifying a real need in the residential real estate market and then developing a solution that results in a positive outcome for all involved.
We would like to thank our guest author Peter Crowley Larry and Ann Brzostek
Larry is Certified in the Knock Program
As always, for all your Real Estate needs in the Sarasota Area Call or Text Larry @ 941-993-3125 or Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com
Unfortunately, our homes don’t always grow with us. What may have initially worked fine for a single person, a young couple’s starter home, or a family with a newborn can quickly become too small as families expand and multiple generations live under one roof.
Remodeling and adding to your home is one option for creating more space, but it can be costly, and the size of your property may be prohibitive. That’s when moving to a bigger home becomes the best solution.
WHERE DO YOU NEED MORE SPACE?
The first thought when upsizing your home is to simply consider square footage, bedrooms, and bathrooms. But it’s important to take a more critical approach to how your space will actually be used. If you have younger children (or possibly more on the way), then focusing on bedrooms and bathrooms makes sense. But if your children are closer to heading off to college or starting their own families, it may be better to prioritize group spaces like the kitchen, dining room, living room, and outdoor space—it’ll pay off during the holidays or summer vacations, when everyone is coming to visit for big gatherings.
MOVING OUTWARD
If you need more space, but don’t necessarily want a more expensive home, you can probably get a lot more house for your money if you move a little further from a city center. While the walkability and short commutes of a dense neighborhood or condo are hard to leave beyond, your lifestyle—and preferences for hosting Thanksgiving, barbecues, and birthdays—might mean that a spacious home in the suburbs makes the most sense. It’s your best option for upsizing while avoiding a heftier price tag.
Have a Great Day! Larry and Ann
As always, for all your Real Estate needs, call or text Larry @ 941-993-3125 or Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com
Ann and I will also be exploring and posting photos of the beaches this month… home to see you on the beach!
Have a Great Day! Larry
As always, for all your Real Estate needs, call or text Larry @ 941-993-3125 or Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com
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