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Sun Blog: Real Estate News & Information

Real Estate News & Information

Southwest Florida Real Estate Market

The Southwest Florida real estate market looks promising in the last quarter of 2018. The housing forecast shows that home prices have risen 9.6% over the last year, and the demand is still strong. Sales of single-family homes located in the area rose 0.8% in the second quarter of this year compared to last year. Homes priced under $300,000 tend to sell best. Perhaps it is … Keep reading... about Southwest Florida Real Estate Market

FHA Requirements for a Seller

While FHA has relaxed some of the repair requirements for FHA loan approval, there are still many that a seller should consider. If a seller is intent on selling a home "as-is", the seller should be aware of the items FHA will enforce. However, if a seller is still amenable to an FHA mortgage, they should be sure to place a specific dollar cap on repairs that the FHA … Keep reading... about FHA Requirements for a Seller

Buy a home in Southwest Florida

Is 2018 the year to buy a home in Southwest Florida? Analyzing the right time to buy a home in Southwest Florida, otherwise known as "Market Timing", is difficult to calculate. Personal and societal economics are in constant change. Nevertheless, we all need someplace to live and a home is one of our biggest investments. Even if you are considering a second home, it is a … Keep reading... about Buy a home in Southwest Florida

FIRPTA Foreign Investment in Real Property Tax Act

FIRPTA Foreign Investment in Real Property Tax Act The United States Federal Tax Law requires that a foreign citizen who sells real estate owned in this country pay taxes on the profit of such sale. To insure that the tax is paid, 15% of the proceeds at closing are withheld and transferred to the United States Treasury. The 15% withholding is mandatory if the seller is a … Keep reading... about FIRPTA Foreign Investment in Real Property Tax Act

Home Prices in SW Florida

Home Prices Rise Slowly A recent study by Standard & Poor’s and its research partners have determined that home prices across the nation are rising at a moderate rate. This is good news as real estate markets show recovery but have not returned to panic speculation. This, coupled with strong consumer confidence suggests a good time to buy a home. According to economic … Keep reading... about Home Prices in SW Florida

To Build or Buy an Existing Home

There are many reasons to build a new home but there are just as many reasons to consider an existing home. A person considering a move should carefully weigh the costs and challenges whether to build or buy an existing home. In Florida, the average time to complete new home construction is seven months. However, that number is somewhat misleading. Seven months is the … Keep reading... about To Build or Buy an Existing Home

Homeownership in Sarasota Area

Sarasota Homeownership According to research by the National Association of Realtors (NAR), the rate of homeownership has fallen to its lowest level since 1965. Today in many areas, people are renting homes when they actually can afford to buy. For most people, owning a home is their most secure and valuable investment. Homeownership is a way to save money each month without … Keep reading... about Homeownership in Sarasota Area

National Flood Insurance Program NFIP

National Flood Insurance Program (NFIP) US Senators from New Jersey, Cory Booker and Bob Menendez have written a letter to Federal Emergency Management Agency (FEMA) calling for changes to the National Flood Insurance Program (NFIP). The letter states that the agency that oversees flood insurance for millions of homes in vulnerable areas has done too little to mitigate the … Keep reading... about National Flood Insurance Program NFIP

Missed Condo or HOA Payments

Missed condo or HOA payments soon to effect credit score Some property owners have been rather cavalier in submitting their payments to Condominium Associations or Home Owners Associations. If they make the payment a few weeks, months or even years late, there was really nothing to worry about. That is about to change. One major credit reporting agency is planning to … Keep reading... about Missed Condo or HOA Payments

Real Estate Sales Report Charlotte and Sarasota Counties, FL August 2015

Real Estate Sales Reports for Single Family Homes sold in Charlotte and Sarasota Counties in the 30 days prior to 9/5/2015 During August, 2015 there were 1,037 single family homes reported sold in the MLS of Charlotte and Sarasota Counties. Ave. Listing Price: $302,862 Ave. Selling Price: $289,067 Ave. Selling Price as a Percent of List Price: 95% 344 of the reported … Keep reading... about Real Estate Sales Report Charlotte and Sarasota Counties, FL August 2015

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