On December 6 HUD has released updated loan limits for FHA financed single family homes. NORTH PORT-SARASOTA-BRADENTON, FL MSA (Metropolitan Statistical Area) Sarasota & Manatee Counties $285,200 PUNTA GORDA, FL (MSA) CHARLOTTE County $296,250 24143 Peachland Blvd Port Charlotte, FL 33980 Office: (941)235-0933 Chase Lending Advisors … Keep reading... about New FHA Mortgage Limits
Home Buying and Selling
Are Investors Flipping
This morning a customer said to me, “I hear that people are starting to “flip houses” again. What is going on is not what she had in mind. “Flipping” has always been part of the real estate market and probably always will. When a savvy investor find a home that is in need of repair with a good prospect of appreciation, he or she buys. They complete repairs and maintenance, add … Keep reading... about Are Investors Flipping
Florida’s real estate market improved during the 2013 third quarter
According to a report by the Florida Association of Realtors®, real estate in Florida closed more sales than the same period a year prior. Florida’s unemployment rate is lower than the national average which may have helped the real estate sales situation. The statewide price of single family homes showed an increase of 18.6% over the same period a year ago. The price of … Keep reading... about Florida’s real estate market improved during the 2013 third quarter
Pending home sales continue decline in Sept, 2013
According to research by the National Association of Realtors®, pending home sales, homes that have contract to sell but have not closed escrow, have declined for the 4th month in a row. We are seeing the same in Southwest Florida as slow sales continue a buyer's market. According to the report, September marks the first time in 29 months that pending home sales weren’t above … Keep reading... about Pending home sales continue decline in Sept, 2013
Don't Pay a Transaction Fee!
Sometime back, a letter in the Sun-Herald discussed Transaction Fees charged by real estate brokerages. The letter writer said that his agent’s brokerage added an additional transaction fee of $295 on top of the commission. In this area many of the franchise brokers charge these fees. On the date of the letter, Prudential Village Realty, charged a transaction fee of $175 which … Keep reading... about Don't Pay a Transaction Fee!