Realty Check
Sarasota Real Estate Market Report for The Enclave, Villages at Pinetree
What are the consequences for borrowers that “walk-away”?
The lending industry and the government are taking aim at “walk-away” home owners who stop making payments and months later mail the house keys back to their lender. Read more….
Why do you think its broken?
You don’t like us, its been documented.
You’re going to go and buy the “new home” without me because you; 1. Think that you know what you’re doing. 2. You don’t want to work with a Realtor. 3. You’ve bought a home before and think you did alright. 4. You’ll wait until the last minute and then call in someone you know or just find the agent or builder that is looking to get the most money out of you that they can.
You see, studies have shown that the view of the real estate profession is rated as low as a used car salesperson. Sure, they’re out there. Unethical sales people that look only after their own interest exist, its no surprise. There is always a bad apple in the bunch.
Don’t Be Shy! Qualify me! Interview me! Check my testimonials and call my past clients to screen me! I have no problems with you “Google-ling me”. Check to verify my Florida Real Estate Broker License.
Professionals use Professionals! You should never be unrepresented when buying or selling real estate.
Things you shouldn’t wait until the last minute to know:
- Negotiation
- Closing costs
- Possession
- Title search abstract history
- Home inspections
- Closing date negotiation
- Escrow and earnest deposits
- Setbacks
- Easements
- Homeowner Associations
- Covenants and deed restrictions
- Homeowners Insurance
- Flood Zones
- Repair costs
- Home warranty
- Clauses
- Contingencies
- Addendums
- Consulting a Real Estate Attorney
- Your rights to access the property while under contract
- Renting or leasing your property
- Lease options
- Mold inspections
- Financing
- Property survey
- Title policy
- Property taxes, old and new
- Whose representing the seller
- Mortgage application
- Comparative Market Analysis (where are you going to get the sold data if its not in the MLS?)
- Sellers disclosure
- Buyers disclosure
- HUD statement
- Foreclosure
- Short Sale
- Condominium Documents
- Right of recession
- Liens and lis pendens
- Walk thru
- Loan commitment
- Loan approval
- Pre-payment penalty
- Recast option in your mortgage
- Paying points
- Encroachments
- Hazard insurance
- Single Agent representation
- Federal Fair Housing Law
I can only help you. The rest is up to you. I hope you’ll contact me to assist you with your real estate needs.
Sarasota Communities Weblog 
January 18, 2008 at 7:36 pm
If I could work in Sarasota, I’d be all over this place. If the house doesn’t get ya’, that music will. Another great listing by a real Pro!
January 18, 2008 at 7:49 pm
Thanks Mr. Shafer. Can I call you about that oceanfront property? Your boat will have deep water access. Happy New Year!
January 18, 2008 at 8:35 pm
I finally sold the boat, so that is no longer an issue. Thanks for following up, Bill.
January 21, 2008 at 6:53 pm
You bring up an important point about real estate and home prices. The media often refers to real estate as if it is a homogenous commodity with events affecting real estate across the board. As you and I know, all real estate is not created equal. You indicated that the Sarasota real estate market is doing better than the Florida market. What many people fail to realize is that real estate prices and values and desirability can vary even over a small town or area. Applying such terms as buyer’s market or seller’s market too broadly can have disastrous results. As one of 3 offers on a house in Charlotte in 2007, the first day on the market, our final bid was above asking price
in a so called buyer’s market.
January 22, 2008 at 3:26 pm
Thank you for your post.
Very true and great insight. Our mission is to educate potential buyers of real estate, as well as the press, on these indicators. I have mixed feelings about median price reports. They don’t give enough detail to the local market activity. However, the press always uses this in their reports.
Great schools, strong commerce centers, local amenities and other variables, bring more activity to specific locations of real estate than others.
January 23, 2008 at 3:57 pm
I have been listening to mainline media for over a year portraying the
overall real estate market as bad and the economy as being in a tailspin.
Now the politicians are doing the same thing. When I hear generalizations or
claims that seem preposterous, I always question the motives.
Now for a reality check. Interest rates are incredibly low. Anyone with a job
and decent credit can get a loan. Real estate bargains abound. I look at real
estate in the Sarasota FL area and over much of NC and I believe that anyone not taking advantage of the current market conditions is making a
big mistake. I bought a cottage at the Outer Banks of NC years ago when
the prices were a real steal and interest rates were low. It was a no brainer.
Similar conditions exist today. Carpe Diem.
January 23, 2008 at 7:55 pm
Want to own a summer home in Florida and a winter home in NC? Want to play golf in 2 of the best places in the world, Florida and North Carolina? Skybus makes this easier and very affordable. Greensboro NC has direct flights to 3 cities in Florida. One is Punta Gorda, midway between
Sarasota and Fort Myers.