Posted by Michael Saunders & Company on March 17, 2010
In Manatee, Sarasota and Charlotte Counties, sales and pending sales for the month of February continued to paint a picture of sustained recovery across all three areas. The number of homes for sale declined by as much as 24% (in Sarasota County) versus last year, while sales were up by as much as 27.2% ( in Manatee County); and pendings up by as much as 57.3% in Charlotte County.
Recent trends in the Southwest Florida real estate market—as reported by TRENDGRAPHIX—continue to show encouraging signs of a market in recovery. Year-over-year inventories of existing homes for sale are down by nearly a fifth to a quarter across all three counties of Southwest Florida; while both closed and pending sales in Sarasota, Manatee and Charlotte Counties remain steady and dramatic.
New Homes & Condominiums director Amy Drake discusses why an over supply of inventory and lowering prices make this a great time to buy new construction in real estate.
To see our complete collection of videos, click here.
If you have questions for Michael Saunders, email AskMichael@michaelsaunders.com.
In the following video, Michael Saunders discusses the property-buying and selling alternatives that have emerged and become more prevalent within the last few years.
Congress extends the popular $8,000 tax credit for homebuyers.
New legislation passed through the United States Congress has extended and expanded the first-time homebuyer tax credit. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, the law also allows home sales occurring by June 30, 2010 to qualify, provided they are due to a binding sales contract on or before April 30, 2010.
The extended Act covers sales occurring after November 6, 2009, and establishes income limits of $125,000 for single taxpayers and $225,000 for married couples filing joint returns. The new law:
• Extends the deadline for purchasing and closing on a home
• Authorizes the credit for long-time homeowners buying a replacement primary
• Raises the income limitations for homeowners claiming the credit
The Worker, Homeownership, and Business Assistance Act of 2009 has also established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a primary residence after November 6, 2009 and on or before April 30, 2010.
Below are basic questions and answers regarding the extended $8,000 Homebuyer Tax Credit and the $6,500 move-up/repeat buyer credit. For more in-depth queries, we encourage you to consult a qualified tax advisor or professional. (more…)
The Michael Saunders & Company video team is happy to showcase Maryann Casey’s listing at 1230 Gulf Blvd in Englewood, FL. This charming Beach Cottage is just steps from the white sandy beach of Manasota Key. Feel the Gulf breeze on the large lanai, ideal for entertaining or just relaxing.
The Englewood area offers an assortment of lifestyle options. From soaring condominium residences to quaint beach cottages, there is something to suit every taste.
The old adage “location, location, location” is an apt description of the undiscovered Englewood, Placida, Punta Gorda area. It is a Mecca for water lovers; from world-class fishing and boating to its uncrowded beaches, there is always a water sport or recreational activity to enjoy. This area is perfect for those who want a quiet and laidback lifestyle, but also want to be within proximity to fine dining, cultural activities and night life, as downtown Sarasota offers many amenities and is an easy drive.
Market Update
Barbara Saputo, branch manager of Michael Saunders & Company’s Englewood office, reports a significant increase in property showings in the last few weeks for listings priced according to current conditions. Those that are priced to the market are going to get shown, from the high-end, beachfront condominiums to the moderately priced single-family homes. Buyers will also find new construction properties throughout the area—of particular interest are the single-family units in Pennington Place and paired villas in Stillwater. Both neighborhoods are conveniently located, gated, and offer a host of community amenities. (more…)
Take your time and find the right Realtor for you and your family. Image courtesy of sandywright.
When you decide to buy or sell a home, you are about to embark on one of the most important financial situations most people face, yet so many give too little thought to finding the right real estate agent to assist their unique needs. When working with the ideal agent, you can save yourself time and aggravation in your real estate experience in selling your home for top dollar or finding the home that suits your price range and taste.
Here are 10 helpful tips to help you choose the right Realtor for you: (more…)
Does refinancing fit your situation?
Whether you're buying a home or refinancing, MSC Mortgage provides valuable online tools
and resources to help you make the decisions that are right for you.
For the best service with any of your home financing needs,
talk to one of our private mortgage bankers today.
