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Sarasota Real Estate News

Looking back <on April and moving >forward in May From: Realtor Association of Sarasota and Manatee Local Housing Market Delayed by Stay-at-Home Order in April SARASOTA, Fla. (May 21, 2020) – When Governor Ron DeSantis signed a stay-at-home order for the month of April 2020, a pause in the housing market was expected. The new…

An updated Guide to New Downtown Sarasota Condos for Sale NOW

Its hard to keep track of all those cranes in Downtown Sarasota’s skyline.  While each development is in it’s very own construction phase ‘and many already complete –you need one place to go to get answers to your questions.  It can get confusing and it is important to point out what developments are rental apartments…

What does the new FIRPTA mean to you

New FIRPTA Changes for Foreign Sellers !! Maureen and I just represented two Canadians who sold their Palmer Ranch home in Villagewalk . Although they loved their unit, and Sarasota, they basically sold to reap the huge currency exchange gains. This couple purchased in 2010 for $215,000 when the US dollar and Canadian dollar were…

TRID New Closing and Mortgage Rules in Effect!

Across the country ( not just Florida !) lenders, title companies and consumers must now adhere to new Federal Government mandated real estate closing guidelines called TRID (TILA-RESPA Integrated Disclosure). With little media exposure, and little fanfare, the following is now the new normal as at October 3/15… **Good Faith Estimates and Truth-in-Lending statements are…

Where can you find a home in a Golf Community under $200,000

Here’s your dilemna…you want a reasonably priced golf getaway for the winter months…but you don’t want to pay golf fees all year round. The answer? River Strand at Heritage Harbour. Lennar Homes are offering NEW 2015 2 bedroom 2 bath condo’s in the beautiful gated, maintenance free Terrace section. Yes, you get stainless steel appliances, granite…

Canadians are encouraged to buy a Florida home

The Bank of Montreal, one of Canada’s largest banks, has published a circular stating that “U.S. housing affordability remains healthy, and prices are expected to increase in Florida.” The bank is bullish on Florida real estate despite the strengthening US dollar and more strict border crossing rules. “Overall, U.S. house prices have soared 2o percent…

Why do most Canadian buyers in Sarasota end up paying cash ?

Canadians are by far the largest international purchasers of Sarasota real estate.  Additionally, the vast majority of Canadians pay cash for their Sarasota property. The reasons are threefold. Firstly, the lending criteria is very strict for Canadians. Whereas American citizen’s commonly obtain loans for 80% to 90% of the properties value, Canadians and other international buyers…