sarasota real estate news
Many of our clients rent out their Sarasota properties to help cover expenses and to benefit from some tax breaks. But to get those tax breaks, owners should be careful. Basically the IRS treats your beachfront villa as either a residential property or a rental property. A residential property is one you personally use either…
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A recent front page headline in The Sarasota Herald Tribune asked the question. Have Sarasota properties slowed down ? Maureen and I, like many of our fellow realtors, had clients cancel their long-planned Sarasota house hunting visit during season because the freezing weather up north forced them to cancel their travel plans. And sure, mortgage…
It’s best to know the general mortgage rules of condo financing before you start to shop for a condominium for sale in Sarasota. For Conventional and Jumbo financing, condo buyers have to put down the following amounts if they intend to work with a Michael Saunders in-house mortgage. For a primary residence purchase …25% down. For…
One of Sarasota’s oldest and most popular Lido Key beach hotels is for sale. The Helmsley Sandcastle Hotel on Lido Key next door to the Ritz beach Club is taking bids. The initial date to submit offers is December 10th. They will then go back to some of the offers and request a “Best…
The Sarasota real estate market did not show signs of slowing down despite the Government shutdown and the increase of interest rates. Sarasota houses for sale and condos for sale experienced an increase not seen since the boom 10 years ago. Here is the article in Thursday’s Herald Tribune in case you missed it. Maureen Doherty…
