Renting Your Home for Vacation Rentals – Changes for 2017

Renting Your Home for Vacation Rentals – Changes for 2017

Your Property on Rental Websites Local officials are reviewing short term rental websites, looking for code violations, cross-referencing the properties to be sure the owner does not have a homestead exemption, and checking to be sure the taxes are being paid for rentals of six months or less.  If you advertise your property on the […]

Sarasota Florida Real Estate Sales 2016

Sarasota Florida Real Estate Sales 2016

SARASOTA, Fla. (December 21, 2016) – Total closed sales are up by 8.7 percent from November 2015 for single family homes and condos in Sarasota and Manatee counties. Single family homes showed the most improvement from last year, with a 10.5 percent increase in the two-county area, while condos also increased by 4.5 percent.  Inventory […]

Real Estate Stats for Florida Home Sales Dec 6, 2016

Real Estate Stats for Florida Home Sales Dec 6, 2016

Report: Home prices still ‘have room to run’   There’s still a lot of equity-building potential for homeowners. Freddie Mac’s Multi-Indicator Market Index (MiMi) stands at 86, which the mortgage giant says is on the “outer edge of its historic benchmark range of housing activity.” In Florida, the Index is a bit better coming in […]

Sarasota Real Estate Statistics for August 2016

Sarasota Real Estate Statistics for August 2016

Less Distressed Sales Indicate a Healthier Market SARASOTA, Fla. (August 24, 2016) – Sales of distressed properties in the two-county area continued to decline in August, down 53.9 percent from the same month last year. Distressed sales in August comprised only 5.8 percent of total sales compared to 12.8 percent last August. Closed sales of single family […]

HARP Refinancing Extended: Home Affordable Refinance Program

HARP Refinancing Extended: Home Affordable Refinance Program

Seven years after the federal government first offered an option to help some homeowners refinance into more affordable mortgages, the program is being extended until September 2017. The Home Affordable Refinance Program, or HARP, already had been extended at least twice and was scheduled to end at the end of this year. But HARP will continue […]

Equal Opportunity for Condo Loans!

Equal Opportunity for Condo Loans!

Finally this bill passed! Good news for buyers and sellers of condos. H.R.3700 — 114th Congress (2015-2016) 07/29/2016 Became Public Law No: 114-201. Housing Opportunity Through Modernization Act of 2016 In Part: The FHA must apply to FHA condominium mortgage insurance the existing standards of the Federal Housing Finance Agency (FHFA) relating to encumbrances under […]