April 16th, 2025 1:13 PM by Linda Holley
It's a great time for homebuying in Sarasota. Price reductions are offsetting higher interest rates; I see it every day. Plus, buyers should look for discounts for homeowners' insurance in Florida based on the age of the roof and type of roofing material. For example, hip tile roofs are built to last 25-30 years while shingle roofs may need replacing in 10-15 years. If you have questions about insurance--or if you want an insurance quote--please contact me and I'll connect you with a member of the William Raveis insurance team.
Addendum H to the Florida purchase contract will protect buyers if they can't get homeowners or flood insurance or if the premium is exorbitant. Buyers Agents should ALWAYS include Addendum H in the contract to protect buyers. Don't wait to haggle with the seller over roof repairs after the home inspection...make it part of the initial offer or you stand to lose your earnest money deposit.
Appraisals for cash purchases...a MUST because if the appraised value of the property is less than the purchase price, then the price is adjusted to the appraised value. The purchase price on one home was recently adjusted to $165,000 below the original offer.
JUST LISTED by William Raveis Real Estate, Siesta Key: 5324 Siesta Cove Court, 3 BR, 4 BA home near the white powder sands of Siesta Key. $1,250,000. Click link below to see this home and call me if you'd like more information.
CLICK HERE
Realtors across the country are still navigating our way through the new laws enacted by the National Association of Realtors (NAR). We now have (1) Buyers Brokerage Agreements, (2) Compensation Agreements - Sellers Broker to Buyers Broker and (3) Modifications as well. Realtors and brokerages must be knowledgeable on the laws, forms, and new requirements. Otherwise, we are fined for non-compliance, and it also affects contract negotiations. It's important for brokerages to use agreements and forms that have been approved by the Florida Realtors.
Can you believe that there is an initiative to abolish the Florida Real Estate Commission (FREC). LOL LOL
FREC protects the rights of consumers and also keeps "rogue Realtors" in line.
Linda Holley, GRI, SRES, CIPS, Sarasota Realtor, William Raveis Real Estate, Siesta Key 941-941-4914
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