Sarasota Real Estate News

Sarasota Real Estate Update - New Homes and Mortgages

November 3rd, 2022 2:26 PM by Linda Holley

Mortgage Rates: Today over 1,400 people have read my blog. Thank you!  

David McLaughlin, NFM Lending, my preferred lender, advises that we marry our home but "date" the rate. That means that you'll have the home for many years (forever maybe?) but your mortgage rate can change in the future with refinancing. You can also "buy down" the interest rate with points when purchasing your home. David McLaughlin can be reached at 941-724-7653

New Homes: I see SIGNIFICANT price reductions for new homes in the $500-$600,000's - from $75,000 to $100,000 off. Call me for more info.

Condos: Buy newer! With the new FL legislative changes, the state will be requiring engineer studies and funding reserves for condos 20 years and older. Different criteria applies to age, height, and distance from the beach. Stay tuned for more information on that.

Linda Holley, Realtor, GRI, SRES, Fine Properties 941-914-4914

Posted by Linda Holley on November 3rd, 2022 2:26 PM

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