Team Dunn’s Siesta Key gulf-side listing in Excelsior Bay has new carpet and new furniture—and the furniture stays (6266 Midnight Pass Road, Unit 404). The beach and gulf-side pool are just a few steps away, and what a fabulous gulf view from the lanai! New pictures are coming (See below photo of Excelsior Bay gulf-side pool). 5302 Cape Leyte in Siesta Isles sold for $580,000, or $352 per sq ft. Comps in this subdivision sold for $343 per sq ft, so we were pleased with this great cash offer. When I was new to real estate in Atlanta, Rick Brinkman, VP of Harry Norman, Realtors in Atlanta, told his new agents that one of the most rewarding benefits of selling real estate would be the friends we make in this business. He was correct. It was truly a pleasure working with this lovely couple. This house was under contract in 74 days, which is average for Siesta Isles. The Sellers did everything right: the kitchen was updated, the roof and HVAC were newer, flooring and paint looked great, and it was in tip-top condition. They also listened. We asked them to get it appraised--and they did. After 30 days, we asked them to reduce the price--and they did. We asked them to give us a list of furniture and furnishings that would stay--and they graciously took the time to do this. We were all frustrated when a couple of lowball offers came in, but we waited for the right offer—and it came! Siesta Isles is a short walk or bike ride to Siesta Key public beach and there are a variety of single family homes on the market today, some of which are on the canal.
Siesta Beach - Excelsior condo under contract! 6266 Midnight Pass, Unit 403, is being sold “As-Is” with no contingencies to a cash buyer, $50,000 below market price. Like many investors, the Buyers put this under contract with their Realtor and THEN flew down to see it. I saw it for the first time on our Michael Saunders & Company tour, called the Buyers and told them what they needed to offer and they should move quickly to get it under contract, and next please book their tickets. And they listened! I knew it was priced to sell and it would not last with the ocean view and updated kitchen, under $800k. The Seller was in the process of negotiating another offer when we came in immediately with a deal they could not refuse. I later learned that the other agent negotiating with the other Buyer works in my office--and he is one of Siesta Key’s top Realtors….Ai-Yi-Yi! However, this is an example of a Buyer overthinking a Seller’s counteroffer; I always tell Buyers not to play around with the last $5,000, and risk losing the property, it’s just not worth it.
If you did not know, Sarasota and Siesta Key had a tornado in January 2016. Excelsior and Crystal Sands on Siesta beach were hit, and nothing sold while the repairs were under way. All repairs at Excelsior were completed expeditiously, and properties are selling once again; but it’s a different story next door in Crystal Sands. Their insurance company questioned liability, so the owners had a fight on their hands. I just don’t understand…a tornado is an “act of God,” right? Last I heard, the insurance may or may not pay for the repairs, and owners could be assessed $18,000 - $24,000 each for balcony repairs, and there may be additional work to be done on the concrete. The homeowner’s association borrowed the money for the repairs and the work is now under way.
Tornado damage in Excelsior was handled with no assessments. In Unit #403, the windows that were broken by the tornado were replaced by the association, and that included the sliding glass door off the lanai. However, the Buyers’ home inspection in #403 this week revealed that the laminate flooring was buckling in front of the sliding glass doors and the Seller agreed to replace the damaged wood; but then I began to wonder what caused the buckling. I remembered that a Buyer and I worked through this issue when I sold a waterfront property in Grand Bay on Longboat Key a few months ago, and Mark Smith from Window Panes came out and offered a free assessment. He poured water in the door track, and the water did not leak into the Grand Bay condo, so the door track was not leaking inside the unit.
Thursday, I called Mark Smith once again and asked him for another free assessment – this time for the Excelsior #403 sliding glass door and…the water leaked from both sides of the door track—outside to the lanai and inside onto the floor. Fortunately, the property manager was there and he saw that the bad calking job on the lanai was allowing the water back into the condo and preventing it from draining to the outside. This issue will be fixed by the homeowner’s association before the Buyers take possession next month. Yes, this was an As-Is deal and the Seller did not have to take care of the floor repair, but they agreed to. I am very impressed with the property management, on-site rental manager, and the homeowner’s association at Excelsior Bay. It is my understanding that the unit next door, #404, did not have broken glass or windows replaced, but anytime a Buyer puts in an offer in on a waterfront property, I recommend that they test the sliding glass door track for leaking – because we do have some strong storms in Sarasota and leaks can lead to mold.
Things Buyers must not overlook when buying a resale: Roofs, HVAC, old pipes, and leaking windows and sliding glass doors. Concrete block homes built in the 1950’s and 1960’s can be purchased at a good price here in Sarasota, but unless the roof, HVAC, and pipes have been replaced, beware: these are big ticket items. Should you have the septic system checked and plumbing lines scoped in older homes? Absolutely! Buyers need to know about the potential of upcoming repairs and that may affect the amount they are willing to offer for the property. I like to use Addendum L (Right to Inspect and Right to Cancel) to the Florida FR/BAR contract, because if the age of the roof, plumbing, and HVAC are of concern, this Addendum gives Buyers the right to cancel. Without Addendum L, a Buyer can terminate the contract for repair issues only if there are items that are not in “Working Condition,” which is defined as “operating in the manner in which the item was designed to operate.” In other words, if the HVAC is 35 years old/rusty and dusty, but it’s still cooling the property, the Buyer does not have the right to cancel unless Addendum L is part of the contract.
Realtors know to remind Buyers of future repairs that can affect the value of a home…and we can refer you to excellent companies who can inspect and re-inspect during due diligence until the Buyer is satisfied that they have all the facts to proceed with the sale. But if you try to purchase a home that is advertised “For Sale by Owner,” and you are not using a Realtor to remind you of these things, it could cost you big bucks down the road. Like my accountant says, “Pay me now or pay me later.”
Linda’s List – offered by Michael Saunders and Team Dunn:
Excelsior Bay, 6266 Midnight Pass Road, #404, 2BR 2BA, 1,253 sq ft, washer/dryer, $749,000. Gulf view, two heated pools, fishing pier, fitness center, tennis courts. A4189950.
Siesta Towers, 4822 Ocean Blvd, 2BR 2BA, 1440 sq ft, eleventh floor, price to be determined. Gulf and Big Pass view of Sarasota Bay, extensive remodel equivalent to new construction.
Longboat Key – Listed by Michael Saunders & Company:
1770 Ben Franklin Drive, #104, Lido Harbour Towers, 1BR 1BA, $395,000 A4192418.
411 Pheasant Drive, Bird Key, 5BR 4-1/2 BA $2,250,000. A4190335 (See Photo).
1750 Ben Franklin Drive #5G, Key Towers South, 2BR 2BA, $580,000. A4192160 (See Photo).
Go to LindaHrealtor.com and enter the MLS number that begins with “A” to see more information about these properties.
Thanks for reading my blog! A total of 13,386 people have read my blog the past 30 days according to Google Analytics, and if it’s on the internet, it must be true, right? Please don’t text and drive, and call me at 941-914-4914 if I can assist you with your Sarasota, Siesta Key, Longboat Key, and Venice real estate needs. Ready to sell? I have worldwide connections to the very best Realtors, and I also do business by referral. Let me find the best agent in your city to assist you with your real estate needs!
Most sincerely yours,
Linda Holley. Realtor, GRI, Michael Saunders & Company
411 Pheasant Drive, Bird Key1750 Ben Franklin Dr. #5G, Key Towers South
Good morning,
Thank you! According to Google Analytics this morning, a total of 9,738 people read my blog the past 30 days, and 622 entered my website, LindaHrealtor.com, through my blog posts (under Home tab). There are many pages with helpful real estate information, but my blogs are, by far, the most popular. It shows what I’ve been up to in real estate the past 3 years, good or bad.
Good news! I have joined Team Dunn with Siesta Key’s Michael Saunders and Co. My teammates, Lin and Maurice, are among our company’s top agents and are THE BEST in marketing and negotiating; they have received the 5-Star Client Satisfaction Award for 8 years. Together, Team Dunn offers of 50 years’ real estate expertise to the Sarasota community. I’m very excited!
Team Dunn and I worked together to market and sell 5302 Cape Leyte Drive in Siesta Isles, just a short walk to Siesta Key’s public beach. That home is under contract today, and we close next month. Friday, I pulled the neighborhood statistics for Siesta Isles, and here’s what I found: This home was under contract in 76 days, and the average days on the market is 74 days. It has some very nice updates, a newer roof and HVAC, plus it was very clean and clutter-free. The Seller listened: they got an appraisal, and we had a range for negotiating purposes. Buyers saw this home at one of my open houses. BUT current listings in Siesta Isles have been on the market 167 days, and if I were one of those Realtors, I would be very worried and talking to Sellers about price reductions, because most of these homes are much farther from the beach than our Cape Leyte listing. My marketing material going out to that neighborhood this week will recommend getting an appraisal if a resident is thinking about selling. It’s about location, location, location, and on Siesta, “How far do I have to walk before my tired toes are in that beautiful, warm white sand?”
Thinking about relocating to Sarasota? I recommend it! My family relocated here from Atlanta, and it’s simply an awesome place to raise a family. The schools are excellent, and there are wonderful recreational facilities, parks, and performing arts. Most of the jobs here are in education, the service industry or medical field. When I first came to Sarasota, I could not sell real estate (because I was involved in a 3-year lawsuits, with contractors and realtors in the southwest over some ski condos that I invested in), so I did a variety of things until we settled the cases. I was a Kelly Girl and had some cool assignments all over town, and in between, I “drove Miss Daisy” to medical appointments and did home health care at some very nice rehabilitation centers. People should not tell me that they can’t find a job, because I worked during the recession in a new town. Some of this will be in my book about my lawsuits, Motion to Intervene, that will be available in Barnes and Noble and Amazon this fall. Thinking about buying a new home? Wait for my book and you’ll know how to check out the contractors and Realtors and why I recommend using an attorney to review contracts and for closing.
Millennials are 34% of home buyers and over 66% plan to purchase a new home within the next 5 years. They are better informed about their options than any other generation before them. They will buy a $200 pair of jeans after they try on 67 different pairs. The way that they shop for homes is no different--and they prefer to work with real estate agents.
Getting your home ready to sell? Here’s how to make your home more attractive to Millennials:
Make all necessary repairs and upgrades before listing.
Consider updating kitchens and baths - these have always sold homes, but now they are more important than ever.
Do an energy efficiency audit and make upgrades anywhere you can, including solar panels.
Consider upgrading any old appliances.
Install smart home features like programmable thermostats.
They prefer open floor plans, home offices, and good internet/cell services.
Since more than three-quarters of Millennial home buyers find the listings online, good photography is everything. They drive by first, and then contact a realtor to make an appointment.
Most get their down payments from their parents, so negotiating a Seller credit to Buyers at closing will appeal to Mom and Dad—who will probably come along on the showings.
(How Millennials Are Changing the Housing Market by John White, Founder and CMO, Social Marketing Solutions@juanblanco76)
Linda’s List!
Below are my picks for this week – to see photos, go to LindaHrealtor.com and enter the MLS number beginning with “A” in the Home Search field. Call me if you are in town and want to see!
A4189950, Siesta condo – 6266 Midnight Pass Road, #404, Excelsior Condominiums, gulf view, 2 BR 2BA, $749,000, 1,253 sq ft, pet-friendly, furnished with washer/dryer. Great rental! Listed by Team Dunn.
A4169402, Whitfield Estates community near Sarasota Bradenton Airport – European charm: 1198 Longfellow Way, Shadybrook Village, 3 BR 2.5 BA, 1408 sq ft, price reduced to $139,000, updates, landscaped front entry, gated outdoor living area, furnished, new HVAC, pet-friendly (up to 100 pounds). Listed by Team Dunn.
Thinking about listing your home? Now is an excellent time! I hold Open Houses all year, but I meet local Sarasota residents this time of the year. A local friend and customer pointed out that locals don’t get out as much during the winter when our seasonal residents are here. We wait until there is less traffic and there’s a shorter wait time at restaurants. So don’t be afraid to put your home on the market this summer or fall, because there’s a good chance your Buyer is already here.
That’s all for today, please don’t text and drive, and do call me at 941-914-4914 if I can answer your questions about Sarasota real estate, Siesta condos, or homes in Venice, Florida. “Check me out on Facebook”
https://www.facebook.com/LindaHolleyLLC/
Linda Holley, Realtor, GRI, Team Dunn, 5100 Ocean Blvd, Siesta Key, Florida 34242, Michael Saunders & Company
According to Google, 3,788 people read my blog last week…THANK YOU!
Lawrence Yun, National Association of Realtors Chief Economist, says that home shoppers are coming out in droves competing with one another other for listings in the affordable price range. "In most areas, the lower the price of a home for sale, the more competition there is for it. Buyers are showing resiliency given the challenging conditions; however, at some point — and the sooner the better — price growth must ease to a healthier rate. Otherwise sales could slow if affordability conditions worsen."
Linda’s List
5302 Cape Leyte, my favorite single family home in Siesta Isles, 2BR 2BA, den, garage, open floor plan with over 1,600 sq ft, beautifully maintained, large yard compared to other Siesta Key single family homes, many updates, newer air conditioner, block/stucco, less than a five-minute bike ride to Siesta Key Beach. This is the least expensive single family home in Siesta Isles on the market today. Love this neighborhood! Call me at 941-914-4914 for more information. Listed at $619,000.
6037 E. Peppertree Way #228, condo, Peppertree Bay, 2BR 2BA, enclosed balcony, views of Intercoastal waterway and downtown Sarasota, 1,180 square feet with washer/dryer. Peppertree Bay is a condo community-- beach to bay-- with two pools, fitness center, and updated clubhouse. One month minimum rentals, four times a year. $590,000. Listed by Michael Saunders & Co.
1275 Dockside Place, #216, condo Harbour Towne, 3BR 3BA, deeded boat slip accommodating boat up to 45 feet, garage, one-month minimum rentals, three times a year; now $669,000, which is more than$100,000 price reduction. Listed by Michael Saunders & Co.
Siesta Real Estate Facts:
114 properties have been on the market longer than 180 days and 26 have been on the market over one year. Three are single family homes from $514,000 to $850,000, all updated, BUT none are within walking distance of the beach or Village. Location, location, location! This is why 5302 Cape Leyte is such an awesome deal!
Fastest selling Siesta beach condos:
Just to give you an idea of the people’s choices, here are the fastest selling Siesta condos the past six months looking at days on the market in MLS. The average price shown below includes all sizes and locations. Many are investment properties that rent by the day, several are gulf side, have deeded beach access, or are an easy walk to the beach. Could be many reasons that these properties sold within days of being listed, so just call me if I can answer any questions for you! Linda Holley, Realtor, Siesta Key Michael Saunders & Company, 941-914-4914.
Anchorage $470,00.
Beachway Apts $402,000.
Boca Siesta $469,000.
Casa Blanca Villas $388,000.
Casa Mar $342,000.
Castaway Cove $406,000
Continentals Sea Club $311,000.
Ebbtide $260,000.
Harbor Towers $396,000.
Horizons West $475,000.
Inlet Apartments $302,000.
Jamaica Royale $439,000.
La Siesta $354,000.
Palm Bay Club $407,000.
Peppertree Bay $420,000.
Pointe on Midnight Pass $349,000.
Polynesian Gardens $400,000.
Provincial Gardens $399,000.
Sandy Cove $457,000.
Sara Sea $375,000.
Sea Crest Apts $389,000.
Sea Village $499,000.
Sea Shell $430,000.
Siesta Harbor $307,000
Siesta Rev, $350,000
Siesta Royale $340,000
White Sands Village $274,000.
Crystal Sands: The backup offer that I discussed last week did not come to fruition. The property closed this week at a price lower than our offer, which means that the Buyers did everything the Sellers wanted all the way through to closing. Crystal Sands had tornado damage over a year ago, and the homeowners association had to borrow money for repairs because the insurance company has not paid. Our backup offer was for a 2BR, 2BA on the 2nd floor unit, completely updated, with a direct gulf view that sold for $700,000; the price was reduced from $798,000 (which is market price for a full gulf view) and it was on the market 463 days. The discussion between the Buyer and Seller in my backup offer was about who would pay a potential assessment of $18,000. The Buyer I worked with was willing to do this, but the primary offer won because that Buyer met all the Seller’s terms. So, if you are a Buyer with a contract to purchase a property, be careful playing hardball with the Seller because there may be a backup offer on the table that is better than yours. A 3BR unit just came on the market in Crystal Sands on the 11th floor with a fantastic view for $1,050,000; saw it yesterday, BEAUTIFUL!!
WIRE FRAUD ALERT – “Show me the Money!” Throughout the US business industry, hackers are emailing individuals with banking information to wire funds directly to them. The money goes into their account but it was not the recipient the sender of the money expected. This has now reached the real estate industry and Buyers are in jeopardy. If you receive an email from an individual with wiring instructions, always verify!
SURVEILLANCE: If you list your home with Michael Saunders & Company and have surveillance equipment in your home, we must disclose that! Sellers can keep their eye on people viewing their home and attending Open Houses, which is a violation of their privacy unless it is disclosed. We are living in a different world, folks!
DEED RESTRICTIONS: Whether you are a Buyer or Seller, it’s important to get a copy of the deed restrictions. You’ll find out about the approved policies such as rentals, pets, and vehicles allowed. You’ll be surprised what homeowners agreed upon decades ago, and some are in serious need of updating legally. Sadly, this week I obtained a copy of deed restrictions for a Sarasota neighborhood that is over 60 years old, and the deed restrictions clearly violate the Fair Housing Laws. I have a feeling it won’t be long until these deed restrictions follow federal laws…speaking of “different worlds” and this was not that long ago! How sad!!!
Have a great week, please don’t text and drive, and call me if I can answer any questions about Sarasota real estate. Visit my website at LindaHrealtor.com for helpful information about buying and selling real estate, and see my previous blog posts at LindaHrealtor.com/blog.
Linda Holley, Realtor, GRI
Michael Saunders & Company
941-914-4914
Happy Easter! Good morning and thank you for reading my blog, which provides helpful information about Easter Sunrise Services tomorrow, April 16, 2017, events coming up on Siesta Key, what you need to know about flood insurance, Linda’s List of favorite homes on the market today in Sarasota, and what you need to know about luxury homes across the globe. If you have not subscribed to my blog, just email me at LindaHrealtor@gmail.com.
Easter Sunrise Services!
April 16, 2017: Easter Sunrise Services – 6:30 – 7:30 a.m., Siesta Key Beach near the pavilion. Bring a beach chair or blanket. Hosted by Pine Shores Presbyterian Church, Sarasota, FL.
6:30 Bayfront Park/Marina south of Marina Jack’s downtown beside O’Leary’s Grill, 5 Bayfront Drive, Sarasota, FL. Bring beach chair or blanket.
Siesta Beach Upcoming Events: www.escape-to-sarasota.com/siesta-key-activities.
April 22-23, 2017: Siesta Key Volley America Spalding King of the Beach Big Shot Volleyball Tournament featuring 25 nets, open men, women, juniors, and collegiate levels. Saturday 8:00 a.m. – 6:00 p.m., Sunday starts at 9 a.m. Siesta Key Beach volley ball area. Beach Road, Siesta Key.
April 29-30, 2017 – 39th Annual Siesta Fiesta. Outdoor, open air street party and arts and crafts fair is held in Siesta Village on Siesta Key just off Sarasota, 10 a.m. – 5 p.m. both days. Siesta Key Beach.
Linda’s List:
5302 Cape Leyte Drive, Siesta Key Beach, Sarasota, FL 34242 walk to the beach, bike to Siesta Village from this beautifully well-maintained 2 bedrooms 2 bath, den/office single family home. Room for pool, circle driveway; open floor plan over 1,649 sq ft under air, many updates, turnkey furnished, garage, fantastic back yard with 22 mature palm trees, perfect for entertaining and enjoying sunsets on the gulf. 1/3 of an acre. $619,000.
901 Beach Road Unit, La Siesta condominiums, Sarasota, FL 34242 across from Siesta Key Beach, full gulf view 2 bedrooms 2 bath, 940 sq ft under air, furnished, annual rental income $25-30K, priced at $450,000.
1525 Eastbrook Drive, Kentwood Estates, Sarasota, FL 34231 4 bedrooms, 3.5 baths, .45 acre, 4,218 total square feet, travertine and bamboo flooring, deck with pool overlooking lake, chef’s kitchen, impact windows and new roof. Convenient to Siesta Beach, downtown Sarasota, and Venice. $1,175,000.
7833 Holiday Drive, Sarasota, FL 34231, 3 BR 3BA “West of the Trail” pool home with 3,601 total square feet. Over half an acre and one block from the Bay.
FLOOD INSURANCE FACTS: 56% of people think they have flood insurance…maybe not!
Real Estate Trends in Sarasota County:
The end of March, there were 5,135 homes on the market in Sarasota County, 1,684 new listings, 1,223 sold, and 1,472 pending (under contract). The average sold price was $340,000; March 2015: $334,000; March 2014: $283,000, so the Sarasota real estate market shows strong gains the past two years.
Michael Saunders has just returned from London where she attended the Luxury Global Affiliation Conference. Christies International is the global authority in marketing luxury homes, with more than 1,200 offices, 32,000 agents in 45 countries and sales volume of approximately $118 billion. Christies outperforms their competition according to recent statistics. Want to see some luxury home inventory across the globe? Go to ChristiesRealEstate.com. Michael says that “the gap” exists globally in luxury homes – the gap being the difference between Sellers’ expectations vs. what the Buyers are willing to pay. Closing the gap will happen when Sellers agree to price their properties more realistically; currently, the global market is flat for luxury homes. $2.2 million is the average starting price for luxury homes globally, and Sarasota’s luxury market is above this!
The Landings: Michael Saunders agents toured homes in central Sarasota last Tuesday and there were many homes in The Landings that we saw. This is a beautiful community located south of downtown Sarasota in the desirable “west of the trail” location. For those of you who don’t know this phrase, this location is west of Tamiami Trail, close to the gulf, and many homes are on the Intercoastal Waterway. This is a deed-restricted/gated community with large estate homes, townhomes, luxury condos, and villas. This community is designed to showcase premium lake, Intercoastal views and the beauty of nature. The Landings is a very active community with families, professionals, retirees, and seasonal residents. Activities include Trivia, yoga, bridge, cardio tennis, jazzercize, Zumba, water color painting, water aerobics, Mah Jong, and Tai Chi. Two of my favorite homes on tour were: 5408 Eagles Point Circle, 2BR 2BA condo for $399,000; 4967 Kestral Park Way N., beautifully remodeled for $449,500. 1610 Starling Drive is a 2BR 2BA villa with a large master suite for $295,000. www.TheLandingsofSarasota.com.
Backup Offers: Are you a Buyer with a contract to purchase a home and in the process of negotiating repairs with the Seller? Caution! The Seller may have a higher backup offer and could be looking for a way to get out of your contract. Last week, I closed on a luxury condo in Grand Bay, Longboat Key, with a backup contract and this week, I have another Buyer who has put in a backup contract on a Siesta property. Most realtors don’t bother to put in backups, but it is working for me!
HAPPY EASTER, EVERYONE and please don’t text and drive!
Linda Holley, Realtor, GRISarasota, Florida 941-914-4914www.LindaHrealtor.comEmail: LindaHrealtor@gmail.com
Linda’s List! This week, there are three must-see properties on my list. The first is my Open House today at 5302 Cape Leyte Drive on Siesta Key, Sarasota, Florida 34242 from 1:00 until 4:00 p.m. $639,000. Photos are on my website www.LindaHrealtor.com. Single family home is centrally located between Siesta public beach (rated the number one beach in the USA) and the Village, in the heart of Siesta Isles. This 2-bedroom plus den or home office has an open floor plan and a beautiful view all the way from the front door to the back yard--a tropical dream with 22 mature palm trees on nearly one-third of an acre. Den or home office also serves as a guest room with a sleeper sofa. This home boasts of a garage and large, east-facing front patio to enjoy the morning sun and west-facing eat-in kitchen, den or home office overlooking a covered screened lanai with two concrete decks for beautiful, relaxing sunset views, and perfect place to entertain. Plenty of room for a pool or addition. Other features: large walk-in closet in the master bedroom and many updates to include wood cabinetry in the kitchen, hurricane windows, new hurricane garage door, and a newer AC. Very warm with welcoming plenty of storage space to keep your household items and tools organized. VERY CLEAN and turnkey furnished – a must-see! Deed restrictions make Siesta Isles a very appealing location to call home. CORRECTION MY LAST BLOG: The porch/back lanai is screened, not glass, and this single family home has hurricane windows. MLS A4180498
1753 Dawn Street, 2BR condo, walk to Crescent beach on Siesta, beautifully updated, $210,000. Furniture optional. MLS A4180000 Listed by Michael Saunders & Company
554 Dove Pointe, Oaks Golf and Country Club in Osprey, FL, 3,509 sq ft pool home, listed for $979,000. 4BR plus den, spacious kitchen, quality finishes, expansive outdoor living area. MLS A4179513 Listed by Michael Saunders and Company.
Please go to my website: www.LindaHrealtor.com and search for these properties by entering the MLS number in the home search field.
VA Loans! Did you know…?
I can help military members and veterans find their new home, negotiate a deal, and refer them to lenders who know how to process these loans?
- 75 percent of military families say that owning a home is one of the most important things to them when they return home from service.
- Most military members and veterans do not quality for conventional loans due to the down payment requirement.
- VA loans have lower closing costs, lower interest rates, and flexible underwriting.
- Members serving in the Reserves or National Guard are eligible for VA loans after 6 years of duty.
- They may borrow up to $417,000 without a down payment in most parts of the country.
- They can use their VA loans multiple times and they can have multiple VA loans at the same time depending on the amount of the entitlement used in the first home.
- There are no pre-payment penalties.
- It’s important to connect with a lender who understands the different rules and how they are applied--and to work with a realtor who knows what closing costs the veteran may and may not pay. That’s important when negotiating the best deal with Sellers!
- The VA backed 630,000 loans in 2013, up 370 percent from 2007!! That is simply awesome!
- The VA Centers in Sarasota are looking for volunteers so if you have a few hours a week to spare, this is a very worthwhile way to give back to our veterans.
Have an awesome week and do call me at 941-914-4914 if I can assist you with home buying or selling in Sarasota, Palmer Ranch, Siesta, or Venice, Florida. Need a good realtor outside of this area? I’ll connect you with the best through our Relocation Department.
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