Sarasota Real Estate

Controlling the Cost of Heating & Cooling Your Florida Home

2009-06-15T13:11:00.000-07:00

As we enter the warmer part of the year here in Florida, it is useful to remember that as much as 50% or more of the energy used in your home goes to heating and cooling. If you are trying to save money or you're trying to embrace a "greener", or more eco-friendly lifestyle, do you know enough about the nature of heat transfer to make the right decisions? Let's review the basics of how "heat" works.

Heating and cooling your home are both instances of "heat transfer." First, let's dispense with the notion that heat always rises. That is true in only one form of heat transfer. In general, heat energy flows in all directions equally. There are three different ways in which heat is transferred; conduction, convection and radiation.

Conduction is the form of heat transfer through a material, for example, the walls of your home. For any given amount of in-wall insulation, measured in its R-value, conduction is what accounts for the heat loss (or for cooling, heat-build-up) through the walls and roof.

Convection heat transfer occurs when heat travels in a moving fluid or gas, for example the heat energy that moves along with the passage of air. The "wind chill" you hear about in weather reports is a measure of how much heat energy is transferred by convection when you're outside due to the effect of wind.

The third form of heat transfer is radiation. Radiation is the transfer of heat energy through empty space, or the way the sun warms the Earth. Radiant heating is not affected by being in contact with a solid material the way conduction loss does, or by moving along in a fluid or gas the way convection does. Radiant heat transfer is what warms your home when the sun is out.

You can use your knowledge of these 3 forms of heat transfer to make your home building or remodeling project more energy efficient.

You can reduce the amount of heat build-up (or conversely, cooling loss) due to conduction through your walls by increasing the R-value of the insulation in the walls by adding more. Installing double-pane windows and sliding glass doors, if your home wasn't built with them originally, will reduce conductive loss of those items. The gases between the two panes of glass along with films and coatings (e.g.; "low-E") can increase the insulating value of doors and windows from R-2 to R-6 or more.

Caulking or using foam insulation material to seal crevices or openings around doors, windows and electrical outlets will reduce convection heating or cooling loss caused by air infiltration.

Fireplaces are a big source of convective heat transfer as air continuously flows up the chimney if the flue damper isn't air-tight. If you have a fireplace, put air-tight glass doors in front of it and keep the flue damper closed when the fireplace is not in use. But, beware, don't forget to open that damper before your start the fireplace. Just remember to close it again when the fireplace has cooled back down.

Many sources of heat build-up (or cooling loss) are affected by more than one form of heat transfer. Since windows and sliding glass doors suffer from both conductive and convective heat transfer, consider using high energy-efficiency Energy Star doors and windows for any building or remodeling project. As another example, while radiant heat transfer is why a home with a roof exposed to the sun gets warmer, you can use convection to your advantage to alleviate part of the problem. Installing a heat-activated fan system in your attic will use convection to blow the heated air in your attic out through vents preventing it from transferring its heat energy, through conduction and convection, into your living space below.

If your home is in a particularly sunny location, you might consider planting deciduous trees, such as river birch, on the south side of the home for shade from the sun in the summer. You can avoid radiant heat build-up from the sun by closing drapes and blinds on the southern side of your home in the summer, yet take advantage of the sun's radiant heat transfer by keeping the drapes and blinds open during the day to allow sunlight to enter and warm your home during cooler months. And those leafy trees you planted will allow the sunlight through to warm your home in the winter months when their foliage is much less dense.

If it's time to replace your heat pump or an appliance, look for Energy Star-rated appliances. Energy Star-rated appliances like clothes washers, dryers, refrigerators and dishwashers not only use less electricity; they also transfer less heat into your home through all three forms of heat transfer, conduction, convection and radiation.

Pay attention to smaller changes that offer big savings, many of which are more efficient because of their lower heat transfers. Use energy-saving compact fluorescent lamp bulbs. Turn off all lights when not in use; lights generate radiant heat. Keep shrubs and other obstructions from blocking free air flow around your external heat pump unit which relies upon convection to dissipate its heat build-up. And, change your furnace filter every 3 months. A dirty filter slows down air movement reducing the effectiveness of the convection heat transfer your air conditioning system relies upon.

Understanding the different kinds of heat transfer and how to use that knowledge to reduce your home's energy consumption can save you a serious amount of money as well as make your home more comfortable to live in.

Come experience our Sunny Sarasota Florida paradise. Find your perfect new home among the Sarasota real estate offerings available here every day.

Would you like to know more about the Sarasota Florida real estate market and the energy-efficent homes now being built here. I'd be happy to send you my free Sarasota Real Estate buyer information package. Or, if you prefer, call me directly at (941) 266-1799 or toll-free at my office at (800) 966-2334.

Consumer Confidence is Up - Home & Condo Bargains in Sarasota Florida

2009-05-27T08:48:00.000-07:00

U.S. consumer confidence soared in May to its highest level in eight months, suggesting underlying improvement in the economy after a grim first quarter that witnessed a record plunge in home prices.

The Conference Board, an industry group, said on Tuesday, May 26th, that its index of consumer attitudes jumped to 54.9 in May from a revised 40.8 in April, well above forecasts centered around 42.0. That was the biggest one-month jump since April 2003 when many Americans believed the war in Iraq was coming to a rapid conclusion.

The consumer confidence data was in line with other evidence suggesting that, while the economy continues to contract in this quarter, the pace of deterioration has substantially slowed. "That moderation in the rate of decline in economic activity is raising hopes that an actual improvement will take hold in coming months" said Mark Vitner, senior economist at Wachovia.

According to a recent Standard & Poor's/Case Shiller index, during the first quarter of 2009 alone, U.S. home prices fell by 19.1%, the most in the 21-year history of the survey. Given the improvement in consumer confidence combined with the dramatic reduction in home prices that has occurred in the past year, it is no surprise that in the Sarasota - Bradenton real estate market, home and condominium sales have come back to life.

"We believe the current climate of historically low interest rates, major incentives for first-time home buyers, and the many other government programs designed to stabilize the economy and the housing industry are all having a very positive impact," said 2009 SAR President Bill Geller. "Every downturn is followed by an upturn - we know this to be true historically. We've been through a difficult time in the Sarasota real estate industry, and ... we are seeing now the beginnings of a new, dynamic era"

Home prices in Southwest Florida have not been this low in years and mortgage rates are still at all-time lows. The Sarasota - Bradenton - Venice Florida real estate market is literally bursting with properties for sale at the most attractive prices in years. With short sales and foreclosures as well as builders still trying to sell their excess inventories and the normal amount of families down-sizing, up-sizing and upgrading, there is a home, condominium or villa in the greater Sarasota market priced very attractively in every price range for every family.

Whether you are looking for a golf course community, a waterfront location, or a supremely comfortable neighborhood, the Sarasota - Bradenton Florida real estate market has something that is perfect for you.

It won't be long before Sarasota real estate property prices start climbing again. so don't miss this opportunity. Visit my Sarasota real estate website to learn more about Sarasota Florida or call me today at 941-266-1799 to learn just how attractive home prices in the Sarasota Florida real estate market really are.

Sarasota Home Sales Rise Dramatically in March 2009

2009-04-21T09:39:00.000-07:00

The Sarasota Association of Realtors recently issued a news release on home sales for the month of March, 2009.

The Sarasota real estate market saw sales rise to the highest level of the year in March 2009, besting the previous month by 33 percent.

In addition, the median sales price for single family homes rose after steadily declining since late last year, indicating a potential sign of the bottoming of the local market.

The overall sales level of 481 was the highest since June 2008, Of those sales, 353 were single family homes while 128 were condominiums.

The good news also extended to pending sales, which once again rose in March 2009 to 817. The last time pending sales climbed over 800 was in March 2006, when pending sales also were reported at 817. The total of 817 was 21 percent higher than the 679 pending sales reported in March 2008.

According to the Sarasota Association of Realtors®, 645 single family homes and 175 condominiums went under contract in March 2009. Pending sales have now exceeded the 500 level for the 15 consecutive months. The SAR report reflects a steady, strong pattern, and indicates that prospective home buyers are more active in the Sarasota market even in the face of difficult economic times.

"The recently enacted first-time homebuyers' tax credit of up to $8,000 will likely continue to boost sales this year," Bill Geller, president of the Sarasota Association of Realtors, said. Those who meet eligibility requirements and purchase a home this year prior to Dec. 1 are eligible for a tax credit of up to $8,000, and unlike the 2008 tax credit, this one does not have to be repaid.

Another important market tracker, the absorption rate of properties on the market, continues to track lower than last year at this time for both single family homes and condominiums, as hones for sale inventories have declined."

It won't be long before Sarasota real estate property prices start climbing again. Don't miss this opportunity. Call me at 941-266-1799 to learn more about how attractive the Sarasota Florida real estate market and the area itself really are.

Welcome to Palm Bay Club on Siesta Key

2009-03-23T11:59:00.000-07:00

Palm Bay Club on Siesta Key is one of the most sought after Sarasota area condo complexes. Built in 1970 and located at a wonderful part of the beach, these condo units in the tower, which are directly on the beach, have breathtaking views of the turquoise water and white sands.

There are also less-expensive low-rise units on the gulf side and bay side that are just a comfortablly short stroll to the beach. Palm Bay Club also includes an olympic size pool, tennis courts and a clubhouse

Condos at Palm Bay Club make attractive investments because this is one of the few beachfront complexes that allow short term rentals.

If you would like to know more about Palm Bay Club, Siesta Key real estate opportunities, or about the delightful Siesta Key beach, just request my free Sarasota Florida real estate informtion package or call me.

Come experience Sarasota Florida and the Palm Bay community on Siesta Key. You'll be really glad you did.

Providing you with Sarasota Florida real estate information on waterfront and beach homes and condos in all price ranges is my goal. I invite you to learn more about the Sarasota, Bradenton, Lakewood Ranch and Longboat Key waterfront communities. I invite you to visit my Sarasota real estate website. Request my free Sarasota Real Estate Package or just call me directly at (941) 266-1799. You may also call me toll-free at my RE/MAX Alliance Group office at (800) 966-2334

Is it Time for "Real People" to Start Looking at Homes

2009-02-28T06:59:00.000-08:00

A recent local newspaper article stated something that applies pretty generally to all of the Southwest Florida "Sun Coast".

At last, "real people" are starting to buy homes again. Realtors from Marco Island to Tampa Bay are beginning to see more prospective buyers who are looking for "homes of their own." Previously, Realtors have been seeing mostly bottom-feeders looking to "steal a home" in a short sale or foreclosure and speculators still trying to make money by "flipping" a home as an investment option.

Why is this happening? In large part, this trend is occurring because the price of homes and condos have come down far enough that the average family can actually afford to buy a home again. Previously, in many Florida communities, home prices had become so high that the average family could not afford to buy one based upon their family income and other non-housing expenses to which they were already committed.

Across the U.S., in the 4th quarter of 2008 about 41% of all real estate transactions were either foreclosures or short sales. That helped to reduce the number of such properties on the market dragging prices down. New home construction fell again in January, 2009. Currently new construction home sales are essentially limited to distress sales of homebuilders’ existing model home inventories plus a few custom homes. While this may seem like negative news, the dramatic reduction in the number of new homes being built also helps work off the high volume of homes currently on the market.

Meanwhile, in January, 2009, in Lee and Collier Counties existing home sales increased by 155% pending sales in the Sarasota Florda real estate market rose to 683both positive signs that "real people" are back in th markt looking for homes.

In Lee and Collier County Florida, the current inventory of existing homes on the market is now down to a 4.2 month supply, a big drop from the 21.5 months supply on the market a year ago. The number of homes for sale in Sarasota has dropped to just over 4,400 in January, 2009 from numbers far higher than that last year.

So, what should you do about this if you are considering buying a home ? You need to stop "dreaming" of a home of your own and get started taking the steps to actually "owning a home of your own" in Florida's Sun Coast. The best way to get started may be to contct Rich Stover, a Sarasot real estate expert, at 941-266-1799 or e-mail him at rstover9@comcast.net

Sarasota Waterfront and Downtown Communities

2009-01-10T13:42:00.000-08:00

I have just added two new sections to my Sarasota Florida real estate website that you may wish to revew.

First, we have added a whole new section on some of the most popular Sarasota Waterfront communities and neighborhoods.

I have also substantially expanded the Sarasota Downtown Residences section providing even more information on all the wonderful living spaces, from condos and townhomes to traditional neighborhoods, available in downtown Sarasota.

These two new sections, in addition to our already large section on Sarasota golf course communities provide you with an extensive overview of the wide variety of communites and neighborhoods in the Sarasota and Manatee county real estate market in which you are sure to find exactly the right living space and lifestyle of your dreams.

Feel free to use the information request forms on my website, but for more immediate service, you may wish to call me on my direct line at 941-266-1799. I'd would be happy to answer any questions you may have.

Going "Green" in Your Sarasota Home or Condo

2009-01-05T06:24:00.000-08:00

I would like to invite you to read an article about building or remodeling a home in a more sustainable, energy efficient and "eco-friendly" way. Improving your home or condominium in this manner will not only benefit you immediately, it wll also increase its value when and if you decide to sell it.

This informative article is on my website as Going "Green" in your Home.

Our RE/MAX Alliance Group office, one of the largest real estate brokerages in Florida, with offices in the Sarasota, Bradenton and Venice Florida, is one of the first real estate companies in the country to demonstrate a commitment to green business practices and promoting green home ownership in Southwest Florida.

I know a bit about sustainability and energy efficiency and I'd be happy to pass that informaztion long to you as you search for a more energy-efficient or eco-friendly home in Sarasota Florida.

Interested ? I would be delighted to help you find the best home for you at the right price whether you are looking for a "green" home or a more traditional offering. My Sarasota Florida real estate website cotains information on all types of living spaces from golf course communities, to waterfront homes and urban living spaces and condos in downtown Sarasota. To learn more about Sarasota and the services I offer visit my website. For more immediate service, call me on my direct line at 941-266-1799.

Drastically Reduced Home for Sale in Sarasota Florida

2008-12-22T08:16:00.000-08:00

I would like to introduce you to one of the most unique homes in the city of Sarasota Florida's oldest residential and historic neighborhood, McClellan Park. Surrounded by lush oak trees in a picture postcard setting, the price of this delightful home has been drastically reduced for a quick sale.

You can view a slide show of the features of this adorable home at Sarasota Home For Sale - Drastically Reduced Price.

If you are a Realtor interested in showing this home, or if you are a person considering investing in a truly unique home in Sarasota, Florida and would like to tour this home yourself, you can contact me directly on my cellphone at 941-266-1799 or E-Mail Me today.

Sarasota may become the Baltimore Orioles Spring Training Center

2008-12-19T11:00:00.000-08:00

Recently there has been a flurry of activity among both Sarasota County and City of Sarasota officials and the Baltimore Orioles baseball team management regarding proposals to move the Oriles Spring Training facilities to Sarasota.

You can read an interesting article on this rapidly developing story on my website at
Baltimore Orioles May Be Coming To Sarasota.

Sarasota continues to be an attractive place with an ever growing list of amenities in addition to its fine weather and confortable lifestyle.

If you are ready to learn why, if you are going to invest in Florida real estate, Sarasota Florida is the right place to do it, contact me by E-Mail or complete my Sarasota Information Request Form. In a hurry ? Then call me directly at 941-266-1799.

Why the Sarasota Real Estate Market is About to Recover

2008-12-11T11:11:00.001-08:00

I read a very intriguing article this morning which was written by James A. Crumbaugh III, CEO of Allison James Estates & Homes. I am copying the content of that article here because I believe Mr Crumbaugh is absolutely right in his understanding of WHY the Sarasota real estate market is poised to have a much better year in 2009 than 2008 has been.
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RISMEDIA, Dec. 10, 2008- I’m always accused of being overly optimistic about the real estate market. You have to understand that after 35 + years in the business, everything is just a cycle to me and when we go through a cycle like we’ve been going through, then my thoughts become “How long will the cycle last?”

You may have read my previous article titled The Perfect Storm, where I discussed the reasons that I thought this real estate market was poised to turn around. We are seeing the market improve almost on a daily basis recently. Is it the facts that I stated in my article that is causing the turn around? Absolutely that’s part of the turnaround.

However, there is another dynamic at work here. I’ll call it the "Obama Effect." I’m a Republican and I voted for John McCain, but I’m sensing an optimism starting to build in this country. I will give President Elect Obama credit where credit is due, and I will be the first to admit that at this point he is being very proactive at turning around the financial crisis in this country.

As the optimism improves, and I think it will, from here to the inauguration, and for the honeymoon period following the inauguration, we will continue to see an improvement in the optimism in this country.

With the automotive bailout, real estate is bound to improve in the Michigan area and probably the entire rust belt, therefore improving Florida real estate. The retirees will be able to sell their homes in Michigan and retire to Florida or other states popular among retirees.

The public works project will put hundreds of thousands of workers back to work and at good wages. I still believe we have a pent up demand for the last three years of buyers wanting to buy. Once these buyers are employed again and flush with income, the market will start to improve.

Then you have very low fuel prices that allow the consumer more discretionary income to spend.

Then we have the potential for 4 ½ % mortgage rates.

When you start to take a hard look at where we are poised as an industry, no matter how pessimistic you are, you have got to believe we are in for a return of a good real estate market if not an excellent real estate market.

The stars are lining up:

- An improved automotive market
- Low fuel prices
- Workers going back to work
- Good wages
- Low real estate prices
- Low mortgage rates

I’m becoming more optimistic just writing this article. I don’t believe you can argue the facts as I just them pointed out. Things are looking up for the Florida real estate industry........

James A. Crumbaugh III is CEO of Allison James Estates & Homes.
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If you are a retiree, a real estate investor, or a broker or realtor, better times are coming in 2009 because the bear maket in housing is headed for a turn-around and it will turn around early in 2009.

If you are ready to learn why, if you are going to invest in Florida real estate, Sarasota Florida is the right place to do it, contact me by E-Mail or complete my Sarasota Information Request Form. In a hurry ? Then call me directly at 941-266-1799.

Sarasota Home Sales Are Picking Up

2008-12-08T11:44:00.000-08:00

Buying a South Florida home seems to be suddenly back in vogue again as home prices continue to fall to levels not seen in a long time.

First-time buyers are finally being able to afford a home of their own. Retirees with cash are also getting into the game, pulling their money out of the stock market and investing in South Florida real estate at prices they thought they might never see again. With mortgage rates at historic lows, even traditional real estate investors are returning to the market. No, they re not "flipping properties" this time. These investors plan to either live the home themselves or rent them until the Florida real estate market recovers from its disasterous recent past.

Pending home sales in Sarasota remained above 500 for the third month in a row. 306 single fmily homes sold in October 2008 versus only 264 in October of 2007. Single fmily homes sold for an average of $257,000 according to the Sarasota Association of Realtors. Pre-foreclosure sales go for even less as Florida job losses and falling home and condo prices sent another 90,000 homes into foreclosure across the state in the past quarter. There wwas just over an 18 month of supply of homes on the market in October 2008 versus almost 32 motnhs worth of supply in October of 2007.

On the dowside, however,with the U.S. economy as a whole slumping badly and the huge supply of existing and pre-foreclosure short sale and bank-owned homes and condos already on the, prices may stay low and not begin to recover until well into 2009 or even later.

If you have been thinking about buying South Florida real estate, this is a great time to get serious about it. In the Sarasota market, for example, you may want to contact Rich Stover, Sarasota FL real estate agent or Andre Huffine, Bradenton realtor, For golf course homes, you may want to visit the website of Connie Belmont Sarasota golf course homes expert. For waterfront homes, Judie Berger is your Siesta Key real estate specialist.

What Effect will Obama's Election Have on Sarasota Real Estate

2008-11-21T13:42:00.000-08:00

The election of Senator Barack Obama as president of the United States in concert with gains by Democrats in the U.S. House of Representatives and the Senate leds one to ponder, "How will the policies of the Obama administration affect the real estate and housing industry, especially here in Florida ?"

According to the National Association of Realtors (NAR) President, Charles McMillan, “Realtors® are excited by this historic election and ready to work with our new president and Congress on issues that are at the heart of the American dream - 'home ownership.'”

Availability of affordable mortgage financing and small business health insurance coverage are at the top of NAR's and Florida Realtor's priorities. Importantly, those two issues are also priorities of both of the major parties.

REFORM OF FANNIE MAE & FREDDIE MAC
NAR analysts expect the Obama Administration and the new Congress to focus first and foremost on regulatory reform of the country’s financial services industry. Lawmakers will be looking at what went wrong and what needs to change to ensure proper regulation of mortgage and other asset-backed securities.

A large part of this review will focus on potential changes to the secondary mortgage market companies, Fannie Mae and Freddie Mac, which are currently under government conservatorship. Among the options: folding them completely into the federal government, making them 100% private, or keeping them as the public-private hybrids they currently are.

ANOTHER STIMULUS PACKAGE
The Obama administration and Congress can also be expected to push through another economic stimulus package, particularly if the outgoing 110th Congress balks at passing one. Hopefully this will be a stimulus package aimed more at stimulating jobs and therefore the ability of the public to consider buying a home, than the original package. NAR and the Florida Association of Realtors (FAR)are also pushing Congress to make the conforming high-cost loan limit of $729,750 permanent and to eliminate the repayment requirement in the currrent first-time homebuyer tax credit, both of which would help to stimulate the housing market.

FORECLOSURE ASSISTANCE & AFFORDABLE MORTGAGE FINANCING
NAR also expects the Obama administration and Congress to assure that Wall Street banks that are being "rescued" use some of that $700 billion to slow down the rate of home foreclosures and make home mortgage financing more available at reasonable rates. Many Florida communities are witnessing painful downward pricing pressure on homes for sale inventories due to the huge overhang of housing units in foreclosure.

HEALTH INSURANCE REFORM
Looking ahead, Congress, with leadership from the new President, is expected to also take on comprehensive health insurance reform, an issue that impacts real estate professions as well as all small businesses. Making small business health insurance more affordable would be a great benefit to Realtors as well as to the millions of other small businesses in the U.S.

While in the short-term, everything is focused on turning the U.S. and global economies around, looking forward to the new Obama administration, there seem to be as many opportunities as challenges. The nomination by President Obama of Tim Geithner to head the Treasury Department is a good omen. He is a talented and experienced expert on the U.S. and global financial world.

Because many of the issues facing the real estate industry are supported by both the Democratic and Repulican parties, it seems as though we have a good chance for improvement in the real estate market. And, it is certianly true that the real estate industry, especially here in Sarasotam Florida, can use all the help it can get and the sooner the better.

If you have questions now or in the future about buying or selling a home or condo in the Sarasota Bradenton or Venice area, feel free to call upon Rich Stover, Sarasota Realtor, an honest, experienced real estate professional.

Process for Filing an Appeal of Property Valuation

2008-10-13T13:19:00.000-07:00

There is a formal process by which Sarasota County property owners can petition to have the assessment of their property reconsidered. All such petitions must be submitted to the County Clerk's office which passes them on to the "Value Adjustment Board" (VAB). The VAB consists of two members of the Board of County Commissioners, one member of the County School Board, and two Citizen Members. The VAB appoints Special Magistrates who are empowered to conduct hearings on any petitions filed.

Petitions to the Value Adjustment Board are to be used only if you disagree with the value that has been placed on your property. If you are objecting to the amount of your taxes only and are satisfied with the value, then you should take your complaint to the specific Taxing Authority involved, not to the VAB. The VAB cannot consider the amount of taxes you pay or your ability to pay them, nor the change from the previous year's assessment.

Florida law requires that all taxpayer petitions filed with the Clerk appealing the value placed on the property by the Property Appraiser must be sworn to by the Petitioner (if using form DR486), submitted in duplicate, and accompanied by the appropriate filing fee.

A petition filed concerning valuation issues may be filed at any time during the taxable year, on or before the 25th day following the mailing of the assessment (TRIM) notice by the Property Appraiser's Office.

Petition filed regarding denial of an exemption, an agricultural or high water recharge, classification application, an application as to historic property used for commercial or certain non-profit purposes, or a deferral must be filed any time during the taxable year on or before the 30th day following the mailing of notice by the Property Appraiser making such determination.

Petitions which have not been properly notarized (if using form DR486) or are not accompanied by the proper fee at the time of filing, will be deemed invalid and be rejected under Florida Statutes Section 194.013(3) and returned to the petitioner with appropriate filing instructions.

The return of a petition improperly filed does not grant a waiver nor extend the filing deadline for the petition. Petitions filed after the deadline will only be considered if good cause can be shown for the late filing.

More information on how to file and the steps involved in such a filing are available at Taxpayer Guide to VAB Petitions Or you may write to the
Clerk to the Value Adjustment Board, 1660 Ringling Boulevard, Sarasota, Florida 34236 or call the office at 941-861-5279.

International Clients Are Buying Florida Real Estate

2008-09-28T16:29:00.000-07:00

While several factors have contributed to the decline in Florida home sales in the past year, an increase in foreign home buyers has helped to decrease the amount of damage. according to a just-released paper from the National Association of Realtors (NAR), the 2008 “Profile of International Home Buying in Florida.”

Foreign buyers recognize U.S. real estate as a desirable, profitable and secure investment. Also, the weak U.S. dollar has made U.S., and particularly Florida, real estate investments even more attractive.

The National Association of Realtors, in cooperation with the Florida Association of Realtors, conducted a survey in August, 2008 of Florida Realtors asking about their experiences in working with international clients. The survey included over 4,800 responses from Realtors who completed over 4,000 sales transactions involving
a foreign buyer during the previous twelve months.

More than half of the Realtors reported that they had worked with at least one international client in the past 12 months. The typical Realtor in this group worked with three international clients, and about one in five worked with six or more international clients in the past year. More than one quarter of the Realtors had one property sale to an international client while 15% reported two transactions within the past 12 months. Nearly one in five Florida Realtors completed at least three home sales transactions with international buyers.

Slghtly more than 10% of Florida Realtors reported that international clients made up 50% percent or more of their business duing the year while half indicated that international clients accounted for roughly 25% of their business. One-third of Florida Realtor respondents also noted an increasing share of their business coming from international buyers over the past two years.

Although international buyers of Florida homes and condominiums come from all over the world, buyers from a few regions and countries showed a high demand for Florida properties. Canadian buyers account for more than 25% of recent sales to foreign buyers. United Kingdom buyers accounted for 21% while the rest of Western Europe accounted for an additional 25%. Latin American buyers accounted for another 17% of recent real estate sales to international clients.

While the Miami - Fort Lauderdale area was the most popular area for homes purchased by foreign buyers with 21% of such buyers while 11$ purchased real estate in the Orlando area. Sarasota - Bradenton, Tampa Bay and Fort Myers - Naples rounded out the top six areas.

In summary, Florida real estate and, in particular Southwestern Florida areas of Sarasota - Bradenton and Fort Myers - Naples, are benefitting from an influx
of international buyers. This bodes well for future Florida real estate activity. It suggests that even as U.S. buyers are still uncertain whether or not it is time to step up to the plate and buy a home or condomium in Florida, international clients are showing more confidence in an early Florida real estate market recovery. It further suggests that those who delay buying their dream home in Florida soon may find that they have to pay considerably more for the same property in just a few months.

This information excerpted in part from a National Association of Realtors Report

© 2008 Florida Association of Realtors ®

Come Visit Paradise

2008-08-05T12:59:00.000-07:00

It seems as though Sarasota Florida was just made to be enjoyed under the warmth of our abundant sunshine. Sarasota boasts great weather year round.

If you've been considering moving to a warmer climate, why not give yourself and your family a vacation trip to sample our clear blue skies and warm, white sandy beaches. After a just few hours here, you'll know why Sarasota is the choice of so many as either a place to raise a family, pursue your career, or as a retirement locale. It is both.

Once known primarily only as a vacation and retirement destination, today Sarasota is home to diversity. The quality of the sand on our beaches is nothing short of legendary. The weather is unbeatable. Long-time residents swear that Sarasota County has its own "micro-climate." When rain is falling up in Tampa, only 60 miles north, or down South in Fort Myers, the skies seem to always remain fair over Sarasota. Add in the warm and inviting waters of the Gulf of Mexico and gorgeous sunsets, and it's easy to see why Sarasota Florida holds such appeal to so many.

Sarasota Florida has the charm of a southern town with the conveniences of a big city. Downtown Sarasota offers quiet treed streets with sidewalks. Siesta Key captivates you with its powdery white beaches, artist colonies, eclectic shops and boutiques. Longboat Key offers a more private and opulent, yet still casual lifestyle. Bird Key, Casey Key and Lido Key each have their own charm.

Sarasota ranks among the nation's 15 "most livable communities" according to a recent Money Magazine feature article. Sarasota, together with its neighbors Manatee County and Charlotte County, makes up the 7th largest market in Florida. It is also Florida's 3rd-fastest growing major market. With a population of over 600,000, the Sarasota/Manatee/Charlotte area is one of the most affluent areas in Florida. For the past 5 years, the area has grown 4 times faster than the national average.

There are great activities that you can enjoy under Sarasota's warm and sunny weather. We have every imaginable recreation and sport venue as well as abundant cultural amenities. For golf enthusiasts, The Sarasota area offers over 80 golf courses from fairly easy courses to some of the nation's most challenging courses.

Why haven't you come to sample the sunny paradise that is Sarasot Florida.

2008-07-30T08:23:00.000-07:00

The following article was provided by and is copyrighted by the Sarasota Association of Realtors®.

View this Sarasota Real Estate News article presented by the Sarasota Association of Realtors®.

Then, you may want to visit my Sarasota Real Estate website for more information on Sarasota and Bradenton Florida area homes for sale in golf course communities, on the Sarasota waterfront or in Downtown Sarasota.

Should You Buy Now or Wait - 5 Reasons

2008-07-12T12:55:00.000-07:00

5 REASONS TO BUY NOW

1. Prices in neighborhoods you like are currently relatively stable -- either holding steady or increasing slightly, or, -- the pace of decreases in prices have slowed down dramatically meaning that the major declines are over. If you are ready to move, the small penalty you may pay for missing the absolute bottom of the market may not mean much.

2. You plan to stay in the home for five years or more.
If you stay that long before selling, economists say you will probably have gotten beyond any downturn and come out ahead on price.

3. Your rent is relatively close to what your mortgage payment would be. If you can qualify for a mortgage, you will build equity in your home and you will be able to deduct the mortgage-interest and property taxes on your federal income taxes.

4. You've found the right house in the right area. The schools are great. You love the area and know it would be hard to find another house like the one you have your eye on. In a better housing market, you might have much more competition for that house and possibly end up paying more for it.

5. You've built equity in your current home and are moving to a place where homes prices are lower. In the market you’re moving into your money will go a lot further.

5 REASONS TO WAIT BEFORE BUYING

1. If you have lived in your current home for less than 2 years, there is a good chance that you haven't accumulated any real equity in your home. In fact, you may have negative equity, (you owe more on your mortage than the home is now worth) if you live in areas like California, Florida, Arizona or Nevada.

2. Your job isn't secure. If your company isn't doing well and it looks like you may get laid off or lose your job altogether, it's probably better to stay where you are until the business climate improves. If you lose your job and have to move some distance, it'll be much harder to come out ahead selling a home you just bought.

3. You don't plan to stay in your next house for at least 5 years. While it's not important to buy at the exact bottom point of the home price curve, it is important that you stay long enough to ride out the housing cycle. Prices will certainly recover but it may take a few years.

4. You don't have good a credit rating or a sufficient down payment. Because of the sub-prime mortgage mess, lenders are much more careful today about who they'll give a mortgage to. Speak with a a number of lenders about the different programs they have that might work in your situation, but don't be surprised if you are just turned down completely.

5. You have an existing home to sell in a neighborhood where prices are still falling or where the many homes are either in foreclosure or already bank-owned. In a neighborhood with many "distress sales" going on, the people that look at your home may be just "bottom-feeders" looking to buy a home well below its real market value were the market in a normal situation. In that kind of situation, you will probably be better off waiting for the local housing market situation to improve.

Sarasota and Bradenton Home Sales Are Recovering At Last

2008-05-29T12:47:00.000-07:00

According to information in a recent Sarasota Herald Tribune article, although local home and condo inventory remains stubbornly near record levels, the Sarasota and Bradenton real estate market turned in Florida's best results for April,2008. Existing home sales were up 16% compared to April of last year. April home sales, as registered in the Sarasota MLS were 567 units, the highest level in ten months, and about 72% above the home sales in January, 2008.

The Sarasota Bradenton real estate market was the only market in Florida to show positive sales growth in April. Home sales in this market have increased month-over-month every month for the past four months.

Meanwhile, the median sales price for Sarasota and Bradenton homes dropped by only 2%, which real estate professional observers interpreted as a sign that the prolonged price-erosion caused by the market's nosedive in 2007 may finally be leveling off.

For more information on Sarasota or Bradenton home or condos for sale at attractive prices, call me on my direct line at 941-266-1799 or visit my Sarasota Real Estate website.

Real Estate Recovery Beginning in Sarasota Florida

2008-05-26T12:09:00.000-07:00

The Sarasota Multiple Listing Service (MLS) records indicated that there are currently 846 single-family homes under contract and waiting to close as well as
362 condominiums under contract, waiting to close.

Last month was the first time in a long time that there were more than 500 Sarasota real estate sales pending so the Sarasota real estate market is finally beginning to show signs of a recovery. This month, with over 1,200 properties awaiting closing, is definitely a positive sign of a recovery underway.

If you've been considering investing in a home or condo in the greater Sarasota or Bradenton area, this may be the rght time to contact a competent and experienced Sarasota Realtor like Rich Stover. You can reach Rich directly on his cell phone at 941-266-1799 or toll-free at his office at 800-966-2334.

You may also wish to visit his Sarasota Real Estate website for more information on the many Downtown Sarasota Luxury Condos developments or the several Sarasota waterfront communities or Sarasota golf course communities with home and condo offerings in all price ranges available for purchase at very attractive prices right now.

Take a Look at Lakewood Ranch

2008-05-14T09:29:00.000-07:00

Located on the Sarasota/Manatee County line on Florida's west coast, Lakewood Ranch is a 7,000-acre, master-planned community providing unlimited golf as well as a wonderful place to enjoy life regardless of your age.

The Lakewood Ranch community includes five "villages" for family living, all convenient to nearby education, business, retail and medical services in both Sarasota and Bradenton.

Lakewood Ranch is one of those rare places that provide all of the elements of a wonderful lifestyle; beautiful homes, condos, shops, and the opportunity to play golf and have fun with neighbors and friends 12 months a year.

Lakewood Ranch Golf and Country Club is a private membership club where you and your family can relax, meet new people, enjoy recreational facilities and participate in a variety activities.

The County Club consists of:
- 36 holes of championship Palmer-designed golf
- Complete practice facility including driving range
- Certified Audubon Cooperative Sanctuary
- An elegant 45,000 sq. ft. Italian Villa clubhouse.

There is a new-construction or resale home or condo in Lakewood Ranch that's just right for you. Let Rich Stover of REMAX Alliance Group help you get the very best deal on a home in this outstanding community. You pay no more for the peace-of-mind of being represented by a professional Realtor who is looking out for you, not the seller or builder.

Feel free to check out my featured homes or
Search the Sarasota MLS on my website at any time.

Should You Sell Your Sarasota Florida Home Right Now

2008-05-07T10:14:00.000-07:00

It might seem crazy at first, but right now might be the best time to sell your home in Sarasota Florida.

Every home and condominium has things about it that you, as the owner, wish you could change. You may or may not have recognized these issues when you bought the property but you cannot fix these problems now for various reasons. Perhaps the cost would drive your investment in the home beyond what the neighborhood will support. Maybe your home or condo cannot be changed to suit your wishes because of its physical structure, association rules, it's location, or even changes in your own personal circumstances. Maybe it was near a great school when you bought the home, but now the kids are gone and that nearby school is just a source of noise and traffic. Realtors call these home problems with homes, it's "unchangeables."

But why is right now a good time to sell a home when prices have dropped as much as 20%? Here's why. While the price you'll get for your current home may be down, so is the price of a home that doesn't have the same drawbacks, or "unchangeables." With recent steep declines in Sarasota area home and condo prices and with interest rates historically low, NOW may be exactly the right time to step up to the home that maybe you originally wanted but couldn't afford.

Let's take an example. Suppose you bought your home 3 to 5 years ago for $300,000, but it has now lost 20%. It it would sell for closer to $240.000. But, the home you originally wanted that sold then for $425,000 is now down by that same 20% to $340,000, a drop of $85,000, almost one and a half times the reduction the price on your current home has seen.

And with so many homes currently on the market, if the seller of that home really needs to sell, it is possible, maybe even probable, that, with the help of an aggressive Realtor, you can negotiate that price down even lower than $340,00. Chances are good that if you could afford your $300,000 home 3 to 5 years ago, you can probably afford the home you always wanted now that Sarasota real estae prices are so depressed.

As a bonus, when home prices start to rebound, you'll not only have the nicer home, but that new home's price will rise even faster than your old one with those troublesome "unchangeables."

For help in finding the right Sarasota Florida home for your family, visit my Sarasota Florida Real Estate website. For more immediate help, call my cell phone at 941-266-1799, or toll-free at my RE/MAX office at 800-966-5454. If you prefer, you may also E-Mail Me for more info on Sarasota real estate prices and bargains. I'd be delighted to be of service.

Sarasota Florida Budget Cuts Announced

2008-04-21T12:02:00.000-07:00

Sarasota Florida city manager Robert Bartolotta said last week that $8 million is being cut from the city's projected $10.2 million deficit as he announced elimination of 89 jobs, with the Sarasota Police Department bearing one-third of the staffing cuts.

27 Sarasota city positions were cut while another 62 open city positions were eliminated. "The police force reductions, however, did not include "street level" officers and will not affect resident safety," Bartolotta said. Police Chief Peter Abbott said his focus will be on keeping the same number of officers out patrolling the streets.

Read the full article on my website.Then call me on my direct line (941) 266-1799, or toll-free at my office at (800) 966-2334 for more information on great bargains available now on homes and condos for sale on the Sarasota Florida real estate market.

RE/MAX Merger Creates RE/MAX Alliance Group

2008-03-02T15:39:00.002-08:00

Read about the merger which has created the largest RE/MAX office in the State of Florida at
http://www.reuters.com/article/pressRelease/idUS156121+29-Jan-2008+MW20080129.

If you need assistance or just information about buying or selling Sarasota Real Estate . You may also call me directly at (941) 266-1799 or email me at rstover9@comcast.net

Gov Crist Addresses Florida Realtors on Property Tax Amendment

2008-01-27T09:58:00.000-08:00

With “Vote Yes On 1” signs raised high, Florida Realtors greeted Governor Charlie Crist this morning with a standing ovation, thanking Crist for his efforts to cut property taxes. The governor addressed Realtors attending the Florida Association of Realtors® (FAR) Mid-Winter Business Meetings in Orlando.

“When was the last time you could go to the ballot box and pass yourself a tax cut?," he asked. "Tell everyone you see to vote for Amendment 1. It’s critical to Florida’s economy,” he added

Read the Full Story on the Florida Association of Realtors' website. Then please call upon me for assistance in buying or selling Sarasota Real Estate . You may also call me directly at (941) 266-1799 or email me at rstover9@comcast.net

This story, copyrighted by the Florida Association of Realtors, is presented
here for your information only

Sarasota Florda Home Prices Still Dropping. Is 2008 Your Year to Buy

2008-01-12T10:56:00.000-08:00

If you were smart enough not to buy a home or condo in Sarasota Florida during 2007, will 2008 be the year to make the move?

The primary cause of the price downturn is the enormous inventory of homes for sale right now. There is nearly a year's supply of homes for sale on the market. Based on recent data, at the height of the Sarasota real estate market in 2005, there were about 1,600 homes and 1,150 condos for sale at prices that were admittedly atmospheric. Fast forward to today and you'll find over 8,000 homes and more than 4,700 condos on the market -- and they are not selling. The Sarasota Board of Realtors predicts that real estate prices will fall a bit more in 2008, but that 2008 may be the right year to make your move....... Read the full article Call me at (941) 266-1799 or email me at rstover9@comcast.net