Holiday Events in Sarasota, Florida Sarasota Holiday Events read more Frequently asked questions when selling a house In a booming market like ours, homeowners who had been holding off on selling are sneaking out with their homes ready to go on the market. Market Value and County Assessed Value How do you estimate the value of your Sarasota property? What market value is not: It is not the price you paid for the home plus any improvements or property value… Read more …
Author: Private Lending Agent
Below is an article from the Wall Street Journal with their 2022 rankings of how metro areas across America stack up. You can read the original article here. It is refreshing to see our metro areas North Port-Sarasota-Bradenton rank #4 and Tampa-St. Petersburg-Clearwater rank #11. Home-buying demand remained robust in low-cost cities but rising mortgage rates have made most home purchases less affordable, pushing many buyers out of the market. Homes are sitting on the market longer, and more sellers are cutting prices. The WSJ/Realtor.com Emerging Housing Markets Index Fall 2022 Metro areas are ranked according to real-estate market data and economic health. Ranking…
Did you like this post? Subscribe to my Substack now for additional insights and content. It is said that Federal Reserve policy actions have a delayed effect, but what simple adage best describes the consequences of the initial massive overreaction and subsequent reckless inaction? What markets have not yet fully appreciated is the significant downside risk inherent in both the Fed's reckless “exceptional” policy actions taken after the height of the 2008 financial crisis and the further hysterical response to the COVID-19 panic, and its inaction after these policy missteps resulted in textbook clear and not-at-all-“transient” monetary inflation.Make no mistake:…
Here's your chance to purchase a new construction property in the Tampa, Florida area at last year's prices. This is a new villa at Villas Del Lago, a new community at Lut'z developed by Mobley Homes. This villa with a Vienna floor plan dates from the mid 400s, and the builder has just announced a new phase, offering the same floor plan from the mid 500s. The villa we are offering is expected to be completed in December according to the builder's forecasts. New Villa in Lutz Please call me as soon as possible for more details. Features of this…
Kendall Jenner seems to be interested in flipping houses. Well, if an exclusive clip of Keeping Up With the Kardashians airing tomorrow night on Hulu has anything to say about that, it's that. It's no secret that the Kardashian-Jenner clan each has their own powerful real estate portfolios, but it looks like Kendall Jenner is ready to take it a step further. Jenner's tequila brand, 818 (which is on display in boyfriend Devin Booker's Arizona home), is nearly two years old, so it makes sense she'd consider adding another business venture to her arsenal; after all, most of her sisters…
Lahore Smart City is a joint venture between renowned real estate companies Habib Rafiq Group and Future Development Holdings. It is set to be Pakistan's first major residential project and is set to be spectacular and highly successful. It is considered to be one of the most prominent residential projects as it offers investors and residents a green environment, unique quality and modern design, giving instant gratification to residents and huge investment potential. Starting with the success of Capital Smart City, Islamabad, this new initiative aspires for quality, commitment and new ideas with unique technology with smart features. The management…
A practical guide on how to use TikTok in a hyperlocal way to find and engage customers in your market. Maybe your Gen Z friends and family have handed you their phone so you can laugh at the video that caught their attention in that moment. Maybe you even have the app on your own phone, even if you're more of a viewer or scroller than a contributor or creator. Either way, TikTok is firmly entrenched as a part of our daily lives. For many, the perception may remain that TikTok is primarily for personal expression and entertainment. What's less…
Marty Boardman was sitting in his home office in August 2007 when he realized his life would never be the same again. As a budding real estate investor and home flipper, Boardman He started out as a television cameraman and took advantage of the US housing bubble to build a small real estate “empire.” But after home prices peaked in early 2006, the real estate market became increasingly unfavorable for investors. Eventually, the housing bubble burst, leaving home flippers like Boardman with financial difficulties and sparking the global financial crisis. “I'll never forget it. The music had stopped and there…
Effective gross income is one of the line items on a real estate pro forma that is often used by appraisers, investors, and other commercial real estate professionals. While effective gross income is conceptually easy to understand, the calculation itself can be confusing. In this article, we'll take a closer look at effective gross income and clear up any confusion. Effective gross income formula The formula for Effective Gross Income (EGI) is defined as a property’s potential gross income minus vacancies and credit losses. As you can see from the Effective Gross Income formula above, Effective Gross Income is an…
Especially with the prevalence of short-term rental platforms like Airbnb and Vrbo, single-family rental homes in Greater Phoenix are a great example of the intersection between residential and commercial real estate.In fact, many commercial investors have entered the single-family home sector because of its value and are successfully managing large portfolios of rental homes. But the success of the short-term rental (STR) model is not without criticism due to more serious issues such as loud parties, trash, parking, and a recent shooting at a Scottsdale property. A new law, Senate Bill 1168, passed in July and takes effect in September,…