Bird Key foreclosures

June sales stats for Sarasota real estate market

Shayla Twit

Tuesday, July 20th, 2010 at 10:32am. 93 Views, 0 Comments.

Property sales again reach highest level of the year in Sarasota real estate market:HERE ARE THE HIGHLIGHTS.....

* Even though the tax credit expired April 30th, the Sarasota market remains alive and well!!

* June sales marked 776 total SOLD.... again the highest number since December 2005.

* During the last 12-month period, the median price of both single family homes and condos fell.  $185k to $175k for single family homes and $236k to $145k for condos.

* The number of Pending transactions also remain strong, at 767 contracts getting ready to close; compare to March and April figures of 1000 Pending contracts.  Change in stats are due mostly to the…

Buyer needs

Shayla Twit

Tuesday, June 29th, 2010 at 2:43pm. 153 Views, 0 Comments.

If you or someone you know is considering a purchase, I would love to represent you or any of your referrals.

* Work with all types of purchases, whether you are looking for a primary residence or second/vacation home in all price ranges.

* Single family homes, maintenance-free condos, townhomes and villas.

* Area of expertise is mainly Sarasota, however my market is as far North as Parrish/Palmetto/Ellenton, down into Bradenton and Lakewood Ranch and as far South as Osprey/Nokomis/S.Venice.

* Expert in short-sale and foreclosure transactions.

* Can give you the true value of a property and negotiate the best price and terms possible.

* Have a great network of mortgage brokers and bankers whom I do business with and can refer to you.

* Provide you with a detailed…

Snapshot of current listings + Seller needs

Shayla Twit

Wednesday, June 23rd, 2010 at 10:00am. 199 Views, 0 Comments.

SNAPSHOT OF CURRENT LISTINGS:

1 - 2135 Lusitania Dr, single family home in Phillippi Gardens community Sarasota, $490,000: Remodeled Phillippi Creek canal front pool home on oversized lot. Private seawall and dock in your own backyard with access to the Gulf with one bridge. Updates include: new kitchen featuring lots of granite extended countertop space, solid wood cabinets, recessed lighting and modern light fixtures, built-in deck and hidden wine rack. Large tile throughout kitchen and main living areas, all new windows throughout the home and brand new barrel tile roof! Master bath features jacuzzi tub, glass block shower and new vanity. Extra room off the master suite is great for nursery or office space. Oversized garage, decorative Italian accent…

The oil update... and May's sales figures for Sarasota real estate market

Shayla Twit

Tuesday, June 15th, 2010 at 3:05pm. 161 Views, 1 Comments.

THE OIL UPDATE:
* As I have had particular inquiries from out-of-state and out-of-country clients, I felt the need to keep people informed as to the latest on the Deepwater Horizon oil spill.
* As if the local real estate markets havent suffered enough, we now have this challenge in front of us.
* I try to present an informative panel, yet remain positive in the future of the local real estate, but we also cannot bury our heads in the sand.
* There is NO debate that this oil spill has affected our local beach economies, as well as nationally
* We are and have been extremely fortunate in that our area is in more of a protected zone, meaning that the Gulf Coast "Loop Current" is expected to grab much of the surface oil well offshore; and in a clockwise motion…

Snapshot of Sarasota Real Estate Inventory

Shayla Twit

Thursday, June 3rd, 2010 at 1:06pm. 88 Views, 0 Comments.

For Sale/Sold For Sale/Sold/Pended For Sale/Pended Sold/Pended For Sale/Sold/Pended/New Listing For Sale/New Listing For Sale/Sold/New Listing For Sale/Pended/New Listing Sold/Pended/New Listing Sold/New Listing Pended/New Listing  SHAYLA TWIT, Michael Saunders & Company, c 941.544.7690, w 941.951.6660, ShaylaTwit@MichaelSaunders.com

Sarasota #5 small city in the country.... and the Market from our Broker's viewpoint

Shayla Twit

Thursday, May 27th, 2010 at 11:20am. 81 Views, 0 Comments.

SARASOTA listed as the #5 small city in the country:

#1 - Asheville, NC

#2 - Santa Fe, NM

#3 - Saugatuck, MI

#4 - Key West, FL

#5 - Sarasota, FL

And here is the section on Sarasota from 'American Style' magazine and see the [attached] web link:

"Coming in at number 11 last year, Sarasota climbed into the top five with the help of AmericanStyle readers. Home of numerous art museums—including the popular John and Mable Ringling Museum of Art, galleries, art centers and festivals, this Florida city has long been known as a cultural destination. “Sarasota is just without parallel in its uniqueness and commitment to the arts,” says reader Debra Mixon of Homosassa, Fla. A walk along Palm Avenue, one of the city’s centers for art, will show you how right she is.

Along…

the OIL update, from a Sarasotans perspective

Shayla Twit

Wednesday, May 19th, 2010 at 2:45pm. 78 Views, 0 Comments.

SARASOTA is free from oil: highlights from the Sarasota Herald-Tribune, 5/18/10:

* "Our beaches are as beautiful as they've ever been," said Richard Bradshaw, owner of the Comfort Inn and Days Inn hotels, on Clark Road, and chairman of Sarasota County's Tourist Development Council.

* "The water here is clear, clean and refreshing," said Jim McManemon, the Ritz-Carlton's general manager, to a background of beach strollers and pelicans fishing for a late breakfast.

* "The loop current is pretty far offshore from Sarasota, so unless there's wind and current that pushes it, I think it's pretty good news for you guys," said Stephen "Dr. Beach" Leatherman, chair professor and director of coastal research and director of the International Hurricane Research Center…

Sales stats for Sarasota real estate market in April 2010

Shayla Twit

Thursday, May 13th, 2010 at 8:39am. 87 Views, 0 Comments.

APRIL SALES THE HIGHEST IN FOUR YEARS:

The Highlights of April's sales stats for the Sarasota real estate market

* Properties closed and pending were the highest in four years.

* The high numbers are most likely fueled by the first-time buyer tax credit that will expire July 1st, as properties that were Pending by April 30th must close by that date.

* "There was clearly a sense of urgency in April, reflected in higher closed sales as well as contracts written,  as buyers attempted to purchase properties before the expiration of the  homebuyer tax credits," said 2010 SAR President Erick Shumway. "There is a lot of enthusiasm and optimism among local real estate agents that the trend will sustain in the months to come."

* Sarasota Association of Realtors sold…

Feds make it easier to purchase condos in FL

Shayla Twit

Monday, May 10th, 2010 at 8:32am. 73 Views, 0 Comments.

FEDS MAKE IT EASIER TO PURCHASE CONDOS IN FL:

• Fannie & Freddie are easing restrictions for potential condominium buyers in the state of FL
• They are now going to originate new loans on FL condo complexes that previously were denied due to low occupancy and high association fee delinquency rates
• Stipulation is that the seller's loan has to already be owned or securitized by Freddie Mac
• Hopefully this will generate more sales with condos
• "It will help dramatically and, in fact, it already has," said Bob Gray, president of the Punta Gorda-Port Charlotte-North Port Association of Realtors. "It is really starting to break things loose."
• Since 2006 condo prices have fallen by more than half.
• Once financing…

frequently asked questions and answers about short-sales and foreclosures

Shayla Twit

Wednesday, April 28th, 2010 at 5:12pm. 141 Views, 0 Comments.

SHORT SALES
 Q: What exactly is a short-sale?
      A: By definition, a short-sale is a sales price for LESS than what is currently owed on the property.
 
 Q: Can we negotiate the price and terms? 
      A: YES.  You can still negotiate the price and terms.  The listing price is set by the listing agent, not the bank.  Buyers
      submit an offer, just like any other transaction.  The ending price and terms are up to the bank.  They order what's called 
      an interior appraisal, aka BPO "Broker Price Opinion."  And they sell the property within a percentage of that BPO, typically
      within the ten percentile.  You can certainly also ask for a credit to be paid toward closing costs.  You can also offer with
      FHA financing.  Cash transactions do not…