Informational Articles

Market Survey Shows Falling Mortgage Rates

By | September 15, 2011

For the second time in as many weeks, the rate on the 30-year fixed rate mortgage, the most common type of mortgage in the United States, has hit record lows according to Freddie Mac’s Primary Mortgage Market Survey.

The average contract rate on a 30-year FRM fell to 4.09%, down from 4.12% the week prior. The average rate on a 15-year fixed rate mortgage fell from 3.33% to 3.30%, while 5/1 ARMs rose slightly, from 2.96% to 2.99%. One-year ARMs dropped from 2.84% to 2.81%.

Mortgage rates have been falling as a result of rallies in the treasury and mortgage-backed securities market. These rallies were spurred by poor economic data in the United States and the possibility of an economic conflagration in Europe prompted by a possible Greek default. The possibility (or maybe even inevitability) of a Greek default would damage the major Euro-banks, which have huge exposure to Greece.

If you’ve been thinking about purchasing a new home or refinancing your current mortgage, now could be the time to do so. Fairway Funding Group has some of the lowest rates in the mortgage industry, consistently beating the national average. To find out more about our products and low rates, call us today at 941-993-8086.

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Pelican Cove Market Snapshot

By | August 31, 2011

Sarasota is fortunate to have many unique communities and neighborhoods that appeal to many different people. It is one of the things that makes Sarasota so desirable for so many.  One of the true hidden gems is a condo community called Pelican Cove.  The Cleary Group has been selling real estate in Pelican Cove for over 15 years and have helped both Buyers and Sellers achieve their real estate goals there.  We were approached by the Sarasota Herald Tribune to do an interview about the community, which we were very excited to do.  Below is the link for the article, it will give readers a detailed look into this truly outstanding community.

 http://www.heraldtribune.com/article/20110827/ARTICLE/110829654

 

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September in Sarasota

By | August 30, 2011

 

This month marks the start of our fall season. It’s a great time to get out and enjoy some of the activities happening in the area during the month of September.

Date

Event or Activity

Location

Click Link for

More Information

Sept. 1st Scottish Country Dancers Sarasota Scottish Country Dancers
Sept. 1st Photo Safari at Urfer Family Park Sarasota Sarasota County Parks
Sept. 1-4th Baseball: Bradenton Marauders vs. Charlotte Stone Crabs Bradenton Bradenton Marauders
Sept. 2nd Music on Main Lakewood Ranch Main Street
Sept. 2-30th Horseback Riding on the Beach Bradenton Beach Horses
Sept. 3-4th Downtown Venice Labor Day Weekend Craft Festival Venice Art Festival
Sept. 3-4th Hoop It Up Basketball Tournament Venice Hoop It Up
Sept. 3-4th Let It Fly Football Tournament Venice Let It Fly
Sept. 5th Live from Downtown It’s Friday Night Sarasota Downtown Sarasota Alliance
Sept. 6-30th Florida Watercolor Society 40th Annual Exhibition Bradenton Art Center Manatee
Sept. 8th Sarasota Shell Club Monthly Meeting Sarasota Sarasota Shell Club
Sept. 8th Sarasota Newcomers Club Luncheon at the Ritz Carlton Sarasota Sarasota Newcomers Club
Sept. 8-25th “You’re a Good Man Charlie Brown Venice Venice Theatre
Sept. 10-11th Grandparents Weekend at the Florida Railroad Museum Parrish Florida Railroad Museum
Sept. 10-11th Summon the Heros Concert Sarasota Sarasota Orchestra
Sept. 11th September 11th 10 Year Anniversary Community Celebration Sarasota First Baptist Church
Sept. 13th An Afternoon at the Movies Venice Sarasota County Parks
Sept. 16th Friday Fest at the Van Wezel Sarasota Van Wezel
Sept. 16th Reels at Rossi “Remember the Titans” Bradenton Realize Bradenton
Sept. 16th Towles Court Art Walk Sarasota Towles Court
Sept. 20th Know Your Niche Nature Walk at Phillippi Estate Park Sarasota Sarasota County Parks
Sept. 22-24th Geier’s Oktoberfest Sarasota Geier’s Sausage Kitchen
Sept. 22nd Art After 5 Sarasota Ringling Museum
Sept. 28th Pickleball at Woodmere Park Venice Sarasota County Parks
Sept. 30th Film Friday “The Heart of the Game” Bradenton South Florida Museum

Call us when you are ready to make your move! To search for homes in the area go to Search for Sarasota Homes. We’re here to help you every step of the way…call us today!

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Ten Tax Tips for Individuals Selling Their Home

By | August 23, 2011

The IRS recently released a publication titled “Ten Tax Tips for Individuals Selling Their Home”.

If you are thinking about selling your home, this is some good information directly from the IRS concerning the gain or loss on the sale, first-time homebuyer credit and change of address.

To view the publication please visit: http://www.irs.gov/newsroom/article/0,,id=243682,00.html

 

 

 

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Sarasota Real Estate Inventory Continues to Decline

By | August 16, 2011

The Sarasota Association of Realtors just released the sales statistics for the month of July. The number of units sold was slightly lower than previous months which is typical for this time of year in our area. The other item of note is the inventory of available of properties continues to decline and is now at the lowest level it’s been in the last decade. To view the complete press release with all the statistical charts click on the link below:

http://www.sarasotarealtors.com/files/monthlystatistics/SARStatsJuly201111081585211.pdf

 

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“Shop for a Cause” at Macy’s in Sarasota

By | August 11, 2011

On Saturday, August 27, 2011, Macy’s will host its 6th annual “Shop for a Cause” benefiting charities nationwide. The Riverview High School (RHS) Foundation will be selling tickets for $5 each. When you shop with these tickets on that date you will receive 25% off on all regular, sale and clearance merchandise throughout the store. And, you will be eligible to win a $500 gift card, no purchase necessary.

To purchase tickets contact any RHS Foundation member or visit their website at www.RHSFoundation.org. This is a great way to support our local school while getting some big savings!

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RE/MAX Ranks Highest in Customer Satisfaction among Both Home Buyers and Home Sellers

By | August 4, 2011

WESTLAKE VILLAGE, Calif.: 27 July 2011 — Although conditions in the real estate market point to the continued existence of a buyers’ market, home buyers indicate they are less satisfied with real estate company services, compared with 2010, while home-seller satisfaction has improved during the same time period, according to the J.D. Power and Associates 2011 Home Buyer/Seller StudySM released today.

The study, now in its fourth year, measures customer satisfaction of home buyers and sellers with the largest national real estate companies. Overall satisfaction is determined by examining three factors of the home-buying experience: agent/salesperson; office; and variety of additional services. Four factors are examined for the home-selling experience: agent/salesperson; marketing; office; and variety of additional services.

Click here to view the full press release: http://www.jdpower.com/news/pressrelease.aspx?ID=2011117

 

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New Waterfront Dining in Bradenton

By | July 23, 2011

We were happy to discover a new restaurant located right on the bank of the Manatee River in Bradenton. Tarpon Pointe Grill & Tiki Bar has just been open a couple of weeks but judging by the crowd last night, people have already discovered this great spot for dining or just having a drink.

There is a dining area under cover with tables around a large bar as well as outside tables with umbrellas. Almost all of the seats have a view of the water. They are well prepared if the occasional rain shower rolls in as the restaurant has roll down plastic walls with windows to keep you dry. Even in the heat of the afternoon we were kept cool with the many fans fitted with misters. 

They are open for lunch and dinner and the menu has lots of variety so there is something for everyone. During happy hour (3-6pm) there are drink specials and bar bites at very reasonable prices. The atmosphere is very relaxed…it was like being on vacation for an afternoon!

Adjacent to the restaurant is a thatched roof tiki hut with another bar and lots of seating. They maximized the water views with bar/railing and stools all along the riverfront. If you’re up for an activity, there is a sand volleyball court and they have “cornhole” games set up between the restaurant and bar. And for the sports fan there are a number of big screen tv’s mounted in the tiki hut. Live bands perform every evening. It’s just a fun place so check it out if you’re in the area…you won’t be disappointed!

The location is just north of SR64 (aka Manatee Avenue) on 7th Street East next to the Manatee Landings Marina. If you prefer to come by boat they are at MM24 and have plenty of docking space.

 

 

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Summer: Siesta Key Style

By | July 14, 2011

As a Siesta Key Village resident for the summer we have fully immersed outselves in the Key lifestyle. Morning strolls, the beach in the afternoon, all followed by a walk to the magical sunset has been our daily pattern.

Our teenage sons have found the Key routine as well. Each morning we head to CB’s Saltwater Outfitters to get bait for their morning fishing. They head out to the old fishing pier each morning and return several hours later with tales to tell of the folks they met and a detailed report of the morning catches. A quick bite for lunch at the Pita Pit and a lazy summer day nap fills their afternoon. As soon as the first hint of dusk arrives, they load up gear for sunset fishing. They again gather at the pier with fellow fishermen and take in the beautiful evening. After the sun goes down they come home to drop their poles and head to what has become a nightly routine of ice cream at Big Olaf’s, a Siesta Key tradition.

All of us truly understand why people from all over the world travel to Siesta Key to vacation and make memories!

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Sarasota Real Estate Sales for June

By | July 12, 2011

The Sarasota Association of Realtors report the real estate market continues healthy sales in June 2011!

Members of the Sarasota Association of Realtors® continued to sell properties at a brisk pace in June 2011 with 728 total transactions recorded last month. This marks the fourth month in the last 12 with sales exceeding the 700 level – all occurring in 2011. In addition, the median sales price for single family homes hit the highest level since last June, and the total inventory of available properties dropped to the lowest level in more than a decade, which could spur stronger competition for homes and condos.

“It is encouraging to see how the Sarasota market has continued this strong momentum in the face of continuing weakness in the national and state economies,” said SAR President Michael Bruno. “The inventory of available properties, which is lower than it has been since the 1990s, is a very important statistic. Historically, prices rise as competition for homes increases, and we’re seeing that occurring in our market. The percentage of distressed property sales is stabilizing, so prices should naturally continue to rise.”

To view the complete report with statistical information visit: http://www.sarasotarealtors.com/files/monthlystatistics/SRMAGJune2011Stats110712105200.pdf

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