Premium Properties Sarasota Blog Posts

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Basics of Buying Real Estate Short Sales

Over the last several years, short sales have received a substantial amount of attention. This type of transaction is done when the seller owes more on his or her mortgage than the value of the property. The lender essentially agrees to accept less than...

15 Mar 2010, 11:02 AM by Chaim Gleitmann to Premium Properties Sarasota and Her Islands

Filed under: For Sale, Finances, Buyer Information, Seller Information, Investing, Foreclosure, Short Sales, housing recovery, Mortgages, Florida, Sarasota, First Time Home Buyer, Premium Properties Sarasota, Sarasota Real Estate, Loan Modification

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Monthly Statistics Released for February 2010 - Sales Up 49 Percent!

Property sales up 49 percent in February 2010; pending sales spike Overall property sales reached 528 in the Sarasota market in February 2010, up nearly 49 percent over February 2009, and pending sales were also strong at 967 - the second highest total...

12 Mar 2010, 1:34 PM by Chaim Gleitmann to Premium Properties Sarasota and Her Islands

Filed under: Real Estate, Market Conditions, For Sale, Announcements, Buyer Information, Seller Information, Investing, housing recovery, economy, pending home sales, Florida, Sarasota, Premium Properties Sarasota, Sarasota Real Estate, Realtor

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HOME AND CONDO SALES CONTINUE TO INCREASE STATEWIDE

HOME AND CONDO SALES CONTINUE TO INCREASE STATEWIDE Fourth quarter 2009 sales of existing single-family homes in Sarasota -Bradenton rose 51 percent over the same period in 2008, with 2,468 homes sold at a median price of $160,600, according to the Florida...

16 Feb 2010, 9:54 AM by Chaim Gleitmann to Premium Properties Sarasota and Her Islands

Filed under: Real Estate, Market Conditions, For Sale, Announcements, Buyer Information, economy, pending home sales, Florida, Sarasota, First Time Home Buyer, Premium Properties Sarasota, Sarasota Real Estate, Realtor

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FREE FORECLOSURE SEMINAR FOR HOMEOWNERS

Note that this information is outdated. “Take Control of Your Mortgage” will be the subject of a free seminar for homeowners facing foreclosure on Saturday, Feb. 27 from 10 a.m. to noon at Colonial Oaks Park, 5300 Colonial Oaks Blvd. Panelists...

3 Feb 2010, 12:21 PM by Chaim Gleitmann to Premium Properties Sarasota and Her Islands

Filed under: Events

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FREE FORECLOSURE SEMINAR FOR HOMEOWNERS

“Take Control of Your Mortgage” will be the subject of a free seminar for homeowners facing foreclosure on Saturday, Feb. 27 from 10 a.m. to noon at Colonial Oaks Park, 5300 Colonial Oaks Blvd. Panelists will include: Xena Vallone of Xena...

3 Feb 2010, 11:54 AM by Chaim Gleitmann to Premium Properties Sarasota and Her Islands

Filed under: Announcements, Finances, Community Information, Foreclosure, Short Sales, housing recovery, Mortgages, Sarasota, Bankruptcy, Sarasota Real Estate, Refinancing, Loan Modification

WSJ.com: Developments
How Many Homes Do Banks Have Up Their Sleeves?	Global	3/19/2010 4:42 PM
For those trying to figure out how much further U.S. house prices could fall, it would help to know how many more foreclosed homes banks need to sell. Here are three estimates.
Friday Diversion: Kardashian Lists, Former Avon Chief Sells	Friday Diversion	3/19/2010 10:44 AM
Reality television star Kim Kardashian buys a furnished estate in the Beverly Hills Post Office area of Los Angeles for about $3.5 million.
Has the Home Buyer Tax Credit Extension Flopped?	Global	3/18/2010 1:35 PM
Fannie Mae cut its home sales forecast for 2010, after the housing market faced a setback during the first quarter of the year.
Are Tough Appraisal Rules Holding Back Housing?	Global	3/18/2010 9:13 AM
Our story on Page One today takes a look at how folks who want to build or buy homes with unusual materials are having a lot of trouble getting financing because underwriting standards are much tighter today.
Dubai World, Turnberry Might Keep Fontainebleau Miami	Global	3/17/2010 12:32 PM
Lenders holding the $620 million construction loan on Miami Beachs fabled Fontainebleau hotel are close to approving a restructuring proposal in which the hotels owners would contribute $100 million of new equity, according to people familiar with the matter.
The Home-Buyer Tax Credit Countdowns Begin	Global	3/17/2010 11:41 AM
Time is almost up on the federal home-buyer tax credit, the government's gift of up to $8,000, crafted to jump-start a stalled housing market. Just about six weeks remain for buyers to get those contracts inked.
So You Want to Walk Away from the Mortgage…	Global	3/17/2010 11:17 AM
Advice for an Illinois man who is underwater on a mortgage and unsure about whether or not to abandon ship.
A Trophy on the Market in D.C.	Global	3/16/2010 4:09 PM
In the latest test of the high-end office-building market in Washington, a German real-estate fund is looking to sell the onetime headquarters of the now-defunct Evening Star newspaper on Pennsylvania Avenue.
Whats Next for the Fed and Mortgages?	Global	3/16/2010 12:46 PM
The Federal Reserve is bringing its mortgage-purchase program to a close. That will leave investors, homebuyers and the housing sector to watch nervously in the coming months as the industry tries to recover without new support from the Fed.
The Snow Piled on the Problems for Landlords	Global	3/16/2010 11:21 AM
But, the wintry weather didn't just affect the home builders, who usually get all the attention from this report. The apartment sector also felt the chill.