Posts Tagged ‘ sarasota real estate ’

Sarasota, Florida Real Estate Market Update

March pending home sales in the Sarasota, Florida market rose by an unexpected 3.2 percent. Some believe that the southwest Florida real estate market might be forming a bottom. Pending single family homes in Sarasota and Manatee counties are currently near 2,500. Condos for the same area are near 750.

The increase in sales is largely due to falling home prices. Buyers who couldn’t buy in 2004 and 2005 are finding some tremendous deals out there right now. As sellers adjust themselves to the realities of the current market, buyers are responding.

Some consider this a perfect storm for buyers. There are plenty of properties to choose from, many distressed sellers, interest rates are historically low and prices have retraced dramatically.  

Realtors are also seeing what seemed a bygone boom phenomenon: multiple-offer situations. It is not uncommon to put a property on the market at an aggressive asking price and immediately receive multiple offers.

Let’s compare 2008 and 2009 home sales in Sarasota, FL: Continue reading this post

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Posted by: Marc Rasmussen on May 12th, 2009 under Guest Bloggers, Regional

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Sarasota, Florida Foreclosure Statistics

I get a lot of homebuyer inquiries from my website and one common theme from all of them is their desire to ‘find a great deal.’ Regardless of price range, virtually every potential buyer that I communicate with mentions either ‘foreclosure’, ‘short sale’, or ‘deal’.

I am sure most of you know what a foreclosure is but sometimes I run into people who don’t know what short sale means. Essentially, a short sale occurs when the proceeds of a real estate sale are insufficient to cover the liens or financial obligations owed on the property.

For example, if a home is worth $500,000 and the homeowner has a $600,000 mortgage on the property and the owner cannot make up the difference then a short sale is required. For a sale to take place the mortgage holder would have to agree to take less than what is owed to them due to an economic or financial hardship on the part of the borrower.

This process can take months to accomplish. If you are looking to purchase a property in short sale make sure you have plenty of time and patience. If you need to move into a home quickly it might be best to exclude short sales from your list.

Below are some Sarasota foreclosures and short sale statistics: Continue reading this post

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Posted by: Marc Rasmussen on March 25th, 2009 under Guest Bloggers, Regional

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It’s All About the Leads

I’ve been selling real estate for over eight years now and have had the privilege of observing both successful and unsuccessful Realtors. I have worked in the same office with and have been involved in transactions with some of the top producers in my area.

One thing I have observed about their business is that their lead generation is mostly systematic. Not all of them receive their leads the same way but the big producers have built up a consistent lead generation system where most of their clients contact them. Of course, there are successful Realtors who are out door knocking and cold calling but the largest producers seem to be chased and not chasing.

Where to Get Leads?

There are many ways to “skin a cat”. Realtors can farm geographic areas, build a web presence, advertise in print, use direct mail, purchase leads, or network with their sphere of influence. All of the avenues can lead to success. You just have to decide which of them work best for you. Non computer savvy Realtors barely know how to turn on a computer so they might not be suited to focus on the web. A new agent with few contacts may find it difficult to live off of their sphere of influence. There are very successful agents out there in virtually every market using one or all of these avenues to garner leads. If you do just one of these extremely well you will generate plenty of leads.

Goal: Be Chased, Don’t Be Chasing

If you have been in the business long enough you have probably cold called or door knocked. Some love it while the majority of the agents I speak with generally do not. Your ultimate goal as a Realtor is Continue reading this post

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Posted by: Marc Rasmussen on November 26th, 2008 under Best Practices, Guest Bloggers, Leads

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A Toast to Our New Guest Blogger

Please raise your glasses and welcome our new blog contributor, Marc Rasmussen.

Marc is a Realtor with Michael Saunders and Company in Sarasota, Florida, with a focus in luxury real estate property investments.

Over the last decade, he has developed an impressive web presence in the Sarasota markeplace through unique marketing strategies via direct mail, advertising, blogging and other Internet verticals. He attracts home buyers, sellers and investors from around the world to his Florida real estate website, www.luxurysarasotarealestate.com.

Marc is active with the Real Estate Web Masters (REW) community, ActiveRain and the Sarasota Association of Realtors.

Stay tuned for Marc’s first blog post here on the HomeGain Blog later this week!

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Posted by: Jessica Gopalakrishnan on November 25th, 2008 under Guest Bloggers

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