Don’t forget tonight is “Music on Main” in Lakewood Ranch. Tonight’s musical guest will be: Sheri and the Vision. This free monthly music event draws one of the friendliest ranch crowds every 30 days. There is plenty of music, dancing,  beverages and food to satisfy every ones taste. You can also shop at 30  boutiques, 7  restaurants, and/or go to the  Lakewood Ranch Cinemas and watch a movie. Oh yeah…bring your dog as tonight’s charity is the SPCA Honor Sanctuary. Come and enjoy one of the events that separates Lakewood Ranch from other communities here in Florida. See you there…

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As a homeowner, seller or buyer it is imperative to understand the market around you. The Jim Soda Group is here to help! Please find market statistics for Lakewood Ranch, Manatee and Sarasota Counties. If you’re interested in getting more detail or looking at another micro-area, please don’t hesitate to email info@JimSoda.com or call us at 941.809.7759. To view homes available in your area, visit the Jim Soda Group Web-site. 

If you would like to receive our quarterly newsletters highlighting important market information, please email us at info@jimsoda.com.34202-stats3

 

 

More and more we are seeing buyers making offers on foreclosure properties. Typically, these properties are sold “as is”, but what does that really mean? It doesn’t have to be a take it or leave it scenario, but it’s important to have someone on your side that knows how to navigate these situations. Most importantly, you AND your Realtor need to understand the fine print!

Typically, when you come to a “verbal” agreement on a foreclosure property the bank will issue their own version of the contract with an extensive amount of legal jargon, time frames and limitations. In between all of this are some things that you need to understand:

  1. What is your time frame for completing and reporting on inspections?
  2. Is it from verbal agreement or executed contract?
  3. Is that in calendar or business days?
  4. What is the process for negotiating repairs? 

  • Note – just because it’s being sold “as is” doesn’t mean that there will be nothing that the bank will resolve. It’s not guaranteed, but sometimes worth a try if there is extensive damage or an underlying issue.

The Jim Soda Group has recently contracted and closed some foreclosure properties and in most situations found ourselves in a position where we had to order and execute inspections prior to a fully executed contract. Save yourself some anguish and decide up front if this is a risk you’re willing to take, knowing that the deal could fall through after you’ve put the money in to inspections.

If you’re currently looking at foreclosure properties and need the assistance of a Real Estate Professional, we’re here to help. You can reach us at 941-809-7759 or  info@jimsoda.com .

 

To Search Homes for Sale in Lakewood Ranch, Sarasota or Bradenton, FL visit Jim Soda’s Web-site.

 

 Join the Green Realtors Alliance of Sarasota for their second annual Green Homes Expo March 27, 2009. The expo with be held at the Chelsea Center (2506 Gulf Gate Drive) from 2-7 PM in Sarasota, FL. Service and Product Exhibitors as well as Industry Experts will be discussing the importance of living in an eco-friendly community and the direct benefits to today’s home owners and home buyers. So whether you are interested in sustainable living, saving money on energy or simply living in a healthier environment at home, the Green Expo promises to educate us on exciting ways to GREEN UP our homes and the community we live in. Exhibitors and discussion topics are as follows:

  Indoor air and water quality

 Green home construction

 Solar products

 Water conservation techniques

 Florida-friendly landscaping

 Green home cleaning products

 Natural pest control

 Energy efficient products

 Energy efficient mortgages

This event will showcase the best GREEN ideas and products available to our community. Come and enjoy this must see event. Please give Jim Soda Group’s Randy Huartson a call at #941.586.9635 if you have any questions.

Here are some bullet points and explanation on how the stimulus package (The American Recovery and Reinvestment Act of 2009) will affect home buyers. President  Obama is expected to sign this bill into law today  in Denver, CO.  An important area of the bill that was reduced was the proposed $15,000 home buyer tax credit.  The credit was cut down from $15,000 to $8,000, but is an improvement over last year’s $7,500 tax credit.  If  you are looking for a house or would like to contact me about the “Stimulus Package” please feel free to give me a call or e-mail me your question.

 Here are some bullet points of the HOME BUYER TAX CREDIT:

  •         Lesser of 10 percent of purchase price of home or $8,000
  •       Applies to purchases after 1/1/09 and before 12/1/09
  •       Primary Residences
  •       Available to individuals making up to $75,000 or $150,000 for joint returns
  •       First Time Home buyer (may not have owned a primary residence in the past 3 years)
  •       No repayment required, unless home is sold within 3 years
  •       Can utilize credit if using state/local bond financing 

Randy Huartson, Helen Sosso (Prudential Palms Broker) and I have recently returned from 2009 Real Estate Connect In New York City. The  7th annual event was actually our first time for the Jim Soda Group. This conference is where the leaders in finance and technology come to discuss change and innovation within the real estate industry. Timely topic-driven panels and practical workshops provided our team with some new tools and techniques we need to take The Jim Soda Group and Prudential Palms Realty to the next level. I concentrated on internet marketing while Randy spent time in the blogger workshops. Helen kept herself busy meeting her many influential contacts within the industry and staying abreast of the changing real estate landscape. Below is the “How to” we covered in NYC:

How to better Market Listings Online

How to get ahead of the competition

How to Build an Effective Website

How to Integrate New Technology into our Business

How to Leverage a Great Database to Build our Business

Please give me a call on how I can help you with your real estate needs. Thank you.

It’s a good possibility and better than average bet, that your future PORTFOLIO should again include…REAL ESTATE.  Who do you trust?  Why not become your own CEO?  And why risk your financial future on un-accountable CEOs, the greed of corporate directors, and spendthrift companies or investment talking heads? Even the wealthy got taken by Maddoff, while regulators watched. 

 

Our real estate prices are at levels making economic sense to buy and hold or look for rental properties that offer positive cash flow.  Bank foreclosures, short sales or just excellent valued properties may fit your investment needs.  A combination of your IRA, personal monies and loans may be the right equation.  What ever you decide it is a good time to buy. 

 

2008 was a difficult year for our local real estate market. The year began with initial hopes of our prices nearing the bottom. Many Sellers held on to that notion, some too long.  Many aggressive Sellers did sell.  Some will continue to wait for the right buyer.  In years past we didn’t know the term Short Sale or thought we would ever need to know it.  As time went on Short Sale seminars developed, Short Sale certifications were offered. We had short sale failures, short sale success stories and long hours of unsettlement with Loss Specialists whose job description the week before was Receptionist. These departments simply didn’t exist.  Bank foreclosure numbers rose and unfortunately, keep rising. Foreclosures are happening to very hard working families and some with unfortunate circumstances.  As if we needed more salt in our wounds nearly the entire credit market collapses and more new terms emerge, such as, “Bailout and TARP.” With debts now in the trillions.

 

So here we are in 2009.  Many of the same problems facing us remain.  We will probably hear and learn new definitions and terms as we go along for the credit ride.  We are hopeful this year will be a better year with more positive terms coming our way and successful stories.  Our position remains, the time to buy is now.  Allow yourself financial freedom with smart investments offering positive cash flow.  Be your own boss and start your Real Estate Investment Portfolio.  Please call me or e-mail if you have any questions. Happy New Year.