FHA Loan Limits Restored by Congress on November 17, 2011. Congressional action reinstates the loan limit at 125 percent of area median price up to $729,750 for two years. This is great news for home buyers throughout the country and especially for homebuyers in Sarasota, Florida.
According to Gary Thomas, 2012 President-Elect, National Association of REALTORS® bill also includes an extension of the National Flood Insurance Program until December 16th. This bill is to be signed by the President and then a mortgagee letter released by HUD will signal the availability of the increased limits. You can go to FHA Loan Limits to determine the limits as of October but until the mortgagee letter goes out the restored limits are not computed.
Also, here’s an informative interview about the FHA Loan Limit changes:
New homes sales in Sarasota, Florida are a viable option for anyone buying. Great interest rates and builder incentives make purchasing a new home a good choice. In addition the cost to own a new home is a significant factor to compare since many of the builders are building green and efficient.
The BRAG, Builder Realtor Alliance Group, was formed this past year, by Sherri Spanos, Realtor Liaison for Lakewood Ranch and Gail Shane, Realtor Liaison for Neal Homes and a small group of Realtors and Home Builders Association members.
The idea in mind was as simple as finding ways to get the HBA builders and Realtors together to promote new home sales in Sarasota, Florida. After all we are a team. And the more we know about each other, the more we can share with each other our knowledge and expertise.
We have gotten off to a great start and it is still evolving. Builders and Realtors are encouraged to join us each month for breakfast and conversation while touring the new homes in Sarasota.
Sarasota Association of Realtors and Manatee Association of Realtors have been helpful in promoting this new alliance. For more information visit http://hbamanatee-sarasota.org/
This video was shot at the first breakfast on November 18,2011 which was hosted by Medallion Homes .
Trouble viewing? Visit http://floridanextage.com/
As a New Home Sales specialist I look forward to learning more about the great values offered by our area builders. Attending BRAG Breakfasts is a great way to do just that.
So, you know where this story is going. I did my Realtor duty, Sarasota is selling, and although I tried to educate them about the improbability of finding this particular property we looked and eliminated to the last property which was acceptable only to find that a contract had been accepted only minutes before my call. They left discouraged and possibly unhappy with my services. I tired to tell them in a kind way that they were just expecting too much. Sarasota is selling, but not for "pennies on the dollar."
Not that these people were unsophisticated or uneducated but they had formulated their expectations based on a few stories from friends, the media and the story of the “unbelievable deal the bank gave someone!” Now there are some bargains in Sarasota. However, one has to be realistic about what the prices in Sarasota will bring up.
Was this a waste of my time? Maybe not. Perhaps they will return or send me a referral. I will start the next customer relationship a little differently. I’ll send them to my blog Florida Next and my FB page Sarasota Suze and they can learn about the best ways to buy, where to buy and what goes on in Paradise. Customer education builds respect and the understanding of the value a Realtor brings to the situation. We want our potential Sarasotans to know that Sarasota real estate is selling,but not for "pennies on the dollar."
At Nextage the Power of We makes the difference, working together to expand, train, & learn to work On the business. This attitude satisfies the entrepreneur in me and helps me reach my goals.
It doesn't take much to convince someone that Sarasota, Florida is Paradise on the Gulf Coast. Mr. Beach dubbed our own Siesta Key Beach the #1 most Beautiful Beach in the US. I'm a native Floridian. I've lived in a few other places in and out of Florida and I kept coming back. A Dieteics internship brought me Sarasota in 1985.I've been here since and I LOVE SRQ! After a 25 year career working with babies to seniors I decided to extend my interests in real estate. I've spent many years investing and working with homeowners to avoid foreclosure. I want to be part of the solution whether it's to find a new resident and their family a home or help someone work through a distressed situation, I love the challenge . I still work with the Senior Friendship Center for Healthy Aging as a volunteer Nutrition counselor. I probably always will. Senior Friendship is one of those "gems" you will learn about on my blog http://floridanextage.com/. I'm still discovering Sarasota surprises and I want to share them with visitors and residents. You see, so many of our visitors become residents quickly.
If you've decided to make Sarasota your home let's get together and find the house to make your home.
If your life has changed and you need to sell your house let's get together and find the next owners to make it their home.
Two friends gave me the moniker, Sarasota Suze, and it's stuck. I'm all about Sarasota and the people that live & love here and make it a community worth sharing.
All About Sarasota:
Sarasota is characteristic of waterfront cities but with a special string of keys, Anna Maria, Longboat, Siesta, and Casey that boast fabulous homes which are hi-lighted on TV and in publications around the world. Mainland Sarasota has waterfront as well due to the many canals and lakes but also because Phillippi Creek runs through the county creating beautiful water paths to the inter-coastal and charming waterfront nooks where you wouldn't expect them. The result is a bit of a mixed bag is some areas. You may have a waterfront home on one side of the street and a modest family residence on the other. It's just the nature of Sarasota. After having lived here for 26 years, I'm the one you want looking out for your best interest with your next home investment.
I get a real thrill after helping someone find their next home. And I get an equal satisfaction after helping someone sell their house. I've handled over 50 distressing sales and negotiated the best outcome for my customer.
It's a pleasure working with sophisticated buyers and sellers that understand the value of real estate. The Sarasota market is a bit different in that the nationwide trends don't exactly match here so it's important to work with an expert that knows the community.
David Ford-Coates, Real Estate Associate
"I am a Florida Realtor based in Sarasota. I love working with Susan Phelps. With her, I no longer have to worry about those awful phone calls to the loss mitigator. I don't know about you, but I HATE them. I've done several projects with her now and I get my full commission without any hassle from the lender at the end. I will always refer my Short Sale leads to her. Their process is a real pleasure."
Marysha L., Seller - Sarasota, FL
"Hello my name is Marysha. My husband and I live in Sarasota, FL.
For the last two years we have been working diligently with Susan Phelps. She came to us couple of years ago because we were facing foreclosure on couple of properties.
Through her diligent perseverance and professionalism, she has now, as of the last two weeks been able to finalize the sale of our last home and has saved us from having to go through the foreclosure process.
I may add that Susan is one of the very few if not the only person in any of our business and financial dealings has followed through with what she said she was going to do. She promised us an end result and has delivered that end result and was able to do it without misleading us, without misguiding us and without taking advantage of us.
I highly recommend her services to anyone who is in the same position we were in and if I had to do it all over again, I would employ her services.
I wish you well. Thank you!"
Bernardo J, Sarasota, Florida
"I want to express my gratitude for the great job Susan and Butch have done in selling my house. My business was suffering. By the time I contacted Susan and Butch, I was behind in my mortgage and facing foreclosure. We agreed that the smart thing was a short sale. After a few months, the house was sold...because of their team work and wide knowledge. They guided everyone involved to a convenient result for all.
Working with Susan and Butch has been a pleasure and one of my good decisions. I want to say Great Job! Thank you very much!"
Leslie, St. Augustine, Florida
"THANK YOU Susan from the bottom of our hearts for...your help to get us our Short Sale. If it weren't for your efforts, we would have a foreclosure on our credit. We knew of no way to sell our house because we were over-mortgaged. This past year was overshadowed with that problem, and now it has gone away.
You will always be an angel to us..."
Carl, Sarasota, Florida
"What a WONDERFUL person Susan Phelps is.
We were scheduled to begin Foreclosure proceedings...and then her company told us about the Short Sale option. Susan and my partner and I met up. She assured me that there was indeed hope that we could do a Short Sale...We were pleasantly surprised to hear there was no fee!!
Susan does this to help people and is not just in it for the money. I don't know how she did it, but soon we signed all the papers over to the new owner...and threats of legal action disappeared.
I would highly recommend Susan Phelps to anyone in danger of Foreclosure. Thanks...much more than you can ever know!!"
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