The Soda Group Blog

Venice

Welcome to South Sarasota where we call Venice, Florida. Venice is so charming with so many attractions. Did you know that Venice was the winter headquarters for Ringling Brothers Barnum and Bailey’s Circus in the 1960’s? Plenty of history in these streets along with an American impact. The arts are well described with live theatre, music and art galleries. Numerous local quaint shops, restaurants and gorgeous beaches. Venice attracts many international beach and sun lovers annually. Venice has it’s own flavor and can not be duplicated anywhere else. A serious amount of sharks teeth can be found on the Venice beaches. Saturday morning you can enjoy the farmers market picking your favorite vegetables and fruits while listening to live concerts.

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As Lakewood Ranch continues to grow Davis Development helps the process by purchasing 11.4 acres of land from SMR [ Schroeder-Manatee Ranch ] in 2011. The purpose is to bring multi-family and apartments to the Lakewood Ranch real estate area. Davis Development is an Atlanta based company. They have already started the building of luxury apartments called The Venue. This complex sits directly across the street from Lakewood Ranch Main Street. They plan on a 237 apartments which is currently under construction. Davis Development also has plans to build 270 apartments at State Road 70 and Pope Road. Housing that is very much needed. More details to follow….

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Bradenton, Florida

Bradenton, Florida is located on the Manatee River the most southern point. There you will find a vast amount of history, culture, beaches & boating. In Downtown Bradenton you will find fabulous restaurants, live theatre, an artists’area, MLB spring training and for all you baseball fans minor-league baseball. The quaint Historic Main Street is in the busy business district. Walk along the main attraction called “ Riverwalk “ ….It’s a popular family destination that is 1.5 mile of riverbank park. Riverwalk offers boat docks, a skate park, a fountain for children, fishing pier for the fisherman in you, public art, volleyball on the beach and so much more. Further beyond downtown, Bradenton you will find Anna Maria Island with

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Home Prices Post Biggest Annual Gain Since '06

 

According to a S&P/Case Shiller report, home prices in 20 major U.S. cities rose 0.7% on a non-seasonally adjusted basis in September, compared to estimates prices would at a slightly faster rate of 0.8%. Prices were up 13.3% year-over-year, the biggest increase since 2006.

We are seeing homes here in Sarasota and Lakewood Ranch,Florida sell quickly when priced right. Re-sale inventory is down and New Construction takes nine months or longer to complete. Stage your home correctly and the key is pricing it at fair market value.

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The Soda Group understands that buying a home can be overwhelming and possibly perplexing. Here are a few tips to read.

- Check your Credit Score, make sure all your info is correct and if not fix all mistakes to avoid problems during your loan process.

- Do you have a Budget? Don't over buy... Stay within your budget means.

- Get 3 or more quotes from loan officers/mortgage lenders etc....

- Look at a buyers contract to get familiar with the buying process

- Talk to your Real Estate Specialist about the area you are interested in buying in. See what is happening. Have them pull comps.

- Get a Home Inspection to protect you down the road. If you don't get a home inspection you are risking defects in a home that you may not see. You need

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Are you considering selling your home? Here are a few points you may want to consider.

- Generate Multiple offers, by pricing your home Under it's Market Value. This could cause a bidding war. This will also make your home stand out among the competition.

- Higher Initial bids. come derive from over pricing a property. It could also back fire and the home may sit on the market longer than you would like. Depends on the inventory. Also, depends on the mostrecent comps.

- The most direct approach would be Fair Market Value, price your home within the range of other similar properties and let a buyer decide. Buyers are very knowledgeable and have numerous outlets of resources to choose from in today's internet world. Buyers will choose the home that

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Mortgage Rates

Export DataFlipCharts
Name Current 1M ago 3M ago 6M ago 1Y ago Date Links
30 Year Fixed 4.42% 4.11% 4.53% 3.63% 3.38% 11/14/13  
30 Year Fixed Jumbo 4.36% 4.12% 4.65% 3.83% 3.90% 11/14/13  
15 Year Fixed 3.50% 3.25% 3.60% 2.79% 2.80% 11/14/13  
15 Year Fixed Jumbo 3.38% 3.38% 3.50% 3.13% 3.18% 11/14/13  
10 Year Fixed 4.05% 3.69% 3.71% 3.30% 2.99% 11/14/13  
5/1 Year Arm 3.22% 3.11% 3.41% 2.79% 2.98% 11/14/13  
5/1 Year Arm Jumbo 3.13% 3.16% 3.20% 3.00% 3.66% 10/02/13  
3/1 Arm 2.73% 3.38% 3.00% 3.54% 3.11%
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Mortgage Rates

Export DataFlipCharts
Name Current 1M ago 3M ago 6M ago 1Y ago Date Links
30 Year Fixed 4.42% 4.11% 4.53% 3.63% 3.38% 11/14/13  
30 Year Fixed Jumbo 4.36% 4.12% 4.65% 3.83% 3.90% 11/14/13  
15 Year Fixed 3.50% 3.25% 3.60% 2.79% 2.80% 11/14/13  
15 Year Fixed Jumbo 3.38% 3.38% 3.50% 3.13% 3.18% 11/14/13  
10 Year Fixed 4.05% 3.69% 3.71% 3.30% 2.99% 11/14/13  
5/1 Year Arm 3.22% 3.11% 3.41% 2.79% 2.98% 11/14/13  
5/1 Year Arm Jumbo 3.13% 3.16% 3.20% 3.00% 3.66% 10/02/13  
3/1 Arm 2.73% 3.38% 3.00% 3.54% 3.11%
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Lakewood Ranch has been seeing continued growth as the economy continues to move steadily upwards. Lakewood Ranch Real Estate is unique because this area is so new, fresh and such a clean look. SMR has done a fabulous job in their developing our area that we so proudly call home. Home Sales are strong and so is new construction. During the 2013 Tour of Homes which has become extremely popular and has gone up 25% compared to last year's Tour. Buyer's have the opportunity to view the builder's model homes in Lakewood Ranch and also visit Lakewood Ranch homes for sale. It's great traffic for the re-sale market and sellers. Buyer's who don't want to wait or do not have the time to build a new construction home can see what's on the market as a re-sale.

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Are we seeing a Good or Bad Economy?

Our economy has seemed to be out of a recession now for more than four years, however many home owners would say we are still in a spirl downtown. In August our unemployment rate of 7.3% is better than the 10% four years ago. 7 million jobs were added in the past three years which has helped. The employment rate remains at a low of 59 percent. The Stock Market & The Housing market are looking good. The rise in home prices have puched up net equity holdings by 2 trillion in the past few years. Stock prices have also helped households. Renters are on the rise. People seem to think renting a home vs. buying may be the best fit for now anyway. Hopefully, 2014 brings an entire new look to the housing market.

 

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