Bradenton Real Estate

December 4, 2012

Bradenton, Manatee County, Real Estate Report, Forecast, Stats, and Data – October 2012

Bradenton, Manatee County, Real Estate Report, Forecast, Stats, and Data – October 2012

In Manatee county, FL, the median sold price for CONDOMINIUM properties for October 2012 was $89,000

, showing a decrease of 16.4% compared to last month, and an increase of 12.8% from October of 2011. The average days on market for condos sold in October 2012 was 147 days. That number is 6% below the 5-year October average number of 157 days. We realized an 8.2%, month over month, increase in the number of new contracts with 172 new ‘pending’ contracts, & a 2/4% month over month increase for ‘all’ pending contracts with 296. (All pendings = new pendings + contracts carried over from September 2012)

In Manatee county, FL, the median sold price for SINGLE FAMILY HOMES AND VILLA properties for October 2012 wa $185,000, showing an increase of 5/7% compared to last month, and an 18.6% from October of 2011. The average days on market for single family homes sold in October 2012 was 96 days. That number is 20% below the 5-year October average of 119 days. We realized a 1.4% month over month decrease in the number of new contracts with 629 new ‘pending’ contracts, & a 0.2% month over month increase for ‘all’ pending contracts with 1,363 (All pendings = new pendings + contracts carried over from September 2012) and a 4% increase in supply to 1,762 active listing for single family homes and villa homes. This activity resulted in a contract ratio of 0.77 pending contracts per each active listing, . This contract ratio is 153% higher than the 5-year October average of 0.30.

For a detailed real estate market report for your Manatee or Sarasota county zip code or neighborhood, please contact our team, The Serena Group, and we would be happy to provide that report at no cost to you → 941.757.5377

or email: info@TheSerenaGroup.com or follow this link to make your request: REQUEST MARKET REPORT!
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October 23, 2012

Housing Sector Still Contributing in a Big Way

impact of real estate industry and housing sector on the economy

If you’ve purchased a home recently or intend to purchase soon, you may not have thought about the fact that you’re part of a vast industry that has made, and continues to make, a significant contribution to the American economy.

Consider the following information from an April 2012 report by the National Association of Realtors® (NAR):

“Research has consistently shown the importance of the housing sector on the economy and the long-term social and financial benefits to individual homeowners. The economic benefits of the housing market and home ownership are immense and well documented. The housing sector (in the U.S.) directly accounted for approximately 15% of total economic activity in 2011.

Those statistics include such contributing factors as: mortgage lending; home construction; real estate agents’ commissions; lawyers’ fees, home appraisal costs, and moving costs. These sectors generate taxes and other forms of income for government at all levels.

Beyond that the housing industry also produces long reaching economic ripples that extend well beyond the home purchases and related expenses and expenditures.

Real estate transactions create jobs and, thereby, facilitate economic growth in ways that you might not even have considered.

For instance, a NAR study on the economic impact of real estate in the state of Oregon tells the tale:

For every home sold in Oregon in 2011, there were additional expenditures on consumer items, such as furniture, appliances and paint, totaling, on average, $5,234.

When you consider the number of homes sold across North America, you start to realize the numbers of manufacturers, suppliers of goods and services, trades people and sales forces that are dependent on the health and prosperity of the housing industry. The real estate industry remains, even under less than favorable circumstances, one to be reckoned with. Naysayers notwithstanding, it will continue to be so.

Even now with national housing markets in flux, home ownership remains ingrained in our very psyche. The American dream is alive and well and still very much a reality for many people.

If you’re considering or planning to buy or sell a home in the Bradenton, Sarasota, Manatee County, or Sarasota County areas of Florida

Please consider working with our team of hard working and experienced real estate professionals, The Serena Group.

Learn more about us here → MEET THE TEAM!

You may contact us directly, anytime, at →  941.757.5377.

September 19, 2012

Manatee County Real Estate Market Report – Year to Date – August 2012

Manatee County

Real Estate Market Report – Year to Date

All Property Types

Single Family and Condominiums – August 2012

manatee county, real estate, market, report, data, statistics, news

Thinking of selling or buying a home in

Bradenton, Sarasota, Manatee or Sarasota County?

THE SERENA GROUP is here for you!   Direct → 941.757.5377

View this document on Scribd

July 5, 2012

7 Issues That Will Prevent Your Home From Selling

7 Issues That Will Prevent Your Home From Selling

7 Issues That Will Prevent Your Home From Selling

No curb appeal

Buyers won’t even go inside if the outside of the house looks unappealing.  Clean up your front yard by trimming trees and hedges, and getting rid of weeds. Make sure the outside of your home looks well cared-for by painting the trim, mowing the lawn, refreshing mulch and plant beds, and placing attractive potted plants by the front door.

Offensive Odors

You may have become accustomed to and not even notice bad odors that may be lurking in your home, but buyers most certainly will. Smoking and pets are the prime causes of offensive odors, so, if you’re a smoking household, smoke outside while you are selling your home and make sure to dispose of the ashes right away.  Take time to devise a plan for how to handle your pets while buyers will be viewing your home.  Make sure that they are always well-groomed, that their pillows and bedding are laundered frequently, litter boxes emptied and cleaned, and that any ‘accidents’ are thoroughly and completely eliminated.  Allow the house to air out thoroughly before viewings – don’t just try to mask the odor with another scent.  If a freshening scent is needed, place a pan of water or apple juice on the stove, set to simmer on a low setting, with cinnamon sticks, and lemon or orange slices.

Loud and intimidating pets

Apart from the odor of some animals, a big dog or noisy bird can be off-putting to some buyers. If that’s a concern for you, try to remove the pet from your home when you have viewings so your potential buyers aren’t distracted from appreciating the great features of your home by your pet, or worse, frightened.

Signs of Moisture or Mold

Problems with moisture are a big turn-off to buyers. Make sure your home doesn’t smell of mildew and there are no signs of mold or mildew on walls, cabinetry, sinks, bathroom showers, A/C units, or flooring. It’s much better to address and remedy moisture problems, proactively, before you get a buyer, than to wait until buyers point them out to you.

Dirt and Grime

Although dirt is usually only cosmetic, it sends a ‘red flag’ out to buyers, leaving the impression that; overall, the house isn’t well cared for. Make sure that your kitchen and bathrooms, in particular, are squeaky clean, as these areas are particularly scrutinized for cleanliness by potential buyers.

Questionable or Dated Décor

Although your home’s décor shouldn’t matter, due to the fact that it’s also a cosmetic fix or design choice, with many buyers it does influence their choices. ‘Move in ready homes’ are very appealing to home buyers and are usually at the top of their favorite’s list due to the fact that they can move in and get settled quickly without having to make a lot of changes. Given this reality, make it a priority, when getting your home ready to sell, to replace or refresh tired or out-of-date carpeting, flooring, paint,  or wallpaper with more neutral colors and modern scheme.

Pricing

If your home is overpriced compared to similar properties on the market for your neighborhood or community, you’ll be limiting buyer interest and activity, and it will be very likely that your home will sit on the market without getting solid offers. Pricing for your home depends on a number of important market conditions and factors, so it’s very important to seek out the advice of and engage a real estate professional that you trust, and then take their advice when it comes to setting a price for your home.

Follow the link below for more home selling tips from The Serena Group ▼

HOME SELLING, SHORT SALE, FORECLOSURE, TIPS, INFORMATION, AND RESOURCES!

If you’re contemplating or need answers to questions that you may have about a short sale of your home, The Serena Group is a team of distressed property experts and specialists, sharing 100+ years of real estate experience and expertise… We CAN help you!

Follow the link below to schedule a free short sale consultation ▼

The Serena Group offers online SHORT SALE CONSULTATION scheduling HERE!

or Contact our team leader, ROBERT SERENA directly ► 941.928.1248.

June 20, 2012

Bradenton, Sarasota, Manatee County, or Sarasota County Home Owner, Contemplating a Move?

selling a home, selling real estate, home selling

If you’re thinking about the pros and cons of selling your home in the current Bradenton, Sarasota, Manatee County, or Sarasota County real estate market, here are a few key points to consider:

  1. Low inventory in your neighborhood with high ‘buyer’ demand is usually indicative of a seller advantage or seller’s market for that area.  If this is the case for your neighborhood or subdivision, you may end up with multiple offers or a bidding war on your home, which is a great position to be in as a home owner!  Offers over the ‘list price’ are becoming more common for high demand areas.
  2. Even if there are distressed property competitors or a higher inventory of available properties for sale in your neighborhood, if you’re selling a home and then buying a new home too, you could very well make up on the ‘buying side’ of the process what you might lose on the selling side.  In some instances, you might even gain more than you lose.  Enlist the assistance of a great real estate team/agent to give you an analysis of the real estate market for your area and to offer their professional interpretation of the facts.
  3. Although the real estate market is moving in an upward direction, after a number of ‘down years,’ you still might be able to take advantage of a ‘move up’ opportunity or of purchasing a bigger, more elegant, or newer home at a price that may not be available long or be seen again for years.

Need an ear, a hand, or just some wise and professional real estate advice?

Contact The Serena Group today!

Our team of 7 seasoned agents is here for you with free online home research tools, market reports, a free home seller consultation, short sale resources, or a free market analysis for your home.

Email or contact our team leader, Robert Serena at ►  info@TheSerenaGroup.com

or by Direct phone ►941.928.1248.

If you do decide to sell your home, you may benefit from some of these excellent moving tips.

Vital Ideas to Make Moving as Easy as Possible

Moving is one of life’s most stressful events.  Here’s a quick guide to make your move as painless as possible.

Decide what not to pack

  • Now’s a good time to declutter your life by deciding which items you don’t want to take with you. Decide what you want to give away, throw away, or sell.
  • Get packing materials
  • If you’re not using a professional mover, you’ll need to get some packing materials. Bookstores often have strong boxes they don’t want anymore — call on the day of a delivery to ask for them.
  • Draw a floor plan — and use labels
  • Create a plan of your new home that you can use as a guide throughout the moving process. Label each of your boxes according to this plan. And clearly list what’s in each of the boxes.

What to pack first

  • Pack things you don’t need often first. Books, out-of-season clothes, and memorabilia make good candidates to go into boxes right away.
  • Pack “essentials” boxes
  • Mark some boxes as “essentials” and put in them the things you need on your first night in your new home.  That way you won’t waste time (and valuable energy) trying to find important things.

Food…and plants

  • Food, particularly from the freezer, isn’t easily stored, so try to use it up. Put plants in big plastic bags to avoid dirt spilling.

May 31, 2012

First Time Buyers Dilemma – Starter Home or Dream Home?

First Time Buyers Dilemma – Starter Home or Dream Home?

May 16, 2012

6 Arguments for Buying Versus Renting a home

You’ve probably been bombarded by local and national real estate market news and information stating that “Now is the time to buy!”  

Especially if you are a first time home buyer, you might be asking yourself,

“Should I take the leap now into the real estate market to purchase a home?”  Or  “Is now the right time to buy a home?”

As much as all of the positive signs that we’re seeing in our local real estate market for the Sarasota, Bradenton, Manatee County, and Sarasota County area of Florida seems to provoke the answer to those questions to be a resounding “YES!”buying a home is a very personal action with very unique and individual circumstances to be considered for making the right decision at the right time .  A ‘one size fits all’ answer to the questions posed above would not do you, as a home buyer,  justice as the unique person that you are.

The advantages to home buying versus renting a home are numerous, but only you can determine if those advantages outweigh your other personal situations.

The very best home buying advice that you could follow is to, first, sit down with your family to privately discuss your options, pros and cons of both home ownership and renting.  When you’ve got a clear picture of your family’s priorities and have decided to look into buying a home, poll your trusted family members, friends, and colleagues, do your research on the web, and then,  seek the advice and guidance of an experienced, seasoned, and skilled real estate team or professional.

A good real estate agent or team of agents will be happy to schedule a home buyer consultation to go over your list of priorities, home criteria, and personal family situations to help you to decide the best plan of attack for purchasing your new home.  A good real estate agent will also counsel you on the steps of buying a home so that you will feel comfortable all throughout the home buying process… from the beginning point of looking at homes, to the end of the line at the closing table when you finally take possession of the keys to your new home!

If you or anyone that you know would like to schedule a home buyer consultation with The Serena Group, please contact our team leader, Bob Serena, directly at ► 941.928.1248

controlling your expenses, stable living costs, renting versus buying a home

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privacy, entry rights, renting versus buying a home

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pet ownership, renting versus buying a home

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noise and privacy, renting versus buying a home

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designing decisions, renting versus buying a home

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tax breaks, renting versus buying a home

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May 1, 2012

Updates to Florida’s Hardest Hit Program for Underwater Homeowners

Florida Hardest Hit Program UpdateThis past Friday, April 27, 2012, Changes to the eligibility requirements for Florida‘s Hardest Hit Fund Program were approved by the Florida Housing Board.  

Even after passing through the Florida Housing Board, the changes to Florida’s Hardest Hit Fund Program will not take effect until the US Treasury reviews, approves these changes, makes changes to their systems, and trains their staff.

Approved changes to Florida’s Hardest Hit Fund include:

  • Increase of time period for homeowners to receive assistance increased from 6 months to 1 year.
  • Cap for allowance to bring a loan current increased from $6000 to $18,000.
  • Monies to bring a loan current will be given to the homeowner upon approval instead of later in the process, helping to minimize the damage to the homeowner’s credit.
  • Monthly expense limitation of 31%, to qualify for money to bring the loan current, has been removed.
As of April 1, 2012, in Florida, nearly 90 million dollars has been earmarked to assist approximately 4,955 homeowners.

For more information or for an application visit: https://www.flhardesthithelp.org/ 

April 17, 2012

Invest Your Tax Refund in Your Home

income tax, investment, tips, information, real estate, home owner, home buyer

Invest Your Tax Refund in Your Home

One way to give your tax refund legs is to invest it in your home.   While the housing market may still be experiencing difficulties, real estate remains a great long-term investment.   BMO Financial Group offers the following real estate-related options for your tax refund:
First-Time Homebuyers
Today’s historically low interest rates along with more reasonable home prices make home buying a great opportunity and a tax refund can be used toward a down payment.   There are a number of loan options along with grant and down payment assistance programs that are perfect if you are a first-time homebuyer.   But, before you set out to buy a home, it’s best to talk with a mortgage professional and be pre-approved.

Refinance Your Home
With rates at historical lows, refinancing may help a homeowner lower their rate or change the length of the loan’s term, allowing them to pay off their loan quicker and save money on interest.   It’s best to check with a mortgage professional you trust who can help determine if a lower rate or different loan term makes the most sense for your personal situation.

When considering refinancing, people often worry that appraisals and closing costs will outweigh the minimal monthly savings gained.   Determine how long you plan on staying in the home you’re refinancing.   Sometimes closing costs can be recouped in monthly savings over a longer period of time.   An alternative is to use your tax refund to pay closing costs.

Pay Down Your Mortgage

Paying down your mortgage with your tax refund is also a great way to decrease your debt and increase equity in your home.   If you plan on staying in your home for at least the next three to five years, consider investing your tax refund toward the principal of your mortgage.

The Serena Group ~ Keller Williams Realty of Manatee is here for you!     Contact Us Today!

March 29, 2012

Video Tips for a Successful House Hunt

tips for a successful house hunt, home buyer, home buying, tips, information

Click to view video!

or click link below to view video

Video ► Tips for a Successful House Hunt

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