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Key Solutions Real Estate Group

6021 Midnight Pass Rd, Sarasota FL, 34242
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January 2014

Found 6 blog entries for January 2014.

Eagle Trace in Lakewood RanchI had the opportunity today to tour the new Eagle Trace community located at the north end of Lakewood Ranch. Eagle Trace is being developed and built by local quality builder Neal Communities and celebrated a grand opening on December 7. The neighborhood amenities are numerous and include gated entry, tennis court, pool, two dog parks and an outdoor entertainment area with a gas grill.

Home Models in Eagle Trace

Typical of Neal Communities, the floor plans are well thought out and the model homes are decorated beautifully. Currently there are five single family home plans to choose from ranging from the 1772 square foot, three bedroom, two bathroom Freshwater 2 model that starts at $239,990 to the Sweetwater 2 model which has four bedrooms, 2

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Home prices in Sarasota County continue their ascent, as the median sales price for condos and single family homes in December 2013 were up double digits over the figures from December 2012, once again ending the year on a high note.

The median sales price of a single family home reached $189,950 in the month of December, marking an impressive 15.1 percent increase over last December’s median sales price of $165,000. The condo market also experienced a significant price jump in December 2013 as the median sales price for condos in Sarasota County reached $182,000, representing a 10.2 percent increase over last December’s median sales price of $165,100.

Furthermore, at $184,900 for single family homes during the month of December, the 12-month rolling

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Key Realty Solutions - Lakewood Ranch OfficeWe are pleased to announce the opening of our newest office in San Marco Plaza in Lakewood Ranch. An award-winning, 17,500 acre master-planned community, located on Florida's Gulf Coast, near I-75, Lakewood Ranch affords home buyers a variety of options including townhouses, single family homes and luxury estates.

Lakewood Ranch has led the way in recent times with home sales increasing by more than 70 percent. Buyers are wowed by the affordable pricing and exceptional lifestyle that Lakewood Ranch has to offer. If you are thinking of buying or selling a home, let the Lakewood Ranch experts at Key Solutions Real Estate guide you through the process.

View current listings for Lakewood Ranch

Visit our office at:
8225 Natures Way, Suite 119
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Picking the right Sarasota investment propertySooner or later, investors of every age or stature in the community will have heard all the real estate scuttlebutt jargon they care to hear. It comes in several recognizable forms: "Where are the good deals anymore, I can't find them?"

"You know Fred, I had this good deal all locked up and then lost it to a higher bidder."

And the ever popular Mantra: "I sure wish I could land a good deal once in a while!?"

That said, investor wannabe's are all different, in terms of agenda, pricing, and location. What might be the "best deal in town" for you may have been passed over and totally ignored by a dozen investors who thought it to be a bad deal. Which may have you scratching your head and thinking: "What do they know that I don't?" The real estate

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With new regulations in place, mortgages will be reviewed to ensure that each new mortgage meets the standards of a qualified mortgage: The APR must be within 1.5 percentage points of the annual prime offer rate, a loan term maximum of 30 years, and points and fees cannot exceed 3% of the loan amount.

Based on these conditions, the mortgage will be able to qualify for “safe harbor”. This means the lender has much less risk of a borrower suing them for not being able to repay the loans. This has been happening recently as multiple banks were accused of predatory lending during the mid 2000s real estate boom. There will still be options for loans that do not fall under these conditions know as rebuttable presumptions.

Rebuttable Presumptions

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Sarasota Real Estate Market Report - November 2013

In November 2013, the median price for small single family houses that were purchased in Sarasota County was 20.6% higher than the median price for similar-sized houses sold in the county during November 2012. 

More specifically, the median price of single family properties was $187,000 in November of 2013 and $155,000 in November 2012, a clear indication that the housing market in Sarasota County is beginning to rebound. From November 30, 2012 to November 30, 2013, the median sale price of single family houses was $181,700, a 23% increase from the median price of $147,000 that characterized the previous twelve month period.

Condominium Sales Numbers

While the median prices of single family homes in

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