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Key Solutions Real Estate Group

6021 Midnight Pass Rd, Sarasota FL, 34242
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Sarasota Real Estate Blog

Sarasota & Manatee County Real Estate Market Update: May 2016Sarasota County real estate market update, May 2016It's A Seller's Market in Sarasota and Manatee Counties

More and more people are putting their houses and condos up for sale in Sarasota and Manatee Counties. Sale prices have increased this year, which has attracted a lot of sellers to the market. Due to a low months' supply of inventory, it's now a great time to sell.

Since May of last year, the inventory of single-family homes increased 15.3% in Sarasota County and 20.2% in Manatee County. For condos, the increase has been a whopping 33% for Sarasota County and 17.4% for Manatee County. This is an indicator that more sellers have entered the market.

Increase In Home Values Is Enticing To Sellers

The most likely reason for the increase in sellers is that home prices have also risen since

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Preparing to sell your home in SarasotaThe economy is definitely on an upswing, and people are more financially secure to purchase properties now than they have been in recent years. Mortgage rates are extremely low, so the buyers are out there! Let’s help you get your home listed and maximize your selling options with the tips below.

Here are four things to consider if you're thinking about putting your Sarasota property up for sale.

Price Your Home Competitively

When you determine the price, it’s best to look at the current market values in your neighborhood. Look at the other prices that houses in the area *sold for. Consider your square footage, the number of rooms and the overall condition of your room. Of course, you will want to take into account that you may have added to your

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Sarasota Mortgage Approval TipsIf you’re ready to buy a home in Sarasota, then let us be the first to say congratulations! Now that you’ve put your mind do it, it’s time to get your finances in order to make sure that you can make this dream a reality, and the biggest first step is applying for the ‘m’ word —a mortgage. Whether it’s your first home, second home, or another investment property, the basic rules for mortgage approval will still apply. You need to have excellent credibility with your previous and existing lenders, and prove that you can afford to take on the responsibilities of another large loan.

To help highlight this process for you, we’ve put together a handy infographic to outline what you should do and shouldn’t do when applying for a mortgage.

The Do’s of

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Buying Sarasota Real Estate

When meeting with clients, one of the things we share with them is that they can make changes to the home, but unless they want to physically move the house, they can do absolutely nothing to change the location.

How To Buy a Great Home in Sarasota at a Lower Price

When it comes to buying residential property, keep in mind that neighborhoods change over time, mostly for the better.

There could be a home that is perfectly situated in the best neighborhood, in the best school district in town. However, if it is on a street that has heavy automobile traffic, or if it is right in front of a shopping mall, that home's value may be less, compared to other homes in the area.

In a good location, should you buy the best or somewhat undesirable

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millennials & boomers buying a condoBuying a condo as opposed to a single-family home can be an excellent real estate option for both millennials and baby boomers alike. Owning a condo provides many of the same benefits as owning a single-family home, such as building equity and receiving tax incentives. There are some important things to consider when you’re deciding between buying a condo and a home, however, which we’ve outlined for you below.

Pros of Buying a Condo vs. Buying a Single-Family Home

Financial Feasibility

For young individuals entering the real estate market for the first time, coming up with the down payment and getting qualified for a loan are just two pieces of the home ownership puzzle that can seem overwhelming. Buying a condo instead of a single-family home

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sarasota florida best place to live

What the Key Solutions Real Estate Group and Sarasota residents already knew has been confirmed by U.S. News & World Report: Sarasota, FL is one of the best places to live in the USA!

Each year, U.S. News ranks the USA's most populous 100 cities using data from sources like the United States Census Bureau and the Department of Labor. Categories are based on what Americans believe are the most important things to consider when choosing where to settle down, and include such things as a strong job market and quality of life. Using factors such as unemployment rate, cost of living, crime rate, quality of education, and a myriad of others, the resulting list is meant to help readers decide where they should live.

For 2016, Sarasota ranks #14 on the

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how-to-buy-a-home-in-sarasota-fl

Buying a house is one of the biggest investments you’ll ever make in your lifetime, ripe with excitement and new possibilities. It’s also a time-consuming, multi-step process, full of unfamiliar lingo and legal jargon. As such, the home buying process as a whole can be both thrilling and daunting at the same time. To help make sure your experience is more the former than the latter, we’ve broken down the home buying process so that you can learn how to buy a home in Sarasota in five easy steps.

Step 1: Gather Your Troops

Choosing the Right Real Estate Agent

Regardless of whether or not you’ve purchased real estate in the past, you’ll have a much more enjoyable and successful experience with the right people in your corner. The first member

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how to get your finances in order so you can buy a homeBefore you even start looking for a home, it’s important to get your finances in order. Buying a home is going to be one of the largest financial investments you’ll ever make, after all! Not only will this financially prepare you for homeownership, but it can speed up the entire home buying process, and let sellers know that you're a serious prospective buyer.

Step 1: Follow a Budget

If you don’t already have one, we highly recommend setting and following a budget. You can create a simple spreadsheet, or choose from one of many free templates available online. Not only does this allow you to assess your current financial situation, but it also allows you to plan for your new home expenses.

Factor in your income and estimate your expenses. Some of

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tips for getting multiple offers when selling your home

If you’re like most people who are selling a house in Sarasota, your dream is to get a great offer, and possibly multiple offers, on your home. After all, you live in a tropical paradise with world-famous beaches, upscale amenities, limitless opportunities for outdoor recreation and a perfect climate. What more could people want? Usually a lot, actually. But don’t worry! If you consider what your Sarasota home already has going for it and our tips below, you’ll greatly increase your chances of getting multiple offers when selling your home.

Location, Location, Location!

As is often said when buying or selling a house, location is key. A desirable location is often the first thing that homebuyers look for. If you were savvy enough to buy property

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tips for buying a flipped house

People often believe that purchasing a flipped property is just like buying a brand new or fully-renovated home, and that the house is in tip-top shape and move-in ready. Most homebuyers aren’t aware, however, that a number of house flippers or contractors want to sell as quickly as possible in order to move on to their next flip project. Things may look good on the surface, but a rushed job will most likely result in not-so-perfect workmanship throughout the home. If you’re thinking about buying a flipped house, consider the tips below so you won’t be dealing with any unexpected problems after you close.

1. Look Beyond the Fancy Finishes

Take a closer look beyond the attractive visual façade of a home. As much as you’d like to focus on the

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