Sarasota real estate homeowners make “business” decisions about “underwater” properties, drawing criticism from Wall Street “hypocrites.” The gull of mortgage “bankers”…. Who do “THEY” think they are? In a Jan. 7, 2010, New York Times article, Roger Lowenstein quotes John Courson, president and C.E.O. of the Mortgage Bankers Association, who indicates homeowners who default on [...]
Sarasota homes for sale face enough challenges in today’s turbulent, unpredictable Sarasota real estate market without tenants sabotaging sales attempts. Am I too tough on tenants? Unfair? My experience simply is that houses rarely sell smoothly (or at all) with tenants involved. In fact, I NEVER have successfully sold a house occupied by tenants. What [...]
Sarasota homes for sale demand APPEAL from MLS photos to curb to showing (appeal) to encourage a buyer to submit a reasonable offer on a property listed for sale. You never know the condition of a property on the market today. Photos get prospective buyers to want to see the property. Curb appeal gets prospective [...]
Sarasota homes for sale are sinking underwater at a rate greater than the reported 1 in 4 mortgages underwater. What this means to homeowners is that IF/WHEN they must sell, they’d better have a “boatload” of money available or…. Bob & Louise of Sarasota (FL) owe $569,000 on a home worth $345,000. By definition, they [...]
Sarasota Homeowners choose strategic defaults and renting over throwing good money at a sinking “Titanic.” Just a couple hours ago, I returned from another listing appointment comparing to 100 other listing appointments. Home owner can’t afford his mortgage any longer. Bank won’t modify his loan. House is worth LESS than he paid for it…about 43% [...]