The whole town is talking about those luxury apartments at Riviera Dunes up in Palmetto that have been reduced to prices that are truly startling – they now start at $140,000 for a 2,000-square-foot unit that was originally priced at almost half a million. Are they any good? What’s the catch? And what does this mean for the future?Riviera Dunes is a very elaborate high-end development on the eastern edge of Palmetto that includes private homes, a big marina, and three large apartment complexes, the one in question being called Bel Mare. It was built at exactly the wrong time and has been purchased out of foreclosure by a company that specializes in turning these sort of situations around. Apparently they purchased 53 units for an average price of $120,000 and are now selling them at greatly deflated prices. (More …)
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Luxury on Sale
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Check out the bargains at Riviera Dunes in Palmetto.By Robert Plunket, Real Estate Junkie, Sarasota Magazine -
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7 Ways to Take Advantage of the Extended Tax Deduction
By Bob Corcoran
For more information, visit http://www.CorcoranCoaching.com.
Now is the time to act because we don’t know if Congress will extend the deduction a third time. My guess is no. I believe lawmakers and economists expect natural market forces to take over in the busy season in the spring of 2010 without the incentives.
RISMEDIA, December 9, 2009—Look who got an early holiday present—Realtors and the rest of the folks interested in buying and selling homes.
Bob Corcoran is a nationally recognized speaker and author who is founder and president of Corcoran Consulting Inc. (CorcoranCoaching.com, 800-957-8353), an international consulting and coaching company that specializes in performance coaching and the implementation of sound business systems into the residential or commercial broker or agent’s existing practice.
Hats off to the National Association of Realtors (NAR) and its lobbying efforts for bringing us fantastic news out of Washington, D.C.–lawmakers have extended the homebuyer tax credit to April 30, 2010. And they’ve sweetened the deal: the law increases the limit for couples to $225,000 in annual income, roughly $55,000 more than the existing law.
Plus, it adds a nice $6,500 carrot for those who’ve lived in their homes for five of the prior eight years to buy up or buy elsewhere. I believe this will move houses at both the lower and higher ends as well.
This news is a perfect opportunity for Realtors to capitalize on several levels:
1. Stand out from the crowd – Many Realtors take a break near the end of the year. If you choose to keep working, you’ll not only stand out from the crowd, you’ll be able to get the most out of the extension and improve your bottom line.
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President Signs Homebuyer Tax Credit Extension
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Tax Credit ExtensionPresident Obama signed H.R. 3548 Friday morning, enacting into law an extension, and adjustment, of the $8,000 tax credit for first-time buyers. Among other things, the extension adds money for certain move-up buyers; creates one deadline for signing a contract and a later deadline for closing; changes income requirements; and limits a purchased home’s cost to $800,000.
“Extending the homebuyer tax credit and expanding it to reach more homebuyers is the right thing to do,” says 2009 Florida Realtors® President Cynthia Shelton. “It is critical to maintaining the positive momentum we’ve been experiencing in the housing market and in the overall economy. Florida Realtors applaud congressional leaders for taking action to extend the homebuyer tax credit into 2010, which will help Florida families realize their dream of homeownership, improve our communities and strengthen our economy.”
Adds John Sebree, Florida Realtors vice president of public policy, “Florida residents enjoy two additional advantages. The Florida Homebuyer Opportunity Program (FHOP), created by the Florida Legislature earlier this year, still has approximately $28 million that first-time homebuyers can access and use toward their downpayment. And move-up buyers now have the ability to ‘port’ their current property tax savings to a new home.”
To view the entire article, click here.
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Christie’s Great Estates - Reaching the World With International Marketing
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Christie’s Great Estates provides global opportunities superior to any other international luxury real estate network. Michael Saunders and Company is proud to be part of this network in delivering the most optimum international marketing strategy to our sellers. Click on the below image to download a viewable and printable version of how Christie’s Great Estates global network is the best option to sell your home.
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25 Best Places to Retire
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Thinking about your post-work home?
You’ll get huge bang for your buck — plus lots of other perks — in these towns. Port Charlotte, Fla.

Population: 48,000
% over 50: 44%
Typical 3-bedroom home: $170,000
Housing prices down: 63%
State income tax: None
Lots of places in Florida have been battered by the housing bust. But this laid-back Gulf Coast town, just across Charlotte Harbor from pricier Punta Gorda, arguably best hits the sweet spot of great prices and great amenities.
Homes here cost less than half what they did in late 2005, and about 40% of them sit on canals and waterways leading to the harbor – which has 270 square miles of cruising waters and 219 miles of protected shoreline. – CNNMoney.com, by Sarah Max and Beth Braverman
To view the entire article, click here.
To see complete data, including tax rates for Port Charlotte, click here.
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Wall Street Journal Essay - A Toe in the Water
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A Toe in the Water
Real estate is starting to look cheap enough to buy. Or at least think about buying.
By DAVE KANSAS
Recently over dinner, a friend of mine startled me by saying he and his wife were looking to buy a lake cabin. I figured that in this time of economic uncertainty, people would still be stuffing their mattresses with hard, cold cash. But buying real estate? That seemed particularly surprising.
The Journal Report
See the complete Your Money Matters report.
The more I’ve talked to people, though, the more I get a sense that things have started to change. While the economy remains in rough shape and the jobless rate continues to rise, the frantic desire to save and build cash reserves has ebbed. Those fortunate people who have weathered the storm are emerging from their fetal crouch and starting to think more about taking some investment risks.
What I find especially interesting is where most of my risk-taking friends are headed. It isn’t the stock market; in fact, the only folks I know who have waded back into the stock market are the gunslinger types who never really left it.
Instead, they seem to be heading for real estate. At first I found this puzzling, given the brutal battering real estate has taken. But that’s the point: An increasing number of my friends see this as the perfect opportunity to find something at a bargain-basement price.
And so, among my friends: A New York executive and his wife are looking for a summer place in New England; a small-business owner in Minnesota is thinking about acquiring some rental property; a New Jersey technology consultant is considering buying a small apartment in New York, perhaps with some other friends. (More …)
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Sarasota-Bradenton Home Sales Spike 30% in July
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National home sales, as reported by the National Association of Realtors for the month of July, were the best in several years.
Home sales in the Sarasota-Bradenton market rose 30 percent during July as buyers scurried to lock in a tax credit of 10 percent of the purchase price, or up to $8,000.
Prices in the market were down 22 percent from a year ago at $179,500, but continued to show stability, rising 10 percent from $162,700 in June, according to data released Friday by the Florida Association of Realtors.
In Charlotte County-North Port, sales rose 24 percent in July, but the median sales price of $105,000 was down 26 percent from a year ago and 28 percent from June.
Statewide, home sales rose 37 percent, with the median dropping 24 percent to $147,600. That price was roughly flat with $148,000 last month.
Nationally, sales in July posted the largest monthly increase in at least 10 years, perhaps a sign that the U.S. housing market is rebounding quicker than expected. – HeraldTibune.com (article by Tom Bayles & Aaron Kessler)
To read the entire article, please click here.
Related Links (Provided by, Florida Association of Realtors and the University of Florida Real Estate Research Center):- Homes prices and sales | Graphics
- Condo prices and sales | Graphics
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Digital Listing Presentation
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Enhance Your Real Estate Experience
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Why limit yourself to property ads in print? Start your home search on your terms. Access a wealth of information on available properties, agents and more at michaelsaunders.com. User friendly and available 24/7. Michaelsaunders.com has information on 25,000+ available properties throughout Sarasota, Manatee and Charlotte counties.
Click image to view full size in printable form.
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Where In The World is Michael Saunders?
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Click image to view full size in printable form.
The debate over whether home prices have stabilizedin Southwest Florida has reached somethingof a confusing impasse, with as many experts sayingthey have as those who think they haven’t quite.Regardless of whom hindsight eventually crownsthe winner of this somewhat ludicrous debate —which accomplishes little more than stalling ourrecovery by injecting more uncertainty into manywould-be buyers — competitively-priced propertiesat Michael Saunders & Company continue to sellat the average rate of $4.5 million each day.Meanwhile some of the major beneficiaries oftoday’s value-laden real estate market are wastingno time on the sidelines waiting for the pundits tosort out whether now is the right time to buy, ornot. These are today’s international buyers, manyof them from Western Europe, who are recognizingsome of the best buying opportunities to come outof Southwest Florida in many years. With a buyers’market in full swing over here, and the dollar atunprecedented lows over there, they’re cueing upas never before to happily seize on opportunitiesthat could just as easily slip away while the debaterages on. Whether a great deal today could getbetter by waiting is a moot issue if the home youwant sells tomorrow to someone else. The timeto buy, the pundits will eventually agree, is in theeye of the beholder.At Michael Saunders & Company, we haven’tsuddenly realized the importance of the internationalbuyer. Our perfect little swath of coastlinehas long been favored by quality and cultureconsciousEuropeans and reaching out to themwhere they live has been an important benefitextended to our sellers for going on four decadesnow. Indeed no one has been a more dedicatedor tireless ambassador of our enviable lifestylethan Michael Saunders, who at great effort andexpense has pursued one international brokeragepartnership after another since first openingher doors back in 1976. To continually satisfy thebest interests of our customers, Michael Saunders& Company now claims exclusive relationshipswith several of the top consortiums of independentbrokerages throughout the world. These includeLeading Real Estate Companies of the World,Luxury Portfolio, Board of Regents, ChristiesGreat Estates, EREN-The European Real EstateNetwork and London’s Mayfair InternationalRealty, an organization representing 125 real estatebrokerages with 350 offices throughout the UnitedKingdom, Europe and the Middle East.Just since ringing in the New Year, MichaelSaunders has logged thousands of air miles to takethe podium at numerous international conferences— held on both sides of the Atlantic — to preachthe marvels of paradise on Florida’s Gulf Coast.One week in New York, the next in Chicago; hernext stop will be in the Dominican Republic whereyou will find her promoting Southwest Floridabefore an international conference of EREN,the European Real Estate Network, one of ournewest brokerage partners. Comprised of 22 of themost prestigious European property firms, ERENoperates from 53 offices in 10 countries. Then it’soff to Boca Raton for the international conferenceof Leading Real Estate Companies of theWorld where as chairman of the board for her thirdstraight year she will welcome representatives fromthe organization’s 700 affiliate firms representing160,000 sales associates from over 35 countriesaround the world.Then it’s west to a conference in California,on to Denver, overseas to Rome, back to Denver,overseas to the UK, and so on throughout much ofthe year. To keep up with this annual schedule ofpromoting Southwest Florida to brokers around theworld you’d need a few pairs of comfortable shoesand a year’s supply of Wheaties. And since it’s notuncommon to hear her friends and colleagues askwhere in the world is Michael Saunders, a globalpositioning system couldn’t hurt.The debate over whether home prices have stabilized in Southwest Florida has reached something of a confusing impasse, with as many experts saying they have as those who think they haven’t quite.
Regardless of whom hindsight eventually crowns the winner of this somewhat ludicrous debate — which accomplishes little more than stalling our recovery by injecting more uncertainty into many would-be buyers — competitively-priced properties at Michael Saunders & Company continue to sell at the average rate of $4.5 million each day. (More …)
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