Sarasota considered a ‘Hot’ Real Estate Market for 2017

Norton Hammersley Real Estate Law 0 Comments

House hunters in Sarasota County will find the real estate market is in prime position for major growth in the coming year. That’s according to the real estate website Trulia, which just released its top 10 list of “hot” real estate markets across the country. The data is based on five key metrics including Job growth, high affordability low, vacancy …

US home prices exceed pre-recession values with healthy sales but what about Florida?

Norton Hammersley Real Estate Law 0 Comments

U.S. home prices have fully recovered from their steep plunge during the housing bust and Great Recession, according to a new study. The national home price index, released Tuesday, is slightly above the peak it set in July 2006, after rising 5.5 percent in September from a year earlier. The milestone comes after more than four years of steady gains. …

Luxury Sales still going strong in Sarasota

Norton Hammersley Real Estate Law 0 Comments

While home sales in the Sarasota, Bradenton and surrounding areas have cooled in recent months, the luxury market has remained strong. Home sales declined by 8 percent earlier this year and sales of single-family homes and condominiums failed to keep pace with the prior year. However, in the Sarasota luxury housing market — properties priced over $1 million — single-family …

Flood Insurance costs to increase by up to 20%

Norton Hammersley Firm News, Real Estate Law 0 Comments

Back in May 2014 Sarasota Law Firm Norton Hammersley, Lopez & Skokos brought you the latest news on Flood Insurance Regulation and Premiums with the Homeowner Flood Insurance Affordability Act of 2013.  You can read the full article here. More Flood Insurance news for the residents of Sarasota is that Floridians will be anticipating up to a 20 percent increase …

2015 looks like the hottest home sales year in a century – will it continue?

Norton Hammersley Real Estate Law 0 Comments

2015 is likely to see the hottest home sales year in a century and real estate agents in Manatee and Sarasota counties are already looking forward to a healthy 2016. Having watched sales drop slowly since July, market professionals are cautiously optimistic that homeowners who have been waiting to bring their properties to market will start doing so soon to capitalize on the annual …

Norton Hammersley awarded certification on all 7 pillars of ALTA’s Best Practices.

Norton Hammersley Real Estate Law

Norton Hammersley is proud to announce that we have been awarded certification on all 7 pillars of ALTA’s Best Practices. The American Land Title Association – ALTA – was founded in 1907 to protect home buyers and mortgage lenders who invest in real estate by searching, reviewing and insuring land titles. ALTA insists on high standards when searching land title …

Sarasota international residential sales still going strong

Norton Hammersley Real Estate Law

Sarasota remains one of the most popular state for international buyers of U.S. residential real estate. The international market for the sale of existing residential homes to non-resident foreigners remains an important part of the total Florida real estate market and although the role of foreign buyers has declined compared to the years in the wake of the recession, foreign …

1031 Exchange Quick Reference Guide

Darren Inverso Estate Planning, Real Estate Law

At this time of the year many investors and real property owners are looking to capitalize on increased value and retained equity by liquidating property and purchasing new investments.  When contemplating your next investment be sure to remember one of the last few vehicles to defer taxes and maximize spending power through a 1031 exchange. Below is a brief outline …

Real Estate Boom in Sarasota Continues

Norton Hammersley Real Estate Law

SUPPLY AND DEMAND! Demand is certainly exceeding supply this summer in Sarasota, Bradenton and Lakewood Ranch! Buyers keen to be in their new home before school starts will find very tough competition when negotiating. If you’re thinking of selling now is certainly the time.  Homes are selling at the fastest rate since 2006 and we are seeing multiple offers coming in very …

Exciting new commercial and residential developments in Sarasota

Norton Hammersley Business & Corporate Law, Real Estate Law

In previous blogs we reported on the exciting new commercial and residential developments that show the economy is strengthening and the Sarasota Bradenton area is thriving. Most people welcome the development and the business and commerce it brings along with it, however there is always that voice that worries about what impact it will have on the area we all …