Manatee County Real Estate news.

Taxpayers who buy a new car or several other types of motor vehicles this year may be entitled to a special tax deduction when they file their 2009 federal tax returns next year. The tax break is part of the American Recovery and Reinvestment Act of 2009.  Thanks to our local news station for hel...

This entry discovered a great site that Bank of America uses to evaluate home value. If you ever wondered what Bank of America thinks your home is worth, you can just type in the address and there you go! http://www.bankofamerica.com/modular/index.cfm?template=hc_home_worth_modular&app=OMA&state...

 Finally! Home owners, Realtors, Lenders, and home buyers are all going to benefit from these new guidlines.  The faster and easier the process becomes the closer offers will come to being fair market value.  This will lead to reduced inventories, and market stabilization.  The Treasury departmen...

This is something to be aware of for people under contract, with a change in conforming loan guidelines Please beware!  On December 12,  Fannie Mae is toughening its underwriting criteria.  The borrower must have a 620 and an DTI of less than 45%.  It will approve a DTI of up to 50% if there are...

Just Listed!  Short sale! This one is exceptional.  Location is superb.  you can be downtown in minutes. The beaches are super close too. 2 bedrooms, 2 full baths, and a one car garage. The home has been updated with a new roof, and updated master bathroom.  Newer bamboo floors, and tasteful tile...

Just listed this rare newer home built in 2007.  Has a great big lot, and NO DEED RESTRICTIONS!  Easy drive to SR 70, and Sarasota or Bradenton.  The home features upgrades uncommon for a home in the area.  Granite Counter tops, wood cabinets, tile floor in the main living areas, and plenty of d...

It was front page news that the number of foreclosures filings here in Manatee County has had 5687 foreclosure filings to date this year, which is an increase from last year.  This is a lot of homes and as an active agent it made me wonder where are all the bank owned inventory? There are 4696 to...

I have been working with a buyer this week, and after seeing all the resale inventory including short sales, and foreclosures they decided on a new build.  What is amazing to me is that the deal they got with the local builder is BETTER than any of the comparable resales in that area. A resale ho...

I know that this is a little unrelated, but when I saw this one I thought, what am I doing wrong? Maybe their approach would be a better, fresher, way to sell general real estate too!

This is an interesting solution that will potentially make lenders into landlords for the current homeowner.  This would seem to potentially solve the problem many underwater homeowners have to at least stay in their home that they love, and a price that is reasonable. Why wouldn't they just lowe...