Reaching ultimate success requires a combination of hard work and the right resources to excel. EXIT King Realty is taking real estate in Venice Florida to new heights helping their Agents’ to go above and beyond! EXIT King Realty has become the fastest growing Venice Real Estate Brokerage in the area and just recently expanded their team opening an additional office in Sarasota Florida.
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Venice Florida Homes for Sale:
A recent article in the Florida Association of Realtors discussed the differences of what people think may be happening in the real estate market and what is actually occurring. The two do not coincide. This is often the case from personal experience. I talk with potential retires, investors and second home buyers on a daily basis. I often get the impression that many people feel in Florida, sellers are giving homes away for FREE. I often find myself educating people about the reality of the market and although housing prices are often less expensive than the cost to build them, banks and sellers are not giving them away. In fact, for 2010 and 2011 the average sale price to list price ratio for bank owned properties in Sarasota County was 98%. In Venice Florida, it was 97% in 2010 and 98% in 2011. I often see bidding wars and the bank owned properties selling for more than list price. Overall for Sarasota County, the average selling price is 93% of list price. That is a far cry from the misconception of getting a home for next to nothing. Home prices have been deeply discounted from the height of the real estate bubble, often times going back a decade or more in price.
At the recent Florida Realtors’ 2012 Real Estate and Economic Forecast Conference, Chief Economist Dr. John Tuccillo stressed the slow but albeit steady upward trends in Florida. With property values at attractive levels, many investors and second time home buyers have snatched up inventory at an unbelievable rate. What was once a glut of homes in the Sarasota, Osprey, Nokomis, Port Charlotte, North Port and Venice Florida real estate market, inventory and prices have stabilized. International demand has risen over the last year, adding to the positive trends in Florida real estate.
According to Dr. Lawrence Yun, National Association of Realtors chief economist, there will be a 10% price increase in South Florida as bargain hunters and international buyers continue to increase sales. According to Exit Realty Florida, 25% of home sales in Florida are from foreign buyers. Easing credit restrictions could boost sales 15-20% higher.
Florida is back!
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The Department of Professional Regulation released an ad campaign that encouraged consumers to check for professional licensure before hiring anyone to work for them, including contractors and real estate agents.
In 2010, the department received 969 complaints about unlicensed real estate or unlicensed appraisal activity. There were also 1700 complaints about unlicensed construction, electrical and contractor activity.
If you hear of unlicensed activity, please contact 866-532-1400. You may also check for professional licensure at www.myfloridalicense.com.
To request more information on Venice Florida Real Estate
