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Sarasota Real Estate Blog

Now that the New Year has arrived, we're all looking for ways to make improvements in our lives, from getting fit to reexamining our finances to remodeling that horrid 1970s-style bathroom. If you're planning to make any improvements to your home this year, here are some things you need to know about home upgrades and their tax implications.*  

Repair vs. Improvement: What's the Difference?

In order to take advantage of tax breaks associated with home renovations, it's important to know the difference between a repair and an improvement. The IRS defines a repair as anything that's necessary to keep your home in good condition but doesn't necessarily add to its value. An improvement is anything that prolongs the useful life of your home and has

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LendingTree, an online loan marketplace, released the findings of its study on where residents in each state want to move. In the latest study, LendingTree says it discovered a southern tilt in preferences for those people looking outside their own state.

Florida was the No. 1 new destination for 18 of the 50 states. Of all purchase mortgage requests during the study's time period, 9.14% were for consumers looking to move to Florida. The Sunshine State has a history of bringing in visitors and new residents, particularly retirees.

The results reveal the most popular new destination for each state along with the percentage of out-of-state requests for that location. 


TOP US Destinations for New Residents

States that love Florida
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When it is time to buy a property, are contingency clauses necessary? Some contingencies may create additional expenses for buyers but may be useful tools for closing on a home and potentially having a seller make needed repairs. First-time home buyers can help themselves by learning about common home buying contingencies and why it is important to work within specified timelines.

What Is a Contingency Clause?

A contingency clause is an action or condition that needs to be met for the contract itself to become binding. When the contract is signed, both the seller and buyer agrees to the terms outlined in the contract. Contingencies may include specific terms or a stated timeframe. Home contingencies in home purchase contracts can be helpful for

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 Sarasota received an appreciative review Saturday in the Wall Street Journal written by a respected food and travel writer.

The business newspaper, which also has a lot of content on how the successful can spend their money, ran the article under the headline “A Florida Beach Vacation with Snob Appeal.” It was still in the second-most-prominent spot on the publication’s travel web page Wednesday, just below a story on “Why Flying Has Never Been Safer” and above one on “The Rice of Royals: Where to Find the Tastiest Biryani in India.”

It was written by Alexander Lobrano, a Paris-based longtime food and travel writer, a contributing editor at Saveur Magazine and author of “Hungry for Paris: The Ultimate Guide to the City’s 110 Best Restaurants,”

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2017 Market Closes with More Sales and Rising Prices in December

SARASOTA, Fla. (January 24, 2017) – A strong market continues in the Sarasota and Manatee area, as indicated by December 2017 statistics. Compared to December 2016, combined numbers show an increase in closed sales, median sales price and pending sales. 

Overall, closed sales in December showed an increase from December of 2016. Closed sales for single family homes in Manatee County increased by 4.1 percent to 511, Sarasota County increased by 3.6 percent to 639. Sarasota condo sales increased by 9.7 percent to 327, Manatee condo sales increased by 0.5 percent to 221.
“Compared to other months throughout the year, December will typically show more closed sales and less pending

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 TALLAHASSEE — In 2016, out-of-state visitor spending in Florida reached a record $112 billion, an increase of 2.7 percent over the previous year, the state’s tourism promotion arm, Visit Florida, said Wednesday.

Visitors contributed $88 billion, or roughly 10 percent, of Florida’s total gross domestic product, up 4.2 percent over 2015, and they generated $11.6 billion in state and local taxes, up 3.3 percent.


Visitor spending directly supported 875,722 jobs in 2016 that earned Florida jobholders $27.9 billion in corresponding wages. The number of jobs supported by out-of-state visitor spending for Florida workers has grown by more than 140,000 since 2011 — growth of nearly 20 percent.

The figures are the latest available and are based on a

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ORLANDO, Fla. – Jan. 17, 2018 – What does the typical Fla. buyer or seller look like? Only 1 in 5 (22 percent) of buyers are first-timers compared to 34 percent in U.S., and they're typically 45 years old.

On the other hand, the average seller is 60 years old, makes about $96,500 annually and owns a home that they think is too small.

The insights stem from the 2017 Profile of Home Buyers and Sellers Florida Report issued by Florida Realtors®with data compiled by the National Association of Realtors® (NAR) research department. The report can also be downloaded via the "Residential" drop-down menu on Florida Realtors' research page.


Report Highlights

Florida homebuyer characteristics

  • In Florida, 22 percent of all buyers were

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Repair, Rehabilitation, Strengthening


 Dolphin Tower Emergency Structural Repairs and Rehab

 Location: Sarasota, FL 

Submitted by: Concrete Protection & Restoration, Inc.

Owner: Dolphin Towers Condo Association

Engineer: Morabito Consultants Contractor: 

PT Supplier: PTE Systems International, LLC

Other Contributors: Karins Engineering Group, CEMEX



Project Overview:

The building is a 15-story condominium with the first three levels devoted to parking. The fourth floor is designed to be a 24 in. thick column transfer slab, distributing the 12-story column loads above to the non-aligning columns below.

On June 24, 2010, the resident manager who lived on the fourth floor observed the

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Jan. 2, 2018 – One of the most popular contracts Florida Realtors has available for members is the Florida Realtors/Florida Bar "AS IS" Residential Contract for Sale and Purchase ("FR/Bar AS IS"). As the name implies, the seller listed the property "as is," which means the seller has no obligation to make repairs.

However, many Florida Realtors Legal Hotline calls involve a buyer requesting repairs from a seller after the inspection results come in during the inspection period. While nothing prevents parties from renegotiating the terms of an existing contract, it's important to understand the nuances and risks in doing so in order to facilitate a smooth transaction.

It's imperative to recognize this: There is no obligation on the seller's part to

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Given the amount of time homeowners spend inside their homes, it’s no surprise that most remodeling dollars end up indoors. But neglecting your home’s exterior can leave it looking tired and rundown. Here are four projects that will boost your home’s curb appeal and ensure that the outside of your home looks as good as the inside.


1. Liven Up Your Landscaping

If you’re ready to spruce up your landscaping, you’ll want to do so when the temperatures are relatively cool. While you’re planning your project, be sure to take a look at the grade surrounding your home. Over time, it can become compacted and slope toward your house. Poor grading causes water to flow toward your home, putting your foundation at risk.


2.Touch It

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