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Meg Mahoney's Blog

By Meg Mahoney | Agent in Sarasota County, FL
  • 10 Reasons to Buy a Home

    Posted Under: Market Conditions, Home Buying, Property Q&A  |  October 7, 2010 3:36 AM  |  1,169 views  |  No comments
  • You Could Be Living In Sarasota!

    Posted Under: General Area in Sarasota  |  September 8, 2009 8:39 PM  |  1,393 views  |  No comments
  • The Fed's 5 Tips for Shopping for a Mortgage

    Posted Under: Financing in Sarasota  |  August 6, 2009 9:13 PM  |  1,376 views  |  No comments
    http://www.federalreserve.gov/pubs/mortgagetips/mortgagetips.pdf
    On July 29, 2009, the Federal Reserve Board issued a new publication, "5 Tips for Shopping for a Mortgage," to help consumers find the mortgage that is best for them. The 5 tips, including advice and helpful links, are:

    1. Know what you can afford.
    2. Shop around—compare loans from lenders and brokers.
    3. Understand loan prices and fees.
    4. Know the risks and benefits of loan options.
    5. Get advice from trusted sources.

  • America's 10 Best Undervalued Places to Live

    Posted Under: Home Buying in Sarasota  |  August 6, 2009 11:46 AM  |  945 views  |  4 comments
    http://www.usnews.com/articles/business/real-estate/2009/07/16/americas-10-best-undervalued-places-to-live.html?PageNr=2

    While the national housing bust has devastated property values, it has also created some outstanding bargain opportunities for would-be home buyers—if you know where to look. Sarasota is a relatively upscale community along the state's west coast. "Sarasota has got a lot of culture to it—a lot of art, a lot of art festivals," McCabe says. "It's a nice boating community, and they have got a lot of beautiful homes there." And after home prices plunged 44 percent from the first quarter of 2006 to the first quarter of 2009, the market presents would-be buyers with some attractive opportunities. IHS Global Insight considers the median home price in Sarasota $141,000—to be 28 percent undervalued.
  • Home Sale Statistics for Sarasota, FL June 2009

    Posted Under: Market Conditions in Sarasota  |  August 6, 2009 11:19 AM  |  1,368 views  |  No comments

    Home sales in the Sarasota real estate market rose above the 600 level for only the second time in 26 months in June 2009, while the median sale price rose for both single family and condos, once again demonstrating a market in the initial stages of recovery.

    http://www.sarasotarealtors.com/files/monthlystatistics/SRMagJuneStats090722115657.pdf

  • Buyers Shouldn't Wait on Falling Prices

    Posted Under: Home Buying in Sarasota  |  August 6, 2009 11:14 AM  |  1,371 views  |  No comments
    NEW YORK – Aug. 5, 2009 – Fear of overpaying for property is common these days, especially in places where prices continue to be unstable. If you encounter potential buyers afraid to commit based on a fear that they’ll pay too much, point out these factors:

    • Waiting for the right time can be expensive. Some buyers would have more equity today, despite falling prices, if they had bought when they first considered it instead of continuing to pay rent.
    • Financing is fickle. Some people who were highly qualified last year can’t find financing this year because the credit market has tightened or their personal financial situation now makes them an undesirable borrower.
    • Interest rates are headed up. If prices decline by another 10 percent but interest rates increase by 1 percentage point, the monthly payment will be the same.

    Source: The Wall Street Journal, Douglas Heddings (07/27/2009)
  • I love living and working in Sarasota, FL!

    Posted Under: General Area in Sarasota  |  June 7, 2009 1:53 PM  |  1,574 views  |  No comments

    I love living and working in Sarasota, FL! IThe greater Sarasota area is one of America's most desirable places to live, work and raise a family. The clean air, sparkling white sand beaches and sunny climate have made it world famous as a center for the good life. In fact, Forbes has named Sarasota one of the best places for business and careers, and Money magazine recognized it as the nation's best small city, one of the best places to retire, and one of the cities with the best health care systems.

    Additionally, Sarasota's vibrant recreational and cultural scene offers activities for every taste and budget. It is a diverse area with big city amenities and small town ease of living. Business owners and employees enjoy not only the good life but a thriving business climate. Our top-rated schools and motivated workforce also contribute to why Sarasota is home to some of the most successful and productive companies in the country.

    Want more information? Email me at
    meg@megmahoney.com 

 
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