Home Buying in 34202>Question Details

John A, Home Buyer in Staten Island, NY

is it a good time to buy in lakewood ranch florida,if so what are the better sections?

Asked by John A, Staten Island, NY Sun May 3, 2009

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15
Now, now, now is the best time to buy in Lakewood Ranch! Sales are escalating as are prices.
And there is a great deal of new development wherein one can get a new home in high $200K range and up!
I have listed and sold many properties in LKWR to some very happy clients.
You can reach me directly at 941-376-1010 Cell
RE/Max Tropical Sands
941-349-3460 O
941-346-0913 H/O
mccours@mac.com
0 votes Thank Flag Link Sun Jan 12, 2014
@Fmr Lwr Developer. In order to refinance into ARM you will need to bring the loan to current market value. For 99.9% of homeowners out there it means paying another 20-30% of loan principle down, with CA$H. Even those with money are currently debating whether to just walk away, they are not going to sink another $100K into an underwater loan, to "save" $500 per month. Most of them are not paying and just squatting! Just Google local news, there are documented cases of people squatting for 3,4, 5 years. Heck, I myself know friends in LWR who have not paid for 2-3 years, and will likely remain in the properties for another 5 years or longer. Banks can't foreclose because A)they can't as MERS messed up title chain and B)they would rather not recognize the loan losses and keep kicking the can down the road. FASB rules now allow banks do this. All defaulted loans are carried at 100% of "fantasy" values!
As to your fantasies about people buying in Florida, the boom days are over. You are applying 2005 baseline projections to future sales, which means you know diddly squat about the economic drivers. Sales went through the roof because it was a GREAT FLIP, not because people would want to live in LWR. There are almost no jobs here which could sustain $100/sq tf prices. The rich retirees buy country club and waterfront properties - those might remain popular. As to the 2,000 sq ft boxes on 0.02 sq acre "parcel" where you can hear your neighbor fart, no thank you. Please note I am not in real state, just another finance guy with deep pockets.
0 votes Thank Flag Link Thu Aug 18, 2011
ARM's are typically 3 or 5 year. They have done what they are going to do. That is reduce your rate. Mine went from a 6.5% to a 3% loan.... because as you hear so often on the news... Bernanke and company have all put rates at near zero. LIBOR historically doesn't move more than 2% in the worst years. ...and when it does it means good things for people (like who live in LWR). Accounting for tax adjustments and insurance both in my favor, my LWR payment is $500 less than it was when I bought it. Those risky balloons Anthony is speaking of have already exploded. (mostly to the favor of those who remain in the Ranch). Take everyone's advice with a grain of salt, (including mine), but think it through: New construction inventory is extremely low, demand is waiting on good news or the cost of money to go up. LWR was taking in nearly 2%of all Florida sales at the peak. Since the bust over 1.5 million people planning to buy in Florida have put plans on hold. Even at 1% that is 10 buyers for every available home in fore sale inventory new + existing. Can you say price escalation?

Anthony speaks to the monetary policy of currency devaluation but doesn't conclude what is true: either we don't get jobs back and a dark age sets in destroying all property rights, or (as we might as well operate on) the current 3.6% inflation (which is more than at the peak of the market) will track similar to the 70's where homes increased 10 times their value. (remember how surreal it was? 10k in 1974 went for over 100k in 1984 in every market) Construction materials involving oil (pvc, cpvc, insluation, finish products ((70% of a home)) are already twice what they were. LWR is the type of community that will lead that charge. Anthony can continue to buy Palmetto homes for cash, but he will stay behind the curve that happens for those who live in the best neighborhoods. That is just the facts folks.
0 votes Thank Flag Link Wed Aug 17, 2011
And by the way, it's another -10% year over year decline. More than half of area is ARM finances. Just wait until rates start coming up and the FED is in the corner. The bleeding will be epic. I will be buying homes CASH. My projection sometime 20120-2013. But if you like some free koolaid from the realtors below, be my guest.
0 votes Thank Flag Link Thu Nov 11, 2010
Hey, all of the "the best time to buy is now" realtard shills, sing with me:

Humpty Dumpty sat on a wall,
Humpty Dumpty had a great fall.
All the king’s horses and all the king’s men
Couldn’t put Humpty together again
0 votes Thank Flag Link Thu Nov 11, 2010
You're asking a bunch of sales people if it is a good time to buy, eh? And what answer did you expect to recieve, then?

All kidding aside, it is a great time to buy in LWR. checkout http://www.lakewoodranchpropertyvalues.com and see for yourself.

Cheers,
0 votes Thank Flag Link Tue Sep 1, 2009
No time like the present to get some great values in Lakewood Ranch.

Let me know what you are looking for in a home such as amenities, size, location, etc and I will customize a portfolio just for you.

Whether it be a single family home more modest in size, or one that is over the top...the prices are about half of what they were a few years ago...

To me, I love showing and selling all the homes in LWR, but you should look at the Neal new products in Lismore, Thornhill and a few other sections...For $300,000 to $400,000 you can get a brand new house, with a pool and upgrades and live very comfortably! A similar resale is running almost twice that!

If you want a new Neal Home without living in LWR, there are many other communities to show you as well.

Love to help you out at your convenience...

Robin DiSabatino
Michael Saunders & Company
cell-941-685-5368
email: RobinDiSabatino@michaelsaunders.com
http://www.FineHomesOfSarasota.com
0 votes Thank Flag Link Tue Jul 14, 2009
John
prices in Lakewood are at almost 50% less then they were about 4 yrs. ago. so it is a great time to buy still alot on the market. As far as the area of Lakewood to buy depends on how much you want to spend. you can be in lakewood ranch from about 150,000 to 5 million dollars.
your stly of home will depend on the area you will want to be in. you will not find a 150,000 townehome in the gated communtiy of 5 million but no one can tell you which section is better because owners in both these area will tell you there area is better.
you need to find the area that suites you. if you are looking for a home not a ivlla then you are looking at around 400,000 on up just so you know. there is alot for sale in Lakewood Ranch some peopel prefer the soutyh side of it others the north side of it.
hope this helps
David Leventhal
The Leventhal Team
0 votes Thank Flag Link Sat Jul 11, 2009
Thanks for your inquiry John!

I was one of the first 50 home owners in the now massive master planned community we call Lakewood Ranch! My partner and I have sold over 600 homes in the East Manatee County area, so it is safe to say we know the Lakewood Ranch area.

As far as whether is is a good time to buy - The answer to that depends on your wants and needs. There are incredible values to take advantage of in Lakewood Ranch right now. Pending sales are on the rise, and inventory is slightly down. Although most of the nation is seeing depreciated home values, Lakewood Ranch has not been hit AS HARD as other areas of Manatee County. If you have the patience to purchase a pre-foreclosure property (there are several to choose from) you could get a home for a solid price. Non-preclosure properties are priced well too.

The better sections? Lakewood Ranch really has something for everyone. Condominiums, Golf Course Communities, Family Communities, Exclusive Gated Communites and so forth. We have sold several in Summerfield and Greenbrook, they are popular and affordable areas.

I hope I answered your question John. If you would like more information on the Lakewood Ranch area, please contact me ANY time.

Howard Serena
The Burish and Serena Team
941-928-5224
0 votes Thank Flag Link Mon Jun 29, 2009
Hi John: We live in Lakewood Ranch and it doesn't get much better. It's a great family area supporting grade A public schools and as well as private schools. This helps to stabilize the community. Local Shopping, commercial office space, restaurants and many business headquarters are located here. A public Arnold Palmer design Legacy golf course meanders thru the Ranch and the private Lakewood Ranch Country Club boasts of three championship 18 hole courses. Prices have dropped but the popularity of the Ranch brings more and more stability. Many good values are abundant. Pendings keep rising as inventory has decreased. You may review the Area on http://www.JimSoda.com Email or call us for information on Lakewood Ranch. We are 55 miles to Tampa International airport and 10 minutes from Sarasota-Bradenton airport. 20 minutes to the world famous Siesta Key Beach. Come and visit, you won't be sorry. Jim@jimsoda.com
Jim Soda 941-809-7759
Web site: http://www.JimSoda.com
Your Real Estate Resource for the Greater Sarasota-Lakewood Ranch and Bradenton Areas.
Jim@JimSoda.com
Prudential Palms Realty - Fine Homes International
Immobel International Property Realtors
Web Reference: http://www.jimsoda.com
0 votes Thank Flag Link Fri Jun 26, 2009
It is indeed, a great time to consider purchasing property in Lakewood Ranch. It is a stable and very desirable community that has not experienced a drastic reduction in home pricing. There are no undesirable locations, only those with features that appeal or don't appeal to potrntial buyers.

We would be happy to share more specific information about Lakewood Ranch with you if desired.

Good luck
The Eckler Team
Michael Saunders & Company
billeckler@michaelsaunders.com
941-408-5363
0 votes Thank Flag Link Sat Jun 20, 2009
My wife and I just purchased a home in Bradenton. We have been closely following the market since October, 2008 (including three trips to the area from Texas). During the past two months we have seen a noticeable decline in non-short sale homes and prices seem to have stabilized. Friends of ours who live in sarasota and are tuned into the real estate market have seen the same trends. While no one knows for sure where prices will be a few months from now, there are some positive indications that the bottom of the market has been reached. We feel quite comfortable with our decision to buy now.
0 votes Thank Flag Link Sat Jun 20, 2009
Realtor shills are going to tell you it's always good time to buy. Look up other threads on this exact subject, according to them, 2 years ago was the best time to buy as well. Actually, any time is good time to buy, as long as they can pocket commission. Prices are still falling here at roughly 19% a year. The Lakewood Ranch area is around 75% ARM financed. You may have noticed the rates are endging up a bit. With Fed, monetizing debt at alarming rate, a year from now the rates will be higher, and most ARM loans will default. There will be nice $800K homes to be had for $200-300K. Patience is golden.
0 votes Thank Flag Link Wed Jun 10, 2009
John,
Trade the Verizano bridge for the St. Pete skyway bridge! I moved from NY 3 years ago to River Club, right next to Lakewood Ranch! I love it! I also like Greenbrook and Summerfield. You can call me anytime! 941-465-9207
Tanya Waxler
http://www.uKeepCommission.com

We still love New York, but only in July!!
0 votes Thank Flag Link Sun May 3, 2009
It is a very good time to buy since prices are down and rates are low. We are seeing indications that our market has already begun to turn around so it is doubtful that waiting will gain you much. Even if prices continue to drop a bit further, the selection later on may be more limited. All of Lakewood Ranch represents good value so it may be better to identify what you are looking for and then take a look at the available properties that match in each neighborhood. You are welcome to visit my website for market information, LWR info, a free MLS search, and more. Or just contact me, let me know what you are looking for, and I can email you information on homes that match your criteria.
Web Reference: http://www.BobBronston.com
0 votes Thank Flag Link Sun May 3, 2009
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