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Home Buying in Venice : Real Estate Advice

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  • Home Buying132
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Activity 84
Fri Nov 7, 2008
Julie (Toon Pawley) Timms answered:
Naples and Venice are both very nice but take a good look at the insurance situation there. I do know a great Realtor there if you'd like her name.

Best of luck to you.
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Thu Aug 28, 2008
Drew Russell answered:
The rule of thumb that I always used was about 1.35% of the assessed value in Sarasota county. That rule used to work pretty well until the market changed and now I would estimate less. The tax system in Sarasota county certainly has its inequities however, so I could better help you if I knew what particular neighborhoods you are considering. In my professional experience, I have found that newer properties tend to have a higher tax bill than older properties. Your taxes would also be affected if you choose to homestead the property.

Flood insurance only covers flood- and is only required if you are buying in an area desginated by FEMA as zone V or zone A. You can buy optional preferred risk coverage for less that $300 per year depending on your price point of purchase.

Newer construction is much cheaper to insure- I have had quotes in Venice for abour $600 for new construction. Older homes can be up to 3x as much for the same coverage. You would have to check with your insurance agent, but homeowners should cover all other major perils.
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Thu Aug 28, 2008
Kim Montgomery answered:
Hi. According to tax records, there have only been 2 real estate transfers this year in Wexford, but those were merely a transfer of owners names as both sold for $100. If you like more information on the active listings in Wexford or other areas, please let me know. ... more
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Sat Dec 11, 2010
none answered:
Yes there is a location in North Port called Harbor Isle. North Port is in Sarasota County for you info. What are you interested in? Contact me anytime at 941-447-5929 Brent Kuehl Century 21 Advantage and visit my personal website www.AdvantageCentury21.com ... more
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