Sarasota Luxury Sales Booming

Norton Hammersley Real Estate Law

The ultra-luxury home sale market is booming, according to a report from Sarasota Real Estate Broker Michael Saunders & Company president Drayton Saunders. But just how hot is it? A basement price point of $5 million defines the ultra-luxury market. Mere luxury starts at $3 million, though some quarters drop that figure to a pedestrian $1 million. During the first …

Buying a home in Sarasota is cheaper than renting, study finds

Norton Hammersley Real Estate Law

Buying a home in Sarasota is cheaper than any other city in America according to a report from online rental marketplace Apartment List. — that is, if the only alternative is renting. The decision to buy a home or rent is a hotly debated topic—both a personal and a financial decision. On the financial side, however, buying in Sarasota is …

Selective Enforcement Jeopardizes Associations’ Ability to Apply the Rules

Norton Hammersley Firm News, Real Estate Law

Choosing to live in a neighborhood governed by a condominium or homeowners association means residents live within “the rules”, which can govern everything from pets and plantings to paint colors and porch enclosures. Whether you love the rules or hate them, legal issues can arise for both residents and boards of directors when those rules are ignored or enforced inconsistently. …

Why you should choose an attorney to close your Real Estate transactions

Norton Hammersley Real Estate Law

Buying or selling a home is one of life’s most significant transactions for many, and being presented with stacks of paperwork and columns of numbers when it is time to close the deal can be daunting. Many people are not aware that–for virtually the same cost as a title agency–an attorney capable of providing legal advice about what serves their …

Real Estate Disclosures: Avoid the money pit

Norton Hammersley Real Estate Law

A flourishing real estate market not only produces a bumper crop of “for sale” signs, but also sparks a corresponding increase in disputes between buyers and sellers over property defects. While caveat emptor–let the buyer beware–no longer is the norm under Florida law, both buyers and sellers have obligations that must be met to avoid a dispute. A landmark decision …

Norton Hammersley welcomes Ally Glauser

Norton Hammersley Firm News, Real Estate Law

Norton Hammersley is proud to announce and welcomes Alexandra “Ally” Glauser as our latest addition to the firm and a member of our real-estate practice group. She handles matters concerning real estate as well as business law and corporate transactions. As a native of Sarasota, Mrs. Glauser is a graduate of Pine View School and is actively growing her involvement in the …

Luxury Sales still going strong in Sarasota

Norton Hammersley Real Estate Law

While home sales in the Sarasota, Bradenton and surrounding areas have cooled in recent months, the luxury market has remained strong. Home sales declined by 8 percent earlier this year and sales of single-family homes and condominiums failed to keep pace with the prior year.. However, in the Sarasota luxury housing market — properties priced over $1 million — single-family …

Lakewood Ranch community expands to Sarasota County

Norton Hammersley Real Estate Law

The Lakewood Ranch community continues to expand and this time into Sarasota County.  Waterside will be Lakewood Ranch’s first village in Sarasota County, and will have a Sarasota address. With the introduction of its newest village, Waterside will have an eventual 5,144 homes set on 5,490 acres—nearly 4,100 acres of it made up of seven large lakes with more than …

Sarasota considered a ‘Hot’ Real Estate Market for 2017

Norton Hammersley Real Estate Law

House hunters in Sarasota County will find the real estate market is in prime position for major growth in the coming year. That’s according to the real estate website Trulia, which just released its top 10 list of “hot” real estate markets across the country. The data is based on five key metrics including Job growth, high affordability low, vacancy …

US home prices exceed pre-recession values with healthy sales but what about Florida?

Norton Hammersley Real Estate Law

U.S. home prices have fully recovered from their steep plunge during the housing bust and Great Recession, according to a new study. The national home price index, released Tuesday, is slightly above the peak it set in July 2006, after rising 5.5 percent in September from a year earlier. The milestone comes after more than four years of steady gains. …