Surge in Sarasota home values sees home equity increase by $1.1 billion in Q2

Norton Hammersley Real Estate Law

Home equity of mortgaged property in Sarasota increased by by $1.13 billion in the second quarter of 2021 thanks to the recent surge in house prices in 2021. A report released by a real estate analytics company stated that the average increase in value of mortgaged residential real estate was $60,600 per home, above the national average of $51,500, according …

Derrick Maginness co-hosts board certification course at the Sarasota Yacht Club

Norton Hammersley Firm News, Real Estate Law

Associa Gulf Coast and Derrick Maginness co-hosted a board cert course at the Sarasota Yacht Club in July. Associa Gulf is the industry leader in property management for community associations and proudly serve nearly five million homeowners every day. With a wide array of programs and services ready to fit the specific needs of any HOA. The HOA/Condo Board Certification …

What you need to know about aging buildings and foundations

Norton Hammersley Real Estate Law

The recent tragedy in Surfside has left Associations concerned about structural integrity of their buildings in Florida. On July 1st Joseph M. Herbert from our Trial Practice and Dispute Resolution Group was a panelist for the Community Association Network Group to discuss what assocations need to know about aging buildings and foundations in Florida. Surfside condo collapse could lead to …

Don’t make these common mistakes that real estate investors often make

Norton Hammersley Real Estate Law

Investing in real estate is an ever increasing popular way to make money. Owning property is often less risky than owning stocks, and there are also tax benefits and additional advantages. That being said, real estate investing is not risk free and understanding some of the common mistakes that investors make may help others make more of a profit quicker. …

Derrick Maginness discusses Renters Rights at the Sarasota Community Association Network

Norton Hammersley Firm News, Real Estate Law

Every community deals with renters who break the association’s rules and regulations. While the association’s governing documents may allow it to take certain actions against those tenants, the Florida Statutes provide for remedies as well. Derrick Maginness joined the Sarasota Community Association Network for a discussion on Renters Rights, Applications and Background Checks at the event at the Sarasota Yacht …

How to Officially Become a Florida Resident

Norton Hammersley Estate Planning, Real Estate Law

With no state income or inheritance/estate tax, Florida is becoming a preferred destination for more than 330,000 individuals annually.If you are thinking about or have just made the move follow these steps to confirm and establish your legal domicile in Florida. We are often asked how to become a Florida resident, or how to maintain that residency. This decision can …

Lakewood Ranch record sales again in August

Norton Hammersley Real Estate Law

Although COVID-19 seems to be not going anywhere soon many buyers have noted that COVID-19 has accelerated life plans to set their roots in an environment that affords a more active and connected lifestyle. Lakewood Ranch’s vast green space, amenities, and vast array of modern floorplans has become very attractive to those seeking to escape urban centers. The luxury market …

Low Inventory Generates Sarasota’s Strongest Seller’s Market in 15 years

Norton Hammersley Real Estate Law

Homes and Luxury Homes in Sarasota are selling big right now — something one might not expect in times of social distancing and widespread unemployment. But the COVID-19 pandemic has had a surprising effect: lowering interest rates. It has created low inventory in the housing market. And it has eliminated the “just looking” crowd. How low will interest rates go? …

Is it the right time to buy during the pandemic?

Norton Hammersley Real Estate Law

To say COVID-19 has impacted the market is an understatement but the big question may be Is buying a home in the wake of the COVID-19 pandemic a good idea? It depends! Due to historically low interest rates buying a home might be a wise choice and the right thing to do even now. If you have the desire to …

Peter Skokos named to The Gulf Coast CEO Forum board of directors.

Norton Hammersley Firm News, Real Estate Law

The Gulf Coast CEO Forum has named attorney Peter Skokos to its 2020 board of directors. Peter will be representings developers and landowners in connection with the acquisition, development, leasing and sale of commercial, industrial, condominium and residential properties. He will also represent national, regional and local lenders in preparing loan documentation and closing commercial and residential loan transactions, as …