Sarasota housing market is still on fire with rents also soaring

Norton Hammersley Real Estate Law

Although we are well into the new year, real estate experts say they have no reason to believe the 2022 will look anything different than 2021. That is to say, the connection of short supply, high demand and rising median prices region wide shows no signs of slowing down. In January 2022, Sarasota home prices were up 23.6% compared to …

Anticipated law changes could put Sarasota Condo owners in crisis due to insurance increases

Norton Hammersley Real Estate Law

After the shocking news of the Champlain Towers South condo collapse that killed 98 people in Surfside near Miami in June, the lack of Florida state regulations regarding inspections of condo towers became very clear. Only two counties in all of Florida (Broward and Miami Dade) requirde the recertification of buildings, however that process only comes into play once a …

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 …

Emergency Powers for Board Members presentation at Michael’s on East for C.A.N. Sarasota

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Derrick Maginness alongside Jason Hamilton of Pinnacle Association Management co-hosted a presentation on Emergency Powers for board members at Michael’s on East to wrap up August. Pinnacle Community Association Management is a locally owned provider of comprehensive Community Association Management Services that are focused on small to medium sized Homeowners and Condominium Associations. Emergency Powers granted by Florida legislature to …

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 …