Sun Rock » Housing Market

What Happens in Florida, Will Happen Everywhere Else

Sun Rock Properties — Sat, 24 Apr 2010 15:44:35 +0000

Want to know what will happen in the U.S. Real Estate Market? Watch Florida.

Jim Cramer says Florida is the template for where the US housing market is headed.

Florida real estate lead the way during the boom and the bust, and will lead the way in a recovery. Look to Florida to find out what will happen next.

For pre-purchase investment consulting and expert property management, contact Sun Rock Property Management. We manage your investment in Bradenton, Sarasota and Lakewood Ranch, Florida.

Best Home Trader

Sun Rock Properties — Sat, 27 Mar 2010 15:54:00 +0000

One of Sun Rock Property Management’s more tech-savvy friends has recently launched a website to list your home for sale.

The idea of Best Home Trader is to get maximum exposure of your listing online at the best price. By posting your listing you can get to the top of search engines and reach potential buyers nationwide. Listings can be created with a lot of detail and the site is user-friendly.

Viewing current listings or posting your own can be done now at Best Home Trader.

Sun Rock Property Management offers focused, efficient property management with a personal commitment to our owners.

Bird Sells Cheap

Sun Rock Properties — Wed, 24 Mar 2010 15:35:36 +0000

The staff at Sun Rock Property Management believe there is always a good time to buy, as long as you buy right and have an exit strategy.

There is always opportunity in the real estate market, but in the current dynamic market it takes more savvy to create a profit.

From an investment standpoint, the biggest returns are no longer in higher priced homes which could leverage high appreciation. Wholesale, ‘cheap’ homes, improved and then ~~flipped~~ resold for a high percentage profit are the best way to create a gain.

A friend of Sun Rock, is currently specializing in wholesale properties throughout Pinnelas County, Florida. Blackbird homes is finding deals and getting investors into properties to produce cashflow or high percentage returns on investment.

Here is the link to view available listings with blackbird homes.

We manage your investment in Bradenton, Sarasota and Lakewood Ranch, Florida, Sun Rock Property Management

The Effect of Record Foreclosures

Sun Rock Properties — Sat, 13 Mar 2010 19:45:00 +0000

When you have record numbers of foreclosures like the United States has had over the last few years, you get record numbers of renters.

The most amount of people in history have been losing their homes to foreclosure, when this happens the person:

A. Doesn’t have a place to live

B. Has bad credit

C. Can’t qualify for another mortgage

So where do these people go? Some may have to move in with family, but the majority will be looking for a place to rent.

This means that there are currently a record number of people that are interested in renting a property. This is good news for our property management company, since it makes finding tenants very easy.

In some recent cases, we have had people bidding up properties over the advertised rental price. Once properties are rented, we continue to get tons of phone calls and emails of people trying to find a place or see if we have anything similar.

Owners who can capitalize on this opportunity can increase their cashflow and limit vacancies on their properties.

For expert property management in Lakewood Ranch, Florida, contact Sun Rock Property Management.

Rent vs. Buy 2010

Sun Rock Properties — Wed, 10 Mar 2010 19:29:00 +0000

The rent vs. buy calculator was traditionally used by realtors and mortgage lenders as a way to show you the benefits of homeownership. These include building equity, getting a tax write-off and appreciation of the property.

These numbers always skew in favor of purchasing a home instead of renting, which is what they want you to do anyway. Buying a home and paying it off in 30 years does make sense financially, but who really does that anymore?

To make an intelligent decision in times like these, you have to go outside the numbers.

Will I live in the property for 30 years?

What is the total cost of ownership of the property?

What if I get transferred or move?

What if I can’t find a tenant or a tenant doesn’t pay?

What if I lose my job?

What if property doesn’t appreciate for the next 15 years?

What repairs/renovations will I have to do?

What if my taxes, insurance and homeowners’ dues increase?

Ask yourself a few of these questions and see if renting might be the right choice for you, right now.

Sun Rock Property Management is a full-service property management company in Florida, with a portfolio of properties from Apollo Beach to Sarasota, Florida.

As Home Prices Decline, it is a Great Time to Invest in a Rental Property

Sun Rock Properties — Wed, 09 Dec 2009 22:55:59 +0000

In Manatee County home and condominium re-sales rose in October. However, there’s still a debate about the housing market recovery.

According to the Florida Association of Realtors, sales of existing single-family homes in the Sarasota-Bradenton market rose nearly 50 percent in October compared to the same month a year ago. Sales of previously-owned condos also escalated.

Bargain-hunters and first-time homebuyers seeking the federal tax-credit deadline pushed the sales spike. This led to a decrease in the median sales price from a year ago.

Whether you are looking to purchase a condo on the 10th-hole in River Strand or a beautiful home in the Lakewood Ranch Country Club, prices are right for an investment in a rental property.

Contact Sun Rock Property Management for all your investment rental property management needs.

Manatee County – Property Management Perspective

Sun Rock Properties — Tue, 24 Nov 2009 23:04:00 +0000

The Bradenton/Manatee County, Florida area has always been a desirable place to live. Throughout Manatee County you will find a wide variety of properties: bayside villages, country clubs, rural settings, urban communities and retirement areas.

You can find stunning oceanfront homes and luxurious condominiums of Anna Maria Island and Holmes Beach. In the East County lies the sprawling master-planned communities Lakewood Ranch and Heritage Harbour. With these diverse options, you can find a property with everything you desire in a home.

Located between Tampa and Sarasota, Manatee County offers many attractions and historical districts. Bordering the Gulf of Mexico and the Manatee River, the county is well-suited for the avid golfer, boater or beach enthusiast.

Manatee County saw considerable appreciation during the housing boom and rapid depreciation during the bust. Manatee County is beginning to rebound from the housing market crash, showing signs of life. New businesses and retail stores are opening up and some builders are increasing prices.

The rental market in Manatee County is strong, with most properties finding tenants within 30 days of listing. Proper research must be done to determine rental rates for individual properties. Setting the right pricing point will ensure you make the maximum amount of cashflow, but also help you avoid vacancies.

For professional property management in Bradenton and Manatee County, contact Sun Rock Property Management

Bradenton & Sarasota REO Management

Sun Rock Properties — Tue, 24 Nov 2009 15:22:00 +0000

Sun Rock Property Management is now your resource for asset management in Bradenton and Sarasota, Florida. We are teaming with mortgage servicers to provide professional real estate owned or REO management and property preservation.

Services:

Property Management
REO Disposition
Complete Eviction Services
Appraisal Review
Title Issue Resolution
Property Inspections
Consulting
Contract Negotiation
Escrow Tracking

Contact Sun Rock Property Management for REO Management in Bradenton & Sarasota, Florida.

Homebuyer Tax Credit Extended

Sun Rock Properties — Sun, 08 Nov 2009 10:51:49 +0000

The government has extended the current $8000 tax credit for first-time home buyers through spring of next year. A new credit was also passed that is for $6500, buyers who have owned a home in the last 3 years will be eligible.

Tax Credit Extended, Some Home Buyers To Get 6500 | HULIQ

What Next?

Sun Rock Properties — Sun, 01 Nov 2009 11:58:00 +0000

The commercial real estate sector still has more pain ahead, and that means that the decline in real estate values will continue…..possibly for a long time.

I found this article by Doug French, and I found his explanation interesting about the defaults happening in the commercial sector from apartment buildings, office space and even hotels (I know there is plenty of commercial retail space available where I live).

The other thing worth noting is that in the 80’s savings and loan crisis it took a long time for people to realize what their homes were worth.

The Real Estate Bust Is Far From Over by Doug French