The Landings was one of Sarasota's first modern, in-town, gated luxury home communities. This community has a mix of large homes on well landscaped and waterfront lots, as well as maintenance free villas. The meandering streets within The Landings are lined with large banyan trees, and beautiful tropical Florida foliage.
The Landings is also classed as a "West of the Trail" neighborhood. The Landings is bordered by Tamiami Trail (US 41) to the west, Oyster Bay Estates to the north, Phillippi Creek to the south, and Roberts Bay and the inter-coastal waterway to the west. The neighborhood has an excluded feel yet resides in one of the best locations in Sarasota.
The community was developed in the early 1980's and consists of 700 2,000 to 4,000 square foot residences ranging in price from $400,000 to over $1 million. The Landings amenities include a racket club with a fitness center and a pool. Membership to the racket club is optional for most residents; however there are some condo developments that do require a membership.
The newest addition to The Landings community is the condo development known as Phillippi Landings. This condo development consists of 5 buildings ranging in height from five to seven floors and features modest 1,700 foot residences to opulent penthouse units over 7,000 square feet in size. This development adorns the shores of Phillippi Creek and residences have access to boat slips. Phillippi Creek leads to the inter-coastal waterway, Sarasota bay, and the Gulf of Mexico.
The tree house residences in the community are unique to The Landings. These multi level residences are strategically placed in the community between the large old growth trees found in the neighborhood. Imagine sitting on your balcony at the height of the forest canopy having breakfast watching the numerous native birds and squirrels that live in the area. This is a rare living environment that can only be found in the tree house residences found in The Landings.
The maintenance free villas offer some of the best value in the development, these villas average 1,500 square feet with 1 car garages and hover around. $200,000. Maintenance free living is ideal for retirees and snowbirds that will only reside in the community six months out of the year.
The location of the Landings is what makes this community so attractive. Less than 10 minutes form the famous Siesta Key Beach, and close to every shopping opportunity imaginable in Sarasota makes living here simple. There are 3 golf courses within a 10 minute drive that have memberships across all price points for Landings residents that enjoy playing golf.
Saturday, November 27, 2010
Pending Home Sales
It was expected: home sales would drop following the April end of the Homebuyer Tax Credit program. What wasn't expected, and what has the industry reeling, is the depth of the drop-off. Pending home sales -meaning home sales that are under contract but are not yet closed- fell off 30% in May from its April mark. This drop, to put it in perspective, is the largest single month drop ever recorded, and to make it even more significant, was a 15.9% decrease for the same month a year earlier.
Some would call this drop a falling off a cliff. A free-fall of painful proportions. And though it wasn't fully unexpected, it still stings.
What it means
Does this level of drop-off mean anything to long-term health or growth of the housing industry? The debate can now be opened up. Many factors came to pass in April, including the Federal government no longer buying up troubled assets, the homebuyer credit coming to an end, and interest rates beginning their rise up from historically low levels.
Another factor that is contributing to the drop-off is the slow economic recovery in this country. Millions of people remain out of work and millions more have been laid off in recent months. It was the perfect compilation of factors that would -each, individually- have led to a decrease in the number of pending home sales in May, regardless of other factors. Yet taken together as a whole, all aggregate factors combined to offer the struggling real estate market the worst single month drop in its history. All this according to the National Association of Realtors (NAR).
How to handle the news
It may seem bleak for many of the nation's realtors, one thing that can be taken away from this abysmal report is that perhaps the worst is now behind us. News has surfaced that President Obama is considering extending the homebuyer tax credit through September, the government is indicating that growth is steady, which means employers will soon be hiring once again, and the Wall Street Reform bill that is expected to pass and be signed into law can open up lending within many of the nation's leading financial institutions.
As realtors or mortgage brokers or lenders, May's numbers are certainly eye-opening, even depressing, but it's up to each of us to look beyond the number, beyond the factors that led to that drop-off, and see the signs of recovery that surround us everyday.
Is the worst truly behind us?
It is certainly a challenge to remain positive and optimistic as the weeks roll into months and the months stretch out into years, but it is incumbent upon us to continue to think positively, to shrug off the bad, staggering news, and look for the silver linings, wherever they may be hiding. The alternative is to continue to be morose and downtrodden about the economic climate around us, and when that happens, it becomes exceedingly challenging to get other people, most importantly potential homebuyers, to feel positive about the future.
No one truly knows what lies around the next corner of this recession. Depending on whom you ask, you will receive a different answer. And it always seems to be politically motivated. Don't look to Washington for the answers; look to your own community. Emphasize the positives that have happened over the past year, or the past month, or the past week.
The only way to turn tragically bad news, such as the May pending home sales report, into positive indications is on a local, community-based level and within every community, there are beacons of light shining everywhere; you just need to look harder.
Some would call this drop a falling off a cliff. A free-fall of painful proportions. And though it wasn't fully unexpected, it still stings.
What it means
Does this level of drop-off mean anything to long-term health or growth of the housing industry? The debate can now be opened up. Many factors came to pass in April, including the Federal government no longer buying up troubled assets, the homebuyer credit coming to an end, and interest rates beginning their rise up from historically low levels.
Another factor that is contributing to the drop-off is the slow economic recovery in this country. Millions of people remain out of work and millions more have been laid off in recent months. It was the perfect compilation of factors that would -each, individually- have led to a decrease in the number of pending home sales in May, regardless of other factors. Yet taken together as a whole, all aggregate factors combined to offer the struggling real estate market the worst single month drop in its history. All this according to the National Association of Realtors (NAR).
How to handle the news
It may seem bleak for many of the nation's realtors, one thing that can be taken away from this abysmal report is that perhaps the worst is now behind us. News has surfaced that President Obama is considering extending the homebuyer tax credit through September, the government is indicating that growth is steady, which means employers will soon be hiring once again, and the Wall Street Reform bill that is expected to pass and be signed into law can open up lending within many of the nation's leading financial institutions.
As realtors or mortgage brokers or lenders, May's numbers are certainly eye-opening, even depressing, but it's up to each of us to look beyond the number, beyond the factors that led to that drop-off, and see the signs of recovery that surround us everyday.
Is the worst truly behind us?
It is certainly a challenge to remain positive and optimistic as the weeks roll into months and the months stretch out into years, but it is incumbent upon us to continue to think positively, to shrug off the bad, staggering news, and look for the silver linings, wherever they may be hiding. The alternative is to continue to be morose and downtrodden about the economic climate around us, and when that happens, it becomes exceedingly challenging to get other people, most importantly potential homebuyers, to feel positive about the future.
No one truly knows what lies around the next corner of this recession. Depending on whom you ask, you will receive a different answer. And it always seems to be politically motivated. Don't look to Washington for the answers; look to your own community. Emphasize the positives that have happened over the past year, or the past month, or the past week.
The only way to turn tragically bad news, such as the May pending home sales report, into positive indications is on a local, community-based level and within every community, there are beacons of light shining everywhere; you just need to look harder.
Tenancy Deposit Schemes
If you are a UK landlord and take a deposit for your rental property you must place this with one of three such schemes which been authorised.
* The Deposit Protection Service - the only custodial deposit protection scheme - is free to use.
* Tenancy Deposit Solutions Ltd is a partnership between the National Landlords Association and Hamilton Fraser Insurance. This insurance-based tenancy deposit protection scheme enables landlords to hold deposits.
* The Tenancy Deposit Scheme is an insurance-backed scheme that enables landlords to hold deposits.
When a landlord receives a deposit he or she has 14 days to comply with the requirements of one of the above schemes. The landlord must also, within two weeks and inform the tenant in writing of:
* Full name, address, telephone number, email address and any fax number of the scheme administrator of the authorised tenancy deposit scheme applying to the deposit;
* Information contained in a leaflet supplied by the scheme administrator to the landlord which explains the operation of the relevant Housing Act provisions.
* The procedures that apply under the scheme by which an amount in respect of a deposit may be paid or repaid to the tenant at the end of the tenancy.
* The procedures that apply under the scheme where either the landlord or the tenant is not contactable at the end of the tenancy.
* The procedures that apply under the scheme where the landlord and the tenant dispute the amount to be paid or repaid to the tenant in respect of the deposit.
* The facilities available under the scheme for enabling a dispute relating to the deposit to be resolved without recourse to litigation.
There is no requirement in the Act for the tenancy agreement itself to specify which deposit protection scheme has been used although landlords may do so if they so wish.
Tenancy Deposit Solutions has no recommended wording but issues a certificate to landlords that can be used to provide information to tenants and to provide proof of compliance with the Act. The Tenancy Deposit Scheme on the other hand has a form of wording which it requires members to use - and which is only available to members.
At the end of the tenancy, if the landlord and tenant agree how the deposit should be divided, they will tell the scheme they are using what they have agreed and the money will be paid out accordingly. Should there be a dispute over the deposit, the scheme will hold the amount until the dispute resolution service or courts decide what is fair.
Both custodial and insured schemes feature alternative dispute procedures that can be called on to settle disputes.
* The Deposit Protection Service - the only custodial deposit protection scheme - is free to use.
* Tenancy Deposit Solutions Ltd is a partnership between the National Landlords Association and Hamilton Fraser Insurance. This insurance-based tenancy deposit protection scheme enables landlords to hold deposits.
* The Tenancy Deposit Scheme is an insurance-backed scheme that enables landlords to hold deposits.
When a landlord receives a deposit he or she has 14 days to comply with the requirements of one of the above schemes. The landlord must also, within two weeks and inform the tenant in writing of:
* Full name, address, telephone number, email address and any fax number of the scheme administrator of the authorised tenancy deposit scheme applying to the deposit;
* Information contained in a leaflet supplied by the scheme administrator to the landlord which explains the operation of the relevant Housing Act provisions.
* The procedures that apply under the scheme by which an amount in respect of a deposit may be paid or repaid to the tenant at the end of the tenancy.
* The procedures that apply under the scheme where either the landlord or the tenant is not contactable at the end of the tenancy.
* The procedures that apply under the scheme where the landlord and the tenant dispute the amount to be paid or repaid to the tenant in respect of the deposit.
* The facilities available under the scheme for enabling a dispute relating to the deposit to be resolved without recourse to litigation.
There is no requirement in the Act for the tenancy agreement itself to specify which deposit protection scheme has been used although landlords may do so if they so wish.
Tenancy Deposit Solutions has no recommended wording but issues a certificate to landlords that can be used to provide information to tenants and to provide proof of compliance with the Act. The Tenancy Deposit Scheme on the other hand has a form of wording which it requires members to use - and which is only available to members.
At the end of the tenancy, if the landlord and tenant agree how the deposit should be divided, they will tell the scheme they are using what they have agreed and the money will be paid out accordingly. Should there be a dispute over the deposit, the scheme will hold the amount until the dispute resolution service or courts decide what is fair.
Both custodial and insured schemes feature alternative dispute procedures that can be called on to settle disputes.
Subscribe to:
Posts (Atom)