Affordable Home for sale in Stuart, Florida

• 1,450 sq. ft., 2 bath, 3 bdrm single story “New Roof” – MLS® #331814 $149,000 – Affordable Stuart home

Port Salerno, Martin County – Spacious and upgraded 3 Bedroom 2 Bath half duplex in south Stuart. Tiled living areas and large carpeted bedrooms with ample storage space. Preserve/Pond across the street for a very private feeling. Convenient location just south of Cove Rd and east of US1. New roof, newer AC and for your peace of mind a full 1 year AHS home warrantly will be included in the sale. Also offering 3% in sellers concessions.

Price Reduced on 2803 SE Birmingham Dr. in Lexington Lakes

Lexington Lakes, Stuart – Announcing a price reduction on 2803 SE Birmingham Dr., a 1,776 sq. ft., 2.5 bath, 3 bdrm townhouse “upgraded”. Now $215,000 – Excellent Opportunity. MLS® #330343

COSIDERING RENTING?

You’ve undoubtedly been hearing and reading about the “subprime lending crisis” hitting the Treasure Coast of Florida as well as the rest of the nation. The bottom line for buyers is that it may be more difficult to secure a mortgage in this atmosphere. It then follows that demand for rentals may increase.

That rising demand has encouraged many people in the Stuart area to consider the benefits of becoming a landlord, or residential property manager. Some have donned that hat because they’ve been unable to sell and needed a tenant, while some savvy investors are actively buying properties at lower prices and looking to profit from rental income.

In either case, consider a few tips before entering this type of venture. First, don’t necessarily expect to regain your entire investment. Be careful not to overpay for a property, and also take care not to underestimate the cost of repairs and maintenance, which will likely have a large impact on your bottom line.

Two important people to hire: a property manager and an accountant. A manager will have knowledge of local ordinances and proper pricing, as well as how to locate responsible clients. An accountant, on the other hand, will have knowledge of tax breaks, write-offs, and deductions that will help you meet your financial goals.

Step one may be contacting an agent or broker with experience handling or even managing rental properties. Help ensure success with careful planning and support.

If you need information to help you solve a real estate puzzle, call us at (772) 323-6996, or visit us on the web at www.GabeSanders.com.
We’ll be happy to share our knowledge with you at no cost or information, and if we aren’t sure of our answer we’ll direct you to the best Martin or Saint Lucie County resource.

Open House in Sewalls Point on Sunday

Open House in Sewalls Point on Sunday

Sewalls Point, Sewall’s Point – We invite everyone to visit our open house at 3 Quail Run Ln. on October 21 from 1:00 PM to 4:00 PM.

Property information

REAL ESTATE NEGOTIATIONS: DO NOT PASS GO!

Remember playing “Monopoly”? “Do not collect $200!” became a household phrase. Sometimes, towards the end of the game, you might have sold a property to another player for half-price just to raise some cash.

In real life, you would never accept half-price for your home – or would you? What if you owed $88,000 on a home you wanted to sell for $100,000? Now what if a prospective buyer offers to buy it at a discount of 6% off the asking price? Although you would like to receive full asking price, you accept. You’ve just sold your house for half price!

How’s that? Your equity – the difference between the sale price and what you owe – is what you receive at closing. It can easily slip through your fingers at the hands of a buyer who is good at negotiation.

Allowing that 6% discount ($6,000), you are selling for a price of $94,000 while you still owe $88,000. That means you will receive $6,000 cash in hand at closing rather than the $12,000 you had anticipated – half price!

Perhaps the most valuable role we play as your Stuart Florida real estate agents is that of negotiator. When we list your home, you empower the team of the Gabe Sanders real estate team to represent you in any negotiations that take place. Expect the best from us and reap the financial rewards.

Call us for information or contact us at GabeSanders.com.