Sarasota Florida, Beaches, Parks, Points of Interest and Yes, Real Estate Info too

Category: Buyer Tips

Practical information and helpful tips to guide you through the home-buying process, from getting started and choosing a home to inspections, financing and closing.

Understanding Home Inspections: What Every Home Buyer Should Know

Buying a home is exciting, but it’s also a major investment. One of the most important steps in the process is the home inspection.

A home inspection gives buyers an opportunity to have a professional evaluate the property’s condition before completing the purchase. It can provide valuable information about the home and help you better understand what you’re buying.

What Is a Home Inspection?

A home inspection is a professional examination of a property’s major systems, components and structures. The inspector looks for visible conditions that may affect the home’s safety, functionality or future maintenance needs.

Depending on the property, an inspection may include the roof, foundation, electrical system, plumbing, HVAC system, windows, doors, attic and other major components.

The inspection is not designed to predict every future problem or guarantee that a home is perfect. Instead, it gives the buyer a better understanding of the property’s current condition.

When Should You Have a Home Inspection?

A home inspection is generally performed after you have a contract on the property and before you finalize the purchase, within the inspection period specified in your contract.

Timing is important because your inspection findings may affect how you proceed with the transaction. The specific rights and deadlines will depend on the terms of your purchase contract.

What Does a Home Inspector Look For?

Some common issues that may be discovered during an inspection include:

  • Roof problems or evidence of leaks
  • Plumbing issues
  • Electrical concerns
  • HVAC problems
  • Water intrusion or drainage concerns
  • Foundation or structural concerns
  • Problems with windows, doors or other components
  • Signs of deferred maintenance

Finding issues doesn’t necessarily mean you should walk away from the home. Many homes—even well-maintained ones—will have items noted in an inspection report.

The important question is understanding which issues are significant and which are simply normal maintenance or minor repairs.

How Long Does an Inspection Take?

A typical home inspection can take approximately 2–3 hours, although the time can vary depending on the size, age and condition of the property.

Should You Attend the Inspection?

Yes, I recommend it whenever possible.

Being present gives you an opportunity to see what the inspector is examining and ask questions along the way. You can also learn useful information about the home’s systems and maintenance.

The written report is important, but seeing things firsthand can provide additional context.

What Happens After the Inspection?

After the inspection, you’ll receive a detailed report outlining the inspector’s findings. Take time to review it carefully.

Don’t be alarmed simply because the report contains a long list of items. Inspection reports often include routine maintenance recommendations and relatively minor concerns.

Instead, focus on the issues that could have a meaningful impact on the property’s safety, condition, cost of ownership or value.

This is also a good time to discuss the findings with your real estate professional and determine what, if anything, should be addressed with the seller.

Can You Negotiate Repairs?

Depending on the terms of your contract and the circumstances of the inspection, buyers may be able to request that the seller make certain repairs, negotiate a credit or otherwise address significant concerns.

The goal isn’t necessarily to create a perfect house before closing. It’s to address legitimate concerns and make sure both buyer and seller understand what is being agreed upon.

Don’t Forget the Final Walk-Through

The inspection isn’t the last time you should look carefully at the property.

Before closing, the final walk-through gives you an opportunity to make sure the home is in the condition you expect and that agreed-upon repairs or other items have been completed.

It’s an important final check before you take ownership.

My Advice to Buyers

A home inspection isn’t about finding a perfect house—because there may not be one.

It’s about knowing what you’re buying.

Understanding the property’s condition can help you make better decisions, prepare for future maintenance and move forward with greater confidence.

If you’re considering buying a home in Sarasota, Siesta Key, Longboat Key or the surrounding area, I’m happy to help you navigate the process—from finding the right property through inspections, negotiations and closing.

Have questions about buying a home? Give me a call or send me a message. I’m always happy to help.

Larry Brzostek | Broker Associate, RE/MAX Alliance Group
Serving Sarasota and surrounding communities

10 Red Flags to look for when buying a home

10 Red Flags to look for when buying a home
10 Red Flags to look for when buying a home

10 Red Flags to look for when buying a home

Too Much Scent – Could be masking offensive odors.

Wonky Windows – Can signal issue with foundation or poorly installed. Pricy to fix /repair.

Poor Tiling – Bad DIY tiling can cost a lot to re-do.

Mold – Inspect bathroom and sinks for small black or gray spots.

Foundation issues – Tip Offs: Large gaps, sticking doors or windows, cracks, uneven floors.

Water Damage – Musty odor is an indicator. Check walls & ceilings for waterlines.

Poor Maintenance – Can indicate seller ignored other ongoing issues.

Cosmetic Updates – Could have been added to hide deal breakers.

Nearby water – Higher chance of flooding.

Bad Ventilation – Allows moisture to stick around, creating mold.

Source: Realtor.com – Courtesy of Residential Real Estate Council

Have a Great Day!

As always, for all your Real Estate needs in the Sarasota Area
Call or Text Larry @ 941-993-3125
or
Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com

5 Hidden Costs of Homebuying

Ready to Buy?
Top expenses to factor into your purchase.

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5 Hidden Costs of Homebuying

HIDDEN COSTS OF HOME BUYING

44% OF HOME BUYERS report they weren’t aware of all the costs associated with buying a home.
Top expenses that new home buyers sometimes forget to factor in:

CLOSING COSTS
These range between 2% to 5% of the loan amount. The national average is about $6,000.

HOME INSPECTIONS
These typically run from $300 to upward of $600 depending on the location and size of the home.

TITLE INSURANCE
The average cost of title insurance is around $1,000 per policy, but that amount varies widely from state to state and depends on the price of your home.

POTENTIAL RENOVATIONS
A 2017 survey found that new homeowners spent
an average of $10,601 on furniture, appliances, and home repairs — in the first year.

MOVING COSTS
The national average cost of moving is about $1,400 with a range from $800 to $2,150. (That’s for a two-person moving team completing a local move of less than 100 miles. The average cost of a long-distance move: between $2,200 and $5,700.)

SOURCES: Realtor.com, Forbes, National Association of Home builders

Have a Great Day!

As always, for all your Real Estate needs in the Sarasota Area
Call or Text Larry @ 941-993-3125
or
Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com

Florida Homestead Exemption

Are you a permanent Florida Resident and homeowner?

If you are, have you filed for the Florida Homestead Exemption?

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Sold by Larry Brzostek

Hi, I’m Larry Brzostek with RE/MAX Alliance Group. I can walk you through what the Homestead Exemption is and why it matters to you.

What is the Florida Homestead Exemption?

As a permanent Florida Resident and homeowner, you are entitled to get a homestead exemption on your primary residence.
The exemption is a $50,000 reduction of the assessed value of your home which determines your property taxes.

What are the eligibility requirements for the Homestead Exemption?

To be eligible for the Homestead Exemption your home must be your primary residence as of January 1 in the year you are filing. If you rented the property in the previous year, you only could have done so for a maximum of 30 days.

When should I file an application for a homestead exemption?

Your application must be filed between January 1 and March 1. The March 1st deadline is in year you are filing.
You can file online in Sarasota County using the Sarasota Appraiser’s site
https://www.sc-pa.com and look under Exemptions. If the property you are homesteading is in another county, look under that county’s appraiser site.

What documentation do I need to file for the homestead exemption?

All documentation must show your permanent residence address.
You will need:
• Valid Florida Driver License or Valid Florida Identification card with the ID number and issue date.
• Florida Vehicle registration (if vehicle owner) with tag number and issue date.
• Voter registration (if registered voter) with ID number and issue date.

If you are not a citizen, you will need your Permanent Resident Alien Card with ID number and issue date.
(Also, you must submit a copy will be as part of the exemption application).

What other information is on the exemption application?

You will also have to provide the following:
• Date of birth
• Social Security Number (if you are married, you will also be required to provide your spouse’s SSN)
• Date you purchased the property
• Date you occupied the property
• Address of previous residence
• Address of other property or properties owned
• Telephone number
• Employment information (if applicable)
• Mailing address listed in last IRS tax return

Married couples filing for homestead exemption must complete the application during the same application session. If you are married AND your spouse is NOT filing for homestead exemption, you will be asked to provide the following information:

• Name of spouse
• Spouse’s Social Security Number
• Spouse’s Date of birth
• Spouse’s Florida Driver License or Florida Identification Card number (if applicable)
• Spouse’s primary residence address & residency-based exemptions/discount information

In addition to the homestead benefit the Save Our Homes (SOH) cap was established in 1995 according to Florida Statutes. The SOH cap is placed on the Assessed Value the year after the property receives a Homestead Exemption and is based on the lower of the following:

Three percent of the Assessed Value of the property for the prior year, or the percentage change in the Consumer Price Index (CPI) as reported by the U.S. Department of Labor, Bureau of Labor Statistics. This means your taxes will not increase by more than 3% in any given year.

In 2008 a constitutional amendment was passed adding portability of the exemption; allowing some or all of the exemption to be transferred to another home. Very beneficial to a homeowner who trades up to a larger home or one who downsizes to a smaller one.


Do you qualify for additional homestead exemptions in Sarasota?

To find out if you qualify for additional homestead exemptions,
Contact the Property Appraiser’s office in the county that your property is located.

Hopefully this information will help you. Happy homesteading!

For more information Call or Text me @941-993-3125
And Checkout my Website
LarrySellsSarasota.com

7 Tips for a Smooth Move

Memorial Day to Labor Day is peak moving season with more than 65% of relocations happening during the summer months. Take the stress out of your move with these tips from the Professional Movers Association of Florida.

Seven tips for a Smooth Move
7 Tips for a Smooth Move
  1. Plan your move in advance so you have time to evaluate your options, and make a decision based on overall value (quality low stress move, insurance/valuation to protect your move).
  2. Confirm that each mover considered carries commercial general liability insurance, automobile liability, cargo liability and workers’ compensation. This can be verified by a certificate of insurance.
  3. Check if the moving company is licensed by Florida Department of Agriculture and Consumer Services by visiting floridaconsumerhelp.com.
  4. Get a written estimate from several movers and compare them. The estimate should be based on an actual in-person or virtual inspection of your household goods. Estimates and Contract for Services must include:
    – Name, telephone number, physical address and state registration number of the mover.
    – Date the contract or estimate was prepared and proposed date of the actual move.
    – Appropriate pickup and delivery address, name and telephone numbers of the shipper.
    – Name, telephone number and physical address where the goods will be held, if necessary.
    – Itemized breakdown, description and total of all costs and services provided.
    – Acceptable forms of payment available.
  5. Determine if the company is a moving broker or moving company. A broker arranges for the transport of your household goods for a fee and sells your move to a moving company – which significantly reduces a consumer’s available funds for the actual cost of the relocation services. Often, the consumer is not aware their move is being sold to another company.
  6. Check your homeowners or rental insurance policies for moving coverage.
  7. Accidents happen, even with the best movers. Discuss valuation with your mover; know the difference between released value at 60 cents per pound and full value protection.

Source: Florida Realtor magazine

Have a Great Day!
Larry and Ann

As always, for all your Real Estate needs, call or text Larry @ 941-993-3125
or
Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com

Home Buying – Secrets for a Stress Free Transaction

Source: Courtesy of Breakthrough Broker

Home Buying - Secrets for a Stress Free Transaction
Home Buying – Secrets for a Stress Free Transaction

Lay Groundwork
Discuss the type of home you are looking for including style, price and location.

Work with an Agent
I will guide you through the process every step of the way. The Seller usually pays the real estate commission for their agent and the buyer’s agent. I will be there to help you succeed.

Communicate
Ask questions if something is confusing ask about it before you sign.
Be direct with your team and speak up if you don’t like something.

Be Flexible
Circumstances always change. Besides your financial capabilities almost everything else is beyond your control.
Any Questions? Call or Text me @ 941.993.3125

Have a Great Day!
Larry

As always, for all your Real Estate needs, call or text Larry @ 941-993-3125
or
Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com

Home Buying – 6 Reasons to Own a Home

6 Reasons to Own a Home

Source: Courtesy of Breakthrough Broker

Home Buying 6 Reasons to own a Home
Home Buying 6 Reasons to own a Home

Happiness
Owning your own home is great!
Fix it up, get a dog or cat, plant a tree…
Make it your own!

Tax Savings
Get excellent tax benefits and deduct the interest paid on your mortgage and other home-related expenses.

Appreciation
Home values usually go up over time which becomes equity when you sell.

Equity
Part of your monthly payment goes toward the principal balance of your loan, which builds equity.

Roots
Homeowners stay in their homes four times longer than renters, helping them build ties in their community.

Education
Homeowners’ students earn higher test scores and graduate at a higher percentage than those of renters.

Thinking of Buying a home?
Contact me and let’s talk!
Call or Text me @ 941.993.3125

Have a Great Day!
Larry

As always, for all your Real Estate needs, call or text Larry @ 941-993-3125
or
Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com

The Home Buying Process – Explained

The Home Buying Process – Explained

How to Navigate the Home Buying Process
How to Navigate the Home Buying Process

Meet with me, I am a professional Realtor, Broker Associate, (CRS) Certified Residental Specialist, (CLHMS) Certified Luxury Home Marketing Specialist
Discuss the type of home you are looking for, including style, price and location.

Get Pre-Approved
You will need pay stubs, W2’s and bank statements.
Knowing what you can afford is critical to a successful experience.

Search for Homes
The fun part!
I will schedule showings and help you find the perfect home.

Make an Offer!
I will prepare your offer based on the price and terms you choose.

Negotiation and Contract
It may take a few tries to get there, but hang in there.
You’re on your way!

Under Contract
You and the seller have agreed to the price and terms.

Final Details and Closing
Order the appraisal, have an inspection and review terms with the lender.
Now you are ready to close.

CONGRATUALATIONS!
You are now a homeowner!

Thinking of Buying a home?
Contact me and let’s talk!
Call or Text me @ 941.993.3125

Source: Breakthrough Broker

Have a Great Day!
Larry

As always, for all your Real Estate needs, call or text Larry @ 941-993-3125
or
Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com

The Difference Between Home Warranty and Home Insurance

The Difference Between Home Warranty and Home Insurance

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The Difference Between Home Warranty and Home Insurance

When purchasing a new home, it’s important to do in-depth research on all facets of the homebuying process. One thing you’ll need to understand is how to best protect yourself and your investment if anything were to go wrong. Check out the information on home insurance versus home warranty below to educate yourself on your options.

Home Insurance
Homeowners insurance pays for any accidental damages and loss that are caused by fire, lightning strikes, windstorms, and hail, however, damage from earthquakes and floods is typically not covered. It also covers the replacement of personal property in case of theft or damage and liability if a person were to get injured in your home or on your property. According to American Home Shield, the average annual cost of a homeowner’s insurance policy ranges between $300 and $1,000, and the bank usually asks you to obtain a policy before the mortgage is issued. Make sure to keep in mind that each type of coverage in the policy is subject to a limit and, in most cases, you will have to pay a deductible.

Home Warranty
A home warranty is designed to cover the cost of repairs and replacements of larger appliances and crucial systems in your home that may fail or break due to age and wear and tear. This includes but isn’t limited to HVAC, electrical, or plumbing components, kitchen appliances, and your washer and dryer. With a home warranty, you are required to pay premiums year-round, even if you do not use it, and it won’t cover damages if appliances were not maintained properly or if the damage is from a fire or other disaster.

Have a Great Day!
Larry and Ann

As always, for all your Real Estate needs, call or text Larry @ 941-993-3125
or
Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com

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