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John and Anja Buetergerds, Keller Williams Realty

John and Anja Buetergerds

Ph/Text: 941.894.4063

The Sarasota Suncoast Team

Selling Suncoast Homes!

Get a positive, professional team for buying or selling a home...

John and Anja Buetergerds, The Sarasota Suncoast Team

Sarasota County Real Estate & Manatee County Real Estate 

  • Trusted resource for answers about the process
  • Innovative marketing strategies
  • Expertise about neighborhood features
  • Ability to target home searches
  • Strong negotiation skills
  • Support through the closing and beyond

 

 

What Our Customers Say When They Buy or Sell a Home with Our Sarasota Suncoast Team!

 Alan S. and Valerie M. Just bought their new home!!! Watch their video testimonial. 

 

Deciding how much house you can afford

Your lender decides what you can borrow but you decide what you can afford.

Lenders are careful, but they make qualification decisions based on averages and formulas. They won’t understand the nuances of your lifestyle and spending patterns quite as well as you do. So, leave a little room for the unexpected – for all the new opportunities your home will give you to spend money, from furnishings, to landscaping, to repairs.

Historically, banks use a ratio called 28/36 to decide how much borrowers could borrow. An approved housing payment couldn’t be more than 28 percent of the buyer’s gross monthly income, and his or her total debt load, including car payments, student loans, and credit card payments, couldn’t be more than 36 percent. (In Canada lenders apply similar formulas to determine how much a buyer can afford. The Gross Debt Service ratio, or GDS, is not to exceed 32 percent of the buyer’s gross monthly income, and the Total Debt Service ratio, or TDS, is not to exceed 40 percent of the buyer’s total debt load.) As home prices have risen, some lenders have responded by stretching these ratios to as high as 50 percent. No matter how expensive your market though, we urge you to think carefully before stretching your budget quite so much.

Deciding how much you can afford should involve some careful attention to how your financial profile will change in the upcoming years. In the long run, your own peace of mind and security will matter most.

How to price to sell and still make a profit

The asking price you set for your home significantly affects whether you will profit in the sale, how much you will profit and how long your home will sit on the market. Your Sarasota Suncoast Team's knowledge of the overall market and what's selling - or not selling - will be invaluable in helping you determine the price. The objective is to find a price that the market will bear but won't leave money on the table. 

Here are some points to consider:
Time. Time is not on your side when it comes to real estate. Although many factors influence the outcome, perhaps time is the biggest determinant in whether or not you see a profit and how much you profit. Studies show that the longer a house stays on the market, the less likely it is to sell for the original asking price. Therefore, if your goal is to make money, think about a price that will encourage buyer activity (read: fair market value).

Value vs. Cost. Pricing your home to sell in a timely fashion requires some objectivity. It's important that you not confuse value with cost - in other words, how much you value your home versus what buyers are willing to pay for it. Don't place too much emphasis on home improvements when calculating your price, because buyers may not share your taste. For instance, not everyone wants hardwood floors or granite countertops. 

Keep it simple. Because time is of the essence, make it easy for the buyers. Remain flexible on when your Realtor can schedule showings. Also, avoid putting contingencies on the sale. Though a desirable move-in date makes for a smoother transition between homes, it could cause you to lose the sale altogether. 

 

 

 

 

Featured picture for the property M5845560
Foreclosure
8844 WHITE SAGE LOOP
LAKEWOOD RCH, FL 34202
$119,900
2 beds/3 baths
Listing courtesy of KELLER WILLIAMS RLTY MANATEE
Featured picture for the property A3996638
4367 WOODMANS CHART # 163
SARASOTA, FL 34235
$237,900
3 beds/2 baths
Listing courtesy of MICHAEL SAUNDERS & COMPANY
Featured picture for the property A3996632
$189,900
2 beds/2 baths
Listing courtesy of SWILLEY & ASSOCIATES REALTY
Featured picture for the property A3994546
Foreclosure
7919 KAVANAGH CT
SARASOTA, FL 34240
$324,900
3 beds/2 baths
Listing courtesy of RE/MAX ALLIANCE GROUP
Featured picture for the property A3995458
Foreclosure
1803 WOOD HOLLOW CIR
SARASOTA, FL 34235
$195,900
3 beds/2 baths
Listing courtesy of REALTY SERVICES INC
Featured picture for the property A3989811
Foreclosure
4921 RUTLAND GATE
SARASOTA, FL 34235
$359,900
4 beds/3 baths
Listing courtesy of MICHAEL SAUNDERS & COMPANY

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Copyright 2014 Mid Florida MLS. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Mid Florida MLS. Real estate listings held by brokerage firms other than the owner of this page are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The owner of this page does not display the entire MLS database on this website. The listings of some real estate brokerage firms have been excluded. This site will be monitored for 'scraping' and any use of search facilities of data on the site other than by a consumer looking to purchase real estate, is prohibited. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on Apr 18, 2014 6:22:am.