Our New Blog

The old adage "Great Things Come in Small Packages" can also be true of real estate companies.  The general thought throughout the real estate industry is the larger the company the better it is for the customer.  When in reality, the larger company with the most agents actually benefits the owner of the company-not the customer.

Venice Hometown Realty is the new style company.  We are a small organization dedicated to the service of our customers.  When a customer contacts our office, they actually talk to a person who is familiar with their file.  If you call a large company, most of the time they are not familiar with who your agent is, much less who you are.

A real estate company is gauged by its production.  Venice Hometown Realty is presently ranked 15th out of 77 companies in the Venice Board of Realtors based upon sales and volume for the year of 2009.  That does not tell the whole story.  The companies ranked above us have from 15 to 60 more agents.  If you really want the true picture of production, divide the sales and volume by the number of agents.  In that category, Venice Hometown Realty is at the top of the list.

In real estate, the most important factor is location.  In real estate companies, the most important factor is service.  When you get service, you get production and if you want service and production then you want......

VENICE HOMETOWN REALTY

Call us today and talk to us, not a machine about all of your real estate questions and needs.

Allen Ramsey, Broker Associate

Buyers swarm the town of Venice and keep sales climbing.

November 2nd, 2009 9:41 AM

The buyers are back in town and there is lots of good news!

Total units sold in October, 2008 was 62 for a grand total of $12,442,379. This year for October there was a total of 108 units sold with a grand total of $14,651,800 in sales. The median price in 2008 was $143,500 as compared to $136,700 for this year. The average price in 2008 was $200,684 and in 2009, $152,623. Cash remains king with 57 sales in 2009, compared to 34 in 2008. Conventional financing remained even with 17 units for both years. FHA increased to 10 units versus 6 in 2008. 1 VA financed in 2009.

On the government front the homebuyer credit continues. Hooray!!! This should continue the upward sales trend. The Senate has tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a new $6,500 credit for existing homeowners who have resided in their current residence for a consecutive 5 year period during the last 8 years. You must be under contract by April 30, 2010, and close before July 1st.

Congress passed a congressional resolution that would extend the current higher Fannie Mae, Freddie Mac, and FHA loan limit through 2010. It extends Fannie and Freddie at 125 % of local median home sales prices, up to a maximum of $729,750 in high-cost areas. The floor for FHA is $271,050, the floor for Fannie Mae and Freddie Mac conforming loan limits is $417,000.

What’s happening in Venice? The Art Fest runs Nov. 7-8^th on Venice Ave. The Holiday Parade is Nov. 28^th at 7-9 p.m. downtown Venice Ave. Beginning Nov. 21^st through mid Dec. visit Historic Spanish Point for the Heritage Holidays Living History. Contact (941) 966-5214 for further info for Spanish Point.

Be thankful and have a wonderful Thanksgiving, Alice