The following article was published January 2012  By Donna Gehrke-White, Sun Sentinel, Ft. Lauderdale, FL.

WASHINGTON – Jan. 9, 2012 – You may owe federal income taxes in 2013 if you have a short sale, foreclosure after this year. Now is the time to make the hard decision: Are you going to walk away from your underwater home?

Uncle Sam is still giving homeowners until Dec. 31, 2012, to go through a short sale or foreclosure without tax consequences – as long as the lender officially releases the debt.

But on Jan. 1, 2013, the rules change: The amount a lender forgives, ether in a short sale or foreclosure, on a primary residence will be taxable on federal income taxes.

So if a house sold $50,000 short of what is owed on the mortgage, then the selling…

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ashley_homes_for_sale_in_sarasota_400_01Ashley Parkway has Homes for Sale in the neighborhood of Ashley.  Ashley is a neighborhood of 50 large estate homes that is located just East of I-75 off of Proctor Road.  If you are heading East on Proctor Road you cross over the I-75 bridge and the entrance to Ashley will be about ½ mile on your right hand side.  The main road for Ashley is Ashley Parkway with Ashley Court coming off of Ashley Parkway.

After you pass through the entrance to Ashley you will notice that the homes in this neighborhood are large and set back from the road.  This is not a neighborhood of the same style of homes.  Ashley has a very peaceful feel with large trees and several winding roads.

To see the current list of homes for sale please visit:   
      Ashley Parkway Homes…

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This Siesta Key condo is for sale at The Pointe on Midnight Pass at 9393 Midnight Pass Road. The Pointe on Midnight Pass is the last 2 buildings on the south end of Siesta Key.  When you drive south on Midnight Pass you will come to a gate which is the entrance to The Pointe. 
This is a penthouse condo located on the 10th floor unit #P5 of the first building on the left.   You will enjoy the amazing views of the Gulf of Mexico, the Intracoastal Waterway and Little Sarasota Bay along with overlooking the Neville Bird Sanctuary.   

When you get off the elevator you are looking out over the Gulf of Mexico and can see the spot where Siesta Key joins with Casey Key. This is called Midnight Pass where there once was passage out to the Gulf of Mexico. The only…

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sarasota_real_estate_market_update_2011_400Please find below the market report from the Sarasota Association of Realtors for the closed December 2011 Business.  This is not only the numbers for December but they have also included the year end perspective.

Overall the year 2011 sales are up 8.2 percent achieving the highest sale level since 2005 and prices have stabilized over this past year.  This is good news for both the buyers and sellers.  Sellers are realizing that if they want to move, because of the low inventory, houses that are coming onto the market are being seen quickly.

At the end of December I brought a new listing onto the market and had 6 offers in the first few days.  With one of those offers being accepted as a cash closing in 2 weeks.  This is not an uncommon story.  The…

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This Prestancia Home for Sale is located at 7851 Estrella Court.  Prestancia is a gated golf course community located in the heart of Palmer Ranch and is home to the private golf club of TPC Prestancia.  TPC Prestancia is celebrating 25 years of excellence in Sarasota and has two meticulously groomed championship 18 hole courses, The Stadium Course and The Club Course.  Membership to TPC Prestancia is not required to own a home in Prestancia, but is highly desirable!

Prestancia Home for Sale SaraSellsSarasota

This Prestancia Home for Sale is new to the market and is for sale for $525,000.

This Prestancia Home for sale features 3,100 sq. ft. of A/C living space, 3 bedrooms with an office that could also be used as a 4th bedroom because of the built in closet, 3 ½ baths, 3 car garage and a…

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selling_a_home_in_sarasota_281Perhaps you have been asking yourself is this a good time to be Selling your home in Sarasota. Market conditions and activity has most certainly turned around in the Sarasota Market and a lot of interest has been generated about Sarasota and her Islands. 

The recognition of Siesta Key Beach as the #1 Beach in America, along with the vast culture of arts and entertainment in the Sarasota area from the Film Festival, to the VanWezel Performing Arts Hall, to the Sarasota Opera House, to the many art studios, unique shops and restaurants, to the internationally recognized Ringling School of Art and Design and much, much more has made Sarasota a destination for many from around the globe.  The un-certainty of the world financial markets has led many to take…

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