LAKEWOOD RANCH NO. 1 IN THE NATION – FOR HOUSING STARTS IN SECOND QUARTER – PRESS RELEASE

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Lakewood Ranch led the nation in housing starts for the second quarter of 2019, according to Metrostudy, a leading research and consulting firm specializing in U.S. residential markets. The Ranch’s 1,561 new home starts exceeded those of other top-selling communities in Florida, Texas, Nevada and California.

“With a broad offering of new homes for every stage of your life coupled with a long standing reputation for amenities and lifestyle, Lakewood Ranch became the ‘Most Active Community’ in the United States for new housing starts as of 2Q 2019, surpassing The Villages for top spot,” said Tony Polito, director of the Tampa/Central Florida region of Metrostudy.

Earlier in the month, Lakewood Ranch was named the second fastest-selling community in the nation (first multi-generational community), according to Maryland-based real estate consulting firm RCLCO’s 2019 Mid-Year Ranking.

“Lakewood Ranch’s sales – and subsequent starts success – is a result of its exceptional location, multi-generational approach, and diversity of neighborhoods, as well as an ever-growing list of daily conveniences and social engagement opportunities,” said Laura Cole, senior vice president, LWR Communities, LLC.

Among the recent additions to The Ranch’s myriad offerings have been two new community parks, two new shopping centers, and the addition of 1.1M square feet of commercial development, which resulted in 222 new businesses and 2,631 additional jobs. Ranch developer Schroeder-Manatee Ranch has spearheaded more than 28 miles of road expansions, added a new sheriff sub-station on SR70, and introduced a new Town Hall for residents. Lakewood Ranch Medical Center recently completed and expansion, and Dr. Mona Jain Middle School will be open for the 2019-‘20 school year.

Prices in The Ranch range from $200K to more than $1 million, providing a multitude of options for buyers, including condominiums, paired villas, and single-family homes.

Sales in Lakewood Ranch continue to come from throughout Florida, as well as from high tax markets in the Northeast, specifically New York and New Jersey. There has been growing activity from the Mid-Atlantic, including Washington, D.C., Virginia and Maryland, as well as from California.

Metrostudy is the leading provider of primary and secondary market information to the housing and related industries nationwide. In addition to providing information, the company is recognized for its consulting expertise on development, marketing and economic issues, and is a key source of research studies evaluating the feasibility of residential and commercial real estate projects. Services are offered through an extensive network of offices strategically located in major metropolitan areas throughout the country.

Lakewood Ranch is the 31,000-acre award-winning master-planned community in Sarasota and Manatee counties on the West Coast of Florida. Just minutes from the Gulf Coast beaches and cultural assets in Sarasota, Lakewood Ranch is already home to more than 36,000 residents and features A-rated schools, the Lakewood Ranch Medical Center, the Sarasota Polo Club, the 75-acre Premier Sports Campus, its own Main Street with theaters, shopping and dining, and more than four million square feet of commercial property, including CORE, a life science business campus that focuses on research, health, and education. For more information visit www.lakewoodranch.com.

BRENT LEATHWOOD, MBA

LICENSED REAL ESTATE BROKER | BK 3300751

CROSS BORDER REALTY LLC | CQ1046895
2100 CONSTITUTION BLVD. #207
SARASOTA, FL, 34231
(941) 882-2995
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3 Big Mistakes Buyers make:

  1. 1. NOT KNOWING THE NEIGHBORHOOD...ContinuedReal estate always has been and always will be a local business. Know your neighborhood is a cardinal rule in this business. A real estate professional knows what is going on in their local market area. Hire a knowledge, local professional. When we see folks wandering around with a notebook and a list of questions, we know they are the most likely to make a costly mistake. A PROFESSIONAL Realtor, (please note the word professional), can spend 15 minutes listening to your needs and wants, and probably rule out 90% of the local market options, and focus your attention, on the 3 or 4 or 5 communities that will meet your needs, and make sense from both a financial and lifestyle point of view. I am amazed at how many people from out of State, go it alone, end up buying in the wrong community, and come to regret it. I meet people like this everyday, and everyone single one of them will say to me: “I wish we had met you first.”
  2. 2. GETTING STUCK IN AN HOA NIGHTMARE...ContinuedHome owners association nightmares are the stuff of legend in our State. Do not buy the wrong property in the wrong community. A knowledgeable real estate professional can explain to you upfront, the ins and outs of the HOA regulations of the community you are considering, and help you avoid 99% of these potential pitfalls. This is another very costly mistake.
  3. 3. THINKING YOU DO NOT NEED A REALTOR WHEN BUYING A NEW HOME...ContinuedEverybody knows you need a Realtor to represent you, when buying a resale home. Many do not know, you also need a Realtor to represent you, when buying a new home. The new home sales person in the model home works for the Builder, not the Buyer. They are paid to look out for their employer’s interests, not yours. You will not save $1 by going it alone. You will lose money. A lot of money. One of our largest local builders reported 872 annual sales, of which, 762 were handled by Realtors representing the Buyer. That is 87% of the total. The Builder has already factored paying a finder’s fee into the price. The Builder will not rebate $1 of this money back to you. Builders laugh under their breath, when Buyers try this negotiating tactic, even though they will politely agree with you. Professional representation costs you $0, why would you fend for yourself, in a market you know almost nothing about? Buyers know less than 20% of what they actually need to know, to get a great deal. Having gone through the new home buying process hundreds of times with clients, we know all the pitfalls to avoid, and how to make the process go smoothly. Do not go it alone, get professional representation, it costs you $0. Not doing this is the most costly of the 3 mistakes. But everyone has heard the old saying, you can lead a horse to water. We are in the business of helping our customers solve a problem. Our ability to do that, is the sole reason we have a thriving business. We are here to help you through the entire process, and get a great deal.

4 Big Mistakes Investors make:
  1. INCOME... ContinuedThe rental income does not justify the $/sq. ft. purchase price.
  2. EXPENSES... Continued The monthly expenses are too high, relative to the property type and rental income produced.
  3. CAP RATE... Continued The capitalization rate is too low to justify the investment.
  4. HOA REGS... Continued The home owners association regulations are too restrictive, or do not permit the intended use. Frequently overlooked or glossed over by some sales people, the long run financial consequences are catastrophic if a mismatch occurs.
Avoid Costly $$$ Mistakes: Hire Brent. Costs you $0.