LAKEWOOD RANCH CELEBRATES 5th YEAR AS BEST-SELLING ALL-AGES COMMUNITY IN U.S.

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Lakewood Ranch is once again the top-selling multi-generational community in the nation with 1,026 sales so far this year, according to RCLCO’s semiannual Top 50 Master-Planned Communities report. The Villages active-adult community in Central Florida was first place overall with an estimated 1,500 sales year to date and Silverado in Dallas came in a distant third place with 599 sales. Florida leads the nation in MPC performance, representing 36% of all sales among ranked communities; Texas was close behind with 34%.

Lakewood Ranch has been a perennial top performer because it embodies the principles of a strong community. “With each new phase we continue to integrate our hallmark features including parks, trails, schools, shopping, dining, job centers, healthcare, and day-to-day conveniences,” said Laura Cole, Senior Vice President of Lakewood Ranch. “Our multigenerational appeal and lifestyle offerings continue to be a strong draw and we anticipate that buyers who have been sidelined in the inventory crunch will reemerge as conditions stabilize a bit and as supply-chain pressures on builders ease,” she added.

The Ranch’s location and regional attractions are also a major driver of sales. The Sarasota-Bradenton area has continued to rank at the top of “where to live” lists due to the extremely high quality of life, a dynamic downtown, vast arts offerings, excellent beaches, winning sports teams, top-rated schools, and top-notch health care offerings. “Southwest Florida is one of the most desirable relocation markets in the country,” remarked Cole, “and Lakewood Ranch offers newcomers an incredible lifestyle and strong sense of community within it.”

RCLCO has been ranking master-planned communities since 1994; for more information, visit www.rclco.com

Lakewood Ranch is the 33,000+-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 57,000 residents and features A-rated schools, a hospital, the Sarasota Polo Club, the 75-acre Premier Sports Campus, its own Main Street, a new lakefront Town Center (Waterside Place) with shopping and dining. The Ranch also is a job center with more than four million square feet of commercial property. 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.