All Forum Posts by: Rob Drum

📈 Listings still up significantly

📉 Sarasota prices down in March, but Manatee held stable

🏗️ Momentum in new home building

🔮 The crystal ball for interest rates

You’re welcome! 

In this video, I provide an update on the real estate market for Sarasota and Manatee County for February 2025. We’re seeing a 26% increase in active listings, but sales are down nearly 10% compared to last year. Prices are drifting lower, but days on market may be leveling out. I also discuss trends in rates and rental data for Bradenton, Sarasota, and North Port, Florida. I encourage you to subscribe to my channel and newsletter for ongoing updates. Let me know if there are specific stats you’d like me to cover.

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These are the year-over-year numbers for February on re-sales in Sarasota County. Softening for sure, but I wouldn't say crashing.

@Wynn Williams You could buy it subject to the existing mortgage, but I'm hearing about those due-on-sale clauses being exercised often now.

I would structure it as a lease with an option to buy. The strike price follows the declining principal balance of the underlying mortgage. The lease is written to mirror the payment on the underlying mortgage. You capture the paydown, appreciation, and low payment. Missing out on depreciation doesn't matter for now because you're living there. Secure your option with a mortgage in second position to block out your equity.

@Brent Richardson Welcome! BP is a great place to learn the business.

Hi Crystal. I’m a realtor in Bradenton, and have experience with AirBnb. I own one a little further south. We only manage long term, but I can refer you to a couple short term manager options. Dm me on here or send me a text!