The Anna Maria Island Sun Newspaper

Vol. 15 No. 19 - March 4, 2015

REAL ESTATE

Going on a date with a house

 

You wouldn’t think about buying a car without a test drive, and you wouldn’t think about buying a boat without trying it out on the water. But we have no problem buying what is probably the biggest purchase of our lives without testing it first. So what’s wrong with this picture?

Recently I’ve stumbled across several articles about buyers trying out a home before they purchase. The little light bulb that went off in my head told me to do a little research into what to me should be a pretty obvious practice, but isn’t.

On Anna Maria Island there are tons of opportunities to try out the area because of the multitude of rentals, and many people traditionally rent before relocating. But renting a nearby property still doesn’t give you the exact feel for a house you may really want to buy. You may get a feel for the neighbor and even the street, but it’s not the same as spending a couple of nights listening to the unique sounds that every home has.

However, most homeowners would not consider allowing perfect strangers to stay in their home, and although there has been a lot written about it, in reality it’s not happening. Never-the-less, sellers with hard to sell homes, second homes or unique and historic homes should consider this option.

Not only will it give buyers a sense that you have real confidence in your home, but it will also give them a real time experience and the ability to try out the appliances, sound and TV systems, water pressure and even give them the opportunity to meet the neighbors.

Toll Brothers, one of the country’s largest home builders, has a Fly & Buy program for buyers who want to travel to a new town to check it out. If they go forward and purchase, the travel costs can then be put toward the purchase price. And a high end resort in Maui also has a promotion to allow prospective buyers to rent their condos with the understanding that if they ultimately purchase, the cost of their stay can be applied to the purchase.

Even HGTV is getting into the act with a show called “Sleep On It” which explores the idea of potential buyers sleeping in two homes with the seller’s approval before deciding which one to buy.

If this is an idea you are interested in perusing, the potential candidates would have to be vetted by your real estate agent, and they also must convince you that they are very serious about your home. A check with your homeowner’s insurance carrier would be in order, and I think I would also ask for some good faith money to be applied to a purchase contract or to be returned pending inspection of the property after the buyers left.

I also had another thought that would be a perfect fit on Anna Maria. It’s not uncommon for sellers to offer bonuses to selling agents in an effort to get more buyers into their property. Why not offer a bonus to buyers in the form of a two night stay on the Island in a resort or rental condo to prospective buyers as an inducement to consider your home?

Again, if they end up purchasing your property you pay the rental fee, and if they don’t, they pay. It could be a good little investment on your part and could push buyers who might be considering your home across the finish line.

There aren’t any tires on a house to kick, but there are plenty of systems to be tested and comfort zones to be satisfied. Invite someone to date your house it could end up being the best date you ever had.

Real Estate Transactions
November 2014

Sponsored by Alan Galletto Island Real Estate

Sold Date | List Price | Sold Price | Address | Provision | Property Style

Anna Maria

01/16/2015 439,000 400,000 407 Spring Ave 1192 50x150 2 Br/1.5 Ba SFR
01/22/2015 999,000 932,500 521 Magnolia Ave 2818 75x115 5 Br/3Ba SFR
01/30/2015 1,495,000 1,290,000 111 Maple Ave 2800 100x100 5 Br/4 Ba SFR
01/15/2015 260,000 250,000 522 Pine Ave 2D 822 2 Br/1Ba SFR
01/30/2015 1,250,000 1,000,000 201 S Bay Blvd 3940 50X181 7 Br/5Ba SFR

Bradenton Beach

01/09/2015 484,000 425,000 1435 Gulf Dr N # 25 1524 3 Br/1.5 Ba Condo
01/15/2015 330,000 325,050 1001 Gulf DR S # 1 896 2 Br/1 Ba Condo
01/28/2015 375,000 375,000 1007 Gulf Dr N # 214 1259 2 Br/2.5 Ba Condo
01/30/2015 489,900 465,000 1800 Gulf Dr N # 213 952 2 Br/1.5 Ba Condo
01/02/2015 599,900 580,000 301 17th # 15 1722 3 Br/2.5 Ba Condo

Holmes Beach

01/15/2015 449,900 415,000 503 59Th St 1066 2 Br/2 Ba SFR
01/21/2015 494,000 455,000 7214 Holmes Blvd 1900 3 Br/3 Ba SFR
01/23/2015 509,900 469,900 509 65th St 1852 3 Br/3 Ba SFR, Bank Owned
01/30/2015 495,000 475,000 508 74th St 1584 3 Br/2 Ba SFR
01/16/2015 550,000 510,000 214 S Harbor Dr 1603 3 Br/3 Ba SFR Bank Owned
01/16/2015 559,000 525,000 217 N Harbor Dr 1716 60X110 3 Br/2 Ba SFR
01/16/2015 649,900 615,000 212 N Harbor Dr 2456 4 Br/3 Ba SFR
01/30/2015 674,900 655,000 507 75th St 1845 90X117 3 Br/3 Ba SFR
01/06/2015 824,000 796,000 211 65th St HB 2184 3 Br/2.5 Ba SFR
01/07/2015 799,900 800,000 415 Clark Dr HB 2571 3 Br/2 x 1.5 Ba SFR
01/23/2015 895,000 835,000 208 77th St HB 2700 4 Br/4 Ba SFR
01/26/2015 279,999 250,000 3701 E Bay Dr # 8 1544 2 Br/3 Ba Condo
01/05/2015 449,900 436,000 3802 6th Ave 3802 1725 3 Br/2 Ba Condo
01/30/2015 1,049,000 989,000 6700 Gulf Dr # 3 1513 3 Br/2 Ba Condo
1/23/2015 1,599,000 1,500,000 6430 Gulf Dr 1 3192 4 Br/4 Ba Condo
01/09/2015 589,000 551,500 4103 Gulf Dr 3458 50X100 Duplex, Bank Owned
01/19/2015 385,000 325,000 5710 Carissa St 57 X 105 Duplex
01/09/2015 474,900 450,000 306 Clark Dr # A & B 2080 100X100 4 Br/4 Ba Duplex
01/23/2015 200,000 175,500 440 62nd St 1176 2 Br/2 Ba Duplex, Bank Owned
01/13/2015 274,900 250,000 449 63rd St 958 2 Br/2 Ba Half-Duplex
01/26/2015 519,900 419,000 210 75th St 78x90 Lot
01/20/2015 369,000 300,000 212 82nd St 2536 90X90 Lot

Source: Mid Florida Multiple Listing Service


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