On a Personal Note
Dear Friends & Clients,
Real estate is so Personal. Real people, Real opportunities, Real issues, Real day to decisions and Real lifetime decisions.
With a BA in Psychology and Art History, MBA in Marketing and Finance, and Banking background, I use those tools combined with 37 years as a licensed Realtor in Sarasota/Manatee to help my clients reach their goals, while always keeping in mind the very personal aspect of the business.
My Team, Kelly and Daniel and Amy, bring their own business, marketing, entrepreneurial, communication, photography, culinary, and organizational skills, plus energy, positivity, and yes their younger perspective and very own personal approach to each transaction.
This is not an easy business. We review each individual situation and property and I can proudly say go the extra mile to achieve success. Big and small transactions receive the same high level of expertise and attention to every detail. Purchasing a primary residence, secondary residence, home for your kids, home for your cars, home for your boat. Selling your home to upsize, downsize, move closer to family...we do it all and are here to help.
My On a Personal Note is co-authored this month as each of us share stories from 2024 of going the extra mile on the following page... this is just a glimpse of a few transactions and their special nuances:
LENORE: Recently a client of mine was focused on a 2nd home with water access for their boat...the search was far and wide visiting many homes on the Mainland, Siesta and Longboat Key...I could see that within their price range and their home wish list, those areas were not going to work... I called them and literally said “I am going
to lock you in my car and take you to Lakewood Ranch as this is really the area that will be right for you”... they trusted me to guide them and loved the options in LWR and are currently building their wonderful home, which will be home to their boat too!
A few of my other favorite going the extra mile moments:
While Sellers are up North I am arranging for vendors to replace wood floors and stage their condo. I represented a buyer in a needle-in-a-haystack purchase as he really wanted a home for his 6 cars while still providing guests with a place to stay, requiring zoning reviews and Association negotiations.I negotiated the purchase of a home with a solar panel lease which created its own specific challenges that needed to be overcome. Bringing groceries to clients after surgery ( happy to help!)
KELLY: I had the pleasure to work with a lovely family relocating to Florida who were referred to me by a mutual friend. From our first phone conversation, we connected not over the real estate transaction, but as moms who want the best for our children. An authentic, personal connection was immediately established. Fairly early on, they honed in on the family-friendly West of Trail neighborhood, The Landings, which checked all of their boxes. From writing a sight unseen offer, to managing the negotiation & inspection process, helping to get acclimated with the Sarasota area, local school options, extracurricular activities for their children and navigating through the challenges that inevitably come with a home purchase and ultimately closing on a home when far away, that personal connection was the common thread that held strong throughout the transaction and beyond. I’m happy to be able to say that I remain close with all of my clients on a personal level that transcends transfer of real estate. The personal connection is what helps to grow trust, mutual respect and understanding and is undeniably the most critical and fulfilling part of my real estate journey!
DANIEL: This year, I have completed 5 boat storage-related transactions around Sarasota and currently have 4 slips available at Phillippi Harbor Club. If you’re not familiar, Phillippi Harbor Club is an indoor, hurricaneprotected boat storage facility located behind the Landings on Phillippi Creek, and it’s called a rackominium because each rack is owned like a condo. While I enjoy working with buyers and sellers of boat slips and racks, the best part has been the new connections and clients I have met through this unique segment of the local real estate market, reminding me that no sale is too small and that relationships are the most important part of what we do as Realtors!
AMY: Ensuring a positive first impression can make the difference between a quick sale at a desirable price and a property languishing on the market. For this particular property, we recommended painting the interior and front door, curb appeal enhancements, and a thorough cleaning before showings. We also provided light staging to showcase the property. As the sellers were currently not living in the area, the Team arranged and met with vendors to obtain quotes for painting, furniture removal, landscaping and cleaning. We also provided consistent updates via photos, texts, calls and facetime. One standout “extra mile” feature of this property is the Team’s extra effort in power washing the walkway and front entry before the photos of the property were taken.
Trust in the Treiman Team to help you in your real estate journey, in a very personal way!
– Lenore
Real Estate & Lifestyle News
WHY GIVING IS GOOD FOR YOU
https://www.sarasotamagazine.com/news-and-profiles/2024/09/beinggenerous-boosts-your-brain
SARASOTA’S BEST UNDER-THE-RADAR RESTAURANTS
https://www.sarasotamagazine.com/eat-and-drink/best-under-theradar-restaurants
PROJECT 24 CLIMBING SLATED TO BRING NEW ADVENTURES TO LAKEWOOD RANCH IN 2025
https://www.srqmagazine.com/articles/2065/New Heights
MINIMALIST BATHROOM IDEAS THAT PROVE THAT LESS IS MORE https://www.architecturaldigest.com/gallery/minimalist-bathrooms
1816 COQUINA DRIVE, SARASOTA, FL 34231
October: This Year’s Best Time to Buy
Although the 2024 homebuying season was relatively slow, this fall is poised to bring lower mortgage rates and more for-sale inventory, Realtor.com said.
SANTA CLARA, Calif. – Key market metrics including listing prices, inventory levels, new listings, time on market, homebuyer demand and price reductions indicate the week of September 29 - October 5 may be the best time to buy in 2024, Realtor.com said.
The company, in its sixth annual Best Time to Buy Report, said during this week, buyers could save over $14,000 compared to summer’s peak price on the median-priced home and could see as much as 37% more inventory than at the start of the year.
This week historically has shown the best balance of market conditions that favor buyers, the company said. Inventory tends to be high, prices are below peak levels, demand is waning, and pace of the market slows to a more manageable speed.
“Unlike the past few years, we are seeing ample for-sale inventory which could soak up any late-season demand in many markets, making the fall a great time to buy even if falling mortgage rates amp up more demand than is typical,” said Danielle Hale, chief economist, Realtor.com®. “This year, buyers who are looking for that optimum mix of ample options and the potential to save on list price are going to find some of the best market dynamics in years during the first week of October.”
Purchasing a home or making an offer
on a home this week may offer:
• Savings of more than $14,000 relative to the summer’s peak price of $445,000
• Up to 37% more active listings than at the start of the year
• More time to decide as homes are expected to stay on the market for more than two weeks longer, on average, than during this year’s peak
• Less competition with demand expected to be 29.5% lower than peak buying periods
“If the Best Week feels like it is approaching too quickly, buyers may be happy to hear that the following two weeks are the second- and third-best weeks to buy,” said Hannah Jones, senior economic research analyst, Realtor.com®. “These weeks boast many of the same benefits as the best week, but are just slightly less favorable due to falling new listing activity.”
Since 2018, Realtor.com® has analyzed home prices, inventory, listing views, and time on market, indicators that tend to follow regular seasonal patterns, to determine the best time to buy. Here’s how these factors breakdown during this unique window:
• Reduced listing prices: Nationally, the best week could mean roughly 50,000 homes seeing price reductions, based on inventory estimates. This weekly price reduction rate would translate to a monthly price reduced share of more than 22%.
• Increased listings to choose from: 2024 has diverged somewhat
compared to past years as sustained seller activity and tepid buyer demand have pushed inventory levels higher. If this trend continues, the first week in October may see active listings climb to their highest level since pre-pandemic.
• Less competition from other buyers: Home buyers shopping during the best week should expect less competition from other buyers. Historically, during the Best Week to Buy, demand is 29.5% lower than the peak, and 14.0% lower than the average week.
A more manageable market pace: The best week historically slowed by 34.8% compared to the peak pace earlier in the year. With a peak market pace of just 44 days in June, based on seasonal trends and a cooling market, the Best Week is expected to add more than two weeks to the market peak.
Jones added, “Buyers trying to close this fall should prepare now, and a great way to start is by saving a search, like you can do on Realtor.com®, to stay up to date on homes in their price range without the work of having to refresh or recreate their search.”
Methodology notes:
Realtor.com analyzed six supply and demand metrics at a national and metropolitan level that follow seasonal patterns, using data for 2018-2023 period (2020 data was omitted due to anomalies caused by the pandemic). Those metrics analyzed include: 1)
listing prices, 2) inventory levels, 3) new “fresh” listings, 4) time on market, 5) homebuyer demand (realtor.com views per property) and 6) price reductions. Interest rates, which do not follow seasonal patterns, were not included. To account for 2024 market conditions, estimates reflect typical seasonal patterns layered on top of the most recent 2024 weekly data.
Each week of the year was scored from 0 to 100 based on the number of active listings. A given week scored highly if it had more listings compared to other weeks of the year. The other metrics were scored in the same way, such that each week had six different scores for active listings, new listings, listing prices, days on market, price reductions, and views per property. (In the case of prices, lower prices score higher. Same with views per property).
Each week was then ranked by the average of those scores. The week with the highest composite score was considered the best time to buy. This week represents a balanced view of market conditions favorable for buyers.
Source: Realtor.com © 2024 Florida Realtors®
