Venice Bits

Fannie Mae, Freddie Mac will decrease the Federal Housing Administration (FHA) loan limits beginning  on Oct. 1.   The maximum home mortgage they’re willing to purchase  is  up to $417,000.  Areas affected are the Sarasota - Venice, Bradenton areas as our limits were last $442,500.  Three other affected Florida areas are Fort Lauderdale-Pompano Beach-Deerfield Beach,  Naples-Marco Island and Miami-Miami Beach. Two cities unaffected are Naples, Marco Island loan limit  will be $448,500, while Key West-Marathon will be $529,000.  Many lenders have already started enforcing the new limits.

Interesting story:  The founder and former chief officer of ForSalebyOwner.com, Colby Sambrotto selected the assistance of a real estate broker to help sell his 2,000-square-foot, two bedroom New York apartment after it sat on the market for six months.  The condo sold for $150,000 over the originally asking price with the Realtors assistance.   


For my "green" friends there is a new label premiering  for appliances "Most Efficient" labels. In the past the Energy Star Program has been permitted many home appliances to carry a energy efficient label.  The "Most Efficient" label will be given to the top 5 % of energy efficient appliances, per the EPA and Dept. of Energy. For a list of those products go to energystar.gov/mostefficient.


Posted by Alice Salaices on September 14th, 2011 5:05 PMPost a Comment (1)

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