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YOU CAN HAVE AN IDEAL LIFESTYLE IN SARASOTA

It is a good time to invest in Sarasota real estate since the median home sales price has recently decreased. For people who love warm weather, access to white sand beaches and the sight of turquoise hued waters, Sarasota is an ideal place to live.

Market Statistics and Trends

Home prices fell slightly by 2.6 percent, which comes to $5,700, when compared with the previous quarter. However, if you compare the market to last year’s numbers, overall prices increased by 12.5 percent. During the last five years, Sarasota’s real estate sales prices grew by 35.3 percent. Home inventory is solid as there are approximately 500 homes for sale. If you’re looking to buy a condo or townhome, then you can choose from around 300 different units in the area.

Best Places to Buy Real Estate in Sarasota

The best places to live in Sarasota include:

To live in a peaceful and secluded area, buy a Longboat Key home. While living on the island, you’ll be close to golf courses, tennis facilities and shopping districts.

If you prefer to reside in or among historic structures, then be sure to consider homes in the West of the Trail area. It is a walkable neighborhood that also has a convenient bus system.

Palmer Ranch & Lakewood Ranch are best for families. The community’s amenities include lush terrain, bike paths and hiking trails. Palmer Ranch is just 10 minutes from the beach.

Waterfront property is available on Bird Key. If you decide to live on the island, then you can join the Bird Key Yacht Club, which has a 42-slip marina. The club also hosts numerous boating events and races.

The Siesta Key island will give you a boating and beach lifestyle. Amenities include local marina, boat ramp and beaches.

A Few Last Thoughts

Sarasota is a place where you can have a sought after lifestyle. The community features the culture and amenities of big city life in a quaint town environment.

At BuyFloridaRealty.com we take great pride in offering all access to local MLS listings and market expertise. If you have any questions about the current real estate market, or are interested in viewing homes for sale, please contact us to speak with one of our agents.

WILL YOUR SPENDING HABITS CHANGE AFTER BUYING?

 

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Whether you are moving from a rental to your first home, buying a vacation or retirement home in Florida after living farther north, or just moving to a new Florida property, your spending habits are bound to change. To avoid having financial stress spoil the enjoyment of your new home, plan and save in advance for new spending patterns.

Transportation

If you are still working, the cost of your commute will change. Even if you are retired, you still need to factor in transportation to shopping and entertainment. Some of the ways to reduce transportation costs include:

  • Using Public Transit
  • Car Pooling
  • Electric Golf Carts
  • Walking or Bicycling

Insurance and Taxes

The costs of homeowner insurance, property taxes, and any condo or homeowner association fees vary depending on where you live. If your new home has a pool, you may need a larger liability policy. Do not wait for an end-of-the-year surprise; investigate tax and insurance costs before buying, and see if they can be included in your mortgage to simplify the payment process.

Repairs

No matter how new or how well-maintained your new home, repairs are inevitable. To avoid surprises, use the information from the home inspection you did before buying to start planning and saving for major repair expenses. Taking into account age and condition, estimate how long it will be before you need to repair or replace the big ticket items such as:

  • Roof
  • HVAC (heating and central air) system
  • Hot water heater
  • Major appliances

Lawn Care

If your new home has a bigger lawn or more elaborate landscaping, you may need a new lawn mower, or need to hire a lawn-care service. Watering may be more expensive as well. Florida’s year-round growing season increases lawn-care costs.

Utilities

The size and age of your house will affect your utility costs, especially during long hot summer days. Consider investing in an energy audit to see if you can reduce utility costs by adding extra insulation, planting shade trees, or changing your energy-use habits.

Recreation

Whether your home includes access to recreation facilities such as golf or tennis, or you need to invest in club membership, your spending patterns will change. If you play sports more frequently, you may need new equipment.

WHY IS SARASOTA REAL ESTATE ON FIRE IN 2015?

real-estate-market-on-fire

Sarasota real estate has been very “hot” for the last year. When other areas in the country have had a sluggish return from the housing crisis, Sarasota has been enjoying a good real estate market. Home values rebounded in this area faster than anywhere else in Florida, and demand for housing remains high.

So what makes Sarasota real estate so desirable? – Beach Living At An Affordable Price

Unlike other areas of Florida, like Ft. Lauderdale and Miami for example, Sarasota home and condo prices remain very reasonable. Beachfront properties on the East Coast of Florida often sell for four or five times the amount of the same size property in Sarasota.

Prosperous Area

Sarasota has remained prosperous, even during the recent recession. Working individuals feel more secure about their employment and opportunities in this area, driving the demand to live in a prosperous city.

Culture and Arts

The downtown area of Sarasota is filled with culture and art. The Opera House, live performance theaters, and many different museums and galleries can be found in this area. The downtown area is also well kept and perfect for strolling about and enjoying unique shops and eateries.

Wide Variety Of Properties to Choose

Whatever type of property you are looking for, you will find it in Sarasota. Single family homescondos of all sizes including penthouse size, beach front locations, golf communities, and even apartments of all sizes. This large variety of properties allows everyone to find exactly what they want for a home.

The Weather in Sarasota

Sarasota has beautiful weather almost all year long. Even winter is very mild and could be considered more like springtime. The warm breeze that comes off of the Gulf of Mexico has a slightly salty smell, making Sarasota have a very relaxing feel. Overall, it is a near perfect tropical paradise.

The Sarasota market will continue to be active. Home prices are very reasonable and interest rates continue to remain low.

These properties are also very desirable for those who are seeking a vacation home or a vacation rental property. Vacation rentals are big business in this area because Sarasota has become one of Florida’s most active vacation destinations. Some home buyers have even taken advantage of the rental trend and purchase a second home and rent it out during the time of year they are not in residence.

Overall, Sarasota is one of the best real estate markets in the country based on location, price, and amenities.

WHY SHOULD YOU USE A REAL ESTATE AGENT?

The decision to buy or sell a house is usually exciting. Whether an older couple wants to downgrade to a smaller home or two individuals who just got married are looking for a family house, new and thrilling changes are about to come into the picture. With all of this excitement, some people leap right into the process without considering the benefits of hiring a real estate agent.

Understanding the Current Market Climate

Whether you are buying or selling a house, you want to know what the market is like. Sitting down to discuss these issues with a real estate agent can lead you to an understanding of elements such as the following:

  • How quickly houses in the neighborhood are selling
  • What the current price of certain types of homes is in a particular community
  • How close to the appraisal price you might be able to get

All of these questions are crucial to a full scope of understanding.

Comprehending the Buying and Selling Process

Even if you know that you need to shop around for houses or that you should advertise your home through multiple channels, you may not understand every part of the process of every term associated with it. You are going to have to fill out paperwork and work on negotiations with the price. Parts such as these, and others, can be confusing for a person who has never dabbled in real estate, so having an agent to help you is useful.

Expediting the Process

Chances are, you don’t want to wait too long to move into your new house or sell your other one. When you are working with real estate agents, more channels are available than if you were attempting the project by yourself. On top of that, if you have already selected a real estate agent with whom to work, you do not need to worry about finding one later on in the process when you’re starting to feel overwhelmed. Simply understanding the terms and what you need to do next is often enough to move the process along more efficiently.

Exploring Multiple Avenues of Sales

When you are selling your house by yourself, you still have access to certain online tools and print advertisement techniques to get the word out there. Generally, however, real estate agents have more resources than you do. They may have access to websites that only those with a certain code or profession can use, and they will likely know excellent print avenues for getting the word out about your property to the target audience. They can also point you in the right direction of resources for looking up information such as school district rankings and crime reports.

Using a real estate agent helps you to have a stronger understanding of all the different steps involved in the home-buying and home-selling processes. Scheduling an appointment as soon as possible will help to alleviate some of the stress that buying and selling create.

WHY ARE LISTING PHOTOS SO IMPORTANT?

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Never before has real estate hunting been more exciting. Just a few short decades ago, new homeowners had to visit multiple locations or rely on grainy newspaper photos to help them determine if the listing was worth their pursuit. If you are in the market for a new Sarasota, FL home, you are at an advantage in our current day and age. You are just a few clicks away from access to thousands of listings to take into consideration, allowing you to take a virtual tour that would have been impossible in the past due to time constraints. When analyzing photos, there are a few things to look for to make the most out of the thousand words a picture can tell.

Kitchen and Bathroom

The kitchen and bathroom are the most highly-trafficked rooms in the home, and they add a lot to the overall value. If a listing fails to show pictures of these rooms in particular, this should raise a red flag. Call the realtor to request more information, and specify that you want to know if there is a reason why no picture was provided.

If the kitchen and bathroom pictures are provided in the listing, examine the rooms carefully for warning signs of water damage and other problems. Water spots, carpet stains, and wood decay are areas of concern that you should clear up before pursuing the property further.

Take a Step Outside

Sarasota is a beautiful part of the country, and there are so many aesthetically-pleasing scenes you can enjoy every day of the week. Therefore, listing photos should include multiple outdoor shots. After all, you don’t want to be confined inside the home of your dreams due to a backyard that is sub-par. Furthermore, if you have children or pets, these outdoor photos will give you an idea of the accommodations you can include such as a chain link fence or playground equipment.

Helping You Narrow Down

A picture has a lot to say, and, when you analyze them accordingly, you can save yourself a lot of time. Finding the right home should not be a speedy process. After all, this is where you plan to settle down and make precious memories with you and your loved ones. By reviewing pictures of multiple listings, you are better able to create a list of viable candidates to physically visit.

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