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whats going on with foreclosures in sarasota

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whats going on with foreclosures in sarasota

Posted on March 8, 2018 in Uncategorized

WHAT’S GOING ON WITH FORECLOSURES IN SARASOTA?

 

Sarasota, Florida provides an ideal lifestyle for a variety of home buyers. Whether you‘re seeking to purchase a home within a value-oriented neighborhood, a retirement community or a great school district, Sarasota has a large selection of affordable properties. In fact, many families are able to buy Sarasota foreclosures that are priced well below comparable home styles.

Living in Sarasota, Florida

If you enjoy sunny days throughout the year, walking on the beach or playing golf, Sarasota, Florida has many local activities that you might enjoy. Popular communities such as Bradenton and University Park are considered hot places to buy a new home or a Sarasota foreclosure.

Buying a home in Sarasota, Florida could be a great idea for newlyweds, growing families, retirees and for young professionals. Whether, you want to view amazing cultural activities, participate in annual festivals or to relax in a local country club, an enviable lifestyle awaits you in Sarasota, Florida.

According to a recent MarketWatch report, Sarasota, Florida was ranked second among the 10 best U.S. cities for retirement.

Amenities for home buyers in Sarasota, Florida

While home buyers in Sarasota, Florida have access to many perks, you’ll notice that certain amenities will vary among communities. For instance, the following communities include an array of popular features.

As a master-planned community, Lakewood Ranch is a development that features a clubhouse, upscale restaurants, a swimming pool and a fitness center. Another planned community on the Sarasota area is Palmer Ranch. Homeowners in Palmer Ranch have access to bike trails, country clubs, canoeing, tennis and plenty of walking paths.

University Park offers world-class amenities for its residents such as crochet, yoga, aerobics, casual dining, golf and beautiful lakes.

Benefits of Buying Sarasota Foreclosures

While foreclosures generally represent a financial tragedy for previous homeowners, prospective buyers have unprecedented opportunities to purchase bank owned properties below customary market prices.

A recent report from the Herald Tribune revealed that Sarasota had nearly a 50 percent reduction in foreclosures at the close of 2014 versus the numbers that were tallied in 2013. However, Sarasota foreclosures still outpace many cities within the United States.

Buying a foreclosure has many benefits for first-time home buyers, retirees and investors. Attractive foreclosure pricing could enable you to build equity faster as compared with buying a similar home at the fair market value. Reduced price points on bank owned homes in Sarasota will often result in a smaller down payment, less money for closing costs and a lower mortgage payment too.

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Adrian Lozano

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