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Why Buy Now?
"I was seldom able to see an opportunity until it had ceased to be one" - Mark Twain
"Be fearful when others are greedy, and be greedy when others are fearful" - Warren Buffet
"There's no place like home" - Dorothy
Selling a home several years ago was easy. Homes sold fast and for top dollar. Buyers were competing with each other, which sent prices sky-high. It was a fabulous Seller's market.
Then everything changed . . . dramatically. Sellers had to compete with each other to get their homes sold, the inventory of unsold homes shot up, sending prices downward in one of the worst real estate markets in decades. You could say that it was a fabulous Buyer's market.
But the market is changing again- sales are increasing, bringing inventory down; prices have stabilized and are actually starting to move up again. Keep in mind that real estate markets are cyclical. Great Seller markets turn into great Buyer markets, and sooner or later they turn back into great Seller markets again. And we are moving in that direction.
So Why Should You Buy Now?
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This is a once-in-a-lifetime real estate market, but it won't last
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There is an amazing selection of homes available at prices last seen 10 years ago!
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Current sales are up 29 percent, and prices are up 5% from one year ago
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The inventory of homes currently for sale is now at the level we saw three years ago
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The amount of time it takes to sell a home has declined from 26 months to 9 months (anything below 6 months indicates a return to a Sellers market)
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Pending sales are up 37 percent from one year ago
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Interest rates are still at record lows
The economic recovery is under way, and we are quickly returning to a more normal real estate market. If you are in a position to buy, don't miss this opportunity, or you will find yourself saying " I should have bought when prices and interest rates were so low".
Take advantage of this opportunity before it ceases to be one!
Why buy in Sarasota? Sarasota has been one of the strongest markets in Florida over the last three years. The reason? Sarasota is rich culturally, geographically and environmentally, making it a prime destination of choice for families and businesses alike. Simply stated, Sarasota is a wonderful place to live, and that makes it a wonderful place to invest. Make it an investment in the future - your future!
Need more information? Here are some additional stats about FLorida:
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An analysis of demographic data indicates Florida enjoyed a net population growth of 350,000 each year from 2000 to 2006. That includes about 203,000 people who moved to Florida from other states, about 107,000 migrants from foreign countries and about 47,000 from natural increase (total births minus total deaths) said economist Hank Fishkind, president of Fishkind & Associates in Orlando.
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Florida has been one of the top ten fastest growing states for seven decades in a row, exceeding the U.S. average by 100 percent since 1970.
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In fact, the U.S. Census Bureau projects that in 2010 Florida will surpass New York and become the nation's third most populous state. By 2030, the Census Bureau projects the state’s population will reach 28.6 million, an increase of 12.7 million since 2000.
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Florida's favorable climate, beautiful beaches, outstanding recreational amenities . . . and no state income tax will continue to attract people to this state. Florida is one of the most popular places to live, and that makes it a great place to invest.
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