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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 five 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 found themselves competing with each other to get their homes sold. Demand slowed, so the inventory of unsold homes went up, sending prices downward in one of the worst real estate markets in decades- we had moved into a fabulous Buyers Market.
At the end of 2011, the market is changing again . . . for the better. Demand for homes in Sarasota/Bradenton is up, and the number of homes sold is up over the same month one year ago. As a result, the property inventory has dropped to 4525, down from 17,089 properties on the market in April 2007!
The estimated "days on the market", or time needed to sell has also declined: it now takes an estimated 7.1 months to sell a single family home, and 9.7 months to sell a condominium. The 6 month level is the point that represents equilibrium in the market- at this point there is more competition among buyers, and that can cause prices to escalate.
The Sarasota real estate market is demonstrating strength and resilience during these difficult times.
So Why Should You Buy Now?
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It doesn't snow in Sarasota
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Great Seller markets turn into great Buyer markets, and sooner or later they turn back into great Seller markets again
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This is a once-in-a-lifetime market- it appears that prices have bottomed out for the Sarasota area, and are going to start to go up this season
- If you plan to retire to Sarasota now or "some day" - take advantage of current prices, then watch your investment grow over the long term!
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History shows that those who are able to buy in down markets see fabulous returns once an economy recovers
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The market here continues to strengthen- inventory is declining, demand is increasing, and the current season promises to be the strongest market for home sales in 7 years.
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Interest rates are still at record lows!
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Take advantage of this opportunity before it ceases to be one
Why buy in Sarasota? Sarasota continues to be one of the strongest markets in Florida. 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 vacation, and that makes it a wonderful place to invest. Why not make it an investment in the future - your future!
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 in the country.
P.S. Our beaches are waiting for your footprints
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