Better News for Sarasota Real Estate Market

Real Estate Stabilizing in Sarasota

Back in forth conversation daily on CNBC and in newspapers around the country about the subprime crisis and its broad impact on the US economy can be read or heard every day. Short sales are becoming normal as sellers who need to sell due to a relocation, etc. market their homes for sale. The Sarasota MLS even has a new rule in place of short sale/foreclosure searches. Real estate sales are challenging.

Some economists and forecasters are starting to mention that the market in some areas shows signs of stabilizing. In Sarasota, buyers are definitely coming back into the market. It is likely that the Miami real estate market will take longer to recover, but South West Florida, particularly Sarasota is a special community. Buyers still watch this area and look for the dips. Don't miss the dip!

Sellers of Sarasota Real Estate May Offer Buyer Incentives

Sarasota Home Buyers Doing Well on More Than Lowered Prices

If you need to sell your home and can't wait for the Sarasota real estate market to make its turn, consider enticing buyers with incentives.

Some sellers need to relocate due to a job placement. Elderly homeowners need to move closer to their kids due to illness. There are many reasons why a seller might be very motivated to move on with their life. Thus, buyers can now capitalize on more than price reductions. Home builders started offering incentives first, now homeowners are doing the same. Ask for the moon if you are buying, but get off the fence and take a look at the "pick'ns"

In downtown Sarasota, our showing schedule this week included one waterfront condo listed for $545,000 with a full bay view. The unit has marble floors, two bedrooms and two baths, open kitchen with stainless steel appliances, a balcony overlooking downtown and the bay in one of downtown's newest buildings. Walk to the bookstore across the street, stroll down to First Watch for breakfast or get a quick cub of java at Starbuck's. Shop for groceries at Whole Foods. Everything is within walking distance. Prices are down, interest rates remain at historic lows, and many sellers in downtown Sarasota are dealing.

If you are thinking of buying a condo in Sarasota, Florida in this cultural waterfront community, contact Annette Smith for listings in the Sarasota MLS. Email Annette for an appointment to view properties for sale or give us at call at 941-504-3922.