Read here for tips and ways to make money by investing in real estate in the Sarasota area.
Found 31 blog entries about Real Estate Investing.
Sarasota and Manatee Counties Seeing Growth in Housing Market
Sarasota and Manatee counties continue to see strong growth in the local housing market - a good sign for the local economy and anyone who owns or would like to invest in Sarasota real estate. The August 2017 report, compiled from data provided by My Florida Regional Multiple Listing Service, showed positive trends in almost all categories. Here is a breakdown of the report and what it means for the two-county area.
Higher Closed Sales
The number of closed sales of single-family homes in Sarasota and Manatee counties was 6.9 percent higher in August 2017 when compared to August 2016. Closed sales for condos were up too, though only slightly at 0.8 percent. For the month,…
Still Great Opportunities For Buyers and Sellers
Whether you’re looking to buy or sell your home, the Sarasota Florida real estate market offered excellent opportunities in July 2017. For home-buyers, the good news came in the form of an increase in the number of homes and condos on the market in July. This jump in available properties provided ample inventory for house hunters.
The region also saw an increase in the median time between a home’s listing and its final contracted sale, giving home-buyers a more relaxed pace for making their home and condo purchase decisions.
There was good news for home sellers, too. According to My Florida Regional Multiple Listing Service, Sarasota Florida real estate saw an increase in the number of
A Shift in the Market
There has been a significant shift in the market that is garnering the attention of investors and analysts. The June 2017 statistics reflect a rather healthy increase in available inventory as well as the median sales price and the median contract.
The data also shows that pending sales have increased and closed sales have decreased over the same time last year for the combined two county area, according to the My Florida Regional Multiple Listing Service. The longtime data gathering firm compiles data monthly and compares it to last year to better serve Realtors and potential buyers and sellers about the market.
Why is it important to know what’s happening in the industry on a local level? They give you a window
Siesta Key is one of Florida’s hottest markets for investment properties and it’s no wonder why. Between the beautiful beaches, world-class golf, and boutique shops, the area has a thriving tourism sector that dominates the economy of this quaint coastal town. But it’s important to note that not all investment properties are the same.
Here’s what to look for if you’re on the hunt for a great rental property in Siesta Key:
It’s all about location.
When people are looking for a place to rent in Siesta Key, they’re usually after one of two things: walking distance to the beach or somewhere with boat storage and access. Even condos located just a block away can have a harder attracting renters than those located on the beach, so location is…
Beachfront properties are a desirable commodity that much is for sure. As with most real estate options in high demand, the price for a waterfront property can typically range from $400,000 to a million, depending on the size and location. With those kinds of prices, it’s easy to see why waterfront properties are so exclusive.
However, what if you could snag a beachfront bargain at a much lower cost than typical Siesta Key properties? Here are some tips and tricks to get the most bang for your buck when searching for a beachfront property in Siesta Key, FL.
Look for the Unexpected
Most buyers looking for waterfront properties in Siesta Key are looking for condos or houses along the coast of the Gulf of Mexico. These are the properties that go…
Everyone dreams of owning a beautiful piece of property at some point in his or her life. For many, this achievement comes after years of saving and determination to make this dream come to fruition. When it’s finally time to buy the vacation property you’ve always envisioned, here are a few things to consider before you begin your search:
Think About What You Want In A Vacation Residence
When you think about your vacation home, do you envision it as a getaway from your everyday life? Or is it more of a gathering space for your friends and family? Will it be just for you, or do you hope to rent it out while you’re away? All of these questions are important to consider prior to your search because they’ll help you identify what kind of property…
Before you even start looking for a home, it’s important to get your finances in order. Buying a home is going to be one of the largest financial investments you’ll ever make, after all! Not only will this financially prepare you for homeownership, but it can speed up the entire home buying process, and let sellers know that you're a serious prospective buyer.
Step 1: Follow a Budget
If you don’t already have one, we highly recommend setting and following a budget. You can create a simple spreadsheet, or choose from one of many free templates available online. Not only does this allow you to assess your current financial situation, but it also allows you to plan for your new home expenses.
Factor in your income and estimate your expenses. Some of…
2015 was a record-breaking year for the Manatee and Sarasota real estate market!
Both counties recorded the highest number of closed sales in the RASM's history, with an overall total of 20,691 homes sold; 1,302 more closed sales than what was achieved in 2014.
Manatee & Sarasota Home Sale Prices & Closes
In December 2015, sales in both counties totaled 1,671, an increase of 28% compared to November, though sales for December 2014 were higher than 2015. Notably, median prices increased across both counties. In Sarasota, single family home prices increased 23% from last December to hit a median sales price of $239,900. In Manatee, prices grew by 12% to reach a median sales price of $262,963. Sarasota enjoyed opportune times as its condo…
Sarasota & Manatee Real Estate Markets Soar Past Records
The local real estate association, The Realtor® Association of Sarasota and Manatee, is well on its way to surpassing all sales records in its history. Combined sales in Sarasota and Manatee counties surpassed 19,389 in 2014. This November, the chapter has already completed 19,020 transactions. With one month to go before the end of the year, and an average of 1000 monthly closings, the group is certain to surpass last year’s record-breaking sales!
Increased Closed Sales & Sales Prices
Real estate sales in Sarasota and Manatee were around 2.6% higher than last November's closing numbers. While there was a decline in sales for both Sarasota and Manatee counties, this is common for this time…