Although the luxury single family home market ($1M+ homes) is much better balanced this year than last, it is still a strong buyer’s market in both Manatee and Sarasota counties. Markets are generally considered in “balance” when there is about six months of inventory for sale at the current pace of home sales. When the inventory gets greater than that, buyers tend to have more leverage than sellers in negotiations.
Category: Home Buying
I have been through several new developments lately, and this one really caught my eye. As Lakewood Ranch is heading south into Sarasota County, it is presenting new communities for us to discover. Entering this community, I immediately saw why it is special. You get immediate views of the two main lakes, with over 144 acres of water. The views from your lanai will be simply amazing.
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5 Don’ts of Home Buying
Whether you are buying your first home or your last home, there are several things you will do right and some things that you may get wrong. One of our jobs is to help minimize the things that you may get wrong. Here are some tips for making sure the next home you buy is a sound investment for you and your family.
Home prices in the United States rose an average of 6.6% last year. That rate is simply unsustainable. While CoreLogic is predicting that home prices rise again in the next 12 months, that rise is expected to be 4.8%, or slower than last year. So, what about prices in Florida?
Purchasing a newly constructed home is more complicated than buying an existing home. Accordingly, it is often more important to hire a real estate agent with a new home purchase than it is with an existing home. That said, make sure that any agent you hire has experience with new construction, as builder contracts and the building process are different from what most real estate agents normally deal with.