Low
Interest Rates
THAT WAS THEN
In the summer of
2003, interest rates for a 30-year fixed
rate mortgage were at a 30-year low.
As the market heated up, there was an
overall increase in interest rates over
the next three years.
THIS IS NOW
Despite recent increases in mortgage
interest rates, they are still near
historic lows.
THE OPPORTUNITY
As the market heats up again, interest
rates may be on the rise. Locking in
a low interest rate now, will save
you money on the purchase of your home.
Home Inventory
THAT WAS THEN
From 2003 to 2005, there was a dramatic
increase in demand for real estate
in Sarasota. With more buyers chasing
fewer properties, buyers were often
forced to make quick decisions, compromises,
and sometimes had to pay higher than
the asking price.
THIS IS NOW
With a large inventory of available homes,
the buyer has many more options. The
buyer can now take more time, see more
homes and find the home they really
want, often at a great price and with
great incentives.
THE OPPORTUNITY
While there is
still a large selection of homes, more
buyers are entering the market and the
current inventory is begining to drop.
As the number of available homes diminishes,
the buyer soon will have fewer options
and less flexibility. The time is NOW
to find the home you want.
Incredible Values
THAT WAS THEN
Between 2004 and 2005, home prices in
Sarasota increased by over 40%. With
double digit increases in nearly every
quarter, there was no such thing as
a bargain in Sarasota real estate.
THIS IS NOW
In 2007, sellers
have adjusted prices to reflect the market. There
are incredible values currently on the
market.
THE OPPORTUNITY
Historically, real
estate prices in Sarasota have risen
over the long term. While there is never
a bad time to buy, some times are better
than others. Now is that time. Prices
appear to have bottomed out.
Find your bargain now before the great
values disappear.
Ideally, Sarasota
THAT WAS THEN
Sarasota has always been a destination
city. The timeless allure of great
weather, beautiful beaches, and culturally
rich lifestyle have brought people
from all over the world to this gem
of a city on the west coast of Florida.
THIS IS NOW
With one of the top school systems in
the country, a thriving economy, and
amenities not found in cities double
its size, Sarasota continues to shine.
THE OPPORTUNITY
With 75 million baby boomers set to retire
in the next 10 years, many will certainly
want to make Sarasota their new home.
This creates an enormous opportunity
for property values in the area. It
is always a good time to buy in a city
that never loses it's appeal. Right
place. Right Now.
Imagine
THAT WAS THEN
Imagine if you
would have known 10 years ago what you
know now. Did you think that prices were
too high in 1997, 1987, or 1977? In hindsight,
you woulda, coulda, shoulda bought that
home.
THIS IS NOW
With the large inventory of available
homes and the best prices since 2002,
the opportunity to find the home you
want at a great price is now. It is
the right place, right time, and right
price.
THE OPPORTUNITY
How long will this
opportunity be here? Data for the first
quarter, 2007 shows an increase in sales
and stability in prices, with a slight
decrease in inventory. Don't wish you
had, be glad you did.