Are you still waiting to buy? Before you answer, consider this:
* 1 BR condo, furnished, walking distance to Sarasota's vibrant downtown $83,000
* 2 BR Villa , garage, huge screened lanai, hardwood floors, new kitchen - $153,000
* 2 Br built in 2002, lake views, 3 miles to beach, turnkey with top of the line furniture - $199,900
These are all deals that I secured for my customers within the last 4 weeks. Sounds great, doesn't it? But you are still reluctant because you think the prices might drop more?
I don't really know when the prices will stop dropping. But I DO know when they will begin RISING. The simple answer is, when people start buying, the prices will rise. By the time the media tells you there is a recovery, its too late to get the best deals - the prices are already on the rise. As evidenced by the above, the Buyers ARE here. If you are looking for a long-term investment, retirement home or any property you plan on holding, it is a fantastic time to buy. Will prices go down? Possibly. In the longer term, will they go up? Absolutely. With Sarasota on track to be one of the most affluent cities in the Southeast, not to mention the recipient of virtually every award for growth and quality of life- we are positioned for a healthy recovery. Don't get caught wishing you had purchased when the prices were lower...Regina Brassil, REALTOR. All opinions are solely those of the author.
Saturday, August 25, 2007
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