Sarasota Pre-Construction Real Estate

The United States real estate market is growing faster then ever before. Sarasota has become a pre-construction real estate hot spot. Pre-construction is the most profitable phase of investment in real estate. New construction offers a wider choice of location and layout, with the most desirable finance options. Pre-construction is considered a healthy investment, making investors wealthy beyond their wildest dreams. Investors in pre-construction real estate are willing to take bigger risks for a chance to make huge profits.

Sarasota has for long been an upper class vacation destination with its pristine white beaches, exciting nightlife, 5 star restaurants and hotels, and its interesting mix of cultures. The Sarasota pre-construction market has witnessed a boom in the last few years. There are downtown condos, beachfront high-rise condos, single-family residences and mansions under development. Sarasota is a sellers market and most properties remain on the market only for small period.

Prices of Sarasota real estate in its pre-construction stage are significantly lower and more affordable to the investor. Pre-construction sale has shown a significant increase over the years and continues to grow. Investors have the advantage of not having to pay any local and state taxes for many years.

Pre-construction deals are usually not advertised in the initial stages. Deals are mostly brokered via a network of estate agents who sell directly on behalf of the developers. Brokers reserve a number of units for their top clientele. The second stage of construction brings on a 10{6a6f606e37cd9d9ea72282daca64070620822df4bee8779b5efb00ecd3f9b257} increase in price. On selection of a property, an investor pays a deposit of around 10{6a6f606e37cd9d9ea72282daca64070620822df4bee8779b5efb00ecd3f9b257} of the purchase price. An additional 10{6a6f606e37cd9d9ea72282daca64070620822df4bee8779b5efb00ecd3f9b257} is usually paid within the next three months. Investors are able to sell their units within a year at a profit of 20{6a6f606e37cd9d9ea72282daca64070620822df4bee8779b5efb00ecd3f9b257} or more.

The increasing interest in Real Estate investment trusts shows that real estate investment return is becoming an important part of a Sarasota investor’s investment portfolio.

Next Post

Double Sink Bathroom Vanities That Will Add Flavor To Your Home

So you and your spouse are both getting ready to move in to your new place. Or both of you may be thinking of getting some brand new double sink bathroom vanities. Whatever the reason, here are a few helpful tips to watch out for that will help you in […]

You May Like