I know, the title sounds a bit pushy. Throughout my real estate career, I have resisted the "used car salesman" approach to sales. I have always adopted the policy that if I simply show Siesta Key, people will buy without the hard sell. But over the last 18-24 months, as has been the case around the country, the Siesta Key market has slowed considerably. While prices dropped, buyers waited to see just how low they would go. Many still wait.
But many buyers are buying. Which means one thing. As soon as enough buyers buy, prices will not go lower. As soon as inventory begins to level off, the deals will be gone.
Last week, the Sarasota Board of Realtors announced that February 2008 was our best month in years, with Sarasota/Siesta Key sales up 28%...BUYERS ARE BUYING.
There are still deals on the Key. But the GREAT deals are disappearing to savvy buyers and investors. For those looking to purchase their retirement home in the next 5 years, now is the time. For those who always dreamed of a condo the beach, now is the time. If you havent looked at the prices lately, you will be floored. But this isn't going to last.
Siesta Key has the added bonus of having a huge tourist influx every year. During season, you can get substantial cash by renting out your home. Many have experienced that money being enough to pay for the expenses of the home for the rest of the year.
Have dreams of the beach? Take another look at Siesta Key and grab your dream before the opportunity is no more...
Regina Brassil is an exclusive Buyer Agent in Sarasota and Siesta Key, Florida.
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