To rent or to buy a home? If you are asking yourself this question right now, you are not alone. With rising rents as well as low home prices and interest rates, many renters are taking the plunge, and buying a home in Sarasota as well as around the nation.
Average apartment rents increased 2011 and are continuing to increase in 2012, according to Reis Inc., a real estate research firm. Â As a result, many experts believeÂ 2012 will be the first year since 2005 when the number of renters who opt to buy a home rises over the previous year.
By the end of 2011, the cost to rent an apartment was about 15% higher than the cost to own a home,Â according to housing analyst Nishu Sood, who believes that current marketÂ conditions are "overwhelming in the favor of buying now." Â However, not all markets are equal. In places where housing prices are extremely high (such as NYC), renting is still cheaper.
If you're ready to buy a home in Sarasota, call us atÂ True Sarasota Real EstateÂ (941) 918-1956. We areÂ Exclusive Buyer AgentsÂ who have helped home buyers and real estate investors all over the world discover and purchase the very best beach homes for sale, waterfront properties, luxury condos, estates, and more inÂ Sarasota, Florida.
William True, Sarasota Real Estate & Exclusive Buyers Broker
ABR, ABRM, AHWD, BPOR, BS, CIPS, CLHMS,Â CNHS, CRB, CRS, e-PRO, GREEN, GRI, RCC, RSPS, SFR, SRES, TRC
Licensed Sarasota Real Estate Broker,Â SarasotaÂ Notary Public
TRUE SARASOTA REAL ESTATE
Exclusive Buyers AgentsÂ -Â Sarasota, FL
7061 Tamiami Trail, Sarasota, FL 34231
1723 Colleen Street, Sarasota, FL 34231
(941) 918-1956 |Â firstname.lastname@example.org
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