| The United States real estate market is growing faster | | | | Prices of Sarasota real estate in its pre-construction |
| then ever before. Sarasota has become a | | | | stage are significantly lower and more affordable to |
| pre-construction real estate hot spot. Pre-construction | | | | the investor. Pre-construction sale has shown a |
| is the most profitable phase of investment in real | | | | significant increase over the years and continues to |
| estate. New construction offers a wider choice of | | | | grow. Investors have the advantage of not having to |
| location and layout, with the most desirable finance | | | | pay any local and state taxes for many years. |
| options. Pre-construction is considered a healthy | | | | Pre-construction deals are usually not advertised in the |
| investment, making investors wealthy beyond their | | | | initial stages. Deals are mostly brokered via a network |
| wildest dreams. Investors in pre-construction real | | | | of estate agents who sell directly on behalf of the |
| estate are willing to take bigger risks for a chance to | | | | developers. Brokers reserve a number of units for |
| make huge profits. | | | | their top clientele. The second stage of construction |
| Sarasota has for long been an upper class vacation | | | | brings on a 10% increase in price. On selection of a |
| destination with its pristine white beaches, exciting | | | | property, an investor pays a deposit of around 10% of |
| nightlife, 5 star restaurants and hotels, and its interesting | | | | the purchase price. An additional 10% is usually paid |
| mix of cultures. The Sarasota pre-construction market | | | | within the next three months. Investors are able to sell |
| has witnessed a boom in the last few years. There | | | | their units within a year at a profit of 20% or more. |
| are downtown condos, beachfront high-rise condos, | | | | The increasing interest in Real Estate investment trusts |
| single-family residences and mansions under | | | | shows that real estate investment return is becoming |
| development. Sarasota is a sellers market and most | | | | an important part of a Sarasota investor's investment |
| properties remain on the market only for small period. | | | | portfolio. |