Sarasota Real Estate Q & A Have a question? Let us know!
Q. Two homes on the same street have very different taxes. Why should I have to pay mre in taxes than my neighbor?
A. Although it appears the tax rate differs greatly, it does not. The discrepancy you see is in the assessed value of the home. When a homeowner "homesteads" their property, it receives a tax break off assessed value - it is also protected against large price (tax) increases during boom years. The lower tax amount is likely a homeowner who has owned his home since before the boom - when a new owner buys the property, the values will reset and equalize. For more, check out our blog.
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Q . "I see the value in the Sarasota market, but I can't help but wonder if I should wait to see if prices drop further?"
A. No one wants to purchase a home and see the price fall. However, all signs seem to point to being at the bottom - inventory shrinking, sales rising. Perhaps most compelling is not the sales price, but the interest rates - on a $250K home, if you wait for a 5% reduction in sales price, but in the meantime the interest rates climb 1% - you would pay nearly $80 MORE per month for the home at 5% less.
SPOTLIGHT - What is a CRS?
Certified Residential Specialist:
CRS is the symbol of excellence in residential real estate. Our members have proven they have the experience, training and commitment to be among the best in their profession - as a matter of fact, less than 3% of Realtors hold this designation worldwide. William True is a CRS, and also holds 10 other advanced designations.
Why choose a buyer's agency? A buyer's agent will perform services for you that the seller's agents can't, such as show you reasons not to buy a particular property; negotiate the best price and terms for you; include contingencies in the contract that protect you, rather than the seller as in most standard contracts; and keep confidential any information that could hurt your bargaining position. -Bankrate.com
"Having a buyer agent made all the difference! Buyer agents don't represent any properties, so we know we saw the very best properties for our lifestyle. True Real Estate's agents had extensive market knowledge, showed us through all the neighborhoods, and helped us structure an informed offer. Seeing how the sales process can go, we will always recommend that our friends use a Buyer's Agent to navigate through it." - Gail and Walter Wiebe, Ontario, Canada
WAIT!!!
Don't call the number on that sign! The listing agent represents the Seller's interests, not yours! The Sarasota market is changing again, make sure you have professional representation for your Sarasota real estate purchase.
True Real Estate is dedicated to providing you with the most thorough & current information, and the most professional insight and advice. Educated, experienced dedicated - the best in Sarasota real estate
