Finding your next home in your community can be challenging. When you add hundreds or even thousands of miles to the equation, it becomes significantly more complicated. Though long-distance house hunting has its unique challenges, it’s not impossible. In fact, we help people with it every day. With modern technology, it’s never been easier to buy a house remotely. Here are a few critical factors to keep in mind when you find yourself in a home search from afar.
When we get to retirement, we find ourselves having the freedom to move somewhere new. The first place that comes to mind for many is likely our great state of Florida. However, before you take the leap, you should examine the pros and cons. Although you shouldn’t think of the below an exhaustive list, it should give you some good things to consider.
While I focus most of my time on what’s happening in Manatee and Sarasota counties, it’s also important to follow the broader real estate trends. Overall, the real estate market in the United States is seeing significant price increases. Over the past 12 months, average sale prices for homes have risen by 7.1%.
Whether you are looking to buy, sell or invest in real estate, it is important to understand market conditions. Real estate is hyper-local, with market dynamics changing from subdivision to subdivision. However, county trends will give you a good idea of what to expect.
Although the luxury single family home market ($1M+ homes) is much better balanced this year than last, it is still a strong buyer’s market in both Manatee and Sarasota counties. Markets are generally considered in “balance” when there is about six months of inventory for sale at the current pace of home sales. When the inventory gets greater than that, buyers tend to have more leverage than sellers in negotiations.