Are you thinking about moving to Sarasota, FL? The city’s motto says it all: “Where urban amenities meet small-town living.” Though you’re only an hour north of Fort Myers and south of Tampa, Sarasota maintains a distinct, small-town-community feel—without lacking the comforts of a more prominent city. Nevertheless, if you plan on buying new construction, it’s important to think ahead.
5 Things You Must Know Before Buying New in Sarasota
While there’s a lot to look forward to when considering Sarasota as your next home, you can’t overlook the most important aspect of shopping real estate: finding the perfect home. If you plan on buying new construction, below are the five things you must consider first.
1. Find the Right Agent
As FreddieMac suggests, when purchasing new development it’s imperative to hire the right agent for you. You want someone who is experienced with new construction and has a relationship with the builder.
2. Ask the Builder for References
One of the best things about buying a brand-new home is that you can speak to the builder. Connecting with the builder is a significant advantage because it means you can ask the builder for references. A few phone calls are all it takes to see if those who have bought homes from the builder are satisfied with their purchase.
3. Familiarize Yourself with the Area
Sarasota is home to many incredible neighborhoods, but that’s not to say that any of them would automatically suit you. Instead, think about what you want in a community. It can be easy to skip this step when you find a brand-new house on the market that you love. However, familiarizing yourself with the right neighborhood needs to be a priority.
4. Read the Warranty Carefully
Often, buyers assume that new construction comes with a comprehensive warranty, yet that may not be the case. Generally, an express warranty is ideal compared to an implied warranty, but don’t make any assumptions. Read yours carefully and ask questions before signing it. An experienced agent will guide you through this step.
5. Act Quickly
Finally, house-hunting is never something you want to rush. But, when it comes to buying a new home—the earlier you make an offer—the greater return on your investment. Builders are always eager to solidify new construction contracts as soon as possible because it means they can borrow more, faster. In fact, they would love to sell during the pre-construction phase, in which would get an even higher return on your investment. So, don’t rush but start early. Find the right agent and have them begin with an area you love. Then, look for new construction and land the best deal.
Thinking of Moving to Sarasota, FL?
If you are looking to move to Sarasota, Florida, we think it’s one of the best choices! Contact us to learn how we can help you make the right choice, show you the best neighborhoods aligned with your interests, and inform you on what’s hot and what’s new. The Loeffler & Rooks Morris Group is here to guide you through this transition and make it a smooth one. Call us at 941.308.6554.