The real estate market is hot right now, especially on Florida’s Gulf coast. Buyers are making cash offers, eager to acquire new properties that can then be rented out in both the short and long term. New condos Sarasota investors love have a lot of potential. There are three important reasons they’re being purchased so aggressively.
First, they’ll command high rents. Tenants are looking for new, well-maintained condo homes in Sarasota and the surrounding area.
Next, they appreciate in value quickly. The condo that’s purchased today will likely be worth more in as little as a month. Real estate is always a good investment, and it’s especially attractive now.
Finally, Sarasota investors know that they have options. In this market, there are long term tenants looking for a lease of a year or more. There are also vacationers and part-time Florida residents who want a short term lease. It offers diversity in a real estate portfolio.