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Sarasota Real Estate

Why do most Canadian buyers in Sarasota end up paying cash ?

Canadians are by far the largest international purchasers of Sarasota real estate.  Additionally, the vast majority of Canadians pay cash for their Sarasota property. The reasons are threefold. Firstly, the lending criteria is very strict for Canadians. Whereas American citizen’s commonly obtain loans for 80% to 90% of the properties value, Canadians and other international buyers…

More plans for Downtown Sarasota Luxury real estate

Sansara –  Downtown Sarasota’s newest luxury condo to be built is a 10-story building with 17 units in Burns Square at Pineapple Avenue and Ringling Boulevard. Sansara will have units ranging  from  2,280  – 2700 a square feet with one penthouse unit with 4,555 square feet, water views,  14 ft  ceilings complete with an outdoor bar and fireplace. The developer is expecting to sell the…

More Sarasota real estate news you can use.. Did the gov shut down hurt our real estate ?

The Sarasota real estate market did not show signs of slowing down despite the Government shutdown and the increase of interest rates.  Sarasota houses for sale and condos for sale experienced an increase not seen since the boom 10 years ago. Here is the article in Thursday’s Herald Tribune in case you missed it. Maureen Doherty…