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The Oaks Club in Osprey, FL Update

The Oaks Club is a private golf and country club community developed on more than 1,000 acres situated on the east and west sides of US 41 in Osprey, Florida, just 12 miles south of downtown Sarasota. I am in receipt of the recent Oaks Club circular touting the latest developments in this high end, 750 home private golf…

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…

Why do so many Sarasota buyers prefer paying cash ?

In 2013, statistics state that 66% of all Sarasota County buyers paid cash for their real estate purchase as opposed to getting a mortgage. Why ? Because cash buyers pay far less. And here’s the explanation. Florida has no state income tax, and Sarasota County has no “land transfer tax” so both entities make money…

Home prices post double-digit gains

Sarasota posted an 11.3% gain in median prices over 2012, while Manatee County median sales prices rose 16.2 %. Meanwhile, Florida wide median sales prices were up 16% for the year, by far outpacing the nation’s year over year increase of 7%. View the full market trend report: Residential Real Estate Market Trend Report for…