Are you looking to buy a new home in Sarasota, Florida? Timing can significantly affect the incentives and deals you can get. In this article, we’ll explore the three best times to buy a new home and some insider tips on purchasing a model home in Sarasota. Let’s dive in!
When to Buy a New Home in Sarasota
1. Third Quarter (July-September)
The third quarter of the year is the prime time to purchase a new home in Sarasota, Florida. During the summer months, builders offer the most incentives to attract buyers. Here’s why:
- Fewer Buyers: With fewer people shopping for homes in the hot summer months, builders provide significant price cuts and incentives.
- Discounts and Perks: Builders might offer discounts on lot prices, design incentives, and even slashed prices on inventory homes.
- Financing Options: Many builders offer attractive financing options, including rate buy-downs to make purchasing more affordable.
2. Near Community Completion
When a Sarasota community is almost sold out, builders are eager to close the development and move on to the next project. This phase brings numerous benefits:
- End-of-Development Discounts: Builders often offer great deals to sell the last remaining homes or lots.
- Established Community: You get to move into a fully developed neighborhood with mature landscaping and amenities.
- Builder Warranties: You still receive all the standard builder warranties despite the discounts.
3. Community Launch
Buying at the start of a new community’s development in Sarasota has its own set of advantages:
- Choice of Lots: Be among the first to choose the best lots and elevations.
- Lower Prices: Early buyers often get lower lot prices and better incentives.
- Long-Term Value: As the community develops over the years, the value of your home is likely to increase significantly.
Tips for Buying a Model Home in Sarasota
Model homes in Sarasota are the epitome of design and convenience. If you’ve ever wanted to buy one, here’s how to do it:
- Timing: Builders sell model homes when a community is 70-80% complete. They lease them back to continue using them as showcases.
- Leaseback Arrangements: Buying a model home means you’ll lease it back to the builder for 8-16 months, during which time you’ll earn rent.
- Benefits: Model homes come fully furnished with top-of-the-line finishes, and you still get the builder’s warranty and professional cleaning.
How to Secure a Model Home
- Work with an Experienced Agent: Having an agent with strong builder connections can give you the inside track on when model homes become available.
- Communicate Interest Early: Let your agent know if you’re interested in a model home so they can inform you as soon as it’s for sale.
In summary, the best times to buy a new home in Sarasota, Florida are during the third quarter, near community completion, and at the start of a community’s development. Additionally, buying a model home can be a great option if you want a move-in-ready, fully furnished house.
If you’re ready to explore your options or have any questions about buying a home in Sarasota, feel free to reach out. Happy house hunting!
Follow Us for More Sarasota Real Estate Tips!
Stay updated with the latest tips, insights, and opportunities in Sarasota real estate by following us on social media. Connect with us on Instagram, Facebook, TikTok, and LinkedIn. Don’t miss out on exclusive content and offers – follow us today!
