Best Times to Buy a New Home in Sarasota

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!

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