There are some really good arguments for the benefit of purchasing property NOW, instead of waiting for the possibility that prices might drop even lower. Firstly, this is not a good time to be a renter. With less renters deciding to buy and the amount of foreclosures flooding the market, demand for rental homes has gone up. Along with the fact that there has been less new construction since the overall financial crisis, rental prices have been rising and are expected to increase an average of 5% more over the coming year.
Secondly, chances are the decrease in home prices is probably over and there is no indication that prices will soar in the very near future. It looks like there is a potential for a major stabilization in home prices. Thirdly, with mortgage rates being at an all-time low, it would be dangerous to assume they will go lower or even stay the same. It is predicted that in 2012 rates will increase up to a full percent higher than they are now.
Choosing the Right Vacation Home
No matter where you go, vacations can provide a lifetime of memories. You get to spend time with your family and friends. Owning a vacation home should be looked at as an investment in priceless memories that will happen in the future. Purchasing a vacation home gives you the fun, entertainment, rest and relaxation of a vacation with all the comforts of home.
When selecting your vacation home you need to find a diverse area that has lots of activities that you will enjoy year after year. For years the southwest coast of Florida has been a favorite destination for people looking for a warm sunny climate. They are drawn to the sparkling ocean with pristine beaches, boating, watersports and all around fun in the sun. Southwest Florida also boasts world class golf courses, fine dining restaurants, exclusive boutiques, cultural events, art galleries, theaters and is home to a large variety of amusement parks, zoos, and world famous Busch Gardens
Sarasota, Florida was recently named as "The Best Place in America to Retire". Imagine buying your own little corner of paradise, where there is always something fun going on. Sarasota abounds with superb cultural and recreational possibilities.
Think about what the most important factors you want for your retirement years. If you are like most people, great weather and good housing values are at the top of your list. There are various retirement possibilities depending on your personal choices and finances.
Also important on most retirees' list of desired amenities are; ease in getting around the community; great restaurants, amusement and cultural events; availability to work (in case you want to return to work); convenience to clinics, doctors and hospitals and easy access to year round outdoor recreation.
The Sarasota area is already populated with like-minded seniors. Almost 27% of the area's homeowners are 65 years of age or more, which is more than twice the national average of 12.9% in other cities. There really is no mystery why today's retirees and those preparing for retirement, prefer to live in Sarasota, Florida.