As Home Prices Decline, it is a Great Time to Invest in a Rental Property
In Manatee County home and condominium re-sales rose in October. However, there’s still a debate about the housing market recovery.
According to the Florida Association of Realtors, sales of existing single-family homes in the Sarasota-Bradenton market rose nearly 50 percent in October compared to the same month a year ago. Sales of previously-owned condos also escalated.
Bargain-hunters and first-time homebuyers seeking the federal tax-credit deadline pushed the sales spike. This led to a decrease in the median sales price from a year ago.
Whether you are looking to purchase a condo on the 10th-hole in River Strand or a beautiful home in the Lakewood Ranch Country Club, prices are right for an investment in a rental property.
Contact Sun Rock Property Management for all your investment rental property management needs.
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