Discover Sarasota Real Estate

Discover Sarasota Real Estate

The world famous warm weather, the proximity to other famous Florida cities, all of the outdoor recreational options, and the total beauty, all add to the overall attraction of this tropical paradise and the Sarasota real estate bargains that are here in today's market. Sarasota also has fantastic commercial and business real estate for sale. There are choices here that will satisfy almost anyone's taste in homes, including large estate mansions, single family homes on the mainland, to large and modern condos and townhomes downtown, built in recent years in gated complexes, in a completely renovated downtown area that is modern and convenient with shopping, entertainment, restaurants featuring world wide cuisine.

Many of the large homes on the Keys are hidden away within lush and natural landscaping, and are totally secluded and very very private. Those homes are typical of the homes that the rich and famous have purchased over the years to be able to come to and maintain their privacy while still enjoying all of the amenities and pleasures Sarasota has to offer. In this city, everything is done the right way, and also the expensive way in many cases, and most of the homes have been constructed with an old world type of craftsmanship that adds to the overall ambience throughout the city. The residents are proud of their award winning schools, which are locally controlled and monitored, to be sure that their children only receive the finest of educations. Within the Sarasota real estate market are great multi family buildings, many built in recent years and offer beautiful large luxury apartments, gated and secured in private modern complexes for sale. Business and commercial real estate is also available and can be review by seeing a local Realtor, broker or agent and asking to see the MLS Listings of current Sarasota real estate for sale.

BUYERS: Note:

2009 First-Time Home Buyer Tax Credit up to $8000.00

**HUD Secretary Donovan announces that the $8,000 tax credit may be used as a down payment**

*Who Qualifies?First-time home buyers who purchase homes between January 1, 2009 and April 30, 2010. (extended) Transaction must close on or before June 30, 2010.

*To qualify as a "first-time home buyer. The purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

*Which Properties Are Eligible? The 2009 First-Time Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

*How Much Will the Credit Be?

The maximum allowable credit for home buyers is $8,000. Each home buyer's tax credit is determined by two factors: *The price of the home-the credit is equal to 10% of the purchase price of the home, up to $8,000.

*The buyer's income-single buyers with incomes up to $75,000 and married couples with incomes up to $150,000-may receive the maximum tax credit.

*If the Buyer(s)' Income Exceeds These Limits, Can He/She Still Get a Credit?

Yes, some buyers may still be eligible for the credit. The credit decreases for buyers who earn between $75,000 and $95,000 for single buyers and between $150,000 and $170,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income-over $95,000 for singles and over $170,000 for couples are not eligible for the credit.

*Will the Tax Credit Need to Be Repaid? No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during the three-year period, the credit will be recouped on the sale.