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If you're buying a luxury home in Sarasota at $1M or more, I recommend saving at least 20% down plus 3–5% for closing costs, inspections, and reserves roughly $250K–$300K liquid. High-end communities like The Oaks, Bird Key, or Lido Shores often have HOA fees between $500–$1,500/month. Inspections are a must wind mitigation, 4-point, roof, pool, and seawall if waterfront. Even newer homes may need smart tech upgrades or custom finishes, so I suggest budgeting extra. Jumbo lenders typically require 6–12 months of reserves, and flood insurance can add $2K–$5K annually. I walk my clients through all financial steps so their purchase is strategic, smooth, and fully protected.
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Our team of local experts is ready to guide you through the home-buying or home-selling process. We are committed to fast, professional, and courteous service to help you understand and feel at ease throughout the entire transaction. Our trained and licensed agents specialize in the Greater Sarasota area real estate market and are prepared to find the right home if buying, and get the best price when you sell.
