Installing stuff via repos in Linux is the way to go IMHO. Why? It handles all dependencies and upgrades for you automatically. So instead of going through the pain of compiling it and installing it myself I did some digging around to see if I could find a good repo that will make my life easier, and I did.
Credit goes to the Cloudhike folks for this. This is just a procedure I found to be simpler.
Go into root (you will have to provide your user account password).
Add the repo.
yum-config-manager --add-repo http://repo.cloudhike.com/sublime2/fedora/sublime2.repo
Enable the repo.
Install Sublime Text Editor.
yum install sublime-text