October 2009

VENTANA CHANNELSIDE CONDO AUCTION! TAMPA, FL

CHANNELSIDE CONDO AUCTION! VENTANA-TAMPA, FL 33 Luxury Channelside Condos For Sale• Minimum bids from $145K   Pricing Example:  A 1 bedroom 2 bath condo, 1,143 square-foot condo at Ventana has a minimum bid of $145,000.   It’s last asking price: $473,100. Total units in building 84.  There are only 33 remaining.   Maintenance fees are calculated at .33 … Continue reading VENTANA CHANNELSIDE CONDO AUCTION! TAMPA, FL

Read the full article →

CNN Reports-Senators agree to extend home-buyer tax credit

Here’s an update on the home buyer tax credit which is hopefully going to be EXTENDED until June 2010.  This will make a big impact on Tampa Real Estate, since many buyer’s have now run out of time to purchase a home by Dec. 1st.  Glad to see they are working on extending it! WASHINGTON — Senators … Continue reading CNN Reports-Senators agree to extend home-buyer tax credit

Read the full article →

Buyers research troubled neighborhoods in Tampa BEFORE purchasing-Tampa, Fl

One problem we are experiencing in the Tampa Real Estate Market is a very large quantity of short sales and foreclosures. This leads to not only abandoned homes, but an even larger problem with HOA fees not being paid by the homeowners. A good buyer’s agent can tell you which neighborhoods are in trouble. Imagine buying … Continue reading Buyers research troubled neighborhoods in Tampa BEFORE purchasing-Tampa, Fl

Read the full article →

More Bankrupt Developments Liquidated-Clearwater/St. Pete, Fl

It will be interesting to see what these condos will sell for, or if they will turn into rentals.  In the Tampa Bay Real Estate Boom the  Opus South Condo Tower  Developments orginally listed at an average sale price of 700K.  The two developments have been purchased for an average sale price of 137,00 per … Continue reading More Bankrupt Developments Liquidated-Clearwater/St. Pete, Fl

Read the full article →

Buyers being unfairly scrutinized by lenders-Tampa, FL

Ever hear of a “Motivation Letter?”  You may if you are trying to purchase a home in today’s real estate market. Buyers in the Tampa Real Estate market are being put under the microscope by lenders.  This is what one of my clients had to supply to get a loan approved days prior to closing.  Shocking to say … Continue reading Buyers being unfairly scrutinized by lenders-Tampa, FL

Read the full article →

Residential Development Studies and Reviews-Downtown Tampa, Fl

  The Tampa Downtown Partnership has compiled the October – December, 2009 Quick Facts Report. Downtown Tampa Residents: 2,500* From SKYPOINT CONDOS Skypoint Hi-Rise in Downtown Tampa Studies and ReviewsResidential units under construction: 0 Total amount of residential development in 2008/09 (including completed, under construction and proposed): $244,000,000* Average residential unit sale price: $300/sq. ft. … Continue reading Residential Development Studies and Reviews-Downtown Tampa, Fl

Read the full article →

Foreclosure Rates show 50% increase Tampa,Fl

Foreclosure activity continues to rise in Tampa Bay Tampa Bay Business Journal There is little good news in a new foreclosure report from First American CoreLogic that shows more increases year-over-year in families losing homes. But the Tampa Bay region is doing better than Florida as a whole. Foreclosure rates in August 2009 were 8.58 percent … Continue reading Foreclosure Rates show 50% increase Tampa,Fl

Read the full article →

Florida Real Estate: 15 Market Positives Creates Demand for Investors

The upside of Florida real estate: 15 market positives Let’s take a look at some of the opportunities for today and the future of Florida’s real estate market. 1. Great prices. Statewide, the existing-home median sales price was $161,200 in the fourth quarter of 2008; a year earlier, it was $216,600 for a decrease of … Continue reading Florida Real Estate: 15 Market Positives Creates Demand for Investors

Read the full article →