New Tampa, as its name suggests, is one of the newer suburban neighborhoods in Tampa, Florida, dotted with town homes, ranch style houses, and condos. The city is very family friendly and walkable. The New Tampa real estate covers a 24 square mile area within the City of Tampa limits.
New Tampa Real Estate Overview
New Tampa spans the area within the limits of the City of Tampa and also substantial swathes of land in unincorporated Hillsborough. Other than these two, New Tampa refers to bigger parts of Wesley Chapel, which is adjacent to Hillsborough County to the… Continue reading
Read the video transcript below.
Hi, my name is Lance Mohr and I’m a real estate agent in Tampa and I wanted to do a video today because I had a gentleman call me, actually someone I knew in Tampa. He had one of his friends that was looking for a waterfront home in Tampa Bay. It was more of an acquaintance and the gentleman was looking at Tampa waterfront homes for sale and they decided to buy a lot so they contacted a real estate agent and they didn’t know at the time this real estate agent really didn’t… Continue reading
Lenders have seen some of the worst economy conditions in the last few years, but new reports are indicating that subprime lending could be making a comeback. Subprime lenders have been around for some time, but during the financial crisis, many of them seemingly disappeared. According to online sources, subprime lenders are making a comeback with new nonprime loan offerings. Bill Dallas from NewLeaf Lending in California said, “There needs to be a solution for people who don’t fit in the box, and rebuilding nonprime lending is it.”
Tampa MSA is the second biggest metropolitan area in Florida state, with a population exceeding 2,790,000 and inclusive of Pinellas, Hernando, Pasco and Hillsborough counties. It is the sixth biggest metro territory in the south and the 19th biggest in the country. It is no wonder that Tampa Bay real estate attracts much demand from both domestic and international buyers.
The Tampa Bay area has achieved the distinction of being the recipient of Southern Business & Development award as the “Mega Market of the Year”. A number of international corporations are headquartered here, including Tropicana Products, Ferman… Continue reading
If you are buying a home for the very first time, the task may seem daunting and stress you out even before you actually start your search. While this is a natural reaction, you can overcome the fear by taking informed decisions from the get-go. Here are five tips that are bound to make your home-buying experience stress-free, enjoyable and ultimately, rewarding.
Engage the services of a reliable real estate agent
The essential checklist for zeroing in on the right buyer’s agent includes (a) reputation (b) customer reviews (c) experience and (d) comfort factor. Depending on whether you want to… Continue reading
Now that the first month of 2014 is over with and all of the numbers are in, it looks like banks had a little easier time with foreclosures as the number dropped to the lowest level it has been in 6 years. The bad news is that there have been more homes entering the foreclosure process for the first time. All that means is that those states are going to see a surge in the foreclosed homes sometime this year. The numbers are in and according to one source that tracks foreclosure listings, banks took back 30,226 homes in the… Continue reading
CBS expects the impact of polar vortex to reach $5 billion. Besides shattering records of subzero temperatures in New York, Chicago, Texas and Oklahoma, causing six and seven cold-related deaths in Indians and Illinois respectively, crippling power generation and stranding hundreds of passengers overnight on Amtrak trains, the mammoth arctic blast has taken aim at literally all US cities. Except for Florida, which received wind chill advisories and freezing overnight temperatures at the worst and enjoyed warm daytime temperatures otherwise. Relocating to Florida may seem like a good proposition right about now, as you shovel one foot of… Continue reading
I wrote a blog last year talking about how short sales would slow down because Congress did not extend the Mortgage Forgiveness Debt Relief Act (MFDRA). Based on the real estate statistics for Tampa in January the number of short sales have decreased. I believe some of it has the do with the law not being extended and home owners have a little equity in their homes because of the price increases of 2013. Either way, it’s good news that the short sale market is depleting.
Expired short sale tax relief may impact home sales
“According to Fitch Ratings, the… Continue reading
According to the Wall Street Journal, the new small mortgage lender rules which came into effect in the first week of January could hinder the ability of small money lenders to issue loans. The new rule states that lenders should ensure that their borrowers pay back what they owe. This means that the loans must meet the ‘Qualified Mortgage’ Standards for small lenders to protect themselves from a lawsuit. Any loan that has been issued out of the standards mentioned before will be subject to legal risks.
What are Qualified Loans?
The Consumer Financial Protection Bureau has defined a… Continue reading
We might be seeing a little relief in sight with FEMA’s flood insurance premiums. The Senate has put a 4 year delay on the premium hikes until they figure out what to do. There is a very high possibility that the House with pass the bill. The National Association of Realtors (NAR) and real estate agents have been applying relentless pressure on both the House and Senate for months now. Check out the article below for the latest flood insurance update.