Monthly Archives: December 2008

New Tampa Homes for Sale

New Tampa is an area in Florida (not to be mistaken with Tampa) that encompasses both a 24-square-mile area within the corporate limits of the City of Tampa, as well as a larger land area that is in unincorporated Hillsborough, but retains a Tampa mailing address.  The incorporated portion of “New Tampa” that lies within the city limits of Tampa is one of the largest city neighborhoods and has a multitude of homes for sale.  The area has grown rapidly since being annexed by the city of Tampa in 1988.

The explosive growth of New Tampa has brought a lot… Continue reading

Tampa Real Estate-Wesley Chapel Homes

Wesley Chapel is a beautiful residential area just north of Tampa.  Real estate in Wesley Chapel has evolved from its early days, when cash crop farming, logging, citrus and cattle ranching were the principal activities.  Today, it is a haven for residents who want the benefits of the big city and the bay area without being directly in the center of it.  Wesley Chapel offers a wide range of choices for any sized family; everything from custom homes and single family homes to condos and townhomes.  For children, the school system features seven different schools (two private):  Saddlebrook Preparatory, Sand… Continue reading

Understanding Community Life Cycles

picture of homes in the skyAnyone interested in buying or selling Tampa real estate should understand the natural life-cycle of a neighborhood. Communities are a lot like people; they undergo various changes throughout their natural lifespan. By understanding what stage Tampa Bay communities are in or likely to be entering; it is possible to make a hefty profit especially given the recent influx of foreclosures or potential for short sales on the market.

When it comes to real estate life cycles, it is important to understand the building boom and bust cycle. Recently, the entire nation experienced a major “boom” cycle where new homes and… Continue reading

Tampa Real Estate Review: Doing Business with Bankrupt Builder

image of a new contruction homeThe Towers of Channelside were among the first to file for bankruptcy protection but not the last; in fact, recent months seem to indicate a growing trend among builders of all sizes to file for bankruptcy. Woodside Homes, a nationwide private builder responsible for the Tuscany at Tampa Palms project filed in September.  Smith Family Homes, a mid to upscale builder who build properties among popular community such as Seven Oaks, Connerton and Wilderness Lake Preserve filed in July. Nearly every month the media reports a major builder or sub-contractor filing for bankruptcy; learn how to protect your investment… Continue reading

Tampa Foreclosure Checklist

image of checklistFor those searching for foreclosures in Tampa, Fla, it might seem like a ‘hit or miss’ proposition; how does one go about finding foreclosures that will appreciate and generate a solid return for the buyer? It’s easier than you might imagine once you understand what to look for – and even more importantly – what to avoid. Use this quick foreclosure checklist to get started and be sure to sign up for the foreclosure notification email to be notified as soon as a property that meets your expectation hits the market.

1. Location, Location, Locations. You have heard it before… Continue reading

Six Tips When Selling Your Tampa Home

Searching for creative ways to give your Tampa home a mini-makeover before placing it on the market? Here are a few time tested methods to make your home look its best without breaking the bank.

1. Yard Work. First impressions matter so make sure the first thing prospective buyers encounter is an attractive yet low maintenance yard. Clear away any clutter, position a few welcoming flowers or attractive garden objects and then take an inventory by asking the following questions:

Yes/No  Is the yard low maintenance? If not, consider replacing high maintenance shrubs or grass with native plants that are… Continue reading

Up-selling in a Down Market

Whether it is due to a job relocation, downsizing or other personal situation some Tampa Bay real estate sellers are faced with the prospect of obtaining the best price for their property in the midst of a buyer’s market. Fortunately, you don’t have to compete with foreclosures and other bottom of the barrel prices if you understand how to list and market your home properly. Follow these quick tips to learn how to give your home a mini-makeover and obtain the best price even in these tough economic times.

1. Work with an effective Realtor. A real estate agent is your… Continue reading

How to Invest for Long Term Wealth

picture of lady and moneyTampa, FL foreclosures represent a tremendous buying opportunity for those interested in investing for long term wealth. Whether you want to supplement your retirement benefits or build a secondary income stream, owning an income producing home or condo provides one more way to build wealth without investing huge amounts of time or energy.

1. Buy Right. Search for foreclosures that are priced right and located near major centers of employment, shopping, schools and medical facilities where prospective tenants will want to live.

2. Price the Market. Make sure rental rates in the area will cover the cost of PITI (principle, interest, taxes… Continue reading

Reasons to Give Thanks for the Current Tampa Housing Market

In the midst of one of the most volatile economic crisis to hit the nation in decades, it may seem there is little to give thanks about but like the old adage; every cloud has a silver lining. This year, as storm clouds of economic uncertainty build, it is useful to take time to appreciate the small benefits to be derived from every opportunity.

1. Foreclosure Sales Galore. Tampa buyers that were previously priced out of the market should be thrilled by the availability of low cost foreclosures. Adjusted for inflation, the price of Tampa Bay homes or South Tampa condos… Continue reading

Reasons You Should be a Real Estate Investor

image of people in a meetingAs the Christmas holiday nears, many Tampa home owners might be wondering what the new year has in store. Here to provide a glimpse of what analysts, experts and researchers say is the most likely scenario we are also quick to point out the benefits of buying Tampa investment properties or foreclosures as a way to diversity holdings and potentially generate profits during tough economic times.

Remember, buying a Tampa Bay, Fl foreclosure as an investment or rental property allows you to gradually build appreciation in the home while tenants or renters pay the expenses. It’s one of the few bright… Continue reading