What You Need To Know About Tampa Bank-Owned Homes

Let’s face it – it’s time for a change of scenery.  Whether you’re looking to move to a warmer city with a great nightlife or want to move the family to a new neighborhood with great schools and plenty of recreational activities, then it’s time that you considered moving to Tampa, the capital of sun, sand and surf in Florida!

Best of all, you don’t need the salary of a CEO in order to move to this fantastic and fun city.  Thanks to the hard-hitting housing crisis, bank-owned homes in Tampa are offering average homeowners from all across the country the opportunity to live a luxurious lifestyle for a lot less.  But of course, buying Tampa bank-owned homes requires plenty of research and know-how in order to get the best deal; luckily for you, www.tampa2enjoy.com is here to show you how to navigate like a pro!

Set A Budget – And Stick To It!  Purchasing Tampa bank-owned homes offers you the opportunity to purchase a large family home or mansion for just pennies on the dollar; however, this doesn’t mean that you shouldn’t set a budget before you start to look at Tampa foreclosures!  Like with any other kind of real estate purchase, you need to know how much home you can comfortably afford.  By doing so, you won’t set your heart on a house that’s way over your spending limit!

Auctions Can Make You Overspend.  The most important thing to remember about buying Tampa bank-owned homes is that you’ll want to avoid becoming too overexcited during the auction period.  Of course, it’s hard to contain yourself when you’re face to face with such incredible deals – but there’s a good reason why you should remain as stoic as possible. The more excited and swept up you become in an auction, the more likely you’ll stretch your budget to purchase a home that you simply can’t afford.  While banks are happy to see people get into a bidding war over their property, as soon as a potential home hits a price that’s 85% of your budget, back out quickly.  You’ll need plenty of spare cash to accommodate closing fees, home renovations and other unexpected costs that inevitably pop up when moving to a new home.

Make A Great Bid.  Before a home gets repossessed by the bank, many homeowners try to sell their homes in order to avoid entering the foreclosure process.  If this is the case with the owner of your potential dream home, you can get a great bargain by entering into an intense round of negotiations.  While a homeowners who’s just new to the market is unlikely to take you up on a lower offer, try finding an owner whose home has been on the market for several months and is swiftly facing foreclosure.  He or she will be far more likely to take you up on a lower but still fair bid.  It’s a great way to get yourself into the home of your dreams without having to go through a potentially expensive foreclosure auction!

How To Grab A Great Deal On Tampa Real Estate

Let’s face it – you can’t take another cold winter.  Perhaps you want to relocate to a warm area with a more sunny state of mind, or you want to be a short walk away from the beach –whatever the case may be, now’s the time to check out the great deals on Tampa Bay real estate!

If you thought that real estate in Tampa was only available for the rich and famous, think again – thanks to the housing crisis, Tampa Bay foreclosures have skyrocketed to unprecedented heights, with no end in sight.  In fact, the Tampa Bay Business Journal reported that Tampa foreclosures increased by 22% within two months; this means that there’s an oversaturated market filled with cheap real estate for everyone from a single individual to a large family.

But you don’t have to limit yourself to foreclosures to get a great deal..  Here’s what you need to know to navigate homes like an expert:

Know What You Want To Buy. When looking at real estate, you’ll need to know what exactly you’re looking for in order to scout out the best deals.  Tampa’s a large city, and it stands to reason that there’s going to be a wealth of diverse neighborhoods.  Are you looking for a home in a neighborhood that caters to single professionals, or are you looking for space for your family to run around in?  Whatever the case, it’s important to know what you want before looking at Tampa homes for sale, as you’ll be able to focus your energy more on finding a great deal.

Know Your Budget.  It’s important to get a set budget in mind before looking at homes for sale, especially when looking at Tampa foreclosures.  Not only will you know how much home you’re able to comfortably afford, but you’ll save yourself from spending too much at any foreclosure auctions!  Too many individuals make the mistake of bidding at the high end of their budgets, and are disconcerted when they discover that they can’t afford to pay for closing costs, maintenance fees and other unexpected charges that inevitably pop up during the home buying process.  Allot yourself an extra $5,000 to $10,000 for home renovations and other costs – your bank account balance will thank you for it!

Know Your Intentions.  Plenty of people are looking at homes inTampa in order to give their families that world-renowned Florida lifestyle; however, if you’re looking to get into the market for investment purposes, you’ll need to understand that homes are still fluctuating in price.  What might be a great deal today might be an even better deal tomorrow, but keep in mind that it will be several years before you start to see the kind of price appreciation that gives you a return on your investment.  If you keep this piece of investment advice in mind, then there’s no better place to add some great real estate to your investment portfolio than Tampa!

Tampa Real Estate: Your Next Family Home!

There’s no better place than Tampa, Florida to raise a family.  Just think about it: not only are some great public schools,  but you’re just a short drive away from some of the most incredible tourist hotspots in the world.  Whether your kids want to visit Mickey Mouse at Disney World or want to enjoy the sun-kissed beaches of Miami, Tampa is a central location to all of this, with plenty of beautiful attractions of its own.  So if you’re looking for a city that’s family-friendly but still full of adult fun, then it’s time to look at real estate in Tampa, Florida for your next dream home!

If you prefer living by the city while still having access to the great outdoors, then Tampa can offer you some incredible deals.  Housing prices are still at record-lows for the Tampa area – not to mention that foreclosure filings are still on the rise since February 2009.  For a potential Tampa homeowner, this means that you can afford to buy a more luxurious home for less, with plenty of backyard space for the kids and a great view of the sandy beaches of Tampa Bay!

However, if you’re new to Tampa real estate, then you’ll need to know what neighborhoods are ideal for families looking for both the city charm and the outdoor living.  Luckily, you don’t have to look any further, since www.tampa2enjoy.com has outlined everything you need to know about Tampa’s most popular and family-friendly communities!

For The Family That Loves The Great Outdoors.  Can’t get enough of sand, sun and plenty of hiking trails? Then you can’t afford to miss out on Wesley Chapel, which is located in Pasco County.  This family-friendly community has access to some of the best hiking trails and recreational parks in Tampa; additionally, Wesley Chapel real estate is luxurious and large, which means you’ll find a perfect home for your family, no matter how many members you might have!

For The Family That Loves The City.  If you don’t want to stray too far away from downtown Tampa, yet you want to live in the beautiful suburbs, then look for Citrus Park homes for sale, as this community is a commuter-friendly neighborhood that’s a half-hour drive from Tampa’s business district.  Forget about those long commutes in bumper-to-bumper traffic; if you live in Citrus Park, you’ll be home in mere minutes and able to spend more time with your family and friends!

For The Family That Loves A Bargain.  If you want to keep your wallet full while still owning a piece of real estate, then try looking at Tampa bank-owned homes, as these houses will definitely give you the opportunity to find a great bargain while still capturing the luxury and elegance that Tampa homes are so well-known for.  Hire a real estate agent to help you sift through all of the listings, and don’t be afraid to attend a few foreclosure auctions.  Who knows – you just may end up finding the home of your dreams!

A Little Secret When Buying Tampa Bank Owned Homes

Thanks to the hard-hitting housing crisis, bank owned homes in Tampa Bay are offering average homeowners from all across the country the opportunity to live a luxurious lifestyle for a lot less.  But of course, buying Tampa bank owned homes requires plenty of research and know-how in order to get the best deal; luckily for you, www.tampa2enjoy.com is here to show you how to navigate Tampa foreclosures and bank owned homes like a pro!

The most important thing to remember about buying bank owned homes is that you’ll want to avoid becoming too overexcited during the auction period.  Of course, it’s hard to contain yourself when you’re face to face with such incredible deals – but there’s a good reason why you should remain as stoic as possible. The more excited and swept up you become in an auction, the more likely you’ll stretch your budget to purchase a home that you simply can’t afford.  While banks are happy to see people get into a bidding war over their property, as soon as the purchase price your budget, back out quickly.  You’ll need plenty of spare cash to accommodate closing fees, home renovations and other unexpected costs that inevitably pop up when moving to a new home.

South Tampa Homes For Sale: Luxury For Less

When it comes to the ultimate in luxury real estate, there’s no other city that steps up to the plate like Tampa.  Between the lush tree-lined streets of the big city to the gorgeous mansions that dot the suburbs, there’s no other place like it on earth, no matter what stage you’re at in life.  Additionally, looking at South Tampa, Fla homes means that you’re one step closer to enjoying that infamous Florida lifestyle that the whole world dreams about.  Think about it this way: you’re right on the doorstep of Disney and just a few blocks away from the tranquil turquoise waters of the Gulf of Mexico.

So if you’re looking for luxury living, but have a budget that’s more middle of the road, then don’t cross South Tampa homes for sale off of your list just yet.  Instead, we’re going to show you how you can get a fabulously luxurious home for just pennies on the dollar – and with all of that extra money, you can afford to take a vacation on your nearby beach or head to Orlando!

The Neighborhoods To Watch Out For.  Like most cities, neighborhoods in Tampa Bay are diverse, and knowing which ones are famous for their luxurious homes is key in finding great home.  Look for real estate in neighborhoods like Hyde Park, Davis Island and other real treasures that make living the good life a necessity.  Additionally, South Tampa overlooks Hillsborough Bay, so you can be sure that you’re always going to have a breathtaking view of the gorgeous and warm waters of Tampa Bay.

Don’t Forget The Foreclosure Market.  If you want to enjoy the kind of five-star living that South Tampa is known for, then try looking at South Tampa foreclosures.  As the housing crisis first hit the mansions of South Tampa, there’s a wealth of foreclosures that will allow you to live the infamous and luxurious Florida lifestyle.  Hire a real estate expert to help you sort through the foreclosures, or peruse through yourself on www.tampa2enjoy.com, as you can get fabulous deals for just a fraction of what the original owners paid.  For example, there’s currently a five bedroom 8 bath home on the market for just a paltry $250,000 – just imagine trying to get the same deal in any other city in the country.  It’s practically impossible.

Make An Educated Bid.  While there are plenty of homes on the market, South Tampa homes are highly desirable; therefore, you’ll be up against some pretty strong competition to nab that home of your dreams.  Don’t offer too low of a bid to an owner, as it’s likely that they’re looking for a more attractive price.  However, there is one exception to this rule: if the home has been on the market for more than six months, you can bet that the homeowner is just itching to move.  Therefore, he or she will be much more likely to take you up on a lower bid than an owner who’s just put a home up for sale.

Tampa Foreclosures: Has The Housing Market Hit Rock-Bottom?

Although the media has been championing the idea that the housing market has finally hit rock-bottom, the market for foreclosures tells a rather different story.  No one can deny that the foreclosure market has found quite a niche within the palm tree-lined streets of Tampa – and savvy investors and families looking to relocate are certainly benefiting!  Whether it’s a four-bedroom family home or a mansion with a view of the water, there’s a wealth of real estate options out there for every kind of buyer.  But with all of these great deals on the market today, many potential buyers of Tampa foreclosures are asking themselves a very important question: should they buy now, or wait until the housing market has truly hit rock-bottom?

It’s no wonder that these questions are being asked, especially when it come to Tampa foreclosures for sale.  This past February offered quite a shock to the country when foreclosure filings leapt to new heights; according to a special report from CNN, 74,000 homes were repossessed by banks in that month alone, compared to 67,000 in January.  While these numbers are on a national level, financial and real estate experts show that Tampa foreclosures are following the same pattern.  According to the Tampa Bay Business Journal, foreclosures in Tampa Bay skyrocketed by 22 percent in the first quarter of the year to a whopping 11,238 filings.  Just a few months ago, that number held at just 9,201 filings.

With this evidence in mind, it comes as no surprise that the foreclosure market doesn’t seem to be hitting rock-bottom anytime soon – and savvy buyers would be smart to wait another quarter to nab the best deal on that dream home.  As foreclosures in Tampa increase, this means that there’s suddenly an oversaturated market with too much supply to meet demand.  In order to attract buyers, bankers are now forced to slash prices on the repossessed homes, which means that you’ll stand a better chance of purchasing that four-bedroom family home for just pennies on the dollar.

Want an idea of the great bargains that are out there?  Let’s take a look at some of the hottest real estate bargains:

• A 3 bedroom, two bath home located on North Himes Avenue in Tampa comes with a roomy 1,639 sq. ft. to call home – and is listed at a price of only $85,000.
• Looking for a large home in the middle of a highly desirable and family-oriented community?  Then try checking out this home on Thornwood Lane in Tampa – you’ll get a two bedroom, three bath home for $345,000.  Given the community that this foreclosure is located in – and the fabulous Tampa surroundings – this is truly a bargain deal!
• Got a larger family that needs plenty of space to run around? Then you’ll love this little gem – a four bedroom, 8 bath home with 2,534 sq. ft. located on West Kathleen Street in Tampa is just $240,000! If you’ve been dreaming of purchasing a Tampa Bay luxury home near the Florida coast for some time now, then this home might just make your dream come true.

Tampa Real Estate Drops in First Quarter

As if Tampa Bay real estate prices weren’t low enough, the end of the first quarter saw home values continuing to drop, which suggests that Florida real estate hasn’t yet reached rock bottom.  For homeowners, this news won’t be so welcome – but if you’re a buyer looking to grab a slice of heaven in Tampa, then this season is a great time to start shopping around for the perfect home for you and your family.

Real estate experts are still convinced that Tampa has nowhere to go but down in 2009, especially as this is typically the season when home prices start to rise.  Try waiting a few months before purchasing your new home in Tampa to really take advantage of low prices – you’ll get a beautiful home in one of the most desirable cities in America!