Things To Think About, When Buying Tampa Waterfront Property

Tampa is one of the few metropolitan areas where you can find plenty of waterfront property. When thinking about purchasing Tampa waterfront property, you have to decide what kind of waterfront you desire and whether you’re looking for a Tampa waterfront home or a Tampa condo, instead. Fishing, boating and water activities are favorite past-times in the area and there are plenty of places to consider.

Tampa waterfront properties may include beaches, bay-frontage, lakes that allow motorized vehicles or those that don’t. You may need to decide whether you prefer to live on a river or retention pond. There are plenty of inland lakes, even if you can’t afford to live on the Gulf or on Tampa Bay.

The closer you get to the water, the pricier the property is going to be. Over on the west side of Tampa Bay, St. Petersburg, Clearwater and the Gulf frontage are very pricey. If you go to the Tampa Bay area and the causeway, boaters may find many high-rise condos and lofts to be the ideal consideration, even though the water is a little murkier.

Apollo Beach is a newer waterfront area, being built-up in the last couple decades. For those seeking newer properties, this area may offer an affordable solution, even though the commute to downtown Tampa is a short drive further.

The Hillsborough River has many fine properties, although it has alligators and some of the other inland lakes have alligators. Those bodies of water that allow water-skiing usually don’t have alligators, but you have to be willing to tolerate the sound and action of motorized traffic. Even retention ponds will have alligators, but you’ll come to expect that in Florida, regardless of where you purchase your Tampa waterfront property.

Advice On Hiring A Tampa Real Estate Agent To Sell Your Home

If you’re trying to sell your home and you want to enlist the services of a Tampa Real Estate Agent, it helps to interview them and ask questions that are important to you. You may need to “interview” a few agents, before you find one that fits your needs. Don’t just hire the ones that tell you what you want to hear, because pricing your home too high will cause you to miss many qualified buyers.

Other advice on hiring a listing agent to sell your home may include asking whether they primarily work with buyers or sellers. Ask whether they have possible buyers that might be looking for your type of home, for example. If you have received their name as a recommendation from a friend, you may have fewer questions, but don’t only hire a Tampa Realtor because they are related to somebody or they are just starting in the real estate business.

You have to approach the process like an employer, since you’ll be paying them a commission and they will be working for you. Obviously, you want an agent that knows how to list your property properly, but marketing is the most important part of selling your home. Look at the agent’s website and see what kind of online marketing they plan to do with your home.

After you’ve interviewed Tampa listing agents you are most interested in, don’t be afraid to ask more questions. Before you narrow your choices down to the final two Tampa listing agents, you want to be sure you’ve gotten all the answers you need, in order to make the right decision. Selling your Tampa home quickly and for the best price can depend on hiring the right Tampa Realtor.

Why Home Buyers May Prefer The Apollo Beach Area Of Tampa

When home buyers start searching for properties in the Tampa area, The Apollo Beach area of Tampa may be the solution they settle on. This is a newer part of the Tampa Bay-located in the south of Hillsborough County. In recent years, Apollo Beach homes have gained in popularity, because the area is newer, has easy access to Interstate 75 and there are plenty of Apollo Beach waterfront homes and condos for sale, starting in the low $100, 000’s.

Apollo Beach real estate features newer subdivision communities of Andalucia, Symphony Isles and Mirabay. Covington Park is nearby and the Apollo Beach Golf Club is a centrally-located hot-spot for those golfers who love golfing on a Robert Trent Jones golf course. Bal Harbour, Caribbean Isles, Beach Club Estates and Island Walk or Golf and Sea Village of Apollo Beach, are other popular subdivision communities.

Water sports may be the most popular activity in Apollo Beach and the pristine sands of less-populated beaches are nearby. It’s conveniently-located a half hour away from Tampa’s downtown, for commuting, but you are close to Bradenton and Sarasota.

Now may be a great time to consider Apollo Beach real estate investment, since the median price of homes sold has dropped significantly since 2007. While Apollo Beach waterfront homes have held their value fairly well through the recent housing market decline, many of the condominiums are being offered at reduced prices.

Apollo Beach homes and condos offer a great opportunity to get a good deal on some of the best Tampa waterfront properties in the Bay area. There are plenty of Apollo Beach real estate options, located just a close drive away from the Bayfront, and these may offer the best values, for the average home-buyer.

Are You Contemplating A Short Sale On Your Home In Tampa?

If you need to sell your Tampa home, but you owe more than the home is worth, you aren’t alone. An estimated 19% to 35% of home and condo listings in the Tampa Bay and Hillsborough County areas are approved for a short sale. If you’re contemplating a short sale on your home, you’ll want to engage the services of a Realtor, experienced in the short sale process.

There are requirements you’ll need to meet, before you can put together a short sale on your home. To qualify, some questions to answer include:

  • Are you “underwater” on your mortgage?
  • Are you under financial hardship, such as a job loss, divorce or medical emergency?
  • Can you provide financial documentation to justify why you can no longer pay your mortgage?
  • Have you stopped paying your mortgage?

f you pass these criteria, you’ll need to provide the documentation referred to as “the seller’s short sale package”. The letter of authorization from your real estate agent, the HUD-1 or preliminary net sheet, completed financial statement, seller’s hardship letter and a comparative market analysis, are required. You will need to provide 2 years of tax returns and 2 years of W-2s, along with recent payroll stubs and your last 2 months of bank statements.

You might think of this as an un-qualifying process, since it is some of the same paperwork required to qualify you for the mortgage, to begin with. Once approval has been made to market the home with short sale possibilities, a buyer’s package will need to be submitted. A Tampa Realtor familiar with the process may submit both packages, together. The process can be a little time-consuming, but worthwhile to pursue, for distressed sellers.

Easy Steps To Save Time, When Searching For Tampa Homes Online

When searching for Tampa homes online, there are a few simple steps you can take, to save hours of time searching. It’s a well-known fact you buy the community first, and not the home, so narrowing down the area helps you find the home of your dreams.

If you are coming from out-of-the-area, you may just want to pick up the phone and call a Tampa Realtor. They can help you narrow down your preferred community or subdivision. When searching for certain amenities, schools or home features, your Tampa real estate professional can be the best resource. Make sure they really understand what you’re looking for.

To make the home-buying process easier, you have to like the area you are living in. If you don’t like the street or the community, you need to change your search. You also need to consider the elevation of the homes or the area. If you don’t really like the exterior location, it isn’t something you can change. Look for the ideal floor-plan, since a major remodeling task isn’t something you should undertake and changing the structure of the home isn’t a good idea.

A Realtor can help you find the best community or subdivision and if you are relying on some of the real estate websites, you might be looking at out-dated information. You can sign up for free access to the Tampa MLS through ListingBook, which offers better information on the area than outdated websites like Trulia or Zillow.

You can have fun searching for Tampa homes, following a few simple guidelines. Think community or subdivision first, and start narrowing down homes that meet your criteria. A real estate agent can help you save time and help you find bargains on Tampa homes.

How A Short Sale Works In Tampa

There are 19% to 35% of Tampa homes and condos available with short sale possibilities. Understanding how a short sale works begins with the seller, since not all sellers are qualified for a short sale. The bank has to approve the seller for a short sale arrangement, based on financial hardship and the seller has to owe more than the home is worth.

As a home seller in Tampa, you may qualify if you are “underwater” on your mortgage and you are faced with bankruptcy, death, unemployment or reduced income, divorce, medical emergency or out of town job transfer. It may be 2 to 3 more years before you can buy another home, even if your credit score qualifies, so you should think carefully about this option.

For the buyer of a Tampa short sale home, the real estate agent should provide a list of comparable sales, since you can assume the bank will want something close to the current market value. Many buyers are under the misconception that banks are giving away these properties, but they aren’t.

You can still get a good deal if the listing agent puts together an offer package, consisting of: the listing agreement, executed purchase offer, buyer’s preapproval and copy of earnest money check, along with the seller’s short sale package of documents.

The bank will acknowledge a copy of the file and a negotiator will be assigned. A BPO or broker price opinion will be ordered, which is similar to an appraisal. An additional negotiator will be assigned and the file is sent for review. All parties may need to sign an “arms-length” agreement and the bank will issue a short sale approval letter. The process can take 90 to 120 days, on the average.

Is Your Tampa Real Estate Agent Technologically-Savvy?

It used to be that you had to judge a Tampa real estate agent by how quickly they called you back or how many “ready-to-buy” prospects they had in their pocket. Other home sellers might judge a listing agent by the number of open houses they planned to hold, but with advances in technology, more buyers use their computer or Smartphone, to find a new home.

Your Tampa real estate agent needs to be technologically-savvy, to place your home on the Internet places it needs to be. When selling your home, it’s helpful to know the majority of Tampa Realtors list their properties on Realtor.com, Trulia.com or their broker’s website. Sometimes, websites like Trulia or Zillow aren’t always up-to-date, so the broker’s website is important.

What this means is you should investigate a broker’s website, before you ever decide to list your home with them. Many home buyers will utilize websites of Tampa Realtors that offer a free sign-up to the Tampa MLS or ListingBook, on their website. Virtual tours allow many potential buyers to look at your home, without an appointment. Technology has made the home-selling process easier and more effective.

In the 2011 Realtor technology statistics, 90% of agents belong to social networks and they primarily use the same three Internet places, which are their broker’s website, Realtor.com and Trulia.com. A Tampa Realtor can place your home on hundreds of cooperating brokers’ websites, if you select a technologically-savvy Tampa real estate agent.

When selling your Tampa home in today’s market, you need a real estate agent that keeps up with the times. Advances in technology make it easier to sell your Tampa home, assuming you find a Tampa real estate agent that knows how to take advantage of these marketing techniques.