Monthly Archives: March 2012

Retirees Find That Tampa Active Adult Communities Are Perfect For Them

When looking for a place to rest and relax after years of hard work, there’s nothing better than Tampa active adult communities for retirees. Most retirees arriving in Tampa choose Sun City Center homes, because they provide a great variety of housing options for senior citizens that have been especially constructed with those over 55 years of age in mind. The houses built here are small, but beautiful, making them much easier to clean and maintain.

What makes this city center so special? Everything about it, but also because there are age restrictions, and no one under the age of… Continue reading

Why You Should Get a Home Appraisal Carried Out

Whether you intend to sell your home or buy a new one, a home appraisal of your property will be of benefit to you. This process enables you to know the current worth of your home, which in the case of the seller will give him an idea of what his property is worth; and in the case of the buyer, whether the price being asked is worth the property he’s hoping to buy. Don’t also forget that the bank involved will be asking for home appraisal documents in order to process the loan for the potential buyer.

The cost… Continue reading

FHA Update – The Government Is Still Hurting The Housing Recovery

Effective April 1, 2012, the Federal Housing Administration (FHA) will definitely alter the method it considers on-going credit disagreements– such as collection agency claims in a buyer’s credit score– when accepting FHA home loan applications. The improvement does not impact any sort of debt the homebuyer still owes– only debts in row.

Presently, credit misunderstandings in a purchaser’s record bump the application to an FHA underwriter. Under the new guidelines, however, no FHA loan will definitely be approved for any sort of disagreement over $ 1,000. Volumes less than $ 1,000 shouldn’t impact loan approval unless it was ordered by… Continue reading

What To Consider When Buying Your First Home

Buying your first home is exciting, as well as daunting. The most important aspect in this regard is to have your finances in order. Being pre-approved for a mortgage means that you know what you can afford. Be ready to pull down a 1 – 2% percent good faith deposit on the home, and don’t forget to take into account incidental expenses such as association fees, inspection fees, taxes etc. so that you will not be caught off guard with unexpected costs.

When buying a new home, real estate agents consider the location as the most important factor. Your… Continue reading

Tampa Luxury Homes For Those With a Discerning Eye For Quality

If you want to relocate to an elite location, then Tampa luxury homes can provide the kind of lifestyle you’re looking for. There are only a few places that are naturally suitable to construct luxury homes that have all the modern amenities, as well as beautiful landscaping, and the most pleasant settings imaginable. When buying a new home you should not only consider the proximity to good schools in the area, but also the best of neighbors, and the shopping and dining available. It’s worth remembering that Tampa has the most stunning coastlines in the United States.

When people invest… Continue reading

The Truth About Buying Vs. Renting a Home

image of tampa affordable housing chartSince the housing bubble explosion, it seems to be like everybody and their mother can’t cease discussing just what a fantastic time it is right now to get a residence, but how great is it really? After years of watching property prices drop like flies and rental markets tightening up far better than pair of Spanx, it’s safe to say that home ownership is really budget friendly practically all over. In fact, it is now less expensive to own than to lease in 98 of the 100 most populous metros– featuring (shocker!) pricey locations to live like New York, Los… Continue reading

Lance Mohr Moves To Future Home Realty In Tampa

Lance Mohr has joined Future Home Realty as one of their real estate agents covering the Tampa Bay area. He is a fully licensed real estate broker of Florida and brings to the company over a decades’ experience handling real estate transactions in Florida, California, Utah and Texas.

Lance started his career in Southern California as a mechanical engineer in a national telecoms company before rising to the position of regional manager. After seven years in this field, he made the decision to enter into the mortgage industry. Within five years, Lance had acquired a solid reputation as a leading… Continue reading

The $26 Billion Settlement Good for Florida

Although Florida has seen some positive trends in the housing market as from 2011, it still has the enormous backlog of over 350,000 foreclosure cases pending hearings in courts. The recent $26 billion dollar settlement deal reached with the five major banks will provide much needed funds to allow revaluation of the principal amounts outstanding on mortgages. Although there has been a slowdown in the number of foreclosure cases filed, there are new cases every day. This deal is just what is needed to stem the flow.

Many Florida home owners have still managed to hold on to their homes… Continue reading

Tampa Is One of the Best Rental Markets In US

Just this last year, Tampa Bay has been ranked as one of the best markets to have a rental property. The upsurge in job opportunities in the service sector has seen an increase in the number of renters in the area. Most Florida banks have been hard hit by the housing market meltdown and have grown increasingly difficult to borrow home loans from. Thus many are opting to simply rent. Many out of town folk have taken to purchasing residences in the area, fixing them up and renting them out. Most estate agent firms are reporting an occupancy rate of… Continue reading

Florida Housing Trend Leads the Way

Data compiled by Realtor.com indicates that the national median age of housing inventories in January 2012 is down by almost the 5% compared to the same period last year. With all the negative reports that came out of Florida these last few years, it is good to see the state getting some positive publicity. Several cities including Tampa-St. Petersburg-Clearwater, Orlando, Miami and Fort Lauderdale have reported over 30% drop in sale inventory.

Another seven out of the top 10 cities with the highest rise in median housing prices were also from Florida. Miami, Fort Myers-Cape Coral, Punta Gorda,… Continue reading