What’s Going on in Real Estate in Tampa?

Tons! First of all, international real estate sales are strong. The weaker US dollar is making our homes look like bargains to many Europeans and Canadians. They are smart to buy now, and will take advantage of much more buying power than last year.

There are many Tampa Bay Short Sales and sadly many more are emerging every week. Buying one is not for the meek and mild however, they can takes months and they can be very frustrating to say the least. But, simply put you may get to buy the house for less than its worth, as long as the owner’s lender approves.

If the short sale falls through or doesn’t generate a sale, the home goes into foreclosure and becomes a bank owned property allowing for even greater savings. Foreclosures and bank owned property are some of the most popular finds for strong bargain hunters and investors who don’t mind a fixer upper or a little elbow grease.

New Homes Sales are finally bottoming out. Get in on a great deal while builders slash prices to stay solvent. Many expensive luxury homes have some interesting price tags right now with all the upgrades you can dream up.

Rental market is ever changing. More rentals due to foreclosures and investors not being able to unload homes and condos makes for lots of choices and bargaining power for renters. Many landlords are taking pets, lower deposits, and short terms to appeal to more renters.

Motivated sellers and bargain thirsty buyers will help to drive up sales and lower inventory throughout the year. This should help to stabilize the market once again. Currently, with summer approaching many would-be buyers are seriously considering their offers believing that the market is bottoming out.

The Lipply Real Estate team serves the entire Tampa Real Estate area with outstanding customer service. Our full time agents work everyday and are ready and able to help you with questions, showings, and contracts. Our website is equipped with a fully customizable Tampa MLS search tool, where you will find thousands of homes.

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