Viewing Entries Tagged: Short Sales
-
Thursday, February 2, 2012
Tampa Bay Home Prices could get a boost due to fewer Foreclsoures
Posted In Categories: Florida Homeowners, Tampa Foreclosures, Tampa Real Estate, Tampa Short Sales
Tampa Real Estate prices could get a boost due to fewer Foreclosures in the Bay area in 2012. Banks are allowing more short sales to prevent foreclosures from entering the market. With fewer Tampa Foreclosures available demand increases among investors looking for good deals. Local real estate experts are hopeful that this trend will help rejuvenate the Tampa Real Estate market in 2012.
-
Wednesday, February 1, 2012
Old Apartments Help Tampa Real Estate Market
Posted In Categories: Tampa Foreclosures, Tampa Real Estate, Tampa Short Sales
The Tampa Real Estate market has a high demand for rental properties. Cash investors are buying up old apartment buildings, many of which were foreclosed on, and doing major renovations to attract renters for higher monthly rents.
Many people who lost homes due to foreclosure are forced to rent because of the impact of the foreclosure on their credit. These previous homeowners typically do not want to lower their standard of living and want apartments that are newer with more upgrades.
Another benefit these newly renovated apartment buildings brings to the market is the opportunity for jobs for contractors and the increased neighborhood values and higher rents. Rentals are in high demand in the Tampa area and the once negative perception of renting is going away. Tampa homeowners who have recently done short sale or gone through a foreclosure are prime candidates for these newly renovated apartment buildings throughout the area.
-
Wednesday, January 25, 2012
5 ways to Gain Confidence in Short Sales
Posted In Categories: Tampa Realtors, Tampa Short Sales
1. Take a course to help you understand the Basics. National Association of Realtors Short Sale
and Foreclosure Resource Certification is one option.
2. Network with peers. Share issues and ideas to gain a well rounded perspective on the Short Sale market
3. Review pertinent federal and Florida guidelines. It’s not just the federal rules but
also what’s happening in Florida Short Sales, too.
4. Identify a Strategic Partner. That could be another salesperson in Tampa Real Estate with
the expertise and willingness to work with you or a third party company.
5. Seek your Broker’s guidance.
-
Wednesday, April 27, 2011
Short Sales: Things You Should Know Before You Start
Posted In Categories: Tampa Short Sales
Short Sale
In a short sale, the servicer allows the homeowner to list and sell the mortgaged property and agrees to accept the net proceeds from the sale even if the proceeds are less than the total amount due on the mortgage.
It doesn’t cost you anything to short sell your home
The services of a Realtor to list your home and negotiate the short sale with your lender is free to you. You do not pay for repairs to the home or any of the incidentals associated with selling your home.
All costs associated with the sale are paid from the proceeds of the sale of the home. When the lender approves the sale they are also approving what’s known as a HUD 1 or estimated sellers net proceeds from sale document. This document is a list of all costs of sale.
If you have questions about short sales please call us today at 813-441-0400 and ask for one of our Certified Short Sale Experts. Homeward Real Estate only hires experienced Realtors knowledgeable about the Tampa real estate market.
-
Thursday, April 21, 2011
Tampa Florida homes are getting more affordable… Again.
Posted In Categories: Tampa Real Estate
30-year fixed mortgage rates fell for the first time in five weeks, decreasing borrowing costs for the Tampa real estate market. The average 30-year rate dropped to 4.80 percent in the week ended April 21 from 4.91
percent, according to Freddie Mac. The 15-year rate averaged 4.02 percent, down from 4.13 percent a week ago.The housing market is still under pressure from unemployment near 9 percent, stricter loan rules and mounting foreclosures. Tampa home sales are strongest for homes selling for under $100,000, many of these are cash buyers, reflecting increased demand from investors.
Sales of existing homes increased 3.7 percent in March, with all-cash deals accounting for 35 percent of transactions, the highest since monthly tracking began in August 2008, according to National Association of Realtors. Distressed properties, which include foreclosures and short sales, made up 40 percent of all homes sold.
