Category Archives: Tampa Short Sales
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Wednesday, February 8, 2012
Cash Investors could be driving down prices
Posted In Categories: Florida Homeowners, Tampa Foreclosures, Tampa Real Estate, Tampa Realtors, Tampa Short Sales
Some say that cash buyers, who are primarily investors, are driving down home prices. According to a survey taken of 2500 Realtors nationwide, cash buyers are purchasing homes for much lower prices than they normally would be selling for. Cash buyers are attractive to sellers because they can often close quickly and without as many contingencies to potentially keep a sale from going through. Because of the ability for a quick closing and the convience to the seller, these investors usually acquire properties for a better price. Some realtors feel that cash investors commanding so much of the current market may not be a bad thing. For example, in the tampa real estate market which has many neighborhoods filled with foreclosures it is viewed as positive when investors come in and purchase homes to get them off the market.
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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.
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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.
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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.
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Thursday, January 19, 2012
Homeowners Who Short Sale May Owe Federal Income Taxes in 2013
Posted In Categories: Tampa Foreclosures, Tampa Short Sales
Homeowners who have a short sale or foreclosure after this year may owe federal income taxes. A new law effective January 1, 2013 states that the amount the lender forgives in either a short sale or foreclosure for a primary residence will be subject to federal income taxes. In order to avoid this tax liability homeowners should complete short sales in 2012 and the bank must officially sign off in writing by December 31, 2012 forgiving the loan.
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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.
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Wednesday, March 30, 2011
Tampa Real Estate: Mortgage Rates Drop For Third Straight Week
Posted In Categories: Tampa Foreclosures, Tampa Real Estate, Tampa Short Sales
Tampa Real Estate
The average mortgage rates have declined for a third straight week, making home buying more affordable.
The 30-year fixed loan rate fell to 4.87 percent in the week ended March 3 from 4.95 percent a week ago, and the average 15-year rate fell to 4.15 percent, from 4.22 percent, according to Freddie Mac.
In the Tampa real estate market
sales have been strong and we’ve notice a lot more activity from home buyers. Most sales are coming from bank foreclosed homes and short sales. Prices aren’t expect to recover anytime soon but many people in the Tampa real estate market believe we are very near the bottom.
Homeward Real Estate
has several HAFA (Home Affordable Foreclosure Alternative) Certified agents. If you have questions regarding short selling your home, please call Homeward and ask for our short sale department. We can be reached at (813)441-0400.
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Short Sale help is all around.
Posted In Categories: Tampa Real Estate, Tampa Short Sales
Thinking of a short sale? If you are upside down in your home and struggling to make you mortgage payments there are programs available to help you either stay in your home our get an bank approval to sell your home
along with an acceptable price.When hiring someone to short sell your Tampa Area home hire someone with your best interest in mind. Before you list your home with a so called expert, Talk to one of our Hamp (Home Affordable Modification Program) – Hafa (Home Affordable Foreclosure Alternatives) certified agents and get the answers you need, no sugar coating, no fancy trust deals, just the facts and the assistance you need to make an informed decision.
Call Homeward Real Estate Today @ 813-404-0001 ask for our short sale department and let us help you get moving in the right direction.
