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Short Sale Foreclosure
Confusion? |
Foreclosures and short sales offer many opportunities and challenges when buying a home.
A short sale is where the seller is trying to sell their home in which they owe more than the current value and loan amount. Short sales involve a longer sale or purchase timeline than traditional real estate sales because of the time required to negotiate with the lender from both the seller and buyer perspective.
Foreclosure (also referred to as REO) are when a lender has taken a property back from a property owner and now owns the property. Foreclosures offer deeply discounted buying opportunities but come with "As-Is" conditions generally.
If you are trying to figure out what your home is worth or trying to navigate the Short Sale/ Foreclosure markets, please feel free to contact us to discuss how we can help. Caryn Johnson and Steve Armstrong have years of experience working under the new reality of purchasing and selling a home with the financial obstacles of today's market. | | |
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Where are the real estate deals in Tampa Bay?
Tampa real estate market activity has been feverish in 2011, where buyers have acknowledged that
prices are right for deals. According to the Greater Tampa Association of Realtors' statistics, the available supply of listings has dropped from 11.1 months of available inventory in January down to
6.4
in November.
Good quality inventory is particularly tight in the listing price range under $350,000.
Tampa's market sales activity is up over 13% over 2010 with over 20,618 sales through November 2011 in Hillsborough County
In Pinellas County according to the MLS statistics there were approximately 14,683 sales with the average sale price for homes, condos, villas, duplexes and townhomes of $183,000 at the time of this newsletter.
The highest price home in Pinellas County sold for $9 million on Brifhtwaters Boulevard in St. Petersburg and in Tampa the highest price sale was on Bayshore Boulevard which sold for over $10 million.
With processes in place for short sales and foreclosures by major banks, even the unknown associated with buying these homes have become easier. Buyers looking for a nice deal have to act fast because quality properties move fast. Remember the golden rule of real estate "Location, Location, Location!" |
New Waterfront Listing
St Petersburg Snell Isle Brightwaters Blvd If you are looking for a taste of "Old Florida" with 120 feet of Tampa Bay front with the opportunity to expand, this 1938 home on 1.5 lots offers an exclusive Brightwaters address and room to expand. We invite you to visit this Snell Isle Home!
 | | 1385 Brightwaters Boulevard NE |
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 | | Certify your Florida Home Green |
Certify your new construction Green
Florida Green Building Coalition-Certifying Agent
Steve Armstrong is a FGBC Certifying Agent for the Florida Green Building Coalition.
For builders, developers and home owners there is a way to identify your home and its construction as 'green" The Florida Green Building Coaltion is dedicated to helping Florida Homes become more energy efficient and identify sustainable building approaches.
Consumers see vallue in Green building which can also provide side benefits as reducing electric bills and improving the overall health of an environment. Additionally green homes are sought after and can increase the value of a home.
To obtain a FGBC green Home certification, you must adhere to green building practicies and have a certifying agent submit your home for certification. I can help to provide insight into the process and requirements. More information
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 | | BayToBeaches New Sign rider |
As you may notice, we decided it was time for a name change. We are moving from the UniqueTampaHomes team to BayToBeach team. This new name represents our market coverage which has been more than just Tampa.
With the advent of new web technologies , we like to find ways to integrate that into the real estate market. In case haven't seen a QR code, they are very simply barcodes that a smart phone using the camera can capture and translate into a web link.
If you have a smart phone like a iPhone or Droid, you can download QR code Apps that read that code and link it the the appropriate information.
You will start to see the Bay to Beaches sign riders with a QR code making it easier for someone to obtain information about a specific property or get to our web site. Another way we are using the web to market properties and drive buyer to view you home.
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On the Commercial Front
TampaCommercialRE.NET The Tampa commercial marketplace has also had its challenges this year. Sales have been hampered by difficult financing terms and weak demand for office, retail and industrial space According to LoopNet, the average asking lease rate for office properties in the Tampa metro area for the month was $16.12 per square foot. This is down 1.3% from the previous year, and down 0.2% from the end of the third quarter of 2011. This month, asking lease rates for office properties are at their lowest in three years. Prior to this, the record three-year low was last month at $16.15. The three-year high for asking rates is $17.81, which was set in November 2008.
With so many opportunities in the market, let us help you find your commercial space. |
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| Rates at Historic Lows |
Learn more about how you can avoid overpaying over time by locking in interest rates before they go higher. Rates have moved from historic levels of 3% up to the 6%....NOW is a great time to buy! |
| Useful Resources | | Home Search
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The Bay to Beaches Team Moves Real Estate!
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Unique 3/3.5 Modern South Tampa
SOLD |
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Waterfront Boaters Paradise-SOLD |
By using our approach of marketing homes using the Internet, traditional media and hard work; these are examples of homes where we helped our clients sell their homes in a difficult market.
Pending
Bayshore Boulevard $1,998,000
Corona Street $259,900
Harbour House Hair Salon $142,000
Snell Isle Boulevard $109,900 |
| Commercial Leases 2011 | |
The Bay to Beaches team was able to assist our clients find commercial space in 2011 at exceptional values.
 | | Rivergate Tower |
 | | Lakeside Technology Park |
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| The New St. Pete Pier |
As you may know, the historic St. Petersburg pier is starting to look for it's next new look. Although we will miss this landmark, change is good!
 | | The St. Pete Pier |
Check out the new designs submitted for consideration |
| Wishing you a Successful 2012! |
Happy New Year!
2012 |
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