Interest rates are very low today by historical standards....and they are on the rise. If you plan to have a mortgage on your next home, then act today. An increase in mortgage rates could wipe out any anticipated reduction in your monthly payment that you may have realized from Tampa's lower home prices. While the Jimmy Carter era saw interest rates soar to 18% and push home ownership out of … [Read more...]
Would you like a 28% discount on your property taxes, home owners insurance, PMI, title insurance, intangible tax, escrows, and your mortgage payment? Would you like to find your Tampa dream home for nearly 1/3 off? It feels good to pay 1/3 less than the person sitting next to you on an airplane flight, but it feels even better to pay 1/3 less than the person living next door. Many of the … [Read more...]
Don't wait till the new year to sell your home in the Tampa Bay area. While there may be fewer buyers looking for homes during the holiday season, the ones who are looking tend to be more serious. We have always found November and December to be excellent months to sell homes. Why? Families are still moving to Tampa, and many time their moves during the break in the school year. Homes look … [Read more...]
How much of a discount off of the asking price can you expect when purchasing a home in Tampa? An analysis of Hillsborough County residential sales data reveals that the answer has remained constant: 6%. Homes that are priced correctly from the start can expect to sell within 45 days; while homes that are initially listed with unrealistic prices must undergo price reductions before eventually … [Read more...]
According to a St Pete Times analysis of residential sales data, one Realtor & Real Estate Team has emerged as the "Most Consistent" in Tampa Bay. The St Pete Times analyzed Realtor-by-Realtor home sale totals to compare thousands of realtors as compiled by the Kenst Report. The article names Team Bohannon as a top-five local producer every year since 2003. The Times quotes Annette … [Read more...]
How long are Tampa homes on the market before going under contract? The answer depends upon many factors: well priced home in good condition still sell within a month or two, while over priced homes do not sell. The answer also varies by the price range and location of the home. The chart below shows overall DAYS ON MARKET statistics as compiled from the Tampa Multiple Listing Service (MLS) by … [Read more...]
Which company sells the most homes in Tampa? The cart below shows the number of homes sold in Hillsborough County over the last 12 months by the top 5 brokers. Once again, Coldwell Banker Residential Real Estate Inc. has earned top honors by selling more homes than the next 4 rivals combined; and by selling an astounding 3.6 times as many Tampa homes as the 2nd place brokerage. (data by … [Read more...]
There are fewer homes available for sale in Tampa. A study of housing sales data reveals that inventory levels in Hillsborough County and Pasco County have declined from 24.4 months in January to 15.3 months of inventory in October 2008. The data was compiled through the Multiple Listing Service (MLS) and includes homes for sale by Tampa Realtors – which usually represent 85% of all home sales … [Read more...]
Realtors marvel at the cognitive dissonance that we hear every day from potential home sellers in the Tampa Bay region. The conversation usually starts like this: "I know the market has gone down and this might not be the best time to sell, but my home is really special...can you tell me how much my home is worth?" While it is not true for everyone, an amazing percentage of people read the … [Read more...]
