Fox Business News asked David Michonski, CEO of Coldwell Banker Hunt Kennedy and a member of the National Association of REALTORS®, about the government bailout of financial institutions that are dealing with the growing number of loans in default. Michonski believes the bailout is good news for the housing market. Watch the video.
Do you want to trade-up to a larger home, but can’t seem to rationalize “taking a loss” on your current home in the Tampa Bay area?
Consider this example: the Jones purchased their Odessa home for $200,000 in 2005. Now they want to buy a larger home in Westchase, but the market has depreciated by 20%. The Jones do not feel that they will be able to sell their $200,000 home without taking a loss and still be able to purchase the $400,000 home they want in Westchase.
CAN THEY AFFORD TO MOVE UP? Yes! If the old home was purchased for $200,000 and declined by 20%, then the value decreased by $40,000 to $160,000. The new/larger home that was worth $400,000 has also declined in value by 20% ($80,000) to a value of $320,000.
Hence the $40,00 loss on the old home would be offset by the $80,000 savings on the new home in Westchase – resulting in a gain $40,000 by moving up. Contact Team Bohannon today to schedule an appointment.
– by dale bohannon
The 3rd Annual New Tampa Arts Festival will take place Saturday November 15th and Sunday November 16th in the heart of New Tampa, near the Publix Shopping Center at Bruce B. Downs and Tampa Palms Boulevard. The New Tampa Community Council has invited all artists who desire to take part to join them in this 3rd Annual New Tampa Arts Festival. On the last day a purse of $6,750 will be handed out to 8 selected artists. In addition local businesses are urged to contact the Festival committee for advertising opportunities, specifically Business Sponsorships. Thousands of people will attend the Festival, creating optimum exposure for local businesses. The New Tampa Community Council and the Hillsborough Arts Council will join forces in the planning and presenting of the 3rd Annual New Tampa Arts Festival. For information on attending, taking part or business opportunities contact by Email: firstname.lastname@example.org, the Hotline at (813) 293-2464 or call the Event Coordinator, Frank Margarella, at (813) 244-5762.
With a stunning landscape and well-planned communities New Tampa is the fastest growing area in Hillsborough County. The communities are incredibly well-planned, working within each natural setting and leaving nothing out. Lifestyle is at the forefront in New Tampa offering sports, recreation, nature parks, excellent golf courses, tennis facilities, swimming facilities, and nature trails as well as shopping, fine dining, great schools and libraries. For a complimentary search of available real estate in New Tampa go to www.intampaflorida.com today. Team Bohannon offers the expertise you need to find the property that best suits you. For the best in Tampa Real Estate contact Team Bohannon today, 800-373-4708.
Cory Lake Isles is a New Tampa Community where families fit in. Saturday October 4 there will be a Free Family Festival in Cory Lake Isles. Entitled Fall Fusion, the family festival will be the first free family festival held in Cory Lake Isles. Fall Fusion, sponsored by 25 family-based businesses, will take place from 3 p.m. to 7 p.m. at the Cory Lake Isles Professional Park at 10311 Cross Creek Boulevard on Saturday October 4th. Come enjoy food, fun and prizes in the first Annual Fall Fusion, a celebration of family in the family community of Cory Lake Isles. For more information call Kim Thompson at (813) 994-2000.
Cory Lake Isles is a New Tampa community which offers an amazing quality of life for its residents. With a community center, well-planned residential neighborhoods, shops, restaurants and more Cory Lake Isles has everything you are looking for. If you would like an in-depth look at real estate in Cory Lake Isles call me, Annette Bohannon, today at 800-373-4708. Please feel free to visit my web site and our complimentary Tampa Bay MLS search as well. The complimentary Tampa MLS search will give you access to all available real estate in the Tampa area. My team and I are well-versed in Tampa Real Estate and have years of experience behind us. If you want the best in knowledge and information contact Team Bohannon today.
Under the new Fannie Mae guidelines (8-16-2008), the impact of a Foreclosure on a borrowers’ credit worthiness is considerable. Homeowners who have had a foreclosure will not be eligible for financing for a period of five years! By contrast, homeowners who opt for a Short Sale are eligible in 2 years. For any Tampa homeowners who are discouraged and might consider just “letting it go into foreclosure”, the new guidelines are very bad news….we urge you to investigate a short sale. Call Team Bohannon today for details.
– by dale bohannon
WellDyneRx, Jabil Circuit, Inc., L-3 Aviation Recorders, and Charles Stark Draper Laboratory are all companies committed to the Tampa Bay area. WellDyneRX is a national pharmacy benefit management company which is expanding over three-fold and opening a new 66,000-square-foot facility in Lakeland, Florida. The company’s expansion will be creating at least 670 new high-wage jobs. Jabil Circuit, Inc. has committed to keeping its headquarters in St. Petersburg, Florida, and is building new headquarters. The company already has 1,838 employees and is planning on hiring an additional 858 employees over the next few years. L-# Aviation Recorders has committed to staying in Tampa and expanding. Charles Stark Draper Laboratory is expanding and has committed to creating 165 jobs with an average wage of $75,000.
The commitments of these four well-established businesses is a great bonus for Tampa Bay in a tough national economic climate. Tampa Bay has big business, jobs and a fantastic lifestyle. If you are interested in looking at property in Tampa call me, Annette Bohannon, today at 800-373-4708. It is a great time to be a buyer of Tampa Bay Real Estate. For the best in Tampa Real Estate information call Team Bohannon today.