SI Real Estate Tampa and The Beaches

 Benefits of Homeownership Outweigh the Pros of Renting Making the decision to buy a home can be a daunting one. Many people rule out purchasing a house, as it can feel intimidating and they don’t think they qualify. In reality, many renters have the qualifications and ability to become homeowners. It is a major financial decision but is also extremely rewarding and empowering to be able to own where you live. Here are 4 signs you may want to consider becoming a homeowner.   You love where you live and plan to stay for a while.   Renting is great for people that are new to the area and are unsure if that is where they want to live. If you’ve been living in your city for a few years and plan on settling there, it may be best to consider buying. Also, if you’ve been living there a while and working in the same industry, that will help you qualify for a loan. Mortgage lenders typically require at least 2 years of stable employment in the same industry to approve your loan. ...

If the thought of buying a home has crossed your mind lately, market conditions suggest that now may be the right time to make your move. The Real Estate market is reaching a critical point for home-buyers and conditions have not been better in the past 12 months. Many people dream of becoming homeowners, and mortgage rates, the qualification process and more seem to keep some home buyers on the side line.  Conditions for purchasing real estate have greatly improved. For example, according to this Housingwire article, 30-year fixed mortgage rates have hit a nine- month low.  In fact, mortgage rates have been declining for 5 weeks straight. Some may attribute this to 2014’s slow start to the fiscal year, but it’s evident that now is the time to buy a home to ensure the most affordable rate to make a house your home. If you’ve been renting or leasing a home over the past few years and are thinking about becoming a homeowner, the New York Times posted this in dep...

We encourage our readers to realize why real estate is such a valuable asset. It is the place you call “home” whether it is a rental or you own the home yourself. As previous blogs have emphasized in the past, the real estate market is changing. We are stabilizing out here in Tampa Bay and before prices start going to high we would like to review the top reasons why the majority of America still prefers owning their home over renting a property. Savings It can be a large misconception that owning a home is more expensive than renting a property. In today’s market where many renters are looking for the best properties for their money it is a very competitive market, driving rental prices up. In over 71% of America’s larger cities owning is cheaper than renting a comparable home. Looking in Tampa, you can rent a two bedrooms, two bath, and 1000 sq foot condo near Brandon/Tampa line for about $950-$1000 a month. If you wanted to own a brand new 1250 square foot townhome with two bedroo...