SI Real Estate Tampa and The Beaches

  Hundreds of Northerners are Moving to Florida Each Day When Florida comes to mind, many used to think of a vacation spot or a place to eventually retire. This has all changed over time, but especially in 2020. Florida has become one of the hottest places to relocate due to the Coronavirus. According to the Daily Mail, around 950 people move to the Sunshine State each day. According to a Douglas Elliman August report, new contracts for single-family homes and condominiums continued to rise in Pinellas and Hillsborough County — after having doubled in July.   The Coronavirus lockdown resulted in many people reflecting on their lifestyles, especially for people that received work from home orders. Those living in major cities began to realize that working and living in a tiny one-bedroom apartment was just not ideal. Close living quarters in apartment buildings also began to make residents feel uneasy with social distancing becoming the new normal. The desire for outdoor sp...

According to Zillow.com, real estate inventory remains low in the US housing market nationwide. With such a significant shortage in inventory and such high demand; homes are becoming more difficult to come by for many first-time buyers. Low inventory continues to be a collective frustration in the real estate market, specifically in the affordable price bracket.  According to Zillow Real Estate Market Reports, the inventory constraints on the affordable side of the market make it particularly tough for entry level buyers.  Buyers are not finding ample options, while the costs of affordable homes continue to rise.   Reports indicate that in addition to the low numbers of affordable homes for sale, home buyers with traditional financing are still competing with all cash buyers in today’s market. According to Zillow, “more than one third of all sales of the lowest-priced homes were made with cash.” In cities such as Tampa Bay, Miami, and Detroit, more than eighty p...

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...

Buying a new home can be very exciting, it is important that still being a savvy buyer while getting what you want in your new home. One of the most overlooked factors in a new home purchase is buyer representation . Although many builders are great and have great new homes sales consultants, as a buyer you need to have your own personal advocate and representative! Before viewing new construction homes and reviewing options, it is prudent to speak to a local agent who is familiar with the process and the area. The prime example of real estate buyers seeking to go it alone is on new construction. Builders make it so convenient and easy to walk into a new community and get set up for your new home. Why would anyone consider having a buyer’s agent with them when viewing new construction? The following represent a few examples of your benefits: Free Representation The most important factor for any buyer having a designated agent is representation. This professional is your expert ...

In 2011, real estate remains a true buyer’s market. In Tampa, prices are the lowest in the last decade and interest rates at historic lows, now is the time to purchase real estate. Whether it is your dream home, a vacation home, or an investment property you need to make sure you are looking at the big picture. Buyers now more than ever need to be savvy to recognize the good value when they see it. Realty Times just published an article this week, “ Savvy Buyers Know Value When They See It ”. In this PJ Wade , compiles a list that all buyers should review before their next real estate purchase. She reminds all buyers that you do not need to approve of a sellers color scheme or décor, rather look beyond superficial things to the bones of a home. To help keep you on track during your purchase remember this important tips. Be prepared if the first showing is the right place Most buyers are anticipating the first house to not meet their expectations. If you go into the first house ...

In a real estate market where everyone is holding their breath and waiting for updates on where the market is going, it is important to remember the basics. The reasons you should buy a property or reasons to sell a home. Below is list of the most common reasons to sell your home. Ability to make Profit Real Estate is a large investment, for most families the largest they have. When there is an abundance of equity in a property, or if they owners feel they can benefit from taking advantage of the buyers' market, it is a good time to sell. The real estate market is changing every day, right now we are in a buyer’s market but that may be changing. Take advantage of the rush of buyers while they are available. Relocation Relocation may be a necessary next step in your life, maybe to follow a job, or maybe to choose a new location. Whatever the reason for relocation, homeowners have a big decision to make. Owners can turn into landlords or sellers. Most individuals feel more pe...

When undertaking the experience of purchasing a home, there are lots of important decisions to make. For instance, if you want a detached home or a community lifestyle, how many rooms, what are you willing to spend? The first and most important question any buyer or investor should ask is what locality do I want to be in. You hear real estate professionals stress this factor often, location, location, location! It truly is the single most important factor on any real estate purchase. If you put the exact same house on two different lots in different areas of town, they will hold different values. How do you decide what vicinity is the best for you? Economic Factors Does this city have a high percentage of unemployment ? Are there a large number of foreclosures? This is a shaky topic for a lot of Americans right now. Many people have unfortunately been let go of their jobs and are forced to default on loans and are not finding work easily. However if an area’s unemployment rate i...

3 BD/3.5 BA/2 CG/Boatslip $325,000  MLS: T2465135 $2,000 per month   MLS: T2460929 This week we wanted to present a beautiful property for you to view. This is a luxury waterfront townhome that is currently listed for sale and for rent. This beautiful home has three stories with three bedroom and three and a half bathrooms. You will be dazzled by the great attention to detail. It features lovely Plantation shutters, designer chandeliers, carpet and ceramic tile flooring throughout. There is a first floor game room features full cabinet wet bar, refrigerator and a full bathroom, along with an attached deck that leads to nature conservation. The gorgeous kitchen is updated with new applicances, gorgoues wood cabinets and an island for entertaining. This Spinnaker Cove townhome also includes an additional deck off of the second floor living area with views of the natural and tropical Florida landscaping. Most of all, this property includes access to a 40 ft. boat slip w...

Real estate conditions in Tampa, Florida make it genuinely a “Buyer’s Market” now. Whether you are a first-time home buyer, a move-up home buyer, vacation or second home buyer, or a real estate investor, THE TIME TO BUY IS NOW!!! Take into account the fact that interest rates are hovering at near record lows. For those buyers are able to take advantage of interest rates at or below 5%, it is simply a smart business decision. The combination of fantastic interest rates bundled with record affordability of property prices makes it a no brainer. Right now appears to be the best time for bargain hunters to grab aggressively priced properties that will grow in value. Consider the fact that housing prices have fallen dramatically in many areas. As Warren Buffet says, “Buy low and sell high”. As prices stabilize and the market conditions change, smart investors are realizing tremendous financial potential by taking advantage of current real estate market conditions. Wouldn’t you like to b...

First-time home buyers dominated the Tampa real estate market in 2009 and that trend is expected to continue into the first quarter of 2010. The 2009 First Time Home Buyer tax credit has been extended so that those with a binding contract on or before April 30, 2010, and closing before June 30, 2010, will be able to take advantage of this fantastic opportunity. That combined with fire sale real estate prices will create a second wave of first-time home buyers eager to take advantage of the benefits of homeownership. It will be forthcoming first quarter 2010 according to real estate market forecasts. Paul Bishop, vice president of research of the National Association of Realtors stated in an article titled  NAR Survey First-Time Home Buyers Set Record in Past Year that “several factors have been at play. Tax incentives, record high affordability conditions and pent-up demand brought a record share of first-time home buyers into the market. These buyers are critical to housing and ...

Student housing makes up the majority of costs when sending a child off to school. Instead of giving more of your money to the University or landlords, why not invest in Tampa real estate market and produce an income? SI Real Estate can assist you in locating a real estate property for your eager student that will provide safe, affordable housing, while at the same time contributing to your family’s investment portfolio and build your student’s credit while they are still in school. Now is an excellent time to take advantage of the real estate market’s drastically reduced prices and our historically low interest rates. An investment in a condo or townhome now could prove to be a valuable asset four, five, or six years in the future, after the degree is earned. Make graduation not only a joyous occasion, but also a lucrative one! Why not join the savvy investor minded families who are enjoying real estate investment properties? After graduation, rent your property or sell in for profit...

The dream of home ownership is now more accessible than it has been in years, and for many Americans owning a home is still the American dream. If you are not financially prepared, today’s excellent deals may pass you by. Try some of these money saving tips to add more cash to your future home fund: - Take a fixed amount from every paycheck and make sure it goes directly into your savings account. This can be a fixed percentage (10%) or a fixed amount ($200.00). - Create and closely watch your budget. Many people have no idea where there money goes every week or month. Watching where you spend your money may surprise you and you may not be so quick to buy lattes 5 days a week. - When you go shopping, make a list and stick to it. Get only what you need and forget about the extras that you don’t. - Cut back on utilities. Do you need all 10 HBO channels? Do you use 3-way calling? Probably not. Do away with them and you will be surprised by how much you will save each month. - Have a garag...

Waterfront, Custom Designed 2 Story Home for Sale. Just reduced by $100,000.00! Located in the Prestigious Keystone area of Odessa, Florida. If luxury is what you seek, this home is for you!! This spacious, 3300 square foot, 3BR, home has it all including 25ft. ceilings, a unique sunken great room, formal living and dining room, and a fantastic master suite with stunning lakefront views from the private balcony. The master bath/spa features dual sinks and Jacuzzi tub, while the enormous 10x20 walk in closet is sure to accommodate any size wardrobe. True hardwood floors, 18in ceramic tile, crown molding, and spiral staircase make this home a must see! The light and bright kitchen features an abundance of cabinet space, newer appliances, breakfast nook, and desirable island. Included in this amazing home are the modern conveniences of and oversized laundry room with new front loading washer and dryer and plenty of storage space. Relax by the enclosed pool, private lake front and enjoy th...

Tampa Bay Top Florida Investment Market International real estate investors are taking advantage of the U.S. real estate market’s excellent deals and those buyers with cash available see the American market as a very appealing investment, reaping excellent benefits and ensuring the best value for their money. Regardless of our current economic status, international buyers still see our market one of the safest and most secure investments. Interest in our real estate market has grown since the housing prices began to plummet and is expected to increase by more than 70% percent this year, according to a recent study by the Association of Foreign Investors In Real Estate ( AFIRE ). According to the Reality Times article “ International Investors Bullish on America; See Opportunity in U.S. Real Estate ” AFIRE conducts an annual survey at the beginning of each year and this year they found that their investment group, which controls the largest amount of money in the world – they have all ...

There was great news for the Tampa Bay Area in regards to home sales last month. 2,839 homes were sold in the entire Tampa Bay Area with a median price of $135,000. These statistics illustrate a 17% increase in home sales for the same period last year, when 2,044 homes were sold. The median home price of $135,000 is a 25% decrease from $185,000 just one year ago. According to the President of the Greater Tampa Association of Realtors, Jack Rodriguez, “These statistics are extremely positive. Hopefully it signals a trend to better things ahead, both for real estate and the economy in general.” Forecasters at Moody’s www.Economy.com predict that home prices will bottom out at the end of this year nationwide. This prediction is largely based on the assumption that President Obama’s recovery efforts, which includes a 2009 tax credit of $8,000 to home buyers who have not purchased a home within the last three years, will have a huge effect. If you have any questions about the 2009 tax cred...

Want to live on PRESTIGIOUS Harbour Island? Four different 2BR/2BA floorplans remain including townhomes and loft style. All units feature NEW upgrades including granite countertops and tile flooring in the kitchen and bat hrooms, wood flooring in 2/2 with split floor plan, separate dining room, large kitchen w/central island, crown molding. Great view of tennis courts. Walking distane to downtown and channelside. Several Units offering 3% closing cost credit, subject to financing qualifications, PLUS 42 inch flat screen TV installed and new stainless steel appliances can be applied to your new purchase. The Waterfront living will not last long and neither will the incentives! SI Real Estate Investments provides Real Estate in Every Way: all the real estate property services a buyer, seller, owner, or developer could want or need, and all with a unique level of quality and personalization. We concentrate on quality, not volume. We blend our 40-plus years of real estate knowledge and e...

Looking back at Real Estate News in December 2008, and reviewing real estate market conditions and news of March 2009, bolsters the conclusion that the time to buy real estate is NOW. A recent article from The New York Times , " It May Be Time to Think About Buying a House ", highlights that fact that first-time home buyers need to act now in order to take full advantage of their buying potential. "Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rear view mirror and realize that we missed a golden age for first-time home buyers.Then, everyone who sat on their down payment savings accounts for a few years too long will kick themselves for not taking advantage of what may turn out to be the buying opportunity of a lifetime for those who can qualify for a mortgage" According to this article, first-time home buyers still have the same advantage as always, being that they do not have current...

Something astonishing happened last month. Existing home sales unexpectedly rose 5.1% which is the largest jump in real estate sales in nearly six years. First-time home buyers are taking advantage of the abundance of foreclosures and distressed properties throughout the country and getting great deals! Tax credit, low interest rates and listing prices are motivating people everywhere. For example: Buyers who can only afford homes under $100,000 are amazed to be finding properties they can purchase for this amount or less in neighborhoods that were previously thought to be out of their reach. SI Real Estate Investments just sold a 3 Bedroom, 2 Bath townhome for under $90K and the home was in excellent condition. Bank owned properties are for sale and amazing prices, in every area of Tampa, FL. As the Tampa Bay real estate market and economy is struggling like other major cities to emerge from the biggest real estate downturn since the Great Depression, buyers are the ones benefiting fr...

Symphony Isles ~ Boat Lovers Paradise Direct Tampa Bay Access Absolutely Majestic Can you imagine walking out on your balcony every morning to a view of the majestic sparkling waters of Tampa Bay? We invite you to explore the small, secluded and intimate community of beautiful Symphony Isles. All community homes and lots are situated on wide deep-water canals leading directly to Tampa Bay. Symphony Isles is a vibrant deed restricted community with social activities for children, teenagers and adults. Beyond the crisply manicured properties are environmentally friendly surroundings, with amenities such as a clubhouse, pool, children’s playground, and designated boat launch area. This custom built 4 bedroom, 3.5 bathroom home for sale sits directly on Tampa Bay with a panoramic waterfront view and boasts over 3,445 heated square feet of open living space. Built with no expense spared when it came to luxurious, the property features such exquisite upgrades as cherry hardwood floors, gran...

When the real estate market started to take a downturn a couple of years ago, foreign investors started to shy away from investing in the United States. All of that has changed in the last year with the rise of bank-owned homes and properties on the market at unbelievable prices sparking interest from local and international real estate buyers. This coupled with the weakened U.S. dollar against the strength of the Canadian dollar, the Euro, and the pound which makes foreign investors' money stretch farther than it ever has before in today’s buyer's market. Tampa, Florida has always had active, powerful interest from international real estate investors, visitors and buyers. Right now, many are ready to take advantage of the foreclosure prices to buy a second home for vacation, for a child to attend the University of Tampa or the University of South Florida, or even for the abundant buyer opportunities that are available in the Tampa Bay area. “Much of Tampa Bay’s international p...