SI Real Estate Tampa and The Beaches

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 ...

With economic and housing market stabilization underway in many metropolitan areas, investors are becoming increasingly interested in the real estate market again. The abundance of available housing at rock bottom prices makes this an appealing time to boost property holdings. Markets such as the Tampa Bay area have seen an increase of both seasoned and new real estate investors interested in taking advantage of our developing city. If you are considering a real estate investment, there are many details you will need to take into account. Here are a few tips to help in your property investment decision: Weigh the rewards and risks –Investing in real estate carries great potential for wealth. However, such opportunities rarely come without making difficult decisions. Before investing, consider your options. Are you qualified to handle evictions, time management, repairs, reinvesting into the property, and keeping up with documentations and inspections on your own? If the demand seems t...