SI Real Estate Tampa and The Beaches

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...

As the flowers and trees start to blossom, there is another change in the air. With drops in foreclosure filings and a rise in the buying market, could Spring bring a new season for real estate? According to an article published by Housing Wire , Housing starts rise 7.2 % in March 2011. This is after a long decline of months. The data is collected from Department of Commerce, U.S. Census Bureau , and the Department of Housing and Urban Development every month to compare to previous months and previous years. March reached the highest peak in 16 months. Another noteworthy statistic to highlight is that RE/MAX National Housing reported that, “Home sales jumped more than 10% in 53 of the 54 metros tracked by RE/MAX between February and March”. This is a huge accomplishment in such a harsh season of retail. In this article it also quotes Freddie Mac in projecting that annual sales this year will be up a total of 5%. Another important thing that Freddie Mac monitors is foreclosure p...

Since the slump in the real estate market started everyone has wondered where and when relief would be found. There is a new group of people that are drawing confidence in the housing recovery. A new study was released in March by the National Association of Home Builders states that, “Generation X –young families and adults ages 31 to 45 – are likely to lead the home buying recovery as it gets underway”. Gen X as they are referred to makes up 32% of the home-buying age population. They are not the largest group (Baby boomers make up 41%) but they are the most mobile. They are fully engrossed in careers and need to expand to accommodate larger families. When surveying 10,000 potential buyers in 27 metro areas, between 85-89% said now is a good time to buy! What does this Generation of home buyers want? More space! Most are growing in careers and families and want a bigger home than they currently live. In addition to space inside they want more space on their property. Although ...

Although there has been a high number of a sale in the Tampa Bay real estate market the last couple of months, the industry is sending some mixed signals. What is happening in our changing market? According to The Tampa Tribune , “Homes sales are climbing, up 16 percent from a year ago and 24 percent from last month”. However since there is such a high number of bank owned and distressed properties, the median sale price is only $111,100. Of the 2,375 real estate sales in Tampa in February 2011, a large majority were bought by investors. They see properties in distress, prices continuing to decline and investors are cashing in. The spring selling season is around the corner however, and projections are expecting more traditional homebuyers to start jumping in. Most first time and repeat homebuyers are not interested in the distressed properties. They start off looking at the price tag, but are not prepared to deal with the challenges once viewing the property. They see the value ...

• Long term Investment According to Realty Times ,” An average appreciation rate during normal times is around 6.5 percent a year. That means if you buy a home for $100,000, in just ten years you will have a home that could feasibly sell for around $174,000” • Personal and Community Stability Owning a property creates a sense of community and accomplishment. People take better care of property; have higher graduation rates and lower crime rates in more stable communities with large percentages of homeowners. • Tax-Breaks Tax benefits are a huge asset to many Americans, you can deduct mortgage interest, and there are tax credits and money back for making energy efficient upgrades. These breaks might not seem like a lot at first but for middle income families they can add up fast. • Benefit to Economy and Job Growth According to Houselogic , “For every two homes sold, one job is created in the U.S.” Each housing purchase is estimated to generate $60,000 towards economic act...

The Real estate market is still changing. Homes are selling every day however, buyers have changed their expectations. Keeping you informed on what to expect when buying or selling a property in today’s market. 1. Buyers are opting for smaller homes Constraints on housing market really have made buyers reevaluate what is necessary in their next home purchase. A study conducted by the National Association of Home Builders (NAHB) reveals that homes are expected to be ten percent smaller in the next couple of years. “To save on square footage, the living room is high on the endangered list-52 percent of builders expect it to merge with other spaces in the home by 2015 and 30 percent said it would vanish entirely.” 2. Heavy influence on purchase decisions can be swayed in favor of green and eco friendly properties The NAHB reports that not only floor plans are changing. “68 percent of builders are including green and eco-friendly features by 2015. This includes low-E windows, en...

A hot topic for potential homebuyers is, should I look Foreclosures, existing older homes, or New Construction? The hype lately seems to be on Short sales and Foreclosures. Bank owned properties are being snatched up by cash investors and we hear of bidding wars everyday in Tampa over bank owned properties. Investors have money to spend, and no desire to occupy the property personally, they can fix any issues that arise with no problems. It is very enticing for a buyer to see large discounts foreclosed and short sales but what else does a buyer need to consider when deciding on purchasing a home? SI Real Estate has helped three clients purchase a new Construction home in the last two weeks. What made these buyers decide purchasing a new home was better than foreclosure and existing home options? There is a great website being advertised by Lennar homes, “Buying a New Home vs. a Foreclosed Home” . This website highlights advantages of purchasing new construction. Buyers need to cons...