Tampa Bay Blog

Seems here in Tampa, Sellers are feeling the heat to lower prices and settle for a lot less than they wanted.  It's unfortunate for sellers right now but it wasn't too long ago that we were enjoying the incredible appreciation. 

So when does it bottom out?

There's a lot of speculation as to how long home prices will continue to drop.  Some say we might start to see a rebound in mid 2008 others are predicting 2009.  The truth is we won't know where the bottom is until the prices start to head in the other direction. 

So what do we do today?  Well, if you are a seller you need to make sure your home is priced competitively.  Then you need to make sure you are getting the most exposure for your home and last you need to be flexible.  Remember, this is a Buyer's market and they know it so be prepared to help toward closing cost or some seller concession.

Now, if you have a life and work a real job you should really consider hiring a professional to sell your home.  An aggressive realtor will not only help you set the price but get you to your goal of selling your home.  For a FREE report on 10 Most Important questions to ask before you Hire an Agent go to www.SellTampaHomes.com.  

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If you haven't seen the news for the past 6 months about Real Estate in Tampa here it is in four words, IT'S A BUYERS MARKET!

Life is great in Tampa Bay if you are looking to buy.  Homes are in their best possible condition and are selling for amazing prices.  Many homes have been reduced by $30-$50,000.  In many cases sellers are willing to sell their home and create unique buying opportunities.  Incentives include:

• Sellers to pay 3-6% of sale price toward buyers closing cost
• Seller to buy out leases when necessary
• Seller to pay for taxes and insurance for 6 months
• Buyers to buy with as little as $500 down
• Paint allowance
• Carpet allowance and much much more.

If you are a buyer and are considering purchasing a home, make your move.  The end of the year if great for negotiating.  Sellers want to sell in 2007 rather than 2008. 

For more information on great home with fantastic incentives, contact Christine or Walter at 813-731-3001.