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With the abundance of interesting press regarding the housing slump, there has been a significant increase in optimism and market conditions in the Tampa Bay real estate arena. SI Real Estate calls it our "Shimmer of Hope" for the Tampa Real Estate Market. The experts have been chiming in and we are listening. From the nationally respected Jim Cramer and Dave Ramsey, to all of our local real estate market experts here in Tampa Bay, the news is refreshing and could not have come at a better time. Jim Cramer states that the "The Florida market is the template for all of the recovering real estate markets, being a year ahead of the rest." He further says that Florida is in this position because Florida builders stopped construction 2 years ago, which allowed for an earlier bottom. The inventory has NOW begun to go pending and sold. Let's face it folks, we are headed for brighter days. In particular... Tampa's real estate market is stabilizing. Throughout Tampa Bay, the gap between the listing price and selling price is narrowing. In particular, South Tampa's prestigious homes are selling at 96% of the listing price. The math is quite simple. Prices are adjusting, homes are going pending and sold, which will consume inventory. Summary: Real Estate Correction in Tampa Bay: Correcting... http://www.bizjournals.com/tampabay/stories/2008/08/11/daily53.html?f=et83&ana=e_du Friday, May 16, 2008 Real Estate news today: things are starting to heat up and lookup for the Tampa Bay, Florida real estate market!!!! In an article titled Hot Market: Seeing the Smoke before the Fire on Realty Times, the smoke is starting to rise as the flame begins to ignite. With the peak of the housing slump upon us, inventory is steadily decreasing and home sales are beginning to increase, especially in Tampa's real estate market. In a variety of other metropolitan areas, such as Fort Myers, Miami, and Fort Lauderdale, the numbers of sales have jumped while the absorption rate has dropped to at least half of what it has been in previous months. When you consider all of the shuffling and the inconstant movement that the Florida real estate market has been traveling in the past two years, everyone is ready for the smoke to blow out and the fire to blaze again. Don't wait for a whistle to blow to realize that now is the time to buy or to make an investment in real estate. At SI Real Estate we pride ourselves on our ability to offer highly skilled assistance in meeting your real estate needs of buying, selling, investing, managing, or short sales to helping in the search for your next home purchase, condor, or vacation property. We are glad that things are looking up and are available to assist with any questions, concerns, or letting your explore all of the opportunities that the Tampa Bay real estate market has to offer. Link to the original story: http://realtytimes.com/rtpages/20080509_hotmarket.htm -The SI Team This week in Real Estate news, Foreign Investment is up! The Moscow Times, a premiere English speaking newspaper in Russia, has reported a surge in the amount of money flowing into Florida's market. Primarily due to attractive currency exchange rates, Miami and Tampa Bay are benefiting from the weakened dollar. Tampa Bay real estate markets are appealing in the global real estate arena. Specific properties like Cordoba Beach Park, Courtney Palms, Grand Central, , Hyde Park and SOHO areas are popular pockets within Tampa Bay. Waterfront Luxury Real Estate in Mira Bay never loses it's appeal. New Tampa, the USF and University of Tampa area are all feeling the positive effects of booming foreign investment. Buying a home for the first time can often be an intimidating ordeal. Below is an excerpt from an article from Realty Times regarding the Dos and Don'ts of first time home buying. I strongly agree with two of the Dos: getting pre-approved for a loan & finding a dream team of professionals. Getting pre-approved will allow your interest to be taken more seriously and you will get much better response from all parties involved. It will also help give you a better idea of what price-ranges you should be looking at. Working with a quality real estate professional will also make your first home purchase much smoother. It is important to have somebody representing your interests in the transaction to ensure that you are getting the best deal possible. SI Real Estate has done an excellent job of representing first time buyers in the Tampa Bay area. We know the market inside and out which allows us to make sure that our clients are getting the right property at the right price. I urge you to read through the following excerpt so that you can be better prepared for buying your first home. If you are looking to buy real estate in the Tampa Bay area, please give us a call and we can help you evaluate all of your options. The Dos DO browse for housing information. Begin your search by arming yourself with information. For example, Coldwell Banker's the Home Price Comparison Index allows you to compare average housing costs in over 400 U.S. markets. RealtyTimes Market Conditions gives you a snapshot of thousands of local markets. About.com's Home Buying/Selling section is chock full of the nitty gritty insight you'll need to get going. Stick with the known, long-time real estate information Web sites and you'll learn more than you need to know. DO examine your credit standing. You need to know your credit standing. You may need to request corrections if there are errors. You may need to adjust your habits if your credit behavior is less than sterling. And you need to take those steps before seeking a loan. Your credit report is free from AnnualCreditReport.com, the federally regulated place to go. You can stagger retrieval of your credit report from each of the big three credit bureaus, getting one from a different agency every four months. Your report is free, but you may have to pay a nominal fee for your credit score (a numerical scoring of your creditworthiness) depending upon your state law and other factors. Learn more about your score at Privacy Rights Clearing House. DO explore a mortgage pre-approval or commitment. An early green light on a loan will put you in a good negotiation position when you find your dream home. It will also help you shop within your budget. DO line up a dream team of professionals. You may need a real estate agent, attorney, mortgage broker, home inspector and others to be your professional eyes during your home search. DO buy for your lifestyle. Your first home may not be your last, so try to anticipate how long you'll live in your home and buy based on plans for the duration. Raising kids, starting a business, taking on a new job, housing Grandma could all impact the size or type of home you need first. DO heed housing priorities. Separate your "wants" from you "needs" so you know where you can compromise to stay on budget. The Don'ts DON'T get taken by the first house or neighborhood you see. Keep an open mind and spend sufficient time finding the right fit in a house and neighborhood for your needs. DON'T buy more than you can afford. Lenders will often loan you as much as your financial condition warrants, but that may not be what you can comfortably afford. It's better to live with a comfortable mortgage on a smaller home than to struggle every month paying a mortgage on a house with more room than you really need. The down payment, closing costs, monthly expenses and taxes must in total all be within your income and savings range. DON'T treat your home like a stock portfolio. Homes appreciate and depreciate in cycles which often aren't so predictable. Don't expect your home's value to skyrocket. Buy a home because you need a roof over your head, not for a quick profit. DON'T try to time the market. Pinpointing the bottom of the market almost always happens after the market has started to turn up. How, otherwise, can you see the bottom? Focus on personal lifestyle needs, not market trends, in terms of timing your home buy. DON'T sign for a confusing mortgage. Shop around for the best loan, read every detail of your loan contract and get some help understanding terms and provisions that confuse you. Avoid exotic, "creative financing," multi-option loans you don't understand. Again, lifestyle is key. Get a loan that fits.
As anyone here at SI can tell you, Tampa Bay has some of the best Real Estate properties you are likely to find anywhere. However, many people seem to overlook Tampa in favor of its famous cousin slightly to the east. Not this time though, in a recent article written for Turks.us World News, Vanessa Arellano Doctor explains exactly why the Tampa Bay area is such a wonderful place to live.
Enjoy! "For those who are familiar with the communities around Tampa Bay, they would understand just how dynamic and culturally infused its real estate market truly is. When it comes to different lifestyles, the Tampa area has it, with notable areas like Hyde Park, Downtown, Channelside, New Tampa, Brandon, and Westshore, it' quite easy to locate a place that compliments an individual's unique style and personality. According to long-time observers, one of the joys of living here is that local culture and themes are best exemplified in the condominiums that are home to the area's residents. Depending on its design, whether it's the futuristic and stylish patterns of the Grand Central Condominiums of Downtown Tampa, the classical old-world inspired beauty of Cordoba Beach Park, or the tropical charms of Courtney Palms, there's a nice condo here to call home for anyone looking to live the active and vibrant lifestyle in a city like Tampa. And if you're searching for a condo unit for yourself, or seeking to buy an investment property, the condo market in this area is viewed as a wonderful place to purchase or rent one. With a wide array of leisure, cultural, entertainment and sporting attractions, the Tampa Bay area is seen as a vibrant place for those who want to go on vacation or find permanent home. The city of Tampa and St. Petersburg are famous for their wonderful beaches, fishing, golf, boating, and dining. And with the Port of Tampa nearby, vacationers can easily plan on taking a relaxing cruise into their itinerary. The city's central location also makes it comfortable to visit the sights and enjoy the activities in nearby Orlando, and go to popular places like Disney World, MGM, Universal Studios, and Sea World." Original Article Pamela Elsaadi, Director of Sales & Marketing SI Real Estate - Real Estate In Every Way Saadi Investments - Privatized Suburban Renewal 813.631.5144 SI Real Estate 813.631.1806 Saadi Investments 866.459.5537 Toll Free Fax (documents) www.Saadi-Investments.com www.SIRealEstateInvestments.com www.SouthTampaRealEstate.Blogspot.com Pamela@Saadi-Investments.com Pamela@SIRealEstateInvestments This past winter proved once again that Florida is still a hot spot for those seeking relief from the cold. Here as SI Real Estate, inquiries were coming in left and right for furnished and seasonal vacation rentals in Tampa and St. Petersburg. Rentals in places like Coquina Key in St. Petersburg, The Moorings in Tarpon Springs, as many others were in high demand and were snatched up early in the snow bird season. All season long we were receiving phone calls from individuals from the Northern US, Canada, Europe, and even Russia. With so many attractions in the Tampa Bay area it is no wonder that so many people want to vacation in Florida. Tampa and St. Petersburg are renowned for their world class beaches, fishing, golf, boating, and dining. And with the Port of Tampa so close, vacationers can easily plan on fitting a relaxing cruise into their schedule. Tampa's central location also puts all the activities of Orlando right at your fingertips. With legendary theme parks such as Disney, MGM, Universal Studios, and Sea World so close by, there is always something fun to do within a short driving distance. SI Real Estate was able to help many people find the perfect vacation rental for their needs. As experts in Tampa Bay real estate, SI Real Estate truly is "Real Estate in Every Way". Whether somebody is looking for a short term or long term rental, SI was able to help them find it. And many people enjoyed visiting the area so much that we were even able to help them purchase their very own piece of Tampa! This year's snow bird rental season truly was a smash hit, and SI Real Estate was glad to be a part of it! In Florida, every season is a vacation season...The vacations never end! Best Regards, Pamela Elsaadi SI Real Estate Info@SIRealEstateInvestments.com I have been using Point2 for a few months now and we started out getting a lot of leads. But recently they have all dried up and I don't know why. We were getting a few leads a week right after we entered our properties into Point2, but now we really aren't getting any. Are properties syndicated only when they are first entered into the system, or are the continuously syndicated? If you know any trick for refreshing your properties and maintaining a stream of leads please let me know. Your help is really appreciated! Best Regards, Pamela Elsaadi It has been our observation here in Tampa that a large number of transactions are resulting from foreign investors. We have been working with a number of investors from Canada, Europe, and Russia. Most of these investors discovered our properties from our traditional marketing campaigns (i.e. Craigslist, Point2, etc.). We haven't done too much direct marketing towards foreign investors. Does anybody have any suggestions on how to accomplish this? Are there any particular sites you have had success with? We would love to do a better job taking advantage of these opportunities. Please share your thought!
Best Regards, Pamela Elsaadi SI Real Estate - Real Estate - In Every Way Saadi-Investments - Privatized Suburban Renewal Real Estate Acquisitions, Investments, Construction & Engineering http://www.saadi-investments.com/ http://www.sirealestateinvestments.com/ http://www.southtamparealestate.blogspot.com/ 813.631.1806 Saadi Investments 813.631.5144 SI Real Estate 813.215.4522 Mobile 866.459.5537 Toll Free Fax Rentals@Saadi-Investments.com Info@SIRealEstateInvestments.com
Greetings!
Well it finally happened! The US dollar has finally slipped to a record low against the euro ($1.54/1€), breaking the $1.50 barrier that seems to have an emotional, as well as an economic, impact on the US. The US dollar is doing even worse against the British pound, which is up to about $2.00/1₤. The surge in foreign investment in the US real estate market shows how this currency change has not gone unnoticed abroad. Foreign investment in real estate has been flowing in from all over the globe, including a great deal from Canada, Europe, and Russia & South America. Foreign investors are seeing their buying power increase in the US and have started to capitalize. And when it comes to purchasing real estate in the US there is no place like Tampa, Florida. The Sunshine State has attracted overseas real estate buyers who are looking for both investment properties, as well as buyers who want to purchase vacation homes for their own enjoyment, taking advantage of reduced prices and discounted US dollars. Coastal cities such as Tampa and Miami have been receiving a great deal of attention from abroad due to their potential to generate income and their attractive waterfront locations for personal enjoyment. Here is a link to an article with even more info on how the recent currency fluctuations are affecting the market: http://www.statesman.com/business/content/business/stories/statesmanhomes/01/13/0113foreignbuyers.html Please let us know what your thoughts are on the subject. We love getting your feedback and reading your comments! Best Regards, Pamela Elsaadi SI Real Estate - Real Estate - In Every Way Saadi-Investments - Privatized Suburban Renewal Real Estate Acquisitions, Investments, Construction & Engineering http://www.saadi-investments.com/ http://www.sirealestateinvestments.com/ http://www.southtamparealestate.blogspot.com/ 813.631.1806 Saadi Investments 813.631.5144 SI Real Estate 813.215.4522 Mobile 866.459.5537 Toll Free Fax Rentals@Saadi-Investments.com Info@SIRealEstateInvestments.com
Greetings!
If you are familiar with Tampa Bay, you understand just how dynamic and culturally infused its real estate market really is. When it comes to different lifestyles, you name it...Tampa has it! With areas such as Hyde Park, Downtown, Channelside, New Tampa, Brandon, and Westshore, it is easy to find a place that compliments your unique style and personality. One of the joys of living in these areas is that the local culture and themes are captured in the condominiums that are home to the area's residents. Whether it is the sleek and stylish design of Grand Central Condominiums of Downtown Tampa, the European inspired charm of Cordoba Beach Park, or the tropical tranquility of Courtney Palms, there is a place to call home for anyone looking to live the Florida lifestyle in Tampa Bay. Whether you are looking for a condo home for yourself, or looking to purchase an investment property, the Tampa condo market is a great place to purchase or rent. SI Real Estate has in-depth knowledge of the Tampa condo community and can be of great service to anyone looking to buy or rent. We have worked with buyers, sellers, and tenants in nearly all of the condominium communities in the Tampa area and can help you find the right unit, in the right community, at the right price. Feel free to explore our websites, call, or email with any questions or comments you many have. It is always a pleasure to hear from our readers! If you are interested in learning more about the condo market as a whole, here is a link to a great article written by Blanche Evans, a well-respected real estate journalist for Realty Times. http://realtytimes.com/rtpages/20080220_realtyviewpoint.htm Best Regards, Pamela Eslaadi |
Nibal Elsaadi Tampa, FL More about me… SI Real Estate Office Phone: (813) 631-5144 Cell Phone: (813) 215-4523 Email Me ;) Links;) Archives
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