Competition between first-time homebuyers and cash real estate investors are stabilizing home prices. Cash buyers have increased 30% in the greater Tampa Bay area recently. These buyers are purchasing Real Estate for legitimate investments versus the "Gold Rush", fix n' flip mentality of the Real Estate boom a few years ago! This is reducing the inventory of homes and stabilizing home prices!

So run the race! May the best offer WIN!

 Don't forget to call Pinellas Financial, a full service mortgage broker located in beautiful Clearwater, Florida! We serve the greater Tampa Bay area and are simply the best around!

 

HOUSING "FREE FALL" is OVER!
08/03/2009
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On Saturday, the Associated Press reported that "the freefall is over" for housing prices! Housing prices actually edged up in May. This is the first increase since 2006. Nationwide home resales are up 9% in June compared to January of this year… more
Still Need to Refinance that BAD MORTGAGE LOAN?
07/13/2009
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The FannieMae "Refi Plus" program has raised the amount it will approve for a refinance of your current mortgage to 125% of the home's value versus 105%. While none of us want to mortgage our home for more than it is worth, this program is designed… more
Beige Book report today by the Feds!
06/10/2009
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OK, some surprising truth today by the feds… commercial real estate and labor markets continue to struggle. Many regions of the country show weak or deteriorating economic conditions, despite govt efforts to kick start credit markets, consumers… more
Welcome relief for the Short Sale process!
05/21/2009
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On May 14, 2009 the Obama administration announced incentives and uniform procedures for short sales thanks to the new Foreclosure Alternatives Program (FAP). This new program helps troubled homeowners who do not qualify for loan modification AND… more
Stimulus Package, Mortgage money available now!
04/29/2009
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If you have not owned or had a mortgage on a Primary Residence in the last three years and you obtain a mortgage for the purchase of a home this year, you are eligible to receive an $8, 000 tax credit from the government. I've mentioned this before… more
The $8, 000 Tax Credit explained!
04/17/2009
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If you have not had a mortgage or owned a Primary Residence in the last three years you are eligible to to receive up to $8, 000 as a tax credit on the purchase of a Primary residence this year. Your purchase needs to happen between 1/1/09 and… more
HAPPY EASTER w/ some Networking tips!!
04/10/2009
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HAPPY EASTER!!! from PINELLAS FINANCIAL, LLC This is the time of year to celebrate our Lord and Savior Jesus Christ! For those of you who do not have a relationship with this man, you need to talk to someone about who he is and what he did for… more
VA LOANS! VA LOANS! VA LOANS!
01/23/2009
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With so much affordable housing on the market, our veterans need to be aware of VA loan benefits! VA loans require NO DOWN payment! VA loans will allow the seller to pay up to 6% of closing costs! VA loans DO NOT require MI.. more
HAPPY 2009!
01/02/2009
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What are your financial plans for 2009? It should include investing in Real Estate! The interest rates sit at 5. 5% and are expected to stay that way through 2009. Do not be one of the less informed investors that believe Real Estate prices will… more
 
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Philip Sanchez

Clearwater, FL

More about me…

PINELLAS FINANCIAL, LLC

Cell Phone: (727) 667-6792

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