rehab homes and loans in tampa: Listing Price Averages Rise as Average Sales Price Drops
- 07/25/11 06:07 AM
Is this a trend that will continue in the greater Tampa Bay market? Only time will tell. What does this mean? You can cut statistics up in any way you want to manipulate the results you are looking for. I have gathered by this information that property values may have started to stabilize and year-to-date sales averages are being supported by lower valued homes being sold. The increase of short sales and foreclosures sales would be more than an enough to keep sales averages down from this year to last. Sales frequency has dipped slightly so the lack of homes sold can't be much of … (1 comments)
rehab homes and loans in tampa: Where is rock bottom? Are prices still dropping?
- 07/15/11 09:34 AM
Prices in some specific properties continue to drop. Do we need to hit rock bottom before this trend stops? Hopefully we can be smart and look at the positives that might help us. With the weaken market we can expect to have interest rates stay low and consistant for a while. Sales seem to favor the smaller homes as of late, so maybe a more cautious consumer is out there. And for large homes you are listing maybe tweaking direct markets more. I'm hoping it not be the bottom that stops us but a smart and conscience effort from everyone. … (0 comments)
rehab homes and loans in tampa: Cash is King! But there is room for financing on Rehab Homes...
- 07/11/11 06:32 AM
So far this year cash sales has dominated homes by close to 59% in some area's of Florida. Why? It's easy to explain, the decrease in market value and the increase in the amount fo homes that are available has given rise to opportunities that weren't there earlier. This has given investors a greater amount of profitability and homes buyers more affordablity. Furthermore, when you as a home owner can purchase a home and instantly aquire equity you have also aquired a positive asset. The market is right for either group interested in real estate purchase to get active. The early … (0 comments)
rehab homes and loans in tampa: Rehab Homes - Our "Diamonds in The Rough"
- 07/09/11 03:32 AM
You can look at this market in many ways. A trend that is gaining momentum is the utilization of 203(k) rehab loans. With the increase in homes that are in need of repair that are on the market why not cater to this demographic? First, there are many different hurdles that need to be overcome in deals of this matter. The extra hard work does help in many ways. Secondly, because of this these transactions are time consuming. Usually these types of deals take 45-60 days to close. By rejuvenating certain areas in the Florida market these types of loan situations … (1 comments)
Is this a trend that will continue in the greater Tampa Bay market? Only time will tell. What does this mean? You can cut statistics up in any way you want to manipulate the results you are looking for. I have gathered by this information that property values may have started to stabilize and year-to-date sales averages are being supported by lower valued homes being sold. The increase of short sales and foreclosures sales would be more than an enough to keep sales averages down from this year to last. Sales frequency has dipped slightly so the lack of homes sold can't be much of … (1 comments)
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