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!