Tampa Real Estate Optimism Demonstrated as Buyers Forge Forward

You Cannot Hold a Good Buyer Down!

They say that the strong forge forward, this adage is true in real estate as well. A recent article published by Realty Times explains that despite date on the job market and adjusted home values over the past several years, real estate home buyers are still pushing forward in pursuit of the dream of homeownership. Real estate ownership is a desire goal and many are striving to move forward to achieve their real estate goals.

A study of over 3000 adults over the age of 20, results in more than 59% of renters and 99% of existing homeowners feel that homeownership is important. Of those surveyed, a large majority also felt that homeownership is an economic cornerstone. Additionally, real estate makes a huge impact on the overall economic vitality of a region or city. It certainly has in Tampa.

The most important result of this study is that as many as two million people are waiting to purchase a home when the time is right. Of those surveyed 62% of existing homeowners and 59% of renters believe right now, today is a “good or very good time to buy”.

SI Real Estate observes the trends of our Tampa Bay's real estate market on a daily basis. We have our finger on the real estate pulse in our city. What we are seeing here in Tampa is that properties are moving, and are moving at a much more rapid pace that main stream media reports. For years, we have been in a buyers’ market. Now this trend is shifting. As these findings reflect, homeownership and real estate are desirable by so very many of the population. With low interest rates on mortgages, lower home prices, and incredible incentives, buyers are stepping up to take advantage of these benefits while they last.

If you or anyone you know is interested in talking to an experienced real estate professional about how to reach your real estate goals, call SI Real Estate at 813.631.5144 or email us at Yourhome@SIRealEstateInvestments.com. We are happy to help and are always available.

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Real Estate Tampa: Top Reasons to Own

We encourage our readers to realize why real estate is such a valuable asset. It is the place you call “home” whether it is a rental or you own the home yourself. As previous blogs have emphasized in the past, the real estate market is changing. We are stabilizing out here in Tampa Bay and before prices start going to high we would like to review the top reasons why the majority of America still prefers owning their home over renting a property.

• Savings

It can be a large misconception that owning a home is more expensive than renting a property. In today’s market where many renters are looking for the best properties for their money it is a very competitive market, driving rental prices up. In over 71% of America’s larger cities owning is cheaper than renting a comparable home. Looking in Tampa, you can rent a two bedrooms, two bath, and 1000 sq foot condo near Brandon/Tampa line for about $950-$1000 a month. If you wanted to own a brand new 1250 square foot townhome with two bedrooms and two and a half baths, you could pay as little as $850 a month (including taxes, insurance, and HOA dues). That is a huge difference!

• Tax Breaks and Equity

If you are looking for the extra savings in taxes, real estate is also a great investment. Whether it’s a home you live in or a property to rent out and deduct expenses, tax benefits are a great reason to own. When looking at real estate long term, you need to consider the equity your home can build for you. Knowing you have a sound investment that will build over time.

• Security

After all of the financial benefits listed above, it’s important to point out that not all benefits are defined by a dollar amount, stability and security is a huge part of owning a home. Knowing that you have a place to call home can be one of the best reasons to purchase a property. When you own, you have the opportunity to decorate and transform into your own space. You will not need to worry about rent rates increasing unexpectedly, or relying on an owner’s approval to continue your stay. You get the full satisfaction of knowing where you will sleep and share good times with family and friends.
Most of the bullet points we compiled for this blog was inspired by Realty Times. Although savings, tax breaks, and security are great benefits to owning your own home, they only represent a small portion of the advantages to home ownership. Prices are still low, interest rates are historically low, and it is less expensive to own a home in Tampa than rent a comparable property. What are you waiting for, if you are still renting and you have resources to buy a home, call SI Real Estate to get some more information. We are experience professionals who want to help you accomplish your real estate goals. We can be reached at 813.631.5144 or email us at Yourhome@SIRealEstateInvestments.com.

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Real Estate Topics: Tampa, Florida One of Most Visited Cities

What makes someone visit one city over another? Is it entertainment, convenience, hospitality? We have a winning combination here in Tampa. According to a new report released from Concur, a travel and expense management company, Tampa is the 23rd most visited city in the United States.

What sets Tampa apart from so many cities across the country? Concur examined average costs for travel to Tampa but it didn’t identify the reason so many people set their travel plans to land in Tampa. Working in real estate we get an insider perspective about an area. We love Tampa for so many reasons. Residents and visitors get to enjoy close proximity to the beautiful bay, beaches, a strong arts community and unlimited options for entertainment, shopping, and dining. Tampa boasts major sports teams, 3 super bowls in the last 15 years, and national conventions just to name a few.

Real estate prices have dropped for the last couple of years. Now unemployment rates are decreasing and housing prices are trending upward for the last six months. We remembered why Tampa is such a popular place to visit and a great city to live in.

If you would like to purchase your own part of the Tampa Bay Area to call home, let SI Real Estate help you. We are experts in the area and we work hard to meet the needs of our customers. You can reach one of our real estate professionals at 813.631.5144 or email us at yourhome@sirealestateinvestments.

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