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 Trends: Homebuyers Make Lifestyle Priority

The real estate saying, “location, location, location” might not hold as much weight to this generations buyers. According to Realty Times, lifestyle options including health, safety, and nearby activities may be a leading factor in home buying selection.

A recent survey conducted by Better Homes and Gardens Real Estate LLC and the Meredith Corporation reveal that homebuyers prefer these traits in their community:

1. Ease of commuting by car: 38%

2. Access to health and safety services: 34%

3. Family-friendly neighborhood: 33%

4. Availability of retail stores: 32%

5. Access to cultural activities: 21%

6. Public transportation access: 19%

7. Nightlife and restaurant access: 18%

8. Golf-friendly area–access to golf courses: 6%

If the community a buyer is currently living in doesn’t meet these desires, 1 in 5 homeowners have moved or would like to move to better fit their lifestyle. This data lets you as a seller know how to market your property to the way home buyers think and what they want. Showcase your home and describe how closely it meets the listed criteria.

If you are looking to sell or enjoy getting more real estate tips and trends to help you understand the current market, contact SI Real Estate at 813.631.5144 or email us at Yourhome@sirealestateinvestmetnts.com.

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Real Estate Tampa: One of Top Ten Cities for Rental Properties

More good news in the Tampa real estate market this week, Tampa ranks in the top ten cities for rentals. This information was provided by CNN Money.

According to their report, the labor market is on the rise, down a point in the last 12 months to 10.5% and this coupled with demand is expected to raise rent 12% over the next three years.

What does this mean to consumers? If you are in a position to purchase a home, now is the time! Prices are increasing, our last blog, Tampa Bay Housing Prices on the Rise we shared that prices have increased by 18.5 percent over the last 6 months steadily. With prices on rentals increasing and home prices starting a slow incline, get the best deal you can now. If you are an investor or ever thought of getting an investment property, don’t wait any longer to find your property. This steady increase in price we expect to continue and with rising rent rates, now is the time to buy in order to get a great return on your investment over the long run. If you are a renter, this is a market update for what to expect in the rental market in the coming months/years. Stay savvy in what to expect in rentals and the market overall.

If you would like to discuss your options or real estate goals with a professional, please contact SI Real Estate at 813.631.5144 or email us at Yourhome@sirealestateinvestments.com.

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Real Estate Tips: Buyers Agent for New Construction

Buying a new home can be very exciting, it is important that still being a savvy buyer while getting what you want in your new home. One of the most overlooked factors in a new home purchase is buyer representation. Although many builders are great and have great new homes sales consultants, as a buyer you need to have your own personal advocate and representative! Before viewing new construction homes and reviewing options, it is prudent to speak to a local agent who is familiar with the process and the area.

The prime example of real estate buyers seeking to go it alone is on new construction. Builders make it so convenient and easy to walk into a new community and get set up for your new home. Why would anyone consider having a buyer’s agent with them when viewing new construction? The following represent a few examples of your benefits:

Free Representation

The most important factor for any buyer having a designated agent is representation. This professional is your expert in the marketplace working to help you achieve your goals with having your best interest at heart. For most buyers this is completely free to you. Builders, all sellers, designate a commission right into their sales price; they do not negotiate that price down for new buyers who do not have a buyer’s agent. Would it bring you more comfort having someone in your corner at showings, contract negotiations, incentives from seller to buyer, final walk-thru and closing? I think so! Please be a savvy buyer and contact a buyer’s agent who is familiar with the area and procedures of new construction.

Increased Negotiation

The base price on newly constructed home is one the builders are not going to negotiate on, however most builders are willing to make some upgrades or changes to suit the new homeowner. Here at SI Real Estate our experience has shown us that you can get more by having an experienced agent at your side:

Our of our agents, Katie Crider, was able to negotiate all new flooring on a move-in ready home. They actually pulled up already installed carpet and laid down tile throughout the floor. Another client had all new fans and light fixtures added for no additional cost.

The key is having an agent familiar with what a builder is willing to negotiate on and have them negotiate the contract with you. Our Broker, Nibal Elsaadi, also has had great success with new construction lately. Buyers want to have modern and guaranteed homes. You cannot beat walking into a new home and giving the client exactly what they are looking for. Nibal was able to get one client over $22,000 worth of upgrades for just cost to the builder. It is also very common that he negotiates in closing costs, HOA fees for the first six months, or full appliance packages.

If you are exploring the idea of purchasing any home, again you should have a buyer’s agent! If you are looking to start looking into whether you can afford to purchase a home or have already been prequalified, please contact one of our agents at SI Real Estate. We can be reached at 813.631.5144 or email us at Yourhome@sirealestateinvestments.com. We understand the importance of integrity, hard work, and maintaining clients’ satisfaction.

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Reason to Sell Your Real Estate in 2011

In a real estate market where everyone is holding their breath and waiting for updates on where the market is going, it is important to remember the basics. The reasons you should buy a property or reasons to sell a home. Below is list of the most common reasons to sell your home.

Ability to make Profit

Real Estate is a large investment, for most families the largest they have. When there is an abundance of equity in a property, or if they owners feel they can benefit from taking advantage of the buyers' market, it is a good time to sell. The real estate market is changing every day, right now we are in a buyer’s market but that may be changing. Take advantage of the rush of buyers while they are available.

Relocation

Relocation may be a necessary next step in your life, maybe to follow a job, or maybe to choose a new location. Whatever the reason for relocation, homeowners have a big decision to make. Owners can turn into landlords or sellers. Most individuals feel more peace of mind knowing that they are selling their real estate to a buyer and passing on the responsibility of maintenance. This is a great time to list with a real estate firm you can trust to help you as you focus on your upcoming move.

Downsizing

Downsizing your home is a big and sometimes tough decision. If you no longer need the same amount of space you once needed, it may be time to sell. It will free up funds to purchase your next home that is more suitable for your needs.

Upgrading

One of the most common reasons to move is to upgrade to a new home. Whether it is your absolute dream house or just another step towards it, you may need to free up finances by selling your current real estate. Do not wait years in hopes the house gains more value as your family is growing. If you are ready to sell, take the step forward and list it with a trust worth Real Estate Company.

SI Real Estate is a company dedicated to our clients. With over 40 combined real estate experience, we know the Tampa Bay real estate market and we can help you buy, sell or rent your home. Call us today at (813)631-5144 or email us at Yourhome@SIRealEstateInvestments.com to have us call you.

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Real Estate Essentials: Choosing the Right Location

When undertaking the experience of purchasing a home, there are lots of important decisions to make. For instance, if you want a detached home or a community lifestyle, how many rooms, what are you willing to spend? The first and most important question any buyer or investor should ask is what locality do I want to be in.


You hear real estate professionals stress this factor often, location, location, location! It truly is the single most important factor on any real estate purchase. If you put the exact same house on two different lots in different areas of town, they will hold different values. How do you decide what vicinity is the best for you?

Economic Factors

Does this city have a high percentage of unemployment? Are there a large number of foreclosures? This is a shaky topic for a lot of Americans right now. Many people have unfortunately been let go of their jobs and are forced to default on loans and are not finding work easily. However if an area’s unemployment rate is increasing, that means more people are struggling and home values decrease with them. Foreclosures have a direct impact on comparatives sales in an area used to appraise your homes value. When looking for a new home, examine these factors and ask a real estate professional to help you compile past data to support your home buying decision.

Education

School systems are always important to consider. If you already have children or plan to in the future, the explanation is not needed, you want the best education for your kids. Even if you don’t use the school system, they can affect your sales potential when you go to resell, always keep this in mind when viewing real estate.

Condition of Homes and Businesses

It is very important to examine the surrounding homes, businesses, and overall condition on surrounding area. This is a time to see yard maintenance of neighbors (this will affect home values), back streets and alleys, and also look for empty businesses in the area. All of these factors reflect the health of the neighborhood. Real estate values are subject to all the factors of a given area and appearance plays a big role!

Entertainment and Recreation

What entertainment options are important to you? Do you want to be near parks and reservation areas? Is shopping and restaurants a high priority to you? Do you enjoy the arts culture? All of these questions might seem minor compared to previous factors to define a district but in the long term, they will be a blessing or a curse depending on what you prefer to do in your spare time.

Here in Tampa Florida, SI Real Estate has experts in the local community. He can highlight some of the best areas for your desired needs and budget. We encourage you to look at New Tampa or Brandon and Riverview for some high demand communities. SI Real Estate utilizes our vast real estate experience and extensive Tampa Bay area knowledge to meet the needs of buyers, sellers, investors, landlords, tenants, and relocations. Contact SI Real Estate today to find your perfect location at (813)631-5144 or email us at Yourhome@SIRealEstateInvestments.com.

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THE TIME TO BUY IS NOW!

Real estate conditions in Tampa, Florida make it genuinely a “Buyer’s Market” now. Whether you are a first-time home buyer, a move-up home buyer, vacation or second home buyer, or a real estate investor, THE TIME TO BUY IS NOW!!!

Take into account the fact that interest rates are hovering at near record lows. For those buyers are able to take advantage of interest rates at or below 5%, it is simply a smart business decision. The combination of fantastic interest rates bundled with record affordability of property prices makes it a no brainer.

Right now appears to be the best time for bargain hunters to grab aggressively priced properties that will grow in value. Consider the fact that housing prices have fallen dramatically in many areas. As Warren Buffet says, “Buy low and sell high”. As prices stabilize and the market conditions change, smart investors are realizing tremendous financial potential by taking advantage of current real estate market conditions. Wouldn’t you like to be one of these smart investors?

All Aboard!!! First time home buyers, move-up or repeat home buyers, local, national and global investors…Don’t miss the boat!!! You will look back in retrospect and wish you had purchased real estate when the time was historically the best ever! Contact a real estate professional at SI Real Estate to find out how you can make the most of the extraordinary real estate opportunities that exist today.

SI Real Estate Investments

http://www.sirealestateinvestements.com/

Info@SIRealEstateInvestments.com

813.631.5144

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