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Multiple Foreclosures and a huge investor percentage had lots of folks down on this beautiful watered neighborhood off Curley Road in Wesley Chapel...While these things are corrected overnight, I am seeing more and more of these Lennar built homes closing with primary occupant home owners.
This are has the benefit of being in the mapping area for the USDA/RDA 100% financing program (If you don't know what this is feel free to call...Its worth knowing about)...
The Neighborhood still has a huge number of shortsale homes, Investor owned homes, and foreclosures in 2010 are very likely, but price for size and features are great here... Ownership/HOA Cost is very high here when you compare it to the limited amenities...
Seller's that bought new will likely want to hold on a while before selling, Seller's that bought REO in the last 2 years might want a market analysis, Buyers looking for a new home that can be bought fast might like this option..
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Townhomes are finally starting to move in Meadowpointe but the pricing is still taking a beating with shortsales in the late 60-70s...I am seeing non-shortsales that could close fast going much closer to 90-100k...Have to start worrying about appraisals on regular sells since the REOs and Shorts are destroying comparable pricing..Only sell with equity or a real reason
Villas - Much the same problem as townhomes...REOs as low as low 100s and shorts in the same range have really hurt sales...Non-shorts that can sell quickly are running into single family pricing... Wth the smaller price spread between villas and non-attached single family is making it more important to stress the benefits like maintenence free living...Only sell with a real reason
Single Family - REO is getting more rare...Shortsales are erratic and I believe that it is time for single family to start to shine... Price should stabilize and might see a small bump if the credit is extended, but that window would close fast ... Will have a sells window in late 2009-early 2010 where pricing will likely bump...If you are thinking of selling in the next few years now might be the time to get a market analysis
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Are you looking to invest in Seven Oaks homes for sale in Tampa's fabulous Wesley Chapel community? If you are looking to invest in property and you like making bets outside of a casino, preconstruction real estate may be a good idea. As a professional real estate expert specializing in properties in the Tampa area, I know about all the creative ways to be profitable within the real estate investment arena. The risks of buying a preconstruction property may be risky, but there is also a huge potential for profitability.
Homes for sale in Seven Oaks are often some of the hottest selling properties you'll find when you compare them to other Tampa communities. Because of this, many investors will want to get in early on a builder's plans to create homes in Seven Oaks or possibly other areas within Wesley Chapel. But the key is to remember that buying preconstruction is all speculative and therefore a buyer should be prepared for all the good and bad that could occur.
What a potential buyer would do when investing in preconstruction real estate is to purchase a unit before any construction at all has begun. The hope is for an investor to get a property at a rock bottom price from the builder by buying in early on in the process.  Once an investor is officially the assigned buyer of a property, that buyer can go looking for a new buyer for the property. Real estate in Seven Oaks can be done this way as investors look for opportunities to make money in preconstruction real estate.  In the Florida area, where retirement and vacation home purchases and sales abound, a newly built home or condo can change owners many times before actual completion. Keep in mind it is the person (or persons) who gets involved in a deal the earliest with preconstruction real estate that will often reap the highest return on their investment.
With preconstruction real estate, a buyer is looking to profit off of the realized dream of buying Wesley Chapel real estate or another comparable suburban area. Of course a builder will always love to pre-sell any of its homes because it looks better to their lenders. And this is why an investor stands to make such a great profit on selling these homes; the deal they received would be so good that it should be easy to make a profit (remember I said, "should be").
Imagine how good you'll feel if you should purchase a magnificent Seven Oaks homes for sale that you get at a great price and is high demand when completed. Obviously the goal is to purchase a property that is going to increase in value exponentially. If the value increases, then an investor stands to make a pretty profit, which is ultimately the goal. Even when risks are considered, the potential to achieve maximum profits is the biggest reason for looking to Seven Oaks homes for sale that are preconstruction.
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The Federal tax credit of up to $8000 is available for those who qualify. One of the criteria is to close on a home that will be your principal residence by November 30, 2008. We can help you find that home. Standard Pacific has several that will be completed in Country Walk and ready to close in time. The prices are are in the $200,000's. All are four bedrooms with over 2000 square feet. Call us today to find out more about the homes available.
Country Walk is a community with amazing ammentities. The ammenities include Country Walks' beautiful new 5000 sq ft community center. It features a state of the art fitness center, media room, party kitchen, and sooooo much more. Outside you'll find 2 pools, tennis courts, and multi purpose field with tennis courts, playground and volleyball. Many of the homes are on a pond, conservation areas, or greenways Come and relax with all the amenities in this 154 acres of conservation and wetland area with more than 30 acres of open space recreation and common area. Country Walk is located in Wesley Chapel about 4 miles from the junction of I-75 and SR 54.
The contents of this posting are the property of Pam Mabe and Solaris Realty of TampaBay. Pam Mabe is a broker working in the Pinellas and Hillsborough area helping buyers and sellers buy and sell homes. Contact Pam at 813-245-0316 to list your property for sale or to purchase a property in Hillsborough, Pinellas or Pasco County area. Information is provided in this blog with the intent to educate homeowners and buyers about Tampa, St. Petersburg, Clearwater, Brandon, Wesley Chapel, Lutz, Valrico, Odessa and other communities in the Tampa area. For more information on different communities and subdivisions go to my website at TampaHomeGuides.
Visit my profile to find my more about my services. Call 813-245-0316. To view homes for sale in the Pinellas and Hillsborough area, click here and then fill in the information on your dream home.
Solaris Realty of TampaBay. Pam Mabe is a broker working in the Tampa area helping buyers and sellers buy and sell homes. Contact Pam at 813-245-0316 to list your property for sale or to purchase a property in Hillsborough, Pinellas or Pasco County area. Information is provided in this blog with the intent to educate homeowners and buyers about Tampa, St. Petersburg, Clearwater, Brandon, Wesley Chapel, Lutz, Valrico, Odessa and other communities in the Tampa area. For more information on different communities and subdivisions go to my website at Tampa Home Guides.
Visit my profile to find my more about my services. Call 813-245-0316. To view homes for sale in the Tampa area, click here and then fill in the information on your dream home.
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Renters are really starting to realize that for just a little more per month they can own a home.
When you rent, all the benefits go to the owner of the property.
If you purchase a home, you get the tax benefits. Low interest rates. Tax incentives. Win, Win, Win.
There are so many super terrific homes for first time home buyers, bargain priced homes. Bank owned homes, approved shortsales, just plain motivated sellers are out there saying to you "Pick me. Pick me."
There are some areas that still offer 100% financing. You can have your closing costs rolled into your purchase. If you are a military person, VA loans also offer 100% financing. FHA loans require only 3 1/2% down. Low interest rates mean you can get more house for your money each month, with a fixed rate mortgage. It is such a great time to be a buyer. Prices will be inching up, as well as interest rates. Mortgage companies only increase their scrutiny of a home buyers situation as time goes on.
Is now the time to sieze the home buying opportunity for you?
Please let me know if there are any questions that I can answer for you.
Warmly,
Stephanie LeFew, Tampa Realtor
Solaris Realty of Tampa Bay
813-624-3332 cell
My Services are FREE to Buyers!! Buyer Incentives available, just ask
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