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CONDITIONS REPORT |
WELCOME TO NEW TAMPA! JUST OUT - Tuesday June 3 on fast Money CNBC from Washington….pending home sales increase 6.7% in April month-to-month. That is the 3rd straight month of rises in the pending homes sales index. Buyers are responding to favorable market conditions such as: 1) Increased affordability, 2) The first time home buyer tax credit and 3) Low, low mortgage rates. This is backed up by Bloomberg's News Article dated May 27 which stated the following: Home resales in the US rose for the second time in 3 months in April as foreclosure auctions and cheaper prices spurred bargain hunters, supporting the case for an end to the industry's slump this year. "The housing market is beginning to stabilize," Fed Chairman Ben S Bernanke said in congressional testimony on May 5. "We continue to expect economic activity to bottom out, then turn up later this year." Locally, a pick up in sales has helped trim the glut of unsold homes, with the most desirable homes being the first to sell. This decrease in inventory leaves the buyers who are waiting for "the bottom" (who knows when that will be, but it's close) finding that the less-than-desirable properties remain. Compound that with the risk of mortgage rates increasing and you have even more reason to BUY NOW. For first time homebuyers, the $8,000 tax credit applies to purchases completed before Dec 1, 2009. Short sales (a large part of our current market) can take 90 to 120 days or more to close, so first time homebuyers need to BUY NOW. Multiple bids are now common on foreclosure sales and even short sales, so you may have to make several offers before getting a contract, so BUY NOW to get the best deal on a great home! New Tampa currently has 548 active listings, with 394 sales from Jan-May. At this rate there is only a 7 month supply of inventory! Search all Tampa Bay properties at www.TampaCoastalHomes.com or better yet, call me for your FREE boat tour! Call (813) 390-7606 Thanks, Bonnie ZIP Code: 33647 Location Characteristics: New Tampa is largely made up of beautiful communities such as Grand Hampton, Cory Lake Isles, Tampa Palms, and Arbor Greene to name a few. Along with this development has come shopping, restaurants and schools. Easy access to the interstate (I75) from this area of Tampa. The area is excited about our Tampa Bay Rays playing in the World Series this year. AND the Super Bowl Committee is impressed enough with Tampa Bay to have us host the Super Bowl for the fourth time!! Come see for yourself why people love it here! A new feature to my Market Update are short video previews. Watch these short informative videos at http://tampacoastalrealestate.blogspot.com Leave a comment and you will automatically be registered for a chance to win a 2 Night Beach Getaway For More Information: About Bonnie Fagoh: I am a 40 year Florida resident of the Tampa Bay Area! Meet Bonnie FagohTuesday, February 3, 2009 For Immediate Release: Bonnie Fagoh again Awarded Masters** Bonnie Fagoh of Tampa Coastal Homes at Century 21 Beggins in Apollo Beach Florida has again been awarded Masters level recognition for 2008*** In a year that experts have noted as the most difficult on record, Bonnie has quietly gone on with what she loves, and that is helping families find fantastic opportunities in this coastal community... and it shows! "What I have found in 2008 and 2009 is that many buyers are very frustrated with the "pre-foreclosure bargains" that they have tried to acquire. Some have wasted many aggravating months waiting to find out if their offer will even be accepted by the lender on a distressed property that is in need of repair. I have helped families buy brand new homes from builders with full warranties and even close in 2 weeks! That's 2 weeks vs the national average of a minimum 2 to 3 months with distressed property. AND their payments were even less than if they had bought that "short sale deal". Some big national builders need to keep the scaled down workforce busy even if that means selling at a loss (under replacement cost). The hassle of liens and second mortgages etc... does not exist with these brand new bargains." Of course, all the normal due diligence has to be performed. For example, what is the history of the neighborhood? How are the schools? Many of these factors cannot be determined from photos or a written description... No, in today's market it pays to go with a pro who is very knowledgeable about the local area. You need to know that a realtor is serious about the profession. I have lived in my area over 18 years and in Tampa Bay for over 40 years. 2009 will be another year of helping others live the dream!" Let me put my expertise to work for YOU. I currently live on the water in Ruskin with my husband and 3 children. I understand the importance of community and good schools to those raising a family. Please do not hesitate to call on me if I can be of assistance in helping you find a new home. If you need to sell, I can help you get the HIGHEST price, in the shortest time, with the least amount of incovenience to you. I work at an office with a Sales FORCE of over 80 agents. There are well over 200 agents in our 5 offices that surround the Tampa bay area. Please call me at (813) 390-7606 so that I can assist you with all your Real Estate needs. Feb 09 UPDATE!!** Thanks again to everyone as I was again awarded at the TOP AGENTS retreat for 2008!! This is a measure of how dedicated to the real estate industry an agent is.... ask how was your production for 2008? |
Bonnie Fagoh again Awarded Masters**
Bonnie Fagoh of Tampa Coastal Homes at Century 21 Beggins in Apollo Beach Florida has again been awarded Masters level recognition for 2008***
In a year that experts have noted as the most difficult on record, Bonnie has quietly gone on with what she loves, and that is helping families find fantastic opportunities in this coastal community... and it shows! "What I have found in 2008 and 2009 is that many buyers are very frustrated with the "pre-foreclosure bargains" that they have tried to acquire. Some have wasted many aggravating months waiting to find out if their offer will even be accepted by the lender on a distressed property that is in need of repair. I have helped families buy brand new homes from builders with full warranties and even close in 2 weeks! That's 2 weeks vs the national average of a minimum 2 to 3 months with distressed property. AND their payments were even less than if they had bought that "short sale deal". Some big national builders need to keep the scaled down workforce busy even if that means selling at a loss (under replacement cost). The hassle of liens and second mortgages etc... does not exist with these brand new bargains." Of course, all the normal due diligence has to be performed. For example, what is the history of the neighborhood? How are the schools? Many of these factors cannot be determined from photos or a written description... No, in today's market it pays to go with a pro who is very knowledgeable about the local area. You need to know that a realtor is serious about the profession. I have lived in my area over 18 years and in Tampa Bay for over 40 years. 2009 will be another year of helping others live the dream!"
Happy New Year to all. We are very busy here in the Tampa Bay area for the fast approaching Super Bowl!!
The weather this winter has been absolutey beautiful. I am amazed by the tremendous bargains that are available right now. I do not think we will see in our lifetime the waterfront bargains that exist at this moment. Do not let them pass you by. I can tell you from very recent experience in helping clients that most of the time people are going thru the hasseles of foreclosure when you can buy brand new construction with full warranties that you cannot "build" or are under what you can bulild!! Some very large builders have to keep some workers busy and are making deals that have to compete with the foreclosures lets make it happen!
Floridas best Coastal Value. Professinal Sports Disney, Busch Gardens, Fishing, Beaches!!**
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