Jeff Launiere

Even those with a steady job and sufficient income are cautious about signing their mortgages for Tampa homes for sale. They realize that signing mortgages set them up with payments for a significant amount of their lifetimes. Others worry, especially now, about losing their jobs in an unstable economy. The "what if" game begins, and potential homebuyers know that, if they lose their job, there's a very real possibility they might lose their home.

Job-loss mortgage insurance gives homebuyers a "fallback plan" should they ever lose that stable income. It's a definite relief to many who want to buy Tampa homes for sale, but can job-loss mortgage insurance really help homeowners? Or, is it just another way to swindle the innocent out of hard-earned money?

What is it?

Job-loss mortgage insurance is exactly what it sounds like. Some insurance companies offer an insurance plan to help you pay your monthly mortgage payment should you lose your job. Although it's been around for years, the big companies, such as Bank of America and GE Casualty, have begun picking it up in the past 10 years,.

How does it work?

Job-loss policies pay all or part of your mortgage payment if your job loss is involuntary, and some pay if you become medically unable to work. Policies vary depending on the provider, but most go into action after a month of unemployment. Most also have a wait period which means they won't pay out during the first six months after you've purchased the policy.

Maximum monthly benefits, what the policy covers and whether you have to be receiving unemployment benefits are just a few things to look over while researching providers. As usual with anything insurance, make sure you read the fine print.

Is it worth it?

A lot of financial advisors say not to bother with the job-loss mortgage insurance. Take the money you'd be spending on insurance and build a savings account to hold six months worth of payments. However, many first-time home buyers have depleted their reserve funds just to get the house, and may not have the money to put aside.

My advice to you…

If you're interested in buying one of the Tampa homes for sale, but you're worried about your job stability, look into job-loss mortgage insurance. Once you have the facts, policy information and coverage costs, figure it into your finances (payments for coverage vs. building a six-month fallback account) and decide what's best for you.

If you're looking for a beautiful home at a price you can afford, I can help. Call me at 813-469-3163 or email me at Info@SweetHomeTampa.com for more information.

Some people who are supposedly "in the know" believe the American dream of owning a home has died. They spout "facts" that say home ownership - not just for Tampa homes, but also across the nation - is no longer on the minds of the majority of Americans.

Additionally, according to some of these individuals, urban sprawl is the reason for:

• the housing bubble burst,
• the break down of social mores,
• global warming (due to commutes, of course)
• and more.

It's amazing that the nation's suburbs can cause so many problems, isn't it?

Is the American dream of home ownership really dead? The number of people buying Tampa homes versus renting them points to a definitive… maybe. However, in newspapers and on the Internet, we're seeing tons of "if you can't sell your home, rent it out" information. We're seeing potential homebuyers being told that renting may be the best option. Why?

The economy, of course. While there are plenty of want-to-be homeowners, those same people choose to rent rather than own for a wide variety of reasons. The main reason, however, is that they think it will be cheaper.

When you first think of buying a home, it sounds like an overwhelming prospect with lots of money involved. However, while the down payment is much more than it would be for a rental property, it's time to really look at the cost. Instead of example numbers, let me point you to Money-Zine.com's Rent vs. Buy a Home calculator.

In Tampa and surrounding areas many homes are qualified for the 100% USDA loan, which makes it so that someone with little money can purchase a home, though whether they should is open to debate. With the $8,000 first-time homebuyer tax credit and the expanded $6,500 tax credit for those who have owned a home for five of the past eight years buying may for many people be a better deal than renting.

Now, before you start plugging in numbers, remember that the national average for a 30-year fixed rate mortgage is around 4.5% - 5%. The national averages for mortgage rates in general range from 3% to 5.5%. Of course, every situation is different, but think about it and really do your research before you decide whether to rent or buy one of our Tampa homes. Don't just assume it's better to rent; renting may not be the cheap option you think it is.

If you'd like to find your piece of the American dream, I can help. Call me at 813-469-3163 or email me at Info@SweetHomeTampa.com for more information.

Everybody wants to know how the housing market is doing, especially if they own Tampa real estate. I try to keep the newsy pieces to a minimum and spend most of my Internet space on helpful pointers, but a lot of readers have asked about the market. In response to high demand, here's a peak at the current national foreclosure trends:

Foreclosure Trends

It's a wonderful thing to own any kind of real estate (although I'm partial to Tampa real estate, of course). Unfortunately, many people have lost their homes due to foreclosure since the housing crisis started; there have been over 7.8 million since 2007. California, Florida, Arizona, Nevada, Illinois and Michigan have been topping the count for foreclosures, adding up to 62% of the nation's foreclosures.

California's numbers reached 349,435 foreclosures last month, and it was feared that those numbers might escalate. However, there's some good news there. Even though homeowners are still teetering, lending institutions are caving in under government pressure to work with those homeowners. For that matter, they may even be working with the government to stem the deluge of foreclosures.

HousingPredictor.com conducted a survey of homeowners that shows we may have as many as 25 million foreclosures before everything is said and done, mainly due to homeowners who are tired of watching housing prices fall. Such a glut of the market could cause some serious repercussions for the economy. However, again, there are some positive points.

For instance, current mortgage interest rates are ranging from as low as 4% to 5.5%, cut almost in half from the "housing boom" years. While housing prices may be dropping, the fall is slowing down. As well, lower prices mean more affordable homes. While this may not be a good thing for homeowners, it's an excellent thing for home buyers.

As prices drop and homes become more affordable, the glutted housing market of foreclosed and for sale homes is slowly shrinking. As the reserve market (the number of houses per capita that are for sale) shrinks, consumer confidence will build up (something we desperately need). Housing demand will rise, surplus will shrink, and prices will stabilize.

Of course, in the meantime, while you're waiting for things to stabilize, hold on to your Tampa real estate. Take advantages of the tax breaks available to upgrade your existing property, maybe get the renovations done you've always wanted. There are still opportunities in this market - you just have to find them!

If you're a buyer looking for a great home, act now to find amazing bargains. I can help. Call me at 813-469-3163 or email me at Info@SweetHomeTampa.com for more information.

If your Tampa home for sale isn't selling, you're probably wondering if you're missing something. Well, here's a list of things you might not know that could make all the difference:

1. If the location of your Tampa home for sale isn't great, the price and terms are the only thing that will sell it. Make them outstanding!

2. Attractive, competitive terms may help you get a higher price. For instance, if you're allowing the option of owner financing, and also allow a smaller down payment, you may be able to sell your house for a higher overall amount.

3. Because of the current high competition, your home has to be in the best condition at a competitive price. Check out the competition, accept that yours might need work, and get to it.

4. You can't set a limit for home improvement. If your home needs something done to beat the competition and you can do it, do it! You aren't just spending money; you're investing in the sale of your home. Although you may not get all your money back, you just might get a quick sale at full value.

5. Staging - you've heard of it; tons of agents are talking about it. If you want to get your house sold, either invest in staging services or do your homework and stage the home yourself. It's all about presentation.

6. Remember that you are no longer the host/hostess of the house. You are a business person, and your business is getting that house sold. Don't let your emotions get in the way of a solid business deal.

Putting up your Tampa home for sale is a daunting prospect. If it's been up for a while, it can be an exercise in frustration. However, keep the above points in mind, listen to the experts and put what you learn to work for you.

If you'd like to get your home sold, I can help. Call me at 813-469-3163 or email me at Info@SweetHomeTampa.com for more information.

If you're looking at homes for sale in the Tampa area, want to buy a home and are waiting around for better prices, you might want to rethink your strategy.

If you're a market watcher, soaking up the information overload across news media and Internet websites, you're probably overwhelmed with confusion by now. Is the housing market getting better? Is it getting worse? Was there really, when it gets down to it, a housing bubble collapse? And, if so, who popped it?

First, the quick answers. Yes, the housing bubble collapsed, and everybody had a hand in popping it: the government, the lenders, Realtors, Appraisers, the investors and the general public. Now the hard answers: it's getting better - and worse.

The truth is that market predictors are all on the fence. With the ARRA (American Recovery and Reinvestment Act) giving first time homeowners some incentive to buy homes for sale in the Tampa area and elsewhere, there has been a steady increase of sales. However, once the tax credit deadline hits at the end of this month, the numbers are once again expected to drop.

Again, though, it's better and worse. While the housing market is still dropping in some areas, such as the southeast in Mississippi, Alabama and so forth, there are definitely some strong markets in the country.

For instance, Boulder, Colorado holds 60% of the share of increasing home values. The average value is about $350,000, but there's a limit in place on the amount of homes allowed in the area. In Binghamton, New York, the average value of a home is around $112,000. They also have a housing limit, which means a small supply, so prices probably aren't going to plummet.

Just because this is a buyer's market, doesn't mean you'll get the exact price you're looking for. If you want to buy a home and you're waiting around for the prices of homes to plummet into a "sweet deal," make sure you don't wait yourself into an expensive mistake.

Instead of checking market forecasts, potential homebuyers need to look at things the way we always should have. Do I want to buy a house? Can I afford one of the homes for sale in the Tampa area the way things are now? By researching, crunching numbers and answering the important questions, you'll find the sweetest deal you could ever have: a wonderful house you can afford.

If you're looking for a place to call your own, I can help. Call me at 813-469-3163 or email me at Info@SweetHomeTampa.com for more information.