Tampa Bay Home Sales Shift Emerges

Home Sales Shift Emerges" was the headline in the Business section today of the St. Petersburg Times.  Finally something positive!  Well, almost positive.  But, hey, they are trying.  The article goes on to say that while home sale are still declining in the Tampa Bay area, our area is falling much less that half of the state of Florida's average.  How's that?  Well apparently all the short sales that we have in the area are finally moving.  In fact, some Realtors have multiple offers on short sales today.  A short sale is simply the practice of selling a house for less than the outstanding loan balance.  And, the bank (lender) either says yes, no, or here's a counter offer. Lately lenders are signing off more and more on short sale properties rather than seeing them through to foreclosure.  This is outstanding news because once we get the supply or glut of inventory down, we should start seeing a stablization of home sales and prices.

We have lots and lots of requests for short sales, foreclosure, pre-foreclosures, and bank owned properties these days.  They are not always a great deal as one would suspect but with a little bit of research and determination, we can help buyers see through the maze and decide if this is really a good deal worth going after.  Aside from short sales, we see so many great deals come past our desks that it is so tempting for us agents. 

Oh well, all of this is just a consequence of our current market and in a few years the term "short sale" will be a thing of the past.  Anyway, I am encouraged as I read the article to see that Tampa has declined far less than Miami, Ocala, and Pensacola.  Surely it's just a matter of time for those areas as well.

If you think the time is right for you to begin looking at properties for sale in Tampa, we hope you will visit our website.

• Rate this Post!

  Select Your Rating:

  • 5 Stars (Excellent!)
  • 4 Stars
  • 3 Stars
  • 2 Stars
  • 1 Stars (Poor)

• Share this Post

  Share With A Friend:

  Your Name Your Email

  Friend's Name Friend's Email

  Optional Message

  Send

• Print
• Social Bookmarking

  Add to Bookmarks: