rmasse10's Blog: All Categories

Here we go again (or at least here I go again).  The Tampa Market has been pretty active lately, especially for Tampa Foreclosures, Bank owned and Short Sales.  I can tell you for a fact that people want to buy homes, have the money and the credit scores to do it with (my wife has one client that has a score of 825) and the offers are being written (my wife, in the past 2 weekends has written up no less than 13 offers) and with all this going on, cannot get more than 10% of those to the next level.  Seems that the banks still don't know what to do with these offers other than hold them until they get enough of them and then make a decision.  Well, that can backfire on you just as fast.  The buyers out there don't want to wait so they just pull their offer…

You hear this all the time in the news now, Foreclosures, Short Sales, REO, Repossessed, Bank Owned, etc...what the heck is the difference between all of these.  Well let me try to separate this all out for you.  If you are looking for these properties, look no further, check us out at Tampa Bank Owned for FREE access to all residential and commercial properties available for sale.

1. Tampa Foreclosures - This is a home that has or is going through the foreclosure process, in other words, the lender is trying to get the property back due to lack of payment per the mortgage agreement.

2. Tampa Short Sale - This is where the bank has authorized the current owner of the property to sell the property for less than what is owed the bank.

3. Tampa Repossessed…

It has been a rather interesting few past days in the Tampa Real Estate Market.  We have brought alot of clients through homes and I have begun to see a pattern.  I do not actually take the clients out, my wife handles alot of those where as I take on the commercial clients (I needed to say that or she would kill me), but what I have noticed is that everyone wants "A Deal".  Not just any deal, but a deal where the bank is involved.  For some reason, and maybe because the media has made this whole thing out to be something it is not, these clients want only Pre-Foreclosures, Bank Owned, Short Sales, and the like.  Not because it is necessarily a good deal, but because it is perceived that it is a good deal.

Here is what I mean, for example, I show (I mean…

I tried an experiment today.  My best friend in the world just came back from Russia where he has been for the past 10 months.  He has been there playing hockey (he happens to be a pro hockey player, use to play in the NHL but left to play in Russia for a few years).  Anyway, he is younger than I am and looks up to me to help him out where he needs help.  So, he asked me to take a ride today to Home Depot.  I reluctantly said yes and left my phone and laptop at home.  We went to Home Depot and bought a bunch of stuff, took like 2 hours or so.

After about 1 hour, I started to get withdrawal symptoms.  Now mind you, in my home where I conduct most of my business, I have computers in every room, my phone always by my side and am constantly connected somehow…

Ok, I am a Realtor so you are probably thinking "What the heck is this guy talking about".  Let me tell you, that Title is the Truth and I will explain why.  I am a listing agent so I list property.  My wife is a Buyers Agent so she helps buyers, and so on.  Well, my side is not a problem.  An agent calls me up, wants to see one of my listings, I make the arrangements if needed and your good to go.  As a Buyers Agent, especially in the Tampa Real Estate Market, at least that is my market, a Real Estate Agent takes the Buyer to see the properties, if the Buyer likes it enough, they make an offer.  Ok, great, an offer.  If I get an offer, I process it right away like a hot potato, quick in, quick out, faster it gets through the process, the faster is gets to…

I find myself becoming the center of all things in the office...probably because I try to teach everyone the benefits of sharing their talents with others in the office and dedicated alot of my own free time to help people.  Because of this, I have become somewhat involved in other peoples lives.  I know things about people that for whatever reason, they kept private but were looking for a vessel to unload stress that was building up regarding their issues.  I have one agent in the office, I would now call my friend, which has been struggling with dealing with a disease that his young son has been dealing with since birth.  His son has Congenital Glaucoma.  I do not know much about this disease other than the fact that his young son of 2 years old has it…

I guess I am one of the only one who actually blogs about the great things that happen to me...my trials and tribulations sort a speak.  Well, had another fantastic day today.  Let me tell you how it went (I figured this would be good for a laugh for everyone).

The day started out fine, went into the office to help other agents with their tech questions for the day.  I had a full schedule set up for the day and my wife had clients that she was out with showing Tampa Real Estate to.  Anyway, all is fine until the phone rings in the middle of one of my meetings.  My wife is on the phone saying that there is a problem with the battery.  New Battery, so don't think so, probably something else.  But I have this feeling that something worse is coming (that is…

I am now absolutely convinced that the major issue with Tampa Foreclosures, Short Sales and the like are the Banks.  This just happened to me this morning which caused a domino effect of other events that I will not go into in this Rant. 

I have a listing that is a Villa in a really nice development.  The owners are nice people and through no fault of their own, they needed to sell the property.  This is not the property that they live in.  Villas in this development are very tough to sell and we instructed them of the such at the time, in turn, they have given us many referrals for other business so it has been a good relationship so far.  Last week we went by the property to check on it and noticed a FedEx document that was opened left at the door.  We…