Tampa Bay Appraiser's Blog

Tampa Bay Real Estate Market Poised For Rebound?

Posted March 5, 2010 By Dave Tipton and has no comments yet.

Two weeks ago I met with my financial advisor Nick Ruggeri, President of NJR Investment Advisory. One of the topics that we discussed was, what his opinion was of the future of the real estate market in Florida and more specifically, the Tampa Bay Area. Nick Ruggeri, whom I have a huge amount of respect for, felt that we would see housing prices in Florida continuing to drop throughout 2010 and begin a serious rebound in the fall of this year. Ruggeri felt that 2011 would be an excellent year with the rebound in full swing for the foreseeable future. This was excellent news to me, and then it became official. (more…)

Categories: Real Estate General, Tampa Bay News & Views

Tags: Real Estate Rebound Predicted, Realtors Opinion, Tampa Bay Real Estate Market

How to Negotiate a Purchase of Tampa Bay Area Foreclosure or Bank Owned Real Estate

Posted March 2, 2010 By Rick Frissell and has no comments yet.

Tampa Florida Bank Owned Properties

The first thing you should know about buying a Tampa Bay Area Bank Owned Property is that you have greater negotiating leverage if the property has been on the market for a while. When an REO first goes on the market, the bank may be unwilling to negotiate down on its asking price as it wants to get as much of what was owed on the original loan back as possible. However, once a home or condo has sat too long on the market with few bites, a bank becomes more willing to take what it can get since its primary goal is to get the asset off the books and increase shareholder value. Banks have no desire to be in the real estate business. So, here are some tips on how to negotiate with a bank when buying a bank owned property. (more…)

Categories: Real Estate General

Tags: Bank Owned Real Estate, Foreclosed Homes, Tampa Bay Area Foreclosure

Six Excellent Reasons To Get An Appraisal

Posted February 18, 2010 By Jon Tipton and has no comments yet.

Every year, countless people in the United States buy, sell or refinance their own slice of the American Dream. Most, if not all, of these transactions include a simple line item for an appraisal. It has become an understood and accepted part of a real estate transaction. ”Let’s bring in the expert and make sure we’re not spending too much on this property.”

But is this the only reason to get an appraisal? Are there other times when the services of a certified, licensed, independent real estate professional might come in handy? You bet. (more…)

Categories: Real Estate Appraisal

Tags: Hillsborough county appraiser, home value, Real Estate Appraisal, Tampa bay appraiser

When Divorce Interferes in a Real Estate Transaction

Posted February 14, 2010 By Jon Tipton and has no comments yet.

Marriages already strained by the economic crisis are thrust into even worse territory when couples choose to divorce but cannot sell their homes.

Each spouse needs the proceeds of the property sale to make a down payment on another home or to otherwise move on with their lives; but in many instances, there are no takers for the residence and the owners owe more than the real estate is worth. (more…)

Categories: Real Estate Appraisal

Tags: Divorce, Real Estate Transaction

10 Features Home Buyers Want

Posted February 10, 2010 By Dave Tipton and has no comments yet.

According to a survey conducted by MarketWatch, (01/30/2010) of home designers, builders and home buyers indicate that buyers are seeking cost-effective features and rejecting things that don’t have lasting value.

The survey seems to indicate that it’s all about family togetherness – casual living, entertaining and flexible spaces. The annual survey of buyer preferences, identified these must-haves in new homes:

  1. Large kitchens with islands
  2. Energy-efficient appliances, super insulation, and high-efficiency windows.
  3. Home offices….. (more…)