Archive for October, 2007
Will The Fed Rate Cut Help The Tampa Real Estate Market?
October 31st, 2007 categories: Home Buyer Information, Tampa Real Estate
Interest rates in the 5’s should be back soon and they may be the lowest rates all year. But will this encourage buyers to start looking again. Most people say no. The only buyers this will affect are the ones who had put off buying for a month to see if we’d get an additional drop.
Although rates continue to drop and sellers are getting desperate, buyers are still a bit skiddish.
If you are ready to buy a home or investment property before the end of 2007 and you’re looking to take advantage of the FORECLOSURES AND SHORT SALES on the market today make sure you have a Realtor who will show you homes that are priced right and them negotiate a great deal for you. There are no insulting offers in the real estate market, just people uncomfortable making an offer that could potentially solve a sellers problem.
“IF YOU BOUGHT A PROPERTY IN ‘05 …YOU PROBABLY REALIZE IT’S BETTER TO SELL WHEN EVERYONE ELSE IS BUYING AND BUY WHEN EVERYONE ELSE IS SELLING”.
For information about buying a home in the Tampa real estate market please call John Montesano at 813–441–0400.
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3 Reasons It’s A Great Time To Buy A Condo A Parkcrest Harbour Island
October 30th, 2007 categories: Harbour Island, Home Buyer Information, Parkcrest, Tampa Condos
If Your interested in a waterfront community on Harbour Island and don’t want to get stuck with high Home Owner Association (HOA) fees and your looking for prices potentially below $200,000. Look no further than Harbour Island.
Here are 3 reasons this a great time to buy a condo a Parkcrest On Harbour Island.
- Foreclosures and short sales allow you to almost disregard the asking price and start negotiating on your terms. There are currently 1 and 2 bedrooms that can potentially sell for under $200,000
- The Board has done a good job of maintaining the building and Proposed maintenance fees for 2008 are lower than 2007. Good job!
- It appears that interest rates will drop again this month, potentially to the lowest level we’ve seen all year.
Mortgage companies are eager to sell properties before the end of the year and Parkcrest has got several bank owned units and short sales available right now. Let me show you how great a time it is to buy a condo in Parkcrest.
For more info
rmation about Tampa condo sales or short sales and Foreclosures please call John Montesano at 813–441–0400.
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1911 Bungalow In South Tampa - Come Make An Offer
October 29th, 2007 categories: Featured Listings, Home Buyer Information, Home Seller Information, South Tampa, Tampa Real Estate
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SOUTH TAMPA HOME FOR SALE – SHORT SALE! Beautiful historical 1911 bungalow home in highly sought after south Tampa location! This home was meticulously renovated in 2005 but recently abused by tenant. Zoned for Commercial/residential. Only 1 block from a+ Mitchell elementary. Also located in Wilson Middle and Plant High school district. Very large lot with ample room for a pool or entertaining. Features include: updated central air/heat (less than 2 years old)newer appliances with warranty gorgeous kitchen with custom cabinetry and granite counter tops. Completely remodeled bathrooms beautiful hardwood floors throughout custom mill work leaded glass windows, updated electric and plumbing roof is also less than 2 years old attic storage with stair access. Brick paved driveway and sidewalk, deep front porch with ceiling fans fireplace and 9’ ceilings throughout. Call John Montesano at 813–441–0400 for more information ion this South Tampa Home for sale or short sale information |
$379,900
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Featured Listing In Baycrest Available In Short Sale - $199,900
October 28th, 2007 categories: Featured Listings, Home Buyer Information, Home Seller Information, Tampa Real Estate
Come take a look at this huge corner lot pool home??
Short Sale in Bay Crest, Tampa Waterfront community.
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Beautifully remodeled Bay Crest waterfront community home!! This 3 bedroom/ 2 bath home features: Neighborhood boat ramp with access directly to Tampa Bay Family friendly, very quiet, established neighborhood with mature oak trees on huge corner lot. 5 year old sparkling heated pool. Fenced back yard. pet and kid friendly home with travertine marble floors throughout and granite counter tops. Custom kitchen cabinetry with lots of storage space. Bright open floor plan with skylights and vaulted ceiling. Many, many custom touches and tasteful color scheme. All appliances including washer/dryer. Double wide carport with bay breezes. Minutes to TIA, good schools, Vets expressway. Mac Dill air force base is only 25 minutes away! 
This is a Short Sale and should sell quickly. this Baycrest home could be yours for as little as $199,900. Call me to view this beautifully upgraded pool home or for more information about short sales please call John Montesano at 813?441?0400
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2 Great Reasons Buyers Should Not Wait For Asking Prices To Bottom Out
October 23rd, 2007 categories: Home Buyer Information, Home Seller Information, Tampa Real Estate
Many buyers have been hold up on the side lines waiting for the THUD sound to know when the real estate market has bottomed out. Guess what… It doesn’t happen that way!
1. There are almost 10,000 homes for sale in Tampa alone.
Only 474 homes sold in September. A quick calculation tells you if home sales stay at this pace, there is approximately 20 months of inventory to go through. A good Realtor has explained this to their client and many sellers have already turned down an offer they regret. MAKE AN OFFER!
2. Many homes are Listed as short sales (short payoff) or Pre-foreclosure.
If your not out looking for a home now, you may not know the home of your dreams is in foreclosure proceedings. This means you may be able to buy it for 10’s or even 100’s of thousands less than it’s current value. All you need to do is call a Realtor experienced in short sales and negotiating the best deal with the owner and lender(s). Also many real estate agents with short sale listings have no idea how to price them to sell. So, the home is often way overpriced. GET OUT AND LOOK AT THE HOME YOU WANT!
Asking price often does not reflect the price a seller will take for a property. Extenuating circumstances may exist that would present a very good deal for a buyer working with a Realtor who is an experienced negotiator. GET A MORTGAGE APPROVAL AND BE READY TO BUY A HOME WHEN THE RIGHT DEAL PRESENTS ITSELF!
Call John Montesano at 813–441–0400 For more information about
buying or selling your home, in this market.
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There Is A Lot Of Confusion About Short Sales
October 17th, 2007 categories: Home Buyer Information, Home Seller Information, Tampa Condos, Tampa Real Estate
So you’ve heard about Short Sales and realize this could be the answer you’ve been looking for. Two very important pieces of advice.
![Ist1_3354900_better_be_prompt[1]](http://homewardrealestate.com/wp-content/uploads/2007/10/ist1_3354900_better_be_prompt[1].jpg)
Hire a Realtor, not just any Realtor but a Realtor with experience in SHORT SALES. This can be a long process and is often mis-handled.- As I mentioned in #1 this could be a long process. Do the required paperwork and BE PATIENT!. Banks move at their own pace not the sellers, the Realtors and certainly not the buyers.
![Ist1_4070455_bank[1]](http://homewardrealestate.com/wp-content/uploads/2007/10/ist1_4070455_bank[1].jpg)
Different lenders require different things however they will all want to know what your hardship is, why you can’t pay them and your financial situation. They will want pay stubs, bank statements and a list of your expenses. Some have forms to fill out so just want letters and documents.
They’ll want a few things from you Realtor as well, such as;
- Many will want to see a signed listing agreement.
- Synopsis of the market conditions
- Market analysis.
Some lenders want a contract, first along with an estimated settlement statement. Maybe photos showing condition with a brief narrative.
![Ist1_3939741_home_for_sale_sign[1]](http://homewardrealestate.com/wp-content/uploads/2007/10/ist1_3939741_home_for_sale_sign[1].jpg)
Short Sales are not a do it yourself job. Also, an inexperienced agent can make the whole process much longer than it needs to be. There are a lot of things a Realtor with Short Sale experience can do to help the lender make a quicker decision a minimize the time and pain of a short sale.
Please Call John Montesano at 813–441–0400 with any questions you have regarding Short Sales.
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Parkcrest Harbour Island Open House Sunday October 14 - 12-3 pm
October 11th, 2007 categories: Open Houses, Parkcrest, Tampa Condos
Waterfront community offers loads of amenities. Gorgeous waterfront pool, state of the art fitness center, business center, huge club house with pool table, kitchen, large TV room, and meeting rooms, concierge service, 24/7 security and much more.
Unit #701 – A 2 bed 2 bath condo with water views from the living room and both bedrooms. The condo has beautiful hardwood floor and granite counter tops, stainless steel appliances and a good size laundry room. Priced to sell @ $289,900
Directions – Follow signs to Harbour Island. Pass convention center, go over bridge to stop sign,turn left to first left to stop sign turn left into Parkcrest Garage.
Call John Montesano at 813–404–0001 for more information about Parkcrest Harbour Island or to set up a private showing.
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Short Sale Homes Not In Short Supply
October 10th, 2007 categories: Home Buyer Information, Home Seller Information, News Around The Bay
A short sale listing doesn’t guarantee a sale!
If you could check the Multiple Listing Service on any given day you find many properties listed as short sales.
- Be certain to ask you Realtor if they have any experience with short sales.
- having your information put together properly is of the utmost importance
- Your home needs to be Priced and marketed by a professional with short sales experience.
- DO NOT PAY ANY ONE IN ADVANCE! Realtors work for commission at the time the property goes to closing. In a short sale this is netted from the proceeds of the sale, of which you are not entitled. Say it with me this time DO NOT PAY ANYONE TO HANDLE YOUR SHORT SALE PAPERWORK.
- DO NOT GIVE AWAY AN INTEREST IN YOUR HOME! Unless an investor is willing to buy and close on the property in a timely fashion it may not be in your best interest to give away control of selling your home. In a short sale a price is negotiated with the lien holder and a quick closing is usually expected by all parties.
- CALL AN EXPERIENCED REALTOR.
For Further information regarding short sales in the Tampa area please call John Montesano, Broker, Homeward Real Estate at 813–441–0400
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2bed-2.5 ba in Towers of Channelside only $2295/month
October 10th, 2007 categories: Channelside, Tampa Condos, Towers of Channelside
Towers of Channelside. 1363 sqft plus incredible 274 sqft balcony with Water and Channelside views. Hardwood floors, Granite kitchen and bath counter tops, 42″ Kitchen cabinets. Great value at $2295/mo.
Pay only Electric!
This 2 bedroom 2 1/2 bath condo Includes A/C, Telephone, Cable & Internet and water. Available Immediately.
John Montesano, Homeward Real Estate today at 813-441-0400 
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