A Great Time to Buy in Tampa!

With so many houses to choose from, prices lower than they've been in years, and a v-shaped recovery predicted by economists, this is an opportunity to buy that you shouldn't pass up!

Various factors have resulted in a housing slump in the Tampa market, making this a golden opportunity for buyers. People often wait on the sidelines during market changes, and by the time they jump on the bandwagon, it’s too late. During the real estate boom a couple of years ago, many buyers lamented that they hadn’t bought sooner.
Some sellers sold during that great seller’s market and made a substantial profit, while other sellers waited. Presumably, they waited because they wanted to make more money. By the time most of those people put their homes for sale, there were already too many homes on the market. Days on the market dragged on, and prices fell. Those sellers jumped on too late. Now that it’s a buyer’s market, those who bought too late were wishing that they’d had better timing.
There are great deals in the Tampa area right now. Anyone who has been considering buying, should not let this opportunity pass by! Builders still have brand new homes in inventory left over from the housing boom that they are practically giving away. That fact is also driving down prices on resale homes. Tampa still has a great economy. We continue to grow at an astronomical rate, there are plenty of jobs, and we all seem to continue to spend money. Because of this, we’re expected to have a v-shape recovery. In layman’s terms, economists believe that our home values should increase sharply in the near future. So, if you’re considering buying or investing, now is the time!
Last, but not least, always use an agent to buy. Some people think that by working without a buyer’s agent, they’ll save more money. This is rarely true. An agent naturally knows more about the market than you do, and the people on the selling side know this. A builder’s agent will tell you with a straight face that he cannot go down any lower on a price, and cannot include your appliances. That same builder, when faced with a well-qualified buyer’s agent, would drop that price another 10% or more and include those appliances too. There’s also a lot more to a purchase contract than just price. If your financing falls through, will you be able to get your deposit back? What if the agreed upon repairs are not complete before walk-through? You need an agent to see to all of the details in the contract, several of which could either protect you or hurt you. The best part about being a buyer is that your buyer’s agent works for you, but gets paid by the seller!