Ok, so this is not an Oxymoron, what I mean is that the Tampa Foreclosures, ie. the Banks dealing with these properties, are getting a bit faster, a bit more reasonable with BPO’s, and a bit more friendly on the phone. Not sure what happened, but all of a sudden, things just got better.
I can never tell what is going to happen tomorrow, but at least for now, the banks are a little friendlier. Hopefully this keeps going, but I wouldn’t hold my breath on that one!
The Tampa Commercial Market appears to have slowed down a bit. It seems that there is a seesaw type of effect occuring between Residential and Commercial. Residential was down and Commercial was up, and visa versa. Well Residential is up now due to great pricing, and Commerical is taking a back seat a bit. Financing is a bit tighter, but there are still great deals for business’s, commerical and investment property, both seller owned and bank owned.
If you are looking for the best deals out there in the Tampa Bay area, please look no further, check us out at http://www.findmyfloridahome.net/commercial
The Tampa Real Estate Market continues to move at a swift pace. Tampa Foreclosures are moving very well as banks are moving a bit faster in the process of their paperwork to get these properties off of their books. What took close to 6 months at times some 6-12 months ago, seems to be faster now due to the banks coming to a realization that the properties can only be sold at market value and not at the value that they want. Like any property, the property will sell at market value and market value only regardless of what you think it is worth.
On another note, banks are helping out more families that wish to stay in their homes. More and more loan modifications are being approved. The banks have finally figured (at least some of them) that it is better to get something, although less, than nothing at all. There are however some banks that are notorious for not helping out the home owner and wish to rush to a foreclosure sale just to find out that it does not sell at the courthouse steps, the property is foreclosed on, the bank takes the home back, hires a Real Estate Agent, and ends up selling it for far less than what it could have if it had sold it as a short sale or to just keep the home owners in the home and continue to collect mortgage payments.
I assume that over the next 6 months, the banks hopefully with the help of the government, will streamline the process so that we can put this mess behind us…only time will tell!
Interested in checking out what is available, click the button below and search for FREE with INSTANT ACCESS the entire Foreclosures Database, over 4000 properties listed.
My wife and I are involved in the Tampa Real Estate Market, and it has had its ups and downs. Social Networking has been a fantastic means of advertising our listings and ourselves. But by “advertising oursleves” I mean, letting people see the real us. None of this “I am the greatest realtor in the world, come and list or buy with me” crap. That pretty much says that you are not.
My wife and I are pretty much a couple, like many other couples, the only difference is that we put ourselves out in the public for others to see. We display ourselves as we truly are, and not hid anything. People can see thru people that are false, unethical, untruthful, etc. so why waste the energy creating a persona that doesn’t truly exist. Many people do online because they think people will not like the “true you”.
It is always better to show others who you are, then if they decide to be friends with you in Social areana online, at least they did for all the right reasons.
Team Masse, an aggressive Team of 5 agents, 2 Short Sale Negotiators and 2 Administrative Assistance, offers the most comprehensive list of Tampa Foreclosures, Bank Owned, Short Sales and Auctions any place else on the NET today.
Team Masse is also very successful in getting Short Sales negotiated and closed with a close rate of 85%. We have established relationships with these banks and when our files come in, we are already on the fast track in many cases due to the fact that the banks know how we handle the files and we are “On top of our Game”.
If you are in the market for property in the Tampa Bay Area, and looking for a good deal, please visit us at Tampa Foreclosures for a complete list of every property currently available (currently over 4000 properties).
Times are a changin’. Things are moving so rapidly right now that the days of the old school Real Estate Agent are OVER! Let me say that one more time so that you get it. The days of the OLD SCHOOL REAL ESTATE AGENT ARE FINALLY OVER! No more knocking on doors, no more cold calling, no more, “Hey I am your local Tampa Real Estate Agent expert”. Guess what people, people don’t care and they don’t answer the door, and they don’t answer the phone so stop already. Oh, and one more piece of advise to those of you that are still “Old School” agents, either join a team that is NOT, or get out of the business…I’m sorry but that is the truth.
Now on to the fun stuff, Social Media. This is the new way of doing business. It is interesting as it is an out of the box (way out of the box) approach, but it is a doing business without doing business. For example, I sell real estate in the tampa area and I would never jump onto a Social Forum such as Facebook or Twitter and say, Hey I sell real estate, buy from me! What I would do is try to interact with people of like mind, get to know them better, converse about topics of interest and hopefully, eventually, they will do business with me. Sounds odd, and many agents in my office look at me like I am crazy, but those believers that understand it, realize the power of Social Media. I am not going to go into the intricacies of Social Media, how it works, how to do it effectively, but merely give you a shot of reality.
Social Media is here to stay, either embrace it, or get out of Dodge, it is truly your choice!
Don’t be a Knucklehead, Nuff said…
I keep hearing this over and over again, “We are not paying Full price for that house”. Let me explain something to you. Here in the Tampa Real Estate Market, Full price would be the price that is owed the bank. So lets say that the home is listed for $150k and the seller owes $350k, guess what, full price is $350k. I could ask the listing agent to change the price of the listing to $350k and then we can come in and offer $150k, I am sure that would make many feel very good about their offer. But instead, the sellers are trying to put the homes at market value. After all, the Sellers are making absolutely NO money off the deal and they banks are the ones that are taking the lose. The buyer has a second set of fail safes in place and that is called the Appraisal. If you are pulling a mortgage, the bank is going to require an Appraisal, and not just any appraisal, an appraisal by their own approved appraiser.
So the next time you see a short sale listing, ask your agent if they could do a market analysis and if it is pretty close, don’t bother low balling the offer, because the bank has lost enough money over the deal already and they would rather sit on the property than just give it away!
Short Sales in the Tampa Real Estate Market need some help. What I believe is needed is government intervention to create a standardized method of processing these Real Estate Transactions from the Banks prospective. So here is the deal. If the bank approves a short sale, then it should follow a fast track to get the property listed, and sold. If these banks are taking money from the Government to stay afloat, which they are, then they should have no problem processing these transactions. This is where the whole slowdown is right now. I have seen some Short Sales take as long as 6 months to process. Granted, the Banking system was not prepared for this whole mortgage meltdown, but they have had ample time to reshuffle people around to handle the traffic, or they could hire an outside firm to handle the paperwork and the processing for a small fee.
And another thing, Mr Bank, stop nickle and dime-ing the Realtors that bring you an offer. If they put it on the market and offered 6% commission (3% buyers/ 3% sellers) then honor that and dont say “I’m only gonna pay 5% which ends up equating to just a few bucks and throws a huge wrench in our Real Estate Systems. We did all the work, we brought you a Seller, don’t bite the hand that feeds you, otherwise, you can try to sell it yourself….oh that’s right, you can’t…So knock it off!
Being a Tampa Real Estate Realtor and an Engineer, I think that I have taken the whole video thing either too far, or to a new level, I am not sure which as of yet. Team Masse Group continues to do what no other agents in the Country can and do do…give their clients instant access to homes, events, information, and everything in between via Live Streaming Video on the go. Say we have a client in Italy and they would like to see a property in Tampa, but they cant wait for photos or photos just do not give them the overall picture of what the house really looks like, no problem. A Team Masse Group Agent hopes in the car, drives to the Home, and begins to walkthru the home while streaming live video to the client. At the same time, the client can ask questions as the agent walks thru the home. 2 Way live communication and one way live video streaming…we Do it all the time and our clients love it.
We have added a page to this blog to show you the last streamed video posted. If it is playing when you get to the page, it is live! Let us know what you think! Check it out here Live Streaming Video
The Tampa Real Estate Market is really moving right now. So much so that I have needed to hire my third assistant just to keep up with the demand. Why so much demand…the market prices have fallen to a point that was a few years prior to the boom. The great thing about that is the fact that interest rates are much lower than they have been in years and the incentives are plenty coming from the government to basically jolt the life back into the market. First time home buyers, second home buyers, and investors have gone absolutely crazy with these prices. Everything is cylical, and the market prices will rebound as history has shown us. When it does eventually occur, the investors with all this property will start to sell again in the high end of the curve and reap the benefits of their investment.
First time home buyers will not need to buy again so soon as they will have been able to purchase a larger home now than prior. Second home buyers may move around a bit but not likely as much. I’m not hear to sell you a home, I’m not here to say sell your home with me. I am just here to state a few facts for you to make an educated decision. Cause like anything else, the sale is gonna end, and there are no exchanges, and no refunds!
