Q: What is happening in the Tampa Luxury Home market? A: This month’s Florida Realtor magazine just came out and had a great article written about the Luxury Home market here in Florida entitled “Steady as She Goes”. In short, the luxury market is poised for a rebound. The luxury home market is increasing in […]
Do you Qualify for a Loan Modification? Free Online Calculator
The Treasury Department is offering a free online calculator that helps borrowers estimate whether or not they qualify for the Home Affordable Modification Program ( HAMP). The calculator is available at checkmynpv.com. In the two years since its launch, HAMP has helped more than 270,000 borrowers receive permanent loan modification, thus lowering their monthly mortgage […]
Ask a Realtor: Should I Short Sale My St. Petersburg Home?
Q: I bought my home in 2005 for $230,000. Now it is worth approximately $100,000 less than what I paid for it and I just lost my job and am struggling to keep up with the mortgage payments. Should I short sale or just let the bank foreclose, or do a deed-in-lieu of foreclosure with […]
Selling Your Tampa Home: How to Price Using Comparables
Knowing how much homes similar to yours, called comparable sales (or in real estate lingo, “comps”) sold for gives you the best idea of the current estimated value of your home. The trick is finding sales that closely match yours. What makes a good comparable sale? Your best comparable sale is the same model as […]
14.6% Inaccurate, Yet Now Zillow to do Zestimates on Rentals
Previously I’ve lamented about the inaccuracies of Zillow’s “Zestimate”. Here in Tampa Bay, the Zestimate’s margin of error is about 14.6%. That’s because there is no way a Zestimate can tell if a home has upgrades or not, has an amazing view, versus a neighboring home that does not – it simply takes an average. […]
Jack Nicholson’s Overpriced Pad
Perhaps even Jack Nicholson needs to read our Tips on the Top 5 Reasons Your House Hasn’t Sold! Check out this Realtor.com video about the actors overpriced pad in Malibu. Thinking of selling your home? Contact us today for some expert advice on Tampa Bay’s real estate market.
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