Buying A Home In Tampa?

For those looking to buy a home in Tampa now is the best time to do so

. November 2010, saw 2,225 homes with a median price of $115,000 being sold in Tampa Bay alone. If reports from the CNN are to be believed Tampa is one of the four cities that have the lowest index levels in years with the prices of real estate falling 1.6% since last year. Although the general trend for buyers is to wait and watch for real estate prices to fall even further, with respect to Tampa its unlikely that prices would fall further as sellers are now holding out to get a fair market value. If theres a good price thats offered, now is the best time to go ahead and buy it, rather than wait for a further decline in the prices. Although 52% of sales in September were distressed sales, 30% were a result of Tampa foreclosures. The Tampa short sales comprised 22% of all sales in September and the remaining 48% were regular sellers.

As earlier said, if theres a good time to buy property in Tampait is now! Tampa is known for its great night life and entertainment. Theres a house to meet every budget, with people looking for homes in Tampa generally spoiled for choice. You could either choose from Tampa waterfront homes, or choose from the many luxury homes in Tampa. People looking for low maintenance waterfront front homes can find them around the Harbor Island.

For those looking for new homes in Tampa, remember to get help from a professional and experienced real estate agent. He would have information on the latest Tampa foreclosures, Tampa short sales; Tampa bank owned homes, and Tampa waterfront properties. You could also find information on the websites maintained by these real estate agents. These websites often have Tampa MLS (Multi Listing Service) listings that give you thorough information about the different property rates of these places.

Tampa remains one of the nations lowest priced areas when compared to other areas and hence it is a bargain when compared to the prices of other coastal areas. In fact Tampa ranked 74th in terms of economic growth over the 2009-10 period. While its important to buy a home that fits in your budget its not always about the budget. Finding a low priced home wouldnt make sense, when there is an inventory that takes place on the home. Whats important is to find a home thats located in a desirable neighborhood and has top rated schools in close proximity.

by: Natasha Mohr

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