Oil Disaster = Better Beachfront deals in Bay Area?

As someone who is very concerned about our environment, I am deeply saddened by the BP Oil Disaster. Even though we have not seen any oil here, all of the new hype has started taking their effects on people who rent beachfront properties. "the Unknown" appears to be a reason to consider other options instead of locking in that regular beachfront local.

At the same time, for long term investors, this might be a great opportunity to get an incredible deal on beachfront property with historic low prices.

This article highlights the hype and the opportunity:

http://www.tampabay.com/news/courts/civil/clearwater-couple-sues-bp-claim-spill-de-valued-their-home/1101844


Steve Armstrong, Realtor, GRI, Certifying Agent, Florida Green Builders Coalition Smith & Associates Real Estate http://www.UniqueTampaHomes.com

Flood Insurance Challenges

For those of you buying homes in the flood zone for the next several weeks, there may be some challenges.

Congress has not extended the National Flood Insurance Program that allows new policies for flood insurance to be issued. This could be a large challenge with lenders on waterfront property.

Contact your politicians to identify this as challenge for home values and our coastal way of life. A lapse in the program doesn't help instill the ststability that we need.

Thanks,


Steve Armstrong, Realtor GRI Certifying Agent, Florida Green Builders Coalition Smith & Associates Real Estate http://www.UniqueTampaHomes.com

First Time Home Buyer goes into 2011 for Military Buyers

Just in case you were not following:

For those Active Military Buyers who qualify for the first time home buyer credit of $7500.00 is still live and active until April 2011.

Active Military individuals can still take avantage of a great buyers market.

Steve Armstrong, Realtor Certifying Agent, Florida Green Builders Coalition Smith & Associates Real Estate http://www.UniqueTampaHomes.com