Is the Real Estate Market turning to a "Sellers Market"?

As a Realtor that works with buyers trying to take advantage of some of the great market deals out there, we have more and more examples of competitive bidding situations.   Real Estate Buyers want a deal and the news portrays these as easy to get, however, homes priced well, go under contract quickly.

Finally the news has recognized this trend.

http://www.tampabay.com/news/business/realestate/bidding-wars-break-out-over-tampa-bay-area-homes/1222782

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

TAX Advantages of Short sales transactions ends 2012

For those of you that are considering a real estate short sale transaction for your primary residence, 2012 is the last year that the Mortgage Forgiveness Debt Relief Act of 2007 to get those tax consequences waived.

The key to a short sale involves your ability to offer a property for less than the loan amount and be approved for that sale by the end of 2012.   With short sales taking 3-7 months on average, you cannot afford to wait to get that home on the market.

Let us discuss how we can help you get your home sold!

Here is a good reference link http://www.ehow.com/about_6582533_real-short-sale-tax-consequences.html



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

It is all about Location, Location Location

With Tampa Bay's available "good" inventory continuing to slide down, the Tampa Bay Times has identified a trend that seems to be growing.   Our much sought after waterfront properties are getting harder and harder to find

http://www.tampabay.com/news/business/realestate/new-waterfront-condos-disappearing-from-market-in-tampa-bay/1215300

Let us help you find that waterfront deal!

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

Just Sold!

Over 6000 square feet on 340 feet of bay front with 5 bedroom and 5 fireplaces. List price $1,998,000

Let the Bay To Beaches Team find your dream home!

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

Home Owners Insurance in Florida

I get asked many times from new comers to Florida about our our home owner and flood insurance rates.  As many of our residents are aware, we have significantly higher premiums in the state because of our notorious hurricane season and outlook for tropical weather.    Being surround by water has it advantages and costs.

Two things to keep in mind when buy a house, generally there are requirements and discounts related to your flood elevation and the ability of a home to withstand wind damage.    As a result, when doing home inspection it is important to ask your insurance agent and inspector about a Wind Mitigation Survey.

With recent changes to wind mitigation inspections, I found this article useful on the Smith Blog: http://www.smithandassociates.com/blog/2012/01/wind-mitigation-changes-are-you-in-the-know/

Additionally depending on your homes proximity to the flood plain, your insurance company may require an Elevation Certificate to get coverage.  This can be obtained from a previous owner or from your title agent. (or as part of the Survey).

We are happy to help you navigate our insurance challenges here in the sunshine state, just let us know how we can help.

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

Tampa Platt Street Bridge to Re-Open

After months and months of frustration in South Tampa, Tuesday January 17th marks the date that the Platt Street Bridge re-opens.  This will make getting into downtown Tampa much easier and more enjoyable.

That being said, the progress represents the beginning of a more bike friendly Bayshore.

More info http://www.tampagov.net/appl_tampa_announcements/ViewRelease.asp?ReleaseID=8860

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

UniqueTampaHomes.com 2011 Real Estate Newsletter

Feel free to check out my latest end of year newsletter.

http://myemail.constantcontact.com/UniqueTampaHomes-New-Year-2011-Newsletter.html?soid=1101774176732&aid=Gfk_u6ghI_4

Steve Armstrong, Realtor Certifying Agent, Florida Green Builders CoalitionSmith & Associates Real Estatehttp://www.UniqueTampaHomes.com