Tampa Real Estate Info
Gurvich Group
813-205-1802
Contact Us
Categories
- Channelside Market Updates
- Downtown Tampa
- Hillsborough Property Tax
- Home Inspection Tips
- Homes For Sale in Tampa
- Keller Williams
- Mortgage Rate Watch
- New Projects (Condos)
- News on Interest Rates
- Seminole Heights Homes
- Short Sale Information
- South Tampa
- South Tampa Neighborhoods
- Tampa Condos
- Tampa Florida
- Tampa Florida Real Estate
- Tampa FSBOs
- Tampa Home Buyer Tips
- Tampa Homes
- Tampa Luxury Homes
- Tampa Market Conditions
- Tampa MLS
- Tampa Neighborhoods
- Tampa Real Estate
- Tampa Realtor
- Tampa Waterfront Homes
- Things To Do In Tampa
- Tips for Sellers
- Uncategorized
- Westshore
Archives
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
Prospective Tampa Condo Buyer Weighs Choices
October 29th, 2007 categories: Tampa Real Estate, Tampa Condos, New Projects (Condos), Tampa Market Conditions
I recently posted about an e-mail I received from a prospective Tampa condo buyer. I subsequently received an e-mail from a sales rep at a condo project in the Riverview area. He had read the post and felt that he might have exactly what Prospective Tampa Condo Buyer is looking for.
Lenny,
I came across your blog and took special notice of the entry in the subject line. I sell the Luxury Garden Homes in FishHawk Ranch, and I have a home that may be what [your client] is looking for. The ‘Ashwood’ is over 1400 sqft, 2 + loft/2.5 with a 2 car garage, loaded with luxury features including stainless steel appliances. It is right across the street from Park Square, FishHawk’s outdoor town center with shops, restaurants and night life. The advertised price is $224,900, but we have a SPECIAL right now for $215,900 with $5,000 toward closing costs when using a preferred lender.
So I passed this information on to my client and he decided that the project was worth consideration. He went and took a look, and was very impressed with the floor plan of this project and the value, as compared to what $220k can get closer to the downtown Tampa area. But unfortunately, for his line of work, the location was ultimately just a little too far off the beaten path.
Today we’ll look at a townhome in another area of town that is very aggressively priced near $180k. Aggressively priced because the lowest sale to date (very recent) of a comparable unit in the same project is much higher, by about 20% actually. Why is it priced so low? Because the seller “just wants to dump it and take the loss” according to the listing agent. It’s a property that is owned free and clear with no mortgage to be paid off at closing. No short sale situation with bank approval required to get in the way of a good deal. The unit is less than 18 months old and is much better located, at least for Prospective Tampa Condo Buyer’s needs.
We’ll take a firsthand look and see if this one will work for him. He understands that this is a buyer’s market, and he also understands that there may be further downside in Tampa’s residential real estate. He knows that there are few buyers to compete with currently, and when the opportunity to purchase at 20% below market (recent sales) comes along, it’s worth a look.
Deal or no deal? Subscribe
Leave a Reply
Also Noteworthy
How's The Market In Your Neighborhood?