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.
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