Need a South Tampa Townhome? Plenty From Which to Choose!

August 30th, 2006 categories: Tampa Condos, Tampa Homes, Tampa Real Estate, Tampa Realtor

I’ve recently been working with a client to find a south Tampa townhome that fits his needs. My client has a relatively strict criteria for that townhome, so one would figure the search might be difficult. Not in this market. As developers in recent years struggled to keep up with demand for this property type in south Tampa, many new builder/developers entered the market. Also driving that demand was the speculative buyer who would purchase pre-construction with the intent to “flip” or sell the property just after closing and enjoy the the profits of the market’s upward swing during the period of construction.

So what we now have out there is a glut of townhomes purchased by buyers who never intended to live in them. Those buyers were betting on a steady stream of buyers who actually would want to live in these homes. So my client has plenty of these to consider, even though his criteria is somewhat limiting. And in seeing just about all of the homes that match his criteria, the range of quality runs the gamut from crap to pretty darn nice.

In walking through some of them with my client we often find ourselves wondering “WHAT WERE THEY THINKING?!” Common questions are “Why did they build this here, surrounded by commercial buidings?” or “How am I supposed to use this space?” or “Why use a door like this which such cheap hardware on a place in this price range?”.

So the south Tampa townhome buyer has choices currently. You would think sellers would do everthing they could to make their place stand out from the crowd, but such does not seem to be the case, especially with the new, vacant stuff. So the buyer has the upper hand in this market and if you’re looking for a townhome in south Tampa, now is a good time to buy.

 

This entry was posted on Wednesday, August 30th, 2006 at 12:51 pm and is filed under Tampa Condos, Tampa Homes, Tampa Real Estate, Tampa Realtor. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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