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Archive for the 'Tampa MLS' Category
Tampa MLS Search Site Traffic On The Rise
March 10th, 2008 categories: Real Estate Market Reports, Tampa MLS, Tips for Sellers
In terms of overall users, February of 2008 was a record setting month for our Tampa MLS search site, SearchTheTampaMLS.com. We had 1169 users in February up from 1112 in January, the previous busiest month.
The site allows users to search virtually all central Florida MLS listings. It’s really a one stop site for Tampa residential real estate searches. The map search has proven to be the most popular feature of the site. Users can select just the portion of the map in which they are interested in searching for Tampa homes for sale.
Other features allow users to save their searches and then get an automated e-mail whenever a new listing meeting their criteria hits the market. E-mails can also be sent when the price of a listing changes. The Favorites feature allows users to save listings of interest so that they can easily be found when returning to the site.
But serious home buyers will find that there is still no substitute for a good agent who can do a much more detailed search on the Mid-Florida Regional MLS. As Realtors, we can search using much more specific criteria such as flooring materials, room sizes, roofing material, presence of a formal dining room, etc. A good agent will also have knowledge of soon to be listed properties that may fit a buyer’s needs. The best properties are often sold through an agent/broker network through word of mouth or other network marketing such as e-mails, fliers or postcard mailings.
So if your just beginning your search, or simply like to browse homes for sale, check out SearchTheTampaMLS.com. Once you decide to get serious and put to use the skills of a professional, give us a call.
Searching Homes For Sale In Tampa Florida
February 12th, 2008 categories: Homes For Sale in Tampa, Tampa MLS, Tampa Real Estate
We’ve made it easy it search for homes for sale in Tampa, Florida with our Tampa MLS search site, SearchTheTampaMLS.com. With virtually all central Florida MLS listings included, this is the only home search site you’ll need for Tampa Bay area home listings.
One of the great features of SearchTheTampaMLS.com is the map search. Simply select an area of the map, enter any additional criteria, and the results are displayed graphically on the map for you.
You can also save your search criteria and get an automated e-mail alerting you of new listings matching your criteria. Give it a test drive at SearchTheTampaMLS.com.
Where Are The Bank Owned Properties In Tampa?
January 17th, 2008 categories: Short Sale Information, Tampa MLS
I was recently researching some bank-owned properties in Tampa for a client and figured I pass on some of what I found. When a bank can’t move a property at auction, they take ownership of the property through foreclosure. The bank will then usually have the property listed for sale on our MLS database.
These properties are most often tagged as bank-owned in the Realtor Info field in the database.
So I downloaded all of the bank-owned properties in Tampa to a spreadsheet to easily sort and analyze the data. Here is some of what I found:
- There are 264 properties identified as bank-owned on our MLS (currently).
- 216 of them are single family homes.
- 26 of them are condos in Tampa.
- 17 are bank-owned townhomes in Tampa.
- Median list price is $129,900
- 4 of them are homes priced at $500k minimum.
- Some are waterfront.
- Zip code 33604 has the most bank-owned properties.
- Within 33604, the biggest concentration of bank-owned properties is in Sulphur Springs.
- The largest is a bank-owned home in Waterchase of 4086sqft., with 5 beds, 3.5 baths.
Data used is from the Mid-Florida Regional MLS for city = Tampa. All brokers/agents included.
Busy Week For Tampa Home Sales
December 21st, 2007 categories: Hillsborough Property Tax, Tampa MLS, Tampa Real Estate
This coming week is usually busy as buyers rush to close before the end of the year to qualify for the homestead exemption for 2008.
In order to qualify for any given year, buyers must own and have lived in the property since January 1st of that year. From Rob Turner’s website:
The deadline for a homestead exemption application is March 3, to have it apply for that year. You must own and have lived in the house as of January 1, of that year to qualify. You may prequalify for homestead year-round for the following year. Once homestead is granted, it is automatically renewed.
So just how busy? According to our MLS, there are 284 properties in pending status (City = Tampa) with an expected closing by 12/31/2007.
More about the Homestead Exemption:
Data used is from the Mid-Florida Regional MLS, all brokers/agents included. Does not include private, non-brokered sales.
Tampa Short Sales And The Mortgage Cancellation Tax Relief Act
December 12th, 2007 categories: Tampa MLS, Tips for Sellers
Had a discussion with a seller client earlier today regarding the debt that is forgiven when you sell your home for less than you owe on the loan. This is a common discussion Realtors are having with sellers all across the country.
A short sale is when you sell your home for less than you owe and your lender (note holder) forgives the remaining debt. This is a commonplace situation these days as home prices have declined in the past year (market value is less than what is owed). Not all homeowners will qualify for a short sale.
Currently, the IRS treats that portion of the debt forgiven as income on which you would be taxed. But thanks to the Mortgage Cancellation Tax Relief Act of 2007, that forgiven debt might finally be considered as tax free. We’re waiting for the Senate to pass it and George to sign it. The bill passed in the US House back in early October. Any debt forgiven on a primary residence would qualify.
Consult your tax professional for accurate tax information.
Questions about short sales? Does your situation qualify you for a short sale? Call us.
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