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Here are the Top 10 Reasons to hunt for houses in Tampa, St. Petersburg and Clearwater:
1. There is a record inventory of homes in this market at the moment. There is an 18-month supply. It has become a buyer's market with great prices (10-20% below list). 2. The area is incredibly popular for both vacation homes and full-time residences. Vacation home sales rose 4.7% to a record1.07 million in 2006. 3. Home closing are half of 2005, Sellers are highly motivated and drop prices. 4. Interest rates are still comparable at 40-year lows. 5. Speculators in Florida real-estate have held on to houses but are now offloading them at heavy cost, and/or are trying to get out of properties they made downpayments on. 6. Home Builders have overbuilt and are now offering new properties at large discounts 7. Financial planners say real estate should be a long-term holding in all portfolios 8. Now is a better opportunity for you to get the home of your dreams at an affordable price than ever before. 9. Sellers are now thowing in all kinds of interesting incentives 10. It's FUN to go on a house-hunting safari with a small team of interesting people, see the area, make new friends and find the home you were looking for! |
