Tampa Ranked One of the Best Real Estate Investment Markets
Tampa was ranked as one of the top markets for real estate investment by CNN money. Most of the top ten were comprised of cities in Florida. The high number of foreclosures, low interest rates and sunshine are drawing in investors. Daytona Beach moved into second while Fort Myers took fifth. Orlando ranked fourth, Ft. [...]
Salespeople
Realtors help people buy and sell houses. That is their job. If they are working for a buyer, they need to sell them on buying a particular house. If they are working for a seller, they need to sell a house to somebody. Real Estate is essentially an ‘outside sales’ job, meaning 90% of the [...]
No Vacancy
The current rental market is Hot. The recent record number of foreclosures have left families displaced, bank owned properties sit empty and mortgages are hard to come by. Throw in unemployment and depreciating properties and you get a high supply of prospective tenants. Properties shouldn’t be sitting vacant long in this market. Most of our [...]
No Jobs, No Housing Recovery
Until people are finding work, there will not be any appreciation in home prices and foreclosures will continue. The latest statistics show a drop in unemployment to 9.1%, but this doesn’t factor in people working part time or no longer actively looking. But all data aside, I am still seeing neighbors, friends and former colleagues [...]
The Other Number
When looking at comparable properties to see how much to list your property for rent, you not only have to look at the listing price, but also the number of days the property has been listed. A property listed for $1500 per month and sitting vacant for a year is worth $0 that year. The [...]