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Tampa, FL Real Estate News

By Lori Hakeem Oxley
(Charles Rutenberg Realty, Inc.)
Well, if you are hungry for some delicious food...well, I have a place for you!  Circle's Bistro in Pebble Creek Collection, New Tampa has a wonderful variety and arguably the best food in the area.  Circle's specializes in both Italian and Asian dishes - unique from the "chain" restaurants.You can have a glass of wine, mood lighting, music, and the air of romance....or...the other part of the bistro is family focused with booths, a brighter dining area, and pizza.  Circle's offers everything from exotic Thai dishes, steaks, lamb, pasta and vegetarian dishes.  There is something to suit every palate.  Give it a try and tell them "Lori" sent you!!!Located at: 19651 Bruce B Downs Blvd # B2Tampa, FL 33647(813) 973-7703Bon Appetite!! Reviewed by: Lori Hakeemwww.YourCastleYourHome.com 
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By Katrina Madewell, Tampa FL Homes for sale | Tampa Bay - (813) 777-1196
(Charles Rutenberg Rlty- More than 5,000 agents(813) 777-1196)
Tampa Bay Humane Society is having a Microchip Days at there shelter. No appointment is necessary, the cost for the microchip is $15.00 for each dog or cat microchiped. Which includes lifetime national registration of your pets. The Humane Society of Tampa Bay at 3607 North Armenia Ave. will begin microchiping pets on May 19th, June 16th, and also July 21st, Aug. 18th.,from 10 a.m. till 1 p.m. This permanent identification placed under your pet's skin can be tracked by the 24PetWatch national recovery center.Your name, address, and phone number will be on the microchip so when your pet is found they call you anytime day or night.  FOR MORE INFORMATION CALL 813-876-7138.
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By Lenny Gurvich
(Keller Williams Realty Tampa, Florida)
The Multiple Listing Service, or “MLS” contains a wealth of data that reflects the current Tampa real estate market conditions. As members, we can set up what is known as a “hotsheet”. My hotsheet contains new listings, listings with price changes, expired listings, and new pending listings in the areas in which we specialize. Lately the hotsheet looks very similar to the one shown above with price changes leading the way in the count. The number and frequency of price changes has been on the increase lately as sellers become more competitive and realize what it takes to get the attention of the few serious and qualified buyers out there.
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By Katrina Madewell, Tampa FL Homes for sale | Tampa Bay - (813) 777-1196
(Charles Rutenberg Rlty- More than 5,000 agents(813) 777-1196)
There are currently 921 homes for sale in the Carrollwood and Northdale areas.  These price ranges are so broad.  There are prices as low as $89,250 reaching the peak at $4,500,00. in the prestegious Avila.  Want to know more about the area?  I'm your Gal!  I have spent over 32 years in the Greater Tampa Bay area, and 15 of those years were in this industry!  Born and Raised in the Tampa Bay area, I also grew up in the Forest Hills Carrollwood area.  I can tell you about Babe Zaharias Golf Coarse, and even how some of the streets got their name!!!!We are here to assist you with your buying, selling and borrowing needs.  If you have a question, please feel free to ask me anything!  There isn't too much I cannot answer about the Greater Tampa Bay area. Katrina MadewellYour Home Consultant...
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By Lori Hakeem Oxley
(Charles Rutenberg Realty, Inc.)
Wow!!  Another day of smoky skies in what is normally the "Sunshine State".  All the wildfires in Georgia and the strong wind patterns have landed lots of smoke in Tampa and the west coast of Florida.  In fact, it is reported that right now we have the highest levels of toxic air pollutants ever recorded in Tampa, according to TBO.com.The smoke is keeping many indoors, including students who would normally participate in physical education, sunbathers, and even the Tampa Yankees have cancelled a game for the safety of it's players.  People with breathing problems and the elderly as particularly at risk.  Unfortunately many people are required to be outside for their jobs...I know just being outside for a short time made my eyes burn (I wear contacts) and my throat feel dry.  I really sy...
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By Lori Hakeem Oxley
(Charles Rutenberg Realty, Inc.)
Arbor Greene Real Estate Update  (week of 5/1/07 - 5/8/07)Properties Listed = 5Properties Sold = 0Properties Expired from the market (EXPIRED) = 1Properties under contract (TOTAL PENDING) = 3Looking for more information on Arbor Greene??? Contact me at Lori@yourcastleyourhome.com.  Is customer service important to you?  Please review my client testimonials to see what kind of service I provide.  Let me help you find Your Castle, Your Home!
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By Lori Hakeem Oxley
(Charles Rutenberg Realty, Inc.)
Hunter's Green Real Estate Update  (week of 5/1/07 - 5/8/07)Properties Listed = 2Properties Sold = 0Properties Expired from the market (EXPIRED) = 1Properties under contract (TOTAL PENDING) = 0Looking for more information on Hunter's Green??? Contact me at Lori@yourcastleyourhome.com.  Is customer service important to you?  Please review my client testimonials to see what kind of service I provide.  Let me help you find Your Castle, Your Home!
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By Lori Hakeem Oxley
(Charles Rutenberg Realty, Inc.)
Grand Hampton Real Estate Update  (week of 5/1/07 - 5/8/07)Properties Listed = 5Properties Sold = 0Properties Expired from the market (EXPIRED) = 3Properties under contract (TOTAL PENDING) = 7Looking for more information on Grand Hampton??? Contact me at Lori@yourcastleyourhome.com.  Is customer service important to you?  Please review my client testimonials to see what kind of service I provide.  Let me help you find Your Castle, Your Home!
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By Lori Hakeem Oxley
(Charles Rutenberg Realty, Inc.)
Tampa Palms Real Estate Update  (week of 5/1/07 - 5/8/07)Properties Listed = 2Properties Sold = 0Properties Expired from the market (EXPIRED) = 0Properties under contract (TOTAL PENDING) = 10Looking for more information on Tampa Palms??? Contact me at Lori@yourcastleyourhome.com.  Is customer service important to you?  Please review my client testimonials to see what kind of service I provide.  Let me help you find Your Castle, Your Home!
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By Tom Burkett
(Charles Rutenberg Realty, Inc.)
As of 5/1/07 there are 52 Single Family homes for sale in Waterchase ranging from $379,900 for a 2135sq.ft home to $1,599,900 for a custom Marc Rutenberg home that is 4935 sq.ft. The avg. listing price per sq.ft is $215/sq.ft. down from $220 in March 2007 and the avg. days on market(DOM) is 118 up from 112 days in March 2007. So your avg. Waterchase home is 3,171 sq.ft in size and lists for $683,302and is a 4/3/3. That amount is $14,466 less than the $697,768 avg. price back in March 2007 which is a decrease of 2%. Today, I will give you a run down on Mar Azul, Allicante and Savona. Mar Azul- There are currently 8 listings down from 10 in March and ranging from $873,900 for a 3942 sq.ft home to $1,599,900for 4935 sq.ft. home with DOM currently at 141 up sharply from 108 in March. The av...
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By Peggy Edwards, REALTOR - Green Designation, e-PRO, Tampa Bay, FL
(Future Home Realty)
 The Tampa Bay Home Expo is coming to Tropicana Field in St. Petersburg, Florida!   The dates of the show are May 11th, 12th and 13th. Hundreds of exhibitors will be there to show you the latest trends in -landscapingremodelingkitchen designfurnituredecoratingwindow fashionflooring...and lots more!                                   Admission is only $3.00 and kids get in free.DirectionsExhibitor CategoriesThis exposition is always well attended and is a day well spent. Enjoy! 
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By Russ Perlowski, Tampa Real Estate
(People's Choice Realty Services LLC)
A Pops in the Park concert will be held in New Tampa by the Florida Orchestra.  The 80 piece orchestra will hold a concert on May 13th starting at 7:30 p.m.  The concert will consist of both classical music and movie themes, including Tchaikovsky's 1812 Overture.  Dress casually when you attend this concert at the Grace Episcopol Church at 15102 Amberly Drive in Tampa Palms, and remember to take a blanket and food and beverage.  This is the perfect time to pack a picnic basket!Russ Perlowski:  Tampa Real Estate--Selling homes in Tampa, Land O Lakes, and Wesley Chapel, FLSource:  St. Petersburg Times
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By Nancy Collado Suarez, PA
(Keller Williams Realty - New Tampa)
I have a client who is looking for a house to rent or even a lease-to-purchase with 2 bedrooms, 1-2 bathrooms in the Pasco or Hillsborough County area.  She has a day care license and would like to use the home to live in it and run her day care center.  She is looking for a home next to an elementary school.  If anyone has a listing that fits the above description, please contact me.Thanks for your help!Nancy Collado Suarez, PA, Keller Williams Realty - New Tampa 
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By Russ Perlowski, Tampa Real Estate
(People's Choice Realty Services LLC)
The Ybor City Arts Fiesta will be held in Ybor City on May 5th and 6th.  The location will be near historic Ybor Square.  Established more than 15 years ago, the Fiesta will place more emphasis on fine art than arts and crafts, and prizes will be awarded.  Additionally, the Hillsborough Community College will have an art display by its students, faculty, and alumni in Centro Ybor.                                                                           Russ Perlowski:  Tampa Real Estate
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By KATERINA VILLA-GARCIA
(RE/MAX Premier Group)
If you are looking to buy or sale in Live Oaks Preserve Tampa Florida make sure to contact me, there are excellent things to know about this community. Did you know that the elementary and middle school are next to the community? and the high school is just across the street. Kids in the Live Oaks Preserve community can walk or ride their bikes to school. These schools are wonderfull, just to prove it the principal of the elementary school Ms Ares was chosen the Principal of the Year by Hillsborough county PTA. Live Oaks Preserve has a beautiful clubhouse with tennis courts, basketball courts, pool, spa, gym, billards room, playground and more..There many more excellent things to know about Live Oaks Preserve, do not hesitade to call to find out more about this great community. A great ...
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By Russ Perlowski, Tampa Real Estate
(People's Choice Realty Services LLC)
While home sales have shown an increase over previous months, this is to be anticipated as we are now in the spring when there is typically more activity.  The inventory of homes for sale on the market remains high in the Tampa area.  Please note that the figures reflected below do not include private home sales and all new home sales.                       
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By Leah Ross, Tampa, Florida Mortgage
(Your Tampa Bay Mortgage Source)
Over the past couple years, homebuyers have been able to take advantage of Down Payment Assistance Programs, such as AmeriDream, Neighborhood Gold and many others.  How do they work?  For example: a homebuyer is purchasing a home in Tampa for $200,000.  As a first time buyer, they didn't already have established credit scores, so their lender was able to qualify them for an FHA Government Loan.  However, this loan requires a 3% down payment, which our Tampa buyers don't have to put down on their new home.  With the down payment assistance program, the seller could "gift"the 3% down payment plus an administration fee, typically $395, to the program and the program would then give it to the buyer at the closing table.  It has been a great way for buyers to take advantage of "no down payme...
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By Russ Perlowski, Tampa Real Estate
(People's Choice Realty Services LLC)
Transeastern Homes' troubles continue.  The parent company of the developer for Live Oak in New Tampa, TOUSA is involved in multiple lawsuits.  Transeastern lost $468 million in the year ending November 30th and TOUSA's stock has fallen from close to $30 to below $4 per the St. Petersburg Times.  The Times further reports that "since June 2006 Transeastern Homes obtained only four building permits for Live Oak and nearby The Hammocks".  Additionally, nearly 50 earlier permits expired due to inactivity.  Clearly this has caused concerns for owners of homes in Live Oak and townhomes in the Hammocks, both New Tampa communities.
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What can you do NOW with the finance package to generate buyer activity? With the current stagnant market, now is the time to partner with a loan officer that can provide some solutions to help generate some buyer activity.  If you're lending partner is offering nothing more than a phone call looking for loan activity, you may want to reevaluate this relationship.  This is the type of market that separates the "Loan Officers" from the order takers.Over the last few years, it's no secret that sellers have accumulated lots of equity.  Why not use a portion of that equity to stimulate interest for a buyer?  For example, a seller can contribute up to 6% as a seller concession with a loan to value of 80% or greater up to 95%.  With a loan to value of 75% or less, the seller concession can eq...
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By Michael Carrier
(FBC Mortgage, LLC)
Countrywide continues to lead the industry as the innovator in loan products.  As the originator of the Pay Option Arm, clients enjoy four montly payment options.  The first is a 30 year fixed payment, the second is a 15 year fixed payment, the third is an interest only payment and the fourth is a minimum payment calculated at a reduced rate, typically 1.25%.  This reduced rate may vary with changes in the loan such as occupancy, LTV etc.One of the limitations with the Pay Option Arm is that the underlying interest rate, which all these payments are calculated from, adjusts on a monthly basis.  They follow a predetermined index such as LIBOR, MTA or COFI and have an associated margin.  As the index moves, so does the underlying interest rate.  This results in an inability to calculate t...
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