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Jackie Colson-Miller

Jackie Colson-Miller, CIPS
Certified International Property Specialist
NAR Liaison to Austria
Tampa Real Estate
Direct - (813)629-5757
Homeward Real Estate
3401 Henderson Blvd
Tampa, FL 33609
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How to Be a Savvy Buyer in a “Buyer’s Housing Market” …Tampa Real Estate News

The Tampa Real Estate market is one of the top Buyers Markets in the U.S. right now! It is THE time to buy. But, how does a buyer get the BEST possible deal in a saturated housing market?

TampabuyersmarketI recently negotiated a contract for a client on a waterfront condominium. The property will sell for nearly $225,000 less than the last sales price, and over $20,000 less than the original builder price! We saw the property the first day it came on the market! That savvy buyer is already in a great equity position!

How can YOU get a great buy in the Tampa Real Estate Market?

1. You must be AHEAD of the market, not behind it. By the time everyone agrees that we have reached the bottom , the prices will have started to rise. Choose an experienced agent who can help you to identify the best neighborhoods, or condominiums for future resale. Your agent will check the new listings in those areas every day and will hear about properties BEFORE they actually are listed in MLS.

2. View all of the properties in those areas and compare the price per square foot for each of them. A low price per square foot in a desirable area, if it is in good condition, will be the best value in this market.

3. Buy a property that is in the mid , or low price-range for the neighborhood. That means, you want to buy a home for $400,000 in a neighborhood with most of the homes in the 500 800K range.

4. Identify 4 or 5 properties that might work for you, without getting emotionally attached to any particular one! When a buyer is emotionally attached to a property, it becomes very easy to pay too much for it.

5. Start to make offers of 10% below the asking price on the properties that you have identified and keep the offer simple . A closing within 30 days, with few expenses to the seller in terms of repairs or closing costs will give you more negotiating room in the price. Dont ask for personal items, or furnishings as part of the deal.

If the first offer doesnt work out, move on to the next property. Ultimately, you will find a nice property for the right price.

Of course, you need to work with an experienced agent and get pre-approved with a lender, to be considered a serious buyer.

If you need help buying a home in the Tampa Real Estate Market, I am happy to assist you!

You can read my previous articles about Buying, or Selling, in today’s Tampa Real Estate market:

Navigating the Waters in a Buyers Market

Selling Your Home in a Buyers Market

If you are looking for a home in the Tampa Bay Area, or need to sell your home, please contact me. I can help with your move to any Tampa neighborhood, including: South Tampa, Harbour Island, Davis Islands, Beach Park, Sunset Park, Hyde Park, Channelside, Culbreath Isles, Palma Ceia, Westchase, Waterchase, Odessa, Cheval, Avila, Brandon, Riverview, FishHawk, New Tampa, Tampa Palms, Hunters Green, Arbor Greene, Apollo Beach, South Shore, MiraBay, Golf Communities, Waterfront Homes, Luxury Homes in Tampa, Condos in Tampa and International Real Estatecontact me!

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This entry was posted on Thursday, May 8th, 2008 at 10:51 am and is filed under Buying a House in Tampa, CDD in Tampa, Cheval Homes, Davis Islands Real Estate, Gated Communities in Tampa, Golf Course Communities in Tampa, Historic Tampa, Hunter\'s Green Homes, Hyde Park Real Estate, Jackie Colson-Miller, Luxury Homes in Tampa, MacDill AFB, MLS Listings in Tampa, Real Estate News, Relocation, Tampa Foreclosures, Tampa MLS Listings, Tampa Neighborhoods, Tampa Real Estate, Tampa Real Estate Market, Waterfront Homes in Tampa, Westchase, Westshore Yacht Club. 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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