Hillsborough County, FL Real Estate News

By John S. Wood, CPA, Every Tax Problem Has A Solution!
(Suncoast Tax Solutions)
I represent taxpayers in Tampa, St. Petersburg, and Sarasota as well as throughout the state of Florida who have federal and state tax issues. Suncoast Tax Solutions is a full-service tax resolution company helping clients to solve their tax problems quickly and efficiently. Every year the IRS mails letters or notices to taxpayers for many different reasons. Typically, it’s about a specific issue with a taxpayer’s federal tax return or tax account. A notice may tell them about changes to their account or ask for more information. It could also tell them they need to make a payment. This year, people might have also received correspondence about Economic Impact Payments (stimulus checks) or an advance child tax credit outreach letter. Here are some dos and don’ts for anyone who receives ...
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By Nibal Elsaadi
(SI Real Estate Tampa)
According to The Tampa Bay Times: "The Westshore Marina District is a 52-acre waterfront development right on Tampa Bay, long considered some of the area’s most desirable undeveloped land. It now has roughly 800 completed apartments and condos, the vast majority occupied. That doesn’t include three sharp-lined glass condo towers still to be completed, whose units will run from the $800,000s to more than $3 million, as well as some other unfinished townhomes. When all the construction is done, the district is expected to have about 1,350 residences total.With several shops and restaurants open or on the way in a new town center, as well as a future public-use marina for people to dock boats for visits, the developers also hope it’ll be a lure for people to come grab a bite or walk their ...
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By Nibal Elsaadi
(SI Real Estate Tampa)
The Tampa Bay Real Estate Market remains a hot seller's market! Tampa's real estate market has had a flood of out-of-state buyers looking for more space, better weather, and a lower cost of living. Specifically, residents from California, New York, Connecticut, New Jersey, and Washington DC are fleeing from high taxes and cold weather. This influx was sparked by the pandemic and workers' ability to work from home. Below are the most recent statistics: -There is still currently ONLY 1 month of resale inventory. This is the lowest we've had thus far making it a competitive seller’s market. -The average sales price has increased from $305,731 last year in June 2020 to $382,401 this year in June 2021.-The average number of days on market has decreased again from 27 days in May to only 22 da...
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By inboundREM Market Updates
(InboundREM)
The South Tampa Home Buying Tips You Need to Know Interesting Facts About South Tampa-South Tampa's market is more buyer-friendly than others.-The greatest time to purchase a property isn't what you would think.-Because of Tampa's economic expansion, housing demand is stronger.-The buyer population in South Tampa has unique characteristics. In some aspects, this market is unlike any other. So, while the fundamentals of house buying remain the same in all markets, purchasers in this market will need to make some modifications. Check out the original neighborhood post at https://yoursouthtampahome.com/. General Home Buying Tips Preparatory and Finances-related StepsStart putting money aside right now. The expense of purchasing a home extends far beyond your monthly mortgage payments. The ...
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By inboundREM Market Updates
(InboundREM)
Tampa, FL Neighborhood Spotlight: Tampa, FLThe wonderful city of Tampa in Florida has numerous tourist attractions that you will surely love. This article highlights the best spots you can visit so you could get the most out of your trip! The Florida AquariumOne of the top aquariums in the country, The Florida Aquarium offers interactive guest-dive programs like 'Swim with the Fishes' or 'Dive with the Sharks' which will allow you to swim with the fishes and experience aquatic life. More than that, the Aquarium's latest exhibit, Journey to Madagascar will give you a glimpse of the Island of Madagascar and its animals. You can also take a 75-minute  Wild Dolphin Cruise aboard a 72-foot catamaran, to get a chance of seeing the wild dolphins of Tampa Bay.  Busch GardensBusch Gardens is one...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veteran’s Home Loans for Temple Tarrace FloridaIf you are reading this, you or a family member have likely served in our military.  First off, we would like to say a sincere “Thank You” for your service!  We recognize that not only do our Veterans sacrifice by serving, but their families do as well-, and we owe you all a debt of gratitude!One of the best benefits Veterans and their families receive due to their service to our great country is the VA home loan benefits.  We are going to outline just a few of these significant benefits in this article for you. Here are some of the major benefits you may receive by using your VA home loan benefits:*100% financing available- one of the very few loans available with no down payment!*Lower rates available than most loan programs- which saves ...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veteran’s Home Loans for Tampa FloridaIf you are reading this, you or a family member have likely served in our military.  First off, we would like to say a sincere “Thank You” for your service!  We recognize that not only do our Veterans sacrifice by serving, but their families do as well-, and we owe you all a debt of gratitude!One of the best benefits Veterans and their families receive due to their service to our great country is the VA home loan benefits.  We are going to outline just a few of these significant benefits in this article for you. Here are some of the major benefits you may receive by using your VA home loan benefits:*100% financing available- one of the very few loans available with no down payment!*Lower rates available than most loan programs- which saves you money...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veteran’s Home Loans for Plant City FloridaIf you are reading this, you or a family member have likely served in our military.  First off, we would like to say a sincere “Thank You” for your service!  We recognize that not only do our Veterans sacrifice by serving, but their families do as well-, and we owe you all a debt of gratitude!One of the best benefits Veterans and their families receive due to their service to our great country is the VA home loan benefits.  We are going to outline just a few of these significant benefits in this article for you. Here are some of the major benefits you may receive by using your VA home loan benefits:*100% financing available- one of the very few loans available with no down payment!*Lower rates available than most loan programs- which saves you ...
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By Nibal Elsaadi
(SI Real Estate Tampa)
Great news for Tampanians living around Big Bend - Hillsborough County Commissioners approved the widening of Big Bend Road, a project with an estimated cost of $97 million. "The project includes: -The widening of Big Bend Road from four lanes to six lanes -Realignment of Old Big Bend Road through the interchange -Construction of a new bridge on Old Big Bend Road over Bullfrog CreekA new I-75 southbound exit ramp and I-75 northbound entrance ramp modifications -New pedestrian facilities will also be constructed along Big Bend Road and Old Big Bend Road It is critical for the congested Southshore community, which is home to the largest population of veterans who rely on a connection to Tampa to access MacDill Air Force Base." Source: The Tampa Bay Business Journal
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Tampa Bay Buccaneers will win "Super Bowl" LV I am not much of a gambling man even though I am "Vegas Bob" and haven't watched football in over 10 years ...But I just put $500 clams on TB to win Super Bowl, don't care about the spread, just show me the money $$$Tom Brady's first year with TB and playing in the SB in TB, you do the math and Tom Brady will be getting his 7th SB ring this Sunday ...
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By Nibal Elsaadi
(SI Real Estate Tampa)
 4 Helpful Tips When Buying Your New Home New construction homes come with countless perks! The process is more straightforward than traditional home buying and everything is brand new as well as customizable! Buying new has skyrocketed in popularity in the past year around Tampa Bay. Low home inventory has led homebuyers to forgo the competitive resale market and choose to buy and build in new communities.Although new construction homes have many perks, there are a few things you should do during the process to make the most out of your new home and avoid costly mistakes.Shop Around with Your Real Estate AgentIt’s important to do research ahead of time and meet with the builders that are within your budget. The builder’s sales consultants will go over how long it will take your home to...
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By Nibal Elsaadi
(SI Real Estate Tampa)
A Reflection on How the Unprecedented Events of 2020 Changed Our Real Estate MarketIf someone told us in 2019 what was to happen the following year, we would not have believed them. From second graders learning through Zoom to one-way arrows in supermarket aisles, all aspects of our everyday lives have been impacted. The lockdowns in early spring especially affected those in the service industry. Restaurants relied on curbside pick up and hotels adopted new cleaning processes and precautions.                      The real estate industry was no different. Masks, gloves, and sometimes shoe coverings became a requirement during home tours. Virtual consultations replaced coffee shop meetings and closings moved outdoors. How the pandemic affected the real estate market and buyer trends made...
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By David Tipton, GRI, ePro, SRES, Real Estate Broker - Tampa
(Grady David Tipton Brokerage)
Don't Panic— Tampa Bay's Holidays are at the Door!Attention, Tampa Bay Area! Ready or not, the Holidays are not waiting around!If that alert strikes you as unnecessarily alarmist, remember that this year's calendar works out to have fewer days than usual between Thanksgiving and Christmas. And if your traditional Thanksgiving tryptophane-engendered post-turkey stupor was followed by too many days of leftover turkey sandwiches, the resulting snoozefest may have led to your catnapping through this year's shortened holiday preparation days. The fact is, the Tampa holiday celebrations are already well underway. If you find that hard to believe, there's this proof positive: the eighth, final day of Hanukkah arrives this Friday! That's right; the Jewish Festival of Lights began last Thursday....
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By inboundREM Market Updates
(InboundREM)
Property TaxesProperty taxes are the various fees and taxes you have to pay in a given locality in the United States. Typically, taxes are split between your local municipal tax and state tax, which varies depending on where you're home is located. There are also specialty taxes to consider, which affect specialty areas that are zoned for various uses. If you're planning to purchase a property, reviewing the taxes you have to pay is an important consideration to ensure you can properly pay for your home without breaking the bank. In this blog post, we'll share the various property taxes involved within Hillsborough County and the state of Florida. Property Taxes in FloridaFlorida is well-known for its relatively good tax rates, especially when compared to other major coastal cities. The...
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By John S. Wood, CPA, Every Tax Problem Has A Solution!
(Suncoast Tax Solutions)
I represent taxpayers in Tampa, St. Petersburg and Sarasota as well as throughout the state of Florida who have federal and state tax issues.Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS. Explore your rights and our obligations to protect them. The IRS grouped all of the rights taxpayers have under the law into the Taxpayer Bill of Rights. Included in the list is the right to retain representation.Here’s what the right to retain representation means to taxpayers: Taxpayers have the right to retain an authorized representative of their choice to represent them in their dealings with the IRS. Taxpayers who are heading to an interview with the IRS may select someone to represent them. Taxpayers who retain representation don’t have...
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By Nibal Elsaadi
(SI Real Estate Tampa)
Benefits of Homeownership Outweigh the Pros of Renting Making the decision to buy a home can be a daunting one. Many people rule out purchasing a house, as it can feel intimidating and they don’t think they qualify. In reality, many renters have the qualifications and ability to become homeowners. It is a major financial decision but is also extremely rewarding and empowering to be able to own where you live. Here are 4 signs you may want to consider becoming a homeowner. You love where you live and plan to stay for a while.  Renting is great for people that are new to the area and are unsure if that is where they want to live. If you’ve been living in your city for a few years and plan on settling there, it may be best to consider buying. Also, if you’ve been living there a while and w...
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By Nibal Elsaadi
(SI Real Estate Tampa)
When Florida comes to mind, many used to think of a vacation spot or a place to eventually retire. This has all changed over time, but especially in 2020. Florida has become one of the hottest places to relocate due to the Coronavirus. According to the Daily Mail, around 950 people move to the Sunshine State each day. According to a Douglas Elliman August report, new contracts for single-family homes and condominiums continued to rise in Pinellas and Hillsborough County — after having doubled in July. The Coronavirus lockdown resulted in many people reflecting on their lifestyles, especially work from home orders that went into place for so many people. Those living in major cities began to realize that working and living in a tiny one-bedroom apartment was just not ideal. Close living ...
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By David Tipton, GRI, ePro, SRES, Real Estate Broker - Tampa
(Grady David Tipton Brokerage)
Why are Average Down Payments Shrinking When Buying a Home? Most of today’s first-time Tampa FL area home buyers are aware that they’re no longer tied to strictures laid down in previous eras—especially the one dealing with 20% down payments. For buyers with stellar credit histories, that’s horse-and-buggy material. Last year, the U.S. average down payment was just 12%—but for first-timers, that average dropped to 6%! Relaxing steeper down payment requirements makes sense for everyone. It expands the field of buyers, so sellers and lenders benefit. But most of all, for first-time homebuyers who would need many years to save up the cash required for a 20% down payment, the advantage of being able to buy sooner (and thus, to begin building equity sooner) couldn’t be clearer. And today, wi...
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By inboundREM Market Updates
(InboundREM)
Cost of Living in South Tampa, FLCost of LivingThe Cost of Living is the total amount of funds a family or individual has to spend to maintain a good quality of life in any given community in the United States. There are several factors affecting the cost of living in an area, including groceries, healthcare, housing, utilities, transportation, and many more. We've created a friendly guide for those considering a move into the area. If you're new to Tampa or are moving in from a nearby city, compare the various costs and your potential new employer to see if the move would be financially right for you and your family. If you need help finding the right home and would like to work with a realtor to find a good deal for you, our team would be glad to help. We've worked in the South Tampa ...
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By Nibal Elsaadi
(SI Real Estate Tampa)
Buyer Preferences Shift as COVID Changes Our Daily Lives After months of lockdown, many homebuyers are rethinking what they want in their next home. Although the pandemic will not continue forever, it will have some long-term effects on our lifestyles and how we feel about public gatherings. During the quarantine, many people’s homes became their office, gym, and restaurant. The changes we made to our lifestyles during this time have changed what we want out of our living spaces.    When restaurants closed, we were limited to our homes to indulge in some good food. Luckily, many local restaurants opted for takeout options, even 5-star restaurants like Del Friscos and Capital Grill. However, the ambiance of eating at your dining room table or in front of your TV just isn’t the same. When...
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Hillsborough County, FL Real Estate Professionals