Thursday, December 29, 2011

Apollo Beach Market Conditions as of 30 December 2011

Market Conditions for Apollo Beach, Florida

Reported by Bonnie Fagoh, REALTOR

Updated December 29, 2011.

Welcome to Apollo Beach!

Current inventory 234 active listings from $36,000 to $4.1 million. With 201 closings in the last 6 months, we have just under months of inventory.
If you look at Covington Park alone, there are only 13 active listings and less than 3 months of inventory!
Obviously, the expensive waterfront takes longer to sell.

If You Must Sell Your Home in This Market

Most will agree this is NOT the time to sell your home. But I am starting to see a change with our drastically reduced inventory! I just tested the market a bit on a beautiful pool home in Covington Park. If you looked at recent closings, you may have thought my new listing was a bit overpriced, but it was a NOT a short sale and inventory is quite low in the community. Well, I was right to price it where I did as it went UNDER CONTRACT IN 4 DAYS! It is my job to get the most for my sellers.
You may think, was it still too low since it sold so quickly? Well, it still has to appraise so we can't push it too much. This one closed at $193k, just $7k under list!
What if you just got a job transfer? What if your family is growing and you need a bigger home? What should you do to get the most For your property?
First, make sure you choose a Realtor who knows the market in your area, someone from a large office That has market share in your community. You are not only hiring that agent, but the office, and it can make a big difference if they have a team they can share the listing with since each of those agents has active buyers. The agent should show you comparables that back up the price they suggest for your home.
Choose an agent who knows how to capitalize on internet marketing and knows how to get your property noticed by the masses. Of course, you will want professional photos and slide shows or virtual tours but don't forget the strength of video when it comes to search engine optimization.
You will also want to have your home put its "best face forward"…..spruce up the landscaping for curb appeal (you can't sell it if no one will even go through your door). And speaking of that front door, how about a fresh coat of paint? You may never use that door since you come in through the garage, so go out front and take a good look. Imagine you are that buyer seeing your home for the first time. Some bright flowers will go a long way. Declutter so they will see the house and not your "stuff", wash windows to let that sun shine in! No one likes a dark home….pull those drapes back. And I have been known to say "if you can smell it, you can't sell it". Have a friend come by and be brutally honest and let you know if they notice any odors (pets?). You may not notice it because your nose has become accustomed to it!
The real winners in the market are those who can take advantage of the tremendous deals that are available. If you are upsizing, you come out way ahead. You may get 20% less on your current home (for example $40k less on a home that was previously $200k), but if you save 20% on the bigger one ($60k on a $300k home!) you come out on the plus side. Many of my clients have been amazed at what they could buy today. They are living in homes nicer than they ever imagined they could own. Let me help YOU too….call Bonnie today (813) 390-7606.


Search all Tampa Bay properties at www.TampaCoastalHomes.com or better yet,
call me for a FREE boat tour! Bonnie (813) 390-7606



ZIP Code: 33572

Location Characteristics: Apollo Beach is a growing community centrally located between Tampa (20 min), Sarasota (30 min) and St Petersburg (20 min). There are 55 MILES of canals leading to Tampa Bay for those of you who enjoy water sports. Southshore Commons, a major "open air" mall is planned for 2011 with shopping, restaurants, movie theatre and office buildings. The area is excited about our Tampa Bay Rays. AND the Super Bowl Committee is impressed enough with Tampa Bay to have us host the Super Bowl four times!! Our Bucanneers had a tremendous year for such young team. Can't wait to see what they will do next season. Come see for yourself why people love it here! The only state with no snow in Jan 2011. :)

A new feature to my Market Update are short video previews. Watch these short informative videos at http://tampacoastalrealestate.blogspot.com
Please leave a comment. Thanks!

For More Information:

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View Market Conditions of other areas served by Bonnie Fagoh

Sunday, December 25, 2011

Thank you to The Tampa Tribune newspaper

Mark Fagoh
Thanks to the Tampa Tribune for featuring my lovely wife for selling her Apollo Beach listing in 4 days! She is on the front page of the Home section "Above the Fold" congrats lovely Bonnie Fagoh!!

Wednesday, December 21, 2011

Last 10 Days Activity in Apollo Beach, Tampa Fl.

All I can tell you is what has happened in the last 10 days here in Tampa Bay, in particular, Apollo Beach. Out of no-where we have been swamped with both companies and individuals wanting to put in offers on properties and wanting to close by the end of the year. I can't understand how you can expect an accepted offer and then to close on it in the last 10 days of the year?? We are of course excited about these opportunities!


Home sales hint at recovery after deep slump
Wed Dec 21 19:05:39 UTC 2011

By Lucia Mutikani

WASHINGTON (Reuters) - Home sales rose in November, adding to hints of recovery, but updated data showed the housing crash was much deeper than previously thought.

The National Association of Realtors said on Wednesday that sales of previously owned homes increased 4 percent from October to an annual rate of 4.42 million units.

At November's sales pace, the 2.58 million unsold homes on the market represented a 7.0 month's supply, the lowest since February 2007 and a sign the backlog of inventory that has been weighing on the market was clearing.

The rise in sales and drop in inventory was the latest suggestion the housing sector, which triggered the 2007-09 recession, may be on the cusp of a recovery. Data on Tuesday showed housing starts scaled a 1-1/2 year high in November.

"The housing market is finding its bottom, and that will translate into more growth in GDP and less of a drag on consumer confidence," said Robert Dye, chief economist at Comerica in Dallas. "But we still have a long, long way to go."

The pickup in sales, however, is coming off a deeper trough.

NAR said it had overstated sales from 2007 through 2010 by 14.3 percent. Sales over that period averaged 4.42 million units a year, not 5.16 million, and they bottomed at a 3.30 million-unit pace in July 2010, rather than 3.86 million, underscoring the depth of the downturn.

The group blamed double-counting of properties, builders selling homes through real estate brokers and geographic population shifts as among the reasons for its mismeasurement.

RISKS ABOUND

A housing recovery could help underpin what already appears to be a quickening of U.S. economic growth. During normal times, economists estimate that one out of every eight jobs in the economy is generated by housing-related activity.

Lawrence Yun, the chief economist for the Realtors' group, said existing home sales for 2011 were expected to total 4.25 million units, up from 4.19 million units last year.

While the U.S. economy appears to be gathering strength, the global backdrop remains troubling with much of the world slowing down and Europe sliding into an almost certain recession.

In addition, lawmakers have yet to break an impasse over extending a payroll tax cut for 160 million U.S. workers that expires at year end. Economists have warned a failure to keep the tax cut in place could hit the economy hard.

Stocks on Wall Street were little moved by the housing data as persistent worries over the European debt crisis dominated sentiment. U.S. stock indexes fell as weak results from technology giant Oracle Corp weighed on the mood.

U.S. government debt prices also fell, while the dollar was up against the euro.

Oracle pinned its disappointing results on the increased scrutiny its customers were applying to their investment spending, a potentially bearish sign for the economic outlook.

INVENTORY STILL BLOATED

While the inventory of unsold homes fell in November, market conditions are still troubled and analysts warned that a stream of foreclosed properties coming onto the market would likely keep prices under pressure.

The median sales price rose 2.1 percent from October, but was still down 3.5 percent from a year ago at $164,200.

Distressed properties, foreclosures and short sales which typically occur at deep discounts, accounted for 29 percent of sales last month, up from 28 percent in October.

The number of new foreclosures jumped by more than 21 percent in the third quarter as banks moved more aggressively after a pause that began late last year, a bank regulator said.

Last month, a third of pending existing home sales contracts were canceled, the NAR said. That was unchanged from October but way above the year-ago level of 9 percent, a suggestion that bank lending remains tight.

"We expect months' supply to head higher as inventory enters the market," said Michelle Meyer, a senior economist at Bank of America Merrill Lynch. "With a sluggish economic recovery, low consumer confidence and tight credit conditions, it will be difficult to clear the excess inventory."

"There is still a bumpy road ahead for the housing market," she said.

(Additional reporting by David Clarke; Writing by Lucia Mutikani and Tim Ahmann; Editing by Neil Stempleman)

Monday, November 28, 2011

Tampa Coastal Homes, Tampa Real Estate, Apollo Beach: Search Them All** WITH-OUT A SALESPERSON BUGGING YOU!!

Tampa Coastal Homes, Tampa Real Estate, Apollo Beach: Search Them All** WITH-OUT A SALESPERSON BUGGING YOU!!

Search Them All** WITH-OUT A SALESPERSON BUGGING YOU!!

Apollo Beach & ALL TAMPA,Tampa Bay including ST. PETE, CLEARWATER, FISHHAWK etc.. SEARCH THEM ALL***$$ AS Soon as a home hits the Market>>> Without an agent Bugging YOU!!.. JUST Click here, http://bonniefagoh.listingbook.com/ register and YOU HAVE All THE CONTROL AS IT SHOULD BE..

MILLIONS $$ Have been spent on this system to bring YOU the Customer the info You need to make an informed decision!! Not based on commission or deal of the week.... Have the properties in the zip codes you want with the price range YOU want sent to you the INSTANT they hit the Market!! {every morning with your coffee}.

Then call an agent that is full-time everyday staying up on the market and the training it takes to negotiate the best for you!! Not a cousin or wife's sisters friend that "has a license".... There are 4,000 agents that have a license In Tampa Bay.. You have to ask yourself... self how can there be 4,000 "licensed" agents in one area?? Are they all working full time and keeping up with the multitude of changes in banking, lending & new constantly changing government laws??

There are quite a few Big Giant firms that advertise during the super-bowl to strengthen their "BRAND"... well its a brave new world now. You have to be Sharp.. and keep up daily with trends in the market place... after-all buying a home is a big decision>>> so hire a Pro- to negotiate for you. Not someone to ride you around for days and thinks they can do this or that... If you are interested in the Tampa Bay Area: whether that is Clearwater, Clearwater Beach, St. Pete, Tampa, Apollo Beach, Fishhawk, Anna Maria Island, Davis Island, Long Boat Key, Siesta Key or even fabulous St. Armands circle to Orlando. I Am Applying for the Job. My name is Bonnie Fagoh and I own Tampa Coastal Homes.. You can reach me at 813 390-7606 or just click this link http://bonniefagoh.listingbook.com/ YOU KNOW WHEN THE TIME IS RIGHT TO CALL##

Get the up-to Minute Results YOU Need EXACTLY When It Hits the Market without a sales person Calling or Bugging YOU!!

Have you been thinking you might like to buy or sell real estate in the near future, but you are not quite ready to involve a Realtor? I HAVE A SOLUTION. Perhaps you are just curious about properties in a particular area and would like accurate info. Have you ever called about a listing you saw online only to find out it SOLD 6 months ago?! I HAVE A SOLUTION FOR THAT TOO!! And I am offering it FREE to you! It is a wonderful tool called Listing Book. Just click the link below, put in your criteria and you are “off and running”. The system will even send you Morning Reports with new listings that are a match for you. You can look at recent sales so you will get a good idea about values in an area of interest. You can even see what is pending under contract. All this without speaking to a Realtor (in case you don’t want anyone “bugging you” J). You just call me when you are ready to actually look at a listing in person, or when you are ready to list (or at least want to discuss it).

Click this link and fill in your name, etc under “Get a Free Account”. Enjoy with my compliments!

http://bonniefagoh.listingbook.com/

Look forward to meeting you when you are ready,

Bonnie Fagoh, Century 21 Beggins Enterprises cell (813) 390-7606

Sunday, November 20, 2011

Apollo Beach Homes Inventory Current SnapShot!!

Tampa Coastal Homes
Apollo Beach, Florida Inventory of Homes is Dwindling – Buy Today!
I have been watching the numbers of homes available in Apollo Beach for the last couple of years and they have been steadily declining. In the community of Covington Park in Apollo Beach there were over 130 homes for sale a couple of years ago. Today there are only 13! From Oct 4-Nov 4 2011 a total of 8 homes sold in the community, so that calculates out to less than 2 months of inventory remaining. Most of the 13 available are priced aggressively, but when they are gone simple “supply and demand” will tell you the prices will go up. You can currently buy a single family home for under $100,000 in Covington Park. The highest sale in the last 30 days was $168,000 and that was a pool home with 2565 sq ft and a 3 car garage! So this is much less than the price to build and you get the land for free. But as you can see, there are very few of these deals left. (One of my non-short sale listings will close the end of November and I was able to get almost $200,000 for my sellers.) Of course, many of these recent sales are short sales and if you go that route you will have to have some patience. If you don’t have the time and/or patience, we have many builders in the area offering brand new, fully warranted homes at tremendous prices. One of the many advantages to buying in the South Hillsborough County area is the availability of newly constructed homes. Don’t you just love that new home smell? And they often pay all your closing costs, offer free appliances, upgrades and you get to choose everything if you build from scratch. If time is a factor, many builders have inventory ready or near-ready for you to move into. And many of these homes have granite, stainless appliances, and tile in at least the “wet areas”.
So call Bonnie today at (813) 390-7606 to check out your options. With prices and financing as low as they are today you will be pleasantly surprised that your payments are less than rent!

Friday, October 7, 2011

Tampa Bay Fishing Report

Fishing Around Tampa Bay
Published: Thursday, October 6, 2011 at 11:23 p.m.
Last Modified: Thursday, October 6, 2011 at 11:23 p.m.

1 - At Big Pier 60 in Clearwater, lot of keeper pompano this week on shrimp and jigs, reports Kelly Dacey. Also trout, Spanish mackerel, jacks and silver trout.
Enlarge

Strike Zone Areas: 5 , 6 , 7, 'elsewhere'

2 - At Madeira Beach, kingfish starting to show, free-jumping at times, but main migration not this far south yet, reports Capt. Dane Karcher (727-647-6919) of John's Pass. Capt. Jason Lineberger said the largest kings he's got so far are 12-15 pounds slow-trolling live bait over hard bottom off Redington Long Pier and John's Pass from 20 feet out to reefs, but he's catching Spanish mackerel up to 6-7 pounds along with spinner and blacktip sharks. Karcher catching limits of keeper gag grouper in 20-60 feet, but said keeper red grouper from 60-100 feet. Lineberger reports nice gags 8 and 12 pounds on Treasure Island reef with pinfish. Cobia starting to migrate into area, with 65-pounder in 35 feet over rock pile off John's Pass, Karcher said.

3 - At John's Pass, schools of flounder starting to show on beaches, reefs, in passes and on flats along Intercoastal, said Capt. Dane Karcher. Angler caught a 23-inch flounder off seawall at pass on Berkley Gulp! Shrimp. Pods of baitfish and Spanish mackerel within 1-2 miles of beach with strong easterly winds. Trout in slot and a few in 20-inch class on flats along Intercoastal on Berkley Gulp! New Penny.

Wednesday, October 5, 2011

Thinking About a Second Home or Retirement Home in Florida?

Thinking About a Second Home or Retirement Home in Florida?
Let me share with you where the last 2 couples I worked with started looking, and eventually ended up buying.
Clients #1 from Michigan, retiring soon and decided now is the time to buy. They have been looking online for a year or so and noticed that all the “good ones” were getting snapped up! Plus with rates so low (even though they could buy cash) it is a great time to lock in their rate. I had set them up with a Listing Book account that kept them up on current inventory. Many internet sites are simply not updated frequently enough. They had picked out quite a few properties they wanted to see and bought their plane tickets to come down for a week to find that home! We started out looking at resales in a 55 and over community. A water view was very important to them. What we found in their price range was older construction needing updating. They like an open plan, so some would require removing walls. Then we looked in the “any age” communities and found some that were newer, but still needed some work. I called ahead to many of the new home builders in the area (yes, they are building here again!) to find out what they had in inventory that was on a pond or lake. We found a few, but none of them were “the one” for one reason or the other….view not as pretty as they would like, too small, didn’t care for floor plan…. Finally, they had decided to build a home from scratch. After some back and forth on price, they were ready to go to contract when a home with the floor plan they wanted to build came back on the market when the family that had it built no longer qualified (their credit score dipped). Since I have a good relationship with the builder’s salesperson, she called me as soon as she found out that home was coming back to them. My buyers secured that home for $35,000 less than it was under contract for with the previous buyers! And the view from this home is gorgeous! 4 bedrooms 2 & ½ baths, granite throughout, 2600 sq ft for $174k!! This was such fun for me to help them get this great deal.
Clients #2 from Ohio, retiring in a year, came down just to look on a long weekend. They said if they found something too good to pass up they would buy now. I showed them what their money would buy in a resale, then took them to several new home builders. We have a nice selection of new homes in the Southshore area. They wanted a pool, or at least a community with a pool. What we found for them was a 2100 sq ft home on a large lot with an oversized 2 car garage (2 & ½ car) with tile everywhere except the bedrooms, granite in the kitchen, and a TILE ROOF, on a pond (where the white pelicans gather) for $183k in an upscale community with some awesome amenities. They are going to rent the home for a year until they are ready to move in. Again….FUN!
So come on down so I can have some more fun helping YOU find that great deal and secure your first home, second home, or retirement home while the prices and rates are low! Word is, in one nearby new home community the next lots the builders are going to purchase are going to be $20,000 more each. They will have to pass that on to the buyers. So don’t delay….come on down today!

Sunday, October 2, 2011

Tampa Coastal Homes, Tampa Real Estate, Apollo Beach: Go Coastal Tampa Coastal Homes!!

Tampa Coastal Homes, Tampa Real Estate, Apollo Beach: Go Coastal Tampa Coastal Homes!!

Go Coastal Tampa Coastal Homes!!

Discover The Pleasure Of Tampa Bay Coastal Living

Imagine you are standing on miles of sandy white beaches, and the sun is shining brightly on your face. The breeze cools you as the surf crashes nearby. Later this afternoon you will hit the golf course, and this evening your entire family will visit The Florida Aquarium.... This enticing scenario may seem like a rare vacation to most people, but why can't everyday be lived this way? Well, it can! People who have learned about the joy of Tampa Bay coastal living already enjoy everyday in a beautiful paradise.

Where Is Tampa Bay?

Tampa Bay is a region on the west coast of Florida that includes seven different counties and boasts a wide diversity of culture. Are you looking for exciting city life in the heart of a bustling city? Or do you prefer a serene and peaceful golf course community? Would you rather live in an oceanfront condo or on a charming horse farm? All of these options (and more) are available to the residents of the Tampa Bay area.

The Tampa Bay metropolitan area is home to 2.7 million people, which makes it the second largest metropolitan area in Florida. Tampa Bay includes three of Florida's largest cities:

*Tampa (population 320,000)

*St. Petersburg (population 250,000)

*Clearwater (population 110,000)

Other communities in Tampa Bay include Lakeland, Bradenton, Sarasota, and Venice.

What's So Wonderful About Tampa Bay Coastal Living?

Tampa Bay is a blossoming region that has history, diversity, and industry, all surrounded by miles and miles of beautiful sandy beaches and clear blue ocean water. The number one beach in the United States? In 2005, it was Fort de Soto Park in St. Petersburg, and in 2008, it was Caladesi Island near Clearwater. Tampa Bay is also home to favorite tourist attractions such as Busch Gardens and The Florida Aquarium.

And don't forget the heavenly weather; you can count on bright sunny days that are cooled with gentle gulf breezes. The average annual temperature in Tampa Bay? A perfect 72 degrees!

The Ideal Setting For Sports Fans

Tampa Bay is the perfect region for all sports enthusiasts who are looking for excitement. In fact, in 2009, Tampa Bay hosted the Superbowl for the third time! And it's not just football; there are sports for every type of enthusiast:

*NHL: Tampa Bay Lightning (2004 Stanley Cup Champs)

*MLB: Tampa Bay Devil Rays

*AFL: Tampa Bay Storm (5-Time World Champs)

*NFL: Tampa Bay Buccaneers (2002 SuperBowl Champs)

Also, during baseball's spring training season, a long list of professional baseball teams travel from northern states to come train in the temperate climate of the Tampa Bay area, including the New York Yankees, Pittsburgh Pirates, and Boston Red Sox.


Whatever your interests are, you can find them here in Tampa Bay, Florida. This area is one of the most diverse and pleasant regions you will find in the entire nation. And the population is growing every year as more and more people learn about the pleasures of Tampa Bay coastal living.

Monday, September 26, 2011

Got Top 10 Beaches??



Got Top 10 Beaches??? How about #1 and 2 others All within 30 Minutes!! Go Tampa Coastal & Live in the Dream call Bonnie 813 390-7606

Thursday, September 22, 2011

If You Must Sell Your Home in this Market

If You Must Sell Your Home in This Market
Most will agree this is NOT the time to sell your home. But what if you just got a job transfer? What if your family is growing and you need a bigger home? What should you do to get the most For your property?
First, make sure you choose a Realtor who knows the market in your area, someone from a large office That has market share in your community. You are not only hiring that agent, but the office, and it can make a big difference if they have a team they can share the listing with since each of those agents has active buyers. The agent should show you comparables that back up the price they suggest for your home.
Choose an agent who knows how to capitalize on internet marketing and knows how to get your property noticed by the masses. Of course, you will want professional photos and slide shows or virtual tours but don’t forget the strength of video when it comes to search engine optimization.
You will also want to have your home put its “best face forward”…..spruce up the landscaping for curb appeal (you can’t sell it if no one will even go through your door). And speaking of that front door, how about a fresh coat of paint? You may never use that door since you come in through the garage, so go out front and take a good look. Imagine you are that buyer seeing your home for the first time. Some bright flowers will go a long way. Declutter so they will see the house and not your “stuff”, wash windows to let that sun shine in! No one likes a dark home….pull those drapes back. And I have been known to say “if you can smell it, you can’t sell it”. Have a friend come by and be brutally honest and let you know if they notice any odors (pets?). You may not notice it because your nose has become accustomed to it!
The real winners in the market are those who can take advantage of the tremendous deals that are available. If you are upsizing, you come out way ahead. You may get 20% less on your current home (for example $40k less on a home that was previously $200k), but if you save 20% on the bigger one ($60k on a $300k home!) you come out on the plus side. Many of my clients have been amazed at what they could buy today. They are living in homes nicer than they ever imagined they could own. Let me help YOU too….call Bonnie today (813) 390-7606.

Monday, September 19, 2011

Luxury RARE ShorSAle!! Pearl on this Ocean!!

The Pearl in the Oyster
www.youtube.com
http://TampaCoastalHomes.com/ One of a kind pearl in a small ocean. Luxury short sale, have your answer in 10 days!! Call Bonnie Fagoh @813 390-7606 ask about...

Saturday, August 13, 2011

Orlando sees first yearlong uptick in home prices in 4 years

For the first time since Orlando's housing market began to tank four years ago, the areas' median home price showed an increase from a year earlier. The median price for an existing, single-family home in July was $117,000, up from $110,000 the previous month according to the July sales report released by Orlando Regional Realtor Association. The local real estate industry noted that prices have increased 23 percent from the beginning of the year. Not only did prices increase from the previous month, they were 7 percent higher than July 2010 and it's been four years since local prices showed a gain from a year earlier. More from the Orlando Sentinel.

Tuesday, August 2, 2011

Hello Anglers,

What a July we had. I would like to say it was a great July on the water but that would be a fish story. July was a tuff month for fishing, I have kind of gotten used to it being tougher over the years but this past July was more difficult than in the past. Normally mackerel are a go to fish in July and having them around always helps with the Shark bite. Not happening out there yet. The mackerel should be about to invade the bay as our bait hatch is behind us and the fry baits are starting to show up everywhere. The positive side of July was the Snapper bite. The Mangrove Snapper are back and we have been catching pretty good numbers of them when targeted. August should be about the same as July with the exception of the Mackerel WILL show up. Trout should be a decent bite early or late in the day in the deeper grasses. Redfish will be a hit or miss as the water temps are high and keeping bait alive in the shallows is a problem. The big schools of big Redfish are just around the corner. Tarpon will be a steady in August if going big is your thing. I did not run a Tarpon trip in July (first July ever that I have not Tarpon fished) but know that there are a lot being caught right now. Snook will also be a target as we are seeing some pretty good numbers of them. It has been a long year and a half waiting on them to rebound. They are not there yet but showing us their on their way. I can't wait to see what August hold and am looking past August a little to the fall. Until next time, good luck and be safe on the water. Remember: don't let your kid be the one that got away, take them fishing.

Anyone interested in the Stoneybrook Surf and Turf Challenge on Aug.19th and 20th, just let me know and I will send you the info.

Thanks,
Ric

Capt. Ric Liles
REEL SIMPLE FISHING ADVENTURES
www.ReelSimpleFishing.com
www.ReelSimpleCharters.com
(813)601-2900

Tampa Investor Rental Market takes Off!!

10 Best Cities to Purchase Rental Properties
Thursday, July 14th, 2011

From CNN MONEY:

10 best cities to buy a rental property

Tampa, Fla.

7 of 11

Tampa, Fla.

Average home price (2011): $152,700

Projected home price (2014): $147,200

Gross rent (2011): $832

Projected gross rent (2014): $933

As home to many of Florida’s retirees, rents in Tampa have bounced up and down a little, but have remained basically flat the past three years.

But with the local labor market on the mend — the unemployment rate fell a point over the 12 months ended in May and is down to 10.5% — rents are expected to take off, increasing about 12% over the next three years, according to Local Market Monitor.

Right now, the biggest housing problem in the area is that there is too much of it, according to Winzer. Last year, home prices dropped about 10% due to an oversupply of investment properties built during the boom.

Yet, Winzer projects returns for rental property investors should still exceed the national average by about 2.4% a year.

Tags: Apollo Beach, APOLLO BEACH HOMES FOR SALE, Tampa -Miami Fl luxury homes, tampa coastal homes, tampa homes
Posted in Uncategorized | No Comments »
Florida Luxury Waterfront attracting International Buyers with dollar at low
Wednesday, May 11th, 2011

Tags: Apollo Beach, APOLLO BEACH HOMES FOR SALE, Tampa -Miami Fl luxury homes, tampa coastal homes, tampa homes
Posted in Uncategorized | No Comments »
Searh All Tampa Bay Properties HERE**

Thursday, July 21, 2011

Immunity on Foreclosures for Banks?? What??

The latest in the state attorneys general negotiations with major lenders is an attempt to get immunity for major banks over irregularities in handling foreclosures in light of evidence emerging that banks are continuing to file questionable documents[1]. Bank of America, Wells Fargo, Citigroup, JP Morgan Chase and Ally Financial could get immunity from civil lawsuits

Wednesday, July 13, 2011

10 Best Cities to purchase rental Property

From CNN MONEY:


10 best cities to buy a rental property

Tampa, Fla.

7 of 11

Tampa, Fla.

Average home price (2011): $152,700

Projected home price (2014): $147,200

Gross rent (2011): $832

Projected gross rent (2014): $933


As home to many of Florida's retirees, rents in Tampa have bounced up and down a little, but have remained basically flat the past three years.

But with the local labor market on the mend -- the unemployment rate fell a point over the 12 months ended in May and is down to 10.5% -- rents are expected to take off, increasing about 12% over the next three years, according to Local Market Monitor.

Right now, the biggest housing problem in the area is that there is too much of it, according to Winzer. Last year, home prices dropped about 10% due to an oversupply of investment properties built during the boom.

Yet, Winzer projects returns for rental property investors should still exceed the national average by about 2.4% a year.

Friday, June 24, 2011

In a Complex Market Savvy Sellers Who Get Their Properties SOLD Hire a REALTOR to Net More Money…Says Who? The Washington Post and Satisfied Sellers
via Long Island Real Estate Blog by knetter on 6/23/11

During challenging economic times, people naturally look for ways to cut their expenses to make ends meet. Some people selling their houses in today’s market feel that one expense they should cut is the REALTOR®’s fee for service in order to net the highest amount possible in their real estate sale. On the surface, this decision seems to be logical. However, when put into practice, often the outcome is the complete opposite of the result desired by the Seller. Netter Real Estate takes pride in our collective experience and professionalism and that is the fundamental value that we bring our Seller Clients; we analyze the current market conditions, assess where the Seller’s property fits in the market and arrive at the appropriate price when it is introduced to the marketplace. BUT, as REALTORS®, perhaps you might feel that we have a tainted view on this subject. Fair enough. How about the opinion of a neutral party?



One of the world's most respected newspapers, The Washington Post, weighs in on the value of REALTORs for a successful home sale.



Recently, The Washington Post, one of the world’s most respected newspapers, published an article called “And the Broker Takes a Slice” in which they tell the story of a pair of homeowners and their experience selling their house. They were friends who pooled their resources to purchase a house together a few years ago because they couldn’t each buy on their own but wanted to enjoy the benefits of homeownership as soon as possible. Their circumstances changed. One friend got married, the other engaged so they decided to sell the house they owned together.

In 2009, they hired a REALTOR® and put their house on the market. They did not anticipate how long homes stay on the market these days. With so much inventory being offered at once, Buyers have many properties to choose from and often see many houses before making their final decision as to the one they purchase. In six months, their house didn’t sell and they decided to take the house off the market while they made some improvements to it that they felt would make it more attractive in the marketplace when they returned to it. When they did return to the market, these friends made the decision not to hire a REALTOR® in order to recoup the money they spent on those improvements to the property. Like many Sellers who choose to go it alone, they based their list price on what they heard a property near theirs sold for, $785,000.

The fee for service earned by a REALTOR® on a $785,000 property to the Seller appears large. However, the fee is not earned until the property is SOLD. Before that, the REALTOR®, once hired as the Listing Agent, undertakes an enormous amount of work during the marketing of the property, negotiating offers then finally guiding the transaction to the closing table. In today’s confusing, challenging and ever-changing market, getting a property sold is a long and often difficult task. Because of this, REALTORS® are less likely to accept a lower fee for service. Successful REALTORS® these days especially, earn their fees for service by meeting the challenges today’s market offers. As The Washington Post stated in the article, “There’s never been such a discrepancy between where buyers think they should be buying and where sellers think they should be selling. The REALTOR’S® job is to bring both sides together.”

When these friends put their home back on the market, they used a for-sale-by-owner company that charged a flat fee of $400 that allowed them access to their multiple listing service. They said “Very, very few people showed up.”

After another three months on the market without selling, these friends decided to hire a REALTOR® to finally get the job done. The Washington Post said “In retrospect, [the Sellers] concluded that the asking price — not the commission — was the issue they should have focused on from the start.” The REALTOR® they ultimately hired was familiar with the property these Sellers based their price upon. It turns out that the house had a far more impressive kitchen and the $785,000 sale price included money towards the buyer’s closing costs that the seller chose to absorb so their true net was a bit less than it appeared.

These Sellers were advised to put the home on the market for $749,000, an attractive price for the area that would draw qualified buyers to it. It worked. Within two weeks, three qualified offers were received, two of which were over the asking price. In March 2011, the property ultimately sold for $754,000 — $5,000 ABOVE the asking price. The Sellers happily paid the 5% fee for service — $37,700 — to their REALTOR® for a job well done, a job they could not do themselves.

Sometimes it costs money to make money in the end. Netter Real Estate knows this very well. Each time our staff of real estate professionals is hired to do the job of selling a homeowners property, money is invested in the quality, targeted marketing necessary to attract qualified buyers to it. Since 1949, Netter Real Estate has been earning our fee for service by bringing about successful real estate sales so our clients and customers dreams can become reality. Whether you are a Seller moving on to your next place or a purchaser moving into your new place, Netter Real Estate will be there for you.

Turn to Netter Real Estate for all your real estate needs. Our agents at Netter Real Estate will nurture your family as it blooms by finding the home of your dreams…and right now with reasonable prices and incredibly low interest rates, you won’t have to clean out your wallet to buy it!

Please check our website regularly for Netter Real Estate happenings and be sure to “like” the Netter Real Estate fan page on Facebook for up-to-the-minute information on what’s going on in our community.

Wednesday, June 22, 2011

Mira Bay on Tampa Bay!

Poolside at the MiraBay Club

Select Saturdays from 12:30 – 3:30pm


June 25

July 9

July 23

August 6

August 20


Jazz with the Ron Delp Quartet

Beach Vibes with SuperFly Crew

Steel Drum Sounds with Radar McClean

Roots Rock with Cold Iron

World Music with Rob Irie

Tuesday, June 7, 2011

New Construction in Apollo Beach

I just assisted a young married couple who had been renting here in Apollo Beach put a “to be built” home under contract with KHovnanian. They were just not finding what they wanted in the resale homes on the market. It seems as if the best ones have been scooped up, and since the builders are offering such tremendous incentives they decided to check out what they had to offer.
We found a community with 70, 80, and 90 foot lots (they didn’t want their home too close to their neighbor’s and wanted a large backyard) and bottom line are getting a 2500 square foot 4 bedroom, 3 bath, 3 car garage home with some nice upgrades (tile, granite, etc), all appliances including washer and dryer for just a hair over $200,000. The builder is even paying ALL their closing costs AND have included one year of lawn AND maid service!! What a deal!
I would be more than happy to help you or someone you know find a similar deal, so call me today. If you don’t have the time to build, many builders have move-in ready inventory homes.
Call me before they’re gone! Bonnie Fagoh (813) 390-7606

Monday, June 6, 2011

It's Time to Buy Real Estate Again Pt 2

Some fear that the current tight credit standards will chill the market, but others say we are really returning to the requirements that prevailed before the "loose" lending practices that got us in this mess. Those requirements did not stop homebuilding and prices from rising in a good economy. So as our economy improves, it will happen again. In south Hillsborough County (southeast Tampa Bay) builders are already building again!
Deutshe Bank did a new study that measures home affordability in 2 ways: 1) how much of their income Americans are paying to own a home, and 2) the cost of owning vs renting. Down 17.2% since 2007, homeowners now pay just 9.8% of their income for a mortgage with taxes and insurance. In 28 of 54 major markets, it's cheaper to pay for a home than to rent. In all the distressed markets, owning wins by a wide margin.
Conditions are different in every city and not all areas will bounce back equally. In non-distressed cities, existing home inventory is lower. So with just a modest increase in demand they will enjoy strong gains in prices and new construction. This could create a great time to SELL (if you are from one of those non-distressed areas) and buy in a place like Florida which is a bargain again. Many are taking advantage now to purchase their retirement home or condo, even though they are not quite ready to retire! I have recently helped many young couples relocate to the Tampa Bay area from as far north as Canada because they are just wanting a warmer place to live. How about you? Do you fall into one of these categories? Call Bonnie today at (813) 390-7606 so I can help YOU steal some great Florida Real Estate!

Wednesday, June 1, 2011

Going to the Ball Game!! Tampa Rays

David Price pitching against the Texas Rangers in the Trop where it is always 78 Degrees!! Proud of our Bolts too hey hey Tampa Bay!!!

Saturday, May 14, 2011

It's Time to Buy Real Estate Again

Pt.1 It's time to buy Real Estate again, the most attractive asset class in America.
Mike Castleman, who calls himself a "dirt road economist" has not seen a shortage of new construction in the last 35 years like what he is seeing today. He believes in most markets the price of new homes will begin to rise this year, not fall. And as founder and CEO of Metrostudy, he is in a unique position to know. His company tracks data on the country's inventory of new homes. They cover around 65% of the US housing market, and the key figures they collect are the number of vacant and "For Sale" homes and how many months it would take to sell all of them. This measures inventory and determines if a market has a surplus or shortage of new housing. The numbers are 1/4 of what they were just a few years ago.

So we have a historic drop in new construction and prices that have declined 30 to 55% across the country. The affordability will lure Americans back to buying homes and the shortage will start raising prices in many markets this year. To take advantage before the prices and/or interest rates start up, call Bonnie Fagoh at 813-390-7606. Or click here to search the best Tampa Bay properties as they hit the market. http://www.TampaCoastalHomes.com

In Pt.2 I will address today's tight credit standards and the effect on the market, as well as the cost of owning vs renting.

Steal this Apollo Beach Fl Pool Home on Tampa Bay

Fabulous Apollo Beach pool home in Tampa Bay Fl

Monday, May 2, 2011

Real Estate update

May Real Estate Update






Mortgage Rates Fall
      In Freddie Mac's results of its Primary Mortgage Market Survey the 30-year fixed-rate mortgage averaged 4.78 percent for the week ending April 28, 2011.
    That is down from the previous week when it averaged 4.80 percent. Last year at this time, the 30-year fixed-rate mortgage averaged 5.06 percent.
    Mortgage rates followed Treasury bond yields lower amid weak local economic data reports on business

Mortgage Rates

Source: Realty Times


U.S. averages as of April 28, 2011:

30 yr. fixed:   4.78%
15 yr. fixed:   3.97%
1 yr. adj:        3.15%



conditions and house prices. Declining home prices and a high level of foreclosures continue to affect housing tenure decisions.

Smart Growth Communities

    Americans favor walkable, mixed-use neighborhoods, with 56 percent of respondents preferring smart growth neighborhoods over neighborhoods that require more driving between home, work and recreation. That’s according to a recent NAR study, called the Community Preference Survey.
     Walkable communities are defined as those where shops, restaurants, and local businesses are within walking distance from homes. According to the survey, when considering a home purchase, 77% of respondents said they would look for neighborhoods with abundant sidewalks and other pedestrian-friendly features, and 50% would like to see improvements to existing public transportation rather than initiatives to build new roads and developments.

Home Building On the Rise
   New home construction is picking up just in time for the spring buying season, according to the latest new-home report rfrom the Commerce Department. Builders broke ground on more new homes in March than in the last six months.
     Another bright spot: Building permits, an indicator of future construction, increased 11.2% for the month. After a dismal winter performance, new-home building bounced back 7.2% in March from February to a seasonally adjusted 549,000 units.
     The new-home sector has faced hard times in recent years, competing against a flood of foreclosures and short sales on the market that have pushed housing prices down. In February, construction fell to its lowest level in nearly two years.
6 Ways to Save Money in Your Home, Car
    You can help save the planet while also saving cash, according to the Alliance to Save Energy. Below some pointers on how to trim yearly expenses with some easy ways to go "green."
     In your car:
Use cruise control. Cruise control on the highway can help you maintain a constant speed, which can help save gas.
Use the overdrive gear. By using the overdrive gear, your car’s engine speed goes down, which not only saves gas but also reduces engine wear and tear.
Slow down. Driving anything above 60 miles per hour decreases your gas mileage rapidly.
     In your home:
Swap out the light bulbs. Replace old incandescent bulbs with energy efficient options such as compact fluorescent lights, which can shave up to $50 off your electricity costs over the lifetime of each bulb.
Plant a tree. Properly positioned trees outside your home actually have been found to reduce a home’s energy use, even up to 50 percent during the summer months and 15 percent in the winter.
Get a tax break. Uncle Sam is offering 2011 tax breaks of up to $500 for energy efficiency home improvements, such as with Energy Star windows, insulation, or energy efficient heating and cooling equipment.



Equal Housing
Opportunity
Bonnie Fagoh
813-390-7606
bonniefagoh@gmail.com
http://www.TampaCoastalHomes.com

Century 21 Beggins Enterprises
813-658-1344
6542 U. S. Hwy. 41 N.
Apollo Beach, FL 33572