The market is coming back in leaps and bounds in Valrico and Brandon. I live in the Valrico area and we are retired Army. We have been here for over 6 years and love it. I offer a military program that allows you to receive a refund on your home purchase. It is for both new construction and older homes. I would love to talk with you about the area, commute to MacDill, and the different choices you can make. Please review my profile on Trulia and send me a message or email me directly at THOYT@prutropical.com I understand the military move, been there, done that. I use that experience to help guide my clients to the right choice for their family.
No pressure, just help.
Prudential Tropical Realty
The issue with "chinese drywall" has dimished due to the fact that if you know that you have chinese drywall you have to disclose it,but I would recommend a home inspection no matter which way you go, so that you don't have any major unexpected problems.
If I could be of any further assistance to you and your family please give me a call.
By being an informed buyer and after closely evaluating your options you should find yourself prepared to make a decision that is best for your family. Begin by previewing properties of interest with your agent, attending open houses, visiting construction sites, and following listings on line in a effort to collect as much information as possible about the current local market.
Only then will you have the clarity you seek.
New Construction/Existing Inventory -- With roughly three months of existing inventory in the Greater Tampa Area and even lower in more rural areas, it's getting increasingly harder for families to find a home that fits the entire families needs. This coupled by strong negotiating tactics and the ever presents of cash-ready investors, it's enough to turn existing home shoppers to build to order owners. That's not to say however there's not an existing home out there for you and your family. You can still find a nice home with great value, but the opportunity to negotiate big wins is getting more difficult in this sellers market. Builders are still offering nice incentives that can bring the overall cost of the home down to existing inventory prices, and many have inventory ready homes, or homes in production that could be move-in ready relatively quickly if time is of the essence.
As a native to The Greater Tampa Bay area I can aide you in finding the right community and home for you and your family. Call me today if you'd like to discuss further the pros and cons of new vs. existing home sales or if there's any questions I can answer for you. Otherwise, best of luck to you and your family on getting settled in Tampa. You're sure to love it!
I'm from the Tampa Bay area and I can tell you that you should not worry about valued dropping because its GAME ON! Prices are expected to increase as much as 6% or maybe more in 2013!
As far as using your VA loan, it may not be the best option if you can put 5% down. That Muti-Used VA funding fee of over 3% is BRUTAL!
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Go to: http://WWW.PRO-OPTION-COM or call 888-662-4404
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Ph: 888 662 4404
Prior Service U.S. Marine Corps
Just be careful of hefty HOA and Community Development District Taxes because they both can add up to a few thousand extra dollars or even more "extra" out of your pocket, depending on the community.
If you have time to wait to build that may be your best option becuase most properties are getting multiple offers within hours of listing. Even Fannie Mae properties that are restricted to owner-occupant buyers are receiving 10-15 offers within 48 hours. I have two clients that have made offers well above market value on Fannie Mae and Freddie Mac properties and are still getting beat out! It's a bit of a frenzy right now.
Builders will pay a Realtor a commission and you will not be able to negotiate a better deal if you chose to go it alone so find a Realtor you are comfortable with working with and make sure she/he goes with you to the builder model center on your first visit. Also it's crucial when buying a new construction home to have a multi-stage home inspection. It will keep the builder on their toes to ensure there are not mistakes made during your construction. I've seen builders use rotted wood on structural components that could cause serious harm to your family! So it would be worth the extra expense to hire an experienced home inspector to verify each stage of the building process.
Thank you for your service to our country and your sacrifices to keep my family safe.
All the best,
Alma Rose Kee, PA
Future Home Realty
PS If you're not yet working with a Realtor, you're welcome to sign up for a free Listingbook account on my website and it will allow you to "search like a Realtor" with the most up-to-date and accurate info.
The market here overall has been picking up. Couple of reasons for that:
- Normally activity picks up in the spring because buyers and sellers like you have children and usually like to move in the summer time.
- New construction has really picked up again, which is a good sign for the economy. In the Riverview area, you are right about a lot of new construction. That has been the new rapid growth area. I addition, they have started construction on a new mall and hospital in this area.
- Prices are in some ranging creeping up as there are not a lot of new listings--therefore a low supply with a higher demand forces prices up.
- The reason for many of the homes built/sold in 2005-2008 was due to the crazy market at that time where you had a "sellers' market" (low supply, high demand) with prices spiraling rapidly upward. - - This combined with the mortgage scandal then contributed to the large of amount of bankruptcies, foreclosures, short sales, and a drastic decline in demand due to the economy which forced the market to adjust by home prices dropping.
The advantage of new construction is the incorporation of the latest appliances, floorplans, and in many cases more "green" friendly. Also builders sometimes are flexible to make adjustments to meet your personal preferences.
Your concerns about the Chinese drywall are so true. A friend of mine had to move out of his house for about 8 months so that all the drywall could be replaced. A real nightmare for him, but a very cooperative builder who did the right thing.
With children, I think you may want to look at the school rankings to influence your decision of where to buy.
I hope this helps to answer your questions. Please feel free to ask any more. Would you like me to send you anything periodically on new listings, construction? Have you talked with a bank/credit union etc about a mortgage? When are you planning on doing a housing hunting TDY?
Debbie Breaw, GRI CRS
Keller Williams Realty, Brandon
Direct: 813-826-4675 or 813-504-1498
Office: 813-684-9500 x310