Nathan may be a good choice to get your house sold in S. Tampa, since he's an expert and also lives in Virginia Park. I would call him to sell your house.
If you wait until the market "stabilizes" you will have to pay a higher price for the New Tampa house and the supply of homes on desirable conservation lots will diminish.
Find an agent experienced in Hunters Green and Tampa Palms (me) to help you locate your new house. You may be able to make an offer that is contingent on the sale of your current home (although it may have a kickout clause if your house doesn't sell fairly quickly). One important thing to be aware of is some of the newer homes in Tampa Palms pay a significantly higher CDD tax than older areas of Tampa Palms. Hunters Green doesn't pay CDD tax but they do have a fairly expensive HOA fee. Hunters Green is impeccably maintained and with the manned guarded entrance and country club golf course atmosphere and elementary school within the community the higher HOA fee may be justifiable.
So, call Nathan if you decide to sell and call me to find your new Hunter's Green/Tampa Palms house.
All my best,
Alma Kee, P.A.
Charles Rutenberg Realty, Inc.
Of coarse it is so hard to give advise over a forum, and in my experience it can vary significantly from one person to the next. My advise is that you interview a few agents or check them out online (google their name) see what comes up. I always do this before I go business with someone, especially on a large transaction, such as buying and selling real estate.
Feel free to "google" me or check out my blog and other online references. You will find past clients share their experience with me and tell you the truth about their experience in their own words.
Here are a few links with home tours and client advocate videos:
All my best in your new home search.
Altouth S. Tampa didn't depreciated too much, it would be favorable to hold on it or rent it out for the moment, another option would be lease option.....where you get a "down" payment
question is: do you have enough to put down on another house?
I know there's a huge inventory of new houses in N. Tampa where you'd like to move in, and builder are almost giving them away.
I'd be glad to be of more help if you get me more details...... I live S. Tampa myself.
For example say you take one home that was purchased for $300,000 in 2005 and maybe lost 10% then it would likely be worth $30,000 less and would likely sell for $270,000 today. A bigger home that would have cost $500,000 in 2005, if it also lost 10% would have lost $50,000 and you could buy it for $450,000 today.
The important thing is to speak to a good Realtor and they will run the numbers to see if you are better off selling now or not. Oftentimes in a declining market if you are upsizing, you are often ahead because of the bigger decline dollar wise in value of the larger more expensive home that you will be buying. You lose a certain amount when you sell, but get a bigger discount on the bigger home you are buying.
I am located in New Tampa and there are some incredible deals in both Tampa Palms and Hunters Green.
You need an unbiased opinion on this from a great Tampa agent... if you don't have one, let me know and I will put you in touch with one.
This is a big decision for you, and you need expert advise before moving forward.