Home Buying in Tampa>Question Details

Sandy, Both Buyer and Seller in Cleveland, OH

I want to move to Tampa from CLE where I've been laid off three times in one year- credit rating rock bottom-

Asked by Sandy, Cleveland, OH Mon Jul 28, 2008

and need to leave for a new start- where in Tampa can we buy where there are great school systems, a diverse community and yet affordable for a middle-class family and close to business district?

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I concur with the prior 2 responses about renting first, unless your credit isn't as bad as you may think. However, one of the things you may want to consider is a lease option. That is, find a home you really like and tell the owner you'd like to rent it with the option to buy down the road... This could help a desperate seller, as well as yourself, creating a win-win (I really hate that cliche) situation.

Of course, it is a bit more complex than that, but it may be a good strategy for you to move, live in the home you'll eventually buy, build your credit back to a level where you'll be able to get a loan, and not have to move again in a year or two.

As for neighborhoods, depending upon the price range you'll be able to afford, eastern hillsborough county - Riverview and surrounding areas - are probably your best bet. The LeRoy Selman makes communing to downtown very fast and easy (10 to 20 minutes depending upon traffic) and the home prices out there have dropped considerably... Good value for the dollar on a relatively new home.

If you have any questions, please do not hesitate to call!

Bruce Bernstein
Pretty Dog Realty
813-944-3115
http://www.prettydogrealty.com
0 votes Thank Flag Link Mon Jul 28, 2008
If I hear you correct, you have been laid off work 3 times in one year and your credit stinks? Well I suggest you rent, get to know that area first and work on your credit and stable work history at the same time.
1 vote Thank Flag Link Mon Jul 28, 2008
Sandy,
If your credit is not good, i think you should move to Tampa, rent for one year and work to bring up your credit befor thinking of buying there. That should also give you the time to know the City and find the neighboorhood you want for your Family.The other options are rent to own or find a property with" owner financing"
1 vote Thank Flag Link Mon Jul 28, 2008
Do you have collections that need to be paid off? This may be bringing your score down? You may just want to clean up your credit first before you do anything.
0 votes Thank Flag Link Tue Jul 29, 2008
We welcome another Buckeye. Cleveland has had it challenging times. I'm from Canfield, Ohio and daughter is studying for her Ph.D at the Cleveland Clinic. The entire Gulf coast is a terrific place to live and work. You may find job postings for the Tampa Bay and South Tampa Bay on Monster.com
You should consider from North Tampa to Bradenton/Sarasota area. Home inventories are more than we want to admit; but it is, what it is. Renting is s good idea just to get familiar with the area and review your objections while living in paradise. Your credit scores seem manageble to qualify for your home loan. Don't hesitiate to call or email questions you may have.
Jim Soda 941-809-7759
Jim Soda Group
Prudential Palms Realty
Greater Sarasota-Manatee Areas
jim@jimsoda.com
Web Reference: http://jimsodagroup.com
0 votes Thank Flag Link Tue Jul 29, 2008
You should have no problem finding a house in Tampa
7/28/2008
trulia shows
11,457 homes for sale
4,805 foreclosures

Financing is a different story. From your last post it sounds like you have that part worked out. Rent for a year or two then look around. If houses prices are still falling, keep renting. Good luck
0 votes Thank Flag Link Mon Jul 28, 2008
Thank you! Actually my credit isn't that bad- it's still coming in at 680 and everything is paid off- but to me- I am used to the high 700s so I am not happy with it. As a former Real Estate Agent/ Coach, I wanted to make sure I was going to find a realtor who was going to be ethical enough to at least take the time to answer my questions and be honest with me rather than their pocket. I appreciate your time and will be in touch as my parents, my brother and his family as well as my husband (who is a Dr with the Cleveland Clinic transferring to Florida) will be moving within the next year. We are placing our homes on the market here in Cleveland and will use our profits to buy cash in the Tampa/Ocala area or obtain financing through our private family trust. Again, I really appreciate your time Tom & Rosie~! I'll be in touch.
0 votes Thank Flag Link Mon Jul 28, 2008
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