Sheila

"http://www.buytampafl.com"
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Sheila, Real Estate Professional in Tampa, FL
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Sheila's Answers (11)

Where is the best area to buy a home in South Tampa?

Sheila answered:
I may be difficult to find a nice townhome or condo in S. Tampa for under $200k, but if you afford $50k more you may be able to find a short sale. You should look at the highrise condo on Bayshore named 345 Bayshore, Parkcrest on Harbour Island or drive around the cool condos in Channelside - The Place, Ventana, Victory Loft, Grand Central. Also, look at Skypoint located downtown on Ashley St. These condos are located in a great area and would have alot of single people living there.

You can search for condos/townhomes at http://www.buytampafl.com/search/main-property-search.shtml - Thu Dec 11 2008, 15:58
Sheila answered:
I don't know how much you are looking to spend on a home, but South Tampa is expensive and 4BR/3BA homes will run well over $300k. You may be able to find a home in the Port Tampa area, which is very close to the AFB but the schools aren't the best. If you live in St. Petersburg, the drive will be very hectic and traffic will be bad. I would recommend the Brandon/Valrico area where there alot of new homes priced at $140k and up. It would be an easy drive with light traffic on the Crosstown Expressway and should only take you 20 minutes. Brandon/Valrico has great schools and is a very family-oriented, safe place to live.

You can search for Brandon/Valrico homes on my website at http://www.buytampafl.com/search/main-property-search.shtml.
The zip codes for Brandon/Valrico are 33510, 33511, 33594. - Thu Dec 11 2008, 15:37

How do Short sales work?

Sheila answered:
Your first call should be to your lender to see if there is anything they can do to help you stay in the home and continue making mortgage payments. Several large lenders are coming to the realization that it is in their best interest to work with their customers on revamping the loan. Chase, for example, just announced that they are placing a moratorium on foreclosures for 90 days so they can work with their customers to help them avoid foreclosure. If your lender is uncooperative or doesn't seem to want to offer any assistance, you should call a local Realtor who is familiar with doing short sales. - Fri Nov 21 2008, 10:24
Sheila answered:
Lenders are over-saturated with short sales and are very slow to respond. Getting a lender to approve an offer is very difficult and time consuming. If the seller's agent is dealing with the lenders, they are on the phone with the lender for hours just to get one small thing accomplished. I doubt the seller's agent is giving you the run around on purpose - they are getting the run around from the lender. Since short sales are becoming more prevalent, banks will streamline their procedures to hopefully help make the process less painful. You have to remember that if you are interested in a pre-foreclosure or foreclosure property, you must be ready to wait up to 90 days to hear anything from the lender. - Wed Nov 5 2008, 10:08

Using a Buyer's Agent

Sheila answered:
Just remember that when dealing with a foreclosure, you must be willing to wait up to 90 days just for a response from the lender. The lenders are extremely busy, the listing agent is extremely busy trying to get in touch with the lender and your buyer's agent has to depend on the listing agent for information. I know it is hard, but hang in there! - Wed Nov 5 2008, 09:59
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