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Rent vs Buy in Tampa : Real Estate Advice

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  • Local Info160
  • Home Buying845
  • Home Selling86
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Activity 5
Tue Jan 1, 2013
Alma Kee answered:
Condos will require a large downpayment so if you have at least 25% to put down...possibly more, then you can consider buying a condo.
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Fri Jul 13, 2012
Ken Allen answered:
Hi Rafi,
I am a Realtor here in South Tampa and actually own 3 houses very close to Macdill AFB and lived there for 5 years. The truth of the matter is he can probably by for the same price as renting of not cheaper. It would also depend on how long he is stationed there. Please email or call me at 813-624-3679 and I will be happy to help you. Thanks so much.

Ken Allen
Realtor
The Toni Everett Company
kennethallen78@yahoo.com
... more
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Thu Jun 28, 2012
Ron Thomas answered:
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value 2-5 years from now?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!

Good luck and May God bless
... more
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Sun Jun 3, 2012
George Leone answered:
What type of home are you looking for? How many bedrooms, sq. footage, etc? When you say, are you 55+? Would you be interested in living in a Golf Course Community? Contact me and I will be happy to assist you in finding what you need. ... more
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Mon Nov 17, 2014
Annette Lawrence answered:
IT is better to RENT.
Those investors who bought all the foreclosed homes need renters to pay their mortgage, insurance, maintenance, nest egg and PROFIT for them. Renters rent because they think they are avoiding these costs.....they would be wrong.

Just met a couple over the weekend paying $1,800 a month for their townhouse. When they crunched the numbers they saw my listing would prove a great solution and opportunity for them and are now becoming first time buyers.

However, not knowing your situation a relevant answer can not be provided.
Be aware, rent will be increasing from 6 to 10% annually in the Tampa bay area.
And, for those itching to express their imagination in home design AND profit from it, will realize that rental won't let you go that direction.

Now, if you have some insider information regarding the stock of Galactic Meteor Crawlers, your ROI may be greater through that investment. (YMMV)

Best of success,
Annette Lawrence, Broker/Associate
Remax
Palm Harbor FL
727.420.4041
More about CIS Score: http://bit.ly/1uHGE3K
... more
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