Tampa Coastal Homes, Tampa Real Estate

New News for Homebuyers**

2009-11-14T17:42:00.001-05:00

We Have News To Tell...

First-time home buyers and move-up buyers have another great reason to get on the path to purchasing a new home! The benefit to first-time homebuyers is a tax credit up to $8,000 and for move-up buyers a tax credit up to $6,500. But this opportunity ends in April1.

Incredible Waterfront Community

2009-11-13T23:12:00.000-05:00

Tampa Real Estate, Tampa Fine Homes, Tampa Coastal Homes - kewego
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Video from mbinfla

Tampa Bay Honors Lee Roy Selmon Ring of Fame

2009-11-08T21:42:00.002-05:00

By JOEY JOHNSTON | The Tampa Tribune

Published: November 8, 2009

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TAMPA - When the ceremony was done, when he was away from the crowd, former Tampa Bay Buccaneers defensive end Lee Roy Selmon could no longer contain his emotions.

He cried.

"It's home,'' Selmon said, explaining why Sunday afternoon's honor, becoming the first player in the franchise's new Ring of Honor was so meaningful.

On the field, Selmon was surrounded by family and nearly three-dozen of his former teammates. When the deafening chant from Raymond James Stadium finally died down – "Lee Roy! Lee Roy! Lee Roy! Lee Roy!'' – he spoke humbly and thanked everyone for the honor.

Selmon's words set the tone for Throwback Sunday, when the Bucs donned their old orange uniforms, honored the 1979 NFC Central Division champions, then actually won a game, ending their 0-for-2009 streak with a 38-28 victory against the Green Bay Packers.

Selmon, the former defensive end and the most decorated player in franchise history, became the first member of the team's Ring of Honor. On the East side's standard, a permanent display was unveiled – 63 SELMON – and the franchise will add to the Ring each season.

Personal honors are nothing new for Selmon, who already has been inducted into the Pro Football and College Football halls of fame. But being recognized in Tampa, while old teammates such as Doug Williams, Richard Wood, David Lewis, Mark Cotney and Cecil Johnson looked on, was more than Selmon could handle.

He had promised his family he wouldn't cry.

But once off the field, in the presence of wife Claybra, his three children and his granddaughter, that facade couldn't last.

"This is where I grew up in the NFL,'' Selmon said. "All I know is here. For the franchise to do this, to have that kind of generorsity, it's overwhelming. It's not an obligation. There's nothing anywhere that says they have to do this. So it tells you a lot.''

Dewey Selmon, a linebacker on the 1979 team, said the combination of a reunion with former teammates, plus the presence of nearly 40 family members, made it an unforgettable weekend for his younger brother.

"This just shows Lee Roy's character,'' Dewey Selmon said. "He is a loving, giving, emotional person. When we played here in 1979, we loved each other then and we still do. We're still in it together.

"We felt it was like a family thing back then and it still is. This was a great day for Lee Roy, for all Buccaneers and the current team as well. It brought back a lot of memories for how it used to be. It felt the same.''

It also looked the same.

Orange, orange, everywhere.

"I love it! Let's stay with the orange,'' said Luis Melendez of Tampa. "I always had pride in it. I know some people don't like the color, but I still bleed orange.''

Miguel Fleitas, who used to sell programs at the old Tampa Stadium, said he hasn't missed a home game since the franchise began in 1976, broke out an orange Buccaneer dress shirt he hasn't worn in years.

Robert Starkey, a dedicated follower since the beginning, dug out an old Buccaneer wristwatch. The leather band snapped off and it needed batteries.

"But it's still running,'' Starkey said. "The old look is still going to be good for us.''

Raymond James Stadium was awash in orange. The Bucs' cheerleaders were dressed in old-school Swash-buc-lers outfits, complete with orange-and-white pom-pons. Orange Buccaneer flags flew around the stadium. The afternoon included disco music from the era.

There was even an unexpected 1970s reference. Just before the halftime ceremony honoring Selmon, police arrested a streaker.

As the unclothed man was led away under the stadium, a Highway Patrolman took a quick look and sighed.

"Now there's a real Throwback uniform.''

Tampa Coastal Homes, Tampa Real Estate

2009-11-06T12:52:00.000-05:00

Tampa Coastal Homes, Tampa Real Estate

2009-11-06T12:51:00.000-05:00

Very Interesting times "Deed for Lease??"

Meet Your New Landlord: Fannie Mae Deed for Lease Program

November 6th, 2009 Linda Slocum Posted in Foreclosures and Short Sales, Santa Clarita Real Estate |
Borrowers who don’t qualify for other loan workout programs to be offered new Deed for Lease option.

Fannie Mae has announced a new Deed for Lease Program (D4L) where distressed homeowners who cannot qualify for other loan workout solutions will be able to trade their deed for a market-rate lease. While this seems just peachy on the surface, in many areas this may mean HIGHER payments for many borrowers, where lease rates are higher than what their modified mortgage would be.

In order to qualify for the program, homeowners must be able to show that they can make the lease payments by documenting that the monthly rental is no more than 31 percent of their gross income. Huh… seems if they could do that, then they probably wouldn’t be in trouble with their mortgages in the first place, especially in high-rent areas like the Santa Clarita Valley!

The property itself must also qualify for the D4L program, with the following limitations:

* If there are expensive repairs to be done, the property may not qualify for the program.
* If the HOA or zoning in an area prohibits rentals, then Fannie Mae will not be able to rent the home back to the current homeowner. Seems if there is already a tenant in the property in violation of the HOA or zoning rules, then the tenant would automatically be evicted.
* Fannie Mae may opt to forego the rental option if the market rent is not enough to cover ongoing maintenance and management costs.

For the homeowner or current tenant to qualify for the D4L program:

* Homeowner or tenant must be able to document that the proposed rent is no more than 31 percent of their gross income.
* Property inspections must show that the homeowner or tenant are maintaining the home in good condition. [Many distressed homeowners allow homes to fall into disrepair, allowing children to do things like using Magic Markers on the walls.]
* The occupants signing the lease must agree to a credit review and all occupants over the age of 18 must have an acceptable background check, including receiving clearance from the Office of Foreign Assets Control (OFAC)
* There must be no signs of criminal activity in the house. [I'm assuming this means drugs?]
* The home must be used as the homeowner’s or tenant’s primary residence.

It appears that this program is more geared towards keeping tenants in investment properties than it is to keep homeowners in their homes, since tenants are often displaced without much notice when the bank forecloses on a rental property. The new Fannie Mae leases will be for 12 months, with possible extensions on a month-to-month basis after that.

Fannie Mae’s VP Jay Ryan says of the Deed for Lease program, “This new program helps eliminate some of the uncertainty of foreclosure, keeps families and tenants in their homes during a transitional period, and helps to stabilize neighborhoods and communities.”

The initial concept of this program was released in January 2009, and at that time it appeared that the properties would be foreclosed upon and that the maintenance of the rental properties would fall on the Realtors® assigned by the bank to handle those REOs. The new wording appears to indicate that Fannie Mae would be responsible for hiring management companies to handle the T&T’s (tenants and toilets) instead.

So who benefits from this new program? Likely the existing tenants will to some extent, at least if they are already paying rent at near-market rates and they’re keeping the properties in good condition. Seems the biggest winners in the D4L program will be the management companies selected to maintain this new crop of rental properties.

Tampa Coastal Homes, Tampa Real Estate: RE: CNBC Pending Home Sales UP 8 straight Month

2009-11-04T15:30:00.000-05:00

http://www.TampaCoastalHomes.com

RE: CNBC Pending Home Sales UP 8 straight Month

2009-11-04T15:23:00.001-05:00

Pending Home Sales Rise for Eighth Straight Month
Published: Monday, 2 Nov 2009 | 11:50 AM ET Text Size
By: CNBC.com
Pending home sales rose for the eighth straight month in September as new home buyers rushed to take advantage of the $8,000 tax credit before it expires at the end of the month, according to an industry group.

AP
Pending home sales rose 6.1 percent in September, according to the National Association of Realtors.

The National Association of Realtors said Monday that pending home sales rose 6.1 percent to 110.1 from 103.8 in August. It was the largest annual increase on record and marked the longest streak of gains since the measurement began in 2001. It was also the highest level in nearly three years.

Analysts polled by Reuters had forecast pending home sales, which lead existing home sales by one to two months, to be flat.

"What we're witnessing is a rush of first-time buyers trying to beat the expiration of the tax credit at the end of this month," said NAR Chief Economist Lawrence Yun. "Home values will stabilize sooner rather than over-correcting. That, in turn, will mean wealth stabilization for the vast number of middle-class families and lay the foundation for a durable economic recovery."

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The group estimates about 3 million renters are now financially well-qualified to buy a median-priced home, and Yun said if buyers stay within their budget, there will be a sizable pent-up demand.

http://bonniefagoh2.point2agent.com/Blogs/home.aspx

2009-11-03T23:02:00.001-05:00

Tampa Coastal Homes, Tampa Real Estate

2009-10-29T21:34:00.002-04:00

Tampa Coastal Homes, Tampa Real Estate

2009-10-29T21:34:00.001-04:00

Tampa Luxury Florida Home Deals, Tampa Homes, Tampa Real Estate @ Yahoo! Video

Tampa Coastal Homes, Tampa Real Estate: EXCELLENT NEWS FOR HOME BUYERS****

2009-10-29T08:48:00.000-04:00

Tampa Coastal Homes, Tampa Real Estate: EXCELLENT NEWS FOR HOME BUYERS****

EXCELLENT NEWS FOR HOME BUYERS****

2009-10-29T08:44:00.002-04:00

Good news! It appears that Senate Democrats have recognized the tremendous value of the First Time Homebuyers Tax Credit and that it will be renewed soon. At this time, it is believed that the credit will allow anyone purchasing (even if the property is not closed) a home by April 30, 2010 to participate and receive the full credit available. The credit will be continued (but reduced by 2% each 90 days) through the end of 2010! The credit will be slightly lessened, but it will be renewed and this extension should allow the market to continue to recover into and through next summer’s selling season. Of course, there’s always the possibility that it could be renewed at that time, as well.

Here’s the text of the story as reported in Bloomberg News today:
Senate Democrats on Board with Credit Extension

Senate Banking Committee Chairman Chris Dodd (D-Conn.) says Senate Democrats have agreed to extend the first-time home buyer tax credit. The latest version extends the program to home sales signed — not closed — by April 30. Purchasers would have another 60 days to close the sale. The credit will also be expanded to include so-called step-up buyers who have lived in their current home for at least five years.

The credit would be cut slightly to a $7,290 cap. Income eligibility for first-time home buyers would stay the same, but it would rise for step-up buyers to $125,000 for individuals and $250,000 for couples.
Source: Bloomberg News, Dawn Kopecki and Ryan Donmoyer (10/27/2009)

2009-10-20T00:16:00.001-04:00

Tampa Coastal Homes, Tampa Real Estate: Mid October Update

2009-10-19T23:59:00.000-04:00

Tampa Coastal Homes, Tampa Real Estate: Mid October Update

Mid October Update

2009-10-19T23:57:00.000-04:00

WELCOME TO APOLLO BEACH!

I am seeing many signs that we have "hit the bottom".
Desirable properties are being bid up by the competition of multiple offers. And inventory has been drastically reduced in the Southshore area. There are currently 277 listings in Apollo Beach with 121 sold the last 90 days. At this rate there is only a 7 month supply! Those who have waited for "the bottom" are now finding that the selection is not what it was just a few months ago, but....

The time has never been better to buy at BellaSol Luxury Waterfront Villas. We still have some gorgeous condos that are brand new ready-to-move-in villas, but the best ones are going fast as we sold 4 in the last 60 days and have another under contract. We have penthouses that were formally almost $1 million now as low as $483k! As if it wasn't enough to offer these at 45% off....we are also offering 2 to 4 years of your HOA fees PAID. That is up to almost $20,000 in savings!
And your first 5 years at a special interest rate with the remaining 25 years at a low fixed rate (payments starting as low as $949 a month plus taxes and interior insurance. Call me for details). AND boat slips are ½ price!
Don't delay as this offer is only till November 30, 2009.

Tampa Coastal Homes, Tampa Real Estate: Tampa Coastal Homes, Tampa Real Estate

2009-10-14T01:02:00.000-04:00

Incredible priced luxury homes 4 sold in August 2009

Tampa Coastal Homes, Tampa Real Estate

2009-10-14T00:56:00.000-04:00

Tampa Coastal Homes, Tampa Real Estate

2009-10-14T00:53:00.000-04:00

"Tampa Super Bowl Luxury Homes" @ Yahoo! Video

Tampa Bay Waterfront Bargain Homes

2009-10-14T00:45:00.000-04:00

Florida Gators

2009-10-10T23:57:00.001-04:00

Congrats to the Florida Gators and Tim Tebow "you gotta Love the Heart of a Champion"

Tampa Bay 15th Best Sports Area

2009-10-09T17:19:00.001-04:00

The Tampa Bay Lightning may have had a down year, and the Tampa Bay Buccaneers may have missed the playoffs, but the World Series appearance by the Tampa Bay Rays helped propel the Tampa-St. Petersburg market into the 15th best sports market in the nation.

The rankings were conducted by The Sporting News, a publication that, like the Tampa Bay Business Journal, is owned by American City Business Journals. Points were assigned to markets based on factors including won-lost records, postseason appearances, applicable power ratings, number of teams and attendance.

Tampa Coastal Homes, Tampa Real Estate

2009-09-28T11:38:00.000-04:00

Tampa Coastal Homes, Tampa Real Estate

2009-09-28T11:09:00.000-04:00

Tampa Coastal Homes, Tampa Real Estate

2009-09-28T01:17:00.000-04:00

Tampa Coastal Homes, Tampa Real Estate

2009-09-28T01:15:00.000-04:00

Sellers: Know Your Buyer Market

Before you start a company, the first thing you should do is market research to determine your target market. This important step will help determine how successful you ultimately will be. The same is true when it comes to selling your home. Understanding the buyer market and who might be a good fit for your home will help ensure that you highlight the most vital features.

"Just like the business of television advertising commercials, you need to know who your target audience is," writes Michael Corbet in his book Ready, Set, Sold! Before putting your home on the market, you should take time to search for the best REALTOR® to handle your transaction. Your agent can help you better understand which buyers are most likely going to be interested in your home.

Even though you may have lived in your neighborhood for years, taking the time to drive or walk around it is a good idea. But this time do it with the same viewpoint you had when you were originally considering buying your home. It can really be a very different view. If you’re objective, you’ll see both the key selling points of the neighborhood as well as the things that may deter buyers. Seeing it all is beneficial because that’s exactly what potential buyers will see.

If there is a concern that needs addressing, an eyesore in the neighborhood or a foreclosure that’s been sitting boarded up on the block for several months, don’t be afraid to talk about it. The potential buyers are going to know it’s there (if they do their homework).

Making your home ready for your specific buyer market will help you not waste time marketing it to uninterested buyers. For instance, if your home is a two-story home, you might find that elderly couples or people looking to "age in place" might not be as attracted to it because of the steps to the second story. People seeking aging-in-place homes often want a single story so that the entire home is accessible without the difficulty or exertion of having to travel upstairs. If, your home is located in one of the best school districts, draw attention to this. Many parents will move to a neighborhood almost exclusively because of a school district’s glowing reputation. Don’t assume that the potential buyers automatically know this school district’s reputation—shout it through your marketing materials.

Corbet writes that there are several common types of buyers: single first-time, working couple, family, retirees or empty nesters, and a growing buyer market is women who purchase homes sans spouse/partner. Taking a closer look at these groups can help identify what’s important to each. Single first-time buyer: Corbet writes, "Since a huge percentage of renters are women, it’s no surprise that they represent a large percentage of first-time buyers.

The house needs to be spotless, have great curb appeal, and evoke a warm and welcoming feeling with a few amenities." However, Corbet is quick to point out that in this economic era the home must also "be basic enough to be affordable." Working couple: many times this buyer market is looking for a well-maintained home that offers privacy, and enough space for the couple to have some place to work and relax apart. Dual sinks in the bathroom are a plus, also extra storage and good closet accommodations.

Family: these buyers typically go wild over open floor plans, kitchens that flow into great rooms, lots of storage, backyard space, homes that are set-back off the street, cul-de-sacs, Jack and Jill bathrooms (the bathroom is attached to and between two bedrooms), and good-size laundry area.

Empty nesters: think ease, comfort, and lifestyle. This group has "been there, done that"! They’re looking for comfortable living with a simpler lifestyle. Corbet writes, "They also look for smaller, more manageable backyards and low-maintenance landscaping." Security systems are a plus for this group too. Knowing your buyer market gives you an advantage—you can highlight the features of your home that are most likely exactly what those buyers want.

Written by Phoebe Chongchua

Wondering What Your Home Is Worth? -- Let me show you.
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Bonnie Fagoh
E-mail: bonniefagoh@century21beggins.com
Web: http://www.TampaCoastalHomes.com
813-390-7606
Century 21 Beggins Enterprises

Tampa Coastal Homes, Tampa Real Estate

New News for Homebuyers**

Incredible Waterfront Community

Tampa Bay Honors Lee Roy Selmon Ring of Fame

Tampa Coastal Homes, Tampa Real Estate

Tampa Coastal Homes, Tampa Real Estate: RE: CNBC Pending Home Sales UP 8 straight Month

RE: CNBC Pending Home Sales UP 8 straight Month

http://bonniefagoh2.point2agent.com/Blogs/home.aspx

Tampa Coastal Homes, Tampa Real Estate

Tampa Coastal Homes, Tampa Real Estate: EXCELLENT NEWS FOR HOME BUYERS****

EXCELLENT NEWS FOR HOME BUYERS****

Tampa Coastal Homes, Tampa Real Estate: Mid October Update

Mid October Update

Tampa Coastal Homes, Tampa Real Estate: Tampa Coastal Homes, Tampa Real Estate

Tampa Coastal Homes, Tampa Real Estate

Tampa Bay Waterfront Bargain Homes

Florida Gators

**Tampa Bay 15th Best Sports Area**

Tampa Coastal Homes, Tampa Real Estate

Tampa Coastal Homes, Tampa Real Estate

Tampa Bay 15th Best Sports Area