Let’s face it – who doesn’t want to live near sunny and warm beaches, the world’s top tourist destinations and luxurious golf courses? If you’re looking for a change of scenery, then now has never been a better time to uproot your family and move to Tampa, Florida. With rock-bottom prices, the Tampa, Florida real estate market is on the buyer’s side; and if you need reasons why you should take advantage of this dream opportunity, then read on – and be prepared to pack your bags!
PRICES ARE LOW
The prices for Tampa real estate came down 30-40% off the peak of the real estate cycle about 3 year ago. This means that you can save hundreds of thousands of dollars by buying Tampa real estate now. Want proof? If you were looking for a 3 bed, 2 bath home in 2006 – right before the recession hit – you’d have to fork over almost a half-million dollars just to consider yourself a Tampa homeowner. Now that same home will cost you a mere $250,000, for a savings of over $150,000 – just try getting that incredible bargain anywhere else.
MANY HOMES TO CHOOSE FROM
Since Tampa real estate is a viable buyer’s market, you’ll have the luxury to choose from beautiful houses at competitive prices. And if you are willing to wait, you can get even greater deals on many Tampa bank-owned homes and Tampa foreclosures.
GREAT POTENTIAL FOR PRICE APPRECIATION
Florida is one of the very few areas in the United States blessed with mild climate, beautiful beaches and terrific lifestyle. Little supply and much demand create great potential for price appreciation. Tampa Bay real estate market was one of the first ones in the nation to sink, and it is one of the first ones to rebound. The home buyers are finally coming out after a few years of inactivity, and they are buying. Once Tampa real estate market is clear of the excess inventory, it will be poised for growth again.
FLORIDA LIFESTYLE
There’s a reason why Florida is visited by millions of tourists each year – it’s the Florida lifestyle! You can spend the day at the beach or at Disney (which is a short drive away), or play around on the golf course with your best friends – whatever activities you love to do, you can bet that there’s ample opportunity in Tampa, Florida.
RENT
Owning multiple real estate properties is a great way to boost your investment portfolio, and for good reason – you can generate lots of passive income from rent alone. Be sure to charge tenants more than the mortgage payment and you’ll be thankful for your Tampa home. Some of the best areas for rentals include New Tampa real estate, South Tampa and Citrus Park.
If you’ve been dreaming of living the Florida lifestyle for too long, now is your chance to buy Tampa, Florida real estate at recession-friendly prices that won’t break your budget, no matter what you can afford.
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