Tampa Bay Real Estate

Sold in Odessa-Tampa Bay Real Estate-Another Successful Home Purchase with the Help of Tampa Bay's Agent

Tony Delgado — Fri, 07 Jun 2013 18:56:00 GMT

$324,000 , 4 bedrooms, 2 full baths, 1 half baths, 2,967 square feet

Tony Delgado | RE/MAX Bay to Bay | (813) 493-0882

17313 Preakness Pl, Odessa, FL

The Lakes at Van *** Farms

4BR/2+1BA Single Family House

offered at $324,000

Year Built	1990
Sq Footage	2,967
Bedrooms	4
Bathrooms	2 full, 1 partial
Floors	1
Parking	Unspecified
Lot Size	17,359 sqft
HOA/Maint	$70 per month

DESCRIPTION

WONDERFUL "ARTHUR RUTENBERG" built home. Your family will love this large open floor plan with high ceilings and open Floor plan. The bright kitchen and family room features a great view of the the pool and pond. Cozy up to the fireplace on those cold winter nights( both of them ) and enjoy evenings by the pool. Situated on a corner lot in the THE LAKES subdivision of Van *** farms. This home has a new metal roof, newer A/C, spacious living room with separate dining Large master suite with plantation shutters an office or forth bedroom just off the entry with it's own half bath, along with a guest suite area off the family room.

Odessa

see additional photos below

ADDITIONAL PHOTOS

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Contact info:

Tony Delgado

RE/MAX Bay to Bay

(813) 493-0882

For sale by agent/broker

Posted: Jun 7, 2013, 9:55am PDT

Sold in South Tampa-Tony Delgado is Tampa Bay's Agent-Re/Max Bay to Bay

Tony Delgado — Fri, 31 May 2013 20:19:00 GMT

$309,900 , 4 bedrooms, 2 full baths, 1 half baths, 2,258 square feet

Tony Delgado | RE/MAX Bay to Bay | (813) 493-0882

6159 S Sheridan Rd, Tampa, FL

Better than New-South Tampa-Upgrades Galore

4BR/2+1BA Single Family House

offered at $309,900

Year Built	2011
Sq Footage	2,258
Bedrooms	4
Bathrooms	2 full, 1 partial
Floors	2
Parking	Unspecified
Lot Size	6,000 sqft
HOA/Maint	$0 per month

DESCRIPTION

Better than new, why wait for the to be built homes in the area when you can move right in to the spectacular-spacious home in South Tampa. The home features 4 bedrooms, 2 and a half baths, a 2 car garage, covered patio, and fenced yard. Upgrades include wood flooring, trayed ceilings, crown moldings, tile in all wet areas, an open Kitchen with 42 inch cabinets, granite counters, stainless steel appliances, breakfast bar & more. The Master Bedroom is spacious and the Master Bath has a garden tub with separate shower, upgraded cabinets and counters along with dual sinks. Priced lower than simialr new construction in the area and ready to move in. Don't miss this one!!

Tampa

see additional photos below

PROPERTY FEATURES

- Family room	- Laundry room	- Master bath
- Pantry	- Walk-in closet	- Dishwasher
- Microwave	- Stainless steel appliances	- Stove/Oven
- Balcony, Deck, or Patio	- Fenced yard	- Lawn
- Air conditioning	- Central A/C	- Central heat
- Cable-ready	- Garage - Attached	- Hardwood floor
- High/Vaulted ceiling	- Tile floor

ADDITIONAL PHOTOS

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Contact info:

Tony Delgado

RE/MAX Bay to Bay

(813) 493-0882

For sale by agent/broker

Posted: May 31, 2013, 11:27am PDT

Under Contract-Carrollwood Area

Tony Delgado — Thu, 04 Apr 2013 21:49:00 GMT

$239,900 , 4 bedrooms, 3 full baths, 0 half baths, 2,200 square feet

Tony Delgado | RE/MAX Bay to Bay | (813) 493-0882

12818 Pacifica Pl, Tampa, FL

Carrollwood Area Foreclosure

4BR/3BA Single Family House

offered at $239,900

Year Built	1999
Sq Footage	2,200
Bedrooms	4
Bathrooms	3 full, 0 partial
Floors	1
Parking	Unspecified
Lot Size	7,148 sqft
HOA/Maint	$28 per month

DESCRIPTION

Spacious and open floor plan features formal living and dining areas, large open kitchen/family room, 4 bedrooms, 3 baths, a 3 car garage, and inground pool with screen enclosure.

Tampa

see additional photos below

ADDITIONAL PHOTOS

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Contact info:

Tony Delgado

RE/MAX Bay to Bay

(813) 493-0882

For sale by agent/broker

Posted: Apr 4, 2013, 12:42pm PDT

Under Contract in 18 hours!!

Tony Delgado — Wed, 03 Apr 2013 20:00:00 GMT

$49,900 , 2 bedrooms, 2 full baths, 1 half baths, 1,360 square feet

Tony Delgado | RE/MAX Bay to Bay | (813) 493-0882

12970 Kings Crossing Dr, Gibsonton, FL

Gibsonton area Townhome in Gate Community

2BR/2+1BA Townhouse

offered at $49,900

Year Built	2005
Sq Footage	1,360
Bedrooms	2
Bathrooms	2 full, 1 partial
Floors	2
Parking	2
Lot Size	1,056 sqft
HOA/Maint	$260 per month

DESCRIPTION

This spacious Townhome is located in a gated section of Kings Lake, has no rear neighbors and a view of the Lake. It comes with all appliances including a washer and dryer, and your water & basic cable is included in the rent. Both upstairs bedrooms have their own bathrooms and there is a half bath downstairs. The unit also features a large storage pantry and outside storage closet located on the lanai.

Gibsonton

see additional photos below

ADDITIONAL PHOTOS

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Contact info:

Tony Delgado

RE/MAX Bay to Bay

(813) 493-0882

For sale by agent/broker

Posted: Apr 3, 2013, 10:56am PDT

S & P-Home prices still climbing

Tony Delgado — Wed, 27 Mar 2013 12:02:00 GMT

U.S. home prices rose in January at the fastest annual pace since June 2006, just before the housing bubble burst. The gain shows the housing recovery is strengthening ahead of the all-important spring buying season.

The Standard & Poor’s/Case-Shiller 20-city home price index climbed 8.1 percent in the 12 months ending in January. That’s up from a 6.8 annual gain in December. Prices rose in all 20 cities. Eight markets posted double-digit increases, led by a 23.2 percent gain in Phoenix. Prices rose 17.5 percent in San Francisco and 15.3 percent in Las Vegas, one of the nation’s hardest hit markets during the crisis.

Prices rose in 11 of 20 cities on a month-over-month basis. The monthly numbers are not seasonally adjusted and reflect the slower winter buying period.

The S&P/Case-Shiller index covers roughly half of U.S. homes. It measures prices compared with those in January 2000 and creates a three-month moving average. The January figures are the latest available.

Home prices nationwide are still 29 percent below their peak reached at the height of the housing bubble in August 2006. They are only back to where they were in August 2003.

Still, steady price increases should help make the housing recovery sustainable and add to economic growth. Higher home prices encourage more people to buy before prices rise further.

“Over time, persistently rising house prices also boost household wealth, make lenders more willing to lend because the asset they’re underwriting is appreciating, and ease pressure on local government budgets that get revenue from property taxes,” Jonathan Basile, director of economics at Credit Suisse, wrote in a research note.

Other recent reports have shown a strengthening recovery in housing, helped by near-record-low mortgage rates. Construction of single-family homes rose in February at the fastest pace in 4 ½ years. Sales of previously owned homes rose last month to their fastest pace in more than three years.

More Americans are putting their houses on the market, suggesting they believe the housing market will continue to strengthen.

The number of available homes for sale rose 10 percent last month, the first monthly gain since April. Even with the gain, the inventory of homes for sale was still 19 percent below a year ago.

Investment in housing, including home construction, contributed to the nation’s economic growth last year for the first time since 2005; from 2006 through 2011, a drop in housing investment dragged economic growth down.

Under Contract-South Tampa Real Estate

Tony Delgado — Fri, 22 Mar 2013 22:10:00 GMT

$309,900 , 4 bedrooms, 2 full baths, 1 half baths, 309,900 square feet

Tony Delgado | RE/MAX Bay to Bay | (813) 493-0882

6159 S Sheridan Rd, Tampa, FL

Better than New-South Tampa-Upgrades Galore

4BR/2+1BA Single Family House

offered at $309,900

Year Built	2011
Sq Footage	2,258
Bedrooms	4
Bathrooms	2 full, 1 partial
Floors	2
Parking	Unspecified
Lot Size	6,000 sqft
HOA/Maint	$0 per month

DESCRIPTION

Tampa

see additional photos below

PROPERTY FEATURES

- Family room	- Laundry room	- Master bath
- Pantry	- Walk-in closet	- Dishwasher
- Microwave	- Stainless steel appliances	- Stove/Oven
- Balcony, Deck, or Patio	- Fenced yard	- Lawn
- Air conditioning	- Central A/C	- Central heat
- Cable-ready	- Garage - Attached	- Hardwood floor
- High/Vaulted ceiling	- Tile floor

ADDITIONAL PHOTOS

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Photo 9	Photo 10

Contact info:

Tony Delgado

RE/MAX Bay to Bay

(813) 493-0882

For sale by agent/broker

Posted: Mar 14, 2013, 3:36am PDT

Home Loans with lower downpayments make their return

Tony Delgado — Tue, 19 Mar 2013 12:24:00 GMT

A recent article from CNBC is indicating that banks may be moving back to lower down payment loans- something not seen since the collapse of the housing market which resulted in a 50% loss in values in some areas of Tampa Bay.

Lenders are now beginning to approve low down payment loans, mostly due to the fact that the government sponsored mortgage giant, Fannie Mae, is buying them.

Most banks have been requiring at least 20% of the purchase price as a down payment over the past 4 years, unless the buyer used an FHA loan which is backed by the government and requires only 3.5% of the contract price as a down payment.

With Fannie Mae buying loans with as little as a 3 percent down payment, banks feel more comfortable lending to qualified buyers with little money down. These loans also require private mortgage insurance which has been difficult t obtain as these companies absorbed billions of dollars in claims on defaulted loans. Rising home values also provide a cushion to the lenders and insurers who are not as concerned with the property values falling below what they have loaned on them.

Property values in the Tampa Bay real estate market have increased by as much as 10% in many neighborhoods and are showing no signs of slowing, given the limited inventory of homes available for purchase.

The only low down payment loan left after the crash was through the Federal Housing Administration (FHA)—the government's loan insurer. The FHA took on a huge share of the market, far more than it was ever meant to, and while that helped prop up the mortgage market in the short term, it was not sustainable, and the FHA took on huge losses.

Now, facing a $16 billion shortfall, the FHA has raised premiums and will raise them yet again next month. FHA loans are becoming increasingly expensive and the new low down payment programs being offered outside of FHA should help the markets continued growth and provide solid home buyers a chance to purchase without a substantial amount of money down.

Home Prices on the Rise-and so are Interest Rates

Tony Delgado — Sat, 16 Mar 2013 14:34:00 GMT

There's been plenty of news recently about rising real estate prices across the U. S. But another area of concern for home buyers in Tampa Bay is starting to get some media attention too-rising home mortage rates.

Long-term U.S. mortgage rates rose this week, a sign of market improvement according to the Federal Home Loan Mortgage Corp.

Rates for 30-year, fixed-rate mortgages rose from 3.52 percent with an average 0.8 point to 3.63 percent.

Rates for 15-year contracts were up from 2.76 percent to 2.79 percent with an average 0.8 point.

One point is equal to 1 percent of the amount of the loan and is typically paid up front. It includes a corresponding discount on the loan's long-term interest rates.

Interest rates for five-year adjustable rate mortgages fell to 2.61 percent with an average of 0.6 points from 2.63 percent.

One-year adjustable rate mortgages using 10-year bonds as a benchmark, averaged 2.64 percent with 0.4 point in the week, up from 2.63 percent in the previous week.

Freddie Mac's VP and Chief Economist said that fixed mortgage rates rose this week on stronger signs of jobs growth and consumer spending noting that the economy added 236,000 new workers in February which helped push down the unemployment rate to 7.7 percent. This helped offset the effects of the payroll tax holiday expiration and led to a 1.1 percent increase in retail sales, which was well above the market consensus forecast.

There is speculation that the record low rates are gone for good. But rates are still at historic lows and housing prices still affordable. It's a great time to buy, but the bottom is long gone.

South Tampa Home For Sale-Spectacular!!

Tony Delgado — Thu, 14 Mar 2013 12:43:00 GMT

Tony Delgado | RE/MAX Bay to Bay | (813) 493-0882

6159 S Sheridan Rd, Tampa, FL

Better than New-South Tampa-Upgrades Galore

4BR/2+1BA Single Family House

offered at $309,900

Year Built	2011
Sq Footage	2,258
Bedrooms	4
Bathrooms	2 full, 1 partial
Floors	2
Parking	Unspecified
Lot Size	6,000 sqft
HOA/Maint	$0 per month

DESCRIPTION

see additional photos below

PROPERTY FEATURES

- Family room	- Laundry room	- Master bath
- Pantry	- Walk-in closet	- Dishwasher
- Microwave	- Stainless steel appliances	- Stove/Oven
- Balcony, Deck, or Patio	- Fenced yard	- Lawn
- Air conditioning	- Central A/C	- Central heat
- Cable-ready	- Garage - Attached	- Hardwood floor
- High/Vaulted ceiling	- Tile floor

ADDITIONAL PHOTOS

Photo 1	Photo 2
Photo 3	Photo 4
Photo 5	Photo 6
Photo 7	Photo 8
Photo 9	Photo 10

Contact info:

Tony Delgado

RE/MAX Bay to Bay

(813) 493-0882

For sale by agent/broker

Posted: Mar 14, 2013, 3:36am PDT

Foreclosure Filings continue to fall

Tony Delgado — Thu, 14 Mar 2013 11:29:00 GMT

The number of U.S. properties with foreclosure filings fell 25% in February from a year earlier as U.S. bank reposessions dropped to a 65-month low, according to market researcher RealtyTrac.

There were 154,281 U.S. properties with default notices, scheduled auctions and bank repossessions in February, a 2% increase from January, RealtyTrac reported. One in every 849 U.S. housing units had a foreclosure filing last month.

"At a high level the U.S. foreclosure inferno has been effectively contained and should be reduced to a slow burn in the next two years," said Vice President Daren Blomquist. "But dangerous foreclosure flare-ups are still popping up in states where foreclosures have been delayed by a lengthy court process or by new legislation making it more difficult to foreclose outside of the court system."

Mr. Blomquist noted foreclosure starts have been steadily rising in those states over the last several months and likely will end up as bank repossessions or short sales later this year.

For example, the state of Washington has seen seven straight months of rising foreclosure activity, pushing the state's foreclosure rate to the fifth-highest nationwide. In Maryland, eight straight months of rising foreclosure activity placed the state's foreclosure rate among the top-10 nationwide for the first time since July 2010.

Properties starting the foreclosure process also fell 25% in February from a year earlier. U.S. bank reposessions were down 29% on a year-over-year basis to its lowest level since September 2007.

Florida posted the highest foreclosure rate among all states for the sixth month in a row. One in every 282 Florida housing units had a foreclosure filing last month--more than three times the national average. Nevada and Illinois again had the second- and third-highest foreclosure rates, respectively.

Write to Nathalie Tadena at nathalie.tadena@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

New Residential Construction set for Channelside

Tony Delgado — Wed, 13 Mar 2013 12:02:00 GMT

By RICHARD MULLINS| The Tampa Tribune

TAMPA --

The tower boom is definitely back in Tampa.

After years with almost no new residential construction, developers on Monday filed plans with the city of Tampa for yet another new downtown tower, this one called SkyHouse Channelside.

Added together, various projects in Tampa could bring more than 2,100 units to the market in the next couple of years, almost all of them rental apartments geared to the Generation Y demographic, which developers say wants to remain as mobile as possible.

The new tower would stand near the corner of 11th and Whiting streets and reach 23 stories tall, rivaling the Towers at Channelside on the south end of the neighborhood, and include 320 apartment units, with a ground-floor level of retail and a separate parking deck with 450 spaces.

If that sounds similar to other towers in town, here's one reason: The SkyHouse is backed by Atlanta-based Novare Group, which built the Skypoint and Element towers in downtown Tampa.

Formally, Novare Group has filed only a rezoning request with the city, which is early in the process, but it already has momentum with similar, prototype "SkyHouse" towers under way or completed in Orlando, Houston, Austin, Texas, and two in Atlanta.

"Along the west coast of Florida, Tampa is the home to job creation for Gen Y, our primary target resident," said Novare Group President Jim Borders in a statement to the Tribune. "This fits well with our strategy of serving the premier business centers of the Southeast with great high-rise rental residential communities."

An estimated 4 million people will turn 22 every year for the next four years, said Mark Stewart, director of investments for Batson-Cook Development, a partner on the project. "Given the unique and attractive employment characteristics of Tampa, we see this market maintaining strong future growth and believe SkyHouse will be extremely well received."

Residential apartments are the hottest project type in development lately, and various developers plan scores of new projects around this region: 246 units at 6608 S. Westshore Blvd.; 311 units in the "NoHo Flats" project near the University of Tampa at West Fig Street and North Rome Avenue; 231 units at the former Whiskey River site at 2206 W. Swann Ave.; 300 units at 4504 W. Spruce St. near International Plaza mall; several hundred units at the city-backed Encore development north of downtown at 1101 Ray Charles Blvd.; 367 units at the Crescent project on Bayshore Boulevard just south of the Platt Street Bridge.

Tampa developer Greg Minder, who originally was involved in the Skypoint and Element projects, also plans a residential tower adjacent to the Straz Center with 350 units – a project that has strong support from Mayor Bob Buckhorn.

Ken Stoltenberg, who built the Grand Central buildings in the Channel District also plans a tower with 316 units called The Martin, on the east side of Meridian Avenue, just south of East Twiggs Street, with a wide span of two-story retail space and a tower further to the east.

Often, the apartments in these structures are built in a way that makes it easier to convert them to condominiums later.

However, the financial markets have suddenly opened up for developers planning rental projects of some sort. That's a bet that despite 30-year mortgage rates below 4 percent, more young professionals and families will gravitate for one reason or another to renting a home instead of buying one.

Tampa Bay Home Sales Report-Up, Up, and Away we go!

Tony Delgado — Tue, 05 Mar 2013 20:35:00 GMT

Real estate sales in the Tampa Bay area remained strong during the final 2 months of 2012, and despite an extremely low inventory of homes for sale in the Tampa Bay area, closings for the first 2 months of 2013 have been strong as well.

With prices on the upswing, more homeowners are finding themselves in a position to sell their property without taking a loss and more buyers are trying to take advantage of low prices while they still have the chance.

Add the continued low interest rates being offered by lenders, and we find that the Tampa Bay real estate market remains steady and values are continuing to climb.

Homes sales for the first 2 months of 2013 were virtually even with the number of properties sold this same time last year, despite a 20% drop in the available inventory. There is less than a 4 month supply of properties for sale in Tampa Bay, a dramatic drop from previous years.

It's good news for sellers, and better news for Home Builders.

More Positve Signs---The price range in which homes are selling.

In Feb of 2012, half of the reported home sales sold for less than $100,000. In 2013, that number is one third of all homes sold and closed and Home sales between $200,000 and $300,000 increased 24% from this same time last year. It's a sure indication that prices are rising.

Homebuyers are scrambling to find a house before prices jump another 10%, as they have in many areas of Tampa Bay over the past 12 months.

A client I sold a home to in South Tampa recently contacted me asking what the chances were of selling the home they bought in November of 2011. He was pleasantly surprised to hear that similar homes were selling for $25,000 to $30,000 more than what they paid. What a difference a year makes.

And even more Good News--The number of pending sales jumped significantly in January

Short Sales represented only half of the properties under contract, down from over 60% of all homes scheduled to close just 4 months ago. This is probably a good thing given the number of closed short sales has fallen to only 9% of the pending short sale inventory.

Banks are not as open to negotiating these days.

619 foreclosures in the Tampa Bay area closed over the last 30 days and the inventory of bank owned properties for sale dropped slightly. Pending bank sales are up though, as people continue to snap up the distressed homes that come on the market and typically find themselves bidding against others trying to capitalize on what’s left of the low priced “fixer uppers”.

Pending new homes sales are up too, and more new construction is being seen in our area. Builders are busy, and their prices reflect that fact. One builder just increased the price of all homes they are building by 10% and I've found waiting lists for subdivisions that haven't even paved the streets yet.

Does this all sound familiar? Anyone around in 2005 will tell you it does.

The Monthly Stats:

Pending sales were up 11%, the first increase in 6 months.

Only 602 of the 6,444 Short Sales under contract closed last month.

The highest priced home sold in Tampa Bay went for $5.5 Million.

Distressed properties still accounted for nearly 37% of all home sales over the 30 day period tracked, a number that continues to fall.

Struggling to make your Mortgage Payment? Walk away free of Debt.

Tony Delgado — Tue, 05 Feb 2013 12:14:00 GMT

The downturn in the economy put many people in a financial bind, making it harder to stay current on debts such as credit cards, cars, and homes.

Add the crash of the real estate market and a dramatic drop in property values, you add insult to injury for many, escpecially in the Tampa Bay real estate market where homes values dropped as much as 55% in some areas.

Some homeowners have desparately tried to hold on to their good credit rating by paying their mortgage on time and staying in the home they have, even with the frustration of knowing that the value of their property may never increase to what is owed.

But now some hope for those having financial difficulties or facing the inevitable default:

An article from Bloomberg-

Underwater borrowers current with their mortgage payments may be able to give up their properties and get their debts erased, according to new guidelines issued by mortgage giants Fannie Mae and Freddie Mac.

Non-delinquent borrowers who have Fannie and Freddie-backed loans and can document a hardship, such as an illness, job change or other situation, can apply for a deed-in-lieu transaction. Eligible borrowers also must have a 55 percent debt-to-income ratio. Servicers will be required to confirm that the property has been left in good condition.

Eligible borrowers will have the forgiven debt – the amount remaining between the property’s value and size of their mortgage – erased.

“The goal is to make sure people who have suffered a hardship have the appropriate options to prevent foreclosure,” says Andrew Wilson, spokesman for Fannie Mae.

Borrowers may still be required to pay some of the forgiven debt, however, if the borrower has the means to do so.

“Homeowners applying for deed-in-lieu transactions may be asked to make cash contributions of up to 20 percent of their financial reserves, excluding retirement accounts,” Bloomberg reports about the guidelines. “Or, they may be asked to sign a promissory note for future no-interest repayments. The amount and terms can be negotiated.”

Fannie and Freddie’s new eligibility for deed-in-lieu of transactions has been met with some criticism, particularly at a time with the government-sponsored enterprises are still underwater themselves from steep losses the last few years. The GSE’s have, to date, required $190 billion of taxpayer money since 2008.

“It’s an extraordinarily generous approach for companies still in debt to American taxpayers,” Phillip Swagel, a professor at the University of Maryland’s School of Public Policy, told Bloomberg. “We’re giving people an incentive to walk away, right when the housing market is starting to right itself.”

But some argue that past programs tended to penalize borrowers on the brink of foreclosure who kept making their payments, says Julia Gordon, director of housing finance and policy at the Center for American Progress. Mortgage servicers in some cases were even advising borrowers to stop making their mortgage payment so that they could qualify for more assistance.

“Fannie and Freddie are finally recognizing that some people are stuck in their homes,” Gordon told Bloomberg. “There are a lot of families who need to move who can’t do it if they’re going to have debt hanging over their heads. There’s no winner when someone is forced to default on their mortgage – not the investor, not the homeowner and certainly not the neighborhood.”

SouthTampa Real Estate-Coming Soon 3/2 Townhome-Gray Gables

Tony Delgado — Fri, 18 Jan 2013 13:38:00 GMT

Tony Delgado | RE/MAX Bay to Bay | (813) 493-0882

212 S Lincoln Ave, Tampa, FL

South Tampa-Spacious 3 Bedroom 2 and a half bath Townhome with hard to find back courtyard for outdoor entertaining!

3BR/2+1BA Townhouse

offered at $349,900

Year Built	2000
Sq Footage	2,136
Bedrooms	3
Bathrooms	2 full, 1 partial
Floors	Unspecified
Parking	Unspecified
Lot Size	2,600 sqft
HOA/Maint	$180 per month

DESCRIPTION

Looking for a spacious 3 Bedroom 2 and a Half Bath Townhome with a 1 Car Garage in South Tampa? It's right here-This home is centrally located with easy access to Hyde Park-SoHo-Downtown Tampa, and Tampa International Airport. Enter the home thru a gated, landscaped courtyard to nearly 2200 square feet of living space. The home has a great floor plan both downstairs and up. Upgrades include custom plantation shutters, along with crown and chair rail moldings for an elegant finish. The oversized base boards include finished moldings as well and the downstairs flooring is all hardwood with the exception of the kitchen which is tiled. The Kitchen opens to the Living Area and features raised panel cabinets, solid surface counters with a built in sink, breakfast bar, and peninsula island for addition cooking/work space. The sliding glass doors off the Living Area lead to a private, fenced court yard perfect for grilling and outdoor entertaining. This is a hard to find feature in a S. Tampa townhome. There is also a formal dining area off the Kitchen for sit down dinners with friends or family. The Master Bedroom is huge, and features a walk in closet and Master Bath with double sink vanity, tub, and separate shower. The Guest Room also has a walk in closet nad the is a 3rd bedroom as well. The washer/dryer are located upstairs for easy access. Don't miss out!!!

see additional photos below

ADDITIONAL PHOTOS

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Contact info:

Tony Delgado

RE/MAX Bay to Bay

(813) 493-0882

For sale by agent/broker

Posted: Jan 18, 2013, 3:46am PST

Foreclosures continue to slow-but we're not done yet.

Tony Delgado — Tue, 08 Jan 2013 00:39:00 GMT

According to CoreLogic, approximately 1.7 million homes in the U.S. are in the foreclosure process and expected to be put up for sale by April of 2013. That number is down 18 percent from the peak of the foreclosure crisis, as fewer loans enter delinquency and more distressed homes are sold.

The so-called shadow inventory represented a 7 month supply on a national level at the current sales pace and does not appear to be a threat to stability of the real estate market. The inventory’s size is used as a gauge of housing-market health because foreclosed homes sell for lower prices which could in turn cause values to drop and discourage home buying. S. Shadow Inventory Shrinks

The number of homeowners going delinquent on their mortgage is dropping and it shows there is an ongoing improvement in some areas, including the Tampa Bay real estate market.

Mortgage delinquencies fell to 8.32 percent in the first quarter of this year, down from a record 10.1 percent in 2010’s first quarter, according a Mortgage Bankers Association report. The number of homes with mortgages at least 90 days late dropped to 1.96 million in April from a January 2010 peak of 3.06 million

Foreclosures and short sales, in which the lender agrees to a sale for less than the balance of the mortgage, accounted for 31 percent of existing-home sales on a national level and account for nearly 45 percent of all home sales in the Tampa Bay area. These types of sales represent only a small fraction of the available inventory of homes for sale but attract buyers because of their discounted prices.

Tampa Bay Real Estate News-Real Estate Provisions of the Fiscal Cliff Bill

Tony Delgado — Thu, 03 Jan 2013 12:15:00 GMT

There will be continued tax relief for troubled homeowners who decide to do a short sale, deed in lieu, or apply for a principle reduction.

Yesterday, the House and Senate passed H.R. 8, legislation to avert the so-called "fiscal cliff." Following are real estate-related provisions of the bill, which President Obama plans to sign into law today:

• Mortgage Forgiveness Debt Relief Act extended to January 1, 2014. In place since 2007, the act provided a tax break for homeowners who struggled through financial hardship such as a foreclosure, and were granted mortgage debt forgiveness. In the past several months, National Association of Realtors (NAR) issued numerous calls to action urging its million-plus Realtor members to ask lawmakers to extend the tax break for another year. More than a quarter of all transactions involve distressed properties, the NAR said in its plea. "Homeowners shouldn't be forced to pay a tax on money they've already lost with cash they never received."

• Deduction for mortgage insurance premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012.

• The 15-year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012.

• The 10 percent tax credit (up to $500) for homeowners for energy efficiency improvements to existing homes is extended through 2013 and made retroactive to cover 2012.

• "Pease limitations" that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be reinstituted for high-income filers. "Pease" limitations will only apply to individuals earning more than $250,000 and joint filers earning more than $300,000. The thresholds are indexed for inflation so will rise over time. Under the formula, filers gradually lose the value of their total itemized deductions up to a total of a 20% reduction.

First enacted in 1990 and named for Ohio Congressman Don Pease, who proposed the idea, the limitations continued throughout the Clinton years. The limitations were gradually phased out starting in 2003 and eliminated in 2010. Reinstitution of these limits has far less impact on the mortgage interest deduction than a hard dollar deduction cap, percentage deduction cap or reduction of the amount of mortgage interest deduction that can be claimed.

• The capital gains rate remains at 15 percent for individuals earning less than $400,000 per year and couples earning less than $450,000. Any gains above these amounts will be taxed at 20 percent. The $250,000/$500,000 exclusion for the sale of principle residence remains.

October Bounce Back-Home sales in Tampa Bay jump 15% from September.

Tony Delgado — Tue, 27 Nov 2012 16:53:00 GMT

In what would normally be considered a slow month for Tampa Bay real estate sales, nearly 3800 homes were sold and closed in the month of October. That is an increase of nearly 25% over home sales this same time last year and up more than a third from 2010 home purchases.

As the inventory of homes for sale in Tampa Bay continues to fall, sales remain high, a good indication of a continued recovery for the housing market in Tampa Bay. It’s great news for home owners, but not so good news for the home buyers.

With less than a 4 month supply of homes for buyers in the Tampa Bay area, finding a one can prove to be quite difficult. Properties priced at market value are moving very quickly and many home buyers continue to find themselves competing against several other prospects when trying to make a purchase in a popular area with a low inventory.

I recently listed a 3/2 Townhome located in South Tampa. We decided to price the property at the top end of the current market value based on other sales in the area. Within 7 days we had 10 showings and a full price offer. Not bad for a townhome priced at $350K. A smaller inventory and larger pool of buyers is slowly driving prices up in some areas of Tampa Bay.

Short Sales still dominate the number of homes under contract and scheduled to close, but the number of active short sale homes for available continues to fall. There is speculation that they could rise, depending on how economic conditions progress, and the possibility of expiring tax cuts for many could result in financial hardship and the possibility of falling behind on payments.

The number of bank owned properties for sale across the Tampa Bay area rose, indicating that banks are moving on completing some of the foreclosure actions stalled by months of irregularities, fraud, and sheer volume of people in default. Sales of REO's rose as well which off set the increase. There is no glut of foreclosed properties in our area, contrary to media reports.

The number of negotiated and closed Short Sale properties remained about the same. These types of sales still represent the vast majority of homes under contract in the Tampa Bay area.

New home builders in Tampa Bay continued to sell their homes at a steady pace showing increased sales once again over the previous month. There are also more new homes under contract and scheduled to close than there were the month before.

The Monthly Stats:

Pending sales fell for the 5th month in a row.

833 of the 7300 Short Sales under contract closed last month.

The highest priced home sold in Tampa Bay went for $5.2 Million.

Distressed properties still accounted for nearly 40% of all home sales over the 30 day period tracked.

Under Contract-Plant City

Tony Delgado — Sat, 03 Nov 2012 10:39:00 GMT

Tony Delgado | RE/MAX Bay to Bay | (813) 493-0882

1107 W Madison St, Plant City, FL

Plant City Gem!

3BR/2BA Single Family House

offered at $59,900

Year Built	1996
Sq Footage	1,428
Bedrooms	3
Bathrooms	2 full, 0 partial
Floors	Unspecified
Parking	Unspecified
Lot Size	6,251 sqft
HOA/Maint	$0 per month

DESCRIPTION

Vacant and ready to close-This spacious 3/2 with Family Room is in great condition and priced to sell. At current home loan rates, this large family home can be purchased with very little down and the monthly mortgage payment would be less than half of the typical rent for a similar home in the area. The house features ceramic tile floors, new carpet, a good size kitchen and large rooms. Investors: Great rental property with good rate of return. Just buy it and rent it out, no work to be done!!

see additional photos below

PROPERTY FEATURES

- Family room

COMMUNITY FEATURES

- Covered parking

ADDITIONAL PHOTOS

Photo 1

Contact info:

Tony Delgado

RE/MAX Bay to Bay

(813) 493-0882

For sale by agent/broker

Posted: Nov 3, 2012, 1:33am PDT

Under Contract-South Tampa Townhome-Only 6 days on the market.

Tony Delgado — Thu, 25 Oct 2012 21:21:00 GMT

Tony Delgado | RE/MAX Bay to Bay | (813) 493-0882

212 S Lincoln Ave, Tampa, FL

South Tampa-Spacious 3 Bedroom 2 and a half bath Townhome with hard to find back courtyard for outdoor entertaining!

3BR/2+1BA Townhouse

offered at $349,900

Year Built	2000
Sq Footage	2,136
Bedrooms	3
Bathrooms	2 full, 1 partial
Floors	Unspecified
Parking	Unspecified
Lot Size	2,600 sqft
HOA/Maint	$180 per month

DESCRIPTION

Spacious 3 Bedroom 2 and a half Bath Townhome with a 1 Car Garage in South Tampa? Right here-This property is centrally located with easy access to Hyde Park-SoHo-Downtown Tampa, and the Tampa airport. You enter the home thru a gated, landscaped courtyard and with nearly 2200 square feet, this house offers great living space both downstairs and up. Upgrades include custom plantation shutters, along with crown and chair rail moldings for an elegant finish. The oversized base boards include finished moldings as well and the downstairs flooring is all hardwood with the exception of the kitchen which is tiled. The Kitchen opens to the Living Area and features raised panel cabinets, solid surface counters with a built in sink, breakfast bar, and peninsula island for addition cooking/work space. The sliding glass doors off the Living Area lead to a private, fenced court yard perfect for grilling and outdoor entertaining. This is a hard to find feature in a S. Tampa townhome. There is also a formal dining area off the Kitchen for sit down dinners with friends or family. The Master bedroom is huge, and features a walk in closet and Master Bath with double sink vanity, tub, and separate shower. The Guest Room also has a walk in closet nad the is a 3rd bedroom as well. The washer/dryer are located upstairs for easy access. Don't miss out!!!

see additional photos below

ADDITIONAL PHOTOS

Photo 1	Photo 2
Photo 3	Photo 4
Photo 5	Photo 6
Photo 7	Photo 8
Photo 9	Photo 10

Contact info:

Tony Delgado

RE/MAX Bay to Bay

(813) 493-0882

For sale by agent/broker

Posted: Oct 11, 2012, 1:24pm PDT

South Tampa Townhome for Sale!!

Tony Delgado — Mon, 15 Oct 2012 20:26:00 GMT

Tony Delgado | RE/MAX Bay to Bay | (813) 493-0882

212 S Lincoln Ave, Tampa, FL

South Tampa-Spacious 3 Bedroom 2 and a half bath Townhome with hard to find back courtyard for outdoor entertaining!

3BR/2+1BA Townhouse

offered at $349,900

Year Built	2000
Sq Footage	2,136
Bedrooms	3
Bathrooms	2 full, 1 partial
Floors	Unspecified
Parking	Unspecified
Lot Size	2,600 sqft
HOA/Maint	$180 per month

DESCRIPTION

see additional photos below

ADDITIONAL PHOTOS

Photo 1	Photo 2
Photo 3	Photo 4
Photo 5	Photo 6
Photo 7	Photo 8
Photo 9	Photo 10

Contact info:

Tony Delgado

RE/MAX Bay to Bay

(813) 493-0882

For sale by agent/broker

Posted: Oct 11, 2012, 1:24pm PDT

Under Contract-South Tampa SoHo District

Tony Delgado — Mon, 01 Oct 2012 21:42:00 GMT

Tony Delgado | RE/MAX Bay to Bay | (813) 493-0882

1301 S Howard Ave # 13, Tampa, FL

Great South Tampa Location-SOHO Area.

1BR/1BA Condo

offered at $64,900

Year Built	1962
Sq Footage	540
Bedrooms	1
Bathrooms	1 full, 0 partial
Floors	1
Parking	Unspecified
Lot Size	Unspecified
HOA/Maint	$277 per month

DESCRIPTION

Great 1 Bedroom 1 Bath Condo is the SOHO area of South Tampa. Walk to dining, bars, shops, and the Bayshore Blvd. Close to Hyde Park and Downtown Tampa. Great opportunity.

see additional photos below

PROPERTY FEATURES

- Living room	- Refrigerator	- Stove/Oven
- Central A/C	- Central heat	- Gated property
- Off-street parking	- Hardwood floor

COMMUNITY FEATURES

- Swimming pool

- Off-street parking

- Small building

ADDITIONAL PHOTOS

Photo 1

Photo 2

Contact info:

Tony Delgado

RE/MAX Bay to Bay

(813) 493-0882

For sale by agent/broker

Posted: Oct 1, 2012, 12:41pm PDT

Home sales in the Tampa Bay area fall 9%, but it's not due to a lack of demand.

Tony Delgado — Fri, 28 Sep 2012 22:39:00 GMT

It had to happen at some point. The inventory of homes for sale in Tampa Bay has been steadily declining over the past 3 years. In September of 2009, there were nearly 28,000 homes for sale in Hillsborough, Pinellas, and Pasco counties. Fast forward to 2012 and that number has dwindled to just over 14,000 houses on the market.

In September of 2009, the number of homes that sold and closed in the Tampa Bay area was 2,833. This month over 3,300 properties closed. Half the inventory and over 500 more sales. That’s a good indication of a recovering Tampa Bay real estate market.

Home sales are 30% higher than 2 years ago and 40% higher than the same time in 2008.

There is still only a 4 month supply of homes for buyers in the Tampa Bay area, and the biggest reason the supply is that high is the thousand or so foreclosures that become available for sale on a monthly basis.

There was a slight scare last week when news started circulating that a large Wall Street investment firm-Blackstone-was looking to spend a billion dollars buying up distressed Tampa Bay properties. Homebuyers are having a difficult enough time finding a house as it is, and in many cases are paying above the asking price in order to get the property they want.

Fortunately that news, which was circulated by a local realtor who supposedly had ties to Blackstone, proved to be inaccurate. An investor that big could cause major problems for local home buyers.

The good news for homeowners is that prices are steadily increasing as the inventory is depleted.

There are still many Short Sales available in Tampa and the surrounding communities, but the number for sale dropped for the 7^th month in a row.

Foreclosures across the Tampa Bay area dropped slightly as well, but are still higher than they were 6 months ago, a sure sign that banks are moving to get some of these houses off their books.

The number of negotiated and closed Short Sale properties remained about the same as it was last quarter-10% of the pending sales closed in the 30 days tracked. I had expected that number to rise, but all signs seem to be that the banks will continue to take their time approving these types of sales. Almost Three Quarters of the homes currently under contract are Short Sales.

New home builders in Tampa Bay continued to sell homes at a steady pace and there are more new houses under contract and scheduled to close than there were last month.

Available foreclosures in the Tampa-St. Petersburg-Clearwater area dropped slightly from last month, as did the number that were sold and closed. But pending bank owned properties are higher, and the trend of buyers snapping these homes up almost as soon as the hit the market continues.

The Monthly Stats:

Pending sales fell for the 4th month in a row.

10% of the Short Sales under contract closed.

The median sale price of a home in Tampa Bay was $120,000, down $5,000 from last month.

Distressed properties accounted for 40% of all home sales over the 30 day period tracked. This number reversed a 3 month trend.

Pinterest in Tampa Bay

Tony Delgado — Wed, 26 Sep 2012 22:36:00 GMT

TAMPA — Women’s clothing store Penelope T Boutique has been active on photo-sharing website Pinterest since early this year.

Penelope T’s online “pinboard” features pictures taken by staff, advertising images and vintage magazine images. The “pins” showcase trends and fashion ideas based on clothing that Penelope T sells.

“Pinterest is a way to describe a trend in detail visually. People can see the ways that celebrities wear it,” said Penelope T co-owner Nickie Riley.

Pinterest, a content sharing website, launched in 2010. Its users can assemble and share images they collect online and peruse the pinboards of others.

Companies that have found the most success on Pinterest use it to promote a lifestyle that products fit into, rather than the product itself, said Kate Whatley, account director with Tampa digital advertising agency Social Forces.

“The approach is to create ‘lifestyle inspiration’ types of boards so people are sharing ideas rather than individual products,” Whatley said. “Pins get a lot more traction that way.”

Pinterest is still “very niche,” she said.

A Tampa residential real estate agent uses Pinterest not only to advertise homes for sale, but to showcase lifestyle options and DIY projects.

Tony Delgado, a Realtor with RE/MAX Bay to Bay, has sections dedicated to “Home Projects DIY” and “Things to do in Tampa Bay.”

People looking for houses will visit a real estate search website, but a Pinterest page is a way to engage potential homebuyers and sellers.

“The whole key is to try to get that brand out there and get more people to come to me if they want to buy or sell a property,” Delgado said.

“People love animal photos and that is a specialty for Busch Gardens,” said Lauren Cresta, interactive marketing manager.

Because “Pinterest lends itself well to seasonal images and holiday photos,” Howl-O-Scream, Busch Gardens’ annual Halloween event, will have its own Pinterest page this year.

Another benefit of using Pinterest is that it leads people to Busch Gardens’ blog.

“We’re pinning photos from the blog and the hope is that people see these images and link to our blog site,” Cresta said.

Pinterest is not only growing virally, it offers users traction on search engines like Google.

“Pinterest quickly took off, not only from viral views, but we also found search engines like Google picked up Pinterest posts, which gave customers more visibility,” said Kevin Hourigan, president and CEO of Bayshore Solutions.

Customers using Pinterest often are in the business-to-consumer markets. Those include apparel, hospitality and restaurant companies.

To these customers, Bayshore Solutions provides guidance on how to create and administer a Pinterest page, and how to post with greater value.

“Viral growth is important because it shows others with likeminded interests are using this web destination to share,” Hourigan said.

Margaret Cashill

Staff Writer- Tampa Bay Business Journal

Amendment 4 and the Tampa Real Estate Market

Tony Delgado — Tue, 18 Sep 2012 22:01:00 GMT

An amendment that would affect property taxes in a positive way for current and future homeowners in Florida has been put on the November 6th state ballot as a legislatively-referred constitutional amendment.

Amendment 4 is a great deal for Tampa Bay homeowners, first time homebuyers, as well as commercial and rental property owners.

The proposed amendment would prohibit increases in the assessed value of homestead property if the fair market value of the property decreases and reduces the limitation on annual assessment increases to non-homestead property. For first time homebuyers it provides an additional homestead exemption.

Under the current law, taxes on your home can be increased, even if the value of your property goes down. This is a flaw in the 2008 Amendment 1 that was voted on and approved by Florida voters. At the time, I argued that this would mean higher taxes on home owners, even as properties lost value. That point seemed to be lost on voters.

Non-homestead or commercial property would have their assessment increases capped at 3 percent per year instead of 10% under the 2008 law. According to reports, this will put non-homestead or commercial property owners in line with the benefit received by homestead owners.

The measure would also implement an extra homestead exemption for first-time buyers equal to 50 percent of the median home price in the county. This additional exemption would be gradually reduced until it expires within 5 years.

The amendment requires 60% voter approval for adoption.

As a first-time home buyer you get a property tax break that would save $1,000’s of dollars.

Property owners who don't claim a homestead exemption, including investors, businesses, and owners of rentals and second homes would save a substantial amount of money as well, since any annual increases would be capped.

There are some government officials complaining that the cost of this will require more cuts to services offered by cities and counties, but studies show that the Amendment would have little impact on the portion of property taxes that pays for public schools and Counties would still have the ability to raise millage rates if they feel that the amendment will cut too deeply into their budget. That move could prove to be unpopular.

Support in the Legislature is strong, and most believe Amendment 4 will help attract businesses to Florida by making property taxes more manageable without huge yearly increases. Florida Realtors say will boost home ownership.

Ben Fairbrother of the TaxYourAssetsOff campaign said that Florida's housing market, “has suffered because many potential first-time buyers have left the market in the wake of the housing crisis.” He says the added incentive would boost demand and increase the number of first time buyers and help with the recorvery of the Tampa Bay real estate market.

Florida Realtors agree that lower property taxes would lead to more home sales. Florida TaxWatch has projected that the amendment would result in the creation of about 20,000 jobs and boost home sales by more than 320,000 properties during 10 years.

Amendment 4 is an attempt to reduce inequities produced by the state's current property tax system, particularly that which resulted from the Save Our Homes amendment in the 1990s and Amendment 1 of 2008.

It capped annual assessment increases for primary (or homesteaded) homes at 3 percent. Over time, that has caused recent home buyers to pay increasingly larger tax bills than longtime owners, even on homes with the same market value.

Other long-term impacts of Save Our Homes: owners of non-homestead properties, like second houses and commercial and rental properties, have paid more to make up for savings that have gone to primary homeowners. And owners of homesteaded properties were discouraged from moving because they would have lost their increasingly considerable tax advantage.

Amendment 4 provisions:

• Reduce the 10 percent cap on increases in property values on non-homesteaded properties to 5 percent.

• First time home buyers, defined as those who have not owned a home in Florida in the past three years, would receive an additional homestead exemption on half the appraised value of their home (up to $150,000), phased out over five years.

• Allows the Legislature to repeal Florida's "recapture" rule. That allows the taxable value on Save Our Homes parcels to rise even as property values decline, if the home is still assessed below market rate.

All in all, Amendment 4 looks like a winner for all property owners in Tampa Bay and across the State.

Buying A Home Is Cheaper than Renting in Tampa Bay

Tony Delgado — Sat, 15 Sep 2012 19:40:00 GMT

According to a recent study by a Trulia economist- you can save hundreds of dollars a month by buying a home instead of renting – especially with today’s low mortgage rates. If you itemize your tax deductions and plan to live in the home for at least 7 years, the cost of renting versus owning is substantially higher.

Several key market factors affecting the cost of homeownership were taken into consideration and the study found the following:

Home prices have started to rebound and have risen by 2.3% year over year in August, however rents have risen more (4.7%). This means that prices are lower relative to rents than they were a year ago.

More importantly, mortgage rates have fallen: the best rates this summer have been around 3.5%, while last summer rates were closer to 4.5%.

Based on asking prices and rents during the summer of 2012, buying is now 45% cheaper than renting in the 100 largest U.S. metros, and on average – that’s a savings of $771 a month. If you plan to stay in a home for 7 years, which is the average time that Americans traditionally live in a home before moving again, it is more affordable to buy than to rent in ALL of the 100 largest metros in the U.S.

The report says that buying is 24% cheaper than renting in Honolulu, 28% cheaper in San Francisco, and 31% cheaper in New York. On the other end of the spectrum, homeownership is extremely affordable in Detroit, where buying a home is 70% cheaper to buy than to rent, and 63% cheaper in both Oklahoma City and Gary IN.

The monthly cost of Homeownership in the Tampa Bay area is $594 versus renting which is $1,393 a difference of 57%.