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Clearwater Beach Florida
Clearwater Florida Sees More Signs Of Real Estate Recovery |Cost Of Owning Versus Renting Falls Back To Historical Norms
March 8th, 2009 Categories: Clearwater Florida, Homes for Sale, Real Estate Market Reports
Clearwater Florida Owning verus Renting
Clearwater Florida - One popular housing theory is that — before a bona fide housing recovery can begin — the cost of owning a Clearwater home versus renting one must return to historical levels. 
If that belief is a truth, a national return to rising home prices may be in store for 2009.
Falling home prices coupled with falling mortgage rates, too, have dropped the relative, after-tax cost of owning a home to 125% of the cost of renting a home.
This is the exact 18-year historical average and not since 2001 has the gap been this small.
As reported by the Wall Street Journal, though, the study has some flaws. For example, the data doesn’t account for ongoing home maintenance costs, nor does it consider real estate tax bills and insurance policies.
But, combining a relatively low cost home of ownership in the Tampa- St Petersburg - Clearwater real estate market right now. NAR reported that the median home price was $151,500 in the 4th Quarter of 2008 which represents a decrease of over 24.9% in 2008 along with the government’s newly announced $8,000 tax credit for first-time home buyers is likely to convert long-time Tampa Bay renters into never-before homeowners. We’ve been meeting with lots of buyers convinced now is the time to buy their first home.
Related Posts:
- IRS First time Home buyer credit form is here
- IRS gives First Time Home buyers 8000 reasons to buy now!
This, too, is thought to be a key element of the housing recovery.
In many real estate markets (but not all), home prices are expected to edge lower through 2009. Provided mortgage rates stay low, the cost gap between owning and renting will shrink even more.
Thinking of Buying your First Home in Clearwater Florida - We can help
If you have been thinking about buying your first home or condo and haven’t owned one in the last 3 years now is a great time to buy in home in Clearwater
Contact us for a FREE quote and to find out your Tampa Mortgage options and you can search all Tampa St Petersburg and Clearwater homes for sale right now..
Call Us Today at (727) 710-8036 to hear more about how we can help you!
Copyright © 2009 Jack and Cyndee Haydon, Clearwater REALTORS and specializing in Clearwater Florida, Clearwater Beach Florida, Sand Key Florida and Pinellas County Waterfront homes and condos. This article may not be copied, reproduced, distributed, transmitted, displayed or published.
(Image courtesy: Wall Street Journal)
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Buying Clearwater Florida Real Estate Bargains: Bank Owned, REO, Foreclosures - Be Aware, Be Informed!
April 1st, 2008 Categories: Clearwater Beach Florida, Clearwater Florida, Condos for Sale, Homes for Sale, Tampa Bay FL Luxury Real Estate
Clearwater Florida - The number one request we get from buyers is for Clearwater Florida Real Estate bargains for sale. They are looking for Tampa Bay condos or homes for sale that are bank owned properties, foreclosures, in pre-foreclosures or short sales. I must say that this is not a 
process for those who want quick answers or smooth rides. Be aware and be informed! By their very nature, Bank Owned, REO and Foreclosures and buying Clearwater Florida Real Estate in this process is filled with uncertainty and complexity. By understanding what to expect property buyers tell us it can be less stressful and frustrating.
I read 2 helpful blogs today on this topic highlighting how to be successful in buying Clearwater property bargains. These REALTORS are not from the Tampa Bay area however they present info local buyers can definitely benefit from…
Monika McGillicuddy wrote and excellent article about the possible Pitfalls of Buying a Bank Owned Property. She says “foreclosed home or short sale can be a fantastic opportunity to own a home at a greatly discounted price but please don’t go it alone. Representing yourself sometimes can be a costly mistake.”
She also shared how they “closed on a bank owned home recently, after some investigation we were able to track down a former owners property disclosure of the property and while it was from a former owner and held no legal weight it still gave us a glimpse at some information we would otherwise have never known.
Don’t expect the listing agent to do that for you. They won’t. Can you expect a buyer agent to try and track that information down? Yes… but realize that sometimes it’s simply not to be found. But a good buyer agent will make every effort to help the client make the right decisions.”
Maureen Francis, an Oakland real estate agent, also gives home buyers the following 5 tips to buying Foreclosures in her article. They are:
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Clearwater Beach Real Estate | Florida Foreign National Investors Understanding Short Term Rental Permits is Key
December 19th, 2007 Categories: Clearwater Beach Florida, Clearwater Florida, Condos for Sale, Homes for Sale, Luxury Real Estate, Real Estate News, Sand Key Florida, Tampa Beach Living
Foreign National Investing in Clearwater Florida
Clearwater Beach Florida – With the value of the dollar, the current Clearwater real estate buyer’s market and our great winter weather we are receiving calls daily from people in Canada, Britian and even from Russia asking us about investing now in Clearwater Florida Real Estate.
So if you’re someone who’s thinking of buying a Clearwater home or a Clearwater beach condo this winter we thought you’d enjoy this recent article from one of Florida’s Leading Mortgage Brokers, David A. Podgursky on planning for your Foreign real estate investment.
Looking to Buy Real Estate in Clearwater Florida | Clearwater Beach | Sand Key
“Foreign Nationals looking to purchase 2nd home and investment properties in Florida need to look no further than the availability for Short Term Rental Permits if they want to have the ability to rent out their condominium, single family 
house, or townhouse when they are not using it much like they would find in a Condo-Hotel/Condotel.
Many cities have created a licensure process for property owners and developers that will allow a property to be rented more than once within a year and with rental commitments/leases as short as a few days to a few months.
For instance, in Clearwater Florida, all short term rentals must be registered and licensed with the city. The purpose of licensure is to ensure a safe community and to enforce minimum housing and development standards. The property is also required to maintain an occupational license, thus paying additional taxes to the city.
The information about the Clearwater Florida code is available at www.MyClearwater.com or directly by following this link -o-> LINK.
For more information about Foreign National Investments in Florida follow this link -o-> Florida Foreign National Investors | Short Term Rental Permits are Key “ expert from the above mentioned article by David A. Podgursky, MBA .
Clearwater Florida Real Estate in the Sun
Are you looking to buy a Winter home in Clearwater on the water or a Clearwater Florida vacation condo / home away from home in the Tampa Bay area we can help. We can help you find the perfect Clearwater second home or condo. In addition we can help you find a Clearwater area bargain: distressed, pre-forclosure, foreclosures and short sales for waterfront homes and condos. Here’s what some of our past clients have to say about how we helped them….
** CLICK ON PHOTOS BELOW TO SEE CLIENT VIDEO TESTIMONIALS **
Buyers tell us that selecting the best Realtor in Clearwater Beach Florida especially online or from a distance, can be a challenge. Some of our past clients agreed to share their experiences and tell you why they think you should work with us.
Click on the photos below and meet some of our clients and now friends…we’d love to be YOUR choice too! 
The above information and images are Copyright © 2007 Jack and Cyndee Haydon, REALTORS and your Clearwater Beach Real Estate Consultants and may not be copied, reproduced, distributed, transmitted, displayed or published. All rights reserved. Plagiarism will be detected and is punishable by law.
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Want more info – Call us today at (727) 422–8901.
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