Hi - Another update on Tampa Real Estate. Lately, we have been very busy trying to find the right property at the right price for a number of cash buyers. There are a large number of cash buyers out there - but they are looking for big time deals.
Most, I would say, are looking for something bank owned. With bank-owned, also know as REO (real estate owned), you can get a substantial discount. Banks are often more realistic in their pricing. They have many properties to sell and they are not personally sustaining the loss.
A few years ago, at the height of the market, the going price for nice homes was around 200 per square foot. Now, many bank-owned are going for approximately 100 per square foot. Wow - quite the difference.
Bottom line: it is an excellent time to take some of that cash you removed from the stock market and use it to pick up a steal on Tampa Real Estate.
Visit our websites at Tampa Real Estate and Clearwater Real Estate
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