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Condos continue to be foreign buyers’ residence of choice with condominium sales accounting for more than 70 percent of purchases.
In the last few years, International buyers have been largely cash buyers. 91 percent of Canadians who bought real estate property in Florida paid cash,
90 percent of Western Europeans, and 88 percent of Venezuelans, according to the latest international report by the National Association of Realtors.

What is the value of any real estate home or condo in today’s market? When the market is composed of traditional listings with average selling marketing time frames ... it is easy to gather comparable sales data ... that can target what a home is worth to a buyer. Considering the large amount of foreclosures, REO bank owned properties and short sales ... the market has become somewhat skewed. It is more challenging to get a handle on what a given piece of property will command. It's critical that a good agent is contacted and trusted that is in tune with the dynamics impacting values in a given area. Making an appropriate recommendation to a buyer as to a reasonable offer requires professional skill and knowledge.

4/2012 - The single family market continues to be the strength of the market, for the month of March. While single family sales are down 3.1% from March 2011 to March 2012, sales are up almost 32% year to date, and the median sales price is up nearly $12,000 year to date. There was 21% increase in year over year sales in the condo market and as well as a 54% increase in month over month sales. Financing continues to be a problem with cash buyers being 60% to 65% of the market over the last year. Financing will be a key factor over the next year as the real estate market continues its recovery. The pendulum is just starting to swing back towards a seller’s market. With the number of listings so low sales prices have been starting to increase.

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Charles Rutenberg Realty, Inc.1545 S Belcher Road, Clearwater Florida 33764
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Real Estate Investments for Canadians, Brits and European Investors - Note this is Florida buyers market and
the dollars decrease returns increased value to overseas buyers. Many of the units can be purchased for
your vacation and rented for income when you are not using the property. We represent Buyers and
NOT the Sellers. We have a long record of negotiating asking prices down through extensive research
that is relayed to our buyers for consideration and offers. Questions or Assistance - Phone 727-399-1347

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FORECLOSURES AND SHORT SALES - TIME FRAME AND MLS ASKING PRICES - Sellers who are forced out of their homes are usually not pleasant to work with. The bank employees who are just doing their jobs follow procedures that many times keep the buyer in suspense. Because of the large amount of foreclosures, banks are overloaded with work and their response time could be lengthy. Even though they want to sell a home, they will push to get the best price to minimize their losses. They don’t usually play by your rules, they have their own paperwork and time frames. Unlike real home sellers, they’re really “detached” from the properties they sell. They could take 1-3 months just to respond to your offer, and it could take sometimes 6 to 9 months to close a transaction. In most of the cases, their counter-offer to the buyer will be the actual appraised value which could be much more than the asking price you saw in the MLS. Short sales and pre-foreclosures could be a good deal if you have the patience. You may have to be rejected many times before somebody accepts accepts your offer. First time home buyers and buyers with short term move in dates should avoid short sales.

Foreclosure News Archives October 8, 2010 The country’s largest bank, Bank of America widened its investigation into the flaws of the foreclosure procedures. As a result, foreclosure sales in all 50 states were put on hold. The bank previously froze foreclosure sales in the 23 states where foreclosure must be approved by a court. Bank of America, however, stresses that foreclosure process on delinquent borrowers will still push through. The only procedures that they are halting, according are the judgment and foreclosure sales. We haven’t found any problems in the foreclosure process. What we are trying to do is clear the air, ‘We will go back and check our work one more time,’” says Bank of America President and CEO Brian Moynihan. Other banks gave into the pressure as well: PNC Financial Services Group announced it is also suspending foreclosure sales for 30 days. Citigroup, however, refuses to make changes to its foreclosure procedures saying the bank sees no reason to believe that employees are not following proper policies. Ally Financial (previously GMAC Mortgage) and JPMorgan Chase also stopped foreclosure proceedings in 23 states.

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florida real estate mls mfr listings tampa bay My Florida Regional MLS. Enjoy your free search and contact us to assist with your Florida real estate search. Properties are provided courtesy of Pinellas Suncoast Association of Realtors. IDX Listings shown on this web site are broker recriprocity. Real Estate Listings held by brokerage firms other than Charles Rutenburg Realty, Inc. are marked with the Broker Reciprocity logo. All information deemed reliable but not guaranteed. All property is subject to prior sale, change or withdrawal.

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Real Estate For Sale Tampa Bay Florida

Homes Condos For Sale Gulf Front, Waterfront, Investments, Luxury Estates Retirement, New and Pre-Construction

Homes Condos For Sale Gulf Front, Waterfront, Investments,
Luxury Estates Retirement, New and Pre-Construction