With all the short sales and Tampa bank owned homes available in the Tampa market area new home builders are forced to reduce prices and offer great incentives to buy a new home. These new homes can be just as affordable as foreclosure homes in which you have to rehab the home just to get it back to a comfortable living situation. If you are in the market for a home I would not count out new homes. We can help you find Tampa new homes for sale and have a list of all the Tampa new home inventory available.
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Those are really good prices. I’m sure that even in these trying times, people would jump on the chance of owning their own home at such a good deal.
That’s interesting to know. Is the real estate market like this everywhere? I’d much rather have a brand new house than a foreclosed one for the same price. Thanks for sharing.
I have seen some really sweet deal in the Tampa area, as well as South Florida too.
Wonderful point to make-it is sad but true, many foreclosed homes get so trashed by their previous owners or vandals that the cost to fix them up to living condition can make the “foreclosure deal” not really a deal.
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My sister-in-law owns an investment home near New Smyrna Beach and was contemplating short selling these properties. However, they are rented out and the rents cover the mortgages so she is going to ride out the real estate slump.
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People typically don’t think of new homes as foreclosure-like opportunities, but that’s just what they are. Jim Toll of Toll Brothers stated in the Toll Brothers August 13, 2009 conference call that Toll had been entertaining offers as low as $400,000 for new homes in Florida that were originally priced at $800,000 then reduced to $600,000. It takes some hard negotiating, but the builders often need to unload their inventory, and the buyers won’t find out how good the bargains are until they start making bonafide offers to buy the homes.
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These are unbelievable prices. Any reason why these prices are low?
SO true. I have seen some good deals as well in Florida
I’m from Detroit and it is a mass exodus here. Real sad how far the market has fallen.
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I just recently saw online that Tampa was ranked as the eighth cleanest city in America by Yahoo! Real Estate in 2008. Forbes said it was the fifth best outdoor city. These things should be promoted by local realtors.
Nice post. Never thought of new homes in the same class as foreclosures; ie purchased with bargaining power, you might pay the same!
I dont know about you guys across the pond, but over in blighty things have certainly picked up, house prices starting to rise, the agents being much busier with new instructions / offers etc.
these are some good prices which everyone can afford easily.very informative post.
We’re finding here in Utah that the new construction homes are some of the cheapest properties available. Builders have slashed costs, and are selling at rock bottom prices just to keep properties selling.
That’s great to know.I just recently saw online that Tampa was ranked cleanest city in America by Yahoo and I have seen some good deals as well in Florida
One problem big builders face is that every sale they make becomes a comparable for all their future sales. If they give a deal it better be the last house they sell in that development.
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This is good to know that there are great deals out there for new homes in the Tampa area. It is a great area to live and I would rather buy a new home than a foreclosure home.
Getting trapped in your own deal. Having more number of options at hand for the property you buy is a wise strategy. This helps one to be prepared for fluctuations in the real estate market. Plans to rent out the house could go awry when the rental market
Its more practical lately to just buy rather than build home. Since the global recession occurred, and dropped the global economy to its lowest, people are looking for alternate ways to acquire the same comfort and security they need for almost half the price.