Clearwater Real Estate Blog

Greater Tampa Bay Real Estate Blog - Posted by Steel Green (guest writer) on October 1st, 2007

As a first time home buyer this has got to be a frightening yet giddy time in your life. Frightening at first look, because of all the bad coverage in the media about the Real Estate bubbleMoody-Ratings-Fiasco Sep-07 burst or the doom and gloom from the mortgage mayhem. True it has cased the industry to tighten up lending practices and that just means you as a first time home buyer have to do your home work. This is where having a trusted advisor like a Real Estate Professional guide you through the process. Ok now for the giddy part. It is a Buyers market. You might be thinking, well if I wait another month or two the prices will go down even farther and I will get the better deal. Well that really depends on the house you want.

If you are looking for a New Home in Tampa, Builders are bending over backwards to alleviate the excess houses and trim their inventory. However, these deals will not last for ever and as we get into the Holiday seasons these New Home deals will slow to a trickle. As with the existing Greater Tampa home market you will also find many home owners frustrated at the time their homes have been on the market. They will do one of two things. Lower the price one more time in an effort to sell before the Holidays or they will take the home off the Market entirely.

So now is the time for a First Time Home Buyer to purchase a New Home in Tampa. October and the first part of November will also prove to be your best bets for existing home deals in the Greater Tampa Florida Bay Area.