Bidding Wars For Home Buying Becoming The New Normal In Florida

Bidding wars are becoming very common all over the nation right now in the home buying market. Homeowners are listing homes at a specified price and it some cases, selling for more than $250,000 more than they were asking. Tampa Home Talk’s real estate blog explains what happens in bidding wars for home buying in Florida, as well as through their real estate radio show.

 

We all may have heard of bidding wars before in the housing market happening in places such as California and New York, but it now could be spreading to Florida.

 

Bidding Wars For Home Buying In California Happens Everyday

 

A normal example of a story you may have heard is about Marianne Jackson. Marianne is an eBay executive looking to purchase a home in Oakland, as she currently works near Silicon Valley not far away. She found a 3-bedroom home listed at $699,000. Marianne knew that the current homeowners would not be selling at that price. Instead, she went ahead and offered $200,000 over the asking price, as well as not having any contingencies, and offering to pay in cash. Jackson’s plan of attack worked as she beat out 11 competing offers and closed on the house last month for $900,000.

 

Now just because Marianna Jackson went ahead and offered over $200,000 more than the asking price does not mean everyone has to do the same. Oakland is currently soaring with prices and is a very competitive market.

 

Florida Real Estate Competition

 

Florida on the other hand is a buyers market currently, but may soon become a sellers market as competition continues to come to the state for bidding wars for home buying.

 

More affordable homes and first-time buyers will have to handle the compeition first. Homes ranging from $200,000 to $400,000 are currently facing competition of multiple offers 55 percent of the time in California and New York. Florida on the other hand is still growing and does not have as fierce of competition yet. South Tampa has been the first to head into this competitive housing market though. Homes are receiving multiple offers well above the asking price as contractors and firms plan to plow down the walls and build the lot into a new house or condominium complex. Ybor city in the past month has seen over two-dozen brownstones purchased in preparation to be torn down or remodeled.

 

Home Buying Heads To St. Petersburg-Clearwater

 

As more corporations continue to move their home bases to the upcoming city of St. Petersburg, the housing market will begin to become competitive. There are only so many waterfront properties, and old-Florida homes will begin to be demolished to make way for townhouses and condominiums for employees to call home.

 

 

How To Profit On Bidding Wars in Real Estate

 

Currently, it is a home buying market. Plenty of homes are available for purchase in Florida, as well as renovation, and bidding wars for home buying has not begun yet. Katrina Madewell and the Tampa Home Talk team not only know how to sell houses, but constantly bring in professionals in all areas of the real estate business to make sure homebuyers and investors know exactly how to renovate, keep up-to-date, and maintain their homes.

 

Tampa Bay Real Estate Radio Show – Tampa Home Talk

 

Katrina Madewell is live every Friday morning at 9am on Money Talk AM 1010 bringing in new professionals every week to discuss your questions on Tampa Home Talk Radio Show.

 

If you are in the market for buying a home, selling your home, or just seeing what you can be approved for or afford, Tampa Home Talk is a good place to start. We can provide a wide array of listing with our real estate map on our website, help you contact a mortgage lender, move from your old home to new home, and guide you through the process of purchasing a home, renovating a home, or maintaining your current home.

 

Contact Us to learn more at Tampa Home Talk

Tampa Home Talk Leading Tampa Bay Real Estate Discussions On Bidding Wars For Home Buying

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Lake Padgett Estates East Community | Land o Lakes FL

Lake Padgett Estates East is a GREAT community with NO CDD fees, and LOW HOA fees of only $35 per month with all of these ammenties and more. Homes for sale in Lake Padgett Estates East range from $75,000 to $400,000 with waterfront homes to small 2 bedroom villas.

The community is zoned for Pine View Elementary, Pine View Middle School, and Land O Lakes High Schools, all A+ schools in A rated Pasco District.

Community Amenities

  • Guest Parking
  • Swimming Pool(s)
  • Basketball court
  • Fitness center
  • Recreation Center
  • Clubhouse
  • Tennis court(s)
  • Playground
  • Manager on-site
  • Track for jogging Walking
  • Doggie Park
  • Soccer Field
  • Racquet Ball
  • Member Lounge with pool tables and more
  • Restaurant

 

Lake Padgett Estates East

4533 Savanah Way, FL, Clubhouse # (813) 996-4441, Land O’ Lakes, FL 34639 View Map

Lake Padgett Estates East – LPEE is a Great community to live in, play in, raise your kids in, and enjoy! There are MANY community ammenities for just $35 a month here and NO CDD fees built into your taxes! LPEE offers many things to do. Large community pool, recreation center, member lounge, Fitness Room, Restaurant, 9 lighted tennis courts, walking track, Basket ball courts, Playground, swings, 4 Raquet Ball courts, skateboard pivot, volleyball net, BBQ area, soccer field, doggie run, and more!

FOR MORE INFORMATION ON LPEE AMENITIES OR HOMES FOR SALE IN LAKE PADGETT ESTATES EAST, You can call me, Katrina Madewell at (813) 777-1196 here at Charles Rutenberg Realty.

Details

Asking Price:
$75,000 – $400,000
HOA/Maintenance Fees:
35.00
Subdivision:
Lake Padgett Estates East

Community Amenities

      – Guest Parking
      – Swimming Pool(s)
      – Basketball court
      – Fitness center
    – Recreation Center
      – Clubhouse
      – Tennis court(s)
      – Playground
      – Manager on-site
    – Track
      – Doggie Park
      – Soccer Field
      – Raquett Ball
      – Member Lounge
    – Restaurant

Contact Info

Katrina Madewell
Home Consultant

Cell (813) 777-1196
Dir (813) 936-2302
Email | Website

All information is deemed reliable but is not guaranteed.

Here is a quick walk thru of the member lounge and small view of the other areas mentioned above.

Katrina Madewell Charles Rutenberg Realty (813) 777-1196