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New Condo Law Changes in Florida Effective July 1st, 2017 – What You Need to Know!

New Condo Law Changes in Florida Effective July 1st, 2017 – What You Need to Know!

There were several changes made to Chapter 718, the Florida Statute governing condominiums, and all went into effect on July 1, 2017. While not exhaustive, below is a list of July 1 changes that you may find of interest as you look to purchase a condo here in Tampa Bay: 718.111(12)(c)(1) – A unit renter […]

Hillsborough County Remains a Seller’s Market with Low Monthly Supply of Inventory in April

Hillsborough County Remains a Seller’s Market with Low Monthly Supply of Inventory in April

A key metric we like to monitor when looking at the health of the Tampa Bay real estate market is the Month’s Supply of Inventory (MSI). The generally accepted benchmark for a healthy market, one that favors neither the seller or the buyer, is 5.5 months supply of inventory. Anything higher than that would be considered a buyer’s […]

Why It’s So Important to Get Pre-approved BEFORE House-hunting: Mortgage Minute with Gershman Mortgage

Why It’s So Important to Get Pre-approved BEFORE House-hunting: Mortgage Minute with Gershman Mortgage

If you aren’t planning on paying cash for your new home in Tampa Bay, we HIGHLY recommend getting pre-approved with a responsive, reputable lender prior to your home search. We are currently in a seller’s market where, depending on the price point, homes don’t sit on the market too long. It is imperative we present […]

How’s The Market? September 2016 Market Update for Hillsborough County

How’s The Market? September 2016 Market Update for Hillsborough County

Below you’ll find our September 2016 Market Update for single family homes, condominiums and villas in Hillsborough County. You’ll notice that the median sold price for condos and townhomes in September is up 7.3% compared to September 2015. You can also see that single family home median sold prices are up 11.6% year over year. […]