3 Secrets for Home-Buying Success in Today’s Red-Hot Market

Published On: August 3, 2022|Categories: Blog, Buyers|Tags: 3 Secrets for Home-Buying Success in Today’s Red-Hot Market, Secrets for Home-Buying Success in Today’s Red-Hot Market|

If you’re buying a home for sale in Tampa Bay, how can you be successful in a red-hot market? This guide explains.

3 Secrets for Home-Buying Success in Today’s Red-Hot Market

Check out these three tips to make your home-buying experience a positive one:

Shop below your price range
Lock in mortgage preapproval before you start house-hunting
Act fast and make your best offer immediately

Here’s a closer look at each.

Secret #1 for Home-Buying Success: Shop Below Your Price Range

with many homes selling at or above asking price, it’s best if you begin house hunting below your price range. That way, you have some wiggle room if it comes down to a negotiation or a bidding war.

Besides, it’s better to shop for homes below your price range because you may end up saving a significant amount of money. Many people find that spending less than they can afford is the smartest route. If that’s your situation, you can take the money you save on monthly mortgage payments and turn it around by putting it into your home. Over time, you can make all the improvements you need to transform your space into exactly what you wanted in the first place.

Secret #2 for Home-Buying Success: Lock in Mortgage Preapproval Before You Start House-Hunting

You should never start house hunting without mortgage preapproval. That’s because when you find a home you love, you need to act quickly. In fact, that’s Secret #3, but more on that later.

It pays to have mortgage preapproval for several reasons. First, most sellers won’t even entertain an offer that doesn’t come with a preapproval letter. That’s because they have no way of knowing whether someone will actually let you borrow the money to purchase their home.

Second, getting a pre-approval letter lets you know exactly how much house you can afford. There are few things worse than thinking you’ll be approved for a certain amount, shopping for homes in that price range, and later finding out – after you find your dream home, of course – that you don’t qualify to borrow that much money.

Secret #3 for Home-Buying Success: Act Fast and Make Your Best Offer Immediately

When real estate markets are slow and sluggish, it’s OK to offer less than your best offer right out of the gate. However, many sellers are enjoying the luxury of having multiple offers within a matter of days of listing a home. That means they can pick and choose to find the offer that’s right for them. It’s in your best interest to make your best offer immediately; that way, you have a better shot at sellers considering you a valid competitor for the home. Remember, other people are putting forth their best offers, too.

Imagine being in the energized urban center of all that Tampa has to offer. Welcome to Skypoint! A luxury high-rise in the heart of downtown. Walk to concerts and hockey games at the Amalie Arena, shows at the Straz Center or the Museum of Art. Dine at dozens of nearby restaurants. Cross the street to Curtis Hixon Park where numerous festivals and events take place throughout the year. Like to stay active? Try a city sponsored yoga and Zumba class in the park, or take in a jog along the new Riverwalk. This well maintained high-rise with low HOA dues includes a 24-hour concierge service, two fitness centers with cardio room & a separate weight room, a heated rooftop pool and hot tub, media room, the 8th floor club level features a theater room, billiard table and full kitchen with entertainment space connected to the tropical like grounds with multiple grilling areas. SkyPoint is very pet friendly & 2 dog parks are located nearby. After enjoying all the Tampa highlights and Skypoint amenities, enter your new home with incredible views through the 10' ceiling-to-floor glass windows and enjoy the fresh air from your private balcony. This one bedroom is well laid out with no wasted space. Granite counter tops, Stainless Steel Whirlpool appliances, Hunter ceiling fans. Bosch washer and dryer included. Thanks to your HOA dues already covering the high-speed internet, water, sewer, and trash, your utility bills are very low. Why rent when you can own for less? Call now to set up your private showing.

$420,000 Active

777 N Ashley Drive 1907 Tampa, Florida

1 Beds 1 Baths 685 SqFt

One or more photo(s) has been virtually staged. Welcome to this stunning, renovated home in the heart of Northdale with views of both the golf course and lush conservation area. Boasting 4 bedrooms, 3.5 bathrooms, a loft space, and a glistening pool, this home is a true gem. The first floor is adorned with 'wood look' tile floors and elegant crown molding, setting the tone for the sophistication found throughout. The expansive layout features a formal living area with vaulted ceilings and a formal dining room with French doors leading to the patio, perfect for entertaining guests in style. The kitchen is a chef’s dream featuring a large island with waterfall countertop, stainless steel appliances, and a built-in cabinet pantry for ample storage. The kitchen seamlessly flows into the family room, where a cozy wood-burning fireplace and additional storage await. Retreat to the luxurious downstairs master suite, boasting a spacious walk-in closet and a master bath with updated natural wood vanity, dual sinks, and a walk-in shower. Ascend the staircase to discover a versatile loft area with additional storage, along with two guest bedrooms connected by a convenient Jack and Jill bathroom. A fourth bedroom boasts its own en-suite bath, offering privacy and comfort for guests. Step outside to your outdoor oasis, featuring a sprawling covered patio and a screened-in pool with spa, all while taking in conservation views straight ahead and golf course views to your right. The conservation provides a feeling of tranquility and privacy. Conveniently located near shopping, dining, and major highways, this home offers the epitome of luxury living paired with unparalleled convenience.

$695,000 Active

4323 Honey Vista Circle Tampa, Florida

4 Beds 4 Baths 2,582 SqFt 0.400 Acres

Step into the exclusive lifestyle offered at 9316 Crescent Loop Circle #109, a distinguished ground-level condo in the sought-after Crosswynde Condominiums of Tampa. This property is a treasure within the community, with its three-bedroom floorplan being a rarity that has seen only one other sale in the last two years.

Crafted for comfort and luxury, the condo showcases nine-foot ceilings and crown moulding that enhance its airy ambiance. The walls, freshly coated in soothing hues, harmonize with the elegant engineered wood flooring that extends throughout the living spaces and into the tranquil bedrooms. The heart of the home, a beautifully updated kitchen, awaits with new greige cabinetry and sleek granite countertops, ready to entertain and impress.

The lanai, a versatile sunroom, promises relaxation and quiet enjoyment amidst views of the well-established Florida greenery. The thoughtful layout includes a secluded master suite with its own en-suite bath, ensuring a private retreat for rest and rejuvenation. Additionally, this unit offers a sought-after convenience rarely found in condo living—a detached one-car garage, adding exceptional value and appeal.

Beyond the comforts of the home, Crosswynde’s full suite of amenities caters to every lifestyle: a Resort-Style Pool & Cabanas for those leisurely days in the sun, a Fitness Center to maintain health and vigor, a Playground where laughter and joy abound, and a Tennis Court for perfecting your game. A Car Care Center adds an element of convenience, while Grilling Areas and Sports Courts, including a Pickleball Court and Volleyball Court, foster community and active living. Not one, but two Dog Parks cater to our four-legged friends, and a Community Garden offers a touch of nature's serenity. For gatherings or moments of leisure, the Resident Lounge is your welcoming space.

Investors will note the strong rental potential of $2200-$2400 per month and with no CDD fees, the opportunity for a sound investment is clear.

9316 Crescent Loop Cir #109 is a property that balances the ease of access to Tampa's bustling center with the tranquility of a private oasis. This condo doesn’t just offer a home, it provides a gateway to a lifestyle of luxury, convenience, and community. Here, life is not just lived; it is experienced in a setting of rare beauty and amenity-rich surroundings.

$250,000 Active

9316 Crescent Loop Circle 109 Tampa, Florida

3 Beds 2 Baths 1,465 SqFt

Welcome to North Bay Village community!! This 2 Bedroom ,2 Bathroom first-floor corner unit offers a modern and comfortable living space. As you enter, you'll notice the tiled floors that run throughout the entire condo, giving it a sleek and polished look.The kitchen is spacious and well-equipped, you'll appreciate the functionality and layout of this space.The master bedroom is a true retreat, complete with an en suite bathroom and a large walk-in closet. This private sanctuary offers plenty of space for relaxation and storage.This condo offers a spacious back porch, which is perfect to enjoying a morning coffee or hosting family and friends, additionally, there is extra storage space available on the porch for your convenience.The HVAC system was replaced in 2023, ensuring optimal comfort and energy efficiency throughout the year.Living in this gated community offers a range of amenities and conveniences. The secure gate provides peace of mind, while the laundry facilities make it easy to take care of your laundry needs. The multiple pools offer a refreshing escape from the Florida heat, and the tennis courts provide an opportunity for some friendly competition. Additionally, the clubhouse is available to rent for private events, providing a great space for celebrations and gatherings.The community also offers water access, allowing residents to enjoy fishing and boating in Tampa Bay without having to leave the community. Assigned parking ensures that you always have a designated space for your vehicle.This condo is conveniently close to shopping, restaurants, and beautiful beaches. It is also within easy reach of Tampa International Airport, Raymond James Stadium, and the Veterans Expressway, making it a great location for those who travel frequently or enjoy attending sporting events. In summary, this updated condo in the gated community of North Bay Village offers a comfortable and convenient living experience. With its modern features, community amenities, and prime location, this condo is an excellent choice for those looking for a place to call home in the Tampa Bay area.
Boat/Trailer parking spaces are available thru the North Bay Village Office.

$179,900 Active

6310 Newtown Circle Circle Unit 10A6 Tampa, Florida

2 Beds 2 Baths 1,068 SqFt 1,068 Acres

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