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Tampa Real Estate Blog

  • Homestead Exemption in Florida

    All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify.  The Florida Constitution provides this tax-saving exemption on the first and third $25,000 of the assessed value of an owner/occupied residence. The Homestead exemption in Florida may refer to three different types of homestead exemptions under Florida law: exemption from forced sale before and at death Continue Reading

  • Real Estate Rental Income

    The market is improving but there are still plenty of bank-owned and auction homes for sale due to foreclosures that have finally processed.  During the past 6 months, I have sold plenty of $25,000 – $60,000 homes to investors looking to better invest their funds sitting in savings accounts.  A couple of my clients have even borrowed funds from their Continue Reading

  • Foreclosures, Shortsales, Bank-Owned Properties Explained

    Foreclosure is the process by which a homeowner’s rights to a property are forfeited because of failure to pay the mortgage.  If the owner cannot pay off the outstanding debt or sell it via short sale, the property then goes to a foreclosure auction. A short sale is a sale of real estate in which the proceeds from selling the property will fall short Continue Reading

  • Are They Finally Resurrecting Channelside?

    Looks like this Wednesday will be the bankruptcy auction for Channelside. The top 3 contenders are CBP Development (controlled by Tampa Lightning owner Jeff Vinik), Liberty Channelside, LLC (controlled by local real estate investors Santosh Govindaraju and Punit Shah), and the port itself. My guess is that Vinik will win it. He has a need and desire to want to Continue Reading