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Updated almost 5 years ago,
#2 General Landlording & Rental Properties Contributor
- Real Estate Broker
- Hyde Park Tampa, FL
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Good Time to Buy or Bolt?
#2 General Landlording & Rental Properties Contributor
- Real Estate Broker
- Hyde Park Tampa, FL
Buy or Bolt? This is a question that is posed to me daily by anxious investors. While there are many factors to consider, a good deal is a good deal regardless of economic condition. The real estate market remains vital in Greater Tampa Bay (Tampa/St. Petersburg/Clearwater); our Governor has designated "real estate" to be an essential business due to the housing demand. In just the past five days, 595 residential properties and 14 Multi-Family properties went under-contract ("pending") here. In addition, there are more than 5000 residential properties and 89 Multi-Family that are currently pending and moving forward to closing.
While I'm sure this is not the case in all market (and I would appreciate hearing about yours), it is important to remember that the virus won't last but "dirt" will. Stay safe...