Channelside Condos Foreclosure-New BANK pricing released-Tampa, Florida

Now for Sale!!  Many of you have been patiently waiting for the new pricing and release of condos in The Towers of Channelside. Now that the bank has taken over, your opportunity to buy at amazingly low pricing is here. towers-of-channelside

FOR A LIMITED TIME ONLY:

Bank Released New Pricing

 Through advanced high-speed connections, forward thinking architecture, and progressive home systems, The Towers of Channelside create a complete living environment offering comfort and flexibility for anyone looking for the best in Tampa Bay.

 Please contact me if you would like to receive the full price list and availability. 

 Rae Catanese

 813-784-7744 or email: realtyrae@yahoo.com

See also: Ventana Condos go to Auction

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Westshore Yacht Club Update-Tampa-Townhomes, Condos & Homes

In August 2008, a U.S. bankruptcy judge approved a relief package for WCI Communities that’s designed to assure homebuyers would not be impacted for future purchasers at the Westshore Yacht Club here in Tampa Bay.  

If you are looking for a great deal this is the time to invest.

This is GREAT NEWS for one of the premiere boating communities on the West Coast of Florida.  Since August, West Shore Yacht Club has created the furious pace of the trading floor with a promotion that has people taking action.  This is a very positive sign for the Tampa Housing Market; especially for those who are looking to invest their money NOW while prices are aggressive.

From Westshore Yacht Club

Unlike some other developments here in Tampa, The West Shore Yacht Club IS selling their townhomes, hi-rise condo tower, and accepting contracts for the single family homes yet to be built. 

More good news…..They are not turning into rentals. Many other developments have caused the people who purchased in the begining to live amongst mainly renters; which is not what buyer’s signed up for originally. 

When you take a tour of the community you’ll notice that the people who are living there are enjoying life and taking advantage of the wonderful amenities this luxurious, resort style community has to offer.  There are so many things to do, you may just decide to stay home and relax on the weekends. 

I love the tranquil Spa! The fitness center is state of the art with views of the water.  They offer complimentary towels, a very nice locker room with showers, blow dryers, and toiletries.  It’s really everything you’d expect a high-end club to be.  There are also 2 heated pools, 2 restaurants, 2 bars, a billiards room and a yacht shop for supplies. 

If you’ve been looking to purchase in South Tampa, you’ll know a single family home is nearly impossible to find under 400K.  Other options are townhomes and condos.  If you need a 3/2 and 2 car garage, approximately 1900 square feet of living space, you may want to consider one of the townhouses or condos for sale at the Yacht Club.  They are solid block construction on all floors, built to current hurricane standards, and have many upgrades like granite, stainless steel appliances and high ceilings. Best of all, these properties are brand new and never lived in.  Another nice feature of the community is that there is plenty of parking for guests.  Something you don’t find in a South Tampa Townhome communities.

This year there have been approximately 35 units sold by the developer due to their very aggressive pricing and incentives.  These Townhomes were once selling for 450-650K two years ago. The same units are now listed for 199K and up.

View Map of Westshore Yacht Club, Tampa Bay

These are the BEST prices we’ve seen in a Tampa Bay waterfront community. 

The Westshore Yacht Club has become a lifestyle choice for many buyers…… “where you live is as important as how you live”.  Isn’t that the truth? 

Please contact us to schedule a showing . Or call Rae at 813-784-7744

Tampa Short Sales makes frontdoor.com top ten Real Estate Nightmares List

Top Real Estate Nightmares

My article for HGTV’s frontdoor.com, Top Ten Real Estate Nightmares, came in at #7 on the top ten list!!

Thanks to my buyers who helped contribute to this article.

Learn how you can avoid these hair-raising real estate horrors

By Shannon Petrie, FrontDoor.com | Published: 9/24/2009

Buying a short sale? Be prepared for plenty of obstacles between you and your home.Buying a short sale? Be prepared for plenty of obstacles between you and your home.
Nightmare #7: Scary short sale buyingDon’t let the name fool you: buying a short sale can be a long, tedious process. Just ask Rae Catanese, an agent with Prudential Tropical Realty in Tampa, Fla., who is representing three short sale buyers. After being under contract for four months, one of the sales is finally closing — maybe.

After taking nearly three months to approve the sale, the bank then took another two weeks to determine that the buyers only had 30 days to close. If the buyers couldn’t close in 30 days, they would be assessed a $1,350 fee and a to-be-determined per diem penalty. “Any mortgage person can tell you that getting a loan to close in 30 days is going to be difficult,” Catanese says. “This is especially true for those that are using FHA financing, which is now taking 45 days.”

Fortunately, Catanese and her buyers were able to convince the bank to give them 30 days to close without the penalties. But the problems didn’t end there. After the lender took nearly two weeks to set up an FHA account and schedule an appraiser, the buyers decided to change lenders, fearing that their bank would not be able to close and they would lose the home. Two days before close, everything seemed to be going smoothly, until Catanese found out that the sellers had received a notice of foreclosure. For the buyers, this means they have until the end of the month — or eight business days — to close on the home before they lose it for good.

TIP: Even under the best circumstances, short sales take a long time to close and may take extra effort from the buyer. If you want to buy a short sale, be sure you have plenty of patience and an agent who has experience with the process.

If you need help buying or selling a short sale home, please give me a call 813 784 7744 or email: realtyrae@yahoo.com Rae Catanese, Real Estate Agent

Towers of Channelside Bankruptcy update-Tampa, Fl

Towers of Channelside

Towers of Channelside

The Towers of Channelside has been in receivership for the past couple months.  Receivership is a form of bankruptcy in which a company can avoid liquidation by reorganizing with the help of a court-appointed trustee.

During that time they have taken most of the condos off the market in order to re-structure pricing.  They are negotiating with the 5 banks that were investors in this luxury high rise; trying to determine what price they will sell the remainder of the units for. I’ve just received the new pricing! CLICK HERE FOR DETAILS

There are several listed as resales, short sales and by the developer, but they represent only a very small fraction of the total inventory.

Please send me an email: realtyrae@yahoo.com  with the subject Towers of Channelside.  You may also reach me on my cell phone @ 813 784 7744 for current availability opportunities.

Home Sales up for Tampa Bay Area!

Home sales were up in March across Hillsborough County as some real estate practitioners hope the housing slump is in the past.

Some 1,400 homes were sold last month in Hillsborough, according to the Greater Tampa Association of Realtors, the best figures since June 2007. The sales were up 25 percent over February and 20 percent from the year before.

The average sales price also is up from $160,145 in February to $168,071 in March, creating sales in Hillsborough of $235.3 million, compared to $179.4 million the month before.

“Our members have been saying they are seeing positive movement in the housing market. These latest statistics prove that they are indeed experiencing a more positive market,” said Carol Austin, GTAR chief executive officer, in a release.

Nearly 17,000 homes still remain for sale, representing an inventory of just under a year. However, that’s the lowest inventory Hillsborough has seen since October 2006, and inventory was more than 17 months just a year ago.

“These statistics are extremely positive,” said Jack Rodriguez, GTAR president, in a release. “Hopefully it signals a trend to better things ahead, both for real estate and the economy in general.”

Search all homes for sale in Tampa Bay

Questions? Call Rae @ 813 784 7744 or email: realtyrae@yahoo.com

Towers of Channelside Bankruptcy Update-Tampa, Fl

towers-of-channelside

TAMPA — Nearly half of the 257 condos at the Towers of Channelside have sold, including one in February to Tampa Bay Rays third baseman Evan Longoria, but those sales still aren’t enough.  The developer of the twin 29-story towers has notified its lender it’s giving up on the project 15 months after it sought bankruptcy court protection and six months after it declared its reorganization a success.

“Unfortunately it’s the economy. It’s bigger than us. It’s bigger than any one person,” said Richard Sacchi, a principal of Towers of Channelside LLC.

If you are looking to purchase a condo or have questions about developments in the Channelside and Downtown Tampa Districts give us a call

813 784 7744 or email: realtyrae@yahoo.com

Home Sales UP 25% in March for Hillsborough County

Still on the fence about buying a home in the Tampa Bay Area?  Here’s some statistics on our housing market.

Home sales were up in March across Hillsborough County as some real estate practitioners hope the housing slump is in the past.lobby 345 Bayshore

Some 1,400 homes were sold last month in Hillsborough, according to the Greater Tampa Association of Realtors, the best figures since June 2007. The sales were up 25 percent over February and 20 percent from the year before.

The average sales price also is up from $160,145 in February to $168,071 in March, creating sales in Hillsborough of $235.3 million, compared to $179.4 million the month before.

“Our members have been saying they are seeing positive movement in the housing market. These latest statistics prove that they are indeed experiencing a more positive market,” said Carol Austin, GTAR chief executive officer, in a release.

Nearly 17,000 homes still remain for sale, representing an inventory of just under a year. However, that’s the lowest inventory Hillsborough has seen since October 2006, and inventory was more than 17 months just a year ago.

“These statistics are extremely positive,” said Jack Rodriguez, GTAR president, in a release. “Hopefully it signals a trend to better things ahead, both for real estate and the economy in general.”

Looking to buy or sell a home in the Tampa Bay area? Give us a call 813 784 7744 or search all homes for sale www.TampaBayDwellings.com

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