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The Duncan Duo now offering State of the Art Matterport 3-D Tours for their Tampa Bay & Sarasota listings


There are many Tampa Bay area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here to learn about our “Your Home Sold Guaranteed in 29 Days” program or for a free property valuation so you know what your home can sell for in today’s market. You may also call me at (813) 359-8990 for a FREE home buying or selling consultation to answer any of your real estate questions.


New technologies have emerged in the last couple of years that are taking real estate marketing to another level. If you don’t recall, we were one of the first Realtors in the area that had photographers using drones and drone technology to get aerial views of our listings to show off the property, views or neighborhood. Now, we have purchased our very own Matterport 3-D camera and are offering 3-D tours for homes listed across Tampa Bay. You can see an example below of a recent listing of ours at 14905 Tom Morris Ct in Old Memorial in Tampa and how impactful 3-D Technology can be for the marketing of homes. If you have questions about this technology or our new 3-D tours, you can reach out to us on the websites linked on this page or by calling our Tampa office at 813-359-8990 or our Sarasota Office at 941-822-8228. You can learn more about how amazing 3-D technology for the marketing of real estate by clicking here or here.

Boomerang Buyers that had a short sale or foreclosure may be able to buy a home again in Tampa Bay

 

There are many Tampa Bay area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here to learn about our “Your Home Sold Guaranteed in 29 Days” program or for a free property valuation so you know what your home can sell for in today’s market. You may also call me at (813) 359-8990 for a FREE home buying or selling consultation to answer any of your real estate questions.
 
Andrew Duncan, Tampa's #1 realtor talks to David Diaz of Waterstone Mortgage about Boomerang buyers who are thinking about buying a new home.
   
Boomerang buyers are those who previously had foreclosure or a short sale but are now back in the market ready to buy a new home. So many of them are misinformed or misunderstood when it comes to their ability to purchase again. This may be the reason why a lot of them are not buying because they don't know they have the option to buy. They're afraid that the foreclosure or short sale they did 3 years ago could prevent them from buying.

David talks about the different loan programs - conventional loan, FHAn loan, and VA loan. Although rules may vary between them, as a rule of thumb, 4 years after the foreclosure/short sale, you will be completely good for all of these programs. However, there are instances where you are eligible even before the 4 years are up. Like with FHA, you can do it 3 years out of a short sale or foreclosure or 2 years out of a bankruptcy. VA can be 2 years out of a foreclosure or short sale. Andrew adds that there are also situations where the buyer can qualify sooner as long as they have unusual but very well documented hardships that could be made as an exception. Some of these are death of a major earner, losing your job unexpectedly due to a lay off, or even medical issues. One common question people have is if divorce is one of the exceptions, but no matter how traumatic it may be for some, it is not included in the list of exceptions.

So if you are one of these people, it would be best to get in touch with a great mortgage professional like David Diaz who can steer you in the right direction.



To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sunday at 10 am.

Low Down Payment Options for Tampa Bay Buyers


Today I’m here with Mike Yates from Atlantic Bay Mortgage to discuss loan programs with low down payment options. Money.com recently had an article about lower down payment options for conventional loans, but there are a lot of other options out there. 

For example, Atlantic Bay Mortgage offers a conventional loan program through Fannie Mae that only requires 3% down. Although this program is mostly for first-time home buyers, you can go with an option that is open to other buyers. There is also an income-restricted option. 

VA loans are some of the best loans available on the market. Active duty military and veterans can purchase a home for no money down. Closing costs are covered as well. These loans also have low monthly mortgage payments because you don’t have to pay private mortgage insurance. 

VA loans are the best loans available on the market.

Another loan program that does not require a down payment is the USDA loan. USDA loans are used for purchasing property in rural areas and there are income restrictions you have to meet in order to qualify. Although you cannot buy a property in Tampa, you can get a property in one of the outlying areas. 

Last but not least, consider the FHA mortgage. This is a longstanding mortgage program used by a lot of first-time home buyers that only requires 3.5% down up to a certain loan amount. In our area, that loan cap is $271,050. 

If these programs aren’t quite the right fit for you, there are also down payment assistance programs available for first-time home buyers. You can use this money for your down payment, closing costs, or a combination of the two. In Hillsborough County, you can get $15,000 for your down payment and closing costs, and in Pinellas County, you can get $7,500 in down payment assistance. 

If you have any specific mortgage questions for Mike, you can reach him at 813-343-8551 or send him an email at MikeYates@AtlanticBay.com. If you have any other real estate questions, you can always give me a call or send me an email. We would be happy to help you!