Florida Real Estate and the New Year of 2009!

Happy New Year everyone!!!!

A major concern in the economy today, is the fall of the Real Estate market. One of my goals for this Blog in the coming year, is to give a real life (not media interpretation) of the market here in the Tampa area. I'm not going "Sugar Coat" or be a "Calamity Jane" (as my grandmother called it). Just actual facts. I have noticed that when everyone is made to believe "the sky is falling", they panic. When they are made to believe "the sky's the limit" there is greed. The extremes are what cause such fluctuations. Hopefully by reporting actual facts, we can create reality and stability.

Myth 1: Most homes are destoyed foreclosures.

Fact: There are MANY wonderful opportunities, for qualified buyers. Many of the homes were "flips" gone financially bad. Many of the homes have been partially or fully updated.

Myth 2: Banks are not lending money.

Fact: Reputable banks ARE lending money, to qualified buyers. A Realtor can help you find financing.

Myth 3: You need an astronomical FICO Score to qualify for a mortgage.

Fact: A FICO score of 650 and up is considered good. It ALWAYS has!

Maureen Velilla
Realtor
Century 21 East Lake Realty
www.NotJustAnAgent.com
MaureenVelilla@aol.com