How?

Since the past decade, people have been buying plots of desert land in states like Arizona which was witnessing a veritable building boom. Phoenix was one of the cities raring to go. Speculators who took the bet with Phoenix have been laughing all the way to the bank. Today, Phoenix is still going strong with a building boom which has seen more than 500,000 homes being built here alone.

Investors have been buying acres of land for building ranches and farms and many are spread over an area which is probably double the size of Manhattan. Interstate 10, which is presently housing 15,000 farmers, is about to take off in a major way with housing colonies emerging on either side. Brokers here say that the region will be completely transformed into a metropolis comparable to Phoenix itself.

As the population increases, these fast growing areas will represent lucrative business making opportunities. Growth trends are rife already in Oregon and Washington, and it is estimated that by 2030, the cities of Portland and Seattle might just merge and form one big megapolitan area. Atlanta and Raleigh-Durham are two other cities which in the light of things today may also be joined by transportation, banking, and biotech.

While Americans in the southern and western parts are trying to cash in by buying pieces of land in the proposed boom towns, others elsewhere are speculating on parking lots and underutilized land trying to locate the cheapest property which may yield great returns. Companies like Target and Wal-Mart, which will always head towards areas with growth are also looking at speculating on land and creating a whole host of opportunities.

While land everywhere is being eyed with passion, few territories possess the potential to make a profit and create that storm for growth. Arizona offers building worthy land at low prices and given the continuous water supply from underground rivers, aqueducts, and mountains the new inhabitants can all be taken care of.

However it is silly to speculate on land under conditions prevalent in the congested suburban metros like Chicago, Los Angeles or even Washington. Spiraling fuel costs and trying commutes zoning disasters and delays in approvals can be hazardous to the developers. But the latest trend is to hedge bets on parking spaces given that America has 30 per cent more parking lots than it needs, which may be a reason why many developers believe they’ll deliver the biggest returns.

A burgeoning Latino immigrant population is also a potentially good bet. At a time like this, one does not need to capitalize on the development boom by just grabbing land. One can also start businesses catering to a burgeoning immigrant Latino population which will soon become the fastest-growing ethnic group and the fastest growing group of buyers of services.

While Tampa Real Estate is far away from any real estate boom, our Latino population is growing everyday and many people believe that our area will continue to grow and attract many people from many areas thus making it a sound investment for second home buyers or real estate investors from around the world.

There are tons of Tampa Bay Short Sales and many more are emerging.  They aren’t for the meek and mild however, they can takes months and they can frustrate even the most savvy buyer.  Simpy put you may get to buy the house for less than its worth, as long as the owner’s lender approves.

If the short sales goes belly up, the home goes into foreclosure and some become bank owned properties allowing for maybe even greater savings.  Foreclosures and bank owned property are some of the most popular hits for true bargain hunters and investors who don’t mind a little elbow grease.

New Homes Sales are bottoming out.  Get in on a great deal while builders slash prices to stay afloat.  Many high end homes have some interesting price tags right now with all the bells and whistles you can dream up.

Rental market is changing.  More rentals due to foreclosures and investors not being able to unload homes and condos makes for lots of choices and bargaining power for renters.  Many landlords are taking pets, lower deposits, and short terms to appeal to more renters.

Motivated sellers and bargain thirsty buyers will help to drive up sales and lower inventory throughout the year.  This should help to stabilize the market once again.  Currently, with summer approaching many would be buyers are seriously considering their offers believing that the market is bottoming out.

The Lipply Real Estate team serves the entire Tampa Bay Real Estate area with outstanding customer service.  Our full time agents work everyday and are ready and able to help you with questions, showings, and contracts.  Our website is equipped with a fully customizable Tampa Bay MLS search tool, where you will find thousands of homes.