In 2013, Jamie started a radio show called The Jamie Meloni Real Estate show which aired Mondays at Noon on Tampa Bay's 1250 WHNZ. Then on February 2nd, 2015, he launched the 5 day a week live program, That Business Show which aired for two years from 7am to 9am each morning on 1250 WHNZ. In March of 2017, the program moved to an online web based television show and new episodes aired each morning (pre-recorded) at www.ThatBusinessNetwork.Com with Thursdays being The Real Estate Edition of the program. The program was ended in October 2017 but past episodes remain online to listen to. Jamie has interviewed over 1100 different business professionals and has a vast network of contacts across Tampa Bay and the Country as a result of the radio show / podcast and his extensive success in Real Estate sales. Learn more about the show at www.ThatBusinessNetwork.Com!
The Tampa Bay Real Estate market is poised for big gains this year. Year over year value gains show 10% on average and is 5% higher than the national average. Now is the time to sell! I realize it is cliché to hear a Realtor state now is the time to buy/sell and I’ve done my best to avoid these cliché calls to action to generate business over the past 10 years. Plus most Realtors use them interchangeably depending on who they are dealing with, a buyer or a seller. I’ve always found that practice to be contradictory to ethical standards because it cannot simultaneously be both the best time to buy and sell. It can be a good time to buy and / or sell at the same time in a static market with a static outlook on the horizon but “now is the best time” must be reserved for one of the two sides of the market.
So why is not the best time to sell in Tampa Bay? In short, because demand is there. Couple this with the low supply of inventory on the marketplace makes for a strong seller’s market at this time.
As the Tampa Bay Times reported, values are soaring in Tampa Bay and they appear to have jumped all at once over the past several months which means demand has increased. We’ve had low inventory supplies for the past 3 years but values have only shown modest/steady increases in value, so why the jump? Because more demand is now there. It is reminiscent of year 2005 when we hit a hyper market, a rarity in a marketplace where values increase at rates not traditionally seen. In 2005 and 2006, a home would appreciate by the month versus by the year, sometimes by the day! We all know how that ended up, but not before making many people wealthy. The ones who suffered were the ones who believed then was the time buy which was actually the time to sell and get out.
Another reason that now is the time to sell is because more inventory will begin to hit the market over the coming 2-3 years in excess. This inventory will be the homes that were acquired in massive bulk by investment groups in 2012 and 2013. These groups, based primarily in hedge funds, were buying then because that was when values we are record lows and rents were at record highs. I represented one of the largest buyers in many of their purchases in 2012 and their strategy was to hold for 8 years which is now just a few years away and we are likely to start seeing some dumping of homes by them over the coming years. This release of inventory will increase supply and push down the values or stabilize them.
Filetype: MP3 - Size: 23.23MB - Duration: 25:22 m (128 kbps 44100 Hz)
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