No one truly knows how the Coronavirus may impact the real estate market, but one unexpected impact has been the way it has been pushing down mortgage rates, leaving the potential for tremendous buying opportunities.
Whether you are a buyer looking for a new home or a savvy investor looking for a deal, this just might be the perfect time to enter the local real estate market. Here are a few neighborhoods to seriously consider.
Three Investment Neighborhoods to Consider
Established in the 1950s, this trendy neighborhood is located south of downtown. It’s famous for its quaint houses, Lassing Park and colored hexagon block sidewalks. The Bayboro House, a bed & breakfast on Beach Drive, SE, is a city designated historical landmark. Many artists call the Old Southeast home. The neighborhood enjoys a range of housing affordability that’s perfect for first time buyers, downsizing retirees and professionals commuting into Tampa. The Old Southeast is a great place to live or to invest.
This is where you will find the largest collection of American bungalow architecture in Florida. Its brick streets are lined with classic craftsman-style homes with large front porches; monthly porch parties are a staple as well as guided walking tours given by Preserve the Burg. Historic Kenwood is a culturally and economically diverse neighborhood and has a reputation as an enclave for artists. Although it’s “up and coming” status may not last for much longer, the neighborhood still has good investment and buying opportunities.
As the natives say…. keep Gulfport weird! This sleepy beachfront community has a lot to offer when it comes to buying power. You’ll find an array of homes in need of rehab, independently-owned businesses and restaurants and local artists – all perfectly poised to transition.
Timing is Everything
Knowing when and where to buy requires market knowledge and hard work. It goes beyond finding a property for sale on the Internet. Buyers and investors who use the services of a real estate professional find the process more enjoyable, less stressful and most importantly, they have an advocate to negotiate tirelessly on their behalf.
If you are interested in these neighborhoods or any other in St. Petersburg, contact Estelia at Estelia@Estelia.com or 727.686.2859;
The Mesimer Team will set you up for success every time.