The Tampa Bay area is a hotspot for such a variety of people.  We have everyone from the snow birds that spend the so called “winter months” here (some don’t consider weather that still allows for flip flops winter).  Then there are those that come into town for a Tampa Bay Bucs, Rays or Lightning game or travelers here to see the beautiful beaches and local theme parks.  And last but not least, there we are:  your every day crowd here for work, play and just to live our lives.  I love this area and will most likely always call Tampa Bay home but who would have guessed that outside of the “normal” crowd we are so accustomed to, many celebrities feel the same way about the Bay Area?  You heard me right, fame in the flesh is here in Tampa Bay!  So, who should you be on the lookout for?

Of course we will always have the athletes.  Various Lightning players live all over the Bay.  Some enjoy the exciting beach atmosphere in Clearwater while others like to stay in the South Tampa area, just a short commute to the St. Pete Times Forum.  Then there are the Buccaneers.  You will often spot these guys in International Mall and I don’t doubt that many of them will pay a constant tribute to Leroy Selmon by visiting one of his various restaurant locations.  As for the Rays, you can find them dispersed throughout the area.  While some opt out of purchasing homes due to the schedule fluctuation and possibility of being drafted, you can find many of them renting out some of the luxury high rises in Downtown St. Pete.  And while he may be one of our team rivalries, you can also spot Derek Jeter in the area during Yankee Spring training, as he calls Tampa home as well (pictured above left).

While we do have an abundance of athletes in the area, they are not all we have here.  Tampa Bay is home to its fare share of Professional Wrestlers as well (whom I guess could technically be lumped into the previous field).  Some you may know, including: wrestler gone rapper gone actor John Cena who resides in Tampa, Joannie Laurer “Chyna” in Sarasota, Randy “Macho Man” Savage in Treasure Island, Paul Wight “The Big Show” in Odessa and Barbara Blank “Kelly Kelly” a Jacksonville native now living in South Tampa.  And, of course I wouldn’t leave out the infamous Hulk Hogan who currently has his 17,000 SF Belleair home for sale (pictured above right).

If reading is your thing, thriller author, Stephen King, can be found conjuring up his next book in Sarasota along with AC/DC lead man, Brian Johnson.  And if Ocala isn’t too far of a trip, John Travolta can be reached, but only via his private jet way, please.  The late Oxy Clean/infomercial superstar, Billy Mays called Tampa home as well and I have a feeling if asked what he thought about the city, he’d sell it like he did in the commercials…”You’re gonna love it.  I guarantee ya!”

Basically what I am getting at here is that Tampa Bay is great.  Whether you want to call St. Pete home or opt for Downtown Tampa, there is something for everyone- even the stars!

We have all been starstruck at some point in our lives.  Some become desensitized but to many of us, the excitement of celeb-spotting will never change.  Have you ever met a celebrity in the Tampa Bay area?  Who would you lose your cool over?

The other 60% of the current market are regular real estate sales. So how do they manage to sell their home?   They can sell quickly at today’s market price, and move on to the next property at a great value.  In most cases the properties do not have giant loans or the owners have had the property for many years (over 5).  They can afford to sell their Tampa real estate and are flexible enough to get it done.

If you fall into a situation where you need to move, but can’t sell (either because you’re not willing to take a loss or do not want to harm your credit), then leasing your home to a renter is a very viable option.

In an article provided by MSN, June Walbert of USAA explains some things homeowners should be aware of when renting a property.  This is great advice for any owner considering renting out their Tampa real estate.  “First replace your homeowners insurance policy with rental-home insurance. It covers the building and provides liability protection but doesn’t cover possessions, so it tends to cost about 20% less than a regular homeowners policy.” She also recommends including “a section in the lease requiring your tenants to buy renters insurance, which will cover their liability and belongings.”  In addition, she recommends that homeowners be aware of how reting will affect them at tax time.  “When you file your tax return, you’ll generally report rental income and expenses on Schedule E. You’ll be able to deduct your mortgage interest on the rental property, as well as insurance premiums, real estate taxes, advertising costs to rent the house, rental management fees, utilities you pay, travel to and from the property and legal and accounting costs.”

Smith & Associates Real Estate can assist with listing your Tampa real estate for rent and finding a tenant. We specialize in quickly locating qualified rental clients. Our experts will provide you with rental services that will allow for maximum exposure of your property. The steps would include having a property orientation, preparing the property offering, meeting and evaluating prospective tenants, preparing lease agreements prepared by a Florida eviction attorney ($50.00 fee), advertising, and processing of applications and credit checks. Please inquire with us about our fees. Smith & Associates Real Estate complies with all fair housing laws with applicants.

The 2010 Investment and Vacation Home Buyers Survey  was conducted in March of this year and surveyed individuals who purchased residential property in 2009.  The published results show that vacation home sales are on the rise. 

Vacation home sales increased from 513,000 in 2008 to 553,000 in 2009, which is a 7.9% jump.  In addition, a 10% increase in market share was seen for vacation homes.  “The typical vacation home buyer is making a lifestyle choice,” says Lawrence Yun, the association’s chief economist.  “9 out of 10 said they intend to use the property for vacations or as a family retreat.”

This could mean great news for the Tampa Bay real estate market, specifically in coastal areas.  Clearwater beach homes for sale, for example, are quite common right now with 410 residential properties listed for sale.  An upswing will mean good things for both local property owners and the economy.

According to the report, 1/4 of all vacation home buyers purchased with the intent to rent the property to others.  More good news for the Tampa Bay area is that half of the properties sold in 2009 were located in the South.  In addition, Yun reports that “Prices are going up, and as a result the investors have determined that the bottom has passed.  We are actually staring to see an inventory problem on the horizon for Southern California and Southwest Florida.”

Great news for those owners of coastal vacation home property like Clearwater Beach homes for sale.