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Our guest today was Dale Nabors, an experienced Realtor who has a knowledge of the local Tampa Bay market and has established a positive working relationship with other professionals in the field. Dale is a veteran of 35 years in real estate, specializing in residential sales and relocation buyers at Coldwell Banker Residential Real Estate. He and Jamie have worked together for many years and share a love of the community in Tampa Bay.
The talk in this show focused on inventory issues the market is facing in Tampa Bay. With inventory levels at record lows in the area, values have begun to trend upward at a much higher rate in the past 6 months. The low inventory has plagued the area for 2+ years now but the uptick in values has not been as noticeable as it has been lately in these past few months. Dale and Jamie speak of the jump in values the market saw in 2005 which led to a sharp crash in 2006 and how there are similarities but still many differences. One of which is the regulated environment lenders find themselves in which acts as a natural brake on accelerating values. Before the 2008 financial crisis, appraisers were easily influenced and had a direct connection to loan officers that today does not exist. In addition, Fannie Mae and Freddie Mac guidelines have tightened making the loan process more restrictive, although it has been easing again in the past 1-2 years.
Two great areas to buy now in Tampa Bay are Seminole / Tampa Heights and the Downtown area. With much revitalization going on in each of these communities, investors are seeing some great returns on fix and flips. Tampa was recently highlighted too as one of the best markets to flip homes in too (if you can find one to buy though is the issue) Find that article here.
Dale is also the author of the book, Do What Works, available on Amazon here and is an easy to read book with 85 pages that outlines the do’s and don’ts of Real Estate for both buyers and sellers. Pick up a copy of it here and become a part of Dale’s “Naborhood” today! Give him a call at 813-679-1117 or online at www.dalenabors.com for Real Estate services in the Tampa Bay area! Find this interview and many more from our entrepreneurs and community leaders at www.thatyoutubechannel.com and www.thatbusinessshow.com!