Author Archive for: DomresRealEstate

A waterfront South Tampa home that was built speculatively two years ago has sold again — at a 53 percent increase over its 2020 sales price. The home at 38 Sandpiper Road in Beach Park sold for $9.89 million to an undisclosed buyer in an off-market transaction. A deed for the sale has not yet been filed. Jennifer Zales of Coldwell Banker Residential Real Estate represented the buyer; Greg Margliano of Compass represented the seller. Zales represented builder Tulia Homes by Legion Construction…

People who have signed contracts with homebuilders recently may be surprised to see an unexpected line item in their contracts: escalation clauses. While the wording and terms of escalation clauses can vary per contract, their purpose is the same. They require the homebuyer to cover an agreed-upon portion of material and labor costs that increase from the time the contract is signed to the time the build is complete. For example, let’s imagine a homebuyer signs a builder contract for a $1 million…

Sun Belt metros continue to be one of the hottest places for homebuilders throughout the nation, according to a new report that highlights which areas need it the most as inventory continues to dwindle. Seattle-based Redfin Corp. (NASDAQ: RDFN) recently found that 49 of 53 U.S. metropolitan areas with more than 1 million residents issued more single-family building permits per capita in the first quarter than they did on average in the 10 years before the pandemic. While homebuyer demand has started…

Florida lawmakers gave final approval Wednesday to a plan to bolster the safety of condominium buildings, after the devastating collapse last year of the Champlain Towers South building in Surfside.

The 308-unit apartment complex has been sold to a group connected to to Denver-based Treeline Partners.