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citrus park
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Investment Perspective: Citrus Park

citrus parkCitrus park is a few miles northwest of downtown Tampa, and only a hop-skip-and-a-jump away from many of the best Bay area attractions. With excellent schools and close proximity to things to do for kids and adults, this suburban neighborhood makes a great choice for families, professionals and well as those looking to retire.

Citrus Park plays host to the only Publix Apron’s Cooking School in Tampa. It is located in the Shoppes of Citrus Park at 7835 Gunn Highway and offers a large variety of classes. You can learn from celebrity chefs, or impress your friends with your knowledge of wine pairing; brush up on the latest cooking techniques, or enroll your teen so they can learn to make more than just Ramen noodles and peanut butter and jelly.

When you need some retail therapy, check out what is considered by many to be the best mall in Tampa, Westfield – Citrus Park. The mall offers dozens and dozens of stores, including Banana Republic, H&M, Macy’s and Simply Mac. You can also find great restaurants like BJ’s Brewhouse and Grimaldi’s Coal Brick Oven Pizzeria. One of the crown jewels of the mall is the 20 screen Regal Cinema, which now has king sized recliners.

If you want to get outdoors in Citrus Park, a great place to visit is the Upper Tampa Bay Trail. This 7.25-mile long paved multi-use trail is great for bicycling, rollerblading, running and walking.  You can even bring your horses here! It also features picnic areas, fishing, hiking and bird watching.

Another unique place to visit in Citrus Park is the Big Cat Rescue, which is one of the largest sanctuaries in the world dedicated to abused and abandoned big cats.  It is home to more than 80 lions, tigers, bobcats, cougars, panthers and other species of large cats.

Citrus Park real estate offers a lot for its residents, including a variety of great neighborhoods where you can find houses ranging from the $100s to over $1 million.

September
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September 2017 Land O’ Lakes Real Estate Statistics

The Land O’ Lakes Real Estate Market Report for September 2017

According to the new data released by the Greater Tampa Association of REALTORS®, the Land O’ Lakes, Florida Real Estate Market is showing signs that 2017 is going to be even more aggressive than 2016.

Market Notes:

This is the first time in several months that we have seen more homes come on the market than selling. Hopefully, this is an indicator of a much-needed boost to our housing inventory.

Let’s take a look at the September 2017 real estate market numbers for Land O’ Lakes:

September 2017 Land O’ Lakes Real Estate Statistics

  • median listing price of $283,ooo for $117 per sq ft.
  • median closing price of $252,000
  • 829 homes for sale
  • 68 homes for rent
  • 43  median days on the market

The Land O’ Lakes Real Estate Market is Strong

September 2017 is usually one of the slower months for real estate sales in Land O’ Lakes as buyers and investors prepare for the spring season, but it was still 25% busier than this time last year. We are finally starting to see an increase in new listings by 34% over last year. This is very good news for homebuyers who have been struggling to find the right house because there have been so few homes on the market. Our hope is that this is an indicator of a more balanced market as we move into 2016.

Get an Advantage

How can both buyers and sellers have an advantage in the Land O’ Lakes, Florida real estate market?  Employ the services of a local Land O’ Lakes real estate agent who has vast knowledge and experience of the market. 

Find Land O’ Lakes Homes for Sale

For a complete list of available real estate in Land O’ Lakes, visit Land O’ Lakes Homes for Sale.  Make sure to subscribe to the blog so you don’t miss out on any Land O’ Lakes homes.

Find out what your Land O’ Lakes home is worth with a home value analysis and contact us to discuss your housing needs. Contact us for Land O Lakes Property Management.

______________________________

These numbers cover all of the neighborhoods in the Land O’ Lakes, FL zip codes of 34637, 34638 and 34639.  All information is deemed reliable but not guaranteed

The above information regarding the “September 2017 Land O’ Lakes Real Estate Statistics” was provided by Relevé Real Estate. We have over 20 years of experience helping people buy, sell, lease and manage properties in the Land O’ Lakes area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

 

 

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Lutz Homepath Properties

Searching for Lutz Homepath Properties

lutz homepath properties

Homepath renovation loans are loans for the purchase of Fannie Mae real estate-owned. If you qualify, you can get a 30 year fixed mortgage around 3.5 percent. Only 3 percent down is needed and they will also finance up to $25k in renovations, and there is no mortgage insurance.

The program is a great deal for first-time buyers or owner occupied borrowers looking to find a great deal on a home they can fix up and own long term.

This will help to improve the local area as owner occupying purchasers are more able to buy property and have the money to fix them up and make them livable.  There is a high supply of homes that were foreclosed on that were sitting vacant for many years and need some TLC.  The Homepath loan can be a great way to buy the right house in the right area and then be able to fix it up and customize it to how you want.

For expert property management in Lutz, Florida contact Relevé Real Estate and Property Management

Security Deposit Refund
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Get Your Full Security Deposit Refund

Security Deposit RefundThe required measure of your store shifts relying upon the neighborhood land market and the state itself. Typically, it’ll be anyplace from a couple of thousand dollars up to three percent of the concurred cost of the property; a few regions may even require up to 10 percent.

The up front installment demonstrates the merchant that you are not kidding about buying the property. Once the assets are kept, they can’t be pulled back or touched without the concurred composed assent of both the purchaser and the merchant. Once the escrow is shut the assets are put towards the parity of the initial installment.

Much the same as the terms and cost of the property, the sum required for the store is debatable. Be that as it may, it won’t be prominent with the merchant in the event that you put down considerably less than what is standard in the nearby market.

You can recover your store however you can likewise lose it in the event that you are not cautious. The following are three top tips to ensure your store.

Know the property

Each house, whether another form or a period home, ought to have an investigation before being sold. You ought to likewise incorporate a possibility in your agreement to guarantee that you are secured in case of any unsavory or unreasonable revelations.

An overseer will look at everything from the rooftop to the establishment. Master monitors can be brought into search for any nuisances, for example, termites, or to go over the warming and ventilation frameworks. Indeed, even shiny new homes ought to be altogether examined.

On the off chance that the investigations uncover any issues, you should choose whether to haul out of the arrangement or continue. Review possibilities are regularly entirely unclear and permit the purchaser some space to pull back from the arrangement and have everything of their store returned.

Composed advance endorsement and examination possibility

You will require composed verification of your advance endorsement, and you will need to ensure the property is not assessed for not exactly the value you concurred with the vender.

You ought to incorporate a possibility proviso that permits you, the purchaser, to get composed affirmation of advance endorsement before advancing with the arrangement. In the event that for reasons unknown, your advance is denied you can leave the arrangement with your store came back to you in full.

Ensure you keep this possibility set up, regardless of the possibility that you are attempting to get composed advance endorsement from your loan specialist. Advance suppliers can, and have, pulled back financing at last. Ensure you stay in touch with your advance supplier, and if important solicitation an augmentation from the merchant. In the event that you close down that you have been affirmed a credit and are later denied subsidizing, you hazard losing your store.

You ought to likewise incorporate an evaluation possibility. In the event that the property is assessed for not exactly the concurred cost with the dealer you ought to keep the privilege to leave the arrangement with you store in place, or at any rate renegotiate the concurred price tag with the vender.

Go over the property divulgences

Most land markets require the merchant to aggregate a rundown of revelations that demonstrate the dealer’s information and experience of owning the property. They are required by law to uncover any deformities, issues, or area issues that have or could negatively affect the property.

You ought to likewise have a chance to survey any open records and reports, for example, the building grant history or ecological danger maps.

After your offer is acknowledged, you ought to be sent the rundown of divulgences. On the off chance that you don’t care for anything uncovered by these exposures, this is your chance to go on the property and pull back from the arrangement.

You should approve these reports and exposures, so ensure that you completely go over the data and continue with alert. Your store will be at danger once you close down, so ensure you make inquiries, ask for extra documentation or reports, and deliberately examine anything that worries you about the property.

Your well deserved money is hanging in the balance

Contingent upon the cost of the property, the purchaser’s required store can be an impressive entirety. In the event that a property cost $400,000, a three percent store would add up to the noteworthy aggregate of $12,000. So ensure that you continue with alert and secure your store as you advance towards shutting on a property.

Land O Lakes Market Statistics
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June 2016 Land O’ Lakes Real Estate Statistics

The Land O’ Lakes Real Estate Market Report for June 2016

According to the new data released by the Greater Tampa Association of REALTORS®, the Land O’ Lakes, Florida Real Estate Market is showing signs that 2016 is going to be even more aggressive than 2015.

Market Notes:

This is the first time in several months that we have seen more homes come on the market than sold. Hopefully, this is an indicator of a much-needed boost to our housing inventory.

Let’s take a look at the June 2016 real estate market numbers for Land O’ Lakes:

June 2016 Land O’ Lakes Real Estate Statistics

  • 165 homes were sold for a 5% year over year increase
  • median price of $225,000 for a 3% year over year increase
  • 327 homes for sale
  • 50% of the available homes sold in the last month
  • 1.99 months of inventory

The Land O’ Lakes Real Estate Market is Strong

June is usually one of the slower months for real estate sales in Land O’ Lakes as buyers and investors prepare for the spring season, but it was still 25% busier than this time last year. We are finally starting to see an increase in new listings by 34% over last year. This is very good news for homebuyers who have been struggling to find the right house because there have been so few homes on the market. Our hope is that this is an indicator of a more balanced market as we move into 2016.

Get an Advantage

How can both buyers and sellers have an advantage in the Land O’ Lakes, Florida real estate market?  Employ the services of a local Land O’ Lakes real estate agent who has vast knowledge and experience of the market. 

Find Land O’ Lakes Homes for Sale

For a complete list of available real estate in Land O’ Lakes, visit Land O’ Lakes Homes for Sale.  Make sure to subscribe to the blog so you don’t miss out on any Land O’ Lakes homes.

Find out what your Land O’ Lakes home is worth with a home value analysis and contact us to discuss your housing needs. Contact us for Land O Lakes Property Management.

______________________________

These numbers cover all of the neighborhoods in the Land O’ Lakes, FL zip codes of 34637, 34638 and 34639.  All information is deemed reliable but not guaranteed

The above information regarding the “June 2016 Land O’ Lakes Real Estate Statistics” was provided by Relevé Real Estate. We have over 20 years of experience helping people buy, sell, lease and manage properties in the Land O’ Lakes area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

 

 

tampa real estate market
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Tampa Real Estate Market Ranked One of the Best

tampa real estate market

The Tampa real estate market continues to grow and is ranked one of the best in the nation.

Tampa was ranked as one of the top markets for real estate investment by CNN money.  Most of the top ten were comprised of cities in Florida.  No state income tax, low-interest rates and sunshine are drawing in investors.

Daytona Beach moved into second while Fort Myers took fifth. Orlando ranked fourth, Ft. Lauderdale number eight and Tampa at number nine. The other five cities in the top ten rankings were Las Vegas (No.1), Detroit (No.3), Warren, Mich. (No.4), Bakersfield, Calif., (No.7) and Rochester, N.Y. (No. 8).

Trends in Tampa show a 7% year-over-year rise in median sales price and a 2% rise in median rent per month.

From Wikipedia, Census data showed an average annual growth of 2.47 percent or a gain of approximately 97,000 residents per year. Between 2000 and 2006, the Greater Tampa Bay Market experienced a combined growth rate of 14.8 percent, growing from 3.4 million to 3.9 million and hitting the 4 million population mark on April 1, 2007.[15] A 2012 estimate shows the Tampa Bay area population to have 4,310,524 people and a 2017 projection of 4,536,854 people.[16]

Tampa was ranked as the 5th best outdoor city by Forbes in 2008.[17] Tampa also ranks as the fifth most popular American city, based on where people want to live, according to a 2009 Pew Research Center study.[18] A 2004 survey by the NYU newspaperWashington Square News ranked Tampa as a top city for “twenty-somethings.”[19] Tampa is ranked as a “Gamma+” world city byLoughborough University, ranked alongside other world cities such as Phoenix, Charlotte, Rotterdam, and Santo Domingo.[20]

Tampa’s climate shows characteristics of a tropical climate but is situated on the southern fringe of the humid subtropical climate (Köppen Cfa/Cwa) zone. Tampa’s climate generally features hot summer days with frequent thunderstorms in the summer (rain is less frequent in the fall and winter), and a threat of a light winter freeze from November 15 through March 5 caused by occasional cold fronts from the north. Average highs range from 70 to 90 °F (21 to 32 °C) year round, and lows 52 to 76 °F (11 to 24 °C).[56]Tampa’s official recorded high has never hit 100 °F (37.8 °C) – the all-time record high temperature is 99 °F (37 °C), recorded on June 5, 1985[56] The highest temperature recorded at Tampa International Airport for the Summer of 2015 was 97 degrees Fahrenheit (36 degrees Celsius), which took place on July 11.[57]

Because of Tampa Bay, Tampa is split between two USDA climate zones. According to the 2012 USDA Plant Hardiness Zone Map, Tampa is listed as USDA zone 9b north of Kennedy Boulevard away from the bay and 10a south of Kennedy Boulevard and along the bay, Zone 10a is about the northern limit of where coconut palms and royal palms can be grown, although some specimens do grow in northern Tampa. Southern Tampa has much more tropical foliage than the northern parts of the city.

Summer

Temperatures are warm to hot from around mid-May through mid-October, which roughly coincides with the rainy season. Summertime weather is very consistent from June through September, with daytime highs near 90 °F (32 °C), lows in the mid-70s °F (23–24 °C), and high humidity.

Afternoon thunderstorms, usually generated by the interaction of the Gulf and Atlantic sea breezes, are such a regular occurrence during the summer that the Tampa Bay area is recognized as the “Lightning Capital of North America”. Every year,

For Expert property management in Wesley chapel and Tampa, Florida, contact Relevé Real Estate and Property Management

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Tampa Bay Living

tampa bay living

Tampa Bay Living, these are neighborhoods laid out in the more traditional sense. I will speak about some of them. South

South Tampa has historic homes, townhouses, condos, and luxury lofts. Everything from festivals to live music and an active night life.

Ybor City. Ybor has “modern and renovated condos, townhouses, and lofts.” Ybor also has restaurants’ and shopping. Looking for the business district? Downtown Tampa is your place. It offers lofts and high rises for places to live in, and with places of interest to see, like the children’s museum. If you want suburban/residential, then you like these areas, New Tampa has lots of ranch style houses and “family friendly neighborhoods” Brandon is a “Typical suburban community” and it has “everything from apartments to homes.”

If you want suburban/residential, then you like these areas, New Tampa has lots of ranch style houses and “family friendly neighborhoods” Brandon is a “Typical suburban community” and it has “everything from apartments to homes.”

Brandon is a “Typical suburban community” and it has “everything from apartments to homes.” It’s like any place, depending where you live will depend on how quiet the community is, or if you are near restaurants, shopping, and bars.” Lithia/Fishhawk Ranch “offers condos, townhouses, ranch-style, and new-bungalow style housing in basically all price ranges, and is a very family oriented community.” It along “

Lithia/Fishhawk Ranch “offers condos, townhouses, ranch-style, and new bungalow style housing in basically all price ranges, and is a very family oriented community.” It a long drive to the hot spots like South Tampa, Ybor, and Channelside.” Finally there is Plant city.

Plant city is known for peace and quiet because the houses are further apart. Which place or neighborhood would you choose from each city?

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Rental Value Tampa

rental value tampa

Determining how much someone is going to be willing to pay for to rent your investment property has become increasingly more accurate.  Rental Value in Tampa Bay can be hard to determine if you are just looking on the web.

Our current software compares actual rental rates of comparable properties in the local area.  The software company has many clients and can run generic reports for actual market value and rental rates.  This is superior to an estimate on Zillow, Craigslist or other listing services, because you find out what people are actually paying, rather than what a property is listed for.

There are many factors involved, but no one really knows how much someone is willing to pay, until they actually pay it.  Then that is how much it is worth.

For example a property may be listed for $1500 per month, but then the owner may cut a deal and end up renting it for $1300 per month.  All listing sites have to go on is the $1500, not the $1300, so you may find your expectations are higher than they should be and you may end up sitting with a property vacant for longer than necessary.  This can work in the other direction with finding that some properties may be underpriced. Reports should be run on your existing portfolio to determine if your rental rates are keeping pace with the current market.  There are many factors involved, but no one really knows how much someone is willing to pay, until they actually pay it.  Then that is how much it is worth.

Many properties are advertising top rents and have been on the market for over six months by their tampa property management company.  From a simple investment standpoint, 6 months of vacancy is going to cost a lot more than renting the unit for $200 less.

Example:  asking rent $1500 per month.  Vacant six months.   $1300 vacant one month.  Over the five months the unit was rented, the owner collected $6500.  Would you rather your property manager make you feel good, tell you your property is great and that they are ‘connected’ and can get top rental value.  Or would you like the $6K in your account?

In the current market, there are record numbers of bank owned properties, that means record numbers of displaced people.  Since supply is low, demand increases and rates are expected to increase.  rent hikes

Vacancy will kill your portfolio.

This way the market determines the maximum amount that your property will rent for.

Hidden Fees
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Tenant Beware: Hidden Fees and Costs

Hidden FeesIn recent years, the rental market has been booming. Data from the most up to date U.S. census shows that, over a 10 year period, the number of renters has grown at its fastest rate since 1965. An increase of around 8.5 million renters in the last decade has seen the competition increase and the pressure grow on both renters and landlords. Tenants face fierce competition to find a suitable and reasonably priced home, while landlords try to get the right rental price for their property in an ever increasingly competitive rental market.

Every landlord is running a business, and like every business they try to maximize profits. Sometimes a property’s monthly rental cost seems reasonable, but the utilities and other hidden fees can add up to a sizable extra cost for the tenant. Listed below are some of the hidden costs and add-ons you should look out for before signing a tenancy agreement.

Utilities

Utility bills are often overlooked by new tenants that are excited to move into a property. To understand the overall rental cost of a property, tenants should take the cost of all the utility bills into consideration. State laws differ when it comes to how tenants are billed for utilities, and what happens in the event of missed payments and utility shutoffs.

Utilities can be part of a total, all-inclusive, rental cost and be billed to the landlord. Other rental properties may require the tenant to have the utility bills in their name. In apartments and flats, master meters are often used by landlords to serve the entire apartment block or building and the tenants are billed individually. This is known as third-party billing and is popular with landlords, as they can advertise a base rental cost, but then charge for the utilities as an extra add-on cost.

Third-part billing regulations

Some cities view third-party billing as deceptive, and introduced legislation to oversee third-party billing. Seattle introduced third-party billing ordinance to cover all residential buildings that contain over three units, in an attempt to combat deceptive landlords from fraudulently overcharging tenants for utilities.

In 1977, the non-profit Tenants Union of Washington State was formed to offer help, information and advice to tenants, in regards to tenancy issues, third-party billing and other issues connected to utility costs.

The advice the organisation offers is not restricted to Washington State. It is advisable that all tenants, regardless of location, follow their advice in regards to utility bills.

– Make sure to ask questions and have a clear understanding of utility services before signing a tenancy agreement

– Act quickly to set up utility accounts

– Always pay utility bills on time and retain all payment documentation

– Take precautions to protect yourself with the landlord

– Try to resolve any utility disputes quickly

Other hidden fees and charges

Some landlords may charge additional fees, other than utilities. Sometimes these fees are optional services and other times they are required by all tenants, depending on the tenant’s specific agreement and situation. These fees can even be related to supply and demand, depending on the competitiveness of the rental market.

Landlords can charge separate fees for parking, and additional costs for any pets at the residence. Landlords may also charge an application fee that must be paid regardless whether a tenant is approved or not.

Condos and apartments that are subject to homeowner’s associations (HOAs), can charge for tenant- occupied units and separate moving in fees. Amenities that are not considered utilities, such as internet access and cable TV, under most state ordinances, may be billed to the tenant as an additional fee from the landlord or HOA.

These additional fees are on top of the security deposit and advanced payment of rent that is required by most landlords, usually the first and last month of rent that is to be paid before a tenant can move into the property.

Need advice?

There are many non-profit advocacy organizations around the country that are able to offer help and advice to tenants. Most states also provide information for landlords and tenants on their official websites. If you are still confused, or cannot find the information you require, it may be worth consulting with an expert that knows the state law and can offer advice and services to help resolve tenancy issues and problems quickly and at an affordable cost.

finding the right home
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Finding the Right Home For You

finding the right home

The rental business sector of today offers a lot of properties to suit the tastes of both city mates and suburbanites. Tenants simply need to work out which area and way of life suits them best.

Is your fantasy rental property a cool townhouse in the heart of a lively downtown area? On the other hand would you say you are more suited to the more casual way of life and extensive properties accessible in suburbia?

Suburbia versus the city has been discussed by potential tenants for a considerable length of time. Suburbia tend to offer better schools, more space, and peace and calm, while the city offers unmatched accommodation, energizing city society, and the cool variable of living in the heart of the city.

Every area has positives and negatives to consider. The most essential component is to pick the area that best suites you and your way of life.

Choosing to Rent Month to Month

Living in the city is extremely well known with today’s leaseholders and the expense of leasing a property downtown may appear to be more costly than the suburbs. Notwithstanding, shockingly the normal month to month rent of a urban property, $1,640, is really less expensive than the normal expense of leasing a property in a rural region, $1,695.

The month to month rental cost clearly relies on upon the area, a few urban communities cost considerably more to live in a urban zone.

Space

Per square foot, suburbia offer more space for your cash. Lutz Homes Urban properties cost $1.22 per square foot, while suburbia are less expensive with a normal expense of $1.04.

What amount of space do you need and what number of rooms do you require? Do you need an open kitchen to get ready dinners, or will a smaller kitchen suffice. Do you mind having neighbors underneath and either side of your home, or do you require a more private property area?

Outside space is additionally a thought. Urban condo once in a while have a housetop deck and a little pool, yet rural properties frequently have a great deal more, and bigger, open air offices.

Do you like getting a charge out of a sunny evening in your own roomy back yard, or is the real trick of relaxing on an overhang and watching the clamoring city life underneath all the more engaging?

City homes don’t frequently incorporate substantial private ranges. Nonetheless, you will be close by to the substantial open parks, exhibition halls and other energizing city areas to visit.

Transport and driving

Do you possess a vehicle? Do you like having the capacity to stroll to the shops, bistros, or the neighborhood bar?

These are contemplations that you ought to consider when choosing where you wish to lease. In suburbia, an auto can be crucial and the expenses of fuel and upkeep ought to be considered in. To what extent will it take you to drive to work and transport associations for driving?

Stopping is less expensive in suburbia than in the city, yet most city tenants regularly needn’t bother with an auto. Most urban zones have incredible open transport choices and can be less expensive and frequently speedier than going via auto.

Rural and city schools

In the event that you have kids that go to class, this can be a main consideration in your choice. All things considered, schools in the suburbs or Wesley Chapel Homes have a tendency to be viewed as superior to anything schools in the city. Be that as it may, this can differ by area and private tutoring is an alternative in the event that you can bear the cost of it.

Way of life decisions

Previously, suburbia used to do not have the way of life and strip malls of the city, however circumstances are different and suburbia offer substantially more than they use to.

Today’s rural areas, particularly rural regions near enormous urban communities, have been forming into places for shopping, eating, and more dynamic interests.

You have to choose what best suits your way of life. Would you like to be inside simple voyaging separation of five star historical centers and energetic late night music and excitement regions? In the event that you do, the city is most likely a superior fit for you.

In any case, in case you’re more inspired by eateries and going to social center points from time to time, suburbia might be more suited to you and your way of life.

Whether you are pulled in to the splendid lights of the clamoring city, or the peace and calm and white picket wall of the suburbs, you have a great deal of components to consider before settling on your choice. Settle on the necessities for your home and neighborhood, what you might want from the area. When you realize what you need and need, you can discover the property that is suited to your city life or rural way of life.