Land O Lakes

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.

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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

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.

 

 

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How to Make a CounterOffer

Finding the perfect home can be a trying process to say the least. You’ll encounter a number of houses and people before you finally come across that perfect match. Also, you may find yourself in a situation where you want the home more than the seller wants you to have the home. As heart breaking as this may be, there’s always more fish in the sea, or in this case…houses on the market.

So what can we do if we come across a situation where your offer was rejected? Well, if you’re set on this home then we’re going to have to do a little strategizing. Obviously theres no obligation for the seller to accept your offer if they don’t want to. They can reject your offer for literally any reason. Every seller you come across will have different motivations for selling and thats important to remember. Of course we can’t guarantee that the seller can be convinced to sell at the price point you’re willing to offer so make sure you’re not hung up on a property that just wasn’t meant to be.

Let’s dive right into the 3 best ways you can respond to a seller who has rejected your offer.

1. Don’t over analyze

Your first instinct might be to over analyze why the seller rejected your offer. Don’t spend your valuable time looking up the sales history and tax records and comparing everything the seller’s agent told you with everything you think you know. Before you know it you’ll find yourself in a deep hole more confused then you were at the start.

If you’re offer was rejected its best to speak with your agent and discuss further options. Be open to the idea that this house will remain out of your reach simply fro reasons you can’t overcome. I’m certainly not advocating that you just drop all interest in the house. However, if your first offer was your best possible offer and it was a no go consider moving on. If it wasn’t your best possible offer see option number 2 just below.

2. Go all in

If you made an offer and it wasn’t enticing enough to the seller consider upping your offer. Common practice is to make an offer with some room to increase if need be. So presumably you made an offer with a little room to increase, logically the next step would be to make your next best offer and hope this time you land a deal.

Make it clear this is your highest offer and put it in writing. If they still aren’t interested or they don’t respond to you its time to move on. Consult with you agent before you make your final offer and mentally prepare yourself to move on if it doesn’t go through.

3. Put the home behind you

Purchasing a home is an emotional experience, you might find yourself emotionally attached before you’ve even closed on the house. So its important to put that home out of your mind immediately if your best offer was rejected. Lingering on the home and questioning why you didn’t get it will distract you from finding a new one.

Take this time to reflect on the process and prepare yourself for the next one. Remember some of the features that made this home so inviting to you. Just because you didn’t get this home doesn’t mean you have to sacrifice those important qualities. Certainly not all homes we’re created equal but you’ll always find similarities across the board when house hunting.

So get out there and get to know more houses, each one has something new to offer you! So get out there paint the town red, or your new home red for that matter. Either way try to relax and enjoy the home buying process, as taxing as it may be. Your agent will be there to guide you through the whole process and make sure you don’t settle on a house lacking your dream requirements.

Odds are you’ll come across another home down the line that is even more perfect for you than you had ever imagined. For every seller to reject your offer there is one waiting to close on the house of you dreams. So let’s get out there and start house hunting, your dream home is waiting.

Tampa Bay Rental Home
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Tampa Bay Rental Home Demand

Tampa Bay Rental Home

 

The Tampa Bay Rental Home Demand continues to accelerate.  Contact the local agents at Relevé Real Estate now for expert property management.

The current tenant called and gave their 30-day notice they would be moving out.  Immediately the ad went up and 24 hours later we had an application in on the property for $200 more than what the current tenants were paying.

Although this is a fast example, the Tampa Bay Rental Home demand for rentals has been soaring, where homes in good areas are only staying on the market 2 – 4 weeks.   Many prospective tenants are aware of how quickly properties can go, especially in Lutz and Land O’ Lakes, where they know they have to immediately jump on something they like before it is gone.  Owners are reaping the rewards of their investments like never before.  No vacancy and increasing rental rates are keys to investors success.

From Wikipedia, Tampa is a city in and the county seat of Hillsborough County, Florida, United States. It is located on the west coast of Florida on Tampa Bay, near the Gulf of Mexico, and is part of the Tampa Bay Metropolitan Area. The city had a population of 346,037 in 2011.

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.A 2012 estimate shows the Tampa Bay area population to have 4,310,524 people and a 2017 projection of 4,536,854 people.

If you had a tenant turnover and had your property sitting vacant for a month, then you would have to cough up the money for the mortgage, putting a $1000 –$1500 loss on the books, then it takes you a month to make it up and can kill your cash flow for the year and losing out on Tampa Bay Rental Home demand.

For property managers who manage your property as if it were their own, contact Relevé Real Estate and Property Management.

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Landscaping and Curb Appeal

landscapingYou may see your new yard as a clear canvas, yet ensure you consider your alternatives before you begin burrowing. In this way, you’ve at long last had your offered acknowledged and you’re anticipating getting the chance to chip away at the vision you have for your new yard! All things considered, the terrible news is that the green grass covers horrible soil and unattractive pipes and wiring that have been secured for quite a long time.

While the uplifting news is that there’s still a lot of time to rescue this. The weeds haven’t overwhelm your yard yet there’s still a lot of green life left in that grass. Here we will cover five rules to help you enhance your yard and make an outside space you can appreciate for quite a long time to come.

Get your beds all together

Whether you have new top soil or old earth that has been utilized to fill fixes, your ground will require some work to end up fruitful soil.

It is decent to have an unending supply of free fertilizer, in any case, it takes some an opportunity to normally develop natural manure from the grass trimmings alone. The option is to purchase sacks of fertilizer, with bundled bovine compost (a prevalent decision).

Another alternative is mushroom fertilizer. In any case, this can be hurtful to youthful seedlings and any plants and blooms that are delicate to salts, for example, camellias and azaleas.

Work out the lay of the area

You might need to begin planting the vegetable patio nursery you generally needed when you move in, yet you should ensure you know where is reasonable. Does the spot you have as a primary concern get enough daylight and does it have reasonable seepage to keep it safe from puddles?

To begin with, I would propose that you draw out an outline of your yard. This will help you to imagine what you need and recognize potential issue ranges. Ensure you highlight the ranges that get a lot of daylight and the territories that are for the most part in the shade.

Try not to stress if your graph looks somewhat untidy. For whatever length of time that it helps you to effectively arrange the format of your greenhouse and you can comprehend what you have drawn.

Dispose of any undesirable developer plantings

The developer plantings that are in your new yard may look sufficiently safe, however they might just develop into beasts that cause you a bother later on.

Ensure that you appropriately distinguish the greater part of your current plants, and judge whether they are reasonable for you. A tree that drops muddled leaves on your garden, or organic product that requires gathering can be a ton of work. On the off chance that you abandon them to their own particular gadgets, they can piece depletes and even stain your clearing sections or garage.

Trees with frail wood may snap at a later date and harm your home. While an intrusive types of plant may assume control over your entire greenhouse. A few types of plant are fine when they are in the right area. Nonetheless, in the event that you surmise that it might become too enormous or is found excessively near your home it is best to have it expelled.

Arrangement for what’s to come

What is your greatest need in your yard? Perhaps it’s having loved ones approached appreciate the night?

Attempt to envision yourself, your children, accomplice, and your family or companions, 10 years later on. What will the need in your yard utilized for then?

It may be extremely enticing to go the additional mile and totally redo the entire region with a hot tub and quality arranging/options however don’t use up every last cent on the off chance that you don’t need to. Consider regardless of whether these augmentations will be appropriate for you and your family later on? You can have the greenery enclosure that you have constantly needed, however will you need the same things when your life circumstance changes later on?

Make a begin with groundcovers and some mulch

Weeds are unavoidable in the patio nursery. In any case, inadequately kept up grass and garden beds that need consideration are the ideal reproducing ground.

Mulch is extraordinary for keeping the dirt soggy, so begin with a two-inch layer of mulch. Ensure that you progressively eliminate utilizing mulch inevitably, as it can be costly and even remove supplements from your dirt.

Present crawling phlox or another groundcover species like mondo grass around the edges of your fringes when you plant another bed. Groundcovers stifle weeds and can spare you bunches of cash and exertion as time passes by.

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Preparing for the Appraiser

appraiser prepHome examination time, would you say you are anxious yet? Try not to be, this doesn’t need to be a nerve-wracking background for you. In the event that you utilize the right devices, and go into the procedure very much educated this can be an entirely simple ordeal. The accompanying data will likewise help you make significant additions in your excursion towards your next home.

Did you contemplate up?

Similarly as with most parts of the land procedure, it’s great to get your work done. The examination procedure is truly the same, ensure you’ve investigated the business sector altogether. Probably, your appraiser is a neighborhood who is entirely versed in the nearby market. Likewise, ensure they’re guaranteed, you could run over an appraiser who has yet to get their confirmation.

Home Maintenance

A week prior, or possibly a couple days before the appraiser arrives do one last examination. Ensure everything is spotless and all around sorted out. Try not to wager on something looking “alright” or “holding up” until soon after the evaluation. Make the interest in whatever change should be made. You should think long haul with these enhancements, their effect on your home estimation could be essential.

Check Appeal

Continuously go for the most attractive house on the square when you’re going to get an examination. One of the greatest parts of check bid is the arranging. A lovely home can get dinged by an unkempt front yard with weeds and boisterous grass. At any rate tidy up the front, ensure the garden is cut, weeds pulled leaves gathered and that there’s no waste.

Check the Appliances

Have you checked every one of the machines? Ensure in the event that they’re not new that they’re all running proficiently. A breaking down extensive home apparatus can surely affect your home’s estimation. In this way, if need be you ought to supplant the apparatus or check your guarantee and call the maker to check whether you can have repairs done.

Be a glad proprietor

By this I mean simply demonstrate your house is dealt with in light of your glad possession. We don’t have to go top to bottom on specifics here simply demonstrate you truly think about your home. Pleased proprietorship is absolutely reflected in the nature of the home.

How well do you know your neighborhood?

Before getting your home evaluated it’s imperative to see what the close-by homes in your neighborhood are right now esteemed at. The neighboring home estimations are an exceptionally solid impact on your home’s evaluation esteem.

Make certain to talk about any unordinary circumstances with your appraiser preceding your valuation. In the event that you had a neighbor who moved rapidly and sold his home suddenly for reasons unknown it can affect your home valuation. On the off chance that both you and your appraiser are very much educated on what’s been going on in your neighborhood it will just help you.

Expense does not compare to esteem

We talked about how minor enhancements can have any kind of effect to your home’s general quality. In any case, not each and every change you attempt to make will raise your home estimation. Understanding that will make the evaluation procedure much less demanding. Understanding successful financial return is critical with regards to home estimation. Before you make colossal uses basically for the sake of utilizing your home estimation look into that careful guideline.

Is it true that you are not so much fulfilled?

On the off chance that you aren’t completely fulfilled by your examination esteem, you ought to contact the appraiser. On the off chance that you do have concerns, ensure you have information to approve them. Another choice is to procure another appraiser and get a second examination.

At last, in case regardless you’re not fulfilled you can take your issues to the examination board. Be that as it may, infrequently will two home evaluations completely skewed. Make sure to counsel your operator also, without a doubt they have been included with this procedure before and of course, they ought to be your main wellspring of go to data.

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Get Offers on Your Land O’ Lakes Home

Once you have decided to sell your Land O’ Lakes Home, you must figure out at what price to list it at.  There are many things that can affect the price of the home.  The time of year, buyer or seller’s market, curb appeal, recent sales in the area and how motivated a buyer is.  Getting it right is the first step towards having a successful closing.

Time on Market

If a property is on the market for a long time, this can be a negative factor for home shoppers.  They often wonder why it would be sitting so long, why has nobody bought it, why did sales fall through?  Have they gone through multiple realtors and multiple pending offers?  Buyers can automatically think that a there is something wrong with the home if it has just been on the market too long.  Many sellers make the mistake of pricing their Land O Lakes home to high, which can lead to long times on the market.  You may think that this is giving you some room to negotiate, but it is actually eliminating you from certain buyers searches.

Search Criteria

By pricing your Land O’ Lakes home to sell, you will show up in more search criteria for potential buyers.  For example, if you are hoping to get $310k for your home and you list it at that amount, but you would actually be happy with $300k, you would be eliminating all potential searches of your home by buyers whose budget is $300k.  It is better to show up in as many searches as possible, get potential buyers looking and viewing the home and then you have something to work with.

Just because a home is listed for a certain price does not mean that is what the home actually has to sell for.  The listing price is just the first step in the negotiation.  If there is a ton of interest in the Land O’ Lakes home, buyers can actually get into a bidding war, with your home ultimately selling for higher than list price.  Better to have options in your home sales.

The Price is Right

Work with your agent to get a comparative sales analysis for your home.  The agent will run comps to see what has recently sold in your area and how they compare to your Land O Lakes home.  Many factors come into play as far as the conditions of the home, upgrades, renovations, square-footage, lot size, curb appeal, etc.

Factor to Price

The condition of the home compared to the recent sales in the area gives you the best starting point for listing your home and beginning to get offers to consider.  Have there been any recent improvements to your Land O’ Lakes home?  Many small investments can add value to your home and ultimately your final sale price.  Screening in a porch or adding a fence can give you a significant return on investment.  Installing smart thermostats or smart security features can really make a buyer feel like your home is special.

Work with a Relevé Real Estate agent to price your Land O’ Lakes home to sell and get offers immediately.

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When to Buy Your First Home

When to BuyWhen you’re searching for the comfortable may wind up with a perpetual succession of decisions. House or apartment suite? Rural or downtown area? However, there is one specific decision that pesters a considerable measure of first-time purchasers. Should I purchase a starter property or a home to keep going for a considerable length of time to come?

In earlier decades, first-time purchasers generally went for littler and more reasonable properties. This helped them to assemble a FICO score and to increase some value. More settled mortgage holders searched for bigger properties to give enough space to their companions and youngsters.

A study, directed by Bank of America, found that up to seventy five percent of new purchasers plan to discard the possibility of a starter home and buy a property that is prepared to suit them for a considerable length of time to come. While the more established era of mortgage holders is progressively hoping to scale down their homes.

Where do you fit into the new land scene? The following are a few inquiries to help you buy the home that is ideal for you.

What phase of life am I in?

In the event that you can recognize the phase of life you are in, you can contract your center to locate an appropriate property. Age isn’t as quite a bit of a variable as it used to be. Some more established mortgage holders without kids might need to scale back to a starter home in a dynamic neighborhood, while a more youthful purchaser might need to locate a long haul property where they can raise a family. By the day’s end, discover a property that feels ideal for you.

What sort of property best fits my way of life today?

While you ought to have some thought of what you need later on, don’t be excessively focused by finding a property that you consider to be “the ideal fit” for your vision without bounds. Life has a propensity for evolving course, so practical about what you require in a property.

A starter home is more reasonable for purchasers that have transitional lives. Individuals that change livelihood routinely, move frequently, or have a youthful family fall into this class. In any case, individuals that are searching for a more perpetual way of life and a bigger feeling of nearby group might be in an ideal situation searching for a long haul property than a starter home.

What would I be able to bear?

The truth of the matter is, the measure of cash you can bear the cost of for an up front installment will largy affect the kind of property you settle on.

Starter properties are typically less expensive than the kind of homes that would be perfect for a long haul purchaser. This implies you will require less cash for an up front installment on a starter home. When you are going over your accounts, ensure that you look past the underlying initial installment and variable in different costs, for example, support costs, service bills, link, and other month to month upkeep costs. Considering all your conceivable bills will help you settle on a more educated choice.

Would I like to take a gander at my home as a speculation?

The speculation part of purchasing a home ought to impact whether you search for a starter home or another kind of property. On the off chance that you are not worried with making a benefit on your home and can bear the cost of a property at the top end of the business sector, then a home for the future might be achievable for you. Starter homes are frequently involved for significantly less time per proprietor than their long haul partners. Assuming anyway, you need to attempt and make a benefit when you offer your property, a starter home might be a more appropriate venture opportunity.

It is safe to say that you are thinking about leasing the property later on?

A starter home may not be appropriate for you later on, but rather could be reasonable for a potential tenant. A wonderful aspect regarding a starter home is, they can without much of a stretch be transformed into an investment property and give a potential wellspring of month to month salary. In spite of the fact that, you should choose whether you are keen on turning into a landowner and regardless of whether you can deal with the obligations that accompany it. In the event that you would, this be able to investment property could give an awesome month to month pay that can go towards paying for a home that is more suited to your evolving needs.

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Before You Move in to a Resale Tampa Bay Home

 

There are certain things that are best done prior to moving into your new Tampa Bay home.  Shortly after closing, many new home buyers are anxious to move-in, but then find out many of the things they now want to do are going to take significantly longer.  When a home is vacant, it is much easier to get projects completed like painting, floors, and cleaning.  Here are a few things to give yourself some extra time to knock out, before your moving truck arrives.

Replace all Locks

There could be many keys out there from the house being on the market, realtors, past tenants, former owner, maintenance, etc.  Always replace all locks before you move in to give yourself some peace of mind and safety for your family.  Many digital combo locks are affordable now, so adding one of these can be a convenient, keyless entry for you.

Refresh the Interior Paint

A fresh coat of paint can transform a home and it is exponentially easier to get it done when the home is vacant.  You do not have to worry about moving furniture, working around furniture or getting paint on furnishings.  If you are going to be replacing the floor also, you can paint first and not worry about spilling any paint on the floor.  This will make the whole process of painting go much faster and you will have a home that looks 10 times better.

Get the Floors Done

Whether it is steam cleaning carpets or grouting and sealing a tile floor, it is best to get it done when the house is vacant, and also prior to move-in.  This will remove all dirt and grime from previous owners/tenants and leave the house smelling fresh.  If you are replacing the floor, even better.  You won’t have to work around furniture and it can be done after the painting.

Minor Repairs

There may be some things you are aware of that are in need of repair.  Maybe there are also some minor repairs you find as you really get a chance to look around and inspect.  It is a good idea to make a checklist and knock out the minor repairs by yourself or with a handyman.  If you wait, you may not ever get around to them and then be living with subpar arrangements.

Pest Control

When the home is vacant is the best opportunity to get a pest control expert in there and eliminate all of the bugs.  Doing it before you move in will give you some time to let the home air out.  There are DIY pest control as well, a simple google search can give you many ideas to get rid of your specific pests.

Safety Check

Walk around the house and check the corners, edges, lights, outlets, etc.  Make sure all wiring is good and that the home is safe for you and your family.  It is also a good idea to check out the outside of the home and make sure there are no sharp edges or plants that may be poisonous if consumed.

Taking care of these things prior to moving into your Tampa bay resale will save you time and money.  You will also be able to be comfortable once you are in and not have to have a to-do list hanging over your head.