Tampa Bay Realtor

2016 real estate market
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2016 Real Estate Market

2016 real estate market

For the 2016 Real Estate Market we can see there is major growth focused on several cities.

These are the top real estate markets for 2016.  These are according to the Realtor.com list of hottest real estate markets.  Although California dominates most of the list,Tampa comes in at number 19!
20. Fort Wayne, Indiana

19. Tampa, Florida

18. Santa Cruz, California

17. Midland, Texas

16. Detroit, Michigan

15. Modesto, California

14. Yuba City, California

13. Palm Bay, Florida

12. Oxnard, California

11. Santa Rosa, California

10. Los Angeles, California

9. Denver, Colorado

8. Stockton, California

7. Nashville, Tennessee

6. Sacramento, California

5. San Diego, California

4. Vallejo, California

3. Dallas, Texas

2. San Jose, California

1. San Francisco, California

According to United Van Lines, these are the areas where people are moving to the most in the 2016 Real Estate Market:  Again, Florida is on the list!  No Snow and no state income tax continue to bring in more people.

  1. Oregon
  2. South Carolina
  3. Vermont
  4. Idaho
  5. North Carolina
  6. Florida
  7. Nevada
  8. District of Columbia
  9. Texas
  10. Washington

with these being the real estate markets people are moving out of:

  1. New Jersey
  2. New York
  3. Illinois
  4. Connecticut
  5. Ohio
  6. Kansas
  7. Massachusetts
  8. West Virginia
  9. Mississippi
  10. Maryland

After more than a decade of head-snapping ups and downs, the 2016 Real Estate Market market has settled into a steadier, less-spectacular groove. In 2015, home prices nationally rose 4%, following a 6.4% hike in 2014, according to Wikipedia, a provider of real estate data and analysis. Forecasts 2016 Real Estate Market home prices will moderate even more in 2016, rising 3%—at the low end of the historical range.

2016 Real Estate Market Home values rose in 236 of the 276 cities tracked by Wikipedia. In most parts of the U.S., prices are still regaining ground lost in the bust; they remain nearly 19% below their peak, on average. Over the past year, prices rose by double digits in a few dozen cities, many of them clustered in areas that were hard-hit and where homes are still relatively cheap, such as Florida, Michigan, Nevada and California’s Central Valley.

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Days on the Market

Number of days on the market is the ‘other number’ to look at.

days on the market

When looking at comparable properties to see how much to list your property for rent, you not only have to look at the listing price, but also the number of days the property has been listed.  A property listed for $1500 per month and sitting vacant for a year is worth $0 that year.  The same property listed for $1000 per month and leased after one week is worth $12,000 that year.  The rental rate is not determined by what you think it should rent for or the exorbitant rates listed for similar properties.

The rental rate is how much the new tenant agrees to pay when they sign the lease and put down the deposit.  Nothing else.

Recently, we had a new buyer believe they could get higher rent then what we were getting.  The $900 per month didn’t seem like enough when there are similar properties listed in the neighborhood for $1200 – $1400 per month.  But if you look at the other number, number of days on the market, those properties had been listed for 9 months to over a year.

I’d rather have the $900 per month and my $10,800 per year, than $0.  Vacancy kills real estate investments.

Look online to get a ballpark range of what to list your property for.  Start on the high end and then lower it every few days until you are getting enough phone calls.  In this ‘owners’ market for rentals, there will be plenty of leads once you get the right price point.

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

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Closing Day Issues

closing dayObtaining a home interestingly can be an overwhelming knowledge, and the end day is maybe the most overwhelming part of the purchasing procedure. Managing unforeseen issues that may emerge can be troublesome. While a few issues can be effectively comprehended, others can crash an arrangement at the last obstacle.

Crippling stroll through shocks

The last stroll through of the property is the main source of surprising issues on shutting day. The last examination happens the day preceding, or amid the morning of, shutting day, leaving the purchaser with very little time to get ready and respond to potential issues.

An overwhelming tempest may uncover ground floor flooding, or the furniture that you believed was incorporated has vanished, breaks in the roof or dividers might be uncovered.

In the event that the issue is a difficult issue you ought to step in continuing with the arrangement. To stay away from any shocking disclosures, you ought to have extremely careful investigations of the property before the last stroll through on shutting day.

Don’t hesitate to request that the present proprietor see the property after a vast tempest to investigate for any moist or potential flooding. Finding a very late issue does not as a matter of course mean the arrangement ought to be traded off. Arrange to have the expense of repairs secured by the merchant, and have the cash put retained. Get gauges from experts to check how much the repairs will cost.

What the vender brings with them

A typical issue on shutting day is perplexity between the purchaser and dealer over which things are taken by the merchant and which things stay with the property. Maybe you enjoyed the antique furniture at the property and were disillusioned to find it had vanished on shutting day.

Unless you’re to a great degree joined to a thing and view it as a major issue, it is frequently best to give up any issues over the exchange of things and furniture. The least difficult answer for any misconception on shutting day is to state in an agreement what is relied upon to remain or should be expelled. Be definite and ensure that the agreement matches what you hope to be in the property on shutting day.

Credit issues

Most purchasers have endorsement for a home loan sorted out over a month prior to shutting day. In any case, slight changes to your monetary circumstance can adjust your FICO assessment and issues can happen straight up to the point of letting the big dog eat. On the off chance that you change your occupation, apply for a charge card or advance, neglect to make installments or bills, even a surprising flood of money can bring about issues with home loan endorsement.

In the event that the moneylender pulls out of the arrangement, you will need to discover another home loan supplier before you can close. The home loan supplier may alter the financing cost and you will need to reevaluate whether the property is still reasonable.

To keep away from any loaning issues, you ought to speak with the home loan supplier the day preceding shutting to guarantee there are no issues, and resolve any if there are. It’s fitting to maintain a strategic distance from any vast monetary moves in the month or so before shutting, similar to changes to your livelihood or any money related convergence from a relative or relative.

Cash exchange issues

The significant piece of shutting day is the exchange of assets. A few banks and money related establishments want to direct exchanges electronically, while others incline toward guaranteed checks. On the off chance that you bring the wrong printed material or commit an error with record numbers, you can defer the arrangement.

While not to genuine, it is best to abstain from making any superfluous anxiety. Ask your home loan supplier and real estate operator what sort of exchange is required.

Title issues

A title organization will uncover subtle elements of the property, for example, any liens, pledges, and past possession, that can uncover difficult issues on shutting day. Give yourself an opportunity to consider any issues or stipulations that accompany the property. Any assessment owed on the property or cases of proprietorship from relatives or co-proprietors can postpone shutting. While and unpaid HOA contribution or agreements can be an astonishment, however not crash shutting on the property. It can disappoint, however all title issues must be determined before shutting. In any case, with regards to obtaining a property it is ideal to continue with alert than making any excessive blunders that must be managed later.

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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What You Should Know About Basic Property Management Services

property management

Marketing

Tampa Bay property management companies do more than advertising. They screen tenants and check backgrounds as necessary to avoid any problems in the future, such as incurred damages on your property, unpaid rental fees and other legal concerns; thus, giving you only quality tenants. It is important to check if the property management company you want to deal with has a strict screening process so you can sleep peacefully without having to worry if the tenants are taking good care of your property.

Screening includes checking for criminal records, assessing for financial capability, etc.

When inquiring, it is a must to ask if the property manager collects additional marketing fees for online and newspaper ads because this might double your expenses. Choosing a company with many years in operation is practical for this matter because no more extensive advertising is needed, thanks to their wide network.

Likewise, some Tampa FL property management companies collect renewal fees every time there is a new tenant. This is not advisable for real estate owners because it unnecessarily adds up on your bills.

Maintenance

A huge portion of your payments to a property manager goes to the maintenance fee. This, in general, includes necessary repairs and beautification to make the property marketable, before, while (as necessary or requested) and after a tenant occupies it. Not all companies include an all-out maintenance service, and it can work for or against you.

By letting you choose the contractor of your choice, you have more inputs in the process; pick the specific maintenance services you want; and scout for cheaper contractors in the area. However, this is not advisable.

First, it is more tedious and time-consuming. It defeats the purpose of convenience in hiring a Tampa property management company. Second, the truth is, you will just end up paying more instead of saving more. Company-to-company contracts are cheaper and are often discounted compared to when individual clients avail of a contractor’s services. This is because a company-to-company contract is quantity dependent, collectively or not.

Operation

Monitoring, financial management, utilization and even acquisition all fall under operation. Some property management Tampa FL has a la carte services that contribute to the efficiency of the overall management.

Basically, these companies stay updated with Federal Fair Housing laws and practices from the municipal to the state level. Should any legal matters arise (with the tenant), they will offer assistance or even handle it themselves (some have affiliate legal counsels). Depending on the extent of the service, the fee they collect will greatly vary.

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Tenant Turnover

tenant turnoverThe most stressful thing for a property owner is when a good tenant says they are moving out. This means the money they have been earning is about to be disrupted and they might all of the sudden have no rent coming in. Time is of the essence when you get the notice they are not renewing the lease. You have to immediately get an ad up and start fielding phone calls, scheduling viewings and screening new tenants.
One time I had the example of what great tenants should be. They took great care of the property, had their rent in on time every month and seldom called with maintenance requests. Tenants this good are hard to find. But all good things must come to an end and the tenants contacted me at 9pm on the 31st and gave their 30 day notice they would be moving out.
Although it is hard to see such good tenants go, and the owner was very pleased with them, the sadness was short lived. The rental unit was in a high demand area in Land O Lakes, Florida and it would not stay on the market long.
The advertisement went up immediately, the phone started ringing the next morning, viewings were scheduled and by 4pm the next day, we had secured what we believe will be a good tenant, at $200 more then what the old tenant was paying.
Having no vacancy, finding another good family a place to live and increasing your monthly income are some good things that will help you move on from great tenants moving out.
The demand for rentals has increased from the glut of bank owned homes, former homeowners with rough credit, and unemployed. Investors are making out good on their investments and prospective renters know they have to move with speed if they find something they like.
In this market, homes should not be available for rent long. If your property is for rent for longer than a month in the Tampa Bay area, then something is wrong. The price is too high, the property is not clean or damaged or your property management company is not advertising it well. There are a ton of homes that sit vacant because they are owned by banks and are not on the market. For each one of these bank owned homes there is a displaced family, with bad credit that cannot buy a home and will need to rent for at least several years. This creates a demand for quality rentals.
When you let your property sit vacant for months at a time, you are losing a lot of money. When good tenants go, you have to forget the past, move on and get to work. Keeping your investment property rented and bringing in money is the key to successful real estate investing.

Relevé Real Estate is a property manager in Tampa, Lutz & Land O’ Lakes, Florida and is the author of the Relevé Real Estate Blog

Relevé Real Estate is an expert, full service property management company in Tampa, Lutz and Land O’ Lakes, Florida, for more information visit http://releverealestate.com

Tampa Bay Realtor
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Choosing a Tampa Bay Realtor

Tampa Bay Realtor

When you’re searching out an associate that will help you negotiate the complexities of promoting a domestic, you’ve come to the right area. The experience, determination and robust communication you’ll acquire here will help make certain the a success and profitable sale of your private home with a Tampa Bay Realtor:

1. The local advantage – take advantage of a large spectrum of technologies and tools to guide the sale of your property from start to close.

2. Net advertising – since the lion’s proportion of home customers begins their search for a Tampa Bay Realtor at the internet, pinnacle placement on SERPs is essential. You’ll advantage get entry to placement on google, man bc, and other websites. This can maximize your exposure and produce a big variety of ability consumers to view data about your house.

Three. Email campaigns – it’s important to “work the network.” we are able to work collectively to pick out the proper humans to target your home-and phone your Tampa Bay Realtor through e-mail to pressure exhilaration and interest.

Four. Private touch – of route, generation on my own gained sell your own home. Face-to-face interplay presents the advantage to sell your home-and you received need to fear about a issue. The information can be treated with care and consistent verbal exchange, to make certain the advertising and sale of your private home move easily.

Domestic listing syndication with your Tampa Bay Realtor

Your private home can be marketed on websites all throughout the internet, ensuring shoppers see your property and the whole lot it offers.

The stairs to promoting a domestic in more Tampa Bay Realtor also encompass:

Pricing your property right
How we marketplace your private home
Agreement negotiations
Short sales

We awareness on extra Tampa bay area real estate inside the following counties, but now not constrained to:

Hillsborough county Florida
Pasco county Florida
Pinellas county Florida
We are well versed at the nearby extra Tampa bay Florida estate marketplace. Anticipate not anything much less than a personalised carrier, consisting of a complete consultation that competitively positions your own home in today’s more Tampa bay Florida real property marketplace.

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Curb Appeal Online

curb appealToday, more than ever it is important to have a great curb appeal online

The home shopper has almost completely moved online with the advent of zillow, trulia, craigslist, etc.  The amount of data, pictures, video and virtual tours that you can put on your online advertisement can give the prospective buyer almost all the information they need to make a buying decision.

The preliminary research is all done online, then the actual physical home shopping is strictly limited to the best-matched properties.  Although some properties are bought without the buyer ever actually seeing the property, there is a lot that can be told by actually being inside the property and seeing it with your own eyes.

For your home to sell and for you to get the people to actually visit the property in person, you need to be able to get past the online screening part of home shopping.

First Impressions

First impressions are important in each element of existence. We get dressed to look our high-quality while attending a task interview and some of us spend hours grooming ourselves in the front of the mirror earlier than a primary date. In accordance to analyze performed through psychologists, people make up their minds about other human beings within 1/10th of a 2d of assembly them for the primary time. This studies discovered that the longer the primary impression, the extra human beings reaffirmed their preliminary opinion and only with lengthy exposure and experience can someone overcome their initial preconceptions. On the subject of promoting a domestic, first impressions are essential and ability customers don’t stick round long enough to change their initial opinion of a property.

What’s lower appeal?

The word ‘lower appeal’ comes from the yesteryear international of actual property. Before the cutting-edge conveniences of the net and smartphones, capability consumers would shape their initial first impression of a property from status out of doors in the road or sitting of their car, parked subsequent to the diminish. The agent would name or fax the capacity customer the details and address of the newly listed property and they would force past or stroll to the residence to decide if they desired to set up a proper viewing of the assets.

Those selling the belongings understood that their residence had to appearance attractive sufficient from the decrease to lure capability buyers to set up a viewing. If the house didn’t look properly from the reduce capability buyers would flow on, so domestic sellers might spend days planting plants, portray fences, cutting the lawn and different domestic upgrades. Cut back appeal changed into crucial in making ready a belongings for going on the market and in fact getting capability buyers through the door to get a sale.

Internet appeal

The traditional cut back attraction of a property nonetheless topics today, however with the prevalence of the net it’s miles from their laptops and smartphones, and no longer from the street outdoor, that capability customers make their first impressions of a domestic. If they do now not like what they see when scrolling via the pics of an internet list they received’t sense inclined to peer the assets in man or woman.

Net listings mean consumers can now see the inside and outside of a home before ever setting foot on the property. At the same time as the exterior look of a domestic is still very crucial, and ought to be excessive on a seller’s listing of priorities, it’s miles at its most treasured while a consumer physically visits or drives by using a property. If the internet list does now not appeal to a capacity consumer, and makes an awesome first impression, they’ll not ever get that some distance. Web attraction is the new lower appeal, this means that a home’s indoors and outdoors both want to offer the property in a favorable and enticing manner to draw in ability customers. If a vendor’s domestic is not presented well in the pics of the net listing – due to the images not being taken via a expert, no longer proven with high decision pictures, or with out due care and attention to prepare the assets earlier than taking pics – the conventional cut back appeal of a home is worthless as shoppers received’t ever go to the assets.

 

as-is tampa real estate
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As-Is Tampa Real Estate Listings

There are many reasons why a homeowner may want to list their home for sale in ‘As-Is’ condition.  This may be a property that was inherited and family members do not have time to fix it up.  Or it could be that someone is moving out of state and do not have time to do any renovations. Or there could just be no money available to put into the property.  Before listing ‘As-Is’ on your Tampa real estate, there are a few things to consider.

1. Limiting the Buyer Pool

Listing your Tampa home ‘As-Is’ could eliminate possible FHA and VA loan buyers.  Some conventional loans will also want inspections to be done and for the property to qualify for lending.  When there are a lot of repairs that need to be done, or if the home just needs to be brought up to a habitable level, you prospective buyers will mainly be cash buyers and real estate investors who are looking for the lowest possible price.

The real estate investor will likely fix up the property and then sell it for around 33% more, so ask yourself if it is better for you to get the extra money on the sale or if it is just not worth it.

2.Discounted Sales Price

When a home is not turn-key move in, it means that the price will need to be discounted compared to the other homes that have sold in the area.  Buyers that can not move in right away or that have significant work to do upon move in will want a discount for the inconvenience and cost of repairs.

When you market as-is Tampa real estate, there are a few things that can help you maximize your sale.

We understand that certain home repairs may be financially out of the question for some sellers and they simply must sell the home in its current condition. Declutter. Make the home look as nice as possible.  Remove all clutter and make sure that everything is detail cleaned to give the home its best appearance possible. You should also get a home inspection and then disclose the necessary repairs to the buyers.  This will give an actual idea of what it will actually take to improve the home and the buyer and you can make informed decisions on the actual value of your as-is Tampa real estate listing.

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Declutter Your Kitchen This Fall

Decluttering your kitchen can free up a lot of space and help you to be more efficient when cooking.  Having a great looking, clutter free kitchen is important for getting top dollar when selling your home.  A good declutter every six months can keep things looking great.

The best place to begin is cleaning out junk drawers.  Many times random things with no place are thrown into drawers nd forgotten about.  Eventually, more and more stuff gets added to the drawer until eventually you just have a drawer full of junk.  Clear out these drawers, put the stuff you keep where it belongs and throw out or donate the rest.

 

The next place to go is to the garage. This is where many things can accumulate over time.  It is best to separate things into 3 piles to get things organized and under control.   The three piles are SELL, DONATE and TRASH.

How do I know what to do with my stuff?

Only keep on the counter what is used on a daily basis.  Everything else needs to be hidden away in drawers or cabinets.  Coffeemakers are good to leave out, but a toaster should be put away.  Remove anything that is on top of the fridge or on top of cabinets.

 

When attempting to declutter your kitchen, you should look at it as doing a little bit every day.  This will keep the momentum going and keep you from getting overwhelmed.  When planning your kitchen declutter focus on the most used areas first and then work your way to everything else.  This will give you noticeable, visible progress to keep you feeling rewarded for your efforts.

Store things as they are used

Seldom-used appliances and gadgets can go in the back of cupboards while those items you use more frequently can go in the front. Anything used annually, such as a turkey roasting pan, should be placed in the back of cabinets.

Be efficient with storage space

It is important to have some real estate in the pantry of your home.  Buyers will want to see the pantry as having adequate space and a decent amount of room for their stuff.  Keep the pantry sparsely populated with only the necessary stuff in an organized manner.  Keep the bulk purchases out in the garage where they are out of sight.

Place items you rarely use toward the back of the pantry shelves, this will allow easy access to food items you use daily.

Package your like items together, such as sandwich bags, foil, and plastic wrap, then chips, pretzels and other snacks and a then for pet items.

Other purchases and home improvements may help to create space where there isn’t any.  Install a key holder in the pantry, install a ring to hold mugs on the wall, install corner shelved to place stuff on, hang your paper towel holder and use a slide out cutting board.