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Property Management

flipped home
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Buying a Flipped Home

flipped homeEach home proprietor needs the best arrangement when they at long last choose to offer their home. It’s each homeowner’s fantasy to see an offering war follow. Shockingly, most homeowners wind up settling for normal or even beneath normal offers as indicated by most real estate specialists. What most home venders neglect to perceive is; getting an awesome arrangement doesn’t involve luckiness, timing or even area. It has more to do with being furnished with the right information concerning the brain research of a home purchaser and showcasing the quality to your home. How about we get directly into it and talk about the key to offering your home for more than the asking cost.

1. Request less to get more

This is by a wide margin one of the best-kept mysteries of offering a home for more than the asking cost. In spite of the fact that this methodology gives off an impression of being counterproductive at first look, it works ponders by making the vital consideration required to make a wild offering war. It’s significant that offering wars are made when there are different willing purchasers and to get numerous ready purchasers, the cost must be extremely appealing i.e. lower than the going business sector rate. When you value your home lower than the business sector rate (preferably, 5-10% lower), you will undoubtedly pull in more purchasers who will offer better offers to outbid other intrigued purchasers. You are will undoubtedly get incredible offers since potential purchasers will realize the genuine estimation of your home when they see it.

2. Try not to acknowledge the principal offer

This is another best kept mystery for offering a home for more than the asking cost. It doesn’t make a difference how great the main offer is, you ought to sit back and watch what different offers come your direction. At last you need to have the capacity to develop wild rivalry between intrigued purchasers, which will at last build your home’s last cost. An intrigued purchaser is continually ready to offer more within the sight of rivalry.

3. Approach financial specialists

Financial specialists may not be the primary individuals you think off when you need to offer your home, be that as it may, they are extraordinary in light of the fact that they are constantly prepared to go up against great arrangements and they likewise give the genuinely necessary motivating force to compel standard home purchasers to part with some more money. This system is incredible particularly on the off chance that you have a home with an awesome venture potential i.e. a home that can be effortlessly renovated to offer more rental space/bring a higher cost. Search for offers from financial specialists just to inspire customary home purchasers to offer more than the asking cost.

4. Make your home emerge

You additionally need to make your home emerge for you to get more than the asking cost. You need to do all the essential redesigns to make your home great. It is, be that as it may, essential to put resources into remodels that increase the value of your home instead of consuming your benefit. Case of remodels that will expand your home’s estimation incorporate; repainting, finishing, rooftop, loft and storm cellar redesigns. Such redesigns support the estimation of homes by roughly 10% or more and additionally make homes emerge. To cut expense without bargaining the result, you can think about doing as some remodels yourself i.e. repainting and finishing.

5. Highlight what makes your home celestial/emerge from comparable homes

Each home has a key offering point that may not as a matter of course be identified with the elements. It could be anything really from some additional patio nursery space to an uncommon tree animal groups in the lawn or an acclaimed occupant who once lived in the house. You have to discover the most one of a kind parts of your home and highlight them to potential purchasers to make them agreeable about offering more than the asking cost. You shouldn’t make due with the normal approaching cost for homes like yours. Locate the most exceptional components of you home and highlight them.

The above data highlights the top mysteries to offering a home for more than the asking cost. You don’t get the best arrangement for your home in light of sheer good fortune, the area or offering your home at the ideal time. It’s more about understanding what makes a potential home purchaser consider paying more. Making offering wars is an awesome method for getting more than the asking cost. You ought to likewise concentrate on making your home remarkable and in addition highlighting your home’s uniqueness.

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If Land O’ Lakes Mortgage Rates Went Up

 

Land O' Lakes Mortgage Rates

Land O’ Lakes Mortgage Rates

If mortgage rates went up, the dollar would be worth more.  The money would be more expensive to borrow, therefore, more scarce and valuable.  You would have more purchasing power with the money you already have and earn a higher return on savings.  Banks would have more money to lend because they could entice customers with high CD, IRA and savings rates.  The higher rates would curb inflation, causing the price of everything to go down, including real estate.

Higher mortgage rates will further depreciate America’s housing market. If you are selling a home for$100k and the average mortgage rate is 5%, the buyer’s payment on a 30 year fixed mortgage is $536 per month.  If the mortgage rate went up to 8%, how much of an offer could the buyer make and still keep their monthly payment at $536?

Answer: $73k.  Buyers in the market for your property can now only offer 73% of the price when rates were 3% lower.  Your home just depreciated 27%.

Are we at the bottom?  Not even close.

On April 1st Federal Reserve is not continuing its investment, which means that mortgage rates are about to increase.  Experts believe home prices will drop 5 to 10 percent.  – realestate.com

Rates have been kept artificially low for the past 9 years, creating a boom and then propping up a bust.

Perhaps rates should really be at 15-20% to make up for all the money that has been printed and spent.

Either rates will stay low and the whole thing will go into a death spiral or at some point market forces will push rates up.  When that happens, expect your home to be worth less, and maybe the market bottom will be in sight.

For professional property management in Land O’ Lakes and Lutz, FL, contact Relevé Real Estate and Property Management

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Rental Marketing Land O’ Lakes

Rental Marketing Land O' Lakes

Rental Marketing Land O’ Lakes

Vacancies will kill your cash flow. Having your property vacant just one month can wipe out all of your profits from the year.  It is better to secure a tenant for $50 less than what you are asking than to have your property sit vacant for a month.  Being real estate investors ourselves, we adopted the philosophy of ‘keep it rented.’

So when we have a property coming available, we do everything we can think of to get it rented fast.

Our biggest successes have come from marketing our properties online.  This not only gives us a lot of great targeted leads, it doesn’t cost our owners a dime.

The video is becoming more popular on the web.  Videos are also being factored into rankings on search engines like Google, Yahoo and Bing.

If you list a video with the area + for rent in the title, then your video link will show up in property searches for that area.

The actual ad looks a lot better and gives the prospective tenant a better experience in shopping for a home to rent.

The advertising costs to our owners are still zero, but we now create great looking video advertisements for their properties.  They are posted on the Relevé Property Management channel of YouTube.

Going forward, videos will become more and more important in finding and securing good tenants.  Sun Rock will continue to utilize technology to make your property stand out from the rest and eliminate vacancy.

In Pasco and Hillsborough counties, Florida, We Manage Your Investment.

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Finding a Tenant in Land O’ Lakes

Finding a Tenant in Land O' Lakes

Finding a Tenant in Land O’ Lakes

Properties do not necessarily have to be listed on the MLS.  The MLS would be more for prospective tenants that are looking for a rental with a real estate agent.  Generally, the commissions are not that good for tenant location, so most real estate agents do not pursue these leads.  Usually, it is for a friend or referral.  Overall, the MLS is geared more towards sales and for listing your rental property and finding a tenant in Land O’ Lakes, Florida, it is best to have the advertisement show up on many different websites.The MLS used to be the only thing out there to buy and sell properties.  But now with so many resources online, it is irrelevant.

Most of the sites are free, and there are sites that circulate the ads to multiple sites.  Most of our leads come from Zillow, Craigslist, and the company website.  Zillow is still the current king of finding tenants online.  Everyone uses it.  We post our properties to over 50 different rental listing websites. We get a couple of leads from HotPads and then some from local rental pages.

If your property manager tells you their advertising strategy is to list the property on the MLS, this is probably not the fastest and most effective way to find a tenant in land o’ lakes, Florida.

For expert property management in Lutz, Land O’ Lakes and Tampa, Florida, contact Relevé Real Estate and Property Management

Selling Above Asking Price
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Selling Above Asking Price

Selling Above Asking PriceEach home proprietor needs the best arrangement when they at long last choose to offer their home. It’s each homeowner’s fantasy to see an offering war follow. Shockingly, most homeowners wind up settling for normal or even beneath normal offers as indicated by most real estate specialists. What most home venders neglect to perceive is; getting an awesome arrangement doesn’t involve luckiness, timing or even area. It has more to do with being furnished with the right information concerning the brain research of a home purchaser and showcasing the quality to your home. How about we get directly into it and talk about the key to offering your home for more than the asking cost.

1. Request less to get more

This is by a wide margin one of the best-kept mysteries of offering a home for more than the asking cost. In spite of the fact that this methodology gives off an impression of being counterproductive at first look, it works ponders by making the vital consideration required to make a wild offering war. It’s significant that offering wars are made when there are different willing purchasers and to get numerous ready purchasers, the cost must be extremely appealing i.e. lower than the going business sector rate. When you value your home lower than the business sector rate (preferably, 5-10% lower), you will undoubtedly pull in more purchasers who will offer better offers to outbid other intrigued purchasers. You are will undoubtedly get incredible offers since potential purchasers will realize the genuine estimation of your home when they see it.

2. Try not to acknowledge the principal offer

This is another best kept mystery for offering a home for more than the asking cost. It doesn’t make a difference how great the main offer is, you ought to sit back and watch what different offers come your direction. At last you need to have the capacity to develop wild rivalry between intrigued purchasers, which will at last build your home’s last cost. An intrigued purchaser is continually ready to offer more within the sight of rivalry.

3. Approach financial specialists

Financial specialists may not be the primary individuals you think off when you need to offer your home, be that as it may, they are extraordinary in light of the fact that they are constantly prepared to go up against great arrangements and they likewise give the genuinely necessary motivating force to compel standard home purchasers to part with some more money. This system is incredible particularly on the off chance that you have a home with an awesome venture potential i.e. a home that can be effortlessly renovated to offer more rental space/bring a higher cost. Search for offers from financial specialists just to inspire customary home purchasers to offer more than the asking cost.

4. Make your home emerge

You additionally need to make your home emerge for you to get more than the asking cost. You need to do all the essential redesigns to make your home great. It is, be that as it may, essential to put resources into remodels that increase the value of your home instead of consuming your benefit. Case of remodels that will expand your home’s estimation incorporate; repainting, finishing, rooftop, loft and storm cellar redesigns. Such redesigns support the estimation of homes by roughly 10% or more and additionally make homes emerge. To cut expense without bargaining the result, you can think about doing as some remodels yourself i.e. repainting and finishing.

5. Highlight what makes your home celestial/emerge from comparable homes

Each home has a key offering point that may not as a matter of course be identified with the elements. It could be anything really from some additional patio nursery space to an uncommon tree animal groups in the lawn or an acclaimed occupant who once lived in the house. You have to discover the most one of a kind parts of your home and highlight them to potential purchasers to make them agreeable about offering more than the asking cost. You shouldn’t make due with the normal approaching cost for homes like yours. Locate the most exceptional components of you home and highlight them.

The above data highlights the top mysteries to offering a home for more than the asking cost. You don’t get the best arrangement for your home in light of sheer good fortune, the area or offering your home at the ideal time. It’s more about understanding what makes a potential home purchaser consider paying more. Making offering wars is an awesome method for getting more than the asking cost. You ought to likewise concentrate on making your home remarkable and in addition highlighting your home’s uniqueness.

Down Payment
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Saving for a Down Payment

Down PaymentBeing a tenant has a few points of interest. No paying off the home loan, no property charges, and the landowner deals with any support and repair costs. In any case, leasing your home has one noteworthy disadvantage: You are burning through cash on rent without increasing any value of the property.

Numerous tenants need to claim their home, however battle to discover the money expected to make an up front installment on a property.

Truth be told, a late overview led by the site gobankingrates.com demonstrated that a fifth of grown-ups in the U.S. try not to utilize a bank account, while 33% of those that do have zero assets in their record.

Beneath you will locate some top tips to help you begin sparing and set aside enough finances to put an initial installment on a home.

Set an objective

Knowing the amount you can bear to spend on a property is significant to help you recognize the amount you should put something aside for an up front installment.

In the wake of working out the amount you have to spare, you ought to aggregate a point by point sparing arrangement to achieve your objective. Having an objective to reach will help you lock in and begin to put cash away. You will think that its difficult to spare in the event that you attempt and put aside an obscure measure of money for an up front installment.

Work out your ways of managing money

Experience your Mastercard and bank articulations throughout the previous couple of months to discover where your cash is spent. You can then concentrate on the territories of spending you can curtail.

Eliminated your link bill

The normal household bill for digital TV has soared in the most recent 5 years and now remains at about $100 a month, up almost 40% from 2010. Unless you as of now have, eliminating your link bill is an incredible approach to spare cash each month. On the off chance that you can’t force yourself to cut the line, you can converse with your link supplier and endeavor to bring down the bill and search for a superior arrangement.

Dispose of your exercise center enrollment

Make the outside your free exercise center. Running, cycling and climbing are all incredible practice and don’t cost a penny. In the event that the climate is awful or you are as of now agreed to a year’s enrollment, most exercise centers offer a rebate on the off chance that you can get a companion to join.

Scale back your present rental property

In the event that you right now lease a one room loft, then downsizing to a littler studio can spare you several dollars a month. A littler property likewise implies less expensive service bills.

Make some pay as an afterthought

Because of today’s mechanical present day universe of versatile web and advanced mobile phones, it is simpler than it ever has been to profit from a side occupation. In the event that you claim an auto, then you have an immense preferred standpoint and can hop straight into work with circumstances like Uber and Postmates.

Get a high return bank account

Leaving your reserve funds in a financial records does not win you any noteworthy interest. Move your assets to a high return account and get some enthusiasm on your reserve funds.

Get a Visa with money rewards

Drop the no nonsense charge card that you presently have and get hold of a Visa with an awesome money back prize plan. Visas that offer a prize plan ordinarily have a higher loan fee, so make certain that you make customary on time regularly scheduled installments to clear the parity.

Set aside your duty discount

It can entice to spend what you get back in your duty discount every year, except by setting aside any cash returned you can make huge strides to achieving your objective of bearing an up front installment.

Offer some of your stuff

Pick a day in the late spring months with a gauge of good climate and toss an out-dated yard deal. Post signs around the area in the days paving the way to your deal and get online to advance it on facebook and craigslist. The more advancement you do, the more individuals turn out, and the more cash you make offering your stuff.

Offer your stuff online

Is it accurate to say that some are of your belonging important or very looked for after? You will likely get more money by offering them online through eBay than you will at a yard deal. While, bigger things of furniture tend to offer better on Craigslist.

March
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March 2018 Wesley Chapel Real Estate Statistics

The Wesley Chapel Real Estate Market Report for March 2018

New data released by the Greater Tampa Association of REALTORS® for the Wesley Chapel, Florida Real Estate Market.

Market Notes:

Wesley Chapel Real Estate Market Overall Condition:  Strong

Let’s take a look at the October 2017 real estate market numbers for Wesley Chapel, FL:

March 2018 Wesley Chapel Real Estate Statistics

  • median listing price of $283,000 for $127 per sq ft.
  • median closing price of $290,000
  • 983 homes for sale
  • 182 homes for rent
  • 99 median days on the market

February 2018 is usually one of the busier months for real estate sales in Wesley Chapel as buyers and investors prepare for the season.   We are finally starting to see an increase in median days on market and inventory as well as a decrease in sales and list price. This is indicating a more balanced inventory in 2018 compared to the last several years.

Get an Advantage

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

Find Wesley Chapel Homes for Sale

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

Find out what your Wesley Chapel home is worth with a home value analysis and contact us to discuss your housing needs. Contact us for Wesley Chapel Property Management.

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These numbers cover all of the neighborhoods in the Wesley Chapel, FL zip codes.  All information is deemed reliable but not guaranteed

The above information regarding the “Wesley Chapel 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 Wesley Chapel area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

 

 

March
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March 2018 Lutz FL Real Estate Statistics

The Lutz Real Estate Market Report for March 2018

Market Notes:

Overall Lutz Real Estate Market Condition:  Strong

February 2018 Lutz Real Estate Statistics

  • median listing price of $315,ooo for $141 per sq ft.
  • median closing price of $310,000
  • 667 homes for sale
  • 38 homes for rent
  • 72 median days on the market

March 2018 is off to a good start for real estate sales in Lutz as buyers and investors prepare for the busy season. We are starting to see an increase in new listings compared to 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.

Get an Advantage

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

Find Lutz Homes for Sale

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

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

______________________________

These numbers cover all of the neighborhoods in the Lutz, FL zip codes.  33548, 33549, 33558 and 33559. All information is deemed reliable but not guaranteed

The above information regarding the “Lutz 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 Lutz area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

 

 

March
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March 2018 Land O’ Lakes Real Estate Statistics

The Land O’ Lakes Real Estate Market Report for March 2018

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 2018 is going to be a healthy year for the market.

Market Notes:

This is the first time in several months 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 March 2018 real estate market numbers for Land O’ Lakes:

February 2018 Land O’ Lakes Real Estate Statistics

  • median listing price of $275,ooo for $126 per sq ft.
  • median closing price of $278,000
  • 857 homes for sale
  • 82 homes for rent
  • 91  median days on the market

The Land O’ Lakes Real Estate Market Condition: Strong

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 “March 2018 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.

 

 

Preparing for Closing
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Preparing for Closing on Your New Tampa Home

Preparing for ClosingAfter effectively presenting an offer on a property and having it acknowledged, there is a phase, as a rule up to three weeks, before the arrangement is closed. Amid the hold up before the arrangement is shut, purchasers are frequently encouraged to do their “due tirelessness on the property they have set the offer. Be that as it may, what does “due tirelessness” mean? What’s more, what ought to the potential purchaser be doing amid this timeframe?

In the matter of real estate, due perseverance fundamentally implies assessing and investigating any issues the property may have. The potential purchaser ought to examine the property altogether to distinguish any imperfections or issues that may cost critical measures of money to alter after the property has changed hands.

The purchaser ought to utilize their due tirelessness to guarantee that the property completely lives up to their desires of what they would like to get in the wake of separating with their money. The couple of weeks before shutting are the last open door a purchaser needs to check the rooftop for breaks, guarantee the storm cellar doesn’t surge – and fundamentally ensure that they are not getting ripped off or misdirect by the vender. On the off chance that a purchaser finds issues or imperfections, regardless they have sufficient energy to make a move. They can arrange with the merchant to have the issues determined or diminish the cost of the property. In the event that the dealer is unwilling to arrange, and the length of the purchaser was legitimately exhorted and has possibilities incorporated into the agreement, the purchaser can cross out the arrangement and leave the property without losing any of their store on the home.

Utilizing due perseverance is a vital procedure in purchasing a home. The following is an agenda of the key perspectives you ought to examine before shutting on a property and separating with your cash.

A property assessment

Verging on each home purchaser contracts a property overseer to altogether examine their potential new home through and through. The controller will search for breaks in the rooftop, issues with the establishments, infestations of vermin, auxiliary issues, electrical concerns, and whatever other potential issues that could cost impressive measures of cash to alter.

It additionally prudent to procure a different expert auditor that spends significant time in testing for biotoxins. Radon, asbestos, mold and different dangers are not for the most part checked for by home monitors and can be exceptionally costly to annihilate and correct. In spite of the fact that it might appear glaringly evident, you ought to likewise investigate issues with the neighborhood the property. For example, whether the property sits amidst a surge plain or is situated inside scope of some other natural element that could be unsafe. Any of these issues would be sufficient to warrant renegotiating with the dealer of the property or, if the issue is a noteworthy issue, leave the arrangement totally.

A property title seek

Prior to the purchaser can take title of the property, and turn into the built up lawful proprietors of the home and recorded in broad daylight records, they will be encouraged to complete a title inquiry, to illuminate the responsibility for property, before continuing.

For instance, what happens if the past proprietor of the home has an ex companion or lost relative the turns up guaranteeing responsibility for property, or there are limit question with the nearby neighbor that are uncertain, or because of unpaid obligations a lender has place a lien on the property. Issues, for example, these are upsetting and can be costly to determine, however can be conveyed to your consideration, before shutting on the property, by directing a title seek. Empowering you to approach the dealer with any issues before they are passed on to you with the property.

Homeowner’s affiliation or condominium rules

On the off chance that you are buying a home or apartment suite that falls inside a homeowners affiliation, you ought to investigate any CC&Rs, conditions, confinements, or affirmations of contracts. It is very fitting to survey the guidelines and directions of the property, and any potential fines that could be brought about for infractions, as a few properties have strict tenets. With directions representing anything from the shade of the home to the sum and sort of vehicles that can be stopped outside the property, RVs are once in a while banned.

By buying the property you are consenting to live by these tenets, so it is a smart thought to survey them and guarantee that you will oblige them. In the event that you are unwilling, you can pull back from the arrangement and search for another property that is more appropriate.