Posts By :

hello

May 2019 Land O Lakes
1024 684 Relevé Real Estate

May 2019 Tampa Real Estate Statistics

The Tampa Real Estate Market Report for May 2019

Market Notes:

We remain in a seller’s market, which means there are roughly more buyers than there are active homes for sale. Seller’s markets are generally more advantageous for sellers rather than buyers.

Median list price is up 2% year-over-year

Days on the market remains flat year-over-year.

  • median listing price of $275K for $160 per sq ft.
  • median closing price of $245K
  • 5,292 homes for sale
  • 1,194 homes for rent
  • 67 median days on the market

Get a free market value analysis.

Contact us today to find out what your Tampa home will sell or rent for with our free market analysis.

______________________________

May 2019 Tampa Real Estate Statistics” was provided by Relevé Real Estate with data released by the Greater Tampa Association of REALTORS®.

These numbers cover all of the neighborhoods in the Tampa, FL zip codes of 33602 33603 33604 33605 33606 33607 33609 33610 33611 33612 33613 33614 33615 33616 33617 33618 33619 33621 33624 33625 33626 33629 33634 33635 33637 33647. All information is deemed reliable but not guaranteed.

Preparing for Closing
1024 768 Relevé Real Estate

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.

150 150 Relevé Real Estate

Florida Foreclosure Pain

Florida Foreclosure

florida foreclosure

Florida Foreclosure activity is on the rise as Florida continues to have one of the highest rates of foreclosures in the nation. California and Nevada round out the top three and foreclosures were reported as increasing 32 percent from last year.

This means that more bank reports are on the way and depreciation of Florida real estate values will continue.

The bottom is still a long way off, and investors should be patient, consider cash flow and ask “what if this property depreciates 3% per year for the next ten years?”.  Florida Foreclosure pain continues.

This statement is worth noting “In Florida, one in every 135 households received a filing in April.”

From Wikipedia, a Florida Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower, who has stopped making payments to the lender, by forcing the sale of the asset used as the collateral for the loan.

Formally, a mortgage lender (mortgagee), or another lienholder, obtains a termination of a mortgage borrower (mortgagor)’s equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure).[2]

The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate,[1][2] is an ongoing and unresolved issue in the United States and refers to an apparently widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks, including Bank of America, JP Morgan, Wells Fargo, and Citigroup temporarily responded by halting their foreclosure proceedings in some or all states.[3][4] The foreclosure crisis has caused significant investor fear in the U.S.[5] A 2014 study published in the American Journal of Public Health links the foreclosure crisis with an increase in suicide rates.[6]

One out of every 248 households in the United States received a foreclosure notice in September 2012, according to RealtyTrac. [7] [8]

Relevé Property Management – Lakewood Ranch, Bradenton & Sarasota

150 150 Relevé Real Estate

Lutz Loan Modification

Lutz Loan Modification

Lutz Loan modification is the process by which the existing terms of your mortgage loan is permanently changed. The change allows you to repay your debts in a more comfortable manner. By opting for a loan modification, you can stop the foreclosure of your home.

Facts about Lutz loan modification

Loan modification is different from the other debt help options like debt consolidation, debt settlement or forbearance. Loan modification is a solution when you are finding it difficult to make payments for mortgage loan due to an unexpected financial hardship.

While loan modification is capable of preventing foreclosure as the existing terms of your mortgage loan are altered to suit your convenience, if you file bankruptcy, you may not be able to save your house. Instead, filing bankruptcy may only defer the process of foreclosure. In other words, bankruptcy puts a temporary “halt” in the foreclosure process.

What is loan modification?

When you request your lender for the loan modification and if the lender agrees to change the terms of your mortgage loan, he may help you by lowering the prevailing interest rate, he may also reduce your principal outstanding balance or increase the loan term of your mortgage.

When do you qualify for the loan modification?

  • In order to qualify for loan modification, you should be willing to retain your home.
  • You have to prove that your current financial condition doesn’t allow you to make payments for a mortgage.
  • The lender has to be convinced that if you are given another opportunity to make repayments, you will not default any further. Your income should be good enough so that you can continue making lower payments every month.

When does a lender qualify?

A lender should accept the loan modification request if after calculations it is found that the loan modification plan will yield good results for him. The cost of foreclosure is quite high and the various lending institutions are readily accepting the loan modification requests.

One of the biggest disadvantages of loan modification is that although it is helping many borrowers to enjoy lower interest rates, it fails to address the “underwater effect”. In underwater effect, there are many homeowners who have negative equity or they owe more than the equity that is available in their homes. Under such circumstances, homeowners have no other alternative but to “walk away” from their homes as there is no point in spending money on a property that has negative equity.

Storage Facility
640 427 Relevé Real Estate

Finding the Right Storage Facility

Storage FacilityFrom time to time you’ll run over things around the house that you never utilize however you can’t discard or give. These things can consume up huge room in your home and turn out to be a significant bother to store. In the event that you end up in such a circumstance, utilizing a storeroom is an awesome choice to keep your belonging secure and effectively available. The following are some vital elements to help you settle on precisely what you’re searching for with regards to picking a self storeroom.

What kind of capacity do you require?

You ought to pick an office that gives the right stockpiling alternatives to suit your particular necessities.

Size

It can be hard to judge the amount of space you should satisfactorily store your things. Leasing a unit that is too substantial is a misuse of your assets, while capacity that is too little, will clearly not have the capacity to hold the greater part of your things. To evaluate the measure of space you will require, make an extensive rundown of the considerable number of things that you wish to store and search for quotes and counsel from capacity organizations on the extent of capacity unit you will require.

Atmosphere controlled capacity

While they can be more costly, atmosphere controlled capacity units are perfect for keeping things that are sensitive or of wistful worth. Then again on the off chance that you live in a range that is influenced by shifting climatic conditions, atmosphere controlled units are an extraordinary approach to keep your belonging protected and secure from the components.

Capacity area

Capacity that is found near bigger urban communities has a tendency to be leased at a premium, while more separated stockpiling areas are typically less expensive. On the off chance that you require your things to be routinely available, it is a smart thought to pick a capacity area that is adjacent to your home. On the off chance that you just once in a while need your things, a less expensive office that is further far from your home merits considering.

Simple entry

Standard weekday access to your capacity unit may not fit with your timetable, while some storerooms are available all day, every day and might be more suited to your necessities. Choose how frequently and at what times you will require access your capacity unit before looking into the open hours accessible at various storerooms.

Security

You need your belonging to be secure, so security is a need while picking a storeroom. Ensure that the capacity organization offers the accompanying security and wellbeing highlights.

CCTV and caution

The office ought to have a cutting edge camera observation framework and alert framework. It ought to have complete scope of the entire site to guarantee the security of the capacity units.

Fire wellbeing

The office ought to be furnished with flame cautions and a sprinkler framework to shield your things from flame harm.

Capacity Features

Capacity units ought to be satisfactorily ventilated by crevices at the highest point of the dividers, or a ventilation framework, to guarantee that there is flow of air to keep any buildup. The floor of the unit ought to be raised to stay away from the stream of any surface water, and the entryway ought to be secure and furnished with a solid hook so you can utilize an individual lock.

Upkeep of the office

The state of a storeroom is a decent marker of the dependability of the organization. While inquiring about offices you ought to guarantee that:

The structures a very much kept up and not basically harmed. Gaps and splits in a building can show spilling, infestations of bugs, and different issues.

The property is kept clean and in a decent condition of repair. Grimy and jumbled regions show an absence of support and expanded flame hazard.

Helpful hardware and stacking docks are accessible to customers.

Adequate stopping, with direct access to the capacity.

Sufficient lighting to guarantee you can without much of a stretch handle your assets amid the day and night.

A high inhabitance of capacity units, an absence of inhabitance demonstrates the office may have fundamental issues.

Inviting and accommodating staff that are educated about the operation of the office.

Visit storerooms in individual before picking an organization. You will be all around educated of the qualities and frail purposes of every site before settling on a choice. Ensure that the office you pick gives attractive robbery and harm protection to cover your profitable things.

Lutz Rehab Home
640 480 Relevé Real Estate

Lutz Rehab Home Mistakes

Lutz Rehab Home
When under the stress of an active Lutz Rehab Home project, it’s natural to seek out price saving measures to live within your finances. Every dollar you save for your rehab is a dollar added to your bottom line. Don’t fall victim to the stress during your rehab.

Investors are often tempted to cut corners to store each penny and increase their chances of finishing a successful rehab. Here are two things to avoid during a rehab.

Hiring Uninsured Contractors

The constant cost of a contractor to carry his/her liability coverage will add additional costs to his/her service. This makes it a tempting to hire contractors who offer lower fees because they’re not deciding to buy legal responsibility coverage. You have to make liability coverage a demand for any contractor who works with your properties; there is no compromising right here.

Make the commitment to screen all contractors and confirm they have the proper insurance coverage.

Skipping Out On Obtaining Permits

One beginner mistake novice buyers frequently make is attempting to pass out on required building permits. Permits are required from an extensive range of common improvements: framing, structural adjustments, new plumbing, electric work, fences, etc.

Contact Relevé Real Estate for finding a rehab home of your own today!

150 150 Relevé Real Estate

Sarasota and Tampa are Top Turnaround Towns

sarasota and tampa
9. SarasotaBradenton, FL ranks #9 in at the realtor.Com top turnaround town report for the primary area 2012 and one of seven cities in the sunshine kingdom to take a pinnacle ten spot at the list. March domestic sales inside the region had been up 23.7% as compared to February, and just slight underneath march 2011 tiers, dipping -1.4%. Median list expenses had been up 12.56% in Sarasota-Bradenton for the primary zone 2012 in comparison to the equal length final yr, and on the market stock is down -27.Sixty-nine% from a yr in the past. Even as symptoms in Sarasota-Bradenton are high quality, the market remains fragile with an unemployment rate of 9.2% and a preferred foreclosures rate in Sarasota county of one in each 353, each better than their respective countrywide averages.

Sarasota-Bradenton seemed on the realtor.Com top turnaround city document: q3 2011 (6); this autumn 2011 (five).

What to peer in Sarasota: the southwestern coastal town is bordered by means of several barrier islands before land meets the gulf of Mexico. It’s now not all golf publications and gardens, even though. Sarasota also has many cultural attractions to enjoy: musical, dance, inventive and theatrical venues.

10. Tampa-st. Petersburg-clearwater, FL rounds out the top 10 spots on the realtor.Com turnaround metropolis listing. Current enhancements in key metrics were surprising, mirroring the turnaround underway in different Florida foreclosure centers. Distressed mortgages peaked remaining September at sixteen.Three% in Tampa, and remained consistent at that level. Countrywide charges declined from a high of 7.Nine% in February 2010 to six.7% these days. Even though the proportion of distressed mortgages has been appreciably higher in Tampa than the country ordinary, data suggests the foreclosure fee considering the fact that April 2009 isn’t any better than the countrywide degree. While the housing marketplace inside the metropolis of champions remains fragile with deeply discounted foreclosed properties, low assets values and many severely underwater mortgages, the q1 2012 statistics from realtor.Com suggests median list costs are up eleven.Ninety-two% and the market moved 20.34% quicker as compared to the identical time remaining yr.

Noteworthy approximately Tampa: the western Florida metropolis on the gulf of Mexico has been tapped to host the 2012 republican countrywide convention. Delegates will revel in the plethora of golf courses, museums and purchasing the metropolis gives. Plus, don’t forget about Busch gardens Tampa bay, which turned into originally an admission-free hospitality merchandising of Tampa’s Anheuser-Busch brewery.

For expert property management Relevé Real Estate and Property Mangement for a unfastened consultation these days.

Lutz Rental Vacancy
640 427 Relevé Real Estate

Lutz Rental Vacancy and Maintenance

Lutz Rental Vacancy

Lutz Rental Vacancy and Maintenance are the 2 largest hits to an investor, and they’re the 2 biggest time requirements for an assets supervisor. So if you can get preservation below control by having a maintenance plan in place, you would be capable of keep away from a variety of problems.

Whilst your property first goes into service, Whilst you first smooth it up and placed a tenant there, among many other matters, you would have installed new light bulbs. I’ll use the light bulb example here to provide an explanation for how the upkeep plan helps.

Permit’s say you’ve set up a mild up the front that’s got 5 mild bulbs. Seven months or a yr from now, while that first light bulb is going out, extra than in all likelihood, the rest of these light bulbs will start going out in the next couple of months. So, you might simply update all of them at one time. It’s a totally low price replacement, and it simply guarantees you’re no longer going back 4 different instances in the next six months to change one light bulb at a time. The greater trips you (or your handyman) have, the more price it’s going to entail. It is all about being efficient.

 

It can appear to be a small factor, but having a stable apartment application is step one in locating top-notch tenants.

Just having a written upkeep plan of what’s going to manifest can help you store lots of cash for your lutz rental vacancy. You should installation a yearly upkeep plan. This serves two purposes. One, it maintains the belongings running smoothly thru a preventative renovation and it gives you frequently get entry to the assets to see how the tenants are worrying for the assets. I can’t strain enough how preventative protection makes a difference. It seems without fail that the preventive restore that would be made ends up being a middle of the night phone call emergency.

An instance of that is yearly renovation of furnaces. We send our hvac repairman out to service all the units. The proprietors that don’t do that constantly seem to have a no warmth name on a Saturday night time at 9:00 p.M. And all of us who has rental properties is aware of that your HVAC guy has extraordinary rates for during commercial enterprise hours and off hours. The difference in fee might be many hundred dollars.

The hassle of Lutz Rental Vacancy

The opposite primary hassle faced by the proprietors and belongings managers is vacancy. I work sincerely tough to keep tenants and to prevent emptiness.

Vacancy is actually expensive for a residential unit. If a unit goes vacant, you’re going to greater than probably lose a month of lease. You’ll need to spend money to turn over the unit, which can commonly same a thousand dollars if you’re painting. You would possibly need to redo a few floors, and you’ll be adjusting this and that. Ultimately, you’ll end up with one thousand dollar bill, and then you’ll pay commission to an actual estate agent to find a new tenant.

Essentially, your three-4 months of rent out of pocket that you’re giving up is hurting the coins flow of the rest of the investment houses or hurting your reserves or something it is probably. Then again, if you may find a manner to keep that tenant, you normally recognise while a hire is going to end. This will allow you to discern out what you need to do next.

Property Management

If you aren’t interested in maintaining the current tenant, you can begin searching out new ones 60 days before the hire will quit. In case you want to hold the modern-day tenants, that’s lots more worthwhile and hassle unfastened, you can find approaches to trapping them. You may provide them incentives or tell them you’ll update their carpet or replace their shelves or give them $300 closer to the utilities next yr.

Just spending $500-six hundred on enhancing a unit and preserving a tenant is a miles extra efficient way to operate than to allow the tenants move. Tuning into the tenants’ wishes may do the trick. In case, your tenant can pay $900 and they locate it difficult to pay that, you could drop the rent for $25 so that it will maintain them. This will value you $three hundred in a year, but trust me, it’s a long way much less than what it costs to turn that unit over. 3 hundred greenbacks to the tenant, as opposed to $1,800 or $3,000 in your contractor or real estate agents, is a way better deal.

150 150 Relevé Real Estate

Property Management Questions

property management questions

Who will be my assets manager?

You need to know who might be your particular belongings supervisor and know their name. I’m all for duty, and also you need to recognize and meet with your house manager, now not just the advertising director or whoever is at a rate of recent business.
Who’s the head of the workplace?
You need to recognize the booking in case something goes incorrect. Brokers have PMs who work underneath their license, so ultimately it is the top booking who runs the display.
How long have you ever been a belongings manager?
The period of time is vital to know. That being stated, a hungry novice who wants to analyze, in my enjoy, is often instances better than the maximum superior person, because they care.
How many devices do you manage?
For me, that is greater so food for the concept because big and small control corporations both have their pros and cons. There are blessings to a large workplace and also to a small workplace; the secret is to realize which one you are becoming and to ensure you are comfy with the pros and cons.What’s the average period that clients stay with you?

You want a property supervisor who’s in it for the lengthy haul. While this might no longer be an honest solution or able to be substantiated, it is nevertheless precise to invite.
Do you simply manipulate or do you sell, too?
Most places do both. That being said, it is good to recognize to evaluate humans’ motivations and desires. You want an employer that still prioritizes belongings control despite the fact that it doesn’t make as great deal earnings doing so as selling.
What do you offer that unit you apart from different companies?
You want them to sell themselves, to inform you what they do otherwise from other organizations. Keep in mind, this is an interview for each event.
What do you assume from me because the proprietor?
What’s their expectation about your involvement? A few people need to be very micro managed, and others do no longer. It is crucial to realize the exact expectancies that the assets supervisor could have of you.How regularly do you talk with the homeowners?

That is very essential, considering that communication is fundamental. It’s miles simply important to recognise over what issues, with which techniques, and how quick you will be notified.
Do you offer the owner’s facts to the tenant?
A few humans lease assets managers so that they do not ought to provide their records to tenants. So this is crucial.
Do you have a policy about landlords contacting the tenants?
Some management corporations will no longer permit the landlords to touch the tenants inside the residence.
Do you have got a requirement for your own home control customers to use you? Do you fee if the tenant comes to a decision to buy the residence?
Many assets contracts require the landlord to pay fees if the tenant comes to a decision to shop for or they sell. Ensure you test this clause intently.
How often do you attain out to the proprietors? Are you able to give property management examples of the way and when you would talk various problems?
Conversation is a very big situation and a common criticism regarding belongings management groups. The remaining element you need is to be studying the entirety on your month-to-month statement. The fine manner to have clear expectations is to understand when they’ll notify you and whilst they will not.
What is your turnaround time on cell phone calls and emails from proprietors?
Some of the most important court cases I pay attention are people no longer hearing back or receiving return smart phone calls quickly enough. This is why you need to realize what to anticipate and the way long it takes to hear again from your private home supervisor.
What is your month-to-month price?
Every control agency calculates their costs differently. Some price 10%, and that includes the whole thing. Others do 6% and charge extras everywhere, so ensure you’re looking at the whole lot.
Who is the lease among?
In some locations, the proprietor is on the lease. In different places, it’s miles the management company at the lease.
Do you offer a copy of the rent to the owner, and if so, while?
One in every of the biggest problems I see is the owners no longer receiving a replica of the rent, so they are not capable of affirming when questions and troubles get up with their belongings manager.
What lengths of higher do you offer?
A few assets managers most effective do a month-to-month rent, others do a one-year, some do multiple. Personally, I do a month-to-month lease.
Do you fee greater for monthly rentals?
I price $300 greater per month for my month-to-month rent. It’s far critical to understand what their policy is and who receives the fees.
Do you do a break-out clause?
I have a whole lot of tenants who try to break their lease. For me, this clause has been a lifesaver.
Do you offer an opposite navy clause?
As an empire builder who buys houses that her circle of relatives will live in too, it is crucial to me that we are able to always flow back into our home. Consequently, we are able to usually have an opposite navy clause in our lease. The remaining I heard, in case you did know not have a clause, you couldn’t use it. Some organizations will no longer allow this of their policy, so it is vital to know your agency’s policy.
Do you have got a condominium deductible?
I am a large believer in tenants having skin in the sport and consequently not calling over senseless objects and repairs that value cash and reason headaches. Maintenance can eat you alive and perform a little critical damage on your backside line.
Do you’ve got rent language that calls for the tenant to pay for any damage they purpose that isn’t always put on and tear?
I’m a huge believer of “you wreck it, you buy it.” so I rate my tenants for something they break. I’d ask my control corporation if they do the same element.
Do you troubleshoot along with your tenants after they call for repairs?
One of the matters I have executed to assist reduce provider calls is to troubleshoot with my tenants. I ask them if they attempted the breaker, put a new mild bulb within the socket, and so forth. So I might want to know if the assets control will try to troubleshoot, or if it ends up being something stupid if the tenants are required to pay the service call. Do you do “sight unseen” rentals? If sure, do you’ve got a special addendum?
I understand some locations received hire sight unseen, that’s a massive disadvantage in army areas. This has prompted issues for me and others within the beyond, so I’ve constant this problem with the aid of having a provision inside the rent.

Home in Tampa
640 462 Relevé Real Estate

Selling Your Home in Tampa

Home in TampaIt is safe to say that you are prepared to put your property available? You might need to twofold check this rundown first before offering your home in Tampa.

When you choose you’re prepared to offer your home, you will need to commit some time and push to guarantee that the floor coverings are perfect, the greenhouse is well kept, and that your home is enhanced to make the most ideal impact on potential purchasers. In any case, you ought to spare some an opportunity to deal with this critical yet effortlessly overlooked, assignment: contact your neighborhood government to guarantee that it has the right data about your property.

Whether your home is a three story rural manor or a one room condo, nearby government records will have extra subtle elements and archives on it. Issues with region records on your home can slow down the advancement of a deal experiencing, or even wreck an arrangement totally. So ensure everything is exact and cutting-edge before you choose to list your home available.

The building division – Selling Your Home in Tampa

Your nearby town or district holds records on each building grant that has been issued and additionally points of interest of each building that has been built inside its region. The lead building assessor is entrusted with guaranteeing that any adjustments that are made to a property meet the present construction regulations and that any work attempted is finished by authorized temporary workers.

The building division is basically intrigued by guaranteeing your property meets wellbeing and security directions. At whatever point someone makes an application for a license, the building office will convey an auditor to physically examine the work that has been finished and marked it off.

How can this influence home venders? – Selling Your Home in Tampa

Once an offer has been made and an arrangement has been settled upon by the purchaser and vender, the purchaser will contact the building office to finish their due perseverance. In the event that they find any issues, for example, an open allow that was connected for by a contractual worker yet was never examined and formally closed down by a controller, they could surrender the proposed manage the dealer.

It is entirely normal for venders to find that eventually amid their property’s lifetime an oversight has been made, grants can absolutely fly under the radar without hardly lifting a finger. The oversight could have a place with the contractual worker that finished the work, the past proprietor of the property, or even an authoritative mistake made by the building office itself.

Issues like these can bring about a major migraine for proprietors needing to offer their home. Once a property is sold, the new proprietor is in charge of any illicit development or unregulated work, something that is exceptionally off-putting to potential purchasers.

Assessor records – Selling Your Home in Tampa

The town assessor watches the nearby real estate market and, with the end goal of property duty, can recognize if your property’s surveyed worth is in accordance with the business sector.

On the off chance that the business sector backs off, the assessor won’t consequently bring down the evaluated estimation of your property and lower your property charges. In any case, they will consistently experience late allows issued by the building office and expansion the surveyed estimation of your home if any late enhancements or remodels have been finished that could expand the business sector estimation of your property. This would mean higher property charges.

Your property could be either over or under surveyed. In the event that it’s over, you ought to make a grievance to your assessor with any records or data that would bolster your case for diminished business sector esteem. Each neighborhood government has a framework set up to manage appraisal grievances. Try not to avoid this when offering your home in Tampa.

Stay one stage ahead – Selling Your Home in Tampa

Before offering your home in Tampa, check the accessible government records on your property. A few issues, for example, an open license, can be effectively altered. On the off chance that it’s a more significant issue, you ought to defer posting your property until it is determined. Taking care of any of kind of issues with government records early spares keeps any astonishments from coming up later that could wreck a deal.

lutz home buyers
640 301 Relevé Real Estate

Mistakes that Lose Potential Lutz Home Buyers

lutz home buyers

Prior to advertising your own home, you want to go searching for some things that might be particularly discouraging to potential lutz home buyers. They will really be evaluating many homes and could conveniently push yours aside with the slightest provocation. You want to be aware of some matters that turn off potential customers.

Things that turn off potential residence consumers:

1. Carpet over hardwood floors

Many people really like hardwood floors, they upload a top-notch design element to your house. They’re also very easy to smooth and don’t maintain dust like carpets do. Many sellers make the error of masking up their hardwood flooring and opting to display carpet. Make certain you show off your gleaming hardwood floors and go away the customer to determine in the event that they want then blanketed or not.

2. The usage of a bedroom for other functions

All domestic buyers are interested in the quantity of bedrooms the house they intend to buy has. If you converted a bedroom into something like a domestic office, it is advisable to revert it back earlier than you positioned the residence on sale. The purchaser won’t locate the home workplace as beneficial as you determined it. Not handiest does it impact a customer’s capability to visualise a dwelling area however workplace is often a supply of clutter.

3. Turning your kid’s room right into a miniature theme park

On the grounds that kids are very innovative and unfastened spirited, many dad and mom turn their bedrooms into something that resembles a Disneyland journey. This turns off consumers as they may have teenage kids who do now not require all of the first rate decorations. Let the brand new residence owner have the opportunity to determine what to do with every of the bedrooms. As always when making ready to promote your home, less is greater… Stuff, that is.

4. Grimy dishes in the sink

Residence buyers are very touchy about how you have been looking after your home before they purchase it. They need to see the residence at its satisfactory so please be sure your kitchen is as clean as it may in all likelihood be. A grimy sink continually sends the wrong impact and is enormously commonplace. In case you are caught up in a dirty kitchen, it is clever to keep off the purchase till you tidy it up.

5. Make consumers take off their shoes

It isn’t rude to ask buyers to put off their footwear when getting into your home, mainly if it’s raining and also you’ve scheduled a large variety of showings in at some point. That’s a variety of foot traffic! However, they are probably getting rid of via the request. Don’t forget to leave old towels at the flooring close to the front & again doors — or ask your realtor to offer a supply of disposable booties in your viewers to place on over their shoes.

6. Puppy toys laying around the house

If you have a pet then ensure everything like dog food and pet toys are saved away nicely. Having dog toys laying around in random rooms within the house won’t be the as appealing to a lutz home buyers who isn’t as pet pleasant as you’re.

7. Having a family room in the storage

Just because you made a decision to apply the storage as an extra sport/family room doesn’t always suggest your customer wants the same setup. Ensure in case you’ve modified your garage installation in any manner you revert it again to a primary storage (ideally and not using a litter) so one can visualize what they would like to do with it. In case you’re the usage of your storage as a garage for the greater gadgets you’ve removed from internal, simply shop matters as smartly and compactly as feasible.

Eight. An above-ground pool

An above-ground pool in the backyard of the house is not an excellent concept. In case you cannot have the funds for a right pool and are tempted to installation an above the ground pool, you need to dismantle it lengthily before placing your private home on sale. If the pool leaves in the back of a dead spot of grass inside the outside, you will fumble final minute trying to cover it. If you have an above floor pool and you understand you’ll be putting your private home in the marketplace in the close to future then take the pool down properly before you placed your private home up on the market. This will provide your backyard lots of time to get better and with any luck keep your grass searching inexperienced for the showings.

Nine. Light fixtures

It is true that a stunning chandelier can boom the depth of your room and may be an actual focal point mainly if it is placed in a formal dining room. It may if it’s far brilliant ornate and custom, make a contribution to turning off a potential purchaser. If you have a unique, special, critical-to-you-but-now not-stylish mild fixture, it’s far critical that you put off it (and replace with an extra appropriate one) earlier than placing your private home on sale. This manner you could preserve from clashing stylistically with any capability shoppers, as well as defend the fixture you love.

Consult your realtor for more recommendations on putting off items in and around your house that could flip off your capacity consumer.

150 150 Relevé Real Estate

Property Management Companies

Property control is a hard enterprise with a bad rap (an awful lot of it earned, via the manner)! For traders who have taken on landlord duties, you recognize simply how worrying it is able to be. Dealing with an investment belongings is both hard and time-consuming and calls for a chunk of personality dexterity. Most actual estate investors, but, by no means address the nitty gritty information about assets control, although they understand what is going into it. That is due to the fact most actual estate buyers participate inside this big investment marketplace in a passive way. They have no revel in with belongings control so they haven’t any concept what makes it tick.

Unfortunately, that fact — the truth that most misunderstand the gargantuan project of belongings management — way that too many traders are willing to overlook quality to store on prices.

We recognize, really. In the end, you’re on this commercial enterprise to make cash, and if you’re spending a ton on assets control, it manner fewer dollars on your retirement bills when a lease is due.

But, when you are inside the center of the actual property recreation, it is real lifestyles. It ain’t exercise! You don’t have time to make the error of trading it slow to store a few greenbacks just like you do not have time to step over bucks to seize the dimes. On the subject of the perception that you can store cash and construct your retirement by doing the control yourself, my best advice is: not so rapid.

Top class assets control is really worth it. Without a doubt.

Right here’s the thing about property control: you get what you pay for. The distinction between desirable belongings management and horrific property management isn’t constantly right away great to real estate buyers. Why? Because proper assets control isn’t something you need to note, and bad belongings control does the whole thing to hide simply how terrible it’s far.

Making comparisons based totally solely on charge will come returned to haunt you when you become with chronically overdue lease payments, assets that’s falling apart, damaged lease agreements, bad conversation, improperly set expectations and high tenant turnover. Terrible belongings control can’t only hurt your lengthy-time period investment success, but it may damage one of your maximum treasured belongings — your recognition.

Your control crew is the on-the-floor, public face of your funding enterprise. That’s large.

So clearly, what does a great assets management crew appear like? What benefits do you get for making an investment in premium service? Almost as critical is how do you place proper expectations at the front stop?

What best property control seems like

You’re in-the-know

Stable assets control groups ensure they are inconsistent communication — in particular approximately the huge matters, the milestone events. Whilst they don’t overload buyers with updates, they don’t hesitate to offer reviews, documentation, and property fame updates. Good property managers are organized and in no way try to conceal things from you; they’re proud of the work they’re doing and feature an authentic interest in imparting quality offerings.

That doesn’t mean matters will continually cross easily. There can and can be hiccups, but a simple peace-of-mind communication goes an extended way, and the first-class of the first-rate make this a standard running technique.

Interview questions while hiring an assets manager would possibly include:

How frequently am I able to anticipate to hear from you?
Will that be by using phone name?
What is the average response time for your crew to tenant cell phone calls, preservation phone calls and proprietor cell phone calls?
Assets-manager-condo

You never must ask in which hire is

Accurate property managers realize a way to tune down rent bills. They don’t allow themselves to bend in the policies — they make expectations for fee clear and feature the organisation and prowess to make sure you get paid on time. Definitely proper management organizations have systems in the region to function on an everyday basis all the way down to how a hire charge is processed and how speedy hire payments are despatched to owners.

While talking with an assets management organization, they ought to be able to speak very definitely what that machine is and what the system is for making sure that is a clean technique. If they cannot provide you with clear and defined rules for whilst hire is gathered, while it’s miles overdue, how late payments are accrued and ultimately how and when payments are sent to proprietors, then they’re not up to the extent of the satisfactory within the business.

Your tenants sense taken care of

Accurate property managers aren’t just there to gather rent. They build a rapport along with your tenants, ensuring that they experience welcome and valued. They listen carefully to court cases and preservation requests and take appropriate action. Tenants won’t present an excellent supervisor due to the fact they’re doing the whole lot they can to ensure the tenant is sorted. Properly managers recognise how to diffuse uncomfortable conditions and solve a conflict, now not expand it.

Extra importantly, an incredible assets management organization takes delight of their average period of stay. The longer the time frame might also mean a decreasing revenue circulate for them as an organisation, however, it will suggest happier proprietors. After all, a glad tenant constantly translates to a happy owner.

If you could find a pleasant responsive business enterprise that treats tenants with recognize, you will likely have a good lengthy-time period enjoy. How will you know as a proprietor? Simple. Ask the property control organization what their common length of life is.

If you have your answer, ask them again most effective in a one of a kind way. Ask them what percentage of their portfolio receives turned over in a yr. Divide that number into a hundred and you’ve your average period of stay. If the 2 numbers do now not add up, then you recognise they had been pulling facts out of their bottom anyway. In the event that they do upload up, you can very well have a winner.property management companies

You do not often stumble upon an awful tenant

How properly does your manager display screen tenants? You must recognize! Experienced assets managers recognise that it’s well worth the more effort and time to in reality vet tenants. Because they screen well, you’re so much less in all likelihood to ought to fool with the headache of belongings damages, damaged hire agreements, crook hobby, and chronically overdue hire. Such a lot of issues are solved surely while the tenants you have are excellent ones.

There may be lots greater to a screening procedure than credit score, crook, financial disaster and eviction tests. There are truly subtle nuances that really correct management businesses hire and train their groups to use on the subject. A keen eye can spot troubles that don’t display up on background tests. The nice control businesses additionally recognise how to correctly comply with the legal guidelines to ensure they’re now not discriminating in any way. This know-how itself is worth its weight in gold.

Preservation problems never capture you by wonder

Finding out, you have to drop more than one thousand bucks on a hassle that could’ve been resolved for a fraction of the fee some months ago isn’t a laugh, to place it lightly. Ace assets managers are on the pinnacle of the entirety. They not most effective be aware of maintenance requests, however, are vigilant in detecting troubles early.

To be clear, this difficulty is not simply considered one of competency of the controlled enterprise, but it also speaks to how well they speak. These prices — marvel renovation troubles — arise and chew proprietors within the bottom all the time.

Make sure to invite your property control employer how they speak those issues and what they do to help mitigate and fasten in the fastest way possible. Nobody likes to spend cash, and the best control agencies ensure their owners understand that spending their money is the remaining issue they want to do. However, not letting them realize or sitting on an invoice till a “desirable time” to call or email is a sign of weakness and a pink flag on any employer you’re considering hiring.

Prison troubles are few and ways among

You know who finally ends up in a variety of complaints? Horrific property managers. Now, we recognize no longer all managers are sued for valid motives. However we’ve also heard one too many testimonies approximately illegal evictions, bed malicious program horrors, and typically awful control. Accurate managers don’t get into those sort of conditions. They don’t simply avoid them; they actively save you them and are well-versed in the regulation.

To be clear, all assets management companies are sued. That could be a truth of life for control businesses. However now not all management businesses lose proceedings. Many, in fact, frequently win or deflect the frivolous proceedings and rarely find themselves entangled inside the lengthy, drawn-out nightmare complaints that we every now and then pay attention about. Why? Due to the fact they recognise what they may be doing and have a machine and process for everything! Following those systems and tactics is what continues them out of the problem.

You, in reality, may be a passive investor

The biggest benefit you have in hiring accurate belongings managers? You get to virtually be a passive actual property investor. They provide you with the security of understanding your house is incapable palms on the way to preserve matters jogging easily, leaving you room to cognizance on what you need to.

After all, who can argue with the fact that as actual estate buyers, we make the majority of our money while we do what we do great: find, buy, renovate and maintain or sell sincerely properly deals? Spending our time doing the dirtiest of the dirty paintings whilst there are exceptional corporations accessible educated and versed in the way to do it for us at an inexpensive price appears to make the best experience to this passive investor

buying rental property
640 480 Relevé Real Estate

A Step-by-Step Guide to Buying a Rental Property

buying rental property

When planning for buying and investment property focus on the big picture.

Owning a rental property is exciting, demanding and may be confusing if you’re not sure what to expect or where to start. Here is an easy guide that will provide with step by step instructions to those planning on investing in rental property:

Step 1: Why Do You Want to Become Landlord?

One of the important steps is getting to establish the reasons and goals for why you want to become a landlord. This is a step that is often overlooked by most people before they put a lot of money in their investments.

Knowing why is important. Real estate investing is not a simple task, and it may be challenging – especially when managing the property.

Step 2: Why Your Credit Score Matters 

A higher credit score means a lower the interest rate, while a lower score will force you into a higher the interest for securing a mortgage. This indirectly influences the amount of money you will pay over time until the mortgage is paid off. Always check your credit score and look for possible errors so that it is up-to-date and correct.

Step 3: Budget 

An investment property depends wholly on the planned budget and it involves more than just paying the mortgage. In addition to regular mortgage payments keep in mind that you will be responsible for maintenance cost, utilities, taxes, upkeep, and unexpected emergencies. Weigh each cost against how much is expected from your target rental amount.

Research the comparison of rental properties in your target areas for a rough idea of what you can expect for a fair rental price.

Step 4: Research Loan Options

Mortgage loans come in a variety of options. The most common is a fixed rate loan. This means you are guaranteed a fixed interest rate over the life of your loan – usually for  15 to 30 years.

Step 5: Check For Tax Credits

Tax credits are available to all homeowners, even landlords! If your investment property is not new construction, consider renovations. It’s important to consult with a CPA to determine what expenses qualify as deductions, and what depreciate and what does not.

Step 6: Shop for Loans

Make sure that you obtain a loan from a lender that offers the base rate. You have options from mortgage brokers, banks, credit unions and even government sponsored programs may be available to you.

Step 7: Secure a Real Estate Agent

Find and hire a real estate agent who is knowledgeable about buying investment properties. The agent needs to know how to secure the best deals, what a potential property may rent for, trends that are affecting tenants, and what areas you are most likely to see a profit.

Step 8: Present an Offer

Remember, this home is an investment. Make sure that your agent negotiates the best possible price for the property.

Step 9: Appraisal

The appraisal for a property provides the lender with an estimate of the home value. Compare the appraisal against other similar properties in the area. You can cancel your offer to purchase a home if the appraisal comes in low.

Step 10: Inspection

An inspector conducts a thorough inspection of the property. He may give recommendations on items that need to be repaired or replaced. Again, you may cancel your offer if the home requires too much work.

Final stage: Closing process

The attorney, title agent, or real estate agent will advise the necessary documents for the final purchase process and what needs to be signed.

Hire a Property Manager

Once you own the property, an effective property manager can save you time, money and headaches.

It's All About the Listing Price
1024 684 Relevé Real Estate

It’s All About the Listing Price

Are you getting frustrated that your home hasn’t already sold? Has it been sitting on the market with little to no showings, while houses nearby are going under contract almost immediately? We’re here to tell you, the solution is simple: lower the price! I know, I know, you probably already heard this from your real estate agent. It’s difficult to separate your emotions when it comes to finding the correct listing price for your home. You may have thought that it was worth the price you wanted, but the market says otherwise.

The truth of the matter is, the market is hot. It’s at the hottest point it has been in a long time. If your home isn’t selling in today’s market, and your agent is working hard to market it, then the price is unrealistic.

It's All About the Listing Price

Who doesn’t want to sell what they own, and cherish, for the most they can get? And your agent wants to sell your home for top dollar as well! But if you still haven’t received an offer in such a strong seller’s market, it’s time to sit down with your agent, reevaluate your motivation to sell, and talk about a new price.

Do you have goals when it comes to moving? A new home? A new location? That’s awesome! If you want to move forward with your life, cut out the stress of slowing down the sale of your home. Make the best decision to ensure your home can get under contract.

Keep in mind that by pricing lower than market value, you can anticipate a bidding frenzy that can get you even more than you anticipated. Supply and demand, it works wonders when you let your agent play the numbers to get buyers excited about home. List your home for the price that your trusted agent recommends. By doing this, you’ll be putting your best foot (or home) forward in your competitive market. 
It's All About the Listing Price

If your home isn’t selling, it’s all about the listing price being too high.

Fill out the form below for a free comparative market analysis on your home.

2016 real estate market
640 480 Relevé Real Estate

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.

Home Renovations
1024 768 Relevé Real Estate

Exterior Home Renovations

Home RenovationsWhen you’re house chasing it’s anything but difficult to center in on specific characteristics of a house that you find engaging. Tragically when you limit your emphasis in on the things that are flawless about the house, you’ll frequently ignore some essential things all the while. Ensure you completely look at the outside of your “fantasy home” before you proceed with your buy.

Here I’ll be giving you a particular rundown of key components to look at while investigating your potential home’s outside. None of these issues must be a home purchasing major issue, however the dealer ought to will to help you resolve anything I list beneath before you leave all necessary signatures and conclude your buy.

Trees

Does the property have any trees? Trees can and to the general magnificence of the home yet they can likewise make issues for your establishment on the off chance that they get the opportunity to be too enormous. So make sure to look at how shut these trees are to your homes establishment. Likewise if the tree as of now has entrenched roots inside the home’s establishment, there can be a drop in your establishment if those roots are evacuated. In the event that the trees are sufficiently huge to experience the top of the house then consider reviewing the rooftop also. The rooftop can regularly be neglected when potential purchasers look at the outside of the property. Trees that interact with the rooftop can leave certain ranges presented and open to rodents or even winged animals to assemble homes. Rodents particularly will utilize an overhanging branch to advance onto your rooftop.

Notwithstanding trees encompassing your home observe some other foliage that interacts with the home. On the off chance that the dealer hasn’t made a satisfactory showing with regards to keeping up the brambles that encompass the house then you may experience issues with creepy crawlies later down the line.

Foliage upkeep by and large is typically a solid pointer of the kind of consideration the dealer gave the outside of the house. On the off chance that things look a little need brilliance from a remote place, it ought to absolutely be reason for a nearer assessment.

Establishment

Numerous purchasers run over split cement and consider nothing it. In any case, split in the solid can take into account dampness to infiltrate your establishment. On the off chance that you live some place with exceptionally chilly winters this can represent an extremely huge issue for you fiscally. It’s positively fitting that in the event that you find noteworthy splits in the establishment that you arrange a repair cost with the merchant.

Additionally specialists as a rule propose that you expect the establishment for satisfactory waste. It’s exhorted that you have around 2 inches of presentation and a slow incline far from your house to keep water from gathering.

Pool

Pools are constantly huge offering focuses, yet in light of the fact that you’ve generally needed a pool doesn’t mean you ought to neglect to examine it precisely. Pools clearly accompany a lot of upkeep and merchants can without much of a stretch disregard that upkeep. So ask about the age of the pool itself and the hardware that accompanies it. It might likewise be worth getting some information about any reemerging.

On the off chance that you experience an issue

Maybe a couple issues with the outside doesn’t need to break the arrangement. In the event that you and the vender can achieve an assention that illuminates the current issue then by all methods continue with obtaining the house. on the off chance that you can’t locate a reasonable answer for it be that as it may, consider going on the house. Have a top to bottom assessment of the property done, drill down anything that requirements consideration before you consent to close and figure out how to determine it.

In many cases the outside issues you experience can without much of a stretch be altered and the arrangement can continue. Simply don’t permit the huge offering purposes of your conceivable dream home occupy you from outside issues that the vender is in charge of. Additionally counsel your specialist in case you’re not certain which issues the vender ought to be in charge of taking care of, once your assessment is finished obviously.

In the event that you have any further inquiries concerning assessing your property please don’t hesitate to abandon me your contact information in any of the accessible structures here on the page.

150 150 Relevé Real Estate

Craigslist Rental Scams

Craigslist Rental Scams

Craigslist Rental Scams

A prospective tenant called us and said the property we had listed for $1300 per month on Craigslist was also listed on another ad for $900 per month.  Huh?  Another ad? Nobody at our company would have listed it at that rate.

So we searched Craigslist and saw another listing with the same pictures and description for $900 a month, it said to contact ‘David Ball’.  Of course you can’t call him, but when you email him you get an automatic reply that says he is away in South Africa, decided not to use a realtor and is just looking for a good person to rent the property.

He tells you to go by and look at the property but of course you can’t get in.  Then if you like it you are supposed to Western Union some money over to him, wherever he is.

As soon as you send your money, it’s gone, no house, no nothing.

We flagged the fake ads on Craigslist and they were taken down.  We did speak with police, but it is not likely anything can be done.  The people posting those ads could be anywhere in the world.

A similar scam on owners is prospective tenants who reply to ads and say they want to rent a property.  They are usually some type of foreign exchange student.  Their ‘sponsors’ send you a fake cashier’s check for more then what is owed.  You are then supposed to wire the difference to their decorator.  A week later, the cashiers check has bounced and you are out the money you wired.

So when we have ads running, we will monitor and flag fake ads.

Tenants should be aware of these fraudulent ads and never send any money unless you have met with an agent and viewed the inside of the property.

For Honest, Reliable property management you can count on, contact Relevé Real Estate and Property Management.

150 150 Relevé Real Estate

Rent vs Buy

rent vs buy
The rent vs. buy calculator was traditionally used by realtors and mortgage lenders as a way to show you the benefits of homeownership.  These include building equity, getting a tax write-off and appreciation of the property.

These numbers always skew in favor of purchasing a home instead of renting, which is what they want you to do anyway.  Buying a home and paying it off in 30 years does make sense financially, but who really does that anymore?

To make an intelligent decision in times like these, you have to go outside the numbers.

Will I live in the property for 30 years?

What is the total cost of ownership of the property?

What if I get transferred or move?

What if I can’t find a tenant or a tenant doesn’t pay?

What if I lose my job?

What if the property doesn’t appreciate for the next 15 years?

What repairs/renovations will I have to do?

What if my taxes, insurance and homeowners’ dues increase?

Ask yourself a few of these questions and see if renting might be the right choice for you, right now.  Make an informed decision and consult with professionals.

Relevé Real Estate and Property Management is a full-service property management company in Florida, with a portfolio of properties from Land O’ Lakes to Sarasota, Florida.

150 150 Relevé Real Estate

Home Selling – A Checklist of Things You Need to Do

Home Selling

Before you put your house up for sale, it is essential that you prepare your home to make it as appealing as possible. First and foremost, setting the right sales price from the start will ensure your house is considered by the largest pool of buyers from the date that it is listed. If your house is priced too high many buyers and real estate agents will simply remove it from consideration. Assuming your house is priced correctly, the following tips will help you attract buyers so you can sell your house as fast as possible.

Marketing and Advertising – Even if your house is priced below market and it is the most beautiful house on the street, you have to make sure homebuyers know it is for sale. Make sure your real estate agent has listed your house on all the major real estate search engines. These sites should include: Realtor.com, Zillow, Facebook, and any other real estate sites that are used in your area. Social media is used by nearly every home buyer. Once your house is listed, view your listing online and make sure there are numerous photos of your property. Many homebuyers use the Internet to search potential houses by price and then they look at photos. If the photos of your house are not in the best possible light, you could be losing potential homebuyers.

Curb Appeal – Since you’ve pulled in potential homebuyers to see your property, you have to make the outside of your property as engaging as could reasonably be expected.Make sure the grass is cut, the weeds are pulled, the bushes are trimmed, and flowers are planted. If anything is damaged in the front of your house, such as siding, downspouts, windows, the front door, or mailbox, they should be addressed before listing your property.

Update the Interior – When potential buyers walk into your property, the entrance way and the main rooms of the house should be clean and inviting. You can paint rooms a neutral color, update flooring, and updated fixtures. You don’t have to spend a lot of money; average quality updates should be fine for most homebuyers. Brighten up rooms by opening the drapes and using higher wattage light bulbs. This will make the rooms look greater and brighter. Additionally, search for glaring issues in your house. These might be as minor as electrical outlet covers, lighting apparatuses, and register covers. Including an alert framework ought to additionally be considered.These updates may be very minor, but may change the appearance and allure of your house to potential buyers.

De-clutter and Clean – Take time to remove personal items and clutter from the house. Thoroughly vacuum and clean each room to make them in as inviting and appealing as possible. If possible, hire a cleaning service to do a deep cleaning prior to showing the house.

Board Your Animals – If possible, board your dog or cat prior to listing your house. This will allow your house to be shown at any time and will eliminate potential smells and odors that a cat box or dog may leave lingering on the property. Potential homebuyers will be rushed and turned off if your dog is locked in a room barking wildly while they are viewing your property.

Provide Positive Information – Leave positive information on the kitchen table for potential buyers and realtors who view your property. This information should include nearby dining, shopping, attractions, and recreation. Also, if the school system is highly rated, make sure information regarding the school district is provided. This information could be the difference between an offer on your house instead of another property.

Effectively promoting and improving the appearance of your house will not only result in a higher sales price but most likely a quicker sale. Continuously ensure before tolerating any offer that the purchaser is pre-endorsed. The exact opposite thing you will need to do is to take your home off of the business sector for a potential purchaser who may not meet all requirements for an advance. Continuously solicit to see a duplicate from any potential homebuyers’ pre-endorsement letter to confirm their capacity to acquire contract financing. An expert stager will take a gander at your home from a crisp and unemotional point of view. They have been prepared to see your home as an item, highlighting resources and making light of imperfections. By utilizing a mix of your furniture and accessories, adding new accents to update the look, and strategically incorporating a few “designer tricks-of-the-trade”, a stager is able to create the model home WOW effect . . . while appealing to your target market.

Home staging focuses on fast, dramatic and affordable transformations to ensure that your home will be the one remembered from the real estate tour. Once staged, the house will be “showcase ready”, which will also make it “photo ready”! Since 85% of home buyers are using the internet to determine which homes to even visit, photos of professionally staged rooms will set the listing apart from the rest.

Finally, home staging has been proven to be an affordable investment which reaps a large return on dollars spent . . . an investment few sellers can afford not to make in today’s highly competitive real estate market. And remember, staging almost always costs less than your first price reduction.

150 150 Relevé Real Estate

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