Posts By :

hello

Sell Your Tampa Bay Home
How To Hire a Realtor To Sell Your Tampa Bay Home 1024 683 Relevé Real Estate

How To Hire a Realtor To Sell Your Tampa Bay Home

Selling your home can be one of the biggest transactions of your life.  It is important to do some research and find out the best way for you to successfully sell your Tampa Bay home. There are many things to consider, but one of the most important things is who you will partner with to accomplish your goal.

You have the choice of going through a traditional real estate brokerage, selling the home For Sale By Owner (FSBO), or selling it to an iBuyer like Zillow or Offerpad (See this article about pitfalls of using an iBuyer).

Should you hire a Realtor to sell your house?

Things have changed.  Before the internet, realtors had insider information on home values and finding buyers.  Nowadays, sellers are more educated and have more knowledge about real estate than ever before.  It is not hard to figure out what your home value is, and making an advertisement online is usually free and easy and gets leads.

So it is now easier than ever to sell your house by yourself, but as with any DIY project, you have to weigh the cost vs the benefits.

Realtor Costs

The listing agent will usually list your home for a 6% commission on the purchase price.  This commission is split if there is a buyers agent involved in the transaction.  On a $300,000 house, 6% is $18,000. Now that you know the costs, weigh the benefits to see if Realtors are worth the money.

Realtor Benefits

These are questions to ask yourself.

  • Will it be worth your time to learn all about real estate and then do 100% of the work to sell your Tampa Bay home?
  • Is it safe to assume that you will have the expertise developed in a time when there is something that goes wrong (always happens) or match wits with experienced negotiators?
  • Would you want to have someone representing you, photographing, advertising, marketing, and showing your house?
  • Can you work up the correct contract and find the right title company, appraisers, and inspectors?  Is it worth your time to find all of these people?
  • Can you deal with this plus also your normal responsibilities and probably also looking for a new house for yourself and moving?

The value of a good realtor is expertise and systems to make the process as smooth and convenient for you as possible, while also getting the maximum value.

When you are deciding if you should hire a realtor to sell your house, think through this cost-benefit analysis deeply.  Then determine if it is better to sell by owner or with a realtor.

The difference between a real estate agent and a realtor is minimal.  Not all agents are Realtors, with being a Realtor means they belong to the National Association of Realtors.

How to Find the right Realtor for you

To pick a realtor to sell your house you should first do some research on your local housing market and even drive around during the day and night to get a feel for it. Visit open houses in your target area where you can ask local realtors questions about the market and neighborhood.

There is a lot of information online, so do some research before you hire. Check licenses, certifications, and reviews.  See if there are any red flags or question marks lingering in your head.  Ask around for a few referrals and get in touch with them.  See which of the prospective realtors may be a good fit for you.  You want someone you believe is capable, honest and reliable. Also, someone who can communicate the way you want to by text, phone, or email and someone who you feel will have the knowledge to handle complex situations.  This may be one of the biggest transactions of your life, do not feel like you have to use a certain person because they are a relative or friend of a friend.

Be open about your expectations for the communication and process of selling your home. Be thorough and request a quote.

First Meeting with a Realtor to Sell Your House

When you first meet with be prepared to talk about your finances.  They are going to need to know what your thresholds are for a sales price and time frame that you have to work with.  Discuss if there are any deal-breakers or must-haves with the property.  Disclose any issues you might know of with the property so they do not become BIG issues later.

Have an open mind and listen to what they say.  It may not be what you were expecting, but be flexible and see if there are other ways to accomplish what you are trying to do.  Real estate is a creative sport with many different ways to get things done.

Questions to Ask a Realtor When Selling Your Home

  • What is your training, experience, and background?
  • What is the recommended sales price for your home?
  • Can you provide addresses and prices of homes you have sold within the last year?
  • What is the suggested marketing plan?
  • What do we need to get the home to a marketable condition?
  • Do you have any references?
  • What are your commission and fees?

Can you have more than one Realtor when selling a house?

Yes, you can work with as many agents as you want to list your house, as long as you do not have an exclusive agreement with any of them.  Many people do not know this and in some ways, it may work in the seller’s favor to have many competing realtors working on the sale.

Some say that it would discourage some realtors from taking a listing if there are other agents involved because they could do a lot of work and end up not being paid for it.  Just be transparent with agents involved so that everyone knows what they are getting involved in.

How can I Lower my Realtor Commission?

Most real estate listing commissions are a standard six percent of the sales price paid by the seller. The buying and selling agent will split this commission.  If there is no buyer agent, you should have a ‘dual agent’ commission rate also.  That way if there is no split of commission, the selling agent would not get the full 6%, this gives you room to negotiate.

If you will be buying in the same region as you are selling your home, you should see if the listing agent will offer a discount if you agree to use them to purchase your new home.  They can end up making more money off of the two sales then they would with a full commission on one sale, so it can be a win-win negotiation.

You can also shop around and get rates from different realtors and then have them compete for your business.  Find out what value they will be bringing to the table to justify any comparatively higher commissions.

Finally, not jumping on the first offer and holding out for a higher sales price can let you pay less in commission in comparison to how much sale proceeds you are getting.

Conclusion

Ultimately, you must decide if using a realtor is right for you.  It has to make sense from a financial standpoint, as well as an emotional standpoint.  Be sure to be selective and research before hiring the person that will partner with you on possibly the biggest transaction of your life.

Home Selling Mistakes
Home Selling Mistakes 1024 683 Relevé Real Estate

Home Selling Mistakes

Home selling mistakes happen, and can really have a big impact on how much money you walk away with.  Let’s take a look at 7 things not to do when selling your home.

1. Underestimate Selling Costs

The total cost to sell a home will easily get into the thousands.  Using a real estate agent is generally a  5-6% commission. But you also have to account for closing costs, repairs, and other concessions to the buyer. The final cost to sell your home can be closer to 10% of the sale price.

2. Listing Too High

The price you want and may not be what the market is actually willing to pay. With the amount of comparable real estate data on the internet, both buyers and sellers are reasonably knowledgeable about the price range.

3. Discarding Lower Offers

The highest offer is not always the best offer for what you need. It is common in many traditional sales to have contingencies. These are conditions that must be satisfied for the sale to close. You may have contingencies that protect the buyer’s interests like a financing contingency or an inspection contingency.

4. Repairs and Renovations

Many buyers will require an inspection before closing, and a long list of maintenance issues can turn buyers off.  More importantly, this could potentially decrease the value of your home. Buyers expect the condition of your home to match what you put in the description. Make sure repairs are taken care of so they do not show up in a home inspection.

5. Not Cleaning and Organizing

Listing your home on the market and showing it to prospective buyers can be challenging. Maintaining a cleaner, less cluttered, and more well-decorated home will give it more appeal.

6. Hiring the Wrong Agent

If you choose to work with a real estate agent, make sure you select an agent who has good local experience. Some agents charge a flat fee, while others charge a percentage of the sales price, usually 5-6% percent that can be split if there is a buyer agent.

7. Not considering your broader financial situation

Contact your mortgage lender to find out exactly how much you owe on your current home. The payoff could be higher than expected because mortgages are paid in arrears. This, along with your target sale price, and the total cost of selling a home, will give you an idea of how much money you will get after the sale.

Finally, you want the home selling process to be as smooth as possible. Thinking about all the things that can go wrong might be overwhelming, but now that you’re aware of some common home selling mistakes to avoid, you can be more confident in the process.

JB Starkey Ranch Wilderness Park
What to Know about Starkey Ranch New Homes 640 480 Relevé Real Estate

What to Know about Starkey Ranch New Homes

Starkey Ranch New Construction Homes are part of a new master-planned community northwest of Tampa.  The community is noteworthy for building an amenity-rich lifestyle for families and active adults. Starkey Ranch is quickly becoming one of the premier neighborhoods in Tampa Bay. It has many desired amenities, close to Starkey nature park and new grocery stores.

Amenities and Living Green

When you purchase a new home in Starkey Ranch, you would not even need to leave the neighborhood for many activities. Starkey Ranch was built to embrace nature with 20 miles of hiking trails, over 150 acres of parks, community pools, kayaking, yoga, gardens, athletic fields and more. Starkey Ranch has sites for Class A and medical office, hotels and supports retail. The Starkey Ranch Town Square includes Publix, shops, restaurants, and apartments. All homes built in Starkey Ranch meet or exceed national standards for energy efficiency. The builders are creating far more efficient green homes today than ever before.

Location, Location, Location

Starkey Ranch new homes are located just north of State Road 54 near the Suncoast parkway.  It is a growing area with several new developments going up nearby including Bexley, Concord Station, Ballantrae, Oakstead, Asturia, and Long Lake Ranch. New construction homes are being built on more than 2,400 acres adjacent to the Jay B. Starkey Wilderness Preserve. Grocery stores are springing up along 54 and retail, restaurants and services are moving in. The location is convenient for commuting to Tampa or Clearwater area and there are many nearby towns such as Lutz, Trinity, New Port Richey, and Wesley Chapel. Starkey Ranch new homes are 25 minutes north of Tampa International Airport, 20 minutes east of the Gulf beaches, and an easy commute to Westshore, USF, downtown Tampa, and MacDill AFB.

A-Rated Schools

Starkey Ranch A-rated Odessa elementary school, Longleaf elementary school, and Five Star rated River Ridge middle school and River Ridge High School. Consequently, Starkey Ranch is in high demand for families with school-age children.

Variety of Builders and Home Types

The builders in Starkey Ranch include Esplanade, Pulte, M/I Homes, WestBay, and Taylor Morrison.  There are all home types available from Townhomes, Single Family Homes, to Luxury homes.

The Odessa Real Estate Market

Finally, the Odessa area is seeing significant growth and real estate appreciates in value.  The market has been strong with a high amount of people moving to the Tampa Bay area monthly. A growing population will continue to sprawl where land is available and currently that is north of SR 54.

Buying a New Construction Home

A buyer’s agent can help you to navigate through the available choices and help you to find the right home for you.  Using a local broker can help you to get the upgrades and incentives you want on your new home purchase, and also get cashback at closing.

Get in touch with a Starkey Ranch new home buyer’s agent today to get representation for your new Starkey Ranch home.

 

epperson ranch
Epperson Ranch – 5 Things to Know 350 262 Relevé Real Estate

Epperson Ranch – 5 Things to Know

The new Epperson Ranch community is located in Wesley Chapel Florida and once it is completely built out it will include 1,500 homes with 260,000 sq. ft. of on-site commercial, office, and hotel space.

1. Location – Wesley Chapel

Wesley Chapel is an excellent community with top schools, healthcare facilities, and plenty of shopping options. Located in Pasco County, the area is rich in history while also having an abundance of new homes and infrastructure. Local to the community are many boutique shops, restaurants, and stores. The Shoppes at Wiregrass and the Tampa Premium Outlets are a short drive from the community. There are also many great attractions within the Tampa Bay area that are accessible by Bruce Downs Blvd, SR 56, and Interstate 75.

The Wesley Chapel area is seeing significant growth and real estate appreciates in value.  The market has been strong with a high amount of people moving to the Tampa Bay area monthly. A growing population will continue to sprawl where land is available and currently that is north of SR 54.

2. Lagoon

Epperson Ranch is the first community in the United States to offer an 8-acre, man-made Crystal Lagoon swimming pool with resort amenities including a private beach, water slides, swim-up bar, event pavilion and more.

3. Other Amenities

Miles of nature trails, a 5-acre dog park, a fire pit, various playgrounds, UltraFi, wifi parks, community events and a host of other great amenities for residents to enjoy. Some more unique amenities include autonomous vehicle paths, birdhouse village, wellness way, picnic pavilions, shaded tot lot, gated entry, golf cart paths, event pavilion, restaurant, and recreation watercraft rentals.

4. Above Average Rated Schools
Epperson Ranch Public Schools Great Schools Rating
Wesley Chapel elementary school 7
Thomas E. Weightman middle school 7
Wesley Chapel High School 6

5. Builders

The builders in Epperson Ranch include Maronda Homes, Freedom Homes, Express Homes, Avex Homes, Lennar, Pulte, and M/I Homes. Some neighborhoods in Epperson Ranch are maintenance-free.  There are all home types available from Townhomes, Single Family Homes, to Luxury homes.

Buying a New Construction Home

A buyer’s agent can help you to navigate through the available choices and help you to find the right home for you.  Using a local broker can help you to get the upgrades and incentives you want on your new home purchase, and also get cashback at closing.

Get in touch with an Epperson Ranch new home buyer’s agent today to get representation for your new Epperson Ranch home.

rental property diy
Rental Property DIY for Maximum ROI 1024 683 Relevé Real Estate

Rental Property DIY for Maximum ROI

Rental property DIY projects are quite different compared to what you would do to renovate a home you live in. When you renovate a rental property you need durability, longevity and an edge in the rental market. Here are the Do-It-Yourself projects to get the highest rent possible and preserve your investment:

Paint

The most obvious project would be painting the interior of your property. The project can be very time consuming but can save you thousands of dollars and provide an instant upgrade to prospective tenants. Using exterior paint for the interior can increase the longevity as stains can normally just be cleaned up rather than touch-up paint. Neutral but not boring colors can appeal to a wide range of tenants.  Our recent favorite color is Sherwin Williams Repose Grey.

Flooring

Although it will take time and money, floors can be redone relatively simply today.  Vinyl flooring and other new products can cut to fit very easily and essentially just stick on to the floor.

Paint Cabinets

The tv shows are popular where they go in and demolish the kitchen.  But this is oftentimes unnecessary.  You can bring new life to a kitchen by simply painting the cabinets, its an instant upgrade.

Hardware

A simple and inexpensive upgrade can be to change out the hardware on your cabinets and fixtures.  This will make your property look more upgraded and modern.

Smart Home

Smart home technology is getting more affordable and user-friendly.  Devices like smart thermostats, smart door locks, and smart cameras can give you an edge in the rental market.  Being able to advertise as a smart rental will make your property more energy-efficient, automated and safe.

Paint other Areas

Painting a lanai floor can freshen up the outside and make it more appealing.  Staining a deck can instantly improve the impression of the rental property.  Instead of using an epoxy garage floor kit, just use some primer and paint to make your garage look great.

Pressure Washing

Pressure washing provides immediate benefits to dingy-looking areas.  Driveways, sidewalks, walkways, roofs, and entrances can go back to looking like new for very little comparative costs.

What are your favorite rental property DIY projects?

Property Management Companies
What Do Property Management Companies Do? 300 300 Relevé Real Estate

What Do Property Management Companies Do?

Property management companies manage the day to day operations for real estate assets.  The assets include residential, commercial and association owned properties. The companies can be on-site or off-site depending on the size of the account.

Property managers offer a wide array of services that can really include anything to do with the property. It seems like whatever needs to be done, they do. The primary responsibility includes finding tenants, coordinating maintenance and accounting.

A full-service management company would offer many services such as:
  • online owner agreements
  • rental rate assessment
  • property rental ad creation
  • online rental ad marketing across 50+ websites
  • screening, scheduling and hosting all showings
  • online rental applications
  • credit, criminal, income and employment screening
  • online leases
  • collect and hold security deposits
  • move-in/out inspections
  • tenant orientation (bylaws, keys, amenities access, rules, etc)
  • maintenance requests – available 24/7
  • repair quotes
  • project management
  • pay maintenance invoices
  • lease renewals
  • submit eviction paperwork/fees and monitor cases
  • online monthly owner statements
  • rental matching comparisons to ensure maximum rental rate
  • online 1099 forms
  • and whatever else is needed to get the job done right.

The company will usually have a contract with the owners of the real estate. Property management companies get paid a commission based on the revenue they collect. So for a property that brings in $2000 per month and the manager has a 10 percent commission, they would make $200.

Skills needed by property managers include customer service and relationship building skills. They are the middleman for owners, tenants, maintenance vendors, and associations. They need good experience in maintenance, repairs, costs, and renovations.  Local market knowledge is necessary along with other strengths in accounting, photography, and marketing.

You never know quite what can happen in real estate and you never know what a manager might need to do to get the job done.

Finally, people hire property managers to make their investments a passive income for them. A good manager will handle everything that needs to be done.  Ideally, as an owner, all you would need to do is sit back and wait for the direct deposit.

property management costs
Tampa Property Management Costs 1024 769 Relevé Real Estate

Tampa Property Management Costs

Tampa property management costs include management, leasing and renewal fees based on a percentage of the gross monthly rent.  Average rates would be 12.5% management fee, 25% leasing fee, and 12.5% renewal fee.

Costs vary with some companies being in the lower range of rates and some near the higher range. Let’s take a look at some examples of the different price ranges and what they mean.

Disclosure: Relevé Real Estate charges no junk fees. We charge a low-range management and leasing fee only.  Being a local brokerage, we can be flexible and customize our pricing to your situation.

The below table breaks down the costs for a rental collecting $1,500 per month in gross rent.

PM Costs Monthly Rent Management Fee Leasing Fee Renewal Fee One Year Total
Low Range $1,500 $150 $150 $75 $1,950
Average $1,500 $187.50 $375 $187.50 $2,625
High Range $1,500 $225 $750 $375 $3,450

You can see the cost of a property manager can vary greatly and it is a good idea to shop around. You could be paying double for the same service by going with the wrong company.  All the money you do not unnecessarily spend on management is cash flow for your investment property.

Management fees

Management fees in the Tampa Bay area range from 10 – 15% of the gross monthly rent. These fees are for services that generally include the monthly tasks associated with your property. Tasks like collecting rent, handling maintenance requests and accounting.

For example, if your property gets $1,500 per month in gross rent, a 10% management fee would be $150 per month.

Leasing fees

Leasing fees have a larger range from 10% to 50% of the first month’s rent. These fees cover the service of placing a new tenant in your property.  This generally includes marketing your rental, screening tenants, creating leases and move-in inspections.

For example, if your property manager secures a new tenant for the rental rate of $1,500 per month, a 50% leasing fee would be $750. If you also may have the 10% management fee, this would be $900 for the first month, and then $150 for the rest of the months in the lease terms.

Renewal fees

Property Management costs in Tampa sometimes include renewal fees. Renewal fees should be about half of the leasing fee. This is because less work is needed to renew the lease with an existing tenant than to find a new one. In a lot of cases, all is involved is just a lease renewal created and signed by the owners.

For example, a 25% leasing fee for a $1,500 per month rental would be $375. This would be every time an existing tenant renews the lease, usually annually. If you also have a 10% management fee, this would add $150 and your total monthly costs for the renewal month would be $525.

Miscellaneous fees

Property Management costs in Tampa can sometimes include other miscellaneous fees. These fees are usually arbitrary and their costs are set by the individual company. In general, you would want to avoid these fees as they can add up and reduce the amount of return you are getting on your investment property. Some of these junk fees to watch out for include marketing, processing, sign-up, maintenance, notice and eviction fees.

On your $1,500 per month rental starting January 1, on average in the Tampa Bay area you would spend $375 in leasing fees and $2,250 in management fees for a total of $2,625.

Flat-Rate Property Management

Less popular is the flat-rate property management costs marketed by some property management companies. This usually involves a low flat-rate monthly management fee around $50 – $75. Then there are hourly charges based on the amount of work done for the property. Charges for the additional work not covered by the base fee can be $50 – $100 per hour.  Additional hourly work usually includes performing certain tasks such as preparing new documents, overseeing maintenance and performing inspections. This is essentially a pay-for-performance model in the property management industry.

Ideally, this would be the way to go if and only if your investment property meets these 3 criteria:

  1. High rental rate
  2. Low maintenance costs
  3. Great Tenants

Flat-rate could potentially save you money if you have a high rental rate.  The $1,500 per month example earlier with a new flat rate $50 fee could save you $100 per month.

If the home is newer or you are confident you will not have many maintenance issues, this pricing can save you money as well.

If you have great tenants the property is basically on autopilot and paying your manager as little as possible is a good idea. But things can change fast, great tenants can move out, or unforeseen circumstances can turn good tenants bad. One bad tenant could ruin your cash flow on a flat-rate model.

Discounts and flexibility

When researching property management costs in Tampa Bay, you would want to get estimates from several companies. Local brokerages usually have low expenses and can be more flexible with the rates. Be sure to describe your specific situation as there may be discounts for having multiple properties or promotions.

Property management costs are tax-deductible and allow your investment property to be almost a completely passive income.

big-box real estate agencies
The Problem with Big-Box Real Estate Agencies 1024 683 Relevé Real Estate

The Problem with Big-Box Real Estate Agencies

The problem with big-box, national franchise real estate agencies is it is forcing their agents to only care about the commission. Behind the scenes, agents are not looking out for their clients, they are looking out for number one.  The number one question asked is “what’s my commission?”

Are They Local?

Do you have a local real estate agent?  If they are from one of the national big-box real estate agencies, they are not truly local. The majority of the money from the sale of your home goes to fund national chains, not your local community.

Big-Box Fees and Dues

The real estate agent has to pay their desk fee each month, pay for any marketing, expenses, and driving.  Not to mention they are probably spending money on outdated things like business cards, name tags, and direct mail. When they close a deal they have to pay their team leader, their broker and then their franchise. There is little left per deal for most agents. The reality of it is that behind the scenes, all real estate agents really care about is their commission. The current structure of real estate agencies isn’t geared towards creating a customer service based local business, but a turn and burn pyramid where the actual money is made by having a bunch of agents underneath you.

The Customer Comes Second

Realtors fighting for the commission will take you to houses with the highest commission for them. If they think an offer is too low, they will not present it to you. Pro bono work like helping people find a place to rent or doing some research is avoided because it would pay too little. They are not able to offer a 1% buyer rebate or reduced commission simply because they can’t. When a deal is tight or an appraisal comes in low and cutting commission is the only way to make it happen, they can’t, they have too many expenses and people to pay.

Bad Reputation

It just creates a more aggressive, self-promoting and desperate real estate agent. Just ask if anyone knows a good real estate agent on Facebook and see what happens.

Finally, these big-box real estate agencies are not supporting the local economy. When the money goes to headquarters, it’s gone. When you go with a local brokerage, the money stays in the local economy and is used to improve property values and support local charities.

Find people that want to put the customer first. Agencies that want to build a solid company based on strong customer service. Not some franchise where new agents last six months.

Next time you are looking for a real estate agent, realize who you are really helping. There are very few actual boutique brokerages in the Tampa Bay area.

ibuyers
The Truth About Using iBuyers to Sell Your Home 1024 683 Relevé Real Estate

The Truth About Using iBuyers to Sell Your Home

We’ve all seen the marketing of getting an online offer fast and how easy it is to sell your home using iBuyers like Zillow, Offerpad, Opendoor, and others. Why would you use a conventional real estate agent and go through all the hassle of cleaning and showings? Sounds good, doesn’t it.

Well, the process of selling your home doesn’t really change, its just a marketing spin. 

The Offer

First of all, the offer is going to be below the market. This is essentially a built-in trade-off for the ‘convenience’ and ‘expedited process’. The properties are being bought by investors one way or another and they want a return on their investment. You will be losing equity from the beginning.

The Process

The second problem is that everything is on their terms. They can’t change their processes to accommodate you and your unique situation. You are dealing with a giant company, not an individual buyer or agent.  It’s their title agency, their contract, their rules.  You have to do what they say or they will walk away.

Which is the core problem with iBuyers.  The one who holds the power in the negotiation is the one who can walk away. For them, you are really just a number, but to you, this is likely your biggest investment on the line and you can find yourself trapped.

The Catch

Finally, the inspection will come back with all kinds of repairs and little problems and they will reduce their offer. Now you are far along in the process, have invested a lot of time and money to get where you are, and then they put you in the position of lowering your sales price or they walk away. You have no other options because your house hasn’t been on the open market and you have no other offers. After being involved in this for a few months you do not want to start all over with a realtor.  They know this and the system is set up for you to fail. The investor will take your equity based on marketing gimmicks like ‘convenience’ and ‘speed’. 

Find a local brokerage and have a conversation about what your home value is and list it with a local business. Keep the equity you have earned.

What to Know About Asturia New Homes 150 150 Relevé Real Estate

What to Know About Asturia New Homes

New Construction Homes in Asturia are part of a new signature mixed-use, master-planned community. They are conveniently located on State Road 54 in Odessa, Florida and developed by Hines. The neighborhood will include residential houses, community amenities, parks, and infrastructure.

Amenities for the Active Lifestyle

Asturia’s new construction homes feature a 5,800 square foot resort-style amenity center.  In addition is a state-of-the-art fitness center provides residents with equipment to get fit, including free weights, strength training machines, and cardio equipment. There is a resort-style community pool, trails, parks, and greenspace.

Location, Location, Location

Asturia’s new homes are located just north of State Road 54 near the Suncoast parkway.  It is a growing area with several new developments going up nearby including Bexley, Concord Station, Starkey Ranch, and Long Lake Ranch. Grocery stores are springing up along 54 and retail, restaurants and services are moving in. The location is convenient for commuting to Tampa or Clearwater area and there are many nearby towns such as Lutz, Trinity, New Port Richey, and Wesley Chapel.

A-Rated Schools

Schools for Asturia include A-rated Odessa elementary school, Seven Springs Middle School and Seven Springs High School.  There are also private and charter schools nearby. Therefore, Asturia is in high demand for families with school-age children.

Variety of Builders and Home Types

The builders in Asturia include David Weekley, ICI, Park Homes, and Ryan Homes.  There are multifamily apartments and expected to be 670 residential home lots.  The homes are generally 3 – 5 bedrooms with 1,650 – 3,200 square feet priced from the high $200s. When construction is complete, Asturia will feature 550 single-family homes, 200 townhomes, 440 multifamily units, up to 380,000 square feet of build-to-suit commercial space, and 350,000 square feet of office industrial space.

The Odessa Real Estate Market

In conclusion, the Odessa area is seeing significant growth and appreciation.  There is a high amount of people moving to the Tampa Bay area each month. A growing population will continue to sprawl where land is available similar to SR 54.

Buying a New Construction Home

A buyer’s agent can help you to navigate through the available choices and help you to find the right home for you.  Using a local broker can help you to get the upgrades and incentives you want on your new home purchase, and also get cash back at closing.

Get in touch with an Asturia new home buyer’s agent today to get representation for your new Asturia home.

 

agent finder home
Don’t use an Agent Finder 1024 769 Relevé Real Estate

Don’t use an Agent Finder

When you search online nowadays for things like ‘realtor near me’ or real estate agent near me’, the current results show many ads and “agent finder” or lead generation websites.  This can make it difficult to find an actual local brokerage.

Where are all the actual local real estate agents that I can actually meet? How do you find someone actually local that can help me with my specific real estate needs?

There are a lot of problems when you go down the road of clicking on ads from Zillow or Dave Ramsey, or organic results found on Upnest, HomeLight, RocketHome, EffectiveAgents, or any of the others.

First of all, every realtor recommended by an agent finder had to buy those leads. They are spending marketing money to buy your search. Being included in these can be quite costly, and in some cases, the agent finder gets part of the sales commission. The bottom line is these realtors make less money per deal, which means they have to do more volume, which means less quality service to each individual client. There is just no other way around it.

The second problem is spam. When you fill out the form at an agent finder, it will send your information to multiple agents. So, your lead is bought by many different agents competing for your business. Your phone starts blowing up with calls, texts, and emails, soon they are just harassing you or adding you to an auto-spam list. Even later, when you have opted out, they will pass along these leads to junior realtors or try to sell them to other companies and the process starts over again.

Another issue is marketing is not actually authentic. These lead generation companies’ recommendations are not for people they know and trust, they are recommended because they pay the most money.

Finally, a buyer rebate or reduced commission listing that could have gotten you cash back at closing was instead paid out to these lead generation companies.

Maybe one day the Google algorithm will change and these sites will disappear. drop all of these agent mills and show real local results. That will put most of these places out of business.

So skip the agent finders, dig a little deeper in your search or ask around to find an actual local brokerage.   The best local agents know the specific area and can give you customized, quality service.

buyer rebate on new home
Buyer Rebate for Home Purchase gets you Cash Back at Closing 1024 683 Relevé Real Estate

Buyer Rebate for Home Purchase gets you Cash Back at Closing

A buyer rebate is becoming more popular in the real estate industry.  As the competition grows,  savvy home buyers are asking for cashback at closing.

What is a buyer rebate?

A buyer rebate is part of the real estate commission given as a credit to the buyer on a closing statement. This money is generally around 1% of the total purchase price. This becomes the buyer’s money to use as they wish.

This means the less that is paid out in real estate commissions, the more money you get back on the purchase of your home. For example, on a $300k house, keeping 1% can be $3k.

What can buyer rebates be used for?

With so many costs involved in purchasing a home, this extra money can really be a lifesaver.  Popular uses for the rebate include:

  • down payment
  • closing costs
  • moving expenses
  • furniture expenses
  • home insurance policy
  • prepay property taxes
  • decorate your new home
  • upgrade to make the home your own

The money is yours to spend however you want, you can even receive a check at closing to put in your bank.

How does my buyer agent get paid?

Real Estate buyers do not directly pay the buyer’s agent.  The buyer’s agents commission comes from the seller.  Essentially, the seller sets a commission payout usually around 6%.  Then the seller and buyer agent split the commission.  So, if a buyer agent was to receive 3% and rebate 1% to their client, they would still receive a 2% commission.  On a $300k house, that would be $6k, which would still be a win for everyone involved.

How do I get my buyer rebate?

Finally, you need to ask about a buyer rebate and if that is something the broker would offer. Many times you are dealing with a realtor from a national franchise that A) doesn’t make enough on the purchase to offer that rebate and B) isn’t allowed to at the company.

Going with a local brokerage can work with you to save you money and get as much cashback as possible. You don’t have to sacrifice any quality or customer service for the discounted rate because local brokerages do not have huge overhead costs or franchise fees. Many times local small businesses also keep the money in the local economy and support local philanthropy and charities.

Tampa FL Property Management Company
Searching for a Tampa FL Property Management Company 992 400 Relevé Real Estate

Searching for a Tampa FL Property Management Company

tampa florida property management
A Tampa FL property management company has many important responsibilities. It takes care of issues on your property and your tenants. It is imperative to choose the right company so the profit you earn will continuously flow.

Here are things to look for when searching:

  1. Experience – When you are looking for a Tampa FL Property Management Company, you need to make sure they can manage your property effectively. Are they able to perform minor and major property repairs? Their knowledge must be expansive to include appliances, plumbing, sinks, toilets, and other fixtures. They should be confident enough in their employees and should be aware of the skills needed for certain tasks. They should know the aspects of HVAC and if possible, have a certification in this area.
  2. Communication – The Tampa FL property management company you get must not only be aware of manual labor but must also have employees skilled in people relations. Their personnel must know how to deal effectively with clients or tenants on a regular basis. They must be able to communicate properly, both through written and oral communication. Their staff must be knowledgeable about computer software so they can organize and file their rental payments and activity records.
  3. Accounting – The property management company you get should have people who are experts in billing, collection, and bookkeeping. It deals with your tenants and rental collection every month and keeps track of the money they receive.  They must be excellent in bookkeeping and mathematics. The company will also need to be skilled in colletions, rights and regulations for services such as past-due payments and evictions.
  4. Reputation – You need to do a background check on the Tampa FL property management company you hire. This is especially important for on-site property management companies. Their employees will one day need access to do inspections and repairs, and your tenants have to feel safe and comfortable. You will be responsible for any injury or damage by the employees of the property management company. Ask for certifications and licenses from them as a good basis for an excellent reputation.

Knowing who you work with is important, especially in a business such as real estate. Real estate involves interactions with clients, tenants, maintenance, inspectors, contractors, and associations. With these things to search for in a Tampa FL property management company, you, your business and your tenants will be in good hands.

tampa real estate growth
Tampa Real Estate Growth 1024 694 Relevé Real Estate

Tampa Real Estate Growth

tampa growth

Tampa’s real estate growth has been expanding year over year.  There is consistent development along State Road 54 and the I-75 corridor. No state income tax and mild winters are continually attracting more residents each year.

First of all, the Tampa-St Petersburg, FL metro area had a 57,412 numeric population gain over the past year. This puts them at 13th in the nation for population growth.   This is according to the United States Census Bureau.

Similarly, Texas saw the biggest year over year gain in Dallas where the numbers were almost triple what the numbers in Tampa Bay are.

Most noteworthy, Hillsborough County alone has hit 1.35 million residents, which is a 2.33% gain since last year.  The rate is of growth for Florida is estimated at being about 1,000 people per day moving in.

As a result, this means more people on the roads, at the beach, using water, etc.  Florida’s infrastructure will have to continue to grow to support the influx.

Consequently, thousands of new homes are being built along the State Road 54 corridor.  Neighborhoods in Land O’ Lakes continue construction including Ballantrae, Asturia, Bexley and Concord Station.  Many new residents of Florida are finding this as an ideal place to live with a new Premium Outlet Mall, Restaurants and many things to do.

From Wikipedia, The largest cities in the Tampa Bay Area are Tampa in Hillsborough County, and the cities of St. Petersburg and Clearwater in Pinellas County.

Finally, the population of the Tampa Bay Area is estimated at 4,310,524 people as of 2012. The Tampa Bay U.S. Census data showed an average annual growth of 2.5 percent or a gain of approximately 97,000 residents per year between 2000 and 2006.  This number is growing from 3.4 million to 3.9 million and hitting the 4 million mark on April 1, 2007. A 2012 estimate of the Tampa Bay Area shows a projection of about 5.9 million residents by 2017.

Tampa real estate growth will continue into the 2020s as more people move in from the north. For expert property management and home sales in the Tampa Bay area, contact Relevé Real Estate today.

as-is tampa real estate
As-Is Tampa Real Estate Listings 1024 683 Relevé Real Estate

As-Is Tampa Real Estate Listings

‘As-is’ condition homes listed for sale in the Tampa Bay area are listed this way for several reasons.  This may be an inherited property in which family members do not have time to fix it up.  Another reason could be an out of state owner who does not have time to do any renovations. Finally, there could be no money available to put into the property.  Before listing ‘As-Is’ on your Tampa real estate, there are a few things to consider.

1. Limiting the Buyer Pool

Listing your Tampa home ‘As-Is’ could eliminate possible FHA and VA loan buyers.  Some conventional loans will also want inspections to be done and to qualify for lending.

When there are a lot of repairs to be done, your prospective buyers will mainly be cash buyers and real estate investors.  These types of buyers are looking for the lowest possible price. The real estate investor will likely fix up the property and then sell it for around 33% more.  Before listing as-is, ask yourself if the equity is worth the time and money.

2. Discounted Sales Price

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

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

We understand certain home repairs may be financially out of the question for some sellers and they simply must sell the home in its current condition.

Declutter – Make the home look as nice as possible.  Remove all clutter and make sure everything is detail cleaned to give the home its best appearance possible.

Home Inspection – You should also get a home inspection and then disclose the necessary repairs to the buyers.  This will give an actual idea of what it will actually take to improve the home.  The buyer can make informed decisions on the actual value of your as-is Tampa real estate listing.

Cleaning – a thorough deep cleaning can really improve the overall marketability of a home.  Details like baseboards, grout, dust and stains can be easily cleaned up and restored to a newer state.  Cleaning is relatively inexpensive and is most likely always worth the investment.

reduced real estate commission
Reduced Commissions get you Cash Back on your Home Sale 1024 683 Relevé Real Estate

Reduced Commissions get you Cash Back on your Home Sale

Reduced commissions on your home sale are becoming more popular in real estate as the competition grows. Sellers have more options as far as iBuyers, flat-fee, discount, MLS-only, and the knowledge to list it themselves.

The real estate industry standard has always been between 5 – 7% of the sales price and that would be split between a buyer and seller agent. Now it is more common to see 5% or less.

This means the less you pay in commission, the more money you keep on the sale of your home. This could end up saving you thousands of dollars that would have otherwise gone to commissions. For example, on a $300k house, keeping 1% can be $3k. It’s a decent amount of money that can help you to buy another home, cover moving expenses or get new furniture.

Other alternatives are to do a flat-fee listing where sellers can select their level of services they would want for their home sale.  This can create a customized experience to the particular situation of each seller.  With an MLS-only listing, this will help the for sale by owners to gain more exposure to their home through listing on the MLS and other websites.

Either way, you need to ask about reduced commissions and if that is something the broker would offer. Many times you are dealing with a realtor from a national franchise that A) doesn’t make enough on the sale to offer that reduction and B) isn’t allowed to at the company.

A local brokerage can work with you to save you money and keep as much equity as possible. You don’t have to sacrifice any quality or customer service for the discounted rate because local brokerages have little overhead and expenses. Local small businesses oftentimes keep the money in the local economy and support local charities.

bexley new homes
What to Know about Bexley New Homes 1024 683 Relevé Real Estate

What to Know about Bexley New Homes

New Construction Homes in Bexley are part of a development by Newland Communities.  Newland is most noteworthy for building an amenity-rich lifestyle for families and active adults.

Amenities for the Active Lifestyle

When you purchase a new home in Bexley, you would not even need to leave the neighborhood for many activities. Fitness activities include hiking trails, fitness centers, playgrounds, a dog park, and a bike park.  There are two community pools for lap swimming or cooling off in the summer.  The clubhouse has a game room and there is the Twisted Sprocket cafe for dining.  There is a bike shop where you can get your bike repaired or rent electric bicycles.

Location, Location, Location

Bexley new homes are located just north of US HWY 54 near the Suncoast parkway.  It is a growing area with several new developments going up nearby including Starkey Ranch, Asturia, and Long Lake Ranch. Grocery stores are springing up along 54 and retail, restaurants and services are moving in. The location is convenient for commuting to Tampa or Clearwater area and there are many nearby towns such as Lutz, Trinity, New Port Richey, and Wesley Chapel.

A-Rated Schools

Bexley has its own elementary school, Bexley elementary, and then A-rated schools for Middle and High School, Rushe and Sunlake High respectively. Bexley will be building its own preschool and there are also private and charter schools nearby. Consequently, Bexley is in high demand for families with school-age children.

Variety of Builders and Home Types

The builders in Bexley include Arthur Rutenberg, Del Webb, Cardel, David Weekley, Pulte, Homes by WestBay, ICI Homes and Lennar.  There are all home types available from Townhomes, Single Family Homes, to Luxury homes and 55+ Active Adult.

The Land O’ Lakes Real Estate Market

Finally, the Land O’ Lakes area is seeing significant growth and real estate appreciates in value.  The market has been strong with a high amount of people moving to the Tampa Bay area monthly. A growing population will continue to sprawl where land is available and currently that is north of HWY 54.

Buying a New Construction Home

A buyer’s agent can help you to navigate through the available choices and help you to find the right home for you.  Using a local broker can help you to get the upgrades and incentives you want on your new home purchase, and also get cash back at closing.

Get in touch with a Bexley new home buyer’s agent today to get representation for your new Bexley home.

 

dont overpay for home
Don’t Overpay for your Wesley Chapel Home 1024 768 Relevé Real Estate

Don’t Overpay for your Wesley Chapel Home

dont overpay for home

Don’t overpay for your new Wesley Chapel home by taking these steps to prepare for your purchase.

Shopping for a new home or investment property can be a daunting task. Having a real estate agent on your side can help to guide you through the process.  They will work to make sure you are getting the best deal. There are many things sellers can do to arbitrage the sale.  The result is you overpay for the property.  Do not get caught up in a Wesley Chapel Homes bidding war.  There are many things to look out for to make sure you are shopping smart.

1. You or your real estate agent should research the local housing prices and trends

There are many factors in play when determining the price of a home.  Trends and fluctuations in the market can play a big role in what the house ultimately sells for.  But there are many unique things to consider about each property before making an offer.  The condition of the home, amenities, pool, lot size, inspection, appraisal, etc.

You want to be able to do an analysis of comparable homes within the same local area.  Then you can add or subtract the other factors of the house.  Sadly, some real estate marketers can also manipulate a number of those factors to their advantage and make it appear to consumers to they need to pay more.

To prevent a number of these traps, it is necessary to get price comparisons of recent sales. Accurate real estate agencies will provide this data which can be used to make an accurate value.

2. Don’t forget the expenses of maintenance and renovations

Even if you do win a bidding war, you will still need to add in the cost of maintenance and renovations. After searching and finding the right home, new owners are typically compelled to check into repairs and renovations.  You will want to make the home fully useable and capable of living up to expectations.

Prior to accepting a purchase price, it is critical to assess the given value. If the maintenance or renovations may stretch your finances too far, it might not be suitable on your budget. Be sure to speak to your realtor and investigate the type of inspection needed.

3. Sales escalation cause

Any escalation clause normally shows the initial price listing and this is anticipated to rise by means of bidding warfare. The gain of employing this clause is it enables an ability new owner to see whether if the given belongings can go for a rate is lower than registered inside the escalation motive.

4. Persist with your plans by way of avoiding the mind games

Again it’s incredibly crucial to write to your house pricing goals even in case you are in a bidding war. Auction of actual estate houses is just like any other business. This implies the price of a given home can be overvalued simply to make certain the auctioneer gets to make excessively large earnings from the unsuspecting bidders.

Continually persist with your price if you believe you have the value right. To the surprise of many, some auctioneers generally do come back and take the initial amounts which were rejected for being “low”.  Consequently, it’s far vital to study the home appraisal.  This allows you to examine a property from a purely economic and on a rational foundation. This could greatly assist in negotiating for a home on the right and lower rate, making sure you don’t overpay.

 

renovate lutz home
Before you Renovate Your Lutz Home 1024 832 Relevé Real Estate

Before you Renovate Your Lutz Home

Before you renovate your Lutz home there are a few things to consider.  Is the closing day the best day to begin the renovations on your new Lutz, Florida home?

You have probably been through a lot during the buying process and have finally made it to the day  you get the keys.  Ideas and visions of how the house can look with some renovations are on top of mind.  Renovations can add a lot of value to the home and give you a great return on your investment. But should renovations be done prior to moving in or should you wait until you have had ample time to plan?  Let’s take a look at some reasons why it might be better not to rush into any major plans.

1. The house may tell you something different

You may have great ideas for the kind of improvements you would like to make to renovate your Lutz home as soon as you become the owner. But once you live in a home for a little while you may find out  it was built for a specific reason.

For example, you may want to knock down a wall, but before you do something cannot be reversed, you should give it some time and see why the wall was there in the first place and how it fits into the layout of your home.

As you live in the home on a daily basis, you will get a better feel for what will be right for the home.  Give it some time to marinate and make sure you are doing the right renovation for your particular home.

2. Budget to create your vision

Giving yourself extra time before diving into a home renovation will allow you to budget for it.  It will be nice to be able to shop around to find the best deals for your home and to get estimates from the local contractors.  This is a process you do not want to rush because you do not want to choose the wrong designs and you do not want to overpay for the contractor when you renovate your Lutz home.

3. A Failure to plan is a Plan to Fail

Home renovations can not be done without careful planning. No matter the size of the project, they are time-consuming and should be planned well in advance. You will want to get an estimate of time from the contractor.  Usually, with any home renovation, here is something does not go as planned.  Some things cannot be known until there is actual demolition and then problems can be uncovered.

Make sure your contractor understands your timeline and you work to stick to it.

4. Extra Stress

Buying a home is not a straightforward task. It’s a huge undertaking can require a lot of thought, planning, and dedication. Make sure you have taken time to rest and relax before taking on stressful projects

Now What?

The recommendation is to live in your new home for at least six months before taking on any major renovations. By the time you will have a great feel for the house and what will be a good fit.  Your plans may have changed from what you originally thought was the right renovation, but may not be right for your house.  Renovating your Lutz home should be an enjoyable, fulfilling experience.

Buy a Home
Is it a Good Time to Buy a Home? 1024 545 Relevé Real Estate

Is it a Good Time to Buy a Home?

How do you tell if it is a good time to buy a home or investment property?  When conducting your research, there are a few things to consider to make sure you are timing the market right.

Buying a home or investment property will likely be one of the biggest budgetary choices you will make in your life. This experience can be very emotional and take a mental toll.  You will need to settle on an informed choice and measure the pros and cons for yourself. Here are five factors to consider when deciding on purchasing a home or not:

Costs Will Continue Rising

The Home Price Expectation Survey’s latest report shows home appreciations throughout the following five years to be between 10.5% and 25.5%. Consequently, saying home valuations will keep on appreciating for years. When you ask yourself if you purchase a home now or hold up, recall this and know holding up no longer bodes well. We know single-family homes have turned out to appreciate well in Tampa, but have you considered a Condo as a first home?

Mortgage Interest Rates Are Projected to Increase

An expansion in rates will affect your monthly payment. Your cost will be progressively in 12 months’ time if a home loan is important to buy your next home. Here is an example: For each 1% expansion of loan rates, it will cost you 10% in purchasing power. So in the event, you are purchasing a $300,000 home and financing costs go up 1% you would need to drop the cost to $270,000 for the same installment. Creating a $30,000 loss of purchasing power.

It’s Time to Move On with Your Life

The “expense” of a home is dictated by two noteworthy parts: the cost of the home and the present home loan rate. It creates the impression both are on the ascent. However, imagine a scenario in which they weren’t. Would you purchase a home now or hold up? Take a look at the genuine reason you are purchasing and choose whether it merits waiting. Whether you need to have an incredible spot for your kids to grow up, need your family to be more secure or simply need to have control over remodels, perhaps the time has come to purchase.

Rents will keep on rising

Try not to surmise home costs are the only thing rising this year. Opportunity is a path beneath the standard in the Tampa range. Proprietors are pushing their rents upward to keep up with the interest. Despite the fact building has expanded for rentals it is no place close to the supply to keep rents stable.

Purchasing your first home is an emotional decision

A home speaks to your own tastes and gives a shelter of dependability and security for both you, your friends and family. We purchase homes for different reasons other than cash. Pride of home proprietorship, the American Dream, a spot to call home, group association and feeling settled.

Main concern

In the event you are prepared, willing and obviously ready to purchase, now might be a good time to buy. Take as much time as necessary and accumulate the data expected to settle on the right choice for you.  Simply remember the increasing expenses too and don’t hold up too long or you might pass up a great opportunity.