Land O Lakes

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February 2016 Land O’ Lakes Real Estate Statistics

The Land O’ Lakes Real Estate Market Report for February 2016

Land O' Lakes real estate

According to the new data released by the Greater Tampa Association of REALTORS®, the Land O’ Lakes, Florida Real Estate Market is showing signs that 2016 is going to be even more aggressive than 2015.

 

Market Notes:

This is the first time in several months that we have seen more homes come on the market than sold. Hopefully, this is an indicator of a much-needed boost to our housing inventory.

Let’s take a look at the February 2016 real estate market numbers for Land O’ Lakes:

 

February 2016 Land O’ Lakes Real Estate Statistics

Status: Active (118)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM CDOM
Min 1 1 750 $24,900 $24.13 1 1
Max 6 5 4,520 $599,900 $159.17 30 720
Avg 4 3 2,235 $245,029 $109.20 12 27
Median 4 3 2,103 $235,000 $112.77 9 10
Status: Active with Contract (53)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM CDOM
Min 2 1 916 $51,200 $35.43 4 4
Max 6 4 4,680 $544,900 $195.37 178 328
Avg 4 3 2,210 $233,094 $105.62 51 57
Median 3 3 1,976 $219,900 $109.35 37 37
Status: Pending (111)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM CDOM
Min 2 1   $10,900 $24.04   1
Max 7 5 4,054 $490,000 $208.51 373 377
Avg 4 3 2,117 $225,360 $106.93 65 73
Median 3 3 2,058 $215,995 $106.68 39 45
Status: Sold (97)
    Beds Baths SqFt Heated List Price LP/SqFt Close Price ADOM CDOM
Min 1 1 750 $33,000 $31.98 $27,000    
Max 7 5 5,055 $839,000 $210.78 $790,000 463 508
Avg 4 3 2,195 $242,629 $109.70 $234,759 65 83
Median 4 2 2,045 $219,000 $108.99 $214,000 47 51

 

The Land O’ Lakes Real Estate Market is Strong

February is usually one of the slower months for real estate sales in Land O’ Lakes as buyers and investors prepare for the spring season, but it was still 25% busier than this time last year. We are finally starting to see an increase in new listings by 34% over last year. This is very good news for homebuyers who have been struggling to find the right house because there have been so few homes on the market. Our hope is that this is an indicator of a more balanced market as we move into 2016.

These numbers cover all of the neighborhoods in the Land O’ Lakes, FL zip codes of 34637, 34638 and 34639.

All information is deemed reliable but not guaranteed

bathroom renovations
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Bathroom Renovations

bathroom renovationsThe bathroom is ostensibly a standout amongst the most critical rooms in the house, and among the most as often as possible utilized. In any case, it is simple for homeowners to neglect this space when it’s an ideal opportunity to revamp or overhaul. Upgrading the bathroom is a beneficial speculation which enhances the home as well as expansions the general nature of your everyday life. On the off chance that you are not certain in the event that you truly need to roll out an improvement, here are the top signs that the time has come to overhaul your bathroom.

The Bathroom Has Mold

On the off chance that you happen to notice dim spots growing up in the corners, parts of the roof, specifically over the bathtub, or shower, it’s an ideal opportunity to redesign your bathroom. Remember that not all leaks/trickles are unmistakable, so ensure you search for mildew and mold close to the edges and corners of your shower and bathtub. Some of the time mildew and mold issues can emerge from minor issues like dribbles, leaks, flawed funnels, or uncalled for ventilation which can be effortlessly settled by doing some minor repairs. Be that as it may, on the off chance that you have a genuine mildew or mold issue even after you have done the minor repairs, odds are that you have a much more serious issue to manage. Ensure you manage that issue instantly, before it deteriorates. On the off chance that the water gets into your bathroom floor, it could in the end wind up trading off its basic trustworthiness.

There are Cracked, Chipped, Stained or Broken Glass in the Bathroom

As specified before, the bathroom is a standout amongst the most much of the time utilized rooms as a part of the house. This implies the shower tiles, sink spigots, light apparatuses, and roof fans are all in incessant use, thusly when they begin separating, the time has come to consider upgrading your bathroom. In the event that the roof begins disintegrating, you see stained tile grout, the mirror is broken, or there’s split tile and tile floor, you have to consider how you can repair the harmed materials while upgrading your bathroom in the meantime.

It’s No Longer Big Enough

At the point when brushing your teeth or scrubbing down, you ought to feel like you’ve space to move around. Numerous homes have a standard 8′ by 5′ bathroom; this size does not consider an assortment of format or outline choices. In the event that your family has developed and the bathroom feels fairly confined, the time has come to consider overhauling the present space with new components that upgrade the capacity and capacity.

It’s Out of Date

Plan patterns travel every which way. On the off chance that you have a pink bathtub, avocado floors, a brilliantly hued can, or gold installations, it may be a great opportunity to overhaul your bathroom. These are essentially out of style and can extraordinarily hurt your odds of resale. Additionally, an obsolete bathroom may really be concealing various inconspicuous issues which should be tended to. You ought to consider upgrading by utilizing unbiased hues on the bathroom dividers, and after that complementing with a shading. Some other straightforward traps can incorporate swapping your obsolete ground surface, apparatuses, lighting, and handles.

bathroomThere are Leaks in Your Bathroom

Leaks are basic in numerous bathrooms. Contingent upon the specific circumstance, a break can be a result of a minor issue that is anything but difficult to repair or can be a noteworthy issue which must be tended to quickly. In the event that the break is a consequence of rust or erosion which has been available for a long while, it may bring about genuine water harm which can debilitate the auxiliary components of your house, and may wind up costing you a great many dollars in repairs. On the off chance that you see genuine leaks, you should consider redesigning your bathroom; not just will it spare you on your water charge, it will avoid basic harm.

You are Looking to Sell Your House Soon

In case you’re thinking about on selling your home sooner rather than later, you ought to consider redesigning your bathroom. On the off chance that your bathroom doesn’t look high class, you have to redesign it. Likewise, on the off chance that you’ve a more established house, redesigning the bathroom is urgent. At the point when the bathroom is redesigned, it can be a noteworthy selling point, and may even position your house for a much faster sale.

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Florida leads House Flipping

Florida leads House Flipping

Recent Data from RealtyTrac shows an increase in year over year house flipping.  This is when an investor buys a property and then sells it less than one year later.  The investor usually has to do at least some cosmetic improvements and is likely to make a profit from the sale.

With the increase in flipping, Florida cities dominate the list of the top areas for home flipping.  Florida had record numbers of foreclosures and houses are still not keeping up with demand, so the statistics make sense that there would be an increase.  However, house flipping also reached a peak right before housing crashed in 2008-2009.  Many investors took substantial losses on speculative home flips.

However, house flipping also reached a peak right before housing crashed in 2008-2009.  Many investors took substantial losses on speculative home flips. The current list is showing 25- 50% year over year increases in home flipping in these cities.   To be successful in house flipping, you need to do an effective analysis on what the costs will be for you to purchase, renovate and hold the property and then know what the market will support for a sales price.  Generally a real estate investor is expecting to make at least 25% profit before they take on a house flipping venture.

Before investing you should talk to a local, Lutz, FL real estate and property management company to advise you on purchasing, managing and selling your investment property.

Here are the Florida cities mentioned in the list.

17. North Port-Sarasota-Bradenton, Florida

 15. Palm Bay-Melbourne-Titusville, Florida

14. Crestview-Fort Walton Beach-Destin, Florida

11. Pensacola-Ferry Pass-Brent, Florida

9. Deltona-Daytona Beach-Ormond Beach, Florida

8. Ocala, Florida

4. Homosassa Springs, Florida

3. Jacksonville, Florida

1. Lakeland-Winter Haven, Florida

rent or own
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Rent or Own on a Fixed Income

rent or ownThere has really been an expansion in more seasoned tenants in the course of the most recent 10 years. Those beyond 55 42% years old add to around 42% of the rental market now. This rate is anticipated to increment as Baby Boomers apparently take after the same way.

It’s vital to comprehend the advantages and disadvantages however of picking amongst leasing and homeownership. How about we separate every one so you can better choose theater or not you ought to spring for that home after retirement.

Ace: Bye Mortgage

On the off chance that a huge center for you is the way that despite everything you’re chipping ceaselessly at that home loan then obviously you’ll be cheerful to lease. One less thing to stress over when you at long last resign. You may even discover a spot to lease that has a lower month to month cost than your home loan. So you do can possibly be sparing cash here.

Con: Bye Tax Breaks

Mortgage holders get generous tax reductions. There are reasonings on the property charge and in addition the enthusiasm on the home loan. Saving money on these assessments can include altogether particularly if your property expenses are fundamentally high.

Genius: Flexibility

In case you’re truly concentrating on going after you resign then leasing will be perfect for you. Leasing gives you the adaptability to bob around either on a month to month premise or 6-month premise. Be that as it may, in case you’re hoping to stay in one city/place for a more drawn out timeframe, possibly close to your family. Think about owning as a home.

Con: Bye Home Owner Status

A great many people have a feeling of pride from being a mortgage holder. On the off chance that you’ve lived in your home for some time you’re presumably candidly connected to it. So it’ll be critical to set yourself up sincerely in case you’re anticipating offering your home.

Star: Maintenance

Clearly a standout amongst the most difficult things of home proprietorship is staying aware of the home upkeep. In case you’re leasing this isn’t an issue for you any longer. On the off chance that you choose to offer your home these stresses can fall onto your landowner’s shoulders.

Con: Renting can be costly

This one truly shifts relying upon where you live. Ordinarily anyway, it is less expensive to possess a home than rent one. Additionally when you consider the low home loan rates today it’s one of the best times to possess a home. The home loan rates have as of late hit an untouched low of around 3.25%

Genius: Amenities

One of the enormous ace’s encompassing flat edifices is that a large portion of them offer you an extensive variety of civilities. Everything from a pleasant rec center to a pool and even diversion rooms and office focuses. You can even have an attendant on staff and in case you’re resigning that can make your life somewhat less demanding with regards to the easily overlooked details.

Con: The Landlord

You may not be acclimated to managing a proprietor or property administration organization. It can be a tad bit of a troublesome assignment , I would prescribe destroying some profundity research on the circumstance before you really sign a lease. By that importance address the past inhabitants if at all conceivable and discover how rapidly past issues were determined. There is likewise the potential for your lease to be raised at a minutes see so be set up for that potential increment in your month to month costs

Expert: Insurance Is Cheaper

Tenants protection midpoints around $180 and $360 a year, while your potential property holders protection expense is altogether higher.

Not certain which is the right choice for you? Connect or abandon me your contact data and I’d affection to answer any inquiries you may have. Leasing or own a home truly descends to your individual circumstances and it’s essential to consider all the genius’ and con’s painstakingly. In case you’re searching for more information don’t hesitate to look over through my web journal for tips and traps that spare you time and cash amid your land purchasing or offering process.

February 2018 market statistics
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February 2018 Wesley Chapel Real Estate Statistics

The Wesley Chapel Real Estate Market Report for February 2018

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

Market Notes:

Wesley Chapel Real Estate Market Overall Condition:  Strong

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

February 2018 Wesley Chapel Real Estate Statistics

  • median listing price of $275,000 for $126 per sq ft.
  • median closing price of $269,000
  • 954 homes for sale
  • 120 homes for rent
  • 99 median days on the market

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

Get an Advantage

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

Find Wesley Chapel Homes for Sale

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

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

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

The above information regarding the “Wesley Chapel Real Estate Statistics” was provided by Relevé Real Estate. We have over 20 years of experience helping people buy, sell, lease and manage properties in the Wesley Chapel area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

 

 

tamap reo management
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Tampa REO Management

Tampa REO Management

Relevé Real Estate and Property Management is now your resource for asset management in Tampa and Land O’ Lakes, Florida.  We are teaming with mortgage servicers to provide professional real estate owned or REO management and property preservation.

Services:

  • Property Management
  • REO Disposition
  • Complete Eviction Services
  • Appraisal Review
  • Title Issue Resolution
  • Property Inspections
  • Consulting
  • Contract Negotiation
  • Escrow Tracking

Wikipedia defines real estate owned as the Real estate owned or REO is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction.[1] A foreclosing beneficiary will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the beneficiary will legally repossess the property. This is commonly the case when the amount owed on the home is higher than the current market value of this foreclosure property, such as with a high loan-to-value mortgage following a real estate bubble. As soon as the beneficiary repossesses the property it is listed on their books as REO and categorized as an asset (non-performing asset).

As soon as a property goes into a distressed status (the borrower/homeowner misses mortgage payments) the beneficiary will want to determine the amount of equity that the property has. A popular method to determine the equity is to obtain a Broker’s Price Opinion (BPO) or order an appraisal. Based on the amount of equity that is determined from the BPO, the bank will decide whether to allow a short sale (if requested by the homeowner). If no short sale is requested by the home owner, the beneficiary will continue the foreclosure process. If the beneficiary is unable to sell the property through a short sale or at a foreclosure auction it will now become an REO property.

After a repossession from which the property becomes classified as REO, the beneficiary will go through the process of trying to sell the property on its own or obtain the service of an REO Asset Manager. The beneficiary will remove the liens and other debts on the home and try to resell it to the public, either through future auctions, direct marketing through a real estate broker or by itself. The asset manager may also try to contact REO realtors that specialize in certain ZIP codes to help sell this bank owned property. Real estate investors will often purchase these properties because of discounts offered to compensate for the condition of the property.

Many larger banks and government institutions have REO/asset management departments that field bids and offers, oversee upkeep, and handle sales. Some REO properties on the open market will be listed in MLS by the broker who performed the BPO.

Contact Relevé Real Estate and Property Management for REO Management in Lutz & Land O’ Lakes, Florida.

tampa reo management

February 2018 market statistics
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February 2018 Lutz FL Real Estate Statistics

The Lutz Real Estate Market Report for February 2018

Market Notes:

Overall Lutz Real Estate Market Condition:  Strong

February 2018 Lutz Real Estate Statistics

  • median listing price of $297,ooo for $140 per sq ft.
  • median closing price of $275,000
  • 639 homes for sale
  • 34 homes for rent
  • 77 median days on the market

February 2018 is off to a good start for real estate sales in Lutz as buyers and investors prepare for the busy season. We are starting to see an increase in new listings compared to last year. This is very good news for homebuyers who have been struggling to find the right house because there have been so few homes on the market.

Get an Advantage

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

Find Lutz Homes for Sale

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

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

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

The above information regarding the “Lutz Real Estate Statistics” was provided by Relevé Real Estate. We have over 20 years of experience helping people buy, sell, lease and manage properties in the Lutz area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

 

 

February 2018 market statistics
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February 2018 Land O’ Lakes Real Estate Statistics

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

According to the new data released by the Greater Tampa Association of REALTORS®, the Land O’ Lakes, Florida Real Estate Market is showing signs that 2018 is going to be even more aggressive than 2017.

Market Notes:

This is the first time in several months we have seen more homes come on the market than selling. Hopefully, this is an indicator of a much-needed boost to our housing inventory.

Let’s take a look at the February 2018 real estate market numbers for Land O’ Lakes:

February 2018 Land O’ Lakes Real Estate Statistics

  • median listing price of $277,ooo for $126 per sq ft.
  • median closing price of $260,000
  • 780 homes for sale
  • 80 homes for rent
  • 87  median days on the market

The Land O’ Lakes Real Estate Market Condition: Strong

Get an Advantage

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

Find Land O’ Lakes Homes for Sale

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

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

______________________________

These numbers cover all of the neighborhoods in the Land O’ Lakes, FL zip codes of 34637, 34638 and 34639.  All information is deemed reliable but not guaranteed

The above information regarding the “February 2018 Land O’ Lakes Real Estate Statistics” was provided by Relevé Real Estate. We have over 20 years of experience helping people buy, sell, lease and manage properties in the Land O’ Lakes area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

 

 

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5 Reasons to Hire a Property Manager

Hire a Property Manager.  The top 5 reasons on why a professional property management company will benefit you.

Hire a Property Manager

1. Rent Collection and Depositing – not getting the rent check just one month can kill your return on investment. Having to constantly remind tenants that their rent is due or late can be a real pain. A good property manager will have systems in place to effectively collect rent online, charge late fees and maintain on-time payments, notices and evictions.

2. Rates for Rent – A good property management company knows the area they are managing. They know how much your property can be rented for and can keep the vacancy rates and advertising costs as low as possible.

3. Securing Tenants– finding good tenants can be very time-consuming. A property manager can take care of securing all background checks, credit reports, employment verification, and verifications of rent and showing the property. By hiring a property manager, you will not have to deal with tenant disputes, conflict resolution and emergency maintenance.

4. Professional Network. Property managers develop relationships with professionals in related fields, such as maintenance workers, tradesmen, vendors, suppliers and contractors that you do not have. Because of the bulk of business that a property manager gives these professionals, they can provide quality work at a discount.

5. Time – Enjoying your life while just having the rents deposited into your bank account is probably why you got into real estate investing. Real estate income is not passive if you are spending all your time maintaining the property, handling tenants and keeping the books. A Property Manager is an investment, not an expense, you want to own your own time.

Contact Relevé Real Estate for full-service property management in Lutz, Land O’ Lakes and Odessa, Florida.

Help You
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Help Us Help You

Selling your home quickly and for the highest amount can be a daunting task. You need a Realtor who will invest a great deal of energy with you and your home. You need a Realtor who will assist you making the right choices to sell and market your home. Here are some ways that you may unwillingly be hurting the sale of your home.

Clutter

Sometimes a short-notice will be given when a prospective buyer wishes to see your home. Some buyers may be able to look beyond toys laying around and dishes in the sink, and clothing tossed about, but it won’t leave a positive impression on your home.

Make day-by-day cleaning a thing. A quick 30 minutes wipe down of your kitchen and baths will go a long way.  Donate any clothing, toys, or household items you no longer need. This will also make packing up for your move a bit easier too!

You’re There for the Open House

Buyers will feel more comfortable knowing that they can envision living in your home. It’s difficult to do so when the current homeowners are present and buyers may feel rushed to get out of the house as quickly as possible.

You’re Waiting for the Perfect Offer

Every seller dreams of an all-cash, no contingency, asking price offer. Sure it can happen, but the perfect offer may not happen. Instead, weigh the offers presented to you and accept an offer that is reasonable.

If you attempt to stretch the limits too far, you may wind up pushing away potential buyers.

Separate Yourself From Your Home

You may love that wallpaper you installed at the entryway, but it may not appeal to all buyers. What this means is to simply take a step back and understand that items you see as upgrades may not be. Listen to the advice of your Realtor when it comes to preparing your home for the market and the correct listing price to sell your home quickly for top dollar.