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Stress Free Home Buying in Lutz, Florida 1024 684 Relevé Real Estate

Stress Free Home Buying in Lutz, Florida

Home Buying in Lutz

Five steps to ease domestic shopping for Home Buying in Lutz.

Buying a home is an emotional enjoy – it can be exhilarating, thrilling and even traumatic. While the time involves signaling the paperwork, don’t be surprised in case you feel butterflies in your stomach, or even nauseous. You’re probably making the most important financial choice of your lifetime; so it’s miles flawlessly ordinary to sense demanding about Home Buying in Lutz.

No matter your herbal anxiety, do no longer permit uncertainty approximately the home shopping for and mortgage technique maintain you on the sidelines. The guidelines that have been surely explained beneath will help you experience greater organized for Home Buying in Lutz.

In keeping with a latest survey, maximum clients have the wrong ideas approximately what it takes for someone to qualify for a mortgage. The general public considers that the necessities are more strict than they definitely are, after they have been requested about the vital loan qualification criteria (like debt to profits ratio, down price percentage and credit score), about 50 percent of the responses had been wrong or “do no longer recognize”.

Which means that there are numerous eligible home shoppers sitting on the sidelines due to misconceptions approximately the mortgage method or anxiety approximately being became down for a loan. To be certain you are ready to purchase a residence, and ease any tension you may have about the whole technique, underneath are 5 hints to help you to ease your property buying anxiety.

Recognise what questions to ask

Whether that is your first domestic purchase ever, or first home buy in several years, the method modifications unexpectedly. Settlement bureaucracy, negotiating procedures, and market dynamics all factor into helping you get Home Buying in Lutz from wherein you’re nowadays (thinking about buying a home) to in which you ultimately want to be (without problems settled on your new domestic). Ask yourself those questions:

Does wherein need to live for at the least the subsequent 3 to five years?
What form of a home will match my needs today and for the foreseeable future?
Do I have the resources to buy, preserve and improve a home?
Who do I recognise that can direct me to experts I will believe?
Find out about mortgage alternatives

Within the current years, mortgages have modified lots as traders and creditors make modifications reflective of the yank families. For example, several adults in the family are probably running and making their contributions to the household budget.

A number of the mortgages allow creditors to bear in mind the earnings that is generated from the opposite family contributors while qualifying a borrower. Further to that, some domestic customers might qualify for 0 down options, along with VA loans (guaranteed with the aid of America department of veterans affairs) for carrier contributors, veterans and the surviving spouses, and us a branch of agriculture loans for low to center earnings borrowers in qualifying rural regions. Also available to domestic buyers is the FHA loan product for Home Buying in Lutz, where you can purchase a home with as little as 3.Five% down, and that 3.Five% may be a gift from a member of the family. Consistent with the census bureau’s American housing survey, use of those kinds of loans is on the growth, especially amongst first time buyers.

Speak to a loan expert you may trust

Don’t recognize your credit score score or how you could keep? Don’t recognise a loan lender for my part? No trouble. Don’t just search around for mortgages online. I will connect you with numerous superb loan professionals who can answer all your questions.3

Don’t forget long time risks & rewards of Home Buying in Lutz

As any domestic client is aware of, there are prices you can expect, for example; your homeowners affiliation fees or month-to-month loan. There could also be sudden charges down the road, such as buying a new roof for your own home. Homeowners have to set aside three % to five % of the value of their home every year to apply for upgrades and repairs. You will want to tuck the money away so you do now not grow to be careworn when something is going wrong due to the fact things can, and will, go wrong. A nice wonder, generally, is how a lot your house will appreciate in cost over your years of possession. Traditionally, the actual estate has constantly been a secure and comfy long-time period investment.

Discover a realtor you could believe

In the long run, whilst you’ll be the only scouring the vicinity for houses to view, your realtor might be the one to manual you each step of the manner. The process starts with having your loan approval in an area. You’ll need to be in a function to negotiate with strength and self-assurance once you discover the best house for you. Count on your realtor to offer you with market records, possible challenges this domestic would possibly present for resale and introductions to experts you’ll need in the course of the Home Buying in Lutz – inspectors, contractors, etc. If you are purchasing a home within the Dallas/citadel really worth area, don’t forget to interview me as a useful resource.

Sarasota and Tampa are Top Turnaround Towns 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.

your real estate agent
It’s Not You, It’s Not Your Home, It’s Your Real Estate Agent 1024 768 Relevé Real Estate

It’s Not You, It’s Not Your Home, It’s Your Real Estate Agent

See this pile of cash? It doesn’t belong to you and you know why? Your real estate agent is being unrealistic and greedy about your property.

We have a client who is interested in a townhome in a particular area. We have one in this neighborhood and know without a doubt the competition is over-priced. Rentals sit 6-months, 8-months, 1-year or longer vacant. Why? Your rental is over-priced. Period.

I called a realtor to ask about a rental that has been listed and vacant for 6 months to see if the owner was flexible in the price. I told her that I had a great client interested in the home, but wanted to pay a more reasonable rent for the unit. With disgust, I was told that the building covered all utilities which were included in the rent. I told her I knew that was not true because we have the exact same property in the neighborhood. Well, not the same. We are updated and upgraded. She then back-peddled and said well the owner wants to rent it furnished only. On the MLS listing, it states “furnished, but will consider unfurnished.” So the ad was misleading or the realtor was a liar.

I asked again about the price. I stated about the home being listed for 6 months and sitting vacant. Is the owner flexible? Again, I was given the run-around. Never once did she say she would present an offer to the owner.

Can your real estate agent read minds? I can’t. As property managers, we present all offers to owners. Ultimately the decision lies with you, the owner. You should decide whether to reject or accept an offer. Not a realtor.

Putting the owner in the driver-seat is what gives us so many happy clients and great reviews.

I never asked what the commission would be on the property. My goal was not to get a commission,  but to find a home that met my client’s needs.

Did this realtor ever stop and think, “my client has been losing thousands of dollars because his home is sitting vacant?” No. She heard the reduced price, saw her commission drop and never consulted the owner. Would the owner accept a lower offer? We will never know because he will never be asked.

My client never saw the property or put an offer in. Why? Your real estate agent discouraged an amazing tenant from a property that needed a renter.

So, this pile of cash continues to sit untouched.

For honest, reliable property management in Pasco, Hillsborough, Manatee, and Sarasota counties, Florida, We Manage Your Investment.

Real Estate Wins in Tampa Bay 150 150 Relevé Real Estate

Real Estate Wins in Tampa Bay

Real Estate Wins

Real Estate Wins

So you have $100K.  What do you do with it?

You could put it in a money market savings account with an average return of 0.30% APY.  After one year you will have earned $300.

You could put it on a CD with an average return of 0.50% APY.  After one year you will have earned $500.

For an IRA, you are still looking at 0.50% APY.  After one year you will have earned $500, but withdraw it early and you will be taxed heavily.

You could buy gold as the commercials will tell you, but gold has doubled in price over the last 2 years and this isn’t 2009.

You could give it to your broker to invest, but the stock market is turbulent and if you are getting a 4-5% return, you are doing better than 95% of investors.  After a great year in the stock market, you will have earned $4,000 – $5,000.

But if you take your $100K and buy a bank owned property.  Let’s say you find a 3 bedroom house in a decent neighborhood and negotiate with the bank for $90K.  You spend another $10K on closing costs and fixing the place up.  You can then rent it for $1200 per month.  In this example, you don’t have a mortgage, since you had $100K to start with, so you only pay taxes and homeowner’s insurance.  Say your taxes for the $90K home are $2000 per year and insurance is $1000 per year.  Your monthly expenses are $250 per month.  Your gross income is $1200.  Your net income is $950.  After one year you will have earned $11,400 for an 11% return on your $100K.  Where else are you going to get that kind of return?

Real Estate also has the advantage of tax breaks through paying a mortgage or deducting expenses on the property.  Appreciation is a thing of the past, but if you buy under market conditions and have the cash flow to hold it for 10 or more years, you will make money when you sell it.

Even in the Great Recession, Real Estate still wins.

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

Tampa Real Estate Headlines 150 150 Relevé Real Estate

Tampa Real Estate Headlines

Tampa Real Estate Headlines

The Tampa, Florida real estate market is leading many headlines:

Orlando, Florida is the 3rd Hottest Housing Market.

Florida

With oil expenses at nearly $30 a barrel, Disney international-bound tourists are assisting within the town’s growth. Orlando’s employment is up three.8% over the last year. Orlando’s home prices grew eleven.2%, at the same time as domestic sales growth expanded eight.9%. Orlando’s populace grew 2.2% in 2014, the third most powerful growth most of the pinnacle 50 u.S. Markets, providing robust help for housing demand and boosting the single-circle of relatives market.

Florida is one of the states with the highest share of flips in 2015 at 8% of all home sales.

Sarasota and Bradenton, Florida are ranking high for surveys on health and happiness.  With 2 of the top 5 places for well-being.

  1. Naples–Immokalee–Marco Island, FL
  2. Salinas, CA
  3. North Port–Sarasota–Bradenton, FL
  4. Fort Collins, CO
  5. Barnstable Town, MA

Over 50% of purchases in Florida are cash sales.  This statistic is now declining year over year.  

Rising rents motivating people to purchase homes.

Tampa, Florida is number 20 in the hottest housing markets for the spring homebuying season

Florida single-family home prices up 14% over last year, But state sees decline in sales of lower-value homes

Tampa ranks tenth in the list of the top 10 single-family rental investment market.  10. Tampa 5.9%

 

towns
Towns throughout the Tampa Bay Area 1024 675 Relevé Real Estate

Towns throughout the Tampa Bay Area

The Tampa Bay area is geographically spread out from down to the Ruskin area all the way to Clearwater and St Petersburg.  There are tons of ‘towns’ throughout, each with its own individual character.  Here are some quick snapshots of some towns in Tampa Bay.

First of all, South Tampa has historic homes, townhouses, condos, and luxury lofts. Everything from festivals to live music and an active nightlife.

Ybor City. Ybor has “modern and renovated condos, townhouses, and lofts.” Ybor also has restaurants’ and shopping. Looking for the business district? Downtown Tampa is your place. It offers lofts and high rises for places to live in, and with places of interest to see, like the children’s museum.

North Tampa is filled with development and new construction homes.  Retail is starting to fill in the areas along the State Road 54 corridor.  Towns like Trinity, Land O’ Lakes and Lutz are seeing explosive growth.

Similarly, If you want suburban/residential, then you like these areas, New Tampa has lots of ranch-style houses and “family-friendly neighborhoods.”

Brandon is a “Typical suburban community” and it has “everything from apartments to homes.” It’s like any place, depending on where you live will depend on how quiet the community is, or if you are near restaurants, shopping, and bars.”

Lithia/Fishhawk Ranch “offers condos, townhouses, ranch-style, and new bungalow-style housing in basically all price ranges, and is a very family-oriented community.” It is a long drive to the hot spots like South Tampa, Ybor, and Channelside.”

Finally, there is Plant City. Plant City is known for peace and quiet because the houses are further apart.

Which place or neighborhood would you choose from each town?

Property Management Tampa FL Companies Facts That You Probably Do Not Know 1024 683 Relevé Real Estate

Property Management Tampa FL Companies Facts That You Probably Do Not Know

1. Single properties require lower management fees.

Compared to a multi-unit residential real estate property, owning a single residential property to be managed by a property management Tampa FL companies requires lower fees not only because of the number of tenants but mainly because of the on-site property managers who need to live within the vicinity.

Basically, this a person assigned by the company itself that the owner needs to pay separately.

2. Some property management Tampa FL companies collect added premium for multi-unit residences.

For some reason, these properties – condos, townhouses, apartments – are harder to market than single properties, thus, the premium. Theoretically, real estate market price devaluation hits harder and longer on multi-unit residences (also called multi-family residences). This gives property management companies less security for their own earnings.

Like in any business, security is something that can dictate price (the same reason why less secured cars pay higher insurance premiums).

3. Hiring a property manager who will find tenants is more practical than availing of an overall property management service.

Prospective tenants only trust property managers with a license in property management as approved by the state. Property management Tampa FL companies have more experience in closing deals; hence, you have less worry to carry. In this case, you only have to pay a one-time charge.

It is recommended for a property owner who can manage to collect, communicate, and ensure maintenance and monitoring of his/her asset to just do the work himself/herself, especially if his/her residence is just within the area. This gives up to $5000 of savings.

4. Brisk market and stagnant market are the biggest determinants of rental price.

If a Tampa property management company tells you that heavy renovations will guarantee rental rate increase, then, you are gullible enough to believe.

While renovations and additional amenities contribute greatly on rental price, these are still dependent on the status of the rental and real estate market – a brisk market and stagnant market.

The Brisk market is the time when the number of potential tenants is higher than the available rental properties in a particular area. A stagnant market, on the other hand, is the time when the available rental properties are higher than the willing renters. It is, basically, all about the law of demand.

When the market is brisk, property management Tampa FL companies can increase the rental rate, regardless if renovations are done or not. If it is stagnant, no amount of renovations will guarantee a rental increase.

February 2016 Land O’ Lakes Real Estate Statistics 150 150 Relevé Real Estate

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