Posts Tagged :

property management land o lakes

150 150 Relevé Real Estate

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

February 2018 market statistics
1024 683 Relevé Real Estate

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.

______________________________

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.

 

 

February 2018 market statistics
1024 683 Relevé Real Estate

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.

______________________________

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
1024 683 Relevé Real Estate

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.

 

 

150 150 Relevé Real Estate

Land O Lakes Rental Value

Land O Lakes Rental Value

Land O Lakes Rental Value.  Determining how much you should rent your investment property for is important.  In today’s real estate market, there are a lot of properties listed for rent, so finding comparables is not a problem.

The first thing you should do is determine how much you need to rent the property for to have a good cashflow (add up all of the costs associated, taxes, insurance, association dues, maintenance, property management fees, mortgage).  You want to know where you stand compared to the current market rental rate.  You want your property to generate income for you and be an asset, not a liability.

Next, go to craigslist or do a Google search for the street name + “for rent”.  This should direct you to several comparable properties.  You should look for properties with the same amount of bedrooms, bathrooms and square footage.  Some may have pools, be on the water or several acres of land, these rates should be adjusted up or down compared to your property.  Find four or five comparables and then take the average of them.  This gives you a ballpark range for what is reasonable in the area.

Then compare the average rent to the amount you need in order to get a cashflow on the property.Set your rate at what is going to give you the maximum amount of return on investment possible, while still being competitive with the nearby properties.

In today’s market, you definitely need to be in the same range as the comparables.  There is too much supply on the market and your property will not get any attention unless it is priced reasonably.

Once you have your rental rate set, add $25.  This will give you some room to negotiate a solid lease.  Find out your Land O’ Lakes Rental Value by contacting Relevé Real Estate.

September
1024 553 Relevé Real Estate

September 2017 Wesley Chapel Real Estate Statistics

The Wesley Chapel Real Estate Market Report for September 2017

According to the new data released by the Greater Tampa Association of REALTORS®, the Wesley Chapel, Florida Real Estate Market is showing signs that 2017 is going to be even more aggressive than 2016.

Market Notes:

This is the first time in several months that 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 September 2017 real estate market numbers for Wesley Chapel, FL:

September 2017 Wesley Chapel Real Estate Statistics

  • median listing price of $289,000 for $123 per sq ft.
  • median closing price of $242,000
  • 922 homes for sale
  • 129 homes for rent
  • 55 median days on the market

The Wesley Chapel Real Estate Market is Strong

September 2017 is usually one of the slower months for real estate sales in Wesley Chapel 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.

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.

______________________________

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.

 

 

September
1024 553 Relevé Real Estate

September 2017 Lutz FL Real Estate Statistics

The Lutz Real Estate Market Report for September 2017

According to the new data released by the Greater Tampa Association of REALTORS®, the Lutz, Florida Real Estate Market is showing signs that 2017 is going to be even more aggressive than 2016.

Market Notes:

This is the first time in several months that 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 September 2017 real estate market numbers for Lutz, FL:

September 2017 Lutz Real Estate Statistics

  • median listing price of $335,ooo for $132 per sq ft.
  • median closing price of $276,000
  • 672 homes for sale
  • 57 homes for rent
  • 65 median days on the market

The Lutz Real Estate Market is Strong

September 2017 is usually one of the slower months for real estate sales in Lutz 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.

Get an Advantage

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

Find Lutz Homes for Sale

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

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

______________________________

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

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

 

 

September
1024 553 Relevé Real Estate

September 2017 Land O’ Lakes Real Estate Statistics

The Land O’ Lakes Real Estate Market Report for September 2017

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 2017 is going to be even more aggressive than 2016.

Market Notes:

This is the first time in several months that 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 September 2017 real estate market numbers for Land O’ Lakes:

September 2017 Land O’ Lakes Real Estate Statistics

  • median listing price of $283,ooo for $117 per sq ft.
  • median closing price of $252,000
  • 829 homes for sale
  • 68 homes for rent
  • 43  median days on the market

The Land O’ Lakes Real Estate Market is Strong

September 2017 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.

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 “September 2017 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.

 

 

Land O Lakes Market Statistics
1024 682 Relevé Real Estate

June 2016 Land O’ Lakes Real Estate Statistics

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

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 June 2016 real estate market numbers for Land O’ Lakes:

June 2016 Land O’ Lakes Real Estate Statistics

  • 165 homes were sold for a 5% year over year increase
  • median price of $225,000 for a 3% year over year increase
  • 327 homes for sale
  • 50% of the available homes sold in the last month
  • 1.99 months of inventory

The Land O’ Lakes Real Estate Market is Strong

June 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.

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 “June 2016 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.

 

 

land o' lakes home
1024 757 Relevé Real Estate

Get Offers on Your Land O’ Lakes Home

Once you have decided to sell your Land O’ Lakes Home, you must figure out at what price to list it at.  There are many things that can affect the price of the home.  The time of year, buyer or seller’s market, curb appeal, recent sales in the area and how motivated a buyer is.  Getting it right is the first step towards having a successful closing.

Time on Market

If a property is on the market for a long time, this can be a negative factor for home shoppers.  They often wonder why it would be sitting so long, why has nobody bought it, why did sales fall through?  Have they gone through multiple realtors and multiple pending offers?  Buyers can automatically think that a there is something wrong with the home if it has just been on the market too long.  Many sellers make the mistake of pricing their Land O Lakes home to high, which can lead to long times on the market.  You may think that this is giving you some room to negotiate, but it is actually eliminating you from certain buyers searches.

Search Criteria

By pricing your Land O’ Lakes home to sell, you will show up in more search criteria for potential buyers.  For example, if you are hoping to get $310k for your home and you list it at that amount, but you would actually be happy with $300k, you would be eliminating all potential searches of your home by buyers whose budget is $300k.  It is better to show up in as many searches as possible, get potential buyers looking and viewing the home and then you have something to work with.

Just because a home is listed for a certain price does not mean that is what the home actually has to sell for.  The listing price is just the first step in the negotiation.  If there is a ton of interest in the Land O’ Lakes home, buyers can actually get into a bidding war, with your home ultimately selling for higher than list price.  Better to have options in your home sales.

The Price is Right

Work with your agent to get a comparative sales analysis for your home.  The agent will run comps to see what has recently sold in your area and how they compare to your Land O Lakes home.  Many factors come into play as far as the conditions of the home, upgrades, renovations, square-footage, lot size, curb appeal, etc.

Factor to Price

The condition of the home compared to the recent sales in the area gives you the best starting point for listing your home and beginning to get offers to consider.  Have there been any recent improvements to your Land O’ Lakes home?  Many small investments can add value to your home and ultimately your final sale price.  Screening in a porch or adding a fence can give you a significant return on investment.  Installing smart thermostats or smart security features can really make a buyer feel like your home is special.

Work with a Relevé Real Estate agent to price your Land O’ Lakes home to sell and get offers immediately.