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home selling checklist
Home Selling – A Checklist of Things You Need to Do 1024 683 Relevé Real Estate

Home Selling – A Checklist of Things You Need to Do

Home Selling

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

Marketing and Advertising

Even if your house is priced below the market and it is the most beautiful house on the street, you have to make sure homebuyers know it is for sale. Make sure your real estate agent has listed your house on all the major real estate search engines. These sites should include Realtor.com, Zillow, Facebook, and any other real estate sites that are used in your area.

Social media is used by nearly every home buyer. Once your house is listed, view your listing online and make sure there are numerous photos of your property. Many homebuyers use the Internet to search for potential houses by price and then they look at photos. If the photos of your house are not in the best possible light, you could be losing potential homebuyers.

Curb Appeal

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

Update the Interior

When potential buyers walk into your property, the entranceway and the main rooms of the house should be clean and inviting. You can paint rooms a neutral color, updated flooring, and updated fixtures. You don’t have to spend a lot of money; average quality updates should be fine for most homebuyers. Brighten up rooms by opening the drapes and using higher wattage light bulbs. This will make the rooms look greater and brighter.

Additionally, search for glaring issues in your house. These might be as minor as electrical outlet covers, lighting apparatuses, and register covers. Including an alert framework ought to additionally be considered. These updates may be very minor but may change the appearance and allure of your house to potential buyers.

De-clutter and Clean

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

Board Your Animals

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

Provide Positive Information

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

Check Pre-Approvals

Effectively promoting and improving the appearance of your house will not only result in a higher sales price but most likely a quicker sale. Continuously ensure before tolerating any offer that the purchaser is pre-approved. The worst thing you can do is take your home off the market for a buyer that will not be approved for the purchase. Be sure to confirm any potential buyer’s pre-approval letter.

Home Staging

An expert stager will take a look at your home from a fresh and unemotional point of view. They have been prepared to see your home as a product, highlighting its best attributes and making light of imperfections. By utilizing a mix of your furniture and accessories, adding new accents to update the look, and strategically incorporating a few “designer tricks-of-the-trade”, a stager is able to create the model home WOW effect . . . while appealing to your target market.

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

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

Conclusion

I hope you will find this checklist useful as you go to put your home on the market.  Taking the time and investment to take care of these items can bring you a significant return on your investment.  Buyers always want to feel good about their purchase and know they are buying from someone who cared about the house.  There is so much unseen with a house you do not really know about until you live in it.  The reassurance that the current owners CARE, will go a long way in separating your home from the rest.

real estate market
Tampa Real Estate Market Ranked One of the Best 683 1024 Relevé Real Estate

Tampa Real Estate Market Ranked One of the Best

Real estate market conditions in the Tampa bay continue to grow.  Tampa has been ranked as one of the best in the nation.

The Tampa real estate market was ranked as one of the top markets for real estate investment by CNN money.  Most of the top ten were comprised of cities in Florida.  Investors are drawn in from no state income tax, low-interest rates, and sunshine.

Daytona Beach moved into second while Fort Myers took fifth. Orlando ranked fourth, Ft. Lauderdale number eight and Tampa at number nine. The other five cities in the top ten rankings were Las Vegas (No.1), Detroit (No.3), Warren, Mich. (No.4), Bakersfield, Calif., (No.7) and Rochester, N.Y. (No. 8).

First of all, trends in Tampa show a 7% year-over-year rise in the median sales price and a 2% rise in median rent per month.

From Wikipedia, Census data showed an average annual growth of 2.47 percent for approximately 97,000 residents per year. Between 2000 and 2006, the Greater Tampa Bay Market experienced a combined growth rate of 14.8 percent, from 3.4 million to 3.9 million people. The bay area hit the 4 million population mark on April 1, 2007.  A 2012 estimate shows the Tampa Bay area population to have 4,310,524 people.

Tampa was ranked as the 5th best outdoor city by Forbes in 2008.
Consequently, Tampa also ranks as the fifth most popular American city based on where people want to live. According to a 2004 survey by the NYU newspaper, Washington Square News ranked Tampa as a top city for “twenty-somethings.” Tampa is ranked as a “Gamma+” world city by Loughborough University.  This list includes other world cities such as Phoenix, Charlotte, Rotterdam, and Santo Domingo.
Tampa’s climate shows characteristics of a tropical climate and a humid subtropical climate zone.
Tampa’s climate generally features hot summer days with frequent thunderstorms.   Average highs range from 70 to 90 °F (21 to 32 °C) year-round, and lows 52 to 76 °F (11 to 24 °C).
Tampa’s official recorded high has never hit 100 °F (37.8 °C). The all-time record high temperature is 99 °F (37 °C), recorded on June 5, 1985. The highest temperature recorded at Tampa International Airport for the Summer of 2015 was 97 degrees Fahrenheit (36 degrees Celsius), which took place on July 11. But the humidity raises the heat index above 100.

Coincidentally, the Tampa real estate market is split between two USDA climate zones. The northern zone is where coconut palms and royal palms can be grown. Southern Tampa has much more tropical foliage than the northern parts of the city.

Summer

Finally, temperatures are warm to hot from around mid-May through mid-October. This roughly coincides with the rainy season. Summertime weather is very consistent from June through September. Daytime highs near 90 °F (32 °C), lows in the mid-70s °F (23–24 °C), and high humidity are the norm.

Afternoon thunderstorms are such a regular occurrence during the summer that the Tampa Bay area is recognized as the “Lightning Capital of North America.”

Investment Property Vacancy 150 150 Relevé Real Estate

Investment Property Vacancy

 

investment property vacancy

The current rental market remains strong with rental rates at their highest levels.  Your exposure to investment property vacancy should be very small. The record number of foreclosures in the late 2000s have left many families still unable to purchase a home, bank owned properties sit empty and mortgages are more difficult to qualify for.  Finding an affordable rental property has been a difficult thing to do with a high demand and low supply of available homes.

In these type of market conditions, properties shouldn’t be sitting vacant long in this market.  Most of our clients have new leases started the day after their old tenant’s lease ends.  With 60 days notice and a strong rental market, your vacancy rate should remain very limited.  Any good property manager should, on average be able to rent your property in 2 to 3 weeks, if not, something is wrong.

When I look at properties online I see some that have been vacant for 200 to 300 days??   Seems quite odd and I believe it is mainly from real estate agents telling people what they want to hear and not being responsive to prospective tenants.

This rental market will remain strong for the foreseeable future, but won’t last forever.  Investors should be maximizing  their opportunities while they are there.

For Expert Property Management in Hillsborough and Pasco Counties contact Relevé Real Estate and Property Management.  Elevate your expectations.