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Green Features
Selling Points of Green Features 1024 683 Relevé Real Estate

Selling Points of Green Features

Setting up your home with energy-efficient appliances and solar panels can make a considerable impression when it comes time to list your home for sale.  But, will it really have an effect on potential home buyers?

The vast majority of today’s home purchasers are interested in a property’s LEED affirmation, solar panels, energy efficiency, and Energy Star evaluated appliances. Moreover, today’s property inspectors and merchants like to educate potential purchasers regarding their property’s green elements, in light of the cost they have contributed to upgrading the property. However, do these components really influence the way a purchaser feels about a property? Will they pay more cash for a property – and can the green elements of a home really make a deal?

Will green components inspire purchasers to pay more?

Home purchasers spend additional cash for components of a property they can physically feel and share with family and companions. For example, a home theater, jacuzzi, the gourmet kitchen would all be considered interesting features of the home. Most purchasers will likely have reservations about paying additional for a property’s elements that are hidden or are not noticeable, for example, a second heater, plumbing framework, or a rooftop.

The green components of a property are someplace in the middle. There is gratefulness and a cool element for a property’s solar panels or naturally controlled AC. On the off chance that a home’s green elements have a cooling element, a purchaser will pay additional for the property. In any case, if a property has green elements that neglect to energize a purchaser, for example, a covered air filtration framework, they are not liable to spend more than they would for a comparable property that does not have the elements.

Money-saving green elements

A home with green elements that neglect to peak interest is not likely to entice a purchaser to spend more cash to buy the property. In any case, if the home is outfitted with green elements that will spare the homeowner cash later on or in the short term, potential purchasers are liable to be more intrigued.

With regards to the resale of a property, it is unlikely the merchant will recuperate the full cost of interest in green elements. For example, solar panels or green indoor regulators. Like an overhauled kitchen or redesigned lavatory, the expense is incorporated with the aggregate estimation of the property. This displays a circumstance that is exceptionally useful for purchasers, as they can profit from a green element and any cool element in the meantime.

Should new listings include green elements?

For new listings, the potential purchaser needs to make a point by point cost versus advantage breakdown of including any green elements. Builders normally offer buying arrangements and custom components to purchasers, including energy-efficient structures for warming and cooling a property. The additional expense of these frameworks is typically around $50,000; however, the national government offers tax credit that instantly returns $30,000 to the purchaser. The underlying expense of the framework is likewise typically included with the expense of the home loan, so the purchaser is not required to make any underlying payment of money.

The energy bills of a property with a geothermal framework are significantly lower than that of a property without the improvements, so inside 5 years the purchaser would recover the expense in energy upgrades.

The choice to incorporate green components for the additional value is an individual choice. On the off chance, a purchaser does not plan to live in the property for the long haul they may feel they won’t profit by the saving in energy bills, and those future purchasers won’t pay additional for the element, particularly in a moderate housing market. Purchasers that plan to invest long term in the property, or need to focus on being earth-friendly with their home, may feel encouraged about including green components.

A developing business sector

A developing corner of the real estate sector will be spending additional money on green components and be less worried about the expenses of the elements. While the cost savings are a reward, their sympathy toward the earth drives their basic motivations.

It is eventually an individual choice every purchaser should consider, the ecological effect and cost-saving and how they impact your real estate choices. One thing you can make certain of is green elements are here to stay and will turn out to be progressively vital in the housing market.

real estate markets
How to Deal with Competitive Real Estate Markets 1024 683 Relevé Real Estate

How to Deal with Competitive Real Estate Markets

real estate marketsIn numerous zones of the nation, the lodging business sector is developing and its quality has lead to a focused business sector for purchasers and a less demanding business sector for mortgage holders hoping to offer. The following are some top tips for those hoping to enter the property furthermore for those hoping to offer in today’s focused business sector.

Fender Tip: Know your property well and be straightforward with potential purchasers in real estate markets

Merchants are in a position of quality in today’s business sector, yet you would prefer not to lose a potential purchaser and significantly after arrangements come up short, and need to re-acquaint your property with the business sector. Ensure you know all the points of interest and potential pitfalls of your property and be straightforward with potential purchasers. Purchasers are a lot of a property’s issues on the off chance that they think about them before entering transactions. Withholding data could execute your arrangement later and purchasers are a lot of shortcomings in the event that they are entering an aggressive business sector.

Purchase Tip: Be prepared to finalize negotiations and move

Be aware of property postings and prepared to orchestrate a review when something intriguing comes up. There will be loads of purchasers appearing to be identical property as you, so when an incredible house is recorded on Tuesday it might be from the business sector by the weekend. Genuine purchasers are prepared to make an offer and close an arrangement rapidly.

Merchant Tip: Have a sorted out procedure for getting offers

There is no brilliant tenet on whether to acknowledge the principal offer you get or to leave your property available sitting tight for a more alluring offer. It relies on upon the season of the year, the town, the state and different variables that your land specialist will have the capacity to talk about with you, and help you think of an arrangement. In a few regions it can be an awesome thought to hop on the principal great offer you get in the real estate markets, while in different regions, it is best to hold up and have more showings before evaluating all the offers you have gotten without a moment’s delay.

Purchase Tip: Purchasing your fantasy home won’t be simple

It’s extremely uncommon that a purchaser brings home the bacon on the primary property in real estate markets they like and make an offer on. The procedure requires some investment and with heaps of rivalry, you can without much of a stretch miss out on a property on the off chance that you don’t act quick or your offer is too low for the dealer to acknowledge. In the event that you pass up a major opportunity for a house, it’s essential to stay hungry and keep headed to locate the right property next time. First-time purchasers are regularly unpracticed, each home you see and each offer you make is helping you take in more about the business sector and turn out to be more alright with how the entire procedure functions. Passing up a great opportunity for a property is not generally a terrible ordeal, as the home you believed was flawless a month prior does not appear to be half as appropriate as the property you discover a month down the line.

Dealer Tip: Contemplate the opposition and know your business sector well

A dealer ought to know the business sector before they put their home available to be purchased. Spend a couple of weeks considering alternate properties available to be purchased in the zone, even mastermind a couple of viewings, before putting your home available. When you are prepared to offer, know your opposition and how to value your property to get the most consideration from purchasers. Each property is distinctive, however, you ought to know your own particular property all around and how it thinks about to the opposition. In spite of the fact that the house available to be purchased down the road may have a fresh out of the plastic new lavatory and kitchen, you can value your property as an alluring option with incredible worth for purchasers that need to do their own particular home enhancements. All around evaluated homes draw in the consideration of purchasers and lead to quicker deals and expanded rivalry, which supports costs.

Purchasers and Venders Tip: Arrangement and staying caution

The lodging business sector can be upsetting for both purchasers and dealers. In a focused business sector, things can move along rapidly and both sides of the business sector should be mindful in the event that they need to effectively purchase or offer a property. Dealers have the high ground as they can put in weeks of arrangement before entering the business sector, something vendors should make utilization of to boost their prosperity. Purchasers must be on their toes and prepared to respond to postings and be set up to make an offer and move when they locate the right property. An aggressive business sector is quick moving and can be exceptionally energizing for both purchasers and merchants, so attempt to appreciate the ride.

Home Appraisal
Maximize your Home Appraisal 1024 683 Relevé Real Estate

Maximize your Home Appraisal

Home Appraisal6 Home Appraisal Tips to Get a Higher Valuation

Inquire as to whether they’re neighborhood.

At the point when the appraiser calls to make the arrangement, inquire as to whether they’re neighborhood. Real estate is neighborhood, and an appraiser from away may not be as acquainted with the nearby real estate market. You need your house to be assessed with respect to its area, not in connection to the neighborhood business sector of the appraiser from 60 miles away.

Asking for particular appraisers is no more permitted, on account of every one of those shenanigans around 2005-2007.

“Moneylender’s select Appraisers today by conveying an email impact to all appraisers on a loan specialists list. The appraiser who gets the appraisal is the person who hits the “acknowledge” catch the speediest AND who consents to the expense the loan specialist needs to pay. The present worldview is: who is the speediest and the least expensive?” says John Carlson, a California Certified General Real Estate Appraiser with JCCREA.

“On the off chance that you get an out-of-the-range appraiser, you can attempt to request another appraiser from nearer to your region, yet from what I have been advised on the master board to which I have a place, that never works. The loan specialist would need to convey another email impact with the expectation that a neighborhood appraiser hits the acknowledge catch first.

On the off chance that a borrower gets an out-of-the-territory appraiser it makes it significantly more vital to take after your recommendations about knowing your business sector, in all likelihood, superior to the appraiser who is turning out.”

(Much obliged to you John, for the redress!)

Clean up.

You never get another opportunity to make an early introduction. The appraiser is just going to be in your home for a brief span — possibly a hour in case you’re really fortunate. Evacuate jumble and make within sparkle brilliant. Set it up like you would for an indicating — put everything without end and ensure the entire house smells pleasant.

This is in fact shouldn’t help the home appraisal; be that as it may, your appraiser is going to see if the house is a fiasco. You don’t need them to stroll into the property and have their early introduction be “what a dump!” If the property is leased and you’re attempting to renegotiate, ensure the inhabitants know not all that matters as perfect as would be prudent.

In case you’re offering or renegotiating a property that is not inhabitant involved, the main thing to do any other way than a demonstrating is to stay put. You need to be at the home when the home appraisal is going on. You DO NOT have any desire to chase after the appraiser like a puppy, yet unquestionably inquire as to whether they require anything, and let them comprehend what part of the house you’ll be in if they have any inquiries.

Look outside, as well!

The outside of your home ought to be spotless and flawless. On the off chance that you are being evaluated amid grass-developing season, ensure the garden is cut and tidy up dead leaves or plants. In the event that you are being assessed amid snow season, ensure the carport and walk are scooped.

Get toys, rubbish, and garbage. Do you have a canine? Evacuate all that proof, as well. The exact opposite thing you need is for the appraiser to think your house is horrible before they even stroll in the entryway.

Have a rundown of changes.

Home appraisals depend on as of late sold homes — and what preferred comp is there over the accurate house?

On the off chance that you’ve made any changes in the property, have a rundown of what you’ve done, the amount you spent, and when the change was made. Noteworthy changes on a property that was obtained as of late can help the appraiser comprehend the extent of work and urge them to assess higher than the late price tag.

Make a trick sheet.

Measure the rooms in front of the home appraisal and have a sheet to provide for the appraiser. They will no doubt still take their own particular estimations, however having a page from you can help them ensure they don’t miss a room.

Give an outline of the whole home, obviously highlighting the positives. No component is too little to say, and a few overhauls may not be promptly obvious. Who can tell if the pipes or electrical has been overhauled by taking a gander at the dividers?

Clarify the comps.

Have your real estate specialist pull equivalent properties that have as of late sold and those that are at present available. You ought to remain focused of your neighborhood showcase at any rate — seeing similar properties to get a vibe of what is offering and for how much — both previously, then after the fact recovery.

Your appraiser won’t be ready to go into the sold houses to see what they resemble — they won’t know whether the home had really shoddy covering or stunk of felines. Be set up to give clarifications of every property that has as of late sold, particularly those that have sold at a lower cost than you are seeking after.

My neighbor was attempting to money out refi her home in the no so distant past. As of late sold houses on our road had issues that weren’t uncovered on the MLS. One home sold for $45,000 not as much as what it ought to have on the grounds that it had undisclosed sewer issues. Undisclosed on the MLS, at any rate. The purchasers were recounted the issues before shutting, however it wasn’t promoted on the MLS, which is the place the appraiser gets their as of late sold data.

Another home on my road sold for $100,000 not as much as its actual quality in light of the fact that the earlier proprietor had passed away in the bathtub and went unfamiliar for 12 days in August. That wasn’t shared on the MLS, either.

We wrote up a sheet that played up the issue issues for every property that as of late sold and imparted it to the appraiser. Her home assessed for what she required it to, and the appraiser expressed gratitude toward her for the extra data.

3 Tips to Fight a Low Home Appraisal

Appraisers are human and commit errors simply like others. On the off chance that your property evaluates for altogether lower than you are expecting, you might have the capacity to challenge the outcomes.

Twofold check figures.

To begin with check to ensure the property details are precise. Did the appraiser incorporate every one of the rooms and bathrooms? Is the square footage right? Did they overlook the storm cellar or misinterpret the span of the part? On the off chance that you discover a mistake, give confirmation to the appraiser and ask that they rethink the property in light of the extra data you have given.

On the off chance that your home appraisal is marginally lower than you are seeking after, your odds aren’t as great to battle the appraisal. Once more, ensure the data is right, and you can absolutely request that the appraiser reconsider the property. Having practically identical properties to impart to them can help your cause too.

Know your neighborhood.

Regardless of the possibility that your appraiser is nearby, they may not be personally acquainted with your neighborhood. School locale can change valuation essentially. In case you’re situated in the better school region, ensure the appraiser realizes that — and incorporated that into the valuation.

Analyze similar properties.

MLS postings on as of late solds don’t generally recount the entire story. On the off chance that you didn’t impart the backstory to the appraiser before and you have a low comp dragging down your home appraisal, ensure they comprehend the reason the home sold for such a low cost.

Likewise ensure the practically identical properties are really similar. Same neighborhood, sold as of late, and so on. It’s anything but difficult to mistype and get a completely distinctive area. Being off by even only a mile could radically change valuation.

The Mortgage Hinges on the Home Appraisal

A customary home loan won’t experience without a home appraisal — and if the home doesn’t assess, that is the end of the line. Unless you can demonstrate a mistake in the appraisal procedure, you aren’t prone to influence the appraiser’s brain.

Keep this issue from happening at all by planning records early that depict your property in the best light. TELL the appraiser what you need them to contrast your home with by sharing a rundown of enhancements, giving the most ideal comps and clarifying the lower deals costs, and making a home trick sheet specifying each easily overlooked detail.

Wesely Chapel Home Buyers
First Time Wesley Chapel Home Buyers 941 706 Relevé Real Estate

First Time Wesley Chapel Home Buyers

Wesely Chapel Home BuyersStepping into the home buying business sector can be an overwhelming knowledge. Lamentably, there is no totally watertight orderly procedure to ensure you’re acquiring the right house for Wesely Chapel Home Buyers. In any case, on the off chance that you continue understanding you will see a portion of the greatest missteps that first-time purchasers make and comprehend what to maintain a strategic distance from when it comes time to purchase your own first home. Try not to be a first time dealer that second thoughts their choices as a first-time purchaser.

A bit excessively cozy and little

In the event that you are love birds or plan to begin a family soon, as Wesely Chapel Home Buyers you should abstain from picking a property that is a bit excessively comfortable. It’s profoundly exhorted you don’t go for a two-room home as you will get yourself somewhat confined when tyke number two arrives and you’ll be hoping to move to a bigger home. Regardless of the fact that you don’t have any quick longing to begin a family, arranges can change through the span of a couple of years and the little two-room old cabin you discovered sufficient could get to be prohibitive. Three-room houses are by and large more appropriate as, if do you stay at the property for additional time than you at first expected, they sufficiently offer space to easily begin a family.

Excessively extensive

On the flip side of the scale is the home that is much too enormous. A six-room house will offer a lot of space for visitors and your future kids to grow up, however, it may not right now suit the necessities of you and your accomplice. You won’t require the additional rooms for a long time and might pay a much bigger home loan than you shortly need to.

The venture

It might entice to purchase yourself a property needing some redesign and convey its breakthrough with a little work. There are a lot of TVs demonstrates that demonstrate the change a home can experience with two or three challenging tasks and a couple days of painting and adorning. Nonetheless, loads of undertaking homes invade on time and go fundamentally over the spending plan, notwithstanding when taken care of by veteran mortgage holders. On the off chance that you can sensibly consummate your home inside a sensible spending plan and time span, with basic updates, you may have found the right venture house for you. Be that as it may, in the event that you detect a few difficult tasks and the requirement for a noteworthy upgrade, you ought to abstain from falling into a cash pit.

The extra time executioner

Does your planned new home have any lavish unique elements that will require heaps of support or upkeep? Swimming pools, hot tubs, huge front and back greenhouses, and so on all require loads of time and extensive cost to keep up. It is safe to say that you are cheerful to invest your free energy and money keeping up the pure appearance and components of your home? If not, then you ought to discover something more reasonable.

Thinking about your new home as a business speculation in Wesley Chapel Property Management.

Each first-time purchaser might want to make the most of their new living space for a couple of years, perhaps make a couple of enhancements, offer their home for a great looking benefit, and purchase a surprisingly better second home. Yet, regarding your first private property as a venture opportunity, as opposed to a home to live in, can blowback and snuff yearnings. Now and then you can make perpetual home enhancements that simply don’t resound with the following potential purchaser. What’s more, because of outside variables, house costs don’t generally rise and you are left with almost no influence on the estimation of your property. In the event that you are thinking about your first property as a speculation, and are more worried by a home’s offer on worth than you are by its appropriateness as a living space to live, you ought to contemplate the business sector completely before settling on any choices. Take as much master exhortation as you can and think deliberately before you make an offer and sign the printed material.

Overlooking the area for Wesely Chapel Home Buyers

While your own particular Wesley Chapel Homes needs may not be influenced by a home’s area, some of the time it will extraordinarily influence future purchaser’s needs. You may think you have found a deal, the however, battle to discover a purchaser with regards to the offering. Regardless of the possibility that you have no arrangements to begin a family or wouldn’t fret not being situated in the unpleasant around the edges side of town, you ought to consider what future purchasers will search for. Try to watch out for the school locale and financial quality of the territory.

home warranty
Do I need a Home Warranty? 640 426 Relevé Real Estate

Do I need a Home Warranty?

home warranty

What’s a home warranty, and do you want one?

Proudly owning a domestic is a outstanding success but at the identical time, it comes with duties. Upkeep & regular maintenance are a number of the matters that you may now need to deal with as a domestic proprietor. But, many first time domestic proprietors are not always prepared for some of the troubles they will run into with their utilities or maybe housing structure. For instance you can wake up one morning to find out that your water heater has damaged down and it’s 32 tiers out of doors. Everything in your own home has a existence cycle so its excellent to be organized when matters want fixing or maybe replacing.

What do you do while such matters happen?

Many owners might not have the enjoy important to do small maintenance, specially when they come at surprising times. A few individuals can be lucky sufficient to have a close-by member of the family who is knowledgeable in those sort of prevalence. Others may also recognise an electrician or a plumber but the whole method of getting bids and figuring out what the real motive of the hassle is, let alone getting it solved, takes quite a few time. The first-rate issue to do as a new home proprietor is to have a domestic guarantee.

What is a home warranty?

A domestic warranty works nearly like an extended warranty or insurance coverage you would buy in your flat display television or telephone. It covers the fees for replacing or repairing almost some thing that can sooner or later end functioning in your own home. Normally, payment plans range from $three hundred to $900 according to yr.

The only aspect that you may should do is touch your home assurance issuer either by means of phone or by way of submitting a ticket on line. The home warranty provider will then contact the employer or contractor they have a settlement with. The employer will then send someone to resolve the trouble via both fixing it or replacing the malfunctioning object all collectively. All of the restore or substitute charges might be included by your home assurance top rate and you’ll handiest be required to make a co-charge for each incident.

Who should purchase a home warranty?

Home warranties are specifically suitable for first time millennial and gen x/y domestic consumers who are commonly accustom to renting. Those former renters may often be so willing to call the landlord each time a trouble arises. Your new domestic warranty company will essentially take over the position of your former landlord. These domestic owners often paintings for lengthy hours and might not have the time or strength to call round and discover an electrician or a plumber to get appropriate estimates from. Having to wait through the 12-4pm window for the restore character to come back to your property may also now not be so appealing.

Upkeep whether expected or surprising can be too costly and you could undergo an alternatively lengthy process before you get the trouble resolved. You can avoid having to address this procedure in your personal with the aid of setting up a home warranty.

A Home warranty is not restricted to most effective gen x/y and different first time domestic owners. Any domestic proprietor at any age can purchase a domestic assurance any time. So there’s a few flexibility whilst it comes to buying your home warranty.

If your home has been inspected, then you definitely understand the existence expectancy & the situation of the maximum of your utilities. Usually, maximum home equipment damage down after round 15 or twenty years and also you don’t need to deal with several malfunctioning matters at the identical time.

Before you do buy a home assurance but, it’s miles beneficial to keep around and evaluate the numerous rates & insurance plans treasured to make certain which you get a bargain. Keep in mind that an older home will, in reality, need more coverage.

Investors who may not need to be doing maintenance for his or her tenants must additionally keep in mind home warranties. This have to specifically be taken into consideration via real estate traders who aren’t as experienced with the typical quantity of renovation a assets would require. A guarantee will even prove very beneficial if you don’t have a network of restore humans to be had to make the maintenance. A domestic warranty will keep each you and your tenants glad and satisfied.

Listing Price
Determining Listing Price for Your Home 1024 682 Relevé Real Estate

Determining Listing Price for Your Home

Listing PriceEach home proprietor needs the best arrangement when they at long last choose to offer their home. It’s each homeowner’s fantasy to see an offering war follow. Shockingly, most homeowners wind up settling for normal or even beneath normal offers as indicated by most real estate specialists. What most home venders neglect to perceive is; getting an awesome arrangement doesn’t involve luckiness, timing or even area. It has more to do with being furnished with the right information concerning the brain research of a home purchaser and showcasing the quality to your home. How about we get directly into it and talk about the key to offering your home for more than the asking cost.

1. Request less to get more

This is by a wide margin one of the best-kept mysteries of offering a home for more than the asking cost. In spite of the fact that this methodology gives off an impression of being counterproductive at first look, it works ponders by making the vital consideration required to make a wild offering war. It’s significant that offering wars are made when there are different willing purchasers and to get numerous ready purchasers, the cost must be extremely appealing i.e. lower than the going business sector rate. When you value your home lower than the business sector rate (preferably, 5-10% lower), you will undoubtedly pull in more purchasers who will offer better offers to outbid other intrigued purchasers. You are will undoubtedly get incredible offers since potential purchasers will realize the genuine estimation of your home when they see it.

2. Try not to acknowledge the principal offer

This is another best kept mystery for offering a home for more than the asking cost. It doesn’t make a difference how great the main offer is, you ought to sit back and watch what different offers come your direction. At last you need to have the capacity to develop wild rivalry between intrigued purchasers, which will at last build your home’s last cost. An intrigued purchaser is continually ready to offer more within the sight of rivalry.

3. Approach financial specialists

Financial specialists may not be the primary individuals you think off when you need to offer your home, be that as it may, they are extraordinary in light of the fact that they are constantly prepared to go up against great arrangements and they likewise give the genuinely necessary motivating force to compel standard home purchasers to part with some more money. This system is incredible particularly on the off chance that you have a home with an awesome venture potential i.e. a home that can be effortlessly renovated to offer more rental space/bring a higher cost. Search for offers from financial specialists just to inspire customary home purchasers to offer more than the asking cost.

4. Make your home emerge

You additionally need to make your home emerge for you to get more than the asking cost. You need to do all the essential redesigns to make your home great. It is, be that as it may, essential to put resources into remodels that increase the value of your home instead of consuming your benefit. Case of remodels that will expand your home’s estimation incorporate; repainting, finishing, rooftop, loft and storm cellar redesigns. Such redesigns support the estimation of homes by roughly 10% or more and additionally make homes emerge. To cut expense without bargaining the result, you can think about doing as some remodels yourself i.e. repainting and finishing.

5. Highlight what makes your home celestial/emerge from comparable homes

Each home has a key offering point that may not as a matter of course be identified with the elements. It could be anything really from some additional patio nursery space to an uncommon tree animal groups in the lawn or an acclaimed occupant who once lived in the house. You have to discover the most one of a kind parts of your home and highlight them to potential purchasers to make them agreeable about offering more than the asking cost. You shouldn’t make due with the normal approaching cost for homes like yours. Locate the most exceptional components of you home and highlight them.

The above data highlights the top mysteries to offering a home for more than the asking cost. You don’t get the best arrangement for your home in light of sheer good fortune, the area or offering your home at the ideal time. It’s more about understanding what makes a potential home purchaser consider paying more. Making offering wars is an awesome method for getting more than the asking cost. You ought to likewise concentrate on making your home remarkable and in addition highlighting your home’s uniqueness.

If Land O’ Lakes Mortgage Rates Went Up 150 150 Relevé Real Estate

If Land O’ Lakes Mortgage Rates Went Up

 

Land O' Lakes Mortgage Rates

Land O’ Lakes Mortgage Rates

If mortgage rates went up, the dollar would be worth more.  The money would be more expensive to borrow, therefore, more scarce and valuable.  You would have more purchasing power with the money you already have and earn a higher return on savings.  Banks would have more money to lend because they could entice customers with high CD, IRA and savings rates.  The higher rates would curb inflation, causing the price of everything to go down, including real estate.

Higher mortgage rates will further depreciate America’s housing market. If you are selling a home for$100k and the average mortgage rate is 5%, the buyer’s payment on a 30 year fixed mortgage is $536 per month.  If the mortgage rate went up to 8%, how much of an offer could the buyer make and still keep their monthly payment at $536?

Answer: $73k.  Buyers in the market for your property can now only offer 73% of the price when rates were 3% lower.  Your home just depreciated 27%.

Are we at the bottom?  Not even close.

On April 1st Federal Reserve is not continuing its investment, which means that mortgage rates are about to increase.  Experts believe home prices will drop 5 to 10 percent.  – realestate.com

Rates have been kept artificially low for the past 9 years, creating a boom and then propping up a bust.

Perhaps rates should really be at 15-20% to make up for all the money that has been printed and spent.

Either rates will stay low and the whole thing will go into a death spiral or at some point market forces will push rates up.  When that happens, expect your home to be worth less, and maybe the market bottom will be in sight.

For professional property management in Land O’ Lakes and Lutz, FL, contact Relevé Real Estate and Property Management

Rental Marketing Land O’ Lakes 150 150 Relevé Real Estate

Rental Marketing Land O’ Lakes

Rental Marketing Land O' Lakes

Rental Marketing Land O’ Lakes

Vacancies will kill your cash flow. Having your property vacant just one month can wipe out all of your profits from the year.  It is better to secure a tenant for $50 less than what you are asking than to have your property sit vacant for a month.  Being real estate investors ourselves, we adopted the philosophy of ‘keep it rented.’

So when we have a property coming available, we do everything we can think of to get it rented fast.

Our biggest successes have come from marketing our properties online.  This not only gives us a lot of great targeted leads, it doesn’t cost our owners a dime.

The video is becoming more popular on the web.  Videos are also being factored into rankings on search engines like Google, Yahoo and Bing.

If you list a video with the area + for rent in the title, then your video link will show up in property searches for that area.

The actual ad looks a lot better and gives the prospective tenant a better experience in shopping for a home to rent.

The advertising costs to our owners are still zero, but we now create great looking video advertisements for their properties.  They are posted on the Relevé Property Management channel of YouTube.

Going forward, videos will become more and more important in finding and securing good tenants.  Sun Rock will continue to utilize technology to make your property stand out from the rest and eliminate vacancy.

In Pasco and Hillsborough counties, Florida, We Manage Your Investment.

Finding a Tenant in Land O’ Lakes 150 150 Relevé Real Estate

Finding a Tenant in Land O’ Lakes

Finding a Tenant in Land O' Lakes

Finding a Tenant in Land O’ Lakes

Properties do not necessarily have to be listed on the MLS.  The MLS would be more for prospective tenants that are looking for a rental with a real estate agent.  Generally, the commissions are not that good for tenant location, so most real estate agents do not pursue these leads.  Usually, it is for a friend or referral.  Overall, the MLS is geared more towards sales and for listing your rental property and finding a tenant in Land O’ Lakes, Florida, it is best to have the advertisement show up on many different websites.The MLS used to be the only thing out there to buy and sell properties.  But now with so many resources online, it is irrelevant.

Most of the sites are free, and there are sites that circulate the ads to multiple sites.  Most of our leads come from Zillow, Craigslist, and the company website.  Zillow is still the current king of finding tenants online.  Everyone uses it.  We post our properties to over 50 different rental listing websites. We get a couple of leads from HotPads and then some from local rental pages.

If your property manager tells you their advertising strategy is to list the property on the MLS, this is probably not the fastest and most effective way to find a tenant in land o’ lakes, Florida.

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

Storage Facility
Finding the Right Storage Facility 640 427 Relevé Real Estate

Finding the Right Storage Facility

Storage FacilityFrom time to time you’ll run over things around the house that you never utilize however you can’t discard or give. These things can consume up huge room in your home and turn out to be a significant bother to store. In the event that you end up in such a circumstance, utilizing a storeroom is an awesome choice to keep your belonging secure and effectively available. The following are some vital elements to help you settle on precisely what you’re searching for with regards to picking a self storeroom.

What kind of capacity do you require?

You ought to pick an office that gives the right stockpiling alternatives to suit your particular necessities.

Size

It can be hard to judge the amount of space you should satisfactorily store your things. Leasing a unit that is too substantial is a misuse of your assets, while capacity that is too little, will clearly not have the capacity to hold the greater part of your things. To evaluate the measure of space you will require, make an extensive rundown of the considerable number of things that you wish to store and search for quotes and counsel from capacity organizations on the extent of capacity unit you will require.

Atmosphere controlled capacity

While they can be more costly, atmosphere controlled capacity units are perfect for keeping things that are sensitive or of wistful worth. Then again on the off chance that you live in a range that is influenced by shifting climatic conditions, atmosphere controlled units are an extraordinary approach to keep your belonging protected and secure from the components.

Capacity area

Capacity that is found near bigger urban communities has a tendency to be leased at a premium, while more separated stockpiling areas are typically less expensive. On the off chance that you require your things to be routinely available, it is a smart thought to pick a capacity area that is adjacent to your home. On the off chance that you just once in a while need your things, a less expensive office that is further far from your home merits considering.

Simple entry

Standard weekday access to your capacity unit may not fit with your timetable, while some storerooms are available all day, every day and might be more suited to your necessities. Choose how frequently and at what times you will require access your capacity unit before looking into the open hours accessible at various storerooms.

Security

You need your belonging to be secure, so security is a need while picking a storeroom. Ensure that the capacity organization offers the accompanying security and wellbeing highlights.

CCTV and caution

The office ought to have a cutting edge camera observation framework and alert framework. It ought to have complete scope of the entire site to guarantee the security of the capacity units.

Fire wellbeing

The office ought to be furnished with flame cautions and a sprinkler framework to shield your things from flame harm.

Capacity Features

Capacity units ought to be satisfactorily ventilated by crevices at the highest point of the dividers, or a ventilation framework, to guarantee that there is flow of air to keep any buildup. The floor of the unit ought to be raised to stay away from the stream of any surface water, and the entryway ought to be secure and furnished with a solid hook so you can utilize an individual lock.

Upkeep of the office

The state of a storeroom is a decent marker of the dependability of the organization. While inquiring about offices you ought to guarantee that:

The structures a very much kept up and not basically harmed. Gaps and splits in a building can show spilling, infestations of bugs, and different issues.

The property is kept clean and in a decent condition of repair. Grimy and jumbled regions show an absence of support and expanded flame hazard.

Helpful hardware and stacking docks are accessible to customers.

Adequate stopping, with direct access to the capacity.

Sufficient lighting to guarantee you can without much of a stretch handle your assets amid the day and night.

A high inhabitance of capacity units, an absence of inhabitance demonstrates the office may have fundamental issues.

Inviting and accommodating staff that are educated about the operation of the office.

Visit storerooms in individual before picking an organization. You will be all around educated of the qualities and frail purposes of every site before settling on a choice. Ensure that the office you pick gives attractive robbery and harm protection to cover your profitable things.

questions to ask
Best Questions to ask a Property Management Company 1024 683 Relevé Real Estate

Best Questions to ask a Property Management Company

It is important to ask the right questions when searching for a property management company to hire.

The difference between a good property manager and a bad one can mean thousands of dollars in investment income.  When you are researching and screening potential companies to hire, here are the best questions to ask to educate yourself on which company will be the right fit for you.

See also our company’s Frequently Asked Questions page to learn more about us and our services.

Who is the licensed broker?

You need to know who the broker is in case something goes wrong. Brokers have PMs who work underneath their licenses, so ultimately the broker is who you need to go to if a problem is not getting resolved.

How long have you been managing properties?

The experience of the company is vital to know. That being said, an aggressive novice may be a better fit for you if you are looking for a discounted service or more control.

How many properties do you manage?

For this question, you really just want to find out if they have been managing enough properties to justify they can handle most of the usual issues. This also demonstrates they have systems in place to effectively manage your investment.  Too small a company may leave you open to mistakes or the company folding up overnight. Too big and they may not invest enough time in managing your property and customer service can suffer. 

How long do clients stay with you?

You want a property manager who’s in it for the long haul. You do not want a property manager with a high turnover rate.  Customer loyalty means the property manager is making them money.

Do you only manage properties or do you sell, too?

Most places do both. That being said, it is good to recognize the company’s motivations and desires. You want a manager that will prioritize effectively managing your investment, not just looking for a big score to sell your house.

What do you offer that sets you apart from different companies?

You want them to sell themselves, to inform you what they do otherwise from other organizations. Keep in mind, this is an interview for your business.

What is your expectation for the owner to be involved with the property?

You need to determine what the expectation is for your level of involvement in the partnership. They should be flexible and make it so that you can be as involved as you want to be. If this is meant to be a purely passive investment for you, you may not want to hear anything at all.

How regularly do you talk with the homeowners?

This is very essential, considering that communication is fundamental. It’s is simply important to recognize what issues you will be notified about, when and how quickly they can be resolved. 

Do you offer the owner information to the tenant?

Some owners would like the tenant to be able to reach out to them, others want no involvement whatsoever.  The property manager should respect the owner’s decision and never give out any unauthorized private contact information.

How often do you send out statements and what details do they include?

It is important to have clear expectations surrounding the accounting statements. Find out whenn you will receive them and how much detail they will have.  You need to know when you should expect your rent proceeds to be paid out and who to speak with if there is an accounting error.

What is your turnaround time on calls and emails from owners?

Timely communication is important in managing your property. Many times, issues can be time-sensitive and need an immediate response. When that happens you need to know what you can expect from the company you hired. This is why you need to realize what to anticipate and how long it takes to hear back from your manager.

What is your month-to-month fee?

Every real estate agency calculates its costs differently. Some price 10%, and that includes full-service. Others do 6% and charge extras everywhere, so ensure you’re looking at the picture.

Who is on the lease with the tenant?

In some locations, the owner is on the lease. In different places, it’s the management company on the lease.

What lease terms do you offer?

Many property managers will look to obtain annual leases and this is what is required for many homeowners associations. But the management company should be flexible to your needs and have month-to-month, nightly or biannual options.

Do you charge more for monthly rentals?

You should expect a rental increase in month-to-month rent. There is more turnover built-in and tenants expect to pay more for shorter terms anyway.

Do you have an early termination clause?

You would need to know the policy and procedures for tenants who wish to break the lease. Owners need to have this clause in writing on the lease to protect them.

Do you collect a security deposit?

Find out how much is the security deposit collected, where will it be held and what is the criteria for refunding/claiming it.

Do you troubleshoot along with your tenants after they call for repairs?

To reduce maintenance expenses, the property management company should troubleshoot issues with the tenants. Sometimes it can just be a tripped breaker or something that does not require a $90 service call.

Conclusion

Hiring a property management company is a huge decision that will either have a positive or negative impact on your investment income over the following years.  Use the questions to qualify your new property manager to be assured that you are avoiding pitfalls and being set up for success.  Reach out to Releve Real Estate if you have any further questions.

Home in Tampa
Selling Your Home in Tampa 640 462 Relevé Real Estate

Selling Your Home in Tampa

Home in TampaIt is safe to say that you are prepared to put your property available? You might need to twofold check this rundown first before offering your home in Tampa.

When you choose you’re prepared to offer your home, you will need to commit some time and push to guarantee that the floor coverings are perfect, the greenhouse is well kept, and that your home is enhanced to make the most ideal impact on potential purchasers. In any case, you ought to spare some an opportunity to deal with this critical yet effortlessly overlooked, assignment: contact your neighborhood government to guarantee that it has the right data about your property.

Whether your home is a three story rural manor or a one room condo, nearby government records will have extra subtle elements and archives on it. Issues with region records on your home can slow down the advancement of a deal experiencing, or even wreck an arrangement totally. So ensure everything is exact and cutting-edge before you choose to list your home available.

The building division – Selling Your Home in Tampa

Your nearby town or district holds records on each building grant that has been issued and additionally points of interest of each building that has been built inside its region. The lead building assessor is entrusted with guaranteeing that any adjustments that are made to a property meet the present construction regulations and that any work attempted is finished by authorized temporary workers.

The building division is basically intrigued by guaranteeing your property meets wellbeing and security directions. At whatever point someone makes an application for a license, the building office will convey an auditor to physically examine the work that has been finished and marked it off.

How can this influence home venders? – Selling Your Home in Tampa

Once an offer has been made and an arrangement has been settled upon by the purchaser and vender, the purchaser will contact the building office to finish their due perseverance. In the event that they find any issues, for example, an open allow that was connected for by a contractual worker yet was never examined and formally closed down by a controller, they could surrender the proposed manage the dealer.

It is entirely normal for venders to find that eventually amid their property’s lifetime an oversight has been made, grants can absolutely fly under the radar without hardly lifting a finger. The oversight could have a place with the contractual worker that finished the work, the past proprietor of the property, or even an authoritative mistake made by the building office itself.

Issues like these can bring about a major migraine for proprietors needing to offer their home. Once a property is sold, the new proprietor is in charge of any illicit development or unregulated work, something that is exceptionally off-putting to potential purchasers.

Assessor records – Selling Your Home in Tampa

The town assessor watches the nearby real estate market and, with the end goal of property duty, can recognize if your property’s surveyed worth is in accordance with the business sector.

On the off chance that the business sector backs off, the assessor won’t consequently bring down the evaluated estimation of your property and lower your property charges. In any case, they will consistently experience late allows issued by the building office and expansion the surveyed estimation of your home if any late enhancements or remodels have been finished that could expand the business sector estimation of your property. This would mean higher property charges.

Your property could be either over or under surveyed. In the event that it’s over, you ought to make a grievance to your assessor with any records or data that would bolster your case for diminished business sector esteem. Each neighborhood government has a framework set up to manage appraisal grievances. Try not to avoid this when offering your home in Tampa.

Stay one stage ahead – Selling Your Home in Tampa

Before offering your home in Tampa, check the accessible government records on your property. A few issues, for example, an open license, can be effectively altered. On the off chance that it’s a more significant issue, you ought to defer posting your property until it is determined. Taking care of any of kind of issues with government records early spares keeps any astonishments from coming up later that could wreck a deal.

Rent vs Buy 150 150 Relevé Real Estate

Rent vs Buy

rent vs buy
The rent vs. buy calculator was traditionally used by realtors and mortgage lenders as a way to show you the benefits of homeownership.  These include building equity, getting a tax write-off and appreciation of the property.

These numbers always skew in favor of purchasing a home instead of renting, which is what they want you to do anyway.  Buying a home and paying it off in 30 years does make sense financially, but who really does that anymore?

To make an intelligent decision in times like these, you have to go outside the numbers.

Will I live in the property for 30 years?

What is the total cost of ownership of the property?

What if I get transferred or move?

What if I can’t find a tenant or a tenant doesn’t pay?

What if I lose my job?

What if the property doesn’t appreciate for the next 15 years?

What repairs/renovations will I have to do?

What if my taxes, insurance and homeowners’ dues increase?

Ask yourself a few of these questions and see if renting might be the right choice for you, right now.  Make an informed decision and consult with professionals.

Relevé Real Estate and Property Management is a full-service property management company in Florida, with a portfolio of properties from Land O’ Lakes to Sarasota, Florida.

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.

Days on the Market 150 150 Relevé Real Estate

Days on the Market

Number of days on the market is the ‘other number’ to look at.

days on the market

When looking at comparable properties to see how much to list your property for rent, you not only have to look at the listing price, but also the number of days the property has been listed.  A property listed for $1500 per month and sitting vacant for a year is worth $0 that year.  The same property listed for $1000 per month and leased after one week is worth $12,000 that year.  The rental rate is not determined by what you think it should rent for or the exorbitant rates listed for similar properties.

The rental rate is how much the new tenant agrees to pay when they sign the lease and put down the deposit.  Nothing else.

Recently, we had a new buyer believe they could get higher rent then what we were getting.  The $900 per month didn’t seem like enough when there are similar properties listed in the neighborhood for $1200 – $1400 per month.  But if you look at the other number, number of days on the market, those properties had been listed for 9 months to over a year.

I’d rather have the $900 per month and my $10,800 per year, than $0.  Vacancy kills real estate investments.

Look online to get a ballpark range of what to list your property for.  Start on the high end and then lower it every few days until you are getting enough phone calls.  In this ‘owners’ market for rentals, there will be plenty of leads once you get the right price point.

For expert property management in North Tampa, Florida contact Relevé Real Estate and Property Management

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

USDA Mortgage Loan 150 150 Relevé Real Estate

USDA Mortgage Loan

USDA Mortgage Loan

usda mortgage loan

Where’s the beef?  How about a nice, juicy 100% loan with a check for $8000.  Mortgage bankers do a considerable amount of USDA loans, and the borrowers are getting in with no money down and cash back at closing.

The United States Department of Agriculture Rural Development division offers attractive loans in order to increase the development of rural areas.  In order to qualify, you must meet income guidelines and the property must be in a designated USDA rural area.  If you were not planning on buying a farm, you should look at the property eligibility page.  I was surprised to see that everything east of I-75 was considered rural, this includes Lakewood Ranch and other areas that are you wouldn’t think of as rural.

For investors, a good property manager in Tampa, Florida can save you thousands of dollars a year.

In order to get the $8000 check, you must be a first-time homebuyer.  To be considered a first timer you must not have had ownership interest in a property within the last 3 years.  The 8k is not free, it is a loan that must be repaid and will be deducted from your income tax refund.

Here are the advantages of a USDA Loan:

  • The government’s repayment guarantee (should the buyer default) allows lenders to be more generous with interest rate offerings and more lenient credit standards than they would be on a comparable conventional loan.
  • There is no pre-payment penalty for a USDA-backed loan.
  • The mortgage can also be used to purchase some manufactured homes.
  • The USDA loan can be used to refinance a home as well.

Here are the disadvantages of a USDA Guaranteed Loan program.

  • There is an upfront fee of 2.75 percent of the loan amount. Now, there is a bright side to this – it will be added to the loan so it’s not money you’ll need to pay out-of-pocket.
  • There is another fee, amounting to 0.50 percent, that is similar to the mortgage insurance premium for FHA loans or private mortgage insurance on conventional loans. This fee stays in force for the life of the loan and is paid annually.
  • Both the lender and the USDA subjects the loan to underwriting so expect closing to take a few weeks longer than other loans.

If you are considering buying a home, make sure you consider future depreciation and buy well below market value.  Also, explore all of your options including USDA loans, the property you want may be considered rural and you may get paid to buy it.

Tampa, Lutz, Land O Lakes, Odessa, Carrollwood and Citrus Park Property Management

Tampa Investment Property Returns 150 150 Relevé Real Estate

Tampa Investment Property Returns

Tampa Investment Property Returns

Tampa Investment Property Returns

During the peak of the housing boom in 2004-2006, many investors were diving into properties that they knew would not generate a positive cash flow.  Taking a monthly loss on a property was no big deal when they could sell the property three months later and make $30K. The few flippers’ who timed the market right, made a killing, and the rest got killed.

When you buy a property today, it is important to calculate your Tampa Investment Property Returns. You are not building equity only through appreciation, and the property values are going down faster than you can pay the mortgage principal balance. The tough lesson learned from the housing bust is that the cash flow analysis should be the determining factor in purchasing real estate.  The analysis tells you if the property will generate income for you (asset) or cost you money (liability).

If you want to be a real estate investor, you must focus on acquiring assets that generate a passive income.   If you are making money each month, then it does not really matter if the market goes up or down.

In Rich Dad, Poor Dad, Robert Kiyosaki tells the story of when he wanted to buy his first rental property. His ‘rich’ dad refused to invest with him because the property did not generate at least $100 per month of income.  Kiyosaki thought that the property was a good buy because he could eventually raise the rent, the property would appreciate, or other factors would work in his favor, but his ‘rich’ dad knew better.  He knew that things do not always work out the way you plan them and that you make your money when you buy a property, not when you sell.

As a beginning real estate investor, I told my real estate agent that I would not buy anything that did not generate at least $100 in monthly cash flow, but would buy anything that would.  We were able to find 3 properties where the numbers worked out, and I was soon generating a passive income.  When the properties doubled in value two years later, it was a good bonus, now that they have gone back to the value that I originally bought them for, they are still a good investment and continue to generate income.

It is essential that you do a cash flow analysis of any property you are going to buy.  Make sure you talk to a rental manager to determine what the rental rate is for the property and what they think it will be in the future. Factor in EVERY COST of owning the property: mortgage, taxes, insurance, mortgage insurance, flood insurance, homeowners association dues, maintenance, vacancy, for rent advertising, property management fees, and unexpected emergencies. If you are still generating, at least, $100 per month, then go for it.

Wounds in real estate are usually deep and take a long time to heal.  But if you learn from your mistakes, it can become the valuable experience that will make you a savvy investor.

5 Reasons to Hire a Property Manager 150 150 Relevé Real Estate

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.