Tampa Real Estate and Community News

June 15, 2021

Appraised Value vs. Market Value

What's the difference between appraised and market value?

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In a previous video, we described why real estate agents tend to price homes a little under market value—they’re not giving the comparable sales the time adjustment needed. Due to federal regulations from Freddie Mac and Fannie Mae, appraisers can’t go back and add the same time value that we discussed Realtors adding. More importantly, the appraisers are going to give your home the appreciation and value from the date they did the appraisal.

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Posted in Selling Your Home
June 2, 2021

Why Homeowners Insurance Rates Are Up

Torie McCorkle joins us to discuss the latest on homeowners insurance.

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I’m delighted to be joined by special guest Torie McCorkle from Iron Rock Insurance to give you an inside look at some of the changes we’ve been seeing lately in the homeowners insurance market. A lot of people are seeing increases in their premiums and rates, so I wanted Torie to shed some light on what’s happening.

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Posted in Buying a Home
May 3, 2021

Tampa Bay Real Estate Update

Here are all the stats from our Tampa Bay first-quarter real estate market.

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Today I’m filling you in on the latest stats from our Tampa Bay real estate market. We’ve never seen numbers like this; it’s the hottest and most exciting market we’ve ever seen. The first quarter of 2021 has broken records.

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Posted in Market Updates
April 21, 2021

How We Can Help You Sell and Buy Simultaneously

These three options can help you both sell and buy in this market.

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This is likely the best real estate market any of us have ever seen in our lifetimes. Sellers are loving the prices, and buyers are loving the interest rates, so there are wonderful opportunities on both sides of the fence. So what’s the best way to take advantage of today’s hot market if you’d like to sell your home for a great price but also need to find a new house to buy? Today I wanted to share the options we provide our clients to help them buy and sell without having to move twice:

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Posted in Selling Your Home
March 24, 2021

3 Reasons Why Inventory Will Make a Comeback

I’m sharing three reasons why we can expect to see an uptick in supply soon.

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Where are all the homes going? Will we see more homes hit the market soon, or will this inventory shortage continue to strangle the market? Exhausted buyers and cautious sellers alike have been asking me these questions for a while, but I have some good news: Yes, more homes are the way. I’m not a fortune teller, but I don’t have to be.

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March 10, 2021

When a Home’s Appraisal Comes in Low

When a home’s appraisal comes in low, you have four options.

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If a home’s appraisal comes in below its contracted sale price, one of four things can happen:

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Feb. 23, 2021

3 Tips That Will Help You Buy the Home You Want

These three tips will help you close on the home you want.

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If you plan on buying a home this spring, here are three tips that will ensure your success:

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Posted in Buying a Home
Feb. 8, 2021

Why Is Tampa a Top Destination for New Floridians?

Today I’m sharing why Tampa is a top destination for folks relocating to Florida.

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With the nation’s attention turned toward Tampa this past Super Bowl week, I wanted to share with you some of the top reasons why people who do their research on Florida are choosing to relocate to this city in particular. Many of these reasons are the very same ones that prompted my husband and me to move here 25 years ago as newlyweds. It just goes to show that Tampa’s allure is long-lasting.

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Posted in Buying a Home
Jan. 26, 2021

3 Common Misconceptions About Selling in a Seller’s Market

Just because we’re in a seller’s market doesn’t mean your sale is automatic.

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When there’s a seller’s market like the one we’re experiencing right now in the Tampa Bay area, we usually find three main misconceptions circulating among sellers:

1. You can just list your property as is. Frankly, to get top dollar you can’t skip any steps. You are going to need to address all of the little imperfections in your home like the paint, the decluttering, the landscaping cleanup, and the other necessary things to get your home ready to sell for top dollar.

“In the end, it’s best to enlist the help of a top professional.”


2. You can sell your home yourself or with a discount broker and net more money
. We know from experience that there are many negotiations within the real estate contract that go beyond just price. There is so much value in the marketing expertise of a seasoned agent and being able to generate maximum exposure for your home. There is also a whole lot of liability involved in becoming a FSBO. In the end, it’s best to enlist the help of a top professional instead so you can sell quickly and for the most money possible.

3. You can set a price that’s far above the market. You need to very carefully study your competition to find out where your price needs to be. Overpricing can scare off serious buyers, encourage lowball offers, and end up leaving you with less in your pocket when all is said and done.

If you have any questions about selling in this market or anything else regarding real estate, feel free to reach out to us via phone or email. We look forward to hearing from you soon.

Posted in Selling Your Home
Jan. 8, 2021

3 Predictions for Our Real Estate Market

We have three real estate predictions for the first quarter of 2021.

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What’s in store for the Tampa Bay real estate market in the first quarter of 2021? Here are our predictions:

 

1. Interest rates will remain low. We ended 2020 with historically low interest rates, and we’ll see that continue, which means continued excellent buying power for buyers.

2. Inventory will remain low. At the end of 2020, inventory was as low as I’ve ever seen it in my 20+ years in Tampa Bay real estate, our inventory dipped to 4,773 homes on the market, down 45% from the end of 2019.  This is creating the perfect storm for sellers.  If you’ve been thinking of selling, your home may be worth more than you think.

3. The influx of buyers from out of state will continue. Many buyers continue to come to Florida from the Northeast, Midwest, and West Coast. This has even picked up in the last week few weeks.

 

If you have a question about your real estate plans, the timing of your potential move,  or what makes sense for your situation, we welcome your call or email. We’re always here for you.

Posted in Market Updates