Tampa Real Estate and Community News

June 15, 2020

Tampa Home Group at Keller Williams Realty Offers You the Latest Technology

During these critical times, HOME has never been more important to all of us.  We're excited to be now providing you with exciting & powerful technology created by Keller Williams to make buying and selling a home easier than ever. With interest rates at record lows, we can help you find and secure the perfect home, even from the convenience of your own couch! Subscribe to our You Tube channel for continued local updates and opportunities.

June 4, 2020

Helping a Senior Loved One Make a Move

Our senior loved ones are precious, and when life circumstances change, and it’s time to make a move… whether it’s to live with family, closer to family, or downsize to a smaller home, or assisted living, it can be an overwhelming, and often emotional, task. Fortunately, there is so much help to be had. Here at Tampa Home Group, we've been helping our valued clients make these moves easy for years.  Today I’m sharing an interview with Jenny Loktu of Tender Care Move Management. If you’d like to know more about the special services she provides, check out our video.

May 8, 2020

The Latest Good News in Tampa

HAPPY MOTHER'S DAY! We're sending a heartfelt THANK YOU to all the moms and honorary mothers...aunts, caregivers, nurses, teachers...all of you doing the important work of mothers...we love and appreciate you!
FLORIDA IS REOPENING As you know, this past week, the State of Florida has started to reopen its restaurants, beaches, parks and stores...gradually and with guidelines in place, and the sun is shining! The resourcefulness of our Tampa Bay citizens is impressive as we continue to move forward.
NEW SALES ARE TRENDING UP... the Tampa Bay real estate numbers may surprise you...we've had 1,711 new pending residential sales in the last 7 days here in our Hillsborough/Pasco/Pinellas county market, up substantially from some of the previous weeks, where we were seeing 900, 1000,1200 sales a week.
WE'RE COMMITTED TO THE SUCCESS OF OUR GREAT CLIENTS...Here at Tampa Home Group, we're bringing buyers and sellers together and closing transactions at a rate that is outpacing our market. We have taken the opportunity to upgrade every aspect of our service to provide you with safe and successful solutions to buying and selling homes. We've invested in the very latest technology including 3-D Matterport tours, video walkthroughs, and virtual meetings to make the process simpler than ever. We're advising our clients on the best ways to structure contracts to protect their interests.
WITH A WAVE OF BUYERS & SELLERS PREPARING TO HIT THE MARKET... NOW is the time to contact us if you'd like help designing a personalized gameplan to meet your goals. Despite the headlines, real estate is local, so we'll discuss what's happening in YOUR neighborhood.
WONDERING WHAT'S OPEN? Here are some links you can check out ... What's open in Tampa Bay City of Tampa website is a great reference www.tampagov.net

If you have any real estate questions or plans, please don't hesitate to get in touch with us at (813) 907-2555.

April 23, 2020

More Homes Than Ever Selling Virtually in Tampa Bay

We hope you and your loved ones are healthy and safe. Now more than ever, we're here for you. The Tampa Real Estate Market is still active, with more homes selling virtually than ever. This past week, demand is outpacing supply, and prices are holding steady. We are committed to providing you the service you deserve to get your home sold or help you to buy. We have personally pended & closed 30 home sales in the new COVID-19 environment since mid March, following all safety guidelines. Watch our latest video and Subscribe to our YouTube Channel to stay informed.

April 9, 2020

Market Update with Ken Ynes of NFM Lending

April 3, 2020

How To Buy A Home Even If You Can't Be There!

First, a huge thank you to everyone in our community working tirelessly — we are awed by your resourcefulness and dedication and it’s heartwarming to see so many local businesses and individuals reach out to provide needed help to neighbors, seniors, coworkers, friends, and even strangers.

As we all adapt to the “new normal”, so has the Tampa real estate market. Real estate has been deemed an essential business, and as such, is operating within the local and state guidelines. We all do need a place to live. Here’s a look at the past 7 days:

TAMPA BAY AREA STATS IN THE LAST 7 DAYS

Hillsborough, Pasco & Pinellas Counties:
- 1,284 new residential listings
- 1,172 properties went pending
- 1,709 properties closed
- 352 were put on hold

Our industry is adapting to virtual transactions, and so we thought potential sellers and buyers might like to see some of the ways we are making showings possible.

If you want to see how we're helping buyers even if they can't get here, check out these homes:

10517 Mistflower Matterport 3-D

32873 Estate Garden Video Tour

3503 Diamond Falls Video Walk Through

Schedule your private video tour

We're here for you. If you have any questions about your own situation, let's talk. While our market has changed, and continues to do so, there are opportunities and solutions at hand.

March 27, 2020

How Real Estate Closings Are Still Taking Place In Tampa

March 27, 2020

Thinking of You & Tampa Update

Dear Friends,

First, we hope this blog update finds you and your loved ones safe and healthy. This too shall pass.

Each day we are learning new information about how coronavirus is affecting all of us, and adapting how we work to accomplish your goals. Things are changing in real-time, but Tampa Home Group’s commitment to serve our clients now and in the future will remain solidly in place. With our long history in the community and John and Maria’s cumulative 50+ years of real estate experience, we’ve been through multiple market cycles and weathered many storms. Our dedicated staff is ready and able to meet your real estate needs both now and in the future

It’s tempting to hear the news each day and assume—since the world feels like it’s slowing down—that real estate is closed for the season. But while there can be no question that this is a concerning time for all of us, we’d like to share what we’re seeing now, and what will potentially be happening in our local real estate market in the near future.

TAMPA BAY AREA STATS IN THE LAST 7 DAYS

Hillsborough, Pasco, and Pinellas Counties:

- 1,292 new residential listings

- 1,229 properties went pending

- 1,403 properties closed

- 430 were put on hold

If you want the stats for your area in particular, call me at (813) 294-3859 or send an email!

Why are homes still selling even during this crisis?

Motivated home buyers and sellers are not driven by any one thing. People want and need to buy and sell for a multitude of reasons:

- They’ve outgrown their home and need something larger

- They’ve recently become empty nesters and would like to downsize

- They’ve recently relocated to the area, have a job transfer, or have relocation benefits they must use

- They are recently married or divorced

- They’re renters with a lease expiring

- They're investors that want the tax benefits of owning property

In short, everyone needs a place to live, and there are hundreds of people right now that simply must purchase.

More importantly, inventory levels remain very low and are likely to remain low for the next few weeks. For the moment, the number of new homes coming on the market is not enough to replace the homes selling or coming off. Many savvy buyers are seizing the moment and taking the opportunity to find their next home or investment.

We are, of course, taking necessary precautions to protect the health and safety of all parties involved. We are following all CDC guidelines, practicing social distancing, working remotely, and producing video tours and Zoom listing appointments for all buyer and sellers. We are also following the newly announced “Safer at Home” guidelines that start at 10 p.m. today in Hillsborough County.

We have quickly adapted our business to create ways to accomplish the goals of our buyers and sellers. Likewise, title companies, considered an essential financial service, are operating with the options of remote online closings and “drive-through closings” to close transactions.

Keep in mind for every home that sells, anywhere from10 to 20 local companies are employed. (title companies, home inspectors, appraisers, photographers, handymen, painters, surveyors, mortgage officers, underwriters, general contractors, pressure washers, landscapers, pool companies, and more). We are a locally owned company, and working hard to support businesses and employ people within our local community.

One thing we’ve learned this month is the true value of “home” and our relationships. Each of us will—by necessity—be spending far more time in our homes than ever before, so having one that you love is more important than ever. Please be safe and take this time to reconnect with your loved ones and review your personal goals and priorities.

We are more than happy to speak to you personally about your home, the current market, and your personal goals. Tampa Home Group is 100% staffed and will continue to be open for business as usual.

Well, not business "as usual.” But buyers are buying homes, we are actively listing properties, receiving offers on homes, and closing properties. When the dust settles, we expect a pent up demand, and we’re working to keep our clients ahead of this curve.

STOCK MARKET HISTORY

Some Perspective

When we look at the economy in general and the history of the stock market, we are reminded that no matter how bad it is in the moment, it always comes back:

- Black Monday (8/25/87 - 12/4/87): US stocks dropped 33.5% and recovered 21.4% within 12 months

- The Gulf War (7/16/90 - 10/11/90): US stocks dropped 19.9% and recovered 29.1% within 12 months

- Asian Financial Crisis (7/17/98 - 8/31/98): US stocks dropped 19.3% and recovered 37.9% within 12 months

- Tech Bubble (3/27/00 - 10/9/02): US stocks dropped 49% and recovered 33.7% within 12 months

- Global Financial Crisis (10/9/07 - 3/9/09): US stocks dropped 56.8% and recovered 68.6% within 12 months

- US Credit Downgrade (3/10/11 - 10/3/11): US stocks dropped 19% and recovered 32% within 12 months

- US Trade Wars (10/3/18 - 12/24/18): US stocks dropped 19.6% and recovered 37.1% within 12 months

In summary:

- Motivated buyers are still reaching out and making appointments for private showings where possible or video tours

- The market is continuing to move forward at this time, though we have all drastically changed our standard operating procedures

- We continue to offer many options including video walkthroughs and Matterport 3-D tours to give buyers what they need-

Just in case you need some good news:

10 Positive Updates on the COVID-19 Outbreaks From Around the World

Feel free to share this information with anyone who needs some good news as well!

Call us anytime. We are all working and our phones are on. Or you can schedule a call with me here.

Warm Regards and Stay Healthy!

John & Maria Hoffman & the Tampa Home Group team

March 27, 2020

Update: How We Are Making Video Walkthroughs For Our Listings

March 23, 2020

An Update From Maria Hoffman 3/23/20 - 2 | Tampa Home Group