Tampa Real Estate and Community News

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
Dec. 7, 2020

Blanket Tampa Bay: Help Us Help the Needy

We’re donating blankets to Tampa Bay’s needy, and we want your help.

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Here’s a super simple way each of us can make a difference here in the Tampa Bay area: Help us donate blankets to the needy. This year, we’re helping an organization called Blanket Tampa Bay, and they’ve set a lofty goal to collect 3,000 blankets to distribute to the homeless on Christmas Eve. This will go a long way in making the holiday season a little brighter for those less fortunate, especially as our nights get chilly.

We have a blanket collection box right here in our office at 18302 Highwoods Preserve Pkwy #110, Tampa. We’re looking for clean, gently-used, or new twin-size blankets (no comforters please). We would truly appreciate your help; we’re collecting blankets until December 18. I know we’re all busy, so if you can’t get your blanket donation to our office, call, text, or private message me, and someone on our team will come to pick them up from your home.

“This will go a long way in making the holiday season
a little brighter for those less fortunate.”

Every single one of us can make a difference, so we would love your help. Check out Blanket Tampa Bay’s website; they also accept financial donations.

We wish every one of you a blessed holiday season. If you need anything or have questions, we’re always here for you. Call or email us anytime. We would love to be your real estate resource.

Nov. 19, 2020

Is It Too Late to Sell Your Home in 2020?

Here’s why sellers should take advantage of the last two months of 2020.

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November and December 2020 are especially good times to enter the Tampa real estate market, and there are three main reasons why:

1. The Tampa area is busier than ever during the holidays. Our city always welcomes a large swell of visitors at the end of the year, and though the reasons for their visits vary greatly, many of them are looking to make some headway on home shopping while they’re here. If, for example, you’re wanting to relocate to be closer to family in Tampa, what better time to shop than when you’re visiting them for Thanksgiving or Christmas?

2. People look for homes during their time off. Even some of Tampa’s hardest working residents have time off during the holidays, and they’re choosing to use some of that time to shop for a home.

3. Inventory is incredibly low. It’s common for inventory to drop off a bit around these last two months of the year, but right now, inventory is as low as it’s ever been. Plenty of people are still shopping right now, so the leverage remains with Tampa sellers.

“Many holiday visitors are looking to make some headway
on home shopping while they’re here.”

If you’re interested in selling but just aren’t sure if there’s still enough time to sell quickly and get top dollar, give us a call. We’d love to chat with you and explain why you still have time to maximize your home sale.

Lastly, as we approach Thanksgiving, we just wanted to let you know that we at The Tampa Home Group are truly grateful for you and your support; we will be working through the holidays, and we’d be honored to help with whatever real estate needs you may have.

Nov. 4, 2020

What Can the Knock Home Swap Program Do for You?

The Knock Home Swap program will help you buy first and sell later.

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Here at Tampa Home Group, we’re always looking for ways to make our clients’ lives easier and identify solutions to the issues they face. Today’s real estate market is very competitive for buyers, and many of them are finding that the homes they’re interested in are going under contract with multiple offers. Therefore, getting the home you want can be quite a challenge if you have to sell your current home first.

Enter the Knock Home Swap program. As Keller Williams New Tampa agents, we have exclusive access to this program, are some of the only agents in the entire state of Florida who can offer you this program. Knock is a lender who will let you write an offer for a home you want to buy without requiring you to sell your current house first. They’ll loan you the existing equity in your home (up to 10% of the price of the new home you’re buying) so you can cover the down payment for your new house. After you’ve closed on that home and moved in, you’re free to list your first property on the open market and get full market value for it. This isn’t an iBuyer situation where you’re required to sell the home below its market value.

Knock will even cover up to six months of your previous mortgage so you won’t have to make two mortgage payments. Additionally, they’ll loan you up to $25,000 worth of equity so you can prepare your original home for the market and ensure it sells for top dollar.

“Knock will let you write an offer for a home you want to buy without requiring you to sell your current home first.”

If you’d like to know more about this program or have other real estate needs my team and I can assist you with, don’t hesitate to call or email me. We’d love to help you.

Sept. 28, 2020

Why 2020’s 4th Quarter Looks Great for Tampa Home Sellers

In this short video, Tampa Home Group’s John Hoffman explains that in real estate, the fourth quarter is always a good time for Tampa Home Sellers since typically, inventory is low and buyers are serious. In 2020, the fourth quarter is an even more spectacular time for Tampa home sellers to sell their homes since inventory is already low (and expected to go even lower) while the number of buyers is predicted to stay the same.

#HousingMarket2020 #TampaRealEstate #HomeSellerTips

Posted in Market Updates
Sept. 21, 2020

Tampa Home Group TV: Maria Hoffman and John Hoffman Sep 21, 2020

Local real estate experts John & Maria Hoffman keep you up to date on relevant topics in Tampa Bay area real estate.

Posted in Market Updates