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14
Buying a Home with a Real Estate Wish List
The real estate “wish list” is something familiar to every real estate buyer and their realtor. Often, it holds within it a dream of homeownership, a vision of a lifestyle, and promise of happiness. In short, the “wish list” is both rational and emotional. The National Association of Realtor’s did a survey that showed that most home buyers let go of something on their wish list, only a third kept everything on the list in their purchase. So, how to navigate the home buyers wish list in reality?
A good way to start is get the pre-approval for your mortgage so you know what kind of home is in your price range. Then, it’s time to filter you search. Do you need the property to have a pool or could you do without this feature and still enjoy using the outdoor space in the house? Are granite countertops absolutely necessary to be happy with the property? Will proximity to the beach be a make or break or a negotiable? It is important to give thoughts to the parameters o...
12
How to Buy Successfully in a 2017 Seller’s Market with Low Inventory
The internet news have been in a frenzy over the challenges home buyers will face in the real estate market this year with record low housing inventory. According to the National Association of Realtors, the number of “for sale” listings fell to the lowest point in December 2016 since 1999. While an average balanced market has 6 months of inventory, sales at this fast pace could be gone in about 3 months. For the first time home buyers including millennials, the news is even worse with entry-level homes becoming more and scarce on the market. The first time home buyer currently makes up less than a third of the market, when historically they have been at 40%.
This poses a problem for the home buyer who is facing tough competition in a hot market, and certain conditions will make a difference. The most favored buyers act fast and pose smaller risk to the seller. The buyers who are pre-approved for a mortgage, have more cash for a down payment, and no contingencies are at...
1
5 Tips on How to Get Your House Ready to Sell in the Spring
One thing that is certain about the seasonal real estate market is that it peaks in the spring. As the grey winter gives way to a lively spring, house hunting season goes into full swing. Call it spring fever, the months of March, April, and May add up to 40% of all house sales for the year according to Freddie Mac. What does this mean for a home seller in the spring? A time to capitalize on the popular sale time and prepare the house to go on the market. Here are 5 tips to make your home move in ready:
- Clean the clutter- When a potential buyer sees the house for sale, they need to be able to envision themselves living there. A house on the market has to become less personalized to you and more generic to suit the buyer. Especially before an open house, a seller should walk through each room in the house and think about what could be cleaned up, rearranged, or put away in terms of staging. Ideally, the house should be a blank slate so it can be showcased without distr...
28
Tampa Real Estate Is Hot: The Time to List is now!
The website Trulia announced the “10 Markets to Watch in 2017” and Tampa Bay- St. Petersburg area nabbed the 5th spot on the list. Overall, Florida grabbed an impressive 3 spots on the list. There is major job growth on the horizon with the Vinick-Cascade project in downtown Tampa. The University of South Florida and University of Tampa also provide education employment possibilities for new transplants. Take into consideration the gorgeous year round weather, outdoor activities, up and coming neighborhoods like Seminole Heights, and it is a tropical real estate dream.
Considering the Tampa Bay-St. Petersburg market is getting more attention, real estate experts are advising sellers to eschew conventional wisdom and list early. As the saying goes “The early bird gets the worm” and in this case, a better real estate deal. The real estate market is a sensitive and seasonal to multiple factors. Usually, sellers time the market to get the best price. The sum...
2
Keep Your Home Safe During the Selling Process
When selling a home, either through a Realtor or by yourself, you should plan for visitors coming into your home. That plan should be reviewed with all members of the family. Everyone needs to be aware that you are inviting strangers into your home who may or may not be authentic buyers.
Prior to putting your home on the market it is assumed you will clean the home, and
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