Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from tips for buyers and sellers to local market statistics and community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Nov. 19, 2018

We Buy Houses – What You Need to Know Before Selling to an e-Buyer

 

 

 

If you could receive an offer on your home in 24 hours without ever listing it, would you? It seems like a no-brainer. No need to stage the home, or make yourself scarce for showings, and removing the middle man will mean more money in your pocket, right? 

 

Companies like Opendoor, Offerpad and Zillow are now offering this “quick and painless” solution for homeowners. These e-buyers will buy your home and then turn around and sell it. The benefit, as they advertise, is that the process of selling your home is much easier – enter your address, receive an offer and close quickly. Based on this representation it seems like an easy way to sell your house. And it is. 

 

But don’t be fooled – this process is nothing new. Real estate investors have been buying up homes and then selling them for as long as people have owned property. The phrase “We buy ugly houses” may ring a bell. This “newer” option is just a more sophisticated, digital representation of that old-school process. 

 

However, before you sign on the dotted line, it’s important that you understand the cost of the convenience these companies offer. Below are four things you should know before selling your home to an e-buyer. 

 

1.     These companies are looking to make a profit 

 

When companies like Opendoor or Offerpad buy your home, they are looking to make a profit. They’ll make minor improvements to the home and then turn around and list it for more than they paid. This is how their business makes money; they must operate on a margin. While there is nothing wrong with this, it’s important to understand that profit could have been yours. Working with a realtor will ensure that your home is positioned to sell and that you make the most out of your family’s biggest investment. 

 

2.     There are still fees involved

 

One argument for working with an e-buyer is that they don’t have the same fees as a realtor. Many people believe that they will make more money off the sale of their home because they don’t have to pay a realtor’s fees. However, these companies have fees of their own, with some being as high as 8-9%. This is not less than the total cost of a typical real estate transaction. In addition, the initial offer is subject to change once a representative of that entity is able to see the inside of your home. In the long run, working with an e-buyer is not saving you any money.

 

3.     E-buyers don’t follow the same rules as realtors

 

Realtors must follow a code of ethics to preserve property values in any given neighborhood. As such, we cannot set the property value too low to make a sale. E-buyers don’t follow the same rules. And while this might not affect you, it will affect your neighbors when they go to sell their home. In addition, e-buyers often allow buyers to tour the home at their leisure. They can come and go as they please with no supervision. This can result in loitering or trespassing, which also poses a threat to your neighbors. 

 

4.     Local investors can offer you a similar sale

 

In the right situation, selling your home quickly to an investor may be the best decision for your family. Talk to a realtor about selling your home to a local investor. Local investors can offer you the same quick and easy process. They are also members of the community who have a vested interested in seeing the Tampa Bay area thrive. A realtor can also work to reduce the fees with these buyers to be significantly less than with an e-buyer. 

 

At the end of the day, the general real estate market is the best way to ensure a seller secures market value for their home. But perhaps the money is required by a certain date or the condition of the home makes selling to an owner occupant difficult. Our team works with a number of local investors who are ready and willing to buy your home. Contact us today to schedule your free consultation. 

 

Posted in Sellers
Oct. 11, 2018

Closing on a Home: What Sellers Can Expect the week of closing

 

So, your home is under contract, and you are excited about realizing some well-earned equity. Perhaps you’ve found the perfect home to accommodate your current and future needs. Don’t start celebrating just yet… The sale of your home is not official until both parties have signed on the dotted line and money has exchanged proverbial hands. As the seller, there are certain expectations that you must meet in order to successfully close on your sale.  

 

Below is a rundown of what you can expect when closing on your home in Tampa.  

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Posted in Sellers
Sept. 20, 2018

Closing on a Home: What Buyers Can Expect

 

Closing on a home can be a stressful event, particularly for buyers who are unfamiliar with the closing process. However, with proper preparation and planning, and the help of a trusted real estate expert, closing on your new home can be the day of pride and excitement that is should be. 

 

Below is a rundown of what you can expect when closing on your new home in Tampa.  

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Posted in Buyers
Aug. 13, 2018

The Benefit of Working with a Realtor when Purchasing New Construction

 

Interested in building a new home? There’s no shortage of new neighborhoods popping up in the Tampa Bay area. From south Hillsborough – including Riverview, Apollo Beach, Ruskin, Lithia, Brandon, Valrico and Plant City – to Pasco County and everywhere in between. New construction in the greater Tampa Bay area provides seemingly endless options that won’t pop up on real estate search sites. 

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Posted in Buyers
July 31, 2018

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates
July 2, 2018

5 Things You Should Know Before Selling Your Home

 

Considering a move? Selling your home can be scary and overwhelming process, but it doesn’t have to be. With proper preparation and planning – and the help of a licensed real estate professional – you can maximize the equity of your home and earn top dollar. 

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Posted in Sellers