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Uncategorized Buyer-Broker Agreement Understanding the Buyer Broker Agreement: A Comprehensive Guide The Buyer Broker Agreement, a pivotal document in real estate transactions, delineates the rights and obligations of both the buyer and the real estate broker. This guide aims to demystify the agreement’s intricacies, ensuring that potential homebuyers are well-informed. Introduction to the Buyer Broker Agreement The Buyer […]
Uncategorized April 2024 Residential and Commercial Newsletter
Uncategorized NAR Settlement: Implications for Buyers and Sellers There have been recent developments regarding the National Association of Realtors (NAR) settlement and there are implications for buyers and sellers. Let’s try to clarify widespread misinformation surrounding the settlement, emphasizing its impact on real estate transactions. Traditionally, a listing agent negotiates a commission with the seller, which is then split with the buyer’s agent. […]
Uncategorized Navigating the Waters of Reverse Mortgages In the realm of real estate and homeowner financing, reverse mortgages stand out as both a unique opportunity and a complex venture. Since 2019, homeowners, particularly the older demographic, have seen a significant increase in their property’s equity, with Tampa area homes experiencing a surge of over 30% since 2020. This unprecedented growth has turned […]
Uncategorized Navigating the South Tampa Real Estate Market In the heart of South Tampa, real estate trends are always a hot topic, especially as we step into February, a time when market dynamics from the previous month give us a glimpse into what the future might hold. Active listings have seen a slight decrease, a trend attributed to the post-holiday season, where fewer […]
Uncategorized February Residential and Commercial Newsletter February Commercial Newsletter
Uncategorized The Truth About Real Estate Commissions: A Transparent Look Understanding Commissions in Everyday Transactions In our daily lives, we frequently encounter various types of fees and commissions. From credit card transaction fees in retail stores to brokerage commissions for stock trades, these costs are a common part of many financial transactions. Similarly, in real estate, commissions play a significant role, especially given the higher […]
Uncategorized Should I Buy a House Now or Wait? There are many factors impacting the housing market right now.  Inflation is still higher than the Fed wants, so interest rates continue to rise, which causes the 10-year treasury yield to increase which moves mortgage rates higher.  Coupled with these factors is the fact that inventory is very low.  We are still in a seller’s […]
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Uncategorized Buying a House in a High Mortgage Rate Environment: Strategies for Success in Real Estate Introduction Welcome to the world of home buying, where mortgage rates are soaring high, and anxiety is even higher. With increasing rates, it’s easy to feel overwhelmed, but don’t fret, we’ve got you covered! Read on to know how to breeze through the turbulent waters of real estate with ease. Current Real Estate Market Trends […]
Uncategorized Finding the True Value of Your Home Figuring out what your house is worth can be tricky business. But it doesn’t have to be stressful! Here’s the inside scoop on how to get an accurate value for your most valuable asset. First things first—value is subjective. Just like beauty is in the eye of the beholder, your home’s value depends on what […]
Uncategorized Tampa Real Estate Market August 2023   The two main factors in the real estate market continue to be low inventory and mortgage rates. Regarding the low inventory, refer to the chart to the right.   This chart displays the active inventory over the past 10 years for all of Hillsborough County.  You will easily see the drop during the time of […]
Uncategorized New Condo Rules you NEED to Know Condo Rules you NEED to Know   In June 2021, the Surfside Condominium collapsed, killing 98, injuring 11 and 35 people were rescued from the rubble.  This was a tragedy that could have been avoided. The State of Florida has instituted news rules for condominiums that impact both buyers and sellers. In simple terms, the […]
Uncategorized Down Payment Assistance Down Payment Assistance Programs (DPA) are designed to help buyers buy a house.  There are several types of DPAs and different criteria for each.  Here are some basics. There are over 2200 different DPAs in the country.  83% of those are funded and available for use. MYTH:  Down Payment Assistance is only for First Time […]
Uncategorized 11 Questions to Ask your REALTOR https://drive.google.com/file/d/1Kc8gKl4_N5VsbCCEvzxAQeRuUaIzYp_9/view?usp=share_link
Uncategorized 3 Cautions for Homebuyers As people are buying homes, there are three cautions that I will offer. Know the true tax situation. Taxes are based on the assessed value of the home.  The assessed value is based on the market value of the home.  The market value is determined by what someone pays for it.  If a family has […]
Uncategorized Buy Now or Wait? There are times in life when having a crystal ball would really make life easier.  Like when Powerball was over $1 billion.  So, without a crystal ball, we look at the signs of the times and make the best guess. The most important factor that will either inspire or depress the real estate market is […]
Uncategorized Prediction for the 2023 Real Estate Market
Uncategorized What will the real estate market be like in 2023? What will the real estate market be like in 2023?   The key to the 2023 real estate market will be mortgage rates.  Graphic 1 shows the rise of mortgage rates over 2022. Graphic 1:  Mortgage rates for 2022 The rise in mortgage rates has dramatically impacted buyers’ affordability.  For example, if a family could […]
Uncategorized Home Prices are Dropping. What Does it Mean? Home Prices are dropping.  What does it mean?   During the week of July 14-21, more that 800 sellers reduced the price they were asking for their home.  In the five zip codes of South Tampa, there were 63 sellers who reduced the price.  The media price drop was 3.28%.  Since the median home price […]
Uncategorized It’s Still Cheaper to Buy than Rent Home prices have increased by over 30% since last year.  Feeding this increase were the low mortgage rates, lack of inventory and strong buyer demand.  With mortgage rates now above 5%, some people think that buying a house is too expensive.  While the cost of borrowing money has increased, buying a home is still a […]
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