Selling Real Estate in Tampa Bay? Utilize One of Our Professional Realtors® for the Job!

You want more money into your pocket, right?!

Well, what if we told you that hiring a professional Realtor® to assist you in your next real estate transaction could actually save you both money and precious time?

A question we often here from those trying to sell their homes on their own is “Using a Realtor® will cost me money and I’m sure I can figure it out on my own.” Some do attempt to sell on their own, but eventually end up looking to the expertise of a real estate professional to list their home after realizing the headaches and inconvenience of doing it themselves. At the very least, having a real estate agent as a “buffer” between a buyer and seller helps separate the emotions and stress that occurs during negotiations. Using a Realtor® ensures qualified buyers are actually viewing your home as no one wants to just let the general public walk through their house! We also build relationships with other Realtors® which makes it easier to have conversations with them about their buyers when they want to see your home. We are able to ask their Realtor®:

  • Has your buyer been pre-qualified with a lender?
  • What is their time line to make a move?
  • Do they have a current home they need to sell prior to closing on a new home?

The last thing we want to do is waste your time, taking your home off the market only to find out a buyer can’t financially purchase your home. Our job is to get your home sold, and for top dollar! We market your home on 400+ websites, utilize Facebook and Instagram targeted ads, host open houses, hire professional photographers, in many cases we also incorporate 3D viewing technology and video! Our mobile connect platform gives buyers instant access to details of your home before they even step foot inside. These are just some of the tools we use to get your home sold , taking the stress of selling a home off of you!

After you figure the cost of doing everything on your own, including time, energy and education, it’s not difficult to see how hiring a professional in the industry can go a long way…and likely increase your proceeds at the end of the day! Our licensed professionals do more than just put a sign in your yard. Check out the video below on some of the items a Realtor® will do on your behalf:

Realtors come fully packaged and equipped to handle your real estate needs with ease and professionalism. They’re educated in their field and beyond having a professional license, they are members of both local and national boards that provide standards of professionalism in serving you and education on current events taking place in the industry.

It’s all about finding the right Realtor®. Our team of professional and educated Realtors® will immediately relieve the pressure from you by putting their education and expertise to work for you. Buying or selling? Call us today!

Hillsborough County Remains a Seller’s Market with Low Monthly Supply of Inventory in April

A key metric we like to monitor when looking at the health of the Tampa Bay real estate market is the Month’s Supply of Inventory (MSI). The generally accepted benchmark for a healthy market, one that favors neither the seller or the buyer, is 5.5 months supply of inventory. Anything higher than that would be considered a buyer’s market, anything lower – a seller’s market.

So how is MSI calculated?

You divide the current inventory in the market by the 12-month average of monthly closed sales. By dividing by the average of monthly closed sales, we eliminate seasonal effects such as the busy spring selling season or the slow winter season.

Looking at single family homes in Hillsborough County for the month of April 2017, we are currently at a 2.7 months supply of inventory. What this means is if no new single family homes were listed for sale in Hillsborough County, the current supply would be depleted in only 2.7 months!

 

Last 12 months monthly supply of inventory in Hillsborough County.
Last 12 months monthly supply of inventory in Hillsborough County.

Looking at the chart above you’ll notice that we have been at  or below 3 months supply of inventory for the past 12 months. In fact, check out the chart below and you’ll see we’ve been at or below 3 months supply since around September 2015!

 

MONTHLY SUPPLY OF INVENTORY SINCE 2013

So what does this mean for you if you are looking to buy or sell real estate anywhere in Hillsborough County?

With the steady low inventory over the past few years, seller’s are still in the driver’s seat. This means there are more buyers in the market bidding on the same limited supply of housing available. Simply put, this is still a great time to sell! We are seeing multiple offers on a daily basis on listings, especially those in highly desirable parts of Hillsborough County.

Now this isn’t all bad news for buyers. What it means is you need to be sure to align yourself with an experienced real estate professional skilled in negotiation, listening to your needs, identifying the right property for you, and moving quickly on it. It is also another reason why it is vital that buyers get pre-approved by a reputable lender so the pre-approval letter can be submitted with your offer. When it comes to multiple-offer situations, showing the seller you have the financial ability to close on their home goes a long way!

Have more questions about the market or looking to sell or buy in Tampa Bay? Reach out to one of our associates or email our office at connect@DiscoverYourPlace.com.

 

 

 

 

 

 

Leadership 101: How Can I Become a Better Leader?

We all know what makes an effective leader, right? A willingness to lead, hard work, a little empathy and sacrifice, and of course some knowledge of the industry are a few qualities that come to mind. So why can it often seem so difficult when asked to step into leadership and successfully direct the company or team in the right direction?

Danny McKnight shares a quick insight on being an effective leader in the real estate industry. His insight reminds us to focus on the basics – respect, integrity, and personal courage. Whether you’re a leader of a real estate team or want to take on a leadership role within your community, you’ll be inspired by his experience and words of wisdom!

“Take 5” & remember: always be closing, learning, and growing.

 

 

P.S. If you are looking for a brokerage that can help you hone your leadership skills as you look to grow both personally and professionally, we’d love to chat! Visit us at www.ThisIsMyNextHome.com or send us an email at connect@DiscoverYourPlace.com to learn more!

Buyer Beware

Tampa Buyers Beware! Wire Fraud Cases on the Rise [VIDEO]

If you are buying a home in Tampa Bay, please watch the video below ( put together by Florida Realtors® general counsel, Margy Grant) as wire fraud is on the rise. These sophisticated hackers watch your emails over time and strike right before you close on your new home. They also, in some instances, hack into the account of  your Realtor®, lender, attorney or closing agent and email you false wiring instructions. The whole time, you are under the impression it is a legitimate email. We must all be vigilant.

Please ALWAYS confirm wire instructions by a phone call to the title company or attorney handling the closing.

Our trade association has also created a Wire Fraud Prevention Notice that your NextHome Discovery sales associate will provide to  you early on in the home buying process to ensure you keep your sensitive data secure and are aware of this increasing problem when it comes time to wire funds at your closing. We want the purchase of your new home to be a pleasant, safe and happy experience – this is just one precaution we are taking to ensure all is secure as you purchase your #NextHome!

Below is an excerpt from the Wire Fraud Prevention Notice and a copy of the form can be found by clicking here: Wire Fraud Prevention Notice.

Never trust wiring instructions via email
Criminals/hackers are targeting email accounts of various parties involved in real estate transactions (e.g., lawyers, title
agents, mortgage brokers, real estate agents). These emails are convincing and sophisticated. Among other concerns,
this has led to fraudulent wiring instructions being used to divert funds to the criminal’s bank account. These emails may
look like legitimate emails from the proper party. If you receive an email regarding instructions that contains any
suspicious information, do not click on any links that may be in the email and do not reply.
Broker strongly recommends that Buyer, Seller, and their respective attorneys and others working on a transaction, refrain
from placing any sensitive personal and financial information in an email, directly or through an email attachment. When
there is a need to share Social Security numbers, bank accounts, credit card numbers, wiring instructions or similar
sensitive information, Broker strongly recommends using more secure means, such as providing the information in
person, over the phone, or through secure mail or package services, whenever possible. In addition, before Buyer or
Seller wires any funds to any party (including Buyer or Seller’s attorney, title agent, mortgage broker, or real
estate broker) personally call them to confirm the information is legitimate (i.e., confirm the ABA routing number
or SWIFT code and credit account number). Buyer and Seller should call them at a number that is independently
obtained (e.g., from this Contract, the recipient’s website, etc.) and not use the number in the email in order to be sure
that the contact is a legitimate party.

 

Below is the video featuring Florida Realtors® general counsel, Margy Grant:

 

Empowered in Tampa Bay

Why Tampa Bay is Great for Entrepreneurs

We are BIG fans of creating and retaining great talent right here in Tampa Bay. Our city has become a great hub with a strong support group for those looking to launch and grow their start-ups. We find many people who visit Tampa and end up falling in love with the weather, the people, the cost of living, abundance of activities and our wonderful schools and universities. This video demonstrates another great reason to live in our great city – a climate that nurtures and fosters the entrepreneurial spirit!