Crystal Lagoons Are Coming to Wesley Chapel, Florida – Update

Crystal Lagoon image provided by New Tampa Neighborhood NewsLiving in Tampa just keeps getting better. Below is a link to an article from the New Tampa Neighborhood News that gives updates on this massive development in Wesley Chapel – Pasco County.

The lagoons are 20x the size of an Olympic sized pool and will feature over 1,500 homes in four separate communities. The Master-Planned community is going to be located north of the Bridgewater subdivision off Curley Road.

First-Ever ‘Crystal Lagoons’ In U.S. Coming To Wesley Chapel
“(This community) is a real game-changer,” Singleton says. “This is the first (Crystal Lagoon) being built in the entire country.

More than 300 Crystal Lagoons —massive, self-sustaining, crystal-clear swimming pools — already have been built or are in development in 60 countries around the globe, and now the technology company that created them (Miami-based Crystal Lagoons US, Corp.) has made an agreement with the ERS developer — Tampa-based Metro Development Group — to install several in Epperson Ranch.”

If you have any questions on the location of these lagoons or Wesley Chapel real estate please don’t hesitate to give me a call or shoot me an email. I look forward to helping you.

View all the homes for sale in Wesley Chapel – Click here

Super Sized Pools Are Coming to Wesley Chapel

A promotional video that looks like a little piece of paradise, take a look at that, it could all be yours as these super sized pool communities are coming to the bay area. Our Christie Post talked to the developers today.

Well you know the pictures just make you want to move there, it looks so gorgeous. Well 300 of this crystal lagoons are in 60 different countries and now it’s coming to the U.S. now get this, the first ones are going to be in Hillsborough and Pasco County, check it out.

Egypt, Thailand, Jordan, Peru and now Tampa Bay, these massive, well enormous swimming pools are coming to a housing community near you.

“It’s visually stunning; it’s one of those things where just looking at it is spectacular”.

Crystal Lagoons based out of Miami started in Chile Central Coast as a way to swim and enjoy water sports safely away from the frigid and dangerous conditions of the local shore line. Metro Development Group will now use the technology here to connect to neighbors not wanting to make the haul to the beach.  Greg Singleton says that three 8 acre lagoons are planned, that’s about 8 football fields of water. One will be in south Hillsborough County; two others in eastern Pasco County, each community will have about 2000 lots.

So it’s just like the experience you have when you go to Clearwater Beach but it’s right there and it’s in your own private community.

The CEO of crystal lagoon tells us over Skype it costs about $250,000 per acre to build and to run it $2,500 a month per acre. He says that’s still cheaper than a traditional swimming pool.

“You can operate it for energy savings of less than 2% what you would run a traditional swimming pool with”.

In cleaning it’s self sufficient.

“Really predicated on two main systems, the first one is called a pulse space disinfection system and the second we use an ultrasound filtration”.

So when can you take a dip? That will be next year or so. As for pricing, Singleton says the houses surrounding the lagoons are affordable.

“I think the price points for homes will probably be in the mid $200,000 range”.

Another community is planned in Fort Myers. So if you’re down south you can go there. As well as you’re probably wondering when you can buy this, but all of those details will be released pretty soon but they’re breaking ground in a few months, so they’re still kind of getting it going and you asked about the HOA fees?

I did, like is that how you pay for it?

Yes, that’s basically how they run it, how they build it, all of that but they don’t know exactly how much that’s going to be but if the houses are in the mid $200,000 range – it would be worth it.

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Tampa Real Estate News – August 2014 Statistics

 

Below is the transcript:

Hi everybody, this is Lance Mohr and I’m going to go over the Tampa real estate news and talk about the August real estate statistics. If you’re a buyer or seller and you’re needing help, if you have any questions whatsoever, don’t hesitate to give me a call, I’ve been in business since 1997 and have tons of experience. I’ve worked with thousands of home buyers and home sellers and I’ve seen about everything there is to see in real estate ten times over – so don’t hesitate to give me a call if you’re looking for someone to represent you as a buyer’s agent or seller.

So let’s get into the August statistics. I’ll start off as I always do and talk about the active listings first. As you can see, there’s really not much of a change. It did go up a little bit as there are a few more active listings. We went from 5,225 to 5,288 – not a really big increase. But the surprise is pendings, the pending sales went from 3,304 to 2,835. That’s almost 15% drop in one month. That’s a really big drop. So let’s go back to over to solds. Again, not a whole bunch has changed, we’ve gone from the July statistics of 1,390 homes that sold, compared to 1,414 in August. But what you’re seeing here, if you look at these statistics closely, is the pending and that’s a big drop. Generally speaking, June will be a little slow only because schools are getting out and August generally will be a little slower just because school is getting back in but May, June, July, August – those are generally very strong months in real estate and to drop almost 15% in one month is a lot. In the next month or two the solds are going to start dipping and they’re going to go from the 1,400’s into the 1,300’s and possibly into the 1,200’s. That’s because of how slow things are now. So what this is telling you is that the buyers are pulling back the a little bit and not really looking as much as they were.

If we go down to the bank owned and solds, you can see that 21% of all homes that sold were bank owned. That tells you sellers that buyers want a good deal. Now I’m not saying bank owned properties are a good deal or a great deal, I still think about 50% – 60% of all the banks have their homes overpriced. But it’s a perception of a deal. If we go over the statistics for August in the price range, you can see we’re still in the seller’s market across the board. If the seller puts their home for sale and they price it competitively, condition it so that it really looks good and market it so that it’s out there, it’s going to sell. It’s going to sell, whether it’s under $100,000, whether it’s under $250,000 or $300,000 – it’s going to sell. But once you start going over $300,000 (maybe even $250,000) it’s going to start getting a little harder to sell because there’s not as many buyers out there – not as many fish in the sea. But as you can see from these statistics, the Tampa real estate market is still strong. We’re still in a very good market and we’re still in the seller’s market; but we’ll what happens. I’m very curious to see what happens in September. Are the pending sales going to trend down and at what rate? As you can see the active homes are continually creeping up.

I hope this helps. Visit our real estate blog at www.tampa2enjoy.com/blog and you can see the Tampa real estate news, monthly statistics and a bunch of other terrific information. Have a great day and don’t hesitate to give me a call or send me an email if you have any questions.

The Real Estate Must-Haves No Buyer Should Overlook

Image of Real Estate for Sale in Tampa, FLIn the world of buying real estate, it is important to know what you are doing so that you don’t get taken for a ride. That is where a lot of research on real estate buying protocol comes in handy. Follow these tips to help you get a good deal when purchasing real estate and to avoid scams.

Determine if your desired property is in an economically viable area. Find out if property values in the area are rising or declining. Check with your city’s economic office about the recent history of income from the area. This can be a determining factor in whether or not the property will appreciate or not.

Take the time to investigate the inspector for your potential property. You should make sure that they are certified, work for a reputable company and if possible are with an inspector association that is non-profit. If not, their credentials may be supplied by a non-reputable organization that supplies them for nothing more than a fee.

If you’ve dreamed of having a vacation home, now is the time to buy. Home prices have gone down in popular vacation destinations like Florida, Las Vegas, and California, and so have interest rates. It sounds risky, sure, but as they say, you have to spend money to make money; and you can easily rent out your second house while you’re not using it. It’s definitely a good time to buy.

By searching for the best prices one can assure that they will be making the most of their money. Homes that have been foreclosed on can be found for attractive prices although more money may be needed to be invested in the home. Other homes can be bought for more but may require less money invested.

Potential buyers should be sure to get everything in writing. This is especially important when working with a builder, as options and upgrades which are verbally promised may not end up being honored. Make sure you have a knowledgeable Realtor that knows about new construction and a the local builders. This can help you to avoid frustration and confusion during and after your home closes.

One important tip when it comes to real estate is to make sure that you do your homework on what agent to choose. This is important because this may be the largest investment of your life and you need to make sure you are in good hands. Be sure to do background checks, read reviews, and try to find out their track record.

When you are moving, pack a suitcase full of things that you may need for a few days. Include things like clothing and toiletries. Keep this suitcase separate from everything else so that you can have easy access to things that you would need until you can get totally unpacked at your new home.

As you can see from the previous list of tips, buying real estate can be quite an undertaking even if you have done it before. It takes some work, research, and common sense to avoid making a poor purchase, but it is all worth it in the end to make a smart property purchase.

Please give me a call so I can help you with your real estate needs.

Overview of Fishhawk Ranch in Lithia, FL

 

Below is the transcript for Fishhawk Ranch overview:

Hi everybody, my name is Lance Mohr and I’m a real estate agent in Tampa, Florida and I’m doing these overview videos on the cities around Tampa because when you are buying a home there is nothing more important than deciding where to live.  When I work with home buyers I don’t like telling people where they should live.  What I like to do is ask a lot of questions to get an idea on what type of area you like.

Today I’m going to do an overview of Fishhawk Ranch in Lithia. Fishhawk Ranch is in the south part of Hillsborough County.  It is off of Interstate 75 and about 8 miles to the east.  The downfall is that it’s out there quite a ways – but there are a lot of pros about Fishhawk Ranch.  First off, when it was built it was touted (even today) as the best place for families and it really is one of the most family friendly communities in Tampa Bay..  It has phenomenal schools; the elementary, the middle school and high school are all “A” rated.  For people who work at MacDill Air Force Base, there is a bus that takes you to the base; which is a huge advantage to a lot of people so they don’t have to drive.

Fishhawk Ranch splash poolAs far as families and kids go, the homes are all over the board.  You can find starter homes all the way up to very high-end luxury properties by custom builders. The amenities for children are really off the chart.  They are almost like being in a resort in Orlando.  There is an aqua water park.  There are multiple pools and tons of things to do like walking trails and biking trails. Every Friday and Saturday night at the pavilion (main area) they have different activities going on.  There might be an art day.  There might be a music festival.  There are just tons of things for kids to do.  There are tons of things for families to do and it is really, really nice.

One of the problems is that Lithia is sort of isolated and there’s really nothing else in Lithia but Fishhawk Ranch.  You are quite a ways if you want to go to a movie or if you want to go to a restaurant.  There are grocery stores, there are drug stores, there are restaurants in Lithia but there are not a lot of them.  Most people who live in Fishhawk Ranch are going to drive to Brandon for shopping, restaurants, movies, etc.

View all Fishhawk Ranch homes for sale

If you have kids and you are looking for a really kid-friendly area I would definitely check out Fishhawk Ranch.  It is a very nice place.  It is very clean and people with kids love it.  Depending on where you work Fishhawk Ranch may or may not be right for you.

If you have any questions about Fishhawk Ranch or the areas don’t hesitate to give me a call.  I do these videos again because I want to make sure you pick the right area.  The last thing in the world you want to do is pick a place to live and then after you buy the home you find out wow I’m in the wrong place.  Then what do you do?Fishhawk Ranch boardwalk

There’s tons of great information on my website.  You can get information on school reports, crime reports, the lifestyle searches…  If you want to know where different health clubs are, hospitals, restaurants, or schools you can look in the lifestyles search and it will tell you where everything are.  It is really, really great.  I also have a lot of educational videos in the tab under “videos”.  If you are not familiar with Florida property taxes and you want to know how they work or maybe you are not familiar with what CDD fees are or newer homes – you definitely need to be familiar with them.  If you need to know more about how short sales or bank-owned properties there’s tons of great information.

Don’t hesitate to give me a call if you have any questions.   I would love to help you out and answer any questions you might have.  Just go to the contact page of my website and either fill out a form and I will reply back or just give me a call.  Have a wonderful day and I wish you the best of luck.

Overview of South Tampa Homes For Sale

Hi everyone, I’m going to do an overview of South Tampa / South Tampa homes for sale. I do these videos to give potential home buyers a better understanding of the different area in and around Tampa, FL. I don’t believe Realtor should steer home buyer into an area just because they like it and live there. I like to tell customers about the different areas and let them make the decision for themselves. Of course, I will give my input based on our conversation. If you are looking to buy or view any South Tampa homes for sale please go to my South Tampa web page and get the most accurate information.

Below is the transcription of South Tampa Overview:

Hi everybody my name is Lance Mohr and I’m a real estate agent in Tampa, Florida and I’m going to do this overview to go over South Tampa and South Tampa homes for sale. I do these overviews to help people.

Most people who are going to be in South Tampa really know up front where they want to be. South Tampa, like any big city, this is the nucleus. This is where everything is. You just have a certain energy level in South Tampa that you don’t have further north or in the suburbs and people generally know that. Now most people, when they say South Tampa, they are really looking at everything from Kennedy which is just below Interstate 275. South of Kennedy you have everything such as restaurants, night clubs, car dealerships, convention center, waterfront homes and you are sitting right on the bay. Now one thing about the bay, it is not a place where you are going to go swimming. It’s brown murky water, but it can be beautiful. A lot of people who like really breathtaking sunsets are probably going to be more on the west side of the South Tampa. The east side is more Bayshore Blvd. and big huge high-rise condominiums overlooking the water. There are homes of every kind. There are little itty-bitty condos of 800 or 900 square feet, single family homes, all the way up to this huge McMansions sitting on the water, to penthouse condos. Like any major city, it is going to be expensive. You are paying for the area; location, location, location. That is why in areas like this they build up and they don’t build out. It is not too unusual for someone in an area to go and pay $200,000 for a home, rip the home down, and build a really big home there. You can pay $400,000 for just a lot in South Tampa or even more. You have some of them that are on Davis Island that are even more expensive than that.

If you are looking and you really liking that energy level and you really like to be in the action where everything is; South Tampa is a great place. It has condominiums, it has townhomes, it has a bunch of single-family homes. You can buy $150,000 home in South Tampa and two blocks away there are multi-million dollar homes. You can be in a multi-million dollar home and of course two blocks away there is a $200,000 home. So it just depends and there is always turnover in South Tampa. There are new homes, but predominantly you will find pre-owned homes. South Tampa pretty much started in the 1910s – 1920s, with all the cigarette factories from Cuba. South Tampa has a lot of vibe and a lot of things in the area and a lot of stuff to do. It is the nucleus of the city.

If you have any questions about the South Tampa homes for sale, the areas, anything around South Tampa don’t hesitate to give me a call. If you want to get information on school reports, crime reports it is all on my website Tampa2enjoy.com. Have a look at the lifestyle search and enter a zip code or an address and find out where the health clubs are, where the schools are, where the hospitals are. By the way on Davis Island which is in South Tampa, you have Tampa General which is known as one of the best hospitals in the country. I have a lot of great information on my website. Check it out; videos and how property taxes work, how short sales work, how bank-owned properties work, again if you have any questions on South Tampa, the condos, the homes for sale or any area in Tampa Bay don’t hesitate to give me a call or shoot me an email. I hope this helps you and I hope you have a great day. Thank you. I wish you the best of luck finding a South Tampa home for sale and I hope to hear from you.

Risk-based Standards For Private Mortgage Insurers Could Restrict Leading

A new federal regulation proposal could change the standards for private mortgage insurers resulting in a stricter lending process.  The Federal Housing Finance Agency (FHFA) is proposing a risk-based evaluation for Fannie Mae and Freddy Mac insurer portfolios.  The new analysis will ensure that each approved insurer has enough capital for claims under significant market stress.

Most of us remember when the housing market crashed almost 10 years ago. Housing costs dropped, new construction stopped, and private insurers’ financial strength ratings quickly vanished.  Companies were placed in receivership by federal regulators while mortgage underwriting standards were tightened and FHA, VA, and other guarantee programs drained the majority of their market shares. Prevention similar events has become a major concern for the FHFA.

In turn, they have proposed that private mortgage insurers guaranteed by Fannie Mae and Freddy Mac be subject to a risk-based capital evaluation. An analysis would be required in situations where the homebuyer is making a down payment of less than 20%, debt-to-income ratios are greater than 43%, and mortgages that do not meet specific requirements. Given FHFA adaptation of these new standards, the capacity to underwrite new mortgages by private insurers may be limited but Director Melvin Watts insists there is “sufficient industry capacity to meet the needs of high-LTV borrowers.”

The FHFA’s plan, as a Fannie Mae and Freddie Mac regulator, is to shift the risk of market share loss back to private companies while protecting taxpayers from another bailout. The majority of FHA and VA guaranteed programs have cushioned their reserves by hiking up premiums and are now transitioning back to private companies while stymieing their underwriting capabilities through new risk-based evaluations.

Such a bold move on behalf of the federal government has received mixed reactions. Some companies are supportive of the proposal citing that compliance with the new regulation would not be an issue while others balk claiming restricted access to credit and decreased underwriting capabilities.

Inman News reported that most insurers who issued statements in response to the proposal agree with David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA) who stated “the proposed eligibility requirements are comprehensive and we will be conducting a detailed review of the standards to ensure they properly balance the need for strong capital, while preserving the ability of the industry to cost-effectively serve first-time buyers and working families.”

Before you start freaking out, please remember that this is simply and proposal and the FHFA is accepting comments on the draft proposal through September 8th. Overall, do you think this is a step in the right direction or a step backwards, comment below.

Overview Carrollwood Homes For Sale

Hi everybody this is Lance Mohr again real estate agent in Tampa and today I’m going to give you an overview on Carrollwood and again I do these videos because it is just vitally important when you are moving into an area or if you live in the area and move around that you pick the right area, the right subdivision, that is the most important thing you can do.  The last thing in the world you want to do is find a home, buy it, and find out you don’t like the area you live in; there’s nothing worse.  So as you can see it makes a lot of sense and I want to give you an overview.  I never like steering people into one area or saying you need to live here or you need to live there.  When I talk to people over the telephone, when I work with buyers and they come into my office I like to ask a lot of questions.  I don’t want people just to live where I live, I want them to live where it is going to be best for them which is why I do these overview videos.

So anyhow let’s talk a little bit about Carrollwood.  Carrollwood is a really nice more matured area.  It is located off of Dale Mabry in North Tampa.  A lot of times when people come to me the questions that they have and what they are looking for could be vast.  Maybe they want a newer community.  Maybe they want an older community.  Most of Carrollwood was built in the 70s and 80s and it was a luxury community when it was built.  You can tell that because you have a lot of homes that were built in the 70s and 80s that were 2500 to 3000 square feet and I notice to some of you that might not seem really big right now in today’s market but back then that was huge because most of the homes were around 1500 to 1600, 1700 or maybe 2000 square feet; so there are some really, really nice homes in Carrollwood.  It is really in the nucleus of Tampa.  Being on Dale Mabry you have tons of restaurants, comedy clubs, bars, auto mobile dealerships; pretty much anything you can want.  It is really close to the Tampa airport and pretty much anything movie theaters wherever you want to be.  If you are looking for an upscale more matured community and area I would definitely recommend Carrollwood as a really good way to go.  Again, it is very nice and convenient to everything.  So I hope this helps you.  If you have any questions on Carrollwood or the surrounding areas don’t hesitate to give me a call.  I will give you my viewpoint on things and again the more information you can give me, the more I can help you out.  If you are relocating here and want to know more information, I have some great information and resources on my website on school reports, crime reports, lifestyle searches you can do, and those are great.  You can put in an address or zip code and it will tell you the different schools, the different restaurants, the different health clubs, comedy clubs; you name it is going to show you.  There are some great educational videos if you have any questions and you are not familiar with what are property taxes or homesteader laws or how short-sales or bank-owned properties work; don’t hesitate to fill out the contact form on my website and either send me an email or just give me a call.  I look forward to talking to you and I wish you the best of luck in your home buying.  Goodbye.