Tampa Real Estate News – November 2014 Market Statistics

Above is a screenshot video of the Tampa real estate market statistics for November. This information is pulled directly from our MLS in Central Florida. I pull all single family homes in Hillsborough County.

If you have any question about real estate in Tampa Bay, Florida please visit my website and give me a call.

 

Short Sale Tax Break Passes House – Mortgage Debt Forgiveness Act Extension

Flipping Real EstateThis is great news for all the home owners who have done a short sale in 2014. The Mortgage Debt Forgiveness Act expired f last year. But the U.S. House of Reps just passed a bill the will extend it through 2014. Check out the full story below.

Short-Sale Tax Break Passes House, On To Senate
A bill that would extend a key tax break to tens of thousands of financially distressed homeowners who sold their homes this year for less than they owed passed the U.S. House on Wednesday and is headed to the Senate for consideration.

A one-year extension of the Mortgage Debt Forgiveness Act, which expired Dec. 31, 2013, was included in the Tax Increase Prevention Act of 2014 and passed the House on Wednesday on a 378-46 vote. Dozens of other temporary tax breaks that expired but would get a reprieve until the end of this year under the measure include those for home energy improvements and mortgage insurance premiums.

But for homeowners who gambled this year and sold their home through a short sale, unsure about the tax ramifications, this is the one foremost in their minds, as it is for the housing market in general.”

If you have any question on selling your home through a short sale please give me a call. I have been doing short sales since 1999 and have worked with hundreds of people helping them.

Short Sale Tax Implications – Short Sale Tax Consequences – 1099 Cancellation of Debt

Home Selling Tips – Pictures

I did this “Home Selling Tips” video to tell home owners how important pictures are when selling a home. Of course it all starts with hiring the right Realtor. So I also go over a couple basic tips for making sure you hire a very good agent.

If you have any questions about selling a home please give me a call.

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.

Our Tampa2Enjoy real estate website was voted the #1 real estate website in Tampa Bay, Florida.

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.