Feb. 21, 2018

Renting Vs. Buying: The Age-Old Debate

Making the decision to buy or rent a home may seem complicated, but one option is clearly better than the other.

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Today I want to quickly touch on the topic of renting versus buying. As you know, our housing market has been seeing a steady increase in pricing. However, did you know that rent is increasing at an even faster rate? 

Rent is never going to go down in a given year, but you can lock in a mortgage payment at a specific rate by buying a home. 

"If you think you can’t afford a home, you’re probably wrong."

If you think that you can’t afford to buy a home because you don’t have enough for a down payment, you might be surprised at the programs that are out there for homebuyers. Some allow you to buy a home with as little as 3% or 1% down. 

If you think you can’t afford to buy a home, you’re probably wrong. However, there’s only one way to find out. If you have any questions for me or want to get in touch with a lender who can tell you exactly what you can afford, give me a call or send me an email today. I look forward to hearing from you soon.

Posted in Buyers
Feb. 8, 2018

A Look at Our Current Market Conditions

Don’t hesitate to enter the market if you have real estate plans for 2018. The time to make your move is now.

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What’s going on in the real estate market? Well, like our Florida weather, our current market is very sunny. 

Prices are steadily rising, as are the number of homes going under contract. So far in the year, everything is going great. 

If you’re sitting on the fence, waiting to make your move on the market, you aren’t doing yourself any favors. Whether you’re buying or selling, the time to take advantage of the market is now. 

"Like our Florida weather, our current market is very sunny."

 

If you wait too long, you’ll miss out on the opportunities we’re seeing today. Prices may begin to drop, which will lead to appraisal issues. 

So, if you have real estate plans for 2018, let’s get started now. My team and I would love to help you out.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

 

Posted in Market Update
Jan. 12, 2018

Are You Interested in Investing in Real Estate?

Did you know that you can invest in a condo in a building that’s run like a hotel? I’ll explain how this unique investment property works today.

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Most people don’t know about this type of investment property, but it can be a great way to start investing in real estate. 

Basically, you buy a condo in a building that is run like a hotel. You can use the condo whenever you want. When you don’t want to use the condo, the staff and management at the hotel advertise it and rent it out for you. 

That way, when you’re not there, the condo is making you money. When you do want to use the condo, it’s available for you to use. 

This is a great option for a vacation home or weekend getaway. Maybe you live a little bit inland near Orlando and you want a place by the beach. There are a number of options on the beaches here, and a couple of golf courses have these properties as well. 

Whether you’re up north, nearby, or a new investor who wants to try something that’s not a lot of work, this could be the right avenue for you. 

If you are interested in this kind of property or you have any questions, just give me a call or send me an email. I would be happy to help you!

 

Posted in Investing
Dec. 1, 2017

Should You Consider Listing This Holiday Season?

Are you thinking about selling your home this holiday season? Here are a few reasons to consider it.

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Want to buy a home? Search all homes for sale

Today, I’m answering a question that I received recently: Are the holidays a good time to list?

The quick and short answer is yes and no. Obviously it will be a bit more of a hassle because of the busy schedule, but it’s a hassle for buyers too. You know that if you have a buyer coming through your home during the holiday season, they are serious and ready to write an offer.

At the same time, a lot of people choose not to list their homes during this time because it messes up their holiday schedule. With less competition and more serious buyers, it’s a great reason to list this time of year.

If you have any questions about buying, selling, or real estate in general, give us a call or send us an email. We look forward to hearing from you.

 

Posted in Selling
Oct. 26, 2017

Why a Single Market Update Can't Apply to Our Entire Area

Today I was prompted to give a market update for our area. Instead, I want to tell you why it’s impossible to discuss real market trends in this way. 

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Today I was asked to talk about our current market, but I actually want to make something clear: markets are local. In fact, markets are even more local than the weather. 

You can say that the temperature in the United States is an average of 70 degrees Fahrenheit, but this doesn’t mean much on a personal level to the people in Michigan or the people here in Florida. The same is true about our market. 

In the Tampa Bay area, we’ve got many markets. We’ve got the waterfront market, the condo market, the single-home market, and more. Even within a single zip code, there are too many neighborhoods and areas to pin down accurate averages. 

As a result, when you talk about the market, you can’t think of it as “the” market. The truth is that there is no such thing as a single market for a wide area. The market is always changing. A trend may be affecting one area or another in different ways, so it’s hard to say what is truly going on across the board.

Keep in mind that if you want to know what your specific local market is truly like, I am always here to help. You can always reach out.

One thing that does apply to our entire area is that Hurricane Irma did slow things down. September 2017 had fewer closings than we saw last year, but some of those closings were actually pushed into the month of October instead.

But this slowdown hasn’t been permanent. Things are beginning to pick up steam again. 

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

 

Posted in Market Update
March 30, 2016

Why The Sage Condos in Downtown St Pete are Currently Undervalued

I've been telling people for a little while now that The Sage condos in downtown St Pete are a great value now. Some people called me out on it, saying "Why?" or "How do you know that?" So I put the numbers together and explain in this video.

The Sage was built in 2007 just before the bottom dropped out of the real estate market. Many of the units couldn't be sold so a smart investor came along and scooped them up. He held onto them as rentals until this past year or so when he decided to start selling them off.

In the video I incorrectly stated that they are being sold at a rate of 3 or 4 a week, what I meant to say was 3 or 4 month. At this time there are about 30 left that the investor owns, meaning by the end of the year they will be gone. What does this mean to you? As a buyer, you want to buy now while the prices are being held artificially low because of the heavy supply. When values go back you'll be in great shape! If you own at The Sage and are thinking of selling, if you can wait then you should wait until the investor sells off his units and prices go back up to where they belong.

Want to live at The Sage? Contact me soon while the getting is good!

If you have questions on this or would like me to run the figures for your current home or do an analysis of where you want to live I can do that too!

Aug. 24, 2015

Towns on Fifth ~ St Pete

Jay Heidel speaks with Steve Coderre about the new construction project in downtown St Pete. Towns on Fifth is a community of eight townhomes at 145 5th Ave NE. Steve Coderre appears courtesy of Goldman Morgan LLC and Towns on Fifth LLC.

Currently with pre-construction pricing!

  • Private elevators in each unit

  • Two car garage

  • Gated community

  • Gourmet Kitchen

  • Roof top terrace on 4th floor

  • AWESOME LOCATION!

CLICK HERE FOR INFO AND PHOTOS OF TOWNS ON FIFTH

Aug. 19, 2015

The Cost of Renting

There are many reasons why you should consider home ownership instead of renting. Unlike rent, fixed mortgage rates don’t rise and homeowners can deduct eligible expenses on taxes that renters cannot. Also keep in mind that if you are renting, you are still paying a mortgage. It just happens to be your landlord’s mortgage and not your own.

Posted in Buyers, Renting
Aug. 14, 2015

How Buyers Search For Homes Online

How buyers search for homes online has huge impact on how you should price your listing. Pricing your home in the correct price bracket will put it in front of the right people who will want to buy it ensuring you get the higher offers you want.