Is It Possible To Earn Money In Tampa Real Estate?

The Tampa real estate market is one the place where a lucrative investment would be to be found; somewhere around the home foreclosure listings or lying down inactive with a real estate agent’s desk. The guide aims to give you the setting required to enable you to find lucrative expenditure real estate property.

The very first critical for benefiting from Tampa real estate is to locate a highly motivated and urgent seller. The theory is to barter a cheaper price on a part of real estate necessitates the seller to want to trade their residence shortly or desperately. Should you be talking to an unmotivated seller for the telephone then it will be very clear that you aren’t getting a reduced price about this real estate. If the seller is unmotivated you will subsequently be struggling to negotiate a lucrative deal.

One counterproductive aspect of Tampa real estate investment is you normally make a profit whenever you buy real estate and never once you flip it. This means that, while there is often little you’re able to do to increase the value of real-estate; sellers are human and therefore are often ready to negotiate their price. Conserving money while buying real estate is the key to selling homes for any profit inside real estate market.

With that in mind, pick would be to create a list of real estate houses you are considering buying. You’re going to have to view around ten bits of real estate when you careful pick which you’ll become the perfect chosen investment.

One important way of sourcing moneymaking real estate properties is to interview real estate agents; the people that make money from real estate on a regular basis. Interviewing a real estate agent and determining if they own just about any investment real estate they will be invaluable. Remember, they’ll be willing to be interviewed when you are offering them your regular custom.

Real estate agents see the market back to front and can be rich in investment properties with low prices because others never have seen or understood the potential of them. After you build a good relationship by incorporating local real estate agents you will typically be given a phone call if he or she notice a good property reach their desk. Remember, they be given a lot in return for this relationship because the more real estate that they can sell greater commission they earn.

Guide To Finding A House The Easy Way

There could be several reasons which explain why folks move to another location. To reposition is commonly the results of a work assignment. And if you’re assigned to another location for a long period of time or permanently, it is would be less expensive in the longer term to get a house than to rent.

While looking to purchase a home is a thrilling concept, you can’t discount the simple fact it will take a little time to find a home in the first place, which means you should learn to stretch your patience. To help you make this job more manageable, here is a guide that might turn out to be useful:

Select a location

Prior to starting on looking for Tampa real-estate, the first thing you should do is select the location where you want to live. It’s better to target your search to 1 or 2 locations so it is simpler to compare costs.

Work out how much you are able to afford

If you’re to take a loan to pay for the house you need to buy, check with your bank as to how much you may expect to get. This is critical so you would know the price bracket you should look for.

Create a list of your necessities

This can ensure that your stay in the house you are on the point of getting will be cushty. You might want a place that is the location where in school, churck, restaurants, malls are accessible. Or, you like a place with 2 bogs, bigger frontyard and / or backyard.

Keep a short list of homes to choose between

Cut down your list to about five to ten potential houses for sale in Tampa. If you only have some give it more time. You’ll have an improved chance of getting a superb buy if you have one or two houses to choose between.

Obtain as many Tampa property lists as feasible

If you are having a tough time locating houses for sale in a particular location, the only option is to contact a real estate agent. The agents have access to many real-estate listings that contain available properties. The more lists you can procure, the higher the probability of finding your dream house.

As you may have realized by now, finding houses for sale takes a large amount of work. You must be ready and prepared to take this route for you get a superb purchase. In the end, it’ll be worth all of your efforts.

get a good buy. In the end, it will be worth all your efforts.

Is Your Real Estate Agent Getting You Maximum Exposure?

What can your real estate agent offer you? That is the question you ought to be asking yourself these days. With the huge shift in traditional marketing methods to the internet, and now social media/networking platforms online, it pays to do your homework before signing any contracts.
Although nearly 90% of buyers and sellers are turning to the internet for their real estate related needs, a depressingly lower amount of Realtors are actually taking the time to learn about online marketing strategies. This can be detrimental to your exposure and/or finding the best deals possible.
Unfortunately, many agents and brokers are still stuck in the stone age of marketing, and refuse to accept change within their own industry. Although traditional methods still hold some weight when advertising a home, you could be missing an enormous piece of the pie if you do not work with an agent that is also innovative and tech savvy.

Here is a List of Questions You Should Be Asking During an Interview:

1. “What types of social marketing do you employ?” Let’s face it. If your agent is not investing the time into building a Facebook, Twitter, LinkedIn, Google+ following (or the host of other media available today), then there are literally hundreds of buyers and other professional contacts that are slipping right into the hands of their local competitors.

We are in the day and age of networking, and word travels at the speed of light. Therefore, your agent should be promoting your home on all of the following platforms by building specific pages and listings for your property where buyers can instantly find you. This will give you maximum exposure.

2. “How do you capture leads?” On the other hand, not only is it important for your agent to network and promote your property online, but they also need to collect the necessary contact information from website visitors in order to do business with each prospect.
Therefore, your Realtor should have their own website with an active blog, in order to keep in constant contact with their audience. By marketing on Craigslist, Google, Youtube, article directories, and any other medium available, your agent should be able to drive traffic back to their own sites.
Next, each person should be directed to some form of lead capture where they can enter their contact information for further updates on your listing. This could also include using mobile marketing, which will allow people to offer their cell phone number in exchange for property details. QR and/or text codes can be included on websites or even signage and postcards.
3. ”How do you follow up with your leads?” Finally, can you be certain that your agent will go to work for you? Regardless of how many leads they may generate, if they do not have an effective follow up plan in place to build relationships and get buyers taking action, then your efforts could be wasted.
It is important that your agent spends the time to build effective email campaigns, submit updated blog posts and social media updates, and make direct phone calls to incubate each lead and ensure that action is taken while leads are still hot.
Also, can they provide strong evidence of quantifiable results with their real estate marketing campaigns, and are you confident in their ability to sell? Do you see the potential of getting a head above the rest and truly taking advantage of all the resources that are available at your fingertips?
By carefully reviewing all of the above criteria before choosing an agent, you will be able to ensure that you are receiving the best attention and service possible. If you are interested in setting up a time to review our in depth presentation on how we will put our comprehensive marketing strategies to work for you, please contact us today. We guarantee you will not be disappointed!

3 Things To Consider Before Listing As FSBO

If you’re looking to sell your home in the near future, you may feel inclined to list it as a For Sale By Owner (FSBO) before working with a Realtor. For many, this is considered one good way to cut back on costs and possibly earn a little more profit on the sale.
However, there are certain aspects you may want to consider before going down this path. Statistically, over 80% of FSBO’s end up being listed with a Realtor at some point. Therefore, it pays to take the time to fully assess whether or not this is the right plan of action for you.

Properly Marketing Your Property

First of all, listing a home for sale can be a very time consuming and difficult process. Unfortunately, this typically is not as easy as posting a sign in the yard and setting up a classified ad in the local newspaper. There is certainly a lot more than meets the eye.
For instance, many FSBO websites will tout that you can obtain a wide exposure to buyers nationally, but this pales in comparison to the results that you can expect from big named sites like Realtor.com, which only agents can post to.
Next, your agent will have a lot of expertise with implementing online real estate marketing strategies that will gain you a ton of locally targeted searches. And in fact, nearly 90% of all searches for real estate related inquiries start online.
Realtors will also have a strong network of both agents and buyers that they work with on a regular basis. This is a business where it pays to network. More contacts equals greater exposure.

Asking Price & Showings

For starters, a lot of FSBO’s will start at the wrong asking price. This is by far one of the most important factors that goes into marketing your home, so you want to do this properly off the bat. But, without being fully invested in your local market and understanding the current trends, it can be difficult to price the home accurately.
As alluded to in section one, selling a home can be a lot of work. Most individuals these days have to juggle a full time job, family obligations, recreational activities, household chores, etc. Where do you find the time for fully investing into the sale as well?
When the opportunity would arise for interested parties to view your property, you would need to schedule individual showings, open houses, inspectors, appraisers, etc., while also trying to stage and maintain your property’s appearance. Miss out on a good opportunity for matching schedules and you can quickly lose interest.

Negotiations & Contracts

If you get to the point where you negotiate with a buyer, it is much more difficult to handle this aspect without a qualified agent. Selling your home can be a very emotional undertaking, so it is easier to set unrealistic expectations, or to even concede on more than necessary when you don’t have a 3rd party buffer.
During most real estate transactions, both the buyer and seller will typically have a set of concessions and contingencies. For a majority of buyers, they will expect to have some type of a financing, inspection and/or termite contingency.
This is set up for their protection, in order to complete their due diligence on the home before moving forward to closing. If other issues are found, this may even been grounds for further negotiation or eventually walking away from the deal.
Or you will be expected to lower the price, fix the issue or offer a concession on something else in order to alleviate the problem. Likewise, you want to ensure that the buyer is not overstepping their boundaries or that you are pressured into giving away more than is reasonable.
In summary, it’s worth taking the time to carefully consider these 3 areas before making any final decisions. If you still decide to take the FSBO route, we sincerely wish you great success. Also, please feel free to share our information with a friend and to bookmark our page for future reference as well!

Investing in Real Estate vs. Stocks

When it comes to investing in land/real estate or stocks, there is no one size fits all. Although both vehicles have proven over the long run to provide excellent returns when handled properly, each person will have their own unique goals, risk tolerance, and capital that they are willing to spend.
Additionally, this is where a financial planning specialist may offer useful insights as well. You may have heard the advice to not put your eggs all in one basket. Therefore, it may even be beneficial to consider pursuing both forms of investments to better leverage your profits.
So our goal is to offer an overview of both sides of the coin in order for you to start forming your own opinion. All in all, it is most important that you proactively take your financial future into your own hands and only pursue the path that you feel will be the best for you and your family.

Benefits of Investing in Land or Real Estate

Many very successful people started out their investing careers in real estate. Plus regardless of what happens in the economy, it is factual that people will always need a place to live. Homes very rarely decrease in value when they are well maintained and purchased correctly.
In addition, land can be an extremely lucrative investment since the world’s population continues to increase, and as a result the demand for land used by residential, commercial and retail entities is always on the rise as well.
With real estate you are offered something that is tangible and can be easier to calculate your due diligence. In other words, after reviewing the property specs with appraisers and inspectors, you have a fairly good idea of what you are getting into.

Downside of Real Estate Investments

First of all, there is typically a lot more time and energy invested in managing your investments. Whether you are renting your property out to tenants or keeping your lots clean and free of debris and coding violations, this is something you will be much more actively involved in.
Next, real estate always has some sort of cost involved. Regardless of what you decide to do with your properties, you will still be responsible for taxes, insurance, utilities, repairs/maintenance and possible a host of other expenses. Plus you can end up overspending and losing your shirt.
Finally, you have to have the proper investment strategy in place. Although real estate has historically been a strong hedge against inflation, you always need to consider your own local trends so you can properly leverage your investments to realize a strong ROI.

Benefits of Investing in Stocks

Unlike real estate, this is an investment that can be essentially placed on autopilot. Aside from keeping an eye on your portfolio for rises and dips, you can leave the management and operation of each entity up to the professional staff. You own a piece of each company without having to work for it.
Even with the Great Depression and other scares that we have witnessed over the last century, stocks have historically proven to be the best return on investment for those who hold on through the tough times and invest their returns properly.
Additionally, it typically doesn’t take a huge upfront investment to get involved in the market, and this is very beneficial for those who don’t have a lot of cash on hand. As long as you choose the right companies, earnings will continue to increase. Selling your stocks is also infinitely easier than listing a property or land for sale as well.

Downside of Stocks

On the other hand, the greatest benefits of stocks can sometimes be the most detrimental weaknesses. For example, though you do not need to actively invest sweat into each company, you are also leaving your finances in the hands of a management team that dictates how things operate.
Therefore, if business takes a nosedive so do your stocks. Some will recover while others may crash and burn. Also, this can be a very emotional game. Especially for those who are getting closer to retirement, the couple scares that we have witnessed in the last decade caused many people to pull out at huge losses.
Finally, stocks can be a lot more unpredictable, especially if you are jumping on the bandwagon of rising trends or promising starter companies. Though some may end up being a homerun, you are always listening to the speculations of gurus or your own gut feeling. Alternatively, real estate can typically be more accurately measured.
In conclusion, it important that you take the time to assess the investment opportunities that are available to you before making any decisions. It is important to look out for your financial future and well being, and we’re here to support you along the way.
If you need more information about how you can get started investing in real estate or land, and want to discover the options available in our local area, take the time to contact us today. We look forward to doing business with you!

7 Tax Benefits Of Owning Real Estate

There are so many advantages to purchasing your own home. For instance, it offers the pride of ownership, provides an overall sense of accomplishment, and is a place where you and your family will build many lasting memories. Among others, real estate opens the door to many tax benefits as well. Let’s discover some of the following ways that owning a home/s can help to create a tax shelter.

  • Mortgage Interest & Points: If mortgage debt is $1,000,000 or less, married couples filing jointly can deduct the full amount of their interest. Otherwise, those filing separately can write off up to $500,000 worth. This also includes second homes or adjacent land to your main residence. Points on either a home purchase or refinance can also be deducted, but these must be amortized for the latter.
  • Property Tax Deductions: All state and local taxes regardless of how many properties you own can be deducted, up to the alternative minimum tax required by law. Funds that are held in escrow accounts can only be written off once the taxes are paid.
  • Private Mortgage Insurance (PMI): A portion of PMI can also be deducted if household income is less than $109,000 per year or $54,500 for those filing separately.
  • Interest On Home Equity Loans: As long as you have the necessary equity in your home to secure the required debt, you can write off the interest on a loan of up to $100,000 for those who are married filing jointly, or $50,000 when submitted separately.
  • Working From Home: That’s right! Even those who use a portion of their home for work purposes are able to deduct a percentage of the home’s depreciation, utility/maintenance costs and insurance. This is one you definitely want to review with your tax professional to make sure you are getting the maximum available to you.
  • Home Maintenance Interest: This is a tricky one, as you can write off the interest on any capital improvements made to your home, which will increase value and/or prolong the life of your home. This includes certain types of restorations or additions made to the home with no cap on the investment. However, you will not be able to deduct minor patching or cosmetics made to the home.
  • Capital Gains/Selling Costs: As long as you have lived in your primary residence for at least 2 of the last 5 years, you are permitted to sell your property for up to $500,000 of profit for married couples filing jointly, or $250,000 for singles with absolutely no tax penalties. However, if you end up selling for an amount above either threshold, you can subtract the amount of closing/selling costs that you incurred from your total gain. Those who fall outside of the 2 out of 5 year limitation may be granted an exception given certain unique circumstances such as health problems, relocating for work or other such occurrences.

Therefore, it pays to consider the benefits of homeownership and to discuss with your tax professional what you may qualify for. Especially for those who are entertaining the thought of buying instead of renting, it is very important to consider the long-term impact that owning real estate can have on your overall financial future. There are advantages whether you are buying for yourself or investing in properties for additional income. Contact us today using our information above to start exploring what options may be available for you!

When The Kids Have Moved Away It’s Time To Play

Empty Nest Rejoice

“We’re not getting any younger honey!” Have you heard this one before? You may be getting to that age now where the kids are either close to finishing college, finding full time jobs and picking up a sweet rental, or finally tying the knot. There may still be one 20 something year old lingering around for longer than expected, and you haven’t fully achieved “empty nest” syndrome yet, but the time is coming soon.
So what do you intend on doing with all this new found time, space and energy? Chances are you don’t plan on just staring at each other longer than you have in decades, so there must be another solution. It’s time to get back to living on the edge and taking a few calculated risks. Maybe what you need is a little adventure!
Is there something that you have been aiming to do forever, but with the kids, mortgage and other heaping responsibilities, these goals turned more into faded dreams than a reality? Perhaps we can help offer some insight and direction. Believe us, we have worked with many clients in the past who have faced the same choices that you may be dealing with now.
Whether that involves taking a 3 month long European vacation, visiting family across the country, buying that boat and spending your time out at sea, or investing your time serving orphans in Africa, one thing that may be crossing your mind is what you plan to do with your oversized house for two.
For most reading this, we would presume that you either have a majority of your mortgage paid off or at least some retirement savings stashed up that will provide you the flexibility to sell and downsize into a more modest living space. With that extra income, you will now be able to finally experience those long anticipated dreams.
Maybe this looks like taking a leap and moving into a high-rise condominium in the big city. Or perhaps you would rather pick up something a little more tranquil out in the country. Others may be interested in building up a small rental portfolio and not being tied down to any one location. And there are plenty of luxurious 50+ retirement communities that offer mindboggling amenities.
The options could seem overwhelming, so we’re here to serve you along the way. We understand the hesitation and concerns that can arise when making such a big decision, after living in a residence for 20+ years. These feelings are normal.
Whether you would like to schedule an appointment to discuss possible options with your current home or need assistance in planning for your future move, we encourage you to contact us using the information provided above. Consider us to be your trusted advisors as you begin mapping out your next steps. We look forward to helping you achieve your dreams!

Bill Engvall – Empty Nest (Funny)

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Bill Engvall – Empty Nest
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What to Consider If You Want to Purchase Home Foreclosures

When you purchase of home foreclosures you can be saddled with tasks you know nothing about. From securing financing, to finding the ideal property, to closing the deal and all the little steps in between, this exercise should not be undertaken without proper information and preparation.

Distressed properties are not only about great discounts, there are also a lot of risks involved. But these risks can all be minimized if not completely eliminated if you purchase home foreclosures with caution and diligence.

What You May Not Know

There are some elements that are true of all foreclosures. One is that they are all sold as is and seldom will a seller shoulder the cost of repairs for the property. There are some foreclosures that have outstanding obligations other than the mortgage. Obligations in the form of back taxes, liens and other encumbrances are not part of the seller’s disclosure. Your offer for a foreclosed home will only be considered if you can show proof that you are able to pay for your purchase. For this, you will need to obtain a loan pre-approval from your bank or any other mortgage lender. This will require the submission of some personal documents for the lender to be able to assess your financial situation and gauge your ability to borrow funds and how much.

Reducing Your Risks

Make sure you are indeed financially prepared for a high ticket investment like when you purchase home foreclosures. You should consider several listings of foreclosed properties to find the one you like. Never forgo a professional home inspection of the property as well as a title search. You should also commission an expert to conduct a comparative home value analysis in the area where your home is located. Once you have completed your research base your offer on what you have uncovered and approach the seller or his appointed agent.

Read more: http://www.articlesbase.com/real-estate-articles/what-to-consider-if-you-want-to-purchase-home-foreclosures-3691582.html#ixzz15q9N5wWk
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