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14502 N. Dale Mabry, Suite #100,
Tampa, FL 33618

Cell (813)624-3332  
Office (813)962-0631
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& Home Selling Experience

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Stephanie LeFew's Blog for You

Sellers-Pricing the property, home inspections, overcoming challenges

A recent study shows that sellers tend to overestimate the value of their homes by about 8%.   In negotiating a contract, once buyer and seller agree upon a price, the next real hurdle is the appraisal.  Realtors finally exhale once that comes in since appraisals are so subjective.  What happens if an appraisal comes in lower than the contract price?   Well the buyer's mortgage company won't lend more on the property than what the appraisal says the home is worth.  There are basically three options - The seller could lower the price to mirror the appraisal, the buyer and seller can meet somewhere in the middle and the buyer could bring more money to the table, or the deal falls apart because the seller won’t budge on their price because they believe the house is worth more and darn it all they’re gonna get it or they just aren’t going to sell.   Even now, It's a busy time in real estate.  If the sellers aren’t reasonable they will miss this winter season to sell their house.  A bird in the hand…  Also, the first offer that a seller receives is often the highest offer.  The first 14 days is the time frame when you are going to see the most interest and activity.  Not many showings and no offers means the market is saying the property is priced too high.  Today's home buyers are quite savy and do a lot of research before they even pick up the phone, text, or email to request a showing.   What is so important in those first 14 days of your house being listed?*  Make sure the house is priced competitively.  Hire a successful, experienced, full time Realtor to list and sell your home.  When your Realtor shows you the numbers and let's you know what the market is currently doing in the neighborhood that the property is located, make sure to price your home competitively. A property that is listed too high helps sell the homes around it.  Buyers will bypass your house and run to the properties that are reasonably priced and in good condition.*  Professional pictures are so important.  If your property doesn't show well online, buyers will be so less likely to make an appointment to see it.  It needs to sing.*   Declutter, organize. If it appears that you must not have room for your items, there must be too little storage.  Buyers will go look for a home with larger closets, more storage.*  Do what you can to make your home look and smell appealing.  Doggy and kitty odors, items that have been left undone makes a buyer wonder what else is wrong, just below the surface.  You may even want to consider hiring your own home inspector ($300-$500) to address issues before you go under contract and the buyer gets spooked by what comes up in the home inspection report.*  Don't let your listing go stale.  The longer it sits there, the less attention it will get.  Consider agreeing with your Realtor and doing a price adjustment.  How many payments do you want to make before the house is sold?*  If the buyer requests a few items to be done to move forward with the purchase and you have an  As Is Contract...it would be nice to "give a little" in good faith.  This makes for a happy buyer closing on the property.  You may wish you had agreed to a few items if they decide to cancel the contract.  It's so important to remove the negative emotions as much as possible so that the buyer gets what they want, as well as you get what you want.... Just a few things to consider that are really important when you are looking for what you want the end result -- selling your property to a happy home buyer who closes on the house, and you with the money you were looking for in order to fund your next venture and step in life. Check out current pricing trends - Search homes currently for sale on the Tampa MLS Please let me know how I can help you with your real estate needs in Tampa,Stephanie LeFew, Tampa RealtorColdwell Banker Residential Real Estate - North Tampa Officecell phone - 813-624-3332

Be careful to do your due diligence before you rent

When you are looking into renting a home, please do your due diligence and make sure that the home isn't in foreclosure.   There are scam artists that look for homes that a foreclosure has been filed on with an out of town home owner.  Then these scam artists pose as the home owner, run an ad, possibly even hire a real estate agent to fill the home with a tenant.  The tenant then moves in after paying first and last month's rent as well as possibly a security deposit.  Then comes the notice that the home is now owned by the bank and the tenant must move out. You can go the the property appraiser's website to verify who owns the property and the county clerk's website to check to see if the home is in foreclosure.  Make sure you are dealing with the actual home owner. Again, make sure you do your due diligence to protect yourself.    Are you sure you wouldn't rather own a home? Interest rates are so low right now.  There are a lot of advantages of owning a home, including tax advantages. Search Homes for sale in Tampa Please let me know how I can help with any of your real estate needs in Tampa Bay,Stephanie LeFew, Tampa RealtorColdwell Banker Residential Real Estate - North Tampa Office813-624-3332 cell phone

Florida is still the top destination for International Buyers

Florida is still the top destination for International Buyers.In 2014, the five countries that accounted for 51% of all purchases by international buyers were China, Canada, Mexico, India & the United Kingdom.International buyers tend to purchase more expensive real estate with the average purchase price being $499,600.  Chinese buyers typically purchased the most expensive properties at an average of $831,800.While Florida remains the top destination for international buyers, California comes in second, Texas third, and Arizona fourth.The majority of international purchases (55%) were made with all cash, compared to about 25% of all cash purchases made by domestic buyers.Thinking about selling your house, townhome, condo, or land?  I would love to hear from you.Call me on my cell phone for an appointment today - 813-624-3332Stephanie LeFew, Tampa RealtorSelling Tampa BaySearch homes for sale on the MLS - Click here for current listings
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Steph's Tampa Real Estate Blog

Florida is the top destination for International Buyers

Florida is still the top destination for International Buyers.In 2014, the five countries that accounted for 51% of all purchases by international buyers were China, Canada, Mexico, India & the United Kingdom.International buyers tend to purchase more... Read more

Seller - House Pricing Part 1

A recent study shows that sellers tend to overestimate the value of their homes by about 8%.  In negotiating a contract, once buyer and seller agree upon a price, the next real hurdle is the appraisal.  Realtors finally exhale once that comes in... Read more
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