HOMM Real Estate Services Blog


Fortunately, today’s housing market conditions mean there are fewer distressed properties for sale, but they do pop up. However, in spite of a robust market, there is a possibility that post-pandemic conditions could yield distressed sales. 

This isn’t a forecast, rather an opportunity to help educate buyers and sellers who are often confused about the difference between a short sale and foreclosure; common terms to describe a distressed property. Plus, with several misconceptions about the short sale process, this provides you with a better understanding of which option is right for you should you be faced with a distressed sale. 

First of all, let us provide some explanations. The term “distressed” is a catchall term for any property that is not being sold in a more traditional manner. It certainly includes both short sales and foreclosures, but can also be used to describe a severely damaged property which might not be able to obtain conventional financing due to lack of livability.  

What is a foreclosure?

A foreclosure is a home that was lost by the previous owner and is now being offered for sale by the bank that held the old mortgage note. This Zillow article provides good insight into the stages of a foreclosure. Our role in a foreclosure can be in either representing the lender as the listing agent or sourcing the property for our home and investor buyers.

What is a Short Sale? 

A short sale occurs when a seller owes more than the home is worth and is asking their mortgage (lien holder) holder to accept less than they owe in the sale. The purchase price must have their lender approval. Short sales could be caused by many factors, but most commonly is a result of a rapidly declining housing market. 

What is the Short Sale Process?

Firstly, HOMM Real Estate Services would suggest contacting your lender and let them know of the situation. They may even have a dedicated short sales department. Ask about their particular process. Your lender will be closely involved throughout the entire process as they will have to give approval for the final sale.

As outlined in this article written by Brian O’Connell for TheStreet.com, the short sale process can be relatively simple. Yet, there are several benefits and negatives to consider – depending on whether you are the buyer or seller. 

As the seller, a short sale may be a way for homeowners to avoid foreclosure and get out from under their loan with the lender by settling. 

Excerpts from Brian O’Connell’s article considers these benefits and issues for sellers of a short sale:

Benefits

1. Credit score advantages

A short sale is highly preferable from a personal credit score point of view, especially when weighed against any potential home foreclosure. Credit scoring firms take a dim view of a foreclosure, and will issue a credit score much lower than when a home seller turns to a short sale instead. 

2. Emotional advantages

In many instances, a home mortgage is the biggest financial event of a person's life - at least before retirement. The seller avoids a "worst case scenario" of foreclosure and can honestly say they sold their home and moved on with their life.

3. Saving on home sale fees

With a traditional home sale, the seller bears the burden of fees and charges, including real estate agent commissions, which can be 3%-to-6% of the total home sale. In a short sale, those fees and commission are paid by the bank.

Negatives

1. No cash-out

A short sale means they won't earn any profit from the sale of the house - the bank or mortgage lender gets all the sale proceeds. 

2. Dependence on the lender

Home sellers also need a green light from their lender on a short sale - they can't make    that decision on their own. 

3. Less cash for a future home purchase

Since the seller earns no profit on a home short sale, they won't be able to steer home      sale assets toward the purchase of a new home. Instead, they'll be starting from scratch. 

From a buyer’s perspective, it is often the lengthy time and inordinate paperwork that can deter them from moving forward from purchasing a short sale. Yet, as daunting as it may first appear, the competitive purchase price may outweigh any of the disadvantages. 

According to the article here are excerpts of the home buyer’s benefits and negatives to a short sale:

Benefits

1. Reduced price

Primarily, the big benefit is the increased odds of getting the home for a reduced price… …As any real estate agent will say, a motivated seller is a seller who wants to cut a deal, so a low-ball offer has a better chance of being accepted in a short sale than in a traditional home sale negotiation.

2. Less competition

Many home buyers, especially first-time buyers not used to the complexities of the process, may not want to get involved with a short sale. 

Negatives 

1. A longer home-purchase timetable

For buyers, the paperwork process is significantly longer in a short sale…and that may be a deal-breaker for home buyers.

2. Lender interference 

Lenders may also get directly involved in the home price negotiations, often asking for a higher sales price than the home seller (including the insistence that the buyer make all or most of the closing fees), in order to recoup more money on the home loan.

3. The property may be in disrepair 

It's also highly advisable for a short sale buyer to work with a real estate agent well-experienced in the short sale process. It's also strongly advised that a short sale buyer hire a home inspection professional to thoroughly examine the property, as short sellers may not have the financial resources to keep up with home maintenance and repairs.

 

Bottom Line

Buying or selling a short sale property takes a little longer, but there are benefits and it is far less difficult than it used to be; most especially if you partner with an experienced local agent who is familiar with the process.

 

HOMM Real Estate Services, located in the Brandon, Florida area of Tampa-Bay focused to Hillsborough, Pasco and Polk Counties. As a full-service general real estate company, we specialize in general real estate, home buyers, home sellers, new home construction, rentals, tenants and landlords and property management. Learn more about Marie Negron, her team and HOMM Real Estate Services. Call 813-684-5954 or email info.hommsales@gmail.com to get started.

Posted by Marie Negron, Owner on August 13th, 2020 7:36 PM





Homeownership is the goal most Americans strive for. Real estate is a solid long-term investment and buying your home is synonymous with the American Dream. Owning your own home means you can do exactly what you want, from painting the walls purple to remodeling the kitchen to have a built-in espresso counter. While this sounds like the ideal situation, the reality is that there are pros and cons to buying a house, just as pros and cons to renting. Understanding both fully can help you make the best decision for your goals.

There are two key factors to consider when it comes to deciding between buying and renting: finances and lifestyle.  

Finances

When it comes to buying, as mentioned above, real estate is a positive long-term investment and can be crucial in wealth-building. It’s hard to imagine your home in the context of your financial portfolio, but a house is an asset that should appreciate over time.

Something to keep in mind though is that the cost of your house will extend past your mortgage. Upkeep of a home is crucial in maintaining its value, and if done correctly and consistently, it can lead to increased equity. Unexpected problems can become expensive if you are unprepared.

On the flipside with renting, your landlord is, typically, in charge of maintaining the property. Therefore, you won’t have to shell out money every time something comes up. That being said, you are up to the whims and timeline of the property owner if something like a dishwasher should break. With homeownership, your mortgage will stay consistent. Whereas with rentals, the owner can raise rent prices or even sell the place, thus leaving you without a home.

Lifestyle

There is a specific sense of pride one gets in owning a home. Controlling the design and function of your own living space has its own sense of satisfaction. When you decide to make changes, you get to choose every little thing that goes into your home making it 100% to your tastes. There is also a sense of pride in the place you live as a permanent member of the community. Regardless of whether you have children, there is a natural desire to be part of a community; to have a local coffee shop, dry cleaners, bar and to be an active member in your neighborhood. Homeownership gives you roots that you don’t necessarily get with renting.

If roots sound more restricting than comforting, renting might be for you. A renter can move from one city or state to another very easily which allows you to move when you need/want to. Especially if your career is currently in the works or you’re not quite sure where to settle down yet, renting might be your best bet.

Deciding between buying and renting ultimately comes down to what best fits your lifestyle. Before you decide that it’s time to buy, give some thought to your lifestyle and goals. If they are in line with the advantages of homeownership, then time to go house hunting. If not, look into rentals. No matter what you choose, HOMM Real Estate Services has got you covered. Our full-service real estate agency provides resources for both buying and renting. Even if you decide to rent for now, but have your eyes on buying in the future, we are happy to help you make the jump. If you think you’re interested in owning property to then rent out, we have full property management services too. We’re here for you every step of the way.  

For homes for rent or for sale check out https://www.hommsales.com/OurListings.

HOMM Real Estate Services, located in the Brandon, Florida area of Tampa-Bay focused to Hillsborough, Pasco and Polk Counties. As a full-service general real estate company, we specialize in general real estate, home buyers, home sellers, new home construction, rentals, tenants and landlords and property management. Learn more about Marie Negron, her team and HOMM Real Estate Services. Call 813-684-5954 or email info.hommsales@gmail.com to get started.

Posted by Marie Negron, Owner on April 9th, 2020 10:15 PM




In these unsettling times, we want to reassure you that things are still running smoothly at HOMM Real Estate Services. In an abundance of caution, we have made some necessary changes to our business activities; all in an effort to protect our clients and agents. What does this change mean for you? 

While our door may be locked, we are open for business as usual with a slight twist.

  • Lori Ellis, our incredible Office Assistant, is in the office daily completing her normal routines and taking calls from clients, renters, landlords and vendors.
  • Our agents are working remotely, but, that's pretty normal.  We have the latest cutting-edge technology which allows us to assist our clients from a variety of locations and times.
  • Following the Florida CDC Coronavirus Guideline, our offices and frequently touched surfaces are regularly cleaned and disinfected. This allows us to accommodate those clients without internet access to meet their agent in our spotlessly cleaned and sanitized conference room. (Meetings are by appointment only and are limited to the parties of the transaction, while practicing social distancing.)
  • We have installed a secure coded mailbox outside our main entrance where clients, vendors and business partners can pick up or drop off essential documents, keys and small items any time.
  • As members of the National Association of Realtors, we are provided with additional resources and guidelines to protect the welfare of our Buyers, Sellers, Tenants and Landlords. We have implemented a few new policies and procedures when showing properties and conducting open houses. We will continue to practice the required social distancing, constant hand washing/sanitizing and greeting with a warm smile rather than a handshake.

We are committed to serving our buyers, sellers, tenants and landlords with the utmost care. Your well-being, and that of our agents, is of paramount importance. We are ready to take these additional precautionary steps and thank you for your understanding, patience and confidence in HOMM Real Estate Services.

  1. Buyers and Mortgages - Interest rates are still low! Take advantage and get started now. We can assist with understanding what you can afford, lender suggestions and introductions. Remember, everything can be done electronically.  
  2. Buyers Be Ready - If you are already in the buying process, don’t stop! Continue moving forward with getting your funds in order and obtaining your pre-approval. 
  3. Sellers Stay Active - Keep your home on the market! Interest rates are still low, buyers are still making offers and inventory remains low. And keep looking. Your dream home could pop up at any moment, and you want to be ready to make your move.
  4. The Power of the MLS – We have access to the most powerful home buying/selling tool available! Listings and sales are posted in real-time, and the added data captured within the MLS gives us accurate, timely information needed to help you make a wise and quick decision.  
  5. Showings - We can arrange for in-person showings for vacant properties, always following CDC guidelines. We will be observant of social distancing, limit the number of attendees, ensure constant hand-washing/sanitizing – no handshakes, just smiles. For occupied properties, we will take additional steps, such as inquiring about the health circumstances of the sellers and the home’s occupants. We will remove shoes when entering a property. Further, we can bring our own cleaning/sanitizing supplies for door handles, or for our sellers, we suggest leaving a bottle of hand sanitizer by the sign-in sheet or front door. We can also offer live video chat showings. Your agent can walk through the property you have shortlisted and discuss the pros and cons. As your listing agent, we can conduct a live video chat showing or arrange this with the buyer’s agent.
  6. Open Houses – We recommend limiting open houses with a preference toward a virtual open house. If a property is vacant, we will follow the same procedures as showings.
  7. Inspections – We are ready to assist both our buyers and sellers, virtually or in a controlled in-person manner throughout the inspection processes. 
  8. Offers – We use an electronic document management system for all buyers’ and sellers’ offers and contracts. For those without computer access, we can schedule appointments at the office, limiting to parties to the transaction only.  
  9. Closings – Title Companies and Lenders have been conducting mail-away and electronic closings for some time now. We can manage the entire process for you and can arrange with you the best way to deliver keys.

Like you, we are closely monitoring circumstances as they unfold. We review Florida Health's website on COVID-19 in addition to following protocols set by the National Association of Realtors. Ultimately, housing needs remain unchanged. Title Companies are already set up for mail-away and electronic signings and closings. We are finding the banks, lenders and mortgage brokers we work with are available and maintaining their busy routines.

Houses still need to be bought and sold and properties still need to be managed, and we're here Helping Others Make Moves. Stay safe and stay healthy.

HOMM Real Estate Services, located in the Brandon, Florida area of Tampa-Bay focused to Hillsborough, Pasco and Polk Counties. As a full-service general real estate company, we specialize in general real estate, home buyers, home sellers, new home construction, rentals, tenants and landlords and property management. Learn more about Marie Negron, her team and HOMM Real Estate Services. Call 813-684-5954 or email info.hommsales@gmail.com to get started.

 

Posted by Marie Negron, Owner on April 9th, 2020 9:51 PM


Many homeowners are surprised when they suddenly realize that “perfect” home of just a few years ago no longer suits their needs. From an expanding family to the empty nest, it’s common for a home to no longer be the right fit. If you’re unsure if you’ve reached the point where a move is warranted, here are a few signs you’ve outgrown your home.

 

More Kids than Rooms or More Rooms than Kids – Whatever your phase is in life, the number of rooms is crucial in making a house a home. If you find your youngest and your oldest bunking together or find yourself crashing on the couch when Grandma comes to town, it might be time to look into something bigger. On the flip side, if you don’t want to have to maintain rooms you never enter or find yourself not going into an entire part of the house for a month, you might be ready to downsize. Outgrowing doesn’t have to mean you acquire more space; it just means you need to move on to the space that’s right for you.  

 

Clutter or Lack of Storage – Are you in a constant state of de-cluttering? No matter how many times you go through your closet, your holiday decorations and the garage you can never seem to get rid of enough. Maybe it’s your space that’s not sparking joy. A new home with more space could be the answer to your storage woes. With upgraded space, there is more availability for you and the things that matter to you.  

 

Home Office – With the telecommuting business booming, you might find yourself working from your dining room table regularly. Instead of getting distracted by any kitchen chaos or finding your phone calls interrupted by the dog barking, it might be time to invest in a home with an extra room for a home office. With peace and quiet, your home office will make it easier to work from home and easier to leave it its allotted room at the end of the day.

Outdoor Entertaining – Over the last couple of decades, home design trends have shifted towards outdoor living and entertaining areas. This is even more critical in the sunshine state of Florida. Whether you enjoy a quiet breakfast on the lanai or having everyone over to cookout for the big game, having an outdoor space is crucial to happiness within your home. Your yard or outdoor living/dining doesn’t seem to be cutting it anymore? Think about adding proper outdoor entertaining areas to the top of your list when you start looking for a new place.  

Lifestyle – In theory, the square footage, the number of bathrooms, and the backyard might seem fine, but in practice, you’re starting to think there might be better out there. Lifestyle changes sometimes necessitate a change in space. Outgrowing a home can be as simple as wanting an updated kitchen, more natural light or a single-story home. Your home should work for you; you shouldn’t have to work for your home.

Your reasons for moving will be as unique as you are, but these are just a few considerations, which indicate you might have outgrown your current home. Don’t let the need for change scare you though; HOMM Real Estate Services is here to help with all of your buying and selling needs in the Brandon, Riverview, Valrico and Tampa-bay area. Life changes and our homes must change along with them. The best part of outgrowing something is fitting perfectly into whatever comes next. Call HOMM Real Estate Services today at 813-684-5954 and we’ll help you make your best move yet.  

  

HOMM Real Estate Services, located in the Brandon, Florida area of Tampa-Bay focused to Hillsborough, Pasco and Polk Counties. As a full-service general real estate company, we specialize in general real estate, home buyers, home sellers, new home construction, rentals, tenants and landlords and property management. Learn more about Marie Negron, her team and HOMM Real Estate Services. Call 813-684-5954 or email info.hommsales@gmail.com to get started.

Posted by Marie Negron, Owner on January 31st, 2020 1:09 AM


Tampa has so many master-planned communities, new and existing, that sometimes it seems overwhelming to count how many, or figure out which one is right for you. While the community might not seem as important as the size of the kitchen or the space of the backyard, the planned community around the home is just as critical to the quality of life as the home itself. How to decide between one community or another?   Here are the most popular community amenities in 2019.

• Parks and Green Space – Topping the list of desired amenities is green space. Studies show that as home buyers seek smaller square footage, they also are seeking outdoor space from the neighborhood. The parks are for all family members: two- and four-legged! Those communities with parks for multiple ages plus dedicated dog parks top the popularity list. In Florida, green space is crucial. What’s the point in living in the sunshine state, if you don’t get to enjoy it?

• Trail Systems – Along the same lines, nearly perfect weather all year long means that green space might not just cut it. Trails throughout the community mean an easy way to get outdoors whether you are walking, hiking or biking. Home buyers are interested in both paved and natural trails. Trails around bodies of water are always a bonus.

• Resort Style Pool and Clubs – The days of tiny community pools are over. Pools and their accompanying clubhouses should be central components of community living. With homebuyers looking to participate in the community a bit more, pools and clubhouses have had to up their game. Community pools should be like a mini-vacation with resort-style swimming, towel service and any level of catering kitchen, food and beverage or snack bar are all worthy of a 5-star review.

• World Class Gyms and Courts – Why keep the resort standards just to the pool? Exercise rooms, gyms and courts are essential to community living. Hitting a world-class gym should be as easy as heading to the community center.

• Main Street Village Centers – In the past, buyers wanted their community to be in close proximity to all their necessities. Nowadays, developers are expected to have those daily necessities readily available. Artfully designing the shopping area to include a main street feel is a huge plus to home buyers.

Lifestyle is a complete package. No matter what kind of living you’re looking for in Florida, community is everything. Instead of getting overwhelmed by options, call HOMM Real Estate Services! We have 25+ years as Tampa REALTORS® and residents. We know all about the existing and up and coming neighborhoods as well as the quality of amenities offered. You don't have to be looking for your needle in the haystack of Tampa-bay area communities when you have HOMM Real Estate Services. We are Helping Others Make Moves, it’s what we do.

 

HOMM Real Estate Services, located in the Brandon, Florida area of Tampa-Bay focused to Hillsborough, Pasco and Polk Counties. As a full-service general real estate company, we specialize in general real estate, home buyers, home sellers, new home construction, rentals, tenants and landlords and property management.

Learn more about Marie Negron, her team and HOMM Real Estate Services. Call 813-684-5954 or email info.hommsales@gmail.com to get started.

 

Posted by Marie Negron, Owner on December 4th, 2019 12:16 AM



Whether you’ve been looking for a new home for a long time and have finally found the right one or a home you’ve had your eye on has recently been put on the market; you’ve just decided on your dream home. Knowing exactly what you want is an exciting prospect. You feel confident in your decision.  Plus, you can already envision where the couch will go and the art you want to hang. Before running away with a fantasy, you have to sit down and write the offer. You have made this terrific decision, but now you have to deal with the logistics. You might ask yourself what you can do to ensure the seller is impressed with your offer and while cold hard cash might be ideal, very few of us are lottery winners. Fortunately, there are still great ways to ensure the seller takes your offer seriously and improve your chance of acceptance. Here are our top 5 ways to make your offer stand out.

1. Pre-Approval Letter – A pre-approval means your lender has run all the numbers and gathered all the documentation necessary to close the loan. Having pre-approval shows the home sellers that you are serious about the offer and ready to move when prompted. Unsure how to go about getting pre-approved? Talk to your agent about the resources you need and they’ll connect you to the right lender.  

2. Contingency Removals – There are certain contingencies in place that are necessary for both physical and financial safety. Don’t remove any contingency that could put you at risk. There are plenty of contingencies though you can safely remove. By removing those or shortening the contingency periods, you’ll provide peace of mind to the sellers, thus making your offer more favorable. Again, your agent is in your court and has the experience to understand the pros and cons of all the contingencies.

3. Sell Your Home First – Nothing says serious offer quite like having your home sold. If a buyer still needs to sell their home, sellers can take that as a red flag. Especially if a buyer needs to sell their own home before closing.  Sell before you write the offer whenever possible.

4. Escrow Period – In buying and selling timing is everything. Work with the right agent who will know how to present your offer, and will understand if a longer or shorter escrow period is needed based on the seller’s moving needs.

5. Win-Win – Most importantly, show the seller that you want to create a win-win situation for you both. Negotiations will happen, but if you avoid seeming unreasonable or demanding, you’ll be making an offer they can’t refuse.

While the price is always important to the home seller, there are other valuable concessions or offers which can mean as much. Have you found the “Right Realtor” to work with? One who knows how to negotiate the most beneficial real estate deal for you. Look no further than the expert agents at HOMM Real Estate Services, who view the transaction as a win for all sides and learn what’s important to the seller before you write the offer. By accommodating their needs as much as possible, you are more likely to have your offer accepted. Thus, making your buying easy as pie.   

HOMM Real Estate Services, located in the Brandon, Florida area of Tampa-Bay focused to Hillsborough, Pasco, and Polk Counties. As a full-service general real estate company, we specialize in general real estate, home buyers, home sellers, new home construction, rentals, tenants and landlords, and property management.

Learn more about Marie Negron, her team and HOMM Real Estate Services. Call 813-684-5954 or email info.hommsales@gmail.com to get started.

 

Posted by Marie Negron, Owner on October 30th, 2019 9:35 PM


Although it’s only the beginning of October, the holidays are coming much sooner than you might think. Halloween, for one, is only a few weeks away! You might think that now is not the time to buy or sell but we are here to give you some tips and dispel any myths. 

Buying during Autumn

You might think all the homes for sale would be sold by the first cooler evening.  But in reality, many homes do not sell by the time school starts. They tend to linger on the market into early fall months. Plus, they could be at a deep discount after being on the market all summer. Moreover, there are plenty of fresh houses on the market with sellers looking to put up a sold sign before the even slower winter months. What is your biggest strength? There are fewer buyers out searching; meaning you should have more options and more leverage. Autumn can be the perfect time to buy a home if you play it right. To make sure you’re ready, follow these few steps: 

•    Be prepared. Fall home buyers should be ready to move when they find the right home at the right price. Get prequalified so that you can jump at the right opportunity.

•    Establish a price range and stick to it. Because the market tends to see seasonal slow-downs, you and your Realtor have more opportunity to make your money go even further than it would in the busy months. 

•    Notice the imperfections. With hurricane season and rain every day, homes can show their scars. Look for evidence of water intrusion and evaluate the yard debris. Imperfections in the gutters or ceiling will become more apparent and there will be no surprises.

•    Visit the local school. With school back in session, you can see everything a school has to offer and how everything runs. This is also a good time to visit and ask questions from teachers and administrators. They are fresh from the summer and prepared to answer any and all questions. 

•    This last one might seem contradictory but, wait for winter if necessary. Buyers all but evaporate in the winter months, so while the competition seems low in the fall wait for the right home to come along; even if it’s in January. 

Selling 

On the flip side, selling during fall and into the holiday season isn’t as difficult as you might think. The holiday season seems distant at the moment; but in reality, as soon as you’re taking cobwebs and the candy bowl down, you’ll have a gorgeous wreath to put up.  Many home sellers are concerned it’s the wrong time to list their homes. In reality, your home shines a little brighter in the holiday season. Your home is all dressed up in its holiday bests; meaning the buyer will feel more emotionally tied to it. There is no need to wait for the hectic New Year selling season to list. There are benefits to selling now!

•    Lower Inventory – Conventional wisdom attempts to say taking your home off the market and waiting until spring is the best way to sell. In reality, with less competition on the market, your home will stand out to buyers and you’ll be able to negotiate a price that works for both of you. 

•    Your competition is distracted – While most people are cozying up with a Pumpkin Spice Latte or out trying to find the best deals during holiday shopping, you’ll be able to sell your house with the ability to focus on your own sale and not worry about what everyone else is doing. 

•    Serious Buyers – Similarly to distracted competition, most buyers are pausing their home search. While that seems counterintuitive, in reality, the buyers that are shopping for a home mean business. Moving is not fun at any time of the year, but the holidays are especially complicated. The holidays are a time to relax and enjoy family and friends. Buyers willing to seriously shop during the most wonderful time of the year are absolutely serious about purchasing a home. In real estate, studies show that if a buyer is out looking for a new home during these months, they have a reason to move which tends to create better offers. 

•    Interest Rates are still Low – Traditionally, Interest Rates stay on the lower end during the holiday season. The New Year looms and no one knows what is coming; so you can rely on a consistently lower interest rate.

In conclusion, whether you want to buy during autumn or sell during the holidays, HOMM Real Estate Services can help. From finding you either the best buyer or home for sale in a slower market to negotiating the price you not only need but want, HOMM Real Estate Services will make sure you are taken care of all throughout the season.


HOMM Real Estate Services, located in the Brandon, Florida area of Tampa-Bay focused to Hillsborough, Pasco, and Polk Counties. As a full-service general real estate company, we specialize in general real estate, home buyers, home sellers, new home construction, rentals, tenants and landlords, and property management.  Learn more about Marie Negron, her team and HOMM Real Estate Services. Call 813-684-5954 or email info.hommsales@gmail.com to get started.


Posted by Marie Negron, Owner on October 4th, 2019 12:23 PM

Is It Time to Move? 6 Telltale Signs you need a change 

Most people dread even just the thought of moving. However, those same people feel over the moon once they’ve completed their move. From packing every little thing to transporting precious furniture safely, the logistics of moving seem scary. An even bigger fear is the fear of change. Your home is, well, your home! You have a deep emotional attachment to it and nostalgic for the time you’ve spent in it. The way you feel is completely understandable, but a home that no longer fits your needs can make even the most beloved home feel uncomfortable. Yet, there’s a nagging voice in the back of your head saying is this right for me and my family?

Here are 6 telltale signs that you should consider putting a “For Sale” sign out front.

  1. Your Home is Too Small - Have you found yourself waiting in a bathroom line that reminds you of your school days? Or constantly stepping on toys or toes just to get around the house? You’ve probably outgrown your home. Sometimes you don’t even realize the kind of space you need to live comfortably until your home gets uncomfortable. Moving to a new home means you can ensure you have the right number of bathrooms and a bonus room with ample toy storage.
  2. Your Home is Too Big - Life changes! Suddenly that extra bedroom looks less like a guest bedroom and more like another room to clean. Empty Nesters often find there is too much to maintain in a large home. You finally have the time to travel and relax, why spend it keeping up a house that no longer fits your needs?
  3. Your Home is Too Expensive - Are you spending all your extra cash on making repairs? Does it feel like every time you turn around you have to fix something else? Your house might have become a money pit without you even noticing it. Don’t stick around in a home that’s eating up your savings and annual bonuses just to keep the space livable. Moving means the chance to find a home with exactly what you want without all the surprise repair costs.
  4. The Neighborhood isn’t what it used to be - Neighborhoods change over time for many reasons. If you feel like the days of knowing your neighbors’ names are long gone, community rules are too lax or too stringent, or its simply not evolved as you had hoped, then it’s time to move on. If you’ve noticed a decline in your neighborhood, the value of your home might be declining as well. We’d recommend moving on to greener pastures.
  5. You’re sick of the weather - Have you ever looked out of the kitchen window to snow flurries and thought “not again” or feel like you could go the rest of your life without shoveling another sidewalk? You’re not alone. According to the Census Bureau, more people are moving south than any other region. Moving to warmer weather – and, in our case, the Tampa Bay area can solve any and all freezing cold problems.
  6. Change is good! - At the end of the day, it’s good to make a change. Change promotes growth in both your personal and professional lives. Moving means you get to try a different style of home or a more fitting and enriching location. If your home isn’t making you happy any longer, it’s time to make a change and move.  

Are you ready to make your move? Here at HOMM Real Estate Services, we are Helping Others Make Moves every day. We understand the market place, use proven methods and state-of-the-art technology to thoughtfully plan and prepare your home to sell. We’re ready, are you?

 

HOMM Real Estate Services, located in the Brandon, Florida area of Tampa-Bay focused to Hillsborough, Pasco, and Polk Counties. As a full-service general real estate company, we specialize in general real estate, home buyers, home sellers, new home construction, rentals, tenants and landlords, and property management.

Learn more about Marie Negron, her team and HOMM Real Estate Services. Call 813-684-5954 or email info.hommsales@gmail.com to get started.

 

Posted by Marie Negron, Owner on July 19th, 2019 7:10 PM

 Whether you’re buying or selling your home, either task can be extremely stressful. Doing both at the same time seems extremely overwhelming and a little nuts, but it is possible to do both. The good news is that people buy and sell in tandem all the time. With a few simple tricks and tips, both buying and selling can be a seamless process.

Tricks and tips on buying and selling at the same time 

First stop: Decluttering now, not later. It’s everyone’s nightmare to move with things they don’t need to. Why wait until closing to get rid of the stuff you’ve been meaning to for years? Use listing your home as a motivation to finally take those donations to Goodwill. It’s easier for potential buyers to see themselves in the space if they aren’t distracted by the old recliner you haven’t had the time to deal with.

Secondly, start the move early. Before you even list your home for sale, why not start packing? Pack up personal items, unnecessary clutter, and excess furniture and move them to storage. Your Christmas tree doesn’t need to stay in the hall closet and your fancy kitchen gadgets don’t need to clutter up the counter. Only keeping essential items out allows your space to look bigger and neater. 

In terms of buying, work closely with your agent to map out your needs and wants. Focus to your preferred, home size, price point and specific needs Have your agent prepare your showings selectively, thus ensuring you see the homes that suit your needs.

 

Next, set up a timeline with selling and buying requirements. Even more importantly, make sure your agent, or agents, understand the timeline and requirements. There are many standard contingencies in buying in selling that can either protect you from owning two homes at once. Moreover, the purchase of your new home may rest on successfully closing on your current one. Having an educated and professional agent can prevent any surprises along the way. At HOMM Real Estate Services, we have a team of top-notch professionals, who have served the Tampa Bay area for over 100 combined years. Since each sale is different, we’ll know how to handle any curve balls that come your way. 

 

Also, get the whole family involved. Making a moving plan and helping out are what families are for! If you organize all the moving parts, it’s easier to handle any unforeseen circumstances. Keeping to a plan also helps you feel less overwhelmed. Create excitement around the move by giving everyone a specific and important (to them) task. With everyone on the same page, you can avoid any drama when it comes down to the crunch time of moving. 

 

Lastly, remain as calm as you can be. You can only do so much when it comes to buying and selling. Having a HOMM agent in your corner can allow you to put your feet up because, in our business, we know exactly how to make the moves. We are Helping Others Make Moves every day.

 

HOMM Real Estate Services, located in the Brandon, Florida area of Tampa-Bay focused to Hillsborough, Pasco, and Polk Counties. As a full-service general real estate company, we specialize in general real estate, home buyers, home sellers, new home construction, rentals, tenants and landlords, and property management.

 

Learn more about Marie Negron, her team and HOMM Real Estate Services. Call 813-684-5954 or email info.hommsales@gmail.com to get started.

 

Posted by Marie Negron, Owner on June 26th, 2019 2:48 PM


6 Home Buying Myths
Buying a home often seems daunting. Even after buying your first home, the process can still be overwhelming. There is so much information available to you, you’re often left wondering what’s true, what’s a myth, and who is it you can turn to help you parse through it? We’re here to break down some common misconceptions about buying a home.

MYTHS

Step one is finding the right house

We totally understand why this myth is so popular. You’ve decided to make your move and the first thing on your mind is obviously going to be where you will eventually lay your head every night, make new memories, and plant your roots. While home shopping is the ultimate goal, you should start by meeting with a lender to figure out your financial options. If you don’t know your spending power you may actually miss out on the right house for you. You’d be surprised to learn the right house could be larger or more expensive while still being within your budget.

You have to have perfect credit to buy a home

While perfect credit is ideal, and more often will give you more financing options, we recognize not everyone has the most ideal credit. The truth is that there are many loan options available, which still offer good interest rates. It’s a matter of taking your time, doing your research, and working with an expert mortgage professional to figure out what loan is best.

You need a down payment of 20%

A 20% down payment can seem like a steep cost, especially if you’re a first-time home buyer.  Luckily, FHA has you covered for that with loan options that include financing for as low as 3.5% down. There are other programs, like the VA for service members, that have smaller options than 20% down. However, even without FHA and VA loans, there are options. For more of the nitty-gritty, check out one of our previous blog posts on the matter.

Schools don’t matter if you don’t have kids

Whether you have children or not, schools are an important factor when it comes to home value. The location of your home, as well as your neighborhood, are vital aspects of the cost of your house. If you decide to move on to another home, a good school system can make for an easy sell.

New homes don’t need a home inspection

Just because something is new, doesn’t mean it’s immune to problems. Home inspections help protect you from existing or potential issues. Getting a licensed professional to complete an inspection will reassure your decision to buy a home and save you money in the long run.  

 

You don’t need an agent

Agents know the market, which is critical when it comes to getting the best value for your budget. They also have the necessary experience you need when it comes to buying and selling houses; they can see things that you might overlook. Moreover, their knowledge base extends out past just houses for sale. Agents can help you find solutions to common hiccups, explain customary charges, and can go to bat for you when it comes to negotiations. Think of a real estate agent as your GPS system. Yes, you can get from point A to point B without it, but why would you want to?

 

Buying a home is one of the most important decisions, financial and otherwise, you’ll make in your lifetime. The house you buy will become a home filled with wonderful memories. Take your time to fully understand the process and learn from the professionals. Even better, work with a professional. HOMM Real Estate Services is here to take the weight of buying a home off your shoulders. We have all the tools to help you buy the right home that is within your budget, so you can lay your head down every night knowing you got the best deal myth-free.

 

HOMM Real Estate Services, located in the Brandon, Florida area of Tampa-Bay focused to Hillsborough, Pasco, and Polk Counties. As a full-service general real estate company, we specialize in general real estate, home buyers, home sellers, new home construction, rentals, tenants and landlords, and property management.

 

Learn more about Marie Negron, her team and HOMM Real Estate Services. Call 813-684-5954 or email info.hommsales@gmail.com to get started.

 


Posted by Marie Negron, Owner on April 30th, 2019 2:46 PM

Since leaving the comfort and confines of your parents’ home you have been known to rest your head in a freshman dorm, or couch-surfed or you’ve lived in a variety of rental digs. Now you need a more permanent place and there’s no way you’re going back “home”.  Now you’re finally ready to make the move. The big move into home ownership.

 

Home ownership is a huge decision and for first-time buyers it can be both daunting and overwhelming.  It appears, at first glance, somewhat unachievable. A common question is, “How on earth can I pull together the funds for a typical 20% down payment?”  Sometimes, it’s a case of not knowing who you should speak with and what you need to ask. Well, let us give you some insight and dispel some misconceptions. Then, we can help you find the right home and the right person for financing your new home.

CREDIT OR CASH

We all know that today’s tightened lending guidelines means you can’t buy a home with just a promise and signature. It’s clear you need to have some form of down payment, or is it?  And how much do you actually need? Must you always find 20% down? The answer might surprise you; there are many ways to buy a home with less than 20% down payment.

 

Research from the National Association of REALTORS® proved that needing a 20% down payment simply isn’t true. It’s a misconception that is impeding homebuyers. Rather, it’s your credit rating that has more significance than how much (or little) cash you may have on hand.

OPTIONS

Listed here are some common programs to review, but this is just a sampling. It’s not a one-size-fits-all scenario. You need to speak with a lender as they often have more flexibility with in-house personalized programs. HOMM Real Estate Services can connect you with a local lender that can find the right financing option that makes the most sense for you.  

  • 0% Down – There are still two loan programs which allow one to buy a home for no down payment; the VA loan and the USDA loan. The VA loan requires the borrower to be a qualified service person or veteran and the USDA loan is for certain areas under the Department of Agriculture.
  • 5% Down – Conventional loans with loan limits can allow one to buy a home with as little as 5% down. These loans do have PMI (Private mortgage insurance) which can be eliminated when the loan amount falls below the 20% threshold.
  • 3 ½ % Down – FHA offers first time home buyers a good home loan for only 3.5% down payment. Again, these loans have loan limits and PMI but offer a faster entry into the housing market.

ASSISTANCE

In addition to the zero and low-down payment loan options, did you know there are down payment assistance programs available to qualified home buyers? And, these are not just for first-time home buyers.

While HOMM Real Estate Services is not a lender, we can help you find out if you are eligible for any of the down payment assistance programs. Click here to get started.

GIFTS AND GRANTS

In certain circumstances, buyers may be able to apply monies gifted to them from their parents or other family members. “Gifted monies” are identified as such if you are not required to repay the money to the donor. Most lenders will allow gift money to be applied to the down payment; provided you meet all required rules for the type of loan. For instance, the FHA 3.5% down payment can be 100% gifted money, whereas other loans require you to put down some form of down payment yourself.

NEXT MOVE

Reach out to HOMM Real Estate Services! Making the move into home ownership is achievable. And since it doesn’t always mean a 20% down payment, maybe the move isn’t quite as big as you originally thought.  Let HOMM Real Estate Services help you find the perfect place for you and connect you with a lender to discuss your options.

 

HOMM Real Estate Services, located in the Brandon, Florida area of Tampa-Bay focused to Hillsborough, Pasco, and Polk Counties. As a full-service general real estate company, we specialize in general real estate, home buyers, home sellers, new home construction, rentals, tenants and landlords, and property management. Learn more about Marie Negron, her team and HOMM Real Estate Services. Call 813-684-5954 or email info.hommsales@gmail.com to get started.




Posted by Marie Negron, Owner on December 31st, 2018 1:19 PM

WE WANT IT ALL

Entering the housing market for the first time can be a huge move – no pun intended.  Buying a new home is an especially hefty move – pun fully intended this time.  Whatever your reason for buying; whether it be to find a larger home, down-size, relocate, move to a condo or single-family home or invest in a new property, it’s important to recognize the difference between desires and needs.

It’s no secret that everyone wants it all!  We all love the idea of the “perfect” home on the “perfect” street in the “perfect” neighborhood with the “perfect” school district and at the “perfect” price.  If only buying a home could be that ideal.

While your perfect home is certainly out there, it may come with a few compromises.

GOIN

G THE DISTANCE

The old cliché “LOCATION, LOCATION, LOCATION” isn’t dead yet.  It’s still a major factor for most home buyers, but consider other factors before making your decision.

Good school districts, for instance, are desirable even if you aren’t worried about the closest bus stop.  Schools continue to be one of the most important factors for resale and in turn when deciding on location.

You’ll also want to consider your commute time.  Is your top pick the farthest away from your place of employment?  Weigh up the pros and cons.  The location may not be the most desirable, but the home may be worth the distance if it meets your other needs.

IS BIGGER ALWAYS BETTER?

We all have a pretty good idea of what we want in a home: bedrooms, bathrooms, garage and yard size.  However, it’s a smart move to evaluate the size of the home against what you need and what you want.  You may find that biggest isn’t always best.

There’s a valid difference between wanting square footage and needing the right kind of spaces.  Beware: square footage can be deceiving when compared to a well-designed and efficient floor plan with fewer wasted spaces.

A large, growing family may benefit from several bedrooms, but may find a home where a large open-concept kitchen-family room and a separate bonus room are more conducive to their living needs.

Notwithstanding the trend toward tiny home living, it’s clear today’s buyers desire to have different choices, freedoms and flexibility.  For many, a smaller home far outweighs the needs for storage, home-maintenance and overall large living.

WEEKEND WARRIOR

For some, it’s a romantic notion to remodel or renovate a home. While inspiring, take note that the DIY and makeover shows have a crew of countless professionals and volunteers. They are all feverishly hustling behind the scenes to complete a remodel within the allotted 60-minute air time.  In reality, despite the undeniable charm and beauty, there is a litany of concerns and issues involved in purchasing an older home.  When considering a remodel, determine if you’re willing to give up many future weekends to complete the project before making that decision.

BUYING POWER

Before you start this huge move, you should know what you can afford.  Speak with a mortgage professional, your financial advisor or bank.  You can also contact an agent at HOMM Real Estate Services.  Crunch some numbers with the HOMM Real Estate Services mortgage calculators or if you’re renting, compare your payments here.

HOMM Real Estate Services, located in the Brandon, Florida area of Tampa-Bay focused to Hillsborough, Pasco, and Polk Counties. As a full-service general real estate company, we specialize in general real estate, home buyers, home sellers, new home construction, rentals, tenants and landlords, and property management.

Learn more about Marie Negron, her team and HOMM Real Estate Services. Call 813-684-5954 or email info.hommsales@gmail.com to get started.

 

Posted by Marie Negron, Owner on October 19th, 2018 3:55 PM

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