HOMM Real Estate Services Blog


One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging. Here’s a look at what some experts have to say about key areas that will power the industry and the economy forward this year.

Mortgage Purchase Originations: Joel Kan, Associate Vice President of Economic and Industry Forecasting, Mortgage Bankers Association

“The recovery in housing is happening faster than expected. We anticipated a drop off in Q3. But, we don’t think that’s the case anymore. We revised our Q3 numbers higher. Before, we predicted a 2 percent decline in purchase originations in 2020, now we think there will be 2 percent growth this year."

Home Sales: Lawrence Yun, Chief Economist, National Association of Realtors

“Sales completed in May reflect contract signings in March and April – during the strictest times of the pandemic lock down and hence the cyclical low point...Home sales will surely rise in the upcoming months with the economy reopening, and could even surpass one-year-ago figures in the second half of the year.”

Inventory: George Ratiu, Senior Economist, realtor.com

“We can project that the next few months will see a slow-yet-steady improvement in new inventory...we projected a stepped improvement for the May through August months, followed by a return to historical trend for the September through December time frame."

Mortgage Rates: Freddie Mac

“Going forward, we forecast the 30-year fixed-rate mortgage to remain low, falling to a yearly average of 3.4% in 2020 and 3.2% in 2021.”

New Construction: Doug Duncan, Chief Economist, Fannie Mae

“The weaker-than-expected single-family starts number may be a matter of timing, as single-family permits jumped by a stronger 11.9 percent. In addition, the number of authorized single-family units not yet started rose 5.4 percent to the second-highest level since 2008. This suggests that a significant acceleration in new construction will likely occur.”


Bottom Line

The experts are optimistic about the second half of the year. If you paused your 2020 real estate plans this spring, and now you're ready to get moving, connect with us today. We're here Helping Others Make Moves.


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 16th, 2020 6:17 PM


In the current challenging climate, you might expect homebuying to halt, or at least slow down, along with other businesses. However, mortgage rates had other plans and now homebuyers do too. According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase; and homeowners looking for eager buyers can take advantage of this opportune time to sell as well.

There’s a very positive outlook on interest rates going forward, as the projections from the FreddieMac report indicate continued lows into 2021:

“Going forward, we forecast the 30-year fixed-rate mortgage to remain low, falling to a yearly average of 3.4% in 2020 and 3.2% in 2021.”

With mortgage rates hovering at such compelling places, ongoing buyer interest is bound to keep driving the housing market forward. Rates also reached another record low last week, so homebuyers are in what FreddieMac is identifying as the buying mood:

“While the rebound in the economy is uneven, one segment that is exhibiting strength is the housing market. Purchase demand activity is up over twenty percent from a year ago, the highest since January 2009. Mortgage rates have hit another record low due to declining inflationary pressures, putting many homebuyers in the buying mood. However, it will be difficult to sustain the momentum in demand as unsold inventory was at near record lows coming into the pandemic and it has only dropped since then.”

There’s no doubt that even though buyers are ready to purchase, it’s hard for many of them to find a home to buy today. Mortgage rates aren’t the only thing hovering near all-time lows; homes available for sale are too. With housing inventory as scarce as it is today – a nearly 20% year-over-year decline in available homes to purchase – keeping buyers in the purchasing mood may be tough if they can’t find a home to buy.  

(See graph below): 


What does this mean for buyers?

Competition is hot with so few homes available for purchase and low mortgage rates are helping to drive affordability as well. Unsure where to begin? HOMM Real Estate Services can help. We can refer you to our favorite lenders to get the pre-approval process started. Having pre-approval will help you gain a competitive advantage and accelerate the homebuying process, so you’re ready to go when you find that perfect home you’d like to buy. Moreover, talk to a real estate agent ASAP. Even if you’re not fully ready to buy tomorrow, hiring a real estate agent to start the process of looking will make it easier to make the jump when your perfect house is on the market. Working quickly and efficiently with a trusted real estate professional will help put you in a position to act fast when you’re ready to make your move.

What does this mean for sellers?

If you’re thinking of selling your house, know that the motivation for buyers to purchase right now is as high as ever with rates where they are today. With such few competition, exemplified in the graph above, your house will stand out to buyers and rise higher to the top of the list. Homebuyers are clearly in the mood to buy, and with HOMM Real Estate Services’ safety guidelines and precautions in place to show your house, confidence is also on your side. 

Bottom Line

Whether you’re looking to buy or sell, there’s great motivation to be in the housing market, especially with mortgage rates hovering at this historic all-time low. Let’s connect today so HOMM Real Estate Services can help you make moves. 


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 15th, 2020 8:30 PM



Now, more than ever, technology is necessary for every area of life, even in real estate. Twenty years ago, if someone were moving across the country, they'd have to wait to buy a house until they arrived to start their new life, or they’d have to buy a home without seeing it in person beforehand. Both options would cause extra unwanted stress on top of moving to an unfamiliar place. Six months ago, you could head to open houses every weekend, bring a friend along to get their opinion and tour multiple homes in one day. With the current global health issue, the standard aspects of home buying have evolved, relying heavily on technology. Don’t panic though, if you are looking for a new home in the Brandon, Tampa area, virtual tours are here for the viewing and to save the day.

Creating a virtual tour can seem daunting at first. Your real estate agent will be there to guide you through the entire process. An agent may help to schedule a videographer to come to your house, ensuring all necessary safety measures are taken, or utilize software like Matterport, Tour Wizard or My360 to create a virtual tour of their own that can be added to the listing. Real estate agents can also use FaceTime or other apps to give their customers a tour of a house that doesn't include a virtual tour of the listing. 

What can you do to prepare? There are a few key ways that will make your home look as brilliant on-screen as it does in real life. Start by turning on all the lights in your home and opening the blinds or window coverings. You'll need optimal lighting to get the best footage, so your REALTOR® will most likely schedule filming in the morning or late afternoon. Much like every home ready to go to market, you will need to clean your house and remove all clutter and furniture you don’t want to be caught on video. It may make sense to rearrange furnishings and accessories for a clear path for filming. The greatest benefit of virtual touring, other than maintaining social distancing, is that you only have to keep your home in tour mode for a couple of hours; instead of having to frantically straighten up every time a buyer might swing by your home. Now, your home lives online in its best state.

Once the virtual tour of your house has been edited, it'll be ready to show potential buyers. Your real estate agent will show you the final footage and add it to your listing. Anyone interested in taking a virtual tour can easily watch it online to get a good idea of what to expect in person. 

Selling your home during these uncertain times might seem challenging, but the real estate world is still turning. People are still moving and buying homes. Buyers know what they want; and seeing a virtual tour; instead of, and in addition to, photos, can solidify how serious they are about your home.  With HOMM Real Estate services, we can make sure your virtual tour looks great and your home sells quickly.

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 May 29th, 2020 12:36 AM





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



Did You Remember to Budget for Closing Costs?

Buying a home is one of the largest financial transactions most people make in a lifetime. If it’s your first time buying a home, you might not realize that homeowners have to pay for more than just the price tag on the house. In addition to saving for the down payment, there are many other costs associated with buying a home; home inspections, appraisals and escrow fees are considered closing costs and are out of pocket costs to both buyer and seller. When financing the home, there are additional lender fees as well.  Planning for these fees is paramount in buying a home. You don’t want to find your dream home and realize you’re out of budget, solely because of closing costs. We suggest you work with a knowledgeable real estate professional. Especially if you are looking to buy a home in the Brandon or Tampa area; the experts at HOMM Real Estate Services can help you navigate through your financing, expenses and closing costs.

What are Closing Costs?

Closing costs are typically out of pocket costs associated with buying or selling, a home. There are application fees, escrow fees, inspection fees and those are just the first few. Zillow has a comprehensive list of most of the fees you can expect, along with explanations. Not every home purchase necessitates every fee, but you want to be aware of what you’re walking into.  

How should I pay for Closing Costs? 

The Nerd Wallet suggests that the best way to pay for closing costs is out of pocket, instead of folding it into your loan. Some loan programs will allow you to “finance” most of these costs by adding the cost to the loan balance. It’s important to remember that the home must still appraise for the additional value and not all programs allow you to do this, plus you’ll be paying interest on closing costs for the duration of your loan. Your best bet is to save for your down payment and closing costs before you start home shopping. Planning for the extra costs will save you hassle and stress, especially since there will be no surprises.

How much should I plan for?

Nationally, closing costs range between 3-7% of a home’s purchase price. In Florida, the market is a little different. Currently (Feb 2020), the closing costs you can expect are roughly 1.89%-2.76% before taxes. Florida, like any state, has its own set of unique fees and taxes. Make sure to plan for the higher end, especially since the housing market tends to fluctuate.   

How will I know the exact closing costs? 

The full list of closing costs involved in your specific property sale will be outlined on a form called the Good Faith Estimate (GFE). This will be provided only once you have entered the settlement/escrow period. It will disclose costs associated with concluding the transaction. You can expect to see items related to loan fees and costs, appraisal, title insurance, transfer fees, processing and recording fees, hazard insurance and property tax costs among many others.

If you are considering a home purchase, it’s time to speak with a local expert to get a full understanding of the costs associated with buying a home. HOMM Real Estate Services uses their expertise in the Tampa, Florida market to help you plan for closing costs. They can also connect you with lenders that will properly outline your options. In this way, you can ensure you have saved what you need so you’re one step closer to closing on your dream home.

 

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 March 5th, 2020 11:41 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



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


Search the Internet

We use the internet for just about everything. From recipes to how-to videos to even asking Alexa or Siri the weather; we live in the information age. The internet offers advice on just about every topic imaginable and real estate is no exception. You’re even reading this blog via the internet! More and more home buyers are starting their home search online and it can be easy to think you can learn everything from a few Google searches. While the web has plenty of resources to help with your home search, there is a simple truth that the internet cannot replace your agent.   

 

The reality is that your real estate agent does so much more than answer your questions and open doors with a particular key. The real estate profession has been around for a long time and no technological developments can make expertise obsolete. A professional real estate agent will be there every single step of the way. The right agent for you has the background knowledge you need, but more importantly the experience necessary to navigate the complicated home buying process and solve any common hiccups that come up regularly in the home buying process. Not to mention, having seen many hiccups before, they solve problems quickly, with no internet search needed.

No substitution

Just like Alexa cannot be a substitute for real human connection, the internet cannot have the same connections that your real estate agent does. Your real estate agent is a local professional. They’ll start by presenting themselves to buyer’s agents as someone who will work with them to see the transaction through to a successful conclusion for all parties involved. Think about it, your real estate agent has made a career out of closing deals. Moreover, Realtors® have a network of local professionals who understand the market to work as a team to help you through the process. These include such professionals as: lenders, title reps, escrow officers, transaction coordinators, home inspectors, contractors, and handymen, among others.

Ally

Most importantly, your agent is your ally and point person in the home buying process. They negotiate on your behalf – armed with experience and understanding of customary charges, costs, and terms. They will ensure that the price you pay for the home is fair for the condition and neighborhood. They will negotiate repairs, if needed, and make sure you are protected with the proper contingencies. Your agent has your best interests in mind and will make sure every aspect of your home buying process runs smoothly and efficiently.

The Internet is great for many things from Pinterest inspiration for fixing your phone to even read up on the real estate market in your town. While the web offers lots of great information, the most important step you can take when buying a new home is hiring a local professional real estate agent. Their knowledge and expertise can’t be found by reading an article or two online.

 

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 27th, 2019 10:19 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


We understand there are several reasons for selling your home. Most of the time we see that our sellers are looking to start the next chapter of their lives. A growing family needing a larger home with more living space, a new career opportunity, financial reasons necessitating a move, or empty-nesters deciding to downsize. Whatever your reason is, once you’ve made the decision, you will want to sell it today and move tomorrow.

Yet, after several months of having your home sit on the market, there is nothing more disheartening than to have no offers. You’ve gone through the exhaustive efforts to not only prepare for sale, but the emotional stress of keeping your home show-ready and then the listing expires. Every home seller’s worst nightmare.

THE TRUTH

The truth is, in almost every scenario, the number one reason why a listing doesn’t sell and eventually expires is…price.  There may be other factors contributing to no sale, but typically it is down to price. Even the most run-down properties will receive offers if priced at the right point. Plus, for those moving with time constraints and/or financial issues, there is always an acceptable market-driven price that meets both the seller’s and buyer’s requirements.

THE MYTH

So, what happens when your home is overpriced? When a home is newly listed, there is an immediate excitement and interest. Agents flock to the open house and line up their buyers for showings. Buyers will also see the sign, receive email alerts from agents or see the on-line listing, and will be hounding their agent to arrange an appointment to view your home. You receive a few early offers. Yet, it is still for sale. Then it quickly dwindles to no activity and ultimately no offers. You’ve lost the new-on-the-market appeal and people are starting to question, “Is there something wrong with the house?” In the end, an over-priced house gets overlooked and the listing becomes stale. Eventually it expires and all because you are waiting for an asking-price offer.

THE SCIENCE

Pricing your home to sell is both an art and a science.

The science comes from the facts. Market fact checks: a thorough Comparative Market Analysis (CMA), location, proximity to schools and amenities, condition of your home and area and so on. These are the facts that determine a pricing strategy.

THE ART

The art comes from the experience of the REALTOR®. Your agent should instinctively know how to decipher the facts, translate the data into a meaningful listing and marketing strategy for you to SELL your home. They know to listen to the showing agent’s feedback. Most agents are very candid with their feedback, which comes from both their professional experiences as well as the response from their buyers.

Your home is unique and you need a tailored experience to sell it. The HOMM Real Estate Services team takes their specific expertise to create a marketing plan that evaluates both your needs and the current selling market. Our team has an array of expertise, making sure we have agents as unique as you. 

Oftentimes, it takes the right REALTOR® to figure out the selling price that will work best and get your home SOLD. With HOMM Real Estate Services, suddenly the goal of selling today and moving tomorrow is much more achievable.

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 emailinfo.hommsales@gmail.com to get started.

 




Posted by Marie Negron, Owner on March 5th, 2019 3:52 PM

The holiday season is in full swing and with the excitement of decorating, eating delicious home-cooked meals, and seeing friends and family, comes the not-so-exciting reality of hosting in a home you’re no longer in love with. Here are some signs it might be time to the move to a home better suited to fit your needs.

#1 You can’t get to or find your holiday decorations.

It’s finally time to deck the halls! Now you have to gather up your favorite holiday decorations. Are they in the tiny attic that needs a rickety ladder to access? Under the bed in the guest room or the top shelf of the hall closet? No, that’s what is in those plastic bins in the garage stacked to almost toppling… you think! Instead of decorating as a family one Sunday afternoon, you spend the first week of the holiday season hunting down where you hid your décor. Rather than having to store the décor in any and every possible space in your home – or for those apartment-living who may be using disposable decorations because you have no spare spaces, take time at the start of the New Year to look at home with ample storage and an attic with a drop-down ladder access and maybe even a hobby room where you could unravel your Christmas lights in comfort.

#2 Your neighborhood curbs the bright lights.

You want to be the home that everyone drives by to be awed by the bright lights of Santa and his reindeer, Mr. and Mrs. Snow, the North Pole Penguin family and enough lights to be seen from the International Space Station. One problem, the Homeowners Association Grinch is about to blow a fuse and impose a blackout. Time to move to another neighborhood where you can have the best and brightest yard on the block and celebrate like a star!  

#3 Your kitchen just isn’t cooking up the holiday spirit

Big family dinners should be a time of excitement and celebration, not an episode of cutthroat kitchen. If your small oven is making you choose between pie and stuffing, you’re forced to microwave the turkey, (which you can do, according to Butterball) and you keep trying to figure out a way to make more counter space, but always end up with the same amount (not enough), you might be trying to make something work that can’t. Buying a new home with a large kitchen island, up-to-date appliances, ample prep and serving surfaces doesn’t have to be a dream. It’s really very possible to find a kitchen where you can prepare, cook, serve every big festive meal AND the dessert and hors d’oeuvres.  Then, you can have your pie and stuffing and eat it too! 

#4 There’s no room for the whole family.

Arguably the best thing about the holiday season is gathering the entire family. The dining table has the leaf added, the card table and folding garden table and chairs are set up, but the lack of space means you have to open the sliding glass doors and the head of the table, Grandpa, is physically seated out on the lanai. Not to mention that the kids aren’t just at another table, the table is in another room altogether. What’s the point of all coming together if you are forced to separate just so everyone gets a seat? Instead of banishing family members to the outdoors, consider how to upgrade your eating arrangements with a dining room to accommodate everyone. Holiday gatherings around the table create the greatest of memories, it’s time for the youngest, and everyone in-between, to hear and enjoy the amazing stories the family elders have to tell.

#5 Too many cars, not enough carolers

There’s nothing like holiday cheer to unite people, especially among neighbors. Whether it’s enjoying each other’s lawn displays or sharing Christmas cookies. And while your neighbor’s ugly sweater party is filled with festive cheer, it makes it almost impossible to park on your street. Not to mention the fact that the holiday cheer stays inside. You miss the old days of familiar faces singing door to door.  A change of scenery means you can find the type of community you can sing alongside. 

#6 You simply don’t want to host anymore

Like the turkey, you’re done! You’ve paid your dues! As your kids have left and started nests of their own, it’s time to let the younger generation take over. The new memories you make in their homes will become just as important as the old ones. Plus, downsizing allows you to choose what’s most important to take with you and what you need to pass on or just leave behind. You can fully embrace the start of a new life in a new environment.

New Year New Home

Consider giving yourself the present you actually want, a new home with all the bells and whistles you deserve and need to really enjoy being home for the holidays.

HOMM Real Estate Services can help you find exactly what you want on your wish list, no holiday magic needed.

 

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 November 27th, 2018 7:41 PM

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