You are currently browsing the category archive for the ‘Real Estate’ category.

7. Kitchen3

1766 Maryland Ave NE, St Petersburg, Florida

When a homeowner decides to sell their house, the number one thing that they want is, of course, the best possible price!! Right? Next, is that they want the least amount of problems to receive this price. Most sellers don’t realize all of the steps required to reach their goal. Marketing is more than sticking a sign in the yard, placing an add on Craig’s list or posting some photos on Facebook. Does the seller know how to stage the house to show it’s best appeal to the most buyers? Is the seller willing to answer phone calls 24/7, literally? Yes, at 2 in the morning when a buyer is searching the Internet! Does the seller know if the buyer is a serious buyer with their mortgage in place or are they pre-approved? In order to know all of these things & much more, a seller really needs to hire a real estate professional.

Technology has changed the buyer’s behavior during the home buying process. According to the National Association of Realtors’ 2016 Profile of Home Buyers & Sellers, the percentage of buyers who used the internet in their home search increased to 94%. However, the report also shows that 96% of buyers who used the internet when searching for homes purchased their homes through either a real estate agent/broker or from a builder or builder’s agent. Only 2% bought their homes directly from a seller that they didn’t know. Most of the buyers who bought homes directly from sellers (For Sale By Owner) still used a Realtor to represent them. Buyers start their search for a home online but then depend on an agent to find the home they will buy (50%), to negotiate the terms of the sale (47%) & price (36%), or to help understand the process (61%). There is so much information out there, either through the Internet or family & friends that more buyers are now reaching out to real estate professionals to help them through the very complicated process. The percentage of buyers who have used agents to buy their homes has steadily increased from 69% in 2001.


Sooooo, if you are thinking of selling your home, don’t underestimate the role a real estate professional can play in the process. The vast majority of buyers have realized that they actually need a Realtor in order to purchase their new home correctly. The laws regarding real estate change constantly & a professional Realtor will know the latest requirements & forms, as well as have a much larger audience with which to present your home in the best light.

NEW YORK – Feb. 8, 2017 – Women, on average, earn less than their male counterparts, but single females buy homes at more than twice the rate of men.

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=1&id=348220

In 2016, single women accounted for 17 percent of homebuyers in the last year compared to just 7 percent of single men, according to the National Association of Realtors® (NAR). The housing gender gap has existed for a while, but it continues to widen for a variety of reasons, according to Jessica Lautz, NAR’s managing director of survey research and communications.

For one, single women are more likely to be parenting on their own than single men; as such, they may be more likely to seek stable housing for their children. In 2011, there were 8.6 million single-mother households and only 2.6 million single-father households, according to the Pew Research Center.

“If you have children, it’s definitely going to play a role in where you’re thinking of living and how,” Lautz says. “And a mortgage can provide financial security. I think women, even with lower incomes, want a place where they can have roots and really own a place. The psychological desire to do that is great.”

And, despite cultural assumptions about women’s desire for marriage, single women without kids are more likely to be drawn to “singledom” lifestyles than men are, says Bella DePaulo, author of “Singled Out” and a professor at the University of California at Santa Barbara.

“Some research suggests that single women are especially unlikely to be lonely – again, contrary to our stereotypes,” DePaulo told Bloomberg. “Buying a home is a way of living your single life fully, rather than seeing your single years as just marking time until you find ‘the one.'”

The wage gap may still play a part in the house hunt, however. Single women tend to buy their first homes at an older age than men – 34 years old compared with 31, according to NAR research. They also tend to buy in a lower average price at a median $173,000 compared to $190,600.

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=1&id=348220

Source: “Why Single Women Are Buying Homes at Twice the Rate of Single Men,” Bloomberg (Jan. 31, 2017)

© Copyright 2017 INFORMATION, INC. Bethesda, MD (301) 215-4688

Are you a REALTOR who deals with international real estate and want to build “global” business skills? Then you need to attend this class!

Please join us on Thursday, February 2nd from 8:30 to noon.

You will learn from two international real estate experts on these subjects:

1. Opportunities for International Networking and Marketing Properties – Tami Simms, Coastal Property Group
* Understanding the importance of international buyers
* Resources for networking with international agents
* Where to market internationally
* How to market properties effectively to international buyers

2. Working with International Buyers and Sellers with a focus on the Asian market – Jiayin Liao, Bailey Glasser Law Firm
* Learn how to help Asians realize their dreams of a cross-border lifestyle
* Learn how to keep up with the latest information on both sides of the border and work together to determine the best course of action
* Become familiar with cross-border issues whether they are related to language, culture, law or just plain common sense.

Image may contain: 2 people, people smiling, text

June 2016 Visit my Website | AnnalisaWeller1@gmail.com
Pinellas Realtor Organization
Neighborhood Advocates Initiative
Flood Programs (Campaign #6 / 6.17.16)

Here’s an opportunity for homeowners in Pinellas County to reduce their flood insurance premiums. Many homeowners with flood insurance unknowingly pay higher rates for flood insurance than they have to.

There are many factors to consider when generating a flood insurance policy and its rates, and sometimes mistakes or miscalculations are made. These two events will give you the opportunity to hear about new changes to flood insurance. Afterwards, flood insurance evaluation professionals will sit with homeowners, one-on-one, to evaluate their policies.

On July 11 and July 12 you’ll have the opportunity to have your flood insurance policy evaluated with the possibility of a rate decrease. The first event is at the Pinellas Realtor Organization, 4590 Ulmerton Road in Clearwater. The second event is at the Tarpon Springs Community Center, 400 S Walton Ave in Tarpon Springs. Both events begin at 6:00pm with a general session, the individual meetings starting at 6:30pm.

Here are some questions worth noting:

  • How Do I RSVP? Email stpete@yourfloodrisk.com for the event in Clearwater or tarpon@yourfloodrisk.com, or call 856.723.3666 for both events.
  • Who is conducting the seminar? A company called Flood Risk Evaluator with the support of the Pinellas Realtor Organization and the Florida Association for Insurance Reform.
  • What is the cost? The entire event and evaluation is FREE. The only cost is possibly the overage you are paying for your current flood insurance policy!
  • What do I need to bring with me? You MUST have your elevation certificate and current flood insurance policy with you.

These issues have the potential to affect you and our local economy, so I thought that you might want to know about it. If you ever have questions, you can email me at AnnalisaWeller1@gmail.com or call me at 727-804-6566. Thank you so much.

© 2016 Pinellas Realtor Organization

An associate of mine is offering this 3 bedroom 1940’s block home on 1/3 acre for sale in St Pete Beach. Please contact me if you are interested or you know someone who might be interested in owning this rare large lot home.

 

 

Capture

Home For Sale Real Estate Sign and Beautiful New House.

  • 1/87 SLIDES © Andy Dean/iStockphoto/Getty Images

How Much A Home Cost the Year You Were Born

People love telling stories about how a home purchased years ago for next to nothing is today worth hundreds of thousands of dollars or more. Truth is, those tales might be overestimating real estate as an investment. While a house bought in 1930 for around $6,000 may be worth roughly $195,000 today, when adjusted for inflation, the appreciation is not as impressive as it seems. Since 1930, inflation-adjusted home values have increased by a modest 127%, or less than 1% each year.

24/7 Wall St. reviewed real estate data from the Case-Shiller Home Price Index and the U.S. Census Bureau. According to research conducted by economist Robert Shiller, major increases in real estate values took place over two distinct periods: the post-World War II housing boom, and the subprime housing bubble leading up to the 2007-09 recession. Outside of these spikes, national home prices have remained relatively stable.

Several factors after World War II, during the first major increase in home prices, drove up housing demand. Government rationing during the war had caused a limited supply of homes, and the 1944 G.I Bill, which subsidized home purchases for millions of soldiers, further increased demand. While the construction of new homes increased considerably at this time, it was still outpaced by demand, and home values spiked.

Unlike the housing bubble that occurred 60 years later, the post-war housing boom stabilized. By the late 1940s, the national median home price had plateaued around $130,000, where it would remain roughly unchanged for the rest of the century.

Another housing boom began in the early 2000s. Easy access to credit, favorable tax policy, low mortgage interest rates, and an increased enthusiasm for homeownership drove up demand for housing. The homeownership rate peaked at 69.0% in 2004, up significantly from 47.8% in 1930. When many of these homeowners could not afford to pay their mortgages, foreclosures spiked and home prices plummeted.

Outside of those two periods, housing prices have been fairly stable. Regional markets, however, have been more volatile. A number of major U.S. cities experienced regional booms in the 1970s and 1980s.

Other features of the American housing market have changed over time. The population has become more urban, shifting from 56.1% of Americans living in an urban environment in 1930 to 80.7% in 2010. The size of homes have increased too. Between 1973 and 2014, the size of a typical home increased by 65.3%, from 1,505 square feet to 2,488.

There is little consensus among economists as to what drives home price fluctuations over time. Factors such as construction costs and mortgage interest rates are often considered major drivers. However, the relationship between these factors and home value is far from clear. Home prices may not change primarily on the basis of these forces, according to Shiller.

To identify home values in each year, 24/7 Wall St. reviewed historical housing data published by Robert J. Shiller as an appendix to his book Irrational Exuberance. The home price index was matched with the median home value data from the U.S. Census Bureau’s 2014 American Community Survey (ACS) to determine the median home value for every year since 1930. Homeownership rates, the size of a home measured in square feet, and the percentage of people living in urban or rural areas, also came from the U.S. Census Bureau. Disposable income per capita for each year since 1930 came from the Bureau of Economic Analysis (BEA).

This is what a home cost from 1930 to 2015. http://www.msn.com/en-us/money/realestate/how-much-a-home-cost-the-year-you-were-born

 

Please join us for the 5th Annual Global Real Estate Symposium. This year’s speakers include Susan Poskus, CPA with Poskus Roberge, Jean Maday the National Association of Realtors Director of Commercial Real Estate and Don Gonzalez, Attorney.

Learn about tax issues and commercial impact on our local market. If you attend the Foreign Investment in Real Property for Immigration Purposes session, you will also earn 3 hours of CE CREDIT. 

Sooooo…Spend the day with us learning & networking. Lunch, light appetizers, wine, beer & door prizes (must be present to win).  Meet some of PRO’s Affiliate Business Partners as well. Sounds good, doesn’t it?

Please register on the Pinellas Realtor Organization’s website : http://pinellasrealtor.org/  under Upcoming Events or Education calendar, either will get you to registration.

We would love to see you there!!

5th Annual Global Symposium

IMG_2323

See what’s happening in St Petersburg, Florida’s Old Northeast neighborhood and downtown St Pete by checking out the latest issues of the St. Petersburg’s Northeast Journal . There are articles on local events, people, history, real estate, the arts, restaurants and much more. The journal is bi-monthly and has been published since 2004.

http://northeastjournal.org/wp-content/uploads/2016/01/NEJ-Jan-Feb-2016-WEB.pdf

http://northeastjournal.org/wp-content/uploads/2015/11/NEJ-Nov-Dec-2015-WEB.pdf

IMG_3014

One of the perks of being a Realtor in the Clearwater Beach-St Petersburg area is the view on your way to and from work. The other day I had a home inspection on a lovely waterfront condo in Dunedin. Yes, it took over an hour’s drive to get there but oh, how gorgeous was the scenery once I arrived. By the way, the temperature was 74 degrees and sunny with a nice breeze. Not bad for December. Ah, life can be so good!! Thank you.

IMG_3015

In June 2015, REALTORS® were by and large “strongly confident” about the outlook over the next six months compared to a year ago, according to the June 2015 REALTORS® Confidence Index Survey Report.[1]

The maps show the REALTOR® Confidence Index Six-Month Outlook across property types by state.[2] In the case of single-family homes, all states registered an index greater than 50, which means that the number of respondents who had a “strong” outlook outnumbered those with “weak” outlook. Despite the drop in oil prices, the real estate market remained “very strong” in states with significant oil/shale industries such as North Dakota, Texas, Alaska, and Oklahoma where the indices were above 75.

In the case of townhomes and condominiums, the outlook over the next six months was “very strong” in Colorado, Wyoming, and Nebraska. The outlook for home buying activity for condominiums and townhomes was “strong” in California, Oregon, and Washington where technology-related jobs have been growing robustly. REALTORS® continued to have “strong” outlook in Texas despite the slump in oil prices. In Virginia and West Virginia, the levels of confidence were broadly “moderate.” Among all property types, the condominium market is the weakest, with REALTORS® reporting about condominium financing issues for both FHA-insured and the GSE-backed loans.[3]

sf outlookth outlookcondo outlook


[1] Respondents were asked “What are your expectations for the housing market over the next six months compared to the current state of the market in the neighborhood(s) or area(s) where you make most of your sales?”

[2] The market outlook for each state is based on data for the last three months to increase the observations for each state. Small states such as AK, ND, SD, MT, VT, WY, WV, DE, and D.C. may have less than 30 observations.

[3] FHA and the GSEs have financing eligibility criteria  relating to ownership occupancy requirements, delinquent dues, project approval process, and use for commercial space. See the Statement of NAR Submitted for the Record to the Senate Committee Housing and Banking Affairs on December 9, 2014 at http://www.ksefocus.com/billdatabase/clientfiles/172/1/2180.pdf

Annalisa Weller, Realtor®, Certified International Property Specialist

(727) 804-6566
AnnalisaWeller1@gmail.com

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 288 other followers

List of Categories

Monthly archive of my posts

RSS PROView-Pinellas Realtor Organization

  • Affiliate member donates portion of sales to USO May 23, 2017
    In honor of National Military Appreciation Month and National Moving Month, northAmerican Van Lines, which Affiliate Member First Class Moving Systems is a part of, is supporting America’s military by donating $100 to the USO for each move booked through northAmerican.com/uso until Dec. 31, 2017, up to $100,000. “northAmerican Van Lines and its agent family […]
    PROView
  • Katie Shotts promoted to Chief Operating Officer May 15, 2017
    Katie Shotts, QAS, e-PRO, joined the staff of the Pinellas REALTOR® Organization in April of 2015 as the Director of Broker Relations. In that role she was the liaison between the association and the Broker members. She also trained members on REALTORS® Property Resource, pioneered many groundbreaking projects such as the PROFarm marketing program and PROCoa […]
    PROView
  • REALTOR Brand is Big Winner at St. Anthony’s Tri May 13, 2017
    May 15, 2017- The REALTOR “R” could be seen all over Straub and Vinoy Parks April 28 – 30 as PRO’s Gold Sponsorship of St. Anthony’s Triathlon came to life. Light poles in Downtown St. Petersburg sported banners with the REALTOR logo, and fencing up around Straub Park along Beach Drive repeated the “R” every […]
    PROView
  • ‘Welcome’ to all our new members who joined us in April May 2, 2017
    The Pinellas REALTOR® Organization would like to welcome all of our new REALTORS® that joined us in April! We are happy to have you as a part of our organization and wish you much success in your careers. Joel Bridges Barkett Realty Jacob C. Unger Barkett Realty Nancy  Fessler Beach Place One Real Estate Christye […]
    PROView
  • ActiveKEY Discontinuation April 19, 2017
    ActiveKEYs work on a cellular network that is currently being phased out – they simply won’t function after it has been completely diminished.  In order to keep pace with the current technology, PRO will discontinue the support of ActiveKEYs. Members who currently have an ActiveKEY will need to turn it in to PRO and switch […]
    PROView

Visit Me at Active Rain