First-Time Home Buyers in Spring Hill FL Have a Familiar Question

Spring Hill FL First Time Home Buyers– Get Help Cutting Through The Economic Haze

 

4 Bedroom Home For Sale in Spring Hill Fl

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Spring Hill FL first-time home buyers in 2014 are faced with a question that hasn’t changed for generations: is it more practical to buy right now, or to continue to rent?
Over the past few years, buying has been the easy choice. Nationally, in 2013 it cost 35% less to own a home than to rent according to that year’s study by real estate website Trulia. That despite rising house prices and mortgage rates. But that was last year, and the experts have been pretty unanimous in predicting that interest rates will continue to rise—ending up somewhere near 5.5% by 2014’s end (per the National Association of REALTORS®). In the face of higher interest rates and house price tags, will 2014 be the year when renting becomes more affordable than buying?
While first-time home buyers in Spring Hill FL are faced with increasing house prices and mortgage rates, renters also find another national trend: higher rents. Rents have been on the rise for the past few years, with continued increases expected throughout 2014. According to Axiometrics, the folks with the latest data, apartment rents are on course to rise by 3.04% in 2014. Research firm Reis puts the expected rise at 3.15%— and both say the causes are the potent combination of tight supply and rising demand. Whenever the economy improves, each incremental gain puts even more pressure on rents—which acts as an offset to any financial benefits of renting versus owning.
Where does that leave our typical Spring Hill FL first-time home buyers?

Mortgage Loans Tampa FL

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Most recently, national averages show it is still about 21% cheaper to own rather than rent. According to the Trulia study, by fall of last year, the earliest tipping point at which it would have become more expensive to own rather than rent would have been expected to occur if interest rates hit 6.2%—but only in Spring Hill FL—and only if rents had remained fixed (which didn’t happen, even in Hernando County). Nationally, out here in the real world, Tulia admitted “mortgage rates will not tip the housing market in favor of renting over buying until rates hit 10.5%…”

Spring Hill FL first-time home buyers can be a bit more confident as they take in one more piece of information from the real world of April 2014 (no matter what the experts predicted): over the past few weeks, national mortgage interest rates have been edging down instead of rising! That may well change direction again (probably will), but for now at least, I have to say that it’s a pretty clear call in the spring of 2014: time to get pre-approved and find the perfect home in Spring Hill FL or the surrounding Hernando County Real Estate markets!

Spring Hill Florida Mortgage Rates Might Rise A Little, But What’s It Mean?

 

 

Will Home Values Fall if Spring Hill FL Mortgage Rates Rise A Little Further?

 

 

Right now, mortgage rates in Spring Hill FL (as in the rest of the nation) are higher than they’ve been for 15 months—a trend that’s likely to continue. We have to wonder about the impact higher Spring Hill Florida mortgage rates will have on Hernando county home sales in the coming year.

 

First, some perspective. If mortgage rates do increase in 2014, it’s no ‘done deal’ that home buyers will be put off—nor that a wave of foreclosures will follow. The reason? By past standards, interest rates will still be low, even at the 5½% predicted by the N.A.R. Any hike in mortgage interest rates are coming off the historical 3.52% set in the spring of 2013. Consider: most of us were paying mortgage rates between 7 – 8% throughout the 1990’s! 5½% looks like a fire sale compared with those.

 

Factor Two: surprisingly, a projected rise in interest rates is not predicted to dampen the enthusiasm for acquiring property. The Mortgage Bankers Association predicts that home sales will increase nationally by 10% in 2014. I have no doubt that some Spring Hill first time homebuyers could be waylaid by rising interest rates—after all, a 1% increase in mortgage rates equates to approximately a 10% rise in monthly payments. But overall, buyers who can meet the current lending standards should still be able to afford to own. Given the cost of the renting alternative, they may decide they can’t afford to pass up the right house at the right price.

 

Additionally, there is a strong argument that the principal effect of rising interest rates is less likely to be on Spring Hill Florida home sales than on refis. The Mortgage Bankers Association predicts that refinancing demand will drop by half in 2014 (when you chart that kind of number, it looks like a cliff!). Many homeowners will already have locked in last year’s interest, so they certainly won’t be interested.

 

Any drying up of the refinancing business may have yet another effect. There could be a follow-on effect as lenders start loosening their lending criteria to attract new business. First time buyers that have been locked out of the market until then may (we are now two after-effects later, so this has to be a ‘may’) find themselves suddenly eligible for a home loan.

Given the healthier economy and falling unemployment, the outlook for the Spring Hill Florida housing market in 2014 has reason to look positive.

Thinking of buying a home in Hernando County and want to shop the best mortgage companies in Spring Hill FL? Now’s the time to call me to discuss timing!

 

Steve Fingerman

President

E Loans Mortgage Inc

4117 Mariner Blvd.

Spring Hill FL, 34609

NMLS# 856640

 

Office 352-688-7949

Cell 727-946-0904

 

Spring Florida Real Estate- Multiple Offers Are Back!

Beating Competitors When Multiple Offers Surface On Spring Hill FL Real Estate Listings

 

Agent Trust Part of the recovery in Spring Hill FL real estate scene is the increasing likelihood of multiple offers on a listed property. This is every seller’s dream— but if you are one of the bidders, it’s important that you don’t allow it to become your nightmare.

There is one way— the only sure way—to keep the specter of competing Spring Hill FL multiple offers from upsetting your home buying prospects. Summed up in one word, it’s “preparation.”

Preparation starts with assembling a strong financial package. If your target property attracts multiple offers, you want yours to stand out. By the time you learn that other offers are at hand, it’s probably already too late to begin putting together documents—they should be in hand before you even identify a property. Getting pre-approval for your loan, having a letter that says so, and being able to show you have funds available can be persuasive.

When it comes to making the offer itself, although including “Subject to” clauses will protect you from unforeseen problems with the property, when multiple offers are on the table, the fewer contingencies the better. Again, only preparation will make this reasonable. If you’ve had an advance home inspection, and also made sure that there aren’t any right-of-way or easement issues, your offer can be significantly more attractive.Lake In The Woods

Personal preparation can be another positive. Visiting the property on several occasions at different times of the day should give you added confidence for what the home is truly worth to you…and when the listing agent and owner can put a face to your offer, it tends to strengthen its validity.

When multiple offers on a Spring Hill FL property occur, it’s possible that someone is going to bid more than the home is really worth. If you’ve done thorough research and know precisely what its value is in today’s market, that won’t be you. Having your bottom line number unshakably in mind means that in any bidding war, you’ll be able to sweeten your offer without hesitation. You can be creative, perhaps by offering to reduce the seller’s costs by picking up escrow fees, transfer fees or title policies; perhaps by offering the seller a few additional days to move without seeking financial compensation in return; perhaps by increasing the down payment or earnest money. When you know your bottom line, the arithmetic is uncomplicated (and your less-prepared competitors are more likely to throw up their hands!)

Agent TrustAnd then…should the bidding go over what you know it’s worth, you’ll be ready to walk away. There will be other properties to bid for – and we are always here to help keep all your options open!

4 Bedroom Homes For Sale In Spring Hill Fl

4 Bedroom Home For Sale in Spring Hill Fl

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Looking for a 4 Bedroom Home for sale in Spring Hill FL? We just made the search easier for you. Check out the 4 bedroom homes available for sale in Spring Hill FL all here on one easy to navigate page.

 

Spring Hill FL Real Estate Values: No Kidding Around!

Spring Hill FL Real Estate Values: No Kidding Around!
Comps are Real Estate Values’ Incomparable Tool

Spring Hill Florida Real Estate Values — They’re All Related

Whenever you hear that a neighbor’s house is on the market, the same question flashes through nearly every homeowner’s mind: how much are they asking?

 

Spring Hill FL Real Estate Listings

Spring Hill FL

 

 

That’s because of the nature of residential markets: our own homes’ real estate values (in fact, all Spring Hill FL real estate values) are connected with one another, and that asking price is an estimate of the current state of affairs. It has to be reasonable in order to attract the attention of serious buyers — but if it’s too reasonable, on closing day the seller will walk away with a lighter bank account than necessary.

Real estate values in Spring Hill FL are determined in large part by what other similar homes have recently sold for. These comparable sales show what a real world bank was willing to lend, and how many dollars a real life buyer was willing to pay. “Comps” are to real estate values what the Dow Jones is to securities: a trustworthy reality check, no kidding around.
How ‘comparable’ a comp is depends on a number of factors to be taken into account:
• The structure
• Condition
• Amenities
• Location
• Neighborhood
The structure of a comp sale will have similar square footage, number of bedrooms, etc. Its condition is a value judgment best made by professional appraisers. Amenities can include everything from upgrades in a development to added features like central air conditioning or a Jacuzzi. And location means a great deal (is it in a high crime area?) — as does the similar but more precise neighborhood (are the neighbors taking care of their yards? Are the schools first-rate?).

Realtors In Spring Hill FL

Spring Hill FL Realtors

Ultimately, when determining real estate values for Hernando County homes, appraisers take into account much more than just the house itself. That’s why when you set out to find a home for your family it’s important to look beyond the physical facets of the house alone: should you later decide to sell it, the whole host of factors will come into play. Whether you are buying or selling a home in Spring Hill FL this fall, contact us today for a pricing evaluation.

 

Tina Fingerman

Agent Trust Realty

www.agenttrusthernando.com

727-946-2348

Buying A House In Spring Hill Florida- Use Local Market Awareness

 

Bargain-Hunters Find a Hernando County Real Estate Market That Isn’t Waiting

Buyer Beware: Strategies That Get You Nowhere

 

Spring Hill Florida Real EstateAnyone who is buying a house in Spring Hill Florida — or even just checking up on the market — is likely to find that some of the rules of the game seem to have shifted. Particularly anyone expecting to be deluged by the kind of amazing deals being offered in 2008 and 2009 should see what I mean.

As the latest housing statistics continue to paint an upbeat picture, at least when it comes to bargain-priced properties, the days of multiple bids and ‘offers over asking’ are back.  If you are weighing the advantages of buying a house in Spring Hill Florida before interest rates and prices rise in earnest, it should be useful to take a look at some strategies that work — and some that virtually never work:

1)                  Blanket Low-balling – Running around writing up a bunch of low-ball offers is a surefire way to get yourself ignored, or worse, miss out on an otherwise great property. A better approach?  Work with a knowledgeable agent whose expertise in area neighborhoods will allow you to check on the most recent comps, then write a serious offer.

2)                  Dismissing Imperfect Properties – The degree of your success in buying a house in Spring Hill Florida can depend on starting out with a reality check: only very rarely is a property totally perfect for you and priced absolutely right.

3)                  Highest and Best – Unfortunately, the tempting low prices listed for some Hernando County Real Estate bank-owned homes also means that it’s increasingly common to encounter the dreaded “multiple offer situation.”  If you find yourself there, be prepared to submit your highest and best offer first — you may not have another shot.

Spring Hill FL Real Estate

Homes For Sale In Hernando County

This changing market doesn’t mean we are headed into the kind of fever-induced ‘bubble’ we saw in the mid- 2000’s.  But for those seeking a deal and waiting for the bottom of the market before buying a house in Spring Hill Florida, the market does not seem to be waiting. 2013 is clearly the time to jump in!

Tina Fingerman

Agent Trust Realty

727-946-2348 Cell

352-688-7022 Office

3 Bedroom 3 Bath Courtyard Pool Home For Sale: Silverthorn Golf Course Community

5112 SECRETARIAT RUN
Brooksville, FL 34609
3 Bedroom 3 Bath Pool Home In Spring Hill FL

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Tina Fingerman

Licensed Realtor

Office: 352-688-7022
Mobile: 727-946-2348
Website: Visit Website

Price : $259,900
Bedrooms : 3
Bathrooms : 3
Square Foot : 2,466
Lot Size : 0
County : Hernando
Property Type : Detached
Year Built : 1996
MLS Number : 2140624
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Property Description
WOW, incredible Courtyard pool home in Silverthorn. Not A Short Sale And Not A Foreclosure. Home has been remodeled and is light bright and very airy. Nice open floor plan, step inside to your own private courtyard where the entire home is built around the pool. Features: separate cabana bedroom which can be used as a private guest house or your own private office or sanctuary. Large vaulted ceilings, split plan, fireplace are just some of the many features of this custom built home. Nothing to do here but move in and hang your cloths! Community includes club house with Jr. Olympic pool, Golf, Fitness Center, and Tennis Courts located in the prestigious Silverthorn Golf Course Community.
Features List
  • Gated Community
  • Golf Course
  • Community Pool
  • Tennis Courts
  • Fitness Center
  • Club House
Equal Housing Opportunity.
Agent Trust Realty :
4117 Mariner Blvd –
Spring Hill
FL
34609
: 352-688-7022

Hernando County Realtor® Plays Watchful Role in Appraisals

What A Good Spring Hill Florida Realtor Should Do®  – Take Control At Appraisal Time

 Hernando County Realtors®  Should Keep Active During Appraisals

 

Hernando County Homes For Sale

Spring Hill Florida

It may be a fundamental element in nearly two-thirds of every residential real estate transaction, yet when you think about buying or selling a Hernando County home, it’s not likely to be your major focus. Important though it may be, for most people, the appraisal process seems like a mere formality. After all, haven’t the seller and buyer already agreed to the deal? What’s left to do, other than dot the I’s and cross the T’s?

Of course, if you are a cash buyer, you can choose to skip the appraisal altogether. If so, congrats – you are ready to buy as soon as you find the right property! But for the rest of us, if a loan is involved, so too is the lender’s appraisal – or appraisals.  Yet many real estate agents are not a part of this element.

The entire transaction hinges upon its success because the lender needs assurance that the property has at least the agreed value. If the home doesn’t comp out, the bank will not fund the loan.

When it comes to the appraisal, I will admit to being one Realtor who favors the proactive approach. One way to help assure the right outcome at appraisal time is for your Realtor to meet the appraiser at the property — armed with a package of comparables that support the agreed-upon price. Most appraisers may have uncovered the same comps already, but that’s not always the case. If my seller has completed upgrades or improvements, I also like to bring proof to help justify a higher price. Making the appraiser’s job easier is an important part of a Realtor’s job.

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Search MLS Listings In Spring Hill Florida

As a trusted Realtor in Spring Hill Florida, I’ve found that taking an active role during appraisal is an important way to protect my client’s interests. It’s a commitment I make to help insure that each and every closing finishes as planned.

If this winter finds you looking for a Hernando County Realtor who will be by your side from start to finish — drop me an email, or give me a call!

 

 

Tina Fingerman Realtor

Looking For A Great Realtor In Spring Hill FL?  Call Tina Fingerman Today!

 

 

 

Tina Fingerman

Agent Trust Realty

727-946-2348 Cell

                                                  352-688-7022 Office

www.AgentTrustHernando.com

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Search The MLS In Spring Hill FL – See The Trend In Hernando County Real Estate

Shift in Features Reveal Spring Hill FL  Homebuyer Trends

MLS Listings Tell Shift in Hernando County Homebuyer Values

Check Spring Hill FL MLS Listings To Discover Value Shift

 

ATR-Selling-Hernando-1725The latest indications that we have seen the end of the sagging real estate market have started some Hernando County homeowners thinking it may be time to sell. For those who are wondering if the long recession has altered how people look for homes – and if so, in what ways  – we’ve noticed a couple of new trends.

As before, the first stop for most potential buyers is the Spring Hill FL MLS listings. When you compare the language and features most prominent there, huge changes do not leap out. But a comparison with former language does reveal something of a shift in emphasis: many details that highlight opulence (to some, excess) are being replaced by features much more in tune with practicality and efficiency (to some, frugality). You would expect that, since consumer confidence is still less than robust.

The trend to open floor plans is nothing new: fewer walls; more living is an idea many buyers embrace. The more casual “great room” is almost always more desirable to today’s buyer than the formal living and dining rooms of 30 years ago. e-harp-family

As the baby-boomer generation grows older, issues of accessibility and mobility become more important.  Spring Hill FL  MLS listings that boast easy-access showers, baths, bedrooms and kitchens are highly desired and sought after by buyers in that populous group. Such listings signal a home already equipped for easy access — meaning no extra dollars will be needed for retrofitting the property. Even for those who have no immediate need for those features, eliminating a future expense (even if it seems a distant concern) can be attractive.

Prominence is growing for features that relate to extra living space. The demographic reasons are clear: in-law apartments or bachelor studios have added value for families whose children may have to move back in with them (the “boomerang” effect).  Since such units may be rented for extra income in tough times, they bring an added element of financial security.  Large garages fall into this category as well (but no longer for that brand-new Hummer!)  Today’s MLS listings featuring an extra large garage are viewed as desirable by Spring Hill FL  buyers looking to convert it into extra useable space: man-cave, gym, extra storage, or, increasingly, home office space.

Agent Trust Side 202-134-HernandoToday’s homebuyer seems considerably more environmentally conscious than heretofore. Homes that feature solar panels, green toilets or other water-efficient plumbing, and radiant light windows are increasingly desirable. This may be due to growing social responsibility — but I’d bet that reduced utility bills can’t be far behind. As a result, green technology features are working their way up in Spring Hill FL MLS listings.

If you are looking to buy or sell a home in Hernando County and would like to review where the latest trends point, do give me a call!  As always, I’m here for all your real estate needs,

Don’t Overdo Your Hernando County Open House

When It’s To Have An Open House In Spring Hill FL, Don’t Overdo!

Hernando County Open House Time is Teamwork Time

Spring Hill Florida Real Estate

According to the best estimate, something like 45% of home buyers use an open house viewing before making their purchase decision. I think that sounds about right – it might even be higher here in Spring Hill Florida. With such a high proportion of serious prospects choosing to drop by an open house, it’s important that we – client and agent — get it right. Under-preparing is seldom an issue: we all want to put our best foot forward when we invite the public into our home.

Yet while it may be tempting to go into overdrive for that preparation, overdoing it can be a problem, too – one that can actually turn off buyers. Some guidelines worth noting:

·         Avoid Information Overload.  It’s common practice to set out a few brochures or pamphlets that let potential buyers know something about the area. But if your flier presentation looks like it belongs in the Florida Tourist Welcome Center, or you’ve put together a local restaurant guide that comes off like a comprehensive college prospectus, your buyer may not have enough time to focus on the home while there.

·         Don’t Kill the Mood. Like many agents, I like to try to set a certain ambiance for potential buyers attending an open house. Yet I also know that when a potential buyer walks through a Spring Hill FL home, he or she needs to be able to project a personal image of the future onto it. In practice, this means that soft music is nice — top 40 is too much.  Subtle and neutral details are a plus: too much color or too many photos can be overkill.  To cater to all demographics, be sure the house is clean and uncluttered — as minimalistic as practical.

·         Keep Refreshments to a Minimum. Ensuring that potential buyers feel comfortable in your open house is the goal, so you and your agent need to draw a line between hosting a mini-buffet and being gracious but businesslike hosts.  You want to provide pleasant and positive refreshments, but an elaborate spread taking over the kitchen and wafting all variety of aromas through the house is distracting. I’ve always been a fan of the classic cheese and crackers display (though I’ve sometimes found it appropriate to add a cookbook propped open to bring to emphasize an especially well thought-out kitchen design).

When you plan your own Spring Hill FL open house, you and your agent should make the most of the strong points of your offering – being careful not to upstage them. Call me anytime if you are looking for one of those kinds of agents. I am one who will be your strong partner from the moment you list until the last closing doc is signed!

Hernando County Real Estate

Tina Fingerman

Agent Trust Realty

4117 Mariner Blvd

Spring Hill FL, 34609

352-688-7022 Office

727-946-2348 Direct