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?

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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.

 

Selling A Home In Spring Hill Fl During The Fall Season Can Be A Great Idea

 

Selling A Home in Spring Hill FL Can be a Fall Success Story

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Whenever a home lingers on the market, the likeliest two culprits are either a price that’s too high to be competitive, or a home that’s not in top showing condition. If you were unsuccessful in selling your home in Spring Hill FL this summer, it would be particularly disappointing given the strength of the selling season. The NAR reports that in July alone, sales of existing homes jumped 17.2% compared with July 2012. At the same time, some sellers reported the reappearance of multiple offers.
The good news for home owners in Spring Hill FL? Selling your home in the fall or winter is not as difficult as most people commonly assume. In fact, selling your home in Spring Hill FL during the coming months can offer certain benefits. In what many people assume is an “off season,” fewer homes are on the market — less competition. At the same time, buyers in these seasons tend to be more serious about buying, add to that the return of Snow Birds to Spring Hill and you have yourself a perfect selling opportunity.

 

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Thinking of Selling A Spring Hill FL Home? Find Out What It’s Worth For Free With Agent Trust Realty

Pricing is almost always the overriding issue. Home values haven’t fully recovered from the peaks registered before the residential housing crash. Nationally, median prices are on the rise…but even so, they are still well below the high water marks reached in 2006. If you bought or appraised your home in 2004 – 2006, you might have to set your asking price lower than the number you heard then. Selling your home quickly might depend on it.
Showing condition matters, too. Selling a home is different from living in it. To be competitive with the other local homes for sale, the property should be spotless for every showing. Removing excess furniture, art, and personal items such as family photos or trophies is important for creating a home that appears spacious and airy. It also lets buyers more easily imagine their own families living in your home.
Don’t let the lack of a summer sale discourage you. When you set your asking price correctly and provide an immaculate showing environment, you’ll give yourself a strong chance of selling your home in Spring Hill FL during the cooler weather months. If you would like to talk strategy, call us today for a Free in-home assessment!

Realtors In Spring Hill FL

Spring Hill Realtors

 

 

Call Tina Fingerman

727-946-2348 Cell

352-688-7022 Office

 

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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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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