Lance Mohr & Team

Tampa2Enjoy.com

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Lance Mohr & Team

Tampa2Enjoy.com

(813) 317-4009

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Lakefront Property In Tampa, FL – Water Skiing Lake

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Water ski lake in Land O Lakes, FL

Why buy someone else's home when you can have your Dream Home build?

Outlaw Lake Estates is a 37 Lot Gated Luxury Estate Subdivision with a private water skiing lake * This quaint community offers privacy and tranquility, as well as entertainment for the boating enthusiasts * The community borders a 40± acre ski lake with a community boat ramp – Private docks are allowed * Estate lots range from ±1.11 to ±2.89 acres * Choose your builder or we can recommend a great builder * 2,400+/- SF minimum living area for single story homes and 2,800 SF minimum living area for 2 story * If you are looking for a quiet lakefront community that allows water skiing you’ve found the right place * Come see Outlaw Lake Estates today!

Click here to view all 16 lots for sale: http://bit.ly/1iD5Nsd

Renters Are Getting The Shaft From Their Hedge Fund Landlords

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Wall street picture from Deposit Photos - konstantin32 #1060076With so many renters getting ignored by their hedge fund landlords it would be wise for them to start know their rights as a tenant. As a landlord of over 18 years I can tell you that most states have very strict guidelines of what a landlord can and cannot do. If the landlord keeps crossing this line they are going to pay a hefty price. If you know anyone who is going to be renting a home they need to read below.

Here's What Happens When Wall Street Builds A Rental Empire
“There's no escaping the stench of raw sewage in Mindy Culpepper's Atlanta-area rental home. The odor greets her before she turns into her driveway each evening as she returns from work. It's there when she prepares dinner, and only diminishes when she and her husband hunker down in their bedroom, where they now eat their meals.

For the $1,225 a month she pays for the three-bedroom house in the quiet suburb of Lilburn, Culpepper thinks it isn't too much to expect that her landlord, Colony American Homes, make the necessary plumbing repairs to eliminate the smell. But her complaints have gone unanswered, she said. Short of buying a plane ticket to visit the company's office in Scottsdale, Ariz., she is out of ideas.

Most rental houses in the U.S. are owned by individuals, or small, local businesses. Culpepper's landlord is part of a new breed: a Wall Street-backed investment company with billions of dollars at its disposal. Over the past two years, Colony American and its two biggest competitors, Invitation Homes and American Homes 4 Rent, have spent more than $12 billion buying and renovating at least 75,000 homes in order to rent them out.”

Good video on hedge funds buying up homes in Atlanta, GA

 

Renters need to understand how is renting the home to them and by all means get familiar with your rights as a tenant in the state you live in.

If you have any questions about real estate in Tampa Bay please get in touch with me by going to my website Tampa2Enjoy.

Florida Housing Market Improves During Last Months of 2012

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There is encouraging news about an upsurge in home sales. Summer Greene, 2012 Florida Realtors President, states that Florida’s real estate market has retrieved its ‘sizzle’. Credit for the hot market is due to things like the shortage of for-sale homes.

The regional manager for Fort Lauderdale’s Better Homes and Gardens Real Estate Florida 1st, Greene is in a position to observe market trends. More jobs and a better economy are bolstering consumer confidence for 2013. Mortgage rates are expected to remain low.

The Chief Economist for Florida Realtors, Dr. Jon Tuccillo, endorsed the optimistic outlook. Growth in home prices is the result of a solid recovery in real estate in Tampa Bay and other parts of Florida. Average prices have soared, resulting in actual marketplace appreciation. that impacts median prices, which usually would be less as investors take on the lower end of the market inventory.

Freddie Mac reports the average interest rate dropped from 3.99 percent in November 2011 to 3.35 percent for November 2012 on a 30-year fixed-rate mortgage. The overall savings that result led to an increase in Florida’s housing market pending and closed sales, as well as average and median prices. Florida Realtors reports a noticeable reduction in the inventory of condos and homes for sale during the final months of 2012.

According to industry analysts, a balanced market between sellers and buyers features a 5.5 month supply. November 2012 inventory statistics for Florida single-family homes showed a supply for 5.1 months. Townhome and condo properties also reported a lower amount, with a 5.3 month’s supply.

Statewide sales of townhomes and condos are up 18.3 percent from November 2011. November 2012 registered the monthly sale of 8,079 units across Florida. Pending sales, which are signed contracts that have not been closed or completed, have increased 30 percent when compared to townhome-condos statistics for November 2011. Although lower than the national condo median price reported by the National Association of Realtors (NAR) for October 2012, the $112,000 Florida townhome-condo median reflects a 23.1 increase from last year.

Single-family existing homes statewide have a median sales price of $150,000. That represents an increase of 11.2 percent in the year from November 2011. In the same amount of time, pending sales show a 45.8 percent increase. Median prices across the nation include California ($341,370), New York ($209,000) and Massachusetts ($287,000). As of October 2012, the national median sales price raised 10.9 percent to $178,700.

Data from 10K Research and Marketing as well as Florida Realtors Industry Data and Analysis, showed 17,072 existing single-family homes sales closed statewide in November. That is an increase of almost 25 percent in just one year. Once the sales contract was written, closing generally took between 30 and 90 days.

Median prices reflect the midpoint. Half of the sold homes are less than that amount, while the remaining half represents a higher sale price. Factors affecting the median price in Florida and nationwide include discounted prices for distressed properties and foreclosure sales. Those prices are typically less than that of a well-kept, traditional home.

For more information on Tampa Bay home prices please visit http://www.tampa2enjoy.com.

Foreclosure Properties Are Still a Valid Housing Option

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Foreclosure Properties Are Still a Valid Housing Option

Recent sales of foreclosure properties in Tampa, Florida show a decline in those sales. One reason is the increase in price and another has to do with other homes being placed on the market. Empty homes tend to lose the sparkle possessed by those that are occupied.

Think about model homes that are shown with beautiful comfortable furniture, quality draperies and matching appliances. Buyers tend to select based on what they see. It is easy to be swayed by an enticing example.

Just because a home has sat empty for awhile does not mean it has been neglected. There are foreclosed homes in fairly good condition on the market, but they are few and far between. As the holiday season approaches, people traveling to this area will visit neighborhoods to see friends and family. Local businesses, especially boutiques and restaurants, are gathering points. If those guests are considering the purchase of Tampa homes, an empty home is easier to move into.

Home sales are closing faster as all parties involved are anxious to get deals completed before the end of the year. The luxury of bidding wars and long, drawn out negotiations will hamper that goal. Buyers must come to the table qualified for a loan or holding ready cash. The bank must know its bottom line and be ready to act.

A qualified local Realtor is an invaluable asset. Awareness of current market conditions and special considerations for different areas helps a prospective buyer find the right home. In some cases, the story behind the house is part of the information. Being able to pull down any liens or other data about interesting homes helps narrow the list of homes to view.

If the foreclosure home is a starter home for you, think ahead to resale value. Look at the other homes in neighborhoods you are considering. Is curb appeal present? Find out about the crime rate and the schools. What local facilities are available for families and for senior citizens? Homeowners are reverting back to the old tradition of getting a home with the intent to remain for life. If that is your mindset, this is a great area to select.

Outdoor Tampa, Florida-Off the Beaten Path–On the Wild Side

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Tampa, Florida offers some of the most fun that you'll have anywhere. Whether you're visiting Tampa, or are planning a move to Tampa, the outdoor entertainment is something that can't be missed.

Tampa, Florida is well known for the night life and the theater, as well as the many different city-style amenities that you can find in the area. What many people don't experience is Tampa off the beaten path. This is where Tampa area excels. Things to do off the beaten path in Tampa will literally amaze and delight you. From wildlife parks to whitewater canoing you're going to love what Tampa has to offer you. Exploring just a few of the things you can find off the beaten path in Tampa, local residents offer these:

Hillsborough River State Park

Just slightly Northeast of Tampa, Florida, near the town of Thonotoassa, you'll find an area that was formerly home to Fort Foster during what was known as the Seminole war. If you're a canoe fan or love whitewater rafting, this is an area that you simply can't miss.

The park in Hillsborough has some class II river rapids as well as more than seven miles of nature trails available for you to hike. Hillsborough State Park is an amazing side of Tampa, Florida that many people, even residents, don't take the time to see. It shows you a wilder side of the Tampa urban area, offering you real outdoor entertainment of a wilder variety, but within hailing distance of downtown Tampa.

You'll get some great views of the area, including turtles, alligators, and beautiful oak trees that are literally dripping with Spanish moss. Take the time to go out to Hillsborough River and check out a wilder view of Tampa. To get to Hillsborough State Park, use the I-4 east to get to 310 North. You can rent a canoe, and there are also places to swim as well as to camp if you want to spend more than a day in the park.

HoneyMoon Island

Just west of Dunedin, you'll find a little gem known as Honeymoon Island State Park. Unspoiled white sand beaches and gorgeous clear waters are waiting for you at Honeymoon Island. Swimming and sunning, as well as hiking and beachcombing for sand dollars and conch shells are all activities that you can accomplish here. Laze in the sunshine while watching the birds and wildlife around you. If you are looking for a day in the sun to relax and unwind, Honeymoon Island has all that and more. From Tampa, take the US 60 to Clearwater and then US 19 to Dunedin.
These are just two examples of finding a little wilderness in the suburban areas of Tampa, Florida. For the Tampa resident, these areas are simply gold particularly in light of the amazing night life and amenities that Tampa has to offer you. Off the beaten path in Tampa is well worth exploring.

Changes for the Better Regarding Foreclosures

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image of foreclosure signThe rumble about reductions in foreclosures in Tampa, FL has been going around for a few months and recent figures from CoreLogic support that news. While there were 75,000 completed foreclosures in the United States for August 2011, the national total for August 2012 was only 57,000.

On a state level, Florida was second (California earned first place) in completed foreclosures, with nearly 12 percent of the those in the nation from August 2011 through 2012. The foreclosure inventory for the state, which includes any mortgaged home in some part of foreclosure, fell just slightly over one percent in that 12-month period.

According to records, there has been a drop of completed foreclosures from May through August. An extensive loan modification program had some influence, as homeowners qualified for lower interest and lower payments. That allowed them to retain their property and build more equity, since more of the payment goes towards the principal. In addition, some properties qualified for a reduction of principal if payments were made timely, another reason to make payments timely.

There is still the option of a short sale, as well as buyers with cash or ready financing to get the home of their choice.

Florida had the highest foreclosure inventory at 11 percent of all mortgaged homes, followed by New Jersey at 6.5 percent. That is yet another reason for those looking at bank-owned properties in Tampa and the area around it to act as soon as possible. The bargains are still available, but the numbers are dropping. Of course, that is a good sign for the current homeowner and hopefully the trend will continue.

Enjoy the Wonder of Tampa Waterfront Homes

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picture of waterfront homeHave you been thinking about how enjoyable it would be to live on waterfront property? Anytime people consider that type of property, even Tampa waterfront real estate, as a possible location for a residence, it is important to know why being near the water's edge is important to your lifestyle. Tampa is the hub of the area that makes up Tampa Bay, which covers quite a bit of territory in Pinellas, Hillsborough and Manatee counties. The ocean waters, lake, marshes and rivers such as the Hillsborough, Manatee, and Alafia, host a variety of homes and property with the benefit of the shore and the water.

The most important reason to work with a local qualified Realtor when searching for waterfront property is because that person is familiar with any issues or concerns regarding that property. If you explain what you are looking for, he or she will know which properties suit your needs. A Realtor is also a viable resource for what you, as a future home owner, need to know about the area in which you wish to live.

The Definition of Waterfront Real Estate
Waterfront real estate consists of many definitions. It usually involves a higher sale value because it is more in demand and refers to a structure adjacent to water, such as a lake or bay. it can describe that part of a city or town near the edge of the water, such as a pier or wharf. A certain amount of land can exist between the water and the property line and still have it declared waterfront property.

The ocean, bays, rivers and large creeks, lakes and ponds all deliver the idea of waterfront, but the actual delivery must be seen in person. In the Tampa area, you have the opportunity to live in a house or condominium with a great view of the Gulf of Mexico. Additionally, your home might be built near the waterways that lead to the Gulf. Created and natural lakes offer waterfront property in certain neighborhoods.

Knowing in advance what you want in the way of a home and its relationship to the water will help minimize the amount of time looking for your dream home. Discuss with the Realtor any concerns about use permits, additional insurance requirements and obligations for maintenance and right-of-ways. With all the variety in Tampa and the area surrounding that city, the opportunity to find what you want is amazing.

Investing in Tampa Homes as Rental Properties

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image of south tampa condosLiving in the Sunshine State is a reality for a great number of people. Add to that the annual number of visitors to Florida and it is easy to recognize the appeal of this beautiful state. Lovely tropical plants, beautiful beaches and spectacular sunsets are typical scenes in much of the state, due to the incredible amount of coastline. Tampa holds special appeal because of its proximity to shopping centers, beaches and golf courses, among other recreational and cultural activities.

House-looking is a favorite pastime when there are a few spare hours between conferences and appointments. Visitors might feel inspired to see what is available to rent in the area, particularly if condos in South Tampa, or close by, will provide them a place to stay while they conduct business. Even a week's worth of time in the area is better organized when clothing and a touch of familiar items from home are available upon arrival. One advantage of renting a condominium is the low-maintenance lifestyle, where someone else keeps the yard and building looking beautiful.

Economical, attractive condos in New Tampa are available in a myriad of sizes, from 1 to 3 bedrooms and either 1 or 2 baths. If you have been thinking about investing in a Tampa property , condos are the perfect opportunity for the beginning investor. You can purchase a few nice condos for the price of a single-family home and recoup your investment much more quickly. You can look online through offers on the MLS and take a drive through the areas to find if they are appealing as investments. Are there commercial buildings in the area, or is it primarily residential? Look at the parks, schools, and hospitals nearby to confirm they are taken care of and inviting. Keep the potential renter base wide open by making sure there are senior or community centers nearby that provide services and support to residents. Forward thinking by anticipating the needs of the future residents helps keep steady tenants at your properties.

One of the most valuable assets any prospective property owner has is a Realtor. They have knowledge of home values, future construction and residential ordinances. Since they typically live in the area, they will have first-hand knowledge of utility companies and ideal neighborhoods in which you can invest, as well as total understanding of the many documents involved with a real estate transaction.

Reasons Bank-Owned Homes Are Plentiful

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image of bank owned for sale signCertainly finding a home to move to in Tampa or any of the surrounding areas is important when you find out your company is moving to the area and you have been requested to relocate. If you have been renting an apartment or house where you currently live, you already may have a list of what you like and what you would like to improve about housing. For some people, it is a larger kitchen area and for others, it is a corner room away from the hustle and bustle of family life that will serve as a great office.

Tampa Bay bank-owned homes are one of the many types of homes available for purchase. The main attraction is the variety of homes and the locations they can be found. For that reason alone, a Realtor may be your best asset if this is the housing route you wish to take. Having someone familiar with local requirements, the paperwork that needs to be done, and businesses that will repair or replace any problems with the home you choose is a valuable commodity.

The huge amount of underwater homes in foreclosure ended the era of picking up property for a song during auctions. Wise investors do not throw their money away and recognizing the negative value of bidding on property with a loan balance exceeding the value of the home (and then having other fees on top of that!) resulted in no bids and the return of the property to the bank.

It is easy to be shocked by extra charges accompanying the bad debt. Foreclosure sales add attorney fees, interest and costs. A cashier's check for the purchase amount is required. In previous years, interested parties could borrow the money for a great bargain, but the foreclosure bargains disappeared. Unsuccessful auctions cause the property to revert to the bank, which now must determine the next step of what to do with the land, home, or building.

Bank-owned homes are also referred to as real estate owned (REO) property. The bank's next step is to have the occupants evicted from the home, resulting in additional fees. There might be government liens filed against the property for unpaid taxes or services, such as utility bills.

A Realtor understands the market in this area, including property values and the negotiable range of offers to the bank. In addition, the offer will be drafted to protect you as much as possible, including inspection requests for which you pay. The bank is more interested in recouping as much of their lost money as possible than making a deal, so the expertise of the Realtor will guide you through this process.

New Life for Cypress Creek Town Center

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cypress creek town center sign - imageThere is good news circulating around Wesley Chapel! It looks as though Cypress Creek Town Center may finally get to complete building, although it will be a different idea than what was proposed for site, which had hoped to open in 2009. The 140 acres that once was targeted to feature businesses such as Staples, Books-A-Million, and Circuit City in an open-air mall is now being considered for an outlet mall, including the fashionably chic and popular ‘Off 5th’ outlet of Saks Fifth Avenue.

The information could not have come at a better time. Wesley Chapel properties are rebounding from the economic downturn of a few years. The buyer’s market is losing ground with a housing inventory of three months. The return of a seller’s market is encouraging those dragging their feet on bargain home prices and financing to actively pursue a home in this charming, well-designed community.

One of the 18 current Developments of Regional Impact, or DRIs, in Pasco County, Cypress Creek Town Center has faced an environmental battle since 2008. The proposed one and a half-million square foot mall received permits to start construction in 2007. The Wesley Chapel and New Tampa areas rely on Cypress Creek for much of their drinking water. When muddy runoff water was discovered leaking into the creek by the U.S. Army Corps of Engineers, the building permit was revoked.

A lengthy court battle traveled to the Federal Appeals Court, which in November, 2011 reversed the decision to revoke the mall permit. The Corps of Engineers is to determine a way to protect the property’s wildlife corridor and the development can continue. This is in keeping with Pasco County’s DRI plans, which allow for both urban and conservational balance.

Simon Property Group has malls across the country. Representatives of the Group met with county officials earlier this year. In May, Simon’s press release announced the opening of ‘Off 5th’ at seven locations, including a new mall, Tampa Premium Outlets. That particular site, currently known as Cypress Creek Town Center in Wesley Chapel, is expected to open in 2014.

A major advantage is that Tampa Premium Outlets will not compete with, but add to, the lure of Shops at Wiregrass. Two major shopping centers in Wesley Chapel will also keep the economy on its upward direction, increasing the value of homes and life in the area.

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Keller Williams Realty – Tampa, Florida

Mohr Home Group
18302 Highwood Preserve Parkway
Tampa, Florida 33647
(813) 317-4009 | Map | Email
Licensed REALTOR® in the State of Florida

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