VA Mortgages In Spring Hill FL

Is It A Good Time To Buy Property In Spring Hill FL? Foriegn Investors Say Yes

Posted by :VA Lender In Hernando County On : June 27, 2012

Category: New Construction Sales In Hernando County

Spring Hill FL Real Estate Part of Global Investing Picture

Foreign View:U.S.Homeowners Sitting Pretty

Foreign Buyers Snap Up Residential Real Estate

For quite a while, Spring Hill FL residential real estate holders – that is, homeowners – haven’t had to work very hard to come up with a description for the U.S. real estate market. ‘Lousy’ certainly came to mind. ‘Bleak’ was a strong contender. ‘Cautiously optimistic,’ at best a distant third.

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So this months Wall Street Journal report came as a quiet reminder that, for serious-minded investors who view our situation from a less-involved perspective, our residential real estate outlook is neither lousy nor bleak. In fact, the combination of lower residential prices and the international currency environment has created a ‘property-buying binge’ by Asians, Canadians, Europeans and Latin Americans – more than 60% of whom pay in cash.

“There’s this international view that America is on sale,” according to one property manager. He should know; he’s an executive whose Chicago-based company buys foreclosed homes and manages them for investors. A year ago, all of his investors were domestic. Now, one in five is foreign.

Whereas before, most foreign residential real estate investors were interested in ‘trophy’ properties to enhance their personal prestige, the new onslaught is coming from buyers who see that they can earn high returns by buying here, renting, then reselling in the future when the market rebounds. It seems that in many countries, a residential real estate downturn is expected, but has yet to occur. In their estimation, ours is already history.

It looks like “a gift,” according to one developer, who judges that an oceanfront condominium in Rio de Janeiro sells a level 50% higher than an equivalent property in Miami. International or domestic, investment money is always drawn to bargains — but when bargain basement prices are combined with the perceived safety represented by U.S. residential real estate, the lure is apparently irresistible.

Spring Hill FL Homes For Sale

“FOREIGNERS SNAP UP PROPERTIES IN THE U.S.” was Nick Timiraos’ headline, with a caption that read, “To many Americans, plowing money into real estate has never looked like such a risky venture. But to many foreigners, U.S. housing has never looked like a smarter investment.”

Thanks, Nick, for giving us some outside perspective; I guess we can adopt the ‘cautiously optimistic’ view with a lot more confidence. If you have been waiting on the sidelines to make your own Spring Hill FL residential real estate investment, I hope you will give us a call when you decide that now is the time to invest in property in Spring Hill FL and the Bradenton area. We are standing by to help you find the property you’re looking for!

Agent Trust Realty

4117 Mariner Blvd

Spring Hill FL FL, 34609

352-688-7022

E Loans Mortgage Inc

4117 Mariner Blvd

Spring Hill FL FL, 34609

727-946-0904

U.S Homes Sales, Market Is On The Rise

Posted by :VA Lender In Hernando County On : June 2, 2012

Category: New Construction Sales In Hernando County

U.S. Home sales Market on the Rise

Single Family Home sales Starting Stabilize

According to the National Association of Realtors®, first quarter statistics again point to better home sales figures. This time it was the prices of single family homes that rose in half of the major cities in the United States. Because of the wide differences between regional and state conditions, these figures are never in 100% lockstep, but Hernando County homeowners should be encouraged by the report’s breadth: prices rose in more than twice as many cities as fell.

Of course, rising prices are always good news for homeowners in Spring Hill Florida who want to sell their homes; but beyond that, the effect of movement in that direction is welcome throughout the economy. Consumer confidence is strongly influenced when home sales prices stabilize (just as it is rocked when prices fall).

There are a multiple reasons for the upswing in prices for home sales:

Employment Rates Improve

Although unemployment rates are still relatively high, the U.S. Bureau of Labor reported that the overall rate fell to 8.1 percent in April. Even for those who are currently employed, the knowledge that more jobs are out there is encouraging. When the specter of prolonged joblessness recedes, financial confidence rises and home sales can be expected to follow.

Low Mortgage Rates

Mortgage rates are still at historical lows — and the effect on affordability is dramatic. Currently the national 30-year fixed rate is at 3.78% according www.e-loanmortgage.com. As I have discussed before, although lenders have raised the requirements to quality for a loan, such low interest rates make a mortgage more affordable for eligible homebuyers.

Fewer Homes Available

Despite the inventory of foreclosed properties, fewer homes were available for sale this year than during the same period in 2011. Nearly always, home sales register higher prices when the housing market tightens – and that did seem to be happening in a growing number of metropolitan areas including Hernando County.

Higher prices for single family homes is a strong indicator of an improving economy: one that bodes well for everyone in the housing market. Statistics do vary by neighborhood, so if you are considering selling your Spring Hill Florida home this summer and want up-to-date, personalized information, contact me for a market update and comparative market analysis for your Spring Hill Florida home.

The Spring Hill FL Sales Team

Professional Realtors

Agent Trust Realty

727-946-2348

Spring Hill Florida Home Values: How Much Is Your Home Worth?

Posted by :VA Lender In Hernando County On : May 22, 2012

Category: New Construction Sales In Hernando County

Taking Stock of Your Hernando County Home’s Value
Home Value Estimate: a Starting Point

Figuring out home values when the market is in flux is truly a job for experts. We have seen the national real estate market begin to rebound, and expect Hernando Countyhome values to soon start to reflect movement as well. Most Hernando County homeowners are in the habit of keeping an eye on area home values. But especially for anyone considering buying or selling this summer, estimating their home’s value is one of the first items on the agenda.

To get you started, there are a couple of different methods to help establish a ballpark estimate of what your home may currently be worth. Certainly the quickest and easiest tool is the calculator on Zillow’s website, at http://www.zillow.com/profile/tinafingerman/. This free online calculator uses accumulated public record data joined with other factors to produce an estimate of home values. All you need to do is enter your address and wait for the magic.

I do have to put in a word of caution, though. Like any computer program, it’s fast and precise –but also maddeningly capable of disregarding what we humans think of as ‘common sense.’ So, while it is fun and interesting to get this kind of readout, it’s at best a ballpark estimate (and at worst, downright misleading!).

There are many other sites boasting similar tools — variations of the same idea and pulling from slightly different data sets — but the approach they use to calculate home values stays the pretty much the same. You only need to enter your address and there you go: instant estimate.

While these calculators are great at aggregating data, nothing replaces human input. Real estate is, after all, the very definition of a Hernando County occurrence, so if you’re looking for more than an estimate, it’s time to call the pros in.

When an experienced agent (someone like yours truly) creates their professional estimate, it not only takes into account the trends for properties closest to yours, but also incorporates real life features — such as the curb appeal your home and garden offers right now. The better kept your property is at any given time, the greater its estimated value should be. An agent can also suggest the small changes that work best to enhance a property’s value.

If you have been considering selling a home and are curious about today’s Hernando County home values, call me anytime for a complimentary (and 100% human) consultation!

The Spring Hill FL Sales Team
Agent Trust Realty
727-946-2348