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Gary and Nikki Ubaldini

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Displaying blog entries 11-20 of 102

Do You Know the Cost of Waiting To Buy A Home? [INFOGRAPHIC]

by Gary and Nikki Ubaldini


Some Highlights:

  • The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
  • Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate by 4.9% according to CoreLogic.
  • Waiting until next year to buy could cost you thousands of dollars a year for the life of your mortgage!

Thinking of buying a home? Put one of our Buyer Specialists to work for you  contact The Gary & Nikki Team today. Or call - 727-787-6995.

 

5 Reasons You Should Sell This Summer

by Gary and Nikki Ubaldini

Here are five reasons listing your home for sale this summer makes sense.

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is currently at a 4.2-month supply, well under the 6-months needed for a normal housing market. This means, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory could be coming to the market soon.

There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market this summer.

Also, builder’s confidence in the market has hit its highest mark in over 11 years. Experts are predicting that new construction of single-family homes will ramp up this summer.

The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker

Fannie Mae anticipates an acceleration in home sales that will surpass 2007’s pace. As the market continues to strengthen, banks will be inundated with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker & simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to a new low of 42 days, after seeing a 12-month high of 48 days in January.

4. There Will Never Be a Better Time to Move Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 4.9% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

You can also lock in your 30-year housing expense with an interest rate around 4% right now. Rates are projected to increase in the next 12 months.

5. It’s Time to Move on with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

Thinking of selling your home - contact The Gary & Nikki Team todayOr call - 727-787-6995.

Wondering about your home's value?

YOUR HOME COULD BE WORTH MUCH MORE
THAN YOU THINK!

Get a free, INSTANT home valuation. Click below.

Click here to get your instant home value now!

3 Reasons the Housing Market is NOT in a Bubble

by Gary and Nikki Ubaldini

With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago.

Last decade, demand for housing was artificially propped up because mortgage lending standards were way too lenient. People that were not qualified to purchase were able to obtain a mortgage anyway. Prices began to skyrocket. This increase in demand caused homebuilders in many markets to overbuild.

Eventually, the excess in new construction and the flooding of the market with distressed properties (foreclosures & short sales), caused by the lack of appropriate lending standards, led to the housing crash.

Where we are today…

1. If we look at lending standards based on the Mortgage Credit Availability Index released monthly by the Mortgage Bankers Association, we can see that, though standards have become more reasonable over the last few years, they are nowhere near where they were in the early 2000s.

3 Reasons the Housing Market is NOT in a Bubble | Simplifying The Market

2. If we look at new construction, we can see that builders are not “over building.” Average annual housing starts in the first quarter of this year were not just below numbers recorded in 2002-2006, they are below starts going all the way back to 1980.

3 Reasons the Housing Market is NOT in a Bubble | Simplifying The Market

3. If we look at home prices, most homes haven’t even returned to prices seen a decade ago. Trulia just released a report that explained:

“When it comes to the value of individual homes, the U.S. housing market has yet to recover. In fact, just 34.2% of homes nationally have seen their value surpass their pre-recession peak.”

Bottom Line

Mortgage lending standards are appropriate, new construction is below what is necessary and home prices haven’t even recovered. It appears fears of a housing bubble are over-exaggerated.

The #1 Reason to List Your House for Sale, NOW!

by Gary and Nikki Ubaldini

If you are debating listing your house for sale this year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes for Sale 

The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory:

“Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market.

Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers from finding a home to purchase”.

The latest Existing Home Sales Report shows that there is currently a 4.2-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 4.6% lower than a year ago.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

 

#1 Reason to List Your House for Sale, NOW! | Simplifying The Market

Anything less than a six-month supply is considered a “seller’s market.”

Bottom Line

Let’s get together and discuss the supply conditions in your neighborhood to be able to assist you in gaining access to the buyers who are ready, willing and able to buy now - contact The Gary & Nikki Team todayOr call - 727-787-6995.

Wondering about your home's value?

YOUR HOME COULD BE WORTH MUCH MORE
THAN YOU THINK!

Get a free, INSTANT home valuation. Click below.

Click here to get your instant home value now!

Why Choose a Real Estate Team vs. a Single Agent to Sell Your Home

by Gary and Nikki Ubaldini


Each real estate transaction comes with mountainous stacks of paperwork, countless showing requests that need coordination, inspection meetings, ongoing marketing obligations, frequent bank and/or buyer negotiation meetings, seller updates, comparative market analysis, MLS modifications, numerous telephone and Internet requests for information, and much more. And often, this is just over the span of one day!

In this market, real estate agents are busy with multiple transactions all going on at the same time. A successful Agent Team specializing in the Tampa Bay area is experienced at delegation and multi-tasking, accomplishing things that would require a single agent to work unrealistically long hours per day.

Since your home will be competing with many others, you will want to feel confident that the continuous marketing efforts to get your home sold are and being monitored and adjusted for effectiveness.

The Team concept is so effective because it allows your agent to focus on sales related activities, while other team members focus on completing the non-sales related tasks. This results in a faster sale and a smoother escrow period.

Some advantages of hiring a Real Estate Team in Pinellas County to sell your home:

 

  • Multiplies the effective effort of getting your home sold.
  • Significantly increases the attention to detail, presenting your home in the best possible light.
  • Doubles the availability to field calls and questions from buyers and buyers agents to facilitate a faster, successful sale.Adds a “Checks and Balances” and consultative approach to all aspects of the sale of your home.
  • Allows one of your agents to be present during inspections and/or repair work, while other agent is focused on critical marketing, sales, and administrative details.
  • Enhanced marketing of your home through more innovative channels.
  • You're the number one focus: your transaction will not be set aside while others are completed.
  • Less wasted time, keeping inertia moving towards the goal of getting your home sold.
  • More availability to your agents for greater communication throughout the selling process.
  • Selling a home in Pinellas County Florida is an intensely complex process, filled with minute details. This can be very challenging for the single agent.
  • Better management of document flow to assist a timely escrow closing.
  • Increased traffic through more timely and effective showing schedule coordination with buyers agents.
  • Doubles the listing agent Sphere of Influence in Pinellas County and Tampa Bay area to facilitate increased exposure to more potential buyers, resulting in a quicker sale.
  • The Agent Team concept allows for greater flexibility throughout the entire process.
  • No extra fees or costs for double the attention towards successfully selling your home.
  • You get your desired results! The Gary & Team are full time professional real estate agent team with proven record for selling homes in the Tampa Bay Area!

Thinking of selling your home?
Let's discuss your options - contact The Gary & Nikki Team today.
Or call - 727-787-6995.

Wondering about your home's value?

YOUR HOME COULD BE WORTH MUCH MORE
THAN YOU THINK!

Get a free, INSTANT home valuation. Click below.

Click here to get your instant home value now!

Selling Your Home? Is Your Listing ‘Pet-Friendly’?

by Gary and Nikki Ubaldini


One of the many benefits of owning your own home is the freedom to find your ‘furever’ friend. By pointing out the aspects of your home that make it ‘pet-friendly’ in your listing, you’ll attract these buyers rather than alienate the 61% of American households that have a pet!

If you are one of the many homeowners looking to list your home for sale, how do you stand out to the millions of pet parents searching for their dream homes?

Whether a dog person, a cat person, or someone who prefers the company of another pet species, 99% of pet owners say that they consider their animal to be family. When finding a home, 95% of animal owners believe it is important that a housing community allows animals.

A recent study by the National Association of Realtors (NAR) revealed that there are many aspects of the home buying, selling and owning experience that have been greatly impacted by American’s love for their pets.

This should come as no surprise as $66.75 billion was spent on pets in the U.S in 2016, with $70 billion projected for 2017. NAR’s President William E. Brown shed some light on the impact of pet owners and their home search,

“In 2016, 61 percent of U.S. households either have a pet or plan to get one in the future, so it is important to understand the unique needs and wants of animal owners when it comes to homeownership.  

REALTORS® understand that when someone buys a home, they are buying it with the needs of their whole family in mind; ask pet owners, and they will enthusiastically agree that their animals are part of their family.”

The Power of Pets When Choosing the Right Home

  • 89% of pet owners say they would not give up their pet due to a housing restriction
  • 81% of Americans say their pets play a role in their housing situation
  • 31% of animal owners have refused to put in an offer on a home because it wasn’t a good fit for their animals
  • 19% of Americans say they would consider moving for their pet
  • 12% percent have moved for their pet

New home builders have actually begun installing retractable pet gates that tuck away neatly inside door jams as a highly requested feature in new homes to attract pet-parents, according to Builder.com.

So, if you are a homeowner looking to sell in today’s pet-friendly environment, point out the features of your home that will attract pet owners:

  • Fully fenced in backyard – (91% of pet owners ranked this as the most important feature of a home to accommodate their pet)
  • Locations of dog parks/walking paths/pet-friendly beaches in the area (71% ranked this as the top feature of any neighborhood they would consider)
  • Proximity to veterinarians/groomers/pet supply stores (31%)

Bottom Line

Americans love their pets and will look for pet-friendly features in the home they wish to buy, so take advantage of this knowledge by pointing out your home’s ability to meet their needs.

Thinking of selling your home?
Let's discuss your options - contact The Gary & Nikki Team today.
Or call - 727-787-6995.

Wondering about your home's value?

YOUR HOME COULD BE WORTH MUCH MORE
THAN YOU THINK!

Get a free, INSTANT home valuation. Click below.

Click here to get your instant home value now!

The real estate market is moving more and more into a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the summer, supply is not keeping up.

Here are the thoughts of a few industry experts on the subject:

Lawrence Yun, Chief Economist at NAR:

"Sellers are in the driver's seat this spring as the intense competition for the few homes for sale is forcing many buyers to be aggressive in their offers. Buyers are showing resiliency given the challenging conditions. However, at some point — and the sooner the better — price growth must ease to a healthier rate. Otherwise sales could slow if affordability conditions worsen."

Tom O’Grady, Pro Teck CEO

“The lack of inventory is very real and could have a severe impact on home sales in the months to come. Traditionally, a balanced market would have an MRI (Months Remaining Inventory) between six and 10 months.

This month, only eight metros we track have MRIs over 10, compared to 27 last year and 48 two years ago—illustrating that this lack of inventory is not being driven by traditionally ‘hot’ markets, but is rather a broad-based, national phenomenon.”

Ralph McLaughlin, Chief Economist at Trulia

“Nationally, housing inventory dropped to its lowest level on record in 2017 Q1. The number of homes on the market dropped for the eighth consecutive quarter, falling 5.1% over the past year.”

Freddie Mac

“Tight housing inventory has been an important feature of the housing market at least since 2016. For-sale housing inventory, especially of starter homes, is currently at its lowest level in over ten years. If inventory continues to remain tight, home sales will likely decline from their 2016 levels. …all eyes are on housing inventory and whether or not it will meet the high demand.”

Bottom Line

If you are thinking of selling, now may be the time. Demand for your house will be strongest at a time when there is very little competition. That could lead to a quick sale for a really good price.

Thinking of selling your home? Let's discuss your options - contact The Gary & Nikki Team today. Or call - 727-787-6995.

Wondering about your home's value?

YOUR HOME COULD BE WORTH MUCH MORE
THAN YOU THINK!

Get a free, INSTANT home valuation. Click below.

Click here to get your instant home value now!

Homes are Selling Fast Across the Country [INFOGRAPHIC]

by Gary and Nikki Ubaldini


Some Highlights:

  • The National Association of REALTORS® surveyed their members for their monthly Confidence Index.
  • The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
  • Homes sold in 60 days or less in 36 out of 50 states, and Washington D.C.
  • Homes typically went under contract in 34 days in March!

Thinking of selling your home? Let's discuss your options - contact The Gary & Nikki Team today. Or call - 727-787-6995.

Wondering about your home's value?

Your Home Could Be Worth MUCH MORE
Than You Think!

Get a free, INSTANT home valuation. Click below.

Click here to get your instant home value now!

3 Charts That Shout, ‘List Your Home Today!’

by Gary and Nikki Ubaldini

In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise.

SUPPLY

The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 3.8-month supply. This is considerably lower than the 6-month supply necessary for a normal market.

DEMAND

Every month NAR reports on the number of buyers out in the market looking for homes, which is also known as buyer traffic. As seen on the map below, buyer demand in March was strong or very strong in 45 out of 50 states nationwide, and Washington, DC.

Many buyers are being confronted with a very competitive market in which they must compete with other buyers for their dream homes (if they are even able to find a home they wish to purchase).

Listing your house for sale now will allow you to capitalize on the shortage of homes for sale in the market, which will translate into a better pricing situation.

HOME EQUITY

Many homeowners underestimate the amount of equity they currently have in their homes. According to a recent Fannie Mae study, 37% of homeowners believe that they have more than 20% equity in their homes. In reality, CoreLogic’s latest Equity Report tells us that 78.9% actually do!

3 Charts That Shout, ‘List Your Home Today!’ | Simplifying The Market

Many homeowners who are undervaluing the equity they have in their homes may feel trapped, which may be contributing to the lack of inventory in the market.

Bottom Line

If you are debating selling your home this year, let's meet up to evaluate the equity you have in your home, as well as the opportunities available in your market.

Thinking of selling your home? Let's discuss your options - contact The Gary & Nikki Team today. Or call - 727-787-6995.

Wondering about your home's value?

Your Home Could Be Worth MUCH MORE
Than You Think!

Get a free, INSTANT home valuation. Click below.

Click here to get your instant home value now!

 

Thinking of Selling? Now Is the Time to Act

by Gary and Nikki Ubaldini

If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.

Jonathan Smoke, Chief Economist at realtor.com, revealed in a recent article that:

“The biggest challenge to buyers this spring will be simply finding a home to buy and getting it successfully under contract. That’s because the supply of homes for sale is at an all-time low, and yet demand is strong and getting stronger.”

Smoke goes on to say:

“We started the year with the lowest inventory of homes available for sale that we’ve ever seen on realtor.com. While we did see inventory grow 2% in February, total inventory was down 11% over last year.”

In this type of market, a seller may hold a major negotiating advantage when it comes to price and other aspects of the real estate transaction including the inspection, appraisal and financing contingencies.

Bottom Line

As a potential seller, you are in the driver’s seat right now. It might be time to hit the gas.

Thinking of selling your home? Let's discuss your options - contact The Gary & Nikki Team today. Or call - 727-787-6995.

Wondering about your home's value?

Your Home Could Be Worth MUCH MORE
Than You Think!

Get a free, INSTANT home valuation. Click below.

Click here to get your instant home value now!

Displaying blog entries 11-20 of 102

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Contact Information

Photo of Gary and Nikki Ubaldini Real Estate
Gary and Nikki Ubaldini
Keller Williams
35095 US 19 N Suite 203
Palm Harbor FL 34684
(727)787-6995