May was a stellar month for closings at NextHome SunRaye Realty! Not only do we take pride in working to ensure a streamlined transaction process whether our clients are buying or selling, but it’s our specialty to assist our Tampa Bay neighbors in selling their homes quickly while maximizing their investment. Here are some of our May sales that sold in record time on market:
Generally, it’s wise to consider every offer to purchase your home and avoid rushing into a contract with the first one that appears to check all the boxes. In the seller’s market that we find ourselves in today, it’s wise to give all potential buyers a chance to put their best foot forward when competing for the sales contract on your home. A multiple offer situation is what every seller wishes for. This is very possible when a home is competitively priced. However, the amount of days your home spends on market matters as well, and it’s the reason why you want to partner with an experienced and knowledgeable real estate professional when marketing your home for sale. Here’s why the days on market statistic is important to home sellers, home buyers, and both the listing and buyer’s agents:
The days on market (DOM) statistic is an indicator of local market activity. It reflects the length of time on the market before a home sells. It can vary from zip code to zip code, neighborhood to neighborhood, and from one price range to another. This information can assist a home owner in planning their sale and determining how much time they will need to find a buyer and close on the sale.
The DOM statistic is a good reference for gauging the state of the real estate market. When days on market increase beyond what is typical, it is a good sign that it is a buyer’s market. This is because when homes stay on the market longer, there is more inventory for a buyer to choose from. During times like these, it is wise for the home owner who needs a faster sale to price his home more aggressively. When homes sell faster and there is a shortage of inventory, home owners may find more flexibility in their original pricing.
The truth is, the longer a home sits on the market, the harder it becomes to sell. When a home remains on the market for longer than it should when considering the market activity taking place around it, it becomes what is known as a “stale listing”. Stale listings can set off a couple of red flags for buyers, and it generally can mean one of a couple of different things. A stale listing may indicate that the home is not competitively priced. If the original list price is too high and scares interested buyers away, a price reduction will usually follow to generate more interest. While this may work, it may also backfire and suggest desperation on the seller’s part, giving potential buyers a more confident negotiating stance. Other times, a stale listing may indicate to potential buyers that there is something structurally wrong with the home or that it needs significant repairs that are preventing it from selling. Neither of these impressions will help the home owner sell his home, which is why it’s very important to price the home competitively while reflecting its value accurately from the start.
When you partner with NextHome SunRaye Realty and list your home for sale, your agent will review a market analysis with you that provides data on the all of the current active listings in your neighborhood, the listings that are under contract, closed sales, and expired listings. This analysis will offer you a complete picture of the local market activity currently taking place in your area and around your home. Your agent will tell you about our successful marketing programs that can assist you in selling your home quickly and at a competitive price. NextHome SunRaye agents are continuously monitoring market statistics and staying on top of neighborhood trends in order to best serve our clients. Call NextHome SunRaye today to discuss a marketing strategy for selling your home and making it stand out above the rest: (727) 343-8600.
A unique opportunity in North St. Petersburg is just too incredible to miss! For $187,200, this sturdy 3/2 block ranch home can be yours! Located on a quiet, dead-end street, this home is packed with features, including an oversized, 2-car garage, inside laundry room, large living room with vaulted ceilings, and a skylit kitchen. In addition, this home has a screened patio with an in-ground spa and a large walk-in closet in the owner’s suite. The best part? The entire street is yours to enjoy alone, as county property to the left and across the street ensure no future development for flood control purposes. Talk about privacy, this home is a must see! Schedule your showing today, call listing agent Tony Cook at (727) 244-3494, or our St. Petersburg office at (727) 343-8600. Priced at $187,200, this home will not last long!
You invested a lot of blood, sweat and tears (and money!) into your home. You raised your kids here. You celebrated many birthdays and Thanksgivings here. When it comes time to sell your home, you may find it difficult not to become insulted by a low-ball offer that gets presented. Here is some advice for how to handle offers that fall significantly below your asking price.
Is it really a low-ball offer, or is it just less than what you wanted? Depending on your local real estate market and the inventory of homes for sale, many real estate professionals consider a low-ball offer to be between 20% to 25% below list. Even then, the price range your home is in makes a difference as well. While an offer of $75,000 on a $100,000 home would likely be rejected, a $1.5 million offer on a $2 million home would more than likely be considered for negotiation.
Should you reject a low-ball bid right out of the gate? While it may be tough trying to set aside hurt feelings, remember, someone is showing interest in purchasing your home, and that’s a good thing. In this mindset, you should counter every offer – unless it’s just totally ridiculous. What’s constitutes a “ridiculous” offer? Anything significantly less than 25% below your list price should be a red flag. If you find yourself in this position, rely on your realtor’s expertise to help determine an appropriate response. Usually, a good rule of thumb is to counter a low offer to send the message that you are willing to negotiate and work with the right buyer. After all, it’s not where buyers begin, but there they end up. However, if you allow your emotions to affect your judgement, you may never get to that final number.
Is your home priced right? If you receive one or more low-ball offers, you may have to consider that your home is priced too high for the market it’s currently in. Before you set a list price, your agent will provide you with comps, which are comparable listings of properties for sale that are similar to yours in the area. Your agent will also give his or her expert recommendation on where your home should be priced at. It’s wise to choose a price that reflects the comps so that you can be competitive and get reasonable offers. If you start out too high and have to reduce your price later, you are just delaying the sale of your home and spending more days on market. You don’t want your home to spend too may days on market and risk it becoming a “stale listing”. In today’s Tampa Bay area real estate market, a home for sale that is on the market for over 65 days is going to lose buyer interest and will most likely be considered overpriced.
What factors are important to you in selling your home aside from the price? Do you need to sell quickly because you are purchasing another home? Are you looking for an all-cash deal? There are certain incentives that can sweeten a deal that may make looking at a lower offer worth your time. They may include:
A preferred closing date
A solid mortgage pre-approval letter fro the buyer (not just a pre-qualification)
A larger down payment
Fewer inspection contingencies
Don’t worry about looking desperate. Perception doesn’t matter when you entertain a low-ball offer. What matters most is the end result. Don’t get caught up in feeling offended when faced with an “insulting” offer to the point where you cut off communication with the buyers or their agent. This reaction won’t help you sell your house, and it’s worth it to get feedback from every offer, regardless of how things turn out.
Lastly, choose an experienced real estate professional who knows the market. NextHome SunRaye real estate professionals live and work in the Tampa Bay area and stay current on local market trends. Our 30+ years of real estate industry knowledge and experience drives our success, as it has helped us build valuable relationships with clients, as well as a sizable amount of referral business. If you are looking to sell your home in Tampa Bay, give our office a call at (727) 343-8600 to discuss your home’s value and how we can help you sell in this market. When you enlist NextHome SunRaye to sell your home, we ensure a swift and smooth transaction as well as a stress free experience.
This spacious, 2 bedroom/1 bath home located at 709 E. Adalee Street in Tampa sold last week for $145,600! Sitting on a large corner site, this home’s sturdy brick construction provides an excellent renovation opportunity for the savvy homeowner. This home boasts a perfect floor plan which includes a large bonus room, roomy bedrooms that can easily accommodate king size beds, a formal living room and dining room, as well as a covered porch that is perfect for enjoying sunsets. Conveniently located to I-275 and downtown, as well as within walking distance to convenience stores, churches, and restaurants! With all of these features AND priced just right, it is no wonder why this home sold in under 60 days on market!
Call NextHome SunRaye today to discuss selling your Tampa Bay area home. While selling a home can be an arduous task for any homeowner, partnering with NextHome SunRaye ensures it will be a smooth and stress free process for all parties involved. We can promise this because our team brings over 30 years of experience and real estate market knowledge to the table. The team at NextHome SunRaye Realty is always on-call for our clients, we work weekends and always answer the phone. Our agents are extensively trained and stay current on market trends. We are proficient in determining your home’s current value and helping you price it accurately. We are well versed in negotiating in order to maximize your profit and we know how to market your home so that it stands out against the competition. NextHome SunRaye uses innovative tools and selling strategies to drive traffic and create multiple offers. Call us to learn more about how we can provide you with the best opportunity for marketing your home for sale today, at: 727-343-8600.
This sturdy, 3 bedroom/2 bath block home sold last week after just 34 days on market for $250,000! A rare opportunity in west St. Petersburg, this home features an in-ground pool and a detached 2-car garage with a full 1 bedroom/1bath apartment above it, perfect for use as in-law quarters or for visiting guests. With a spacious interior and convenient location that puts this home close to shopping, downtown St. Petersburg, as well as south Pinellas beaches, it was destined to sell fast!
Are you looking to sell your home in the Tampa Bay area? Give NextHome SunRaye Realty a call today to discuss marketing your home for sale. The housing market is always changing, but you can depend on NextHome SunRaye to always be on top of neighborhood trends. NextHome SunRaye uses innovative marketing tools and strategies as well as over 30 years of expertise to price and market your home accurately. When you enlist NextHome SunRaye’s expert knowledge of the real estate market in Tampa Bay, your home will sell quickly and you can trust that you will get the best return on your investment. Speak to a NextHome real estate professional today to discuss selling your home by calling: 727-343-8600.
Check out some of our other recently sold homes here.
NextHome SunRaye Realty is proud to be a part of the NextHome family as they partner with Canine Companions for Independence, a nonprofit organization that works to enhance the quality of life of people with disabilities. They accomplish this by providing them with highly trained assistance dogs and ongoing support. Canine Companions for Independence breed, train, and raise these smart canines to help their human partners perform daily tasks, and in some cases even serve as their eyes, ears, hands or legs. This is a powerful program that opens up new possibilities and opportunities for those who are disabled, and it also spreads an incredible amount of joy.
Canine Companions breeds Labrador Retrievers, Golden Retrievers, and a cross between both breeds. After the puppies are cared for and nurtured by volunteers for the first eight weeks after birth, the organization spends the next 18 months caring for, training and socializing them. These dogs are taught to master over 40 commands in six to nine months. After these dogs complete this rigorous training, they then go through additional team training and are matched with adults, veterans, children with disabilities, or professionals that assist clients with special needs. This stage of team training concludes with a special graduation ceremony for the furry graduates, who then embark on a new life of service!
When donating to causes close to your heart this year, please consider donating or getting involved with Canine Companions for Independance! NextHome SunRaye Realty is proud to support this amazing organization!
NextHome SunRaye Realty just sold another home and helped make a dream come true for a very well deserving couple! This home sits on an impressive 2+ acres of property in northern Pinellas County. Conveniently located on Sunset Point Road in Clearwater, the main house sits far back on the property, offering privacy and more! The lush grounds feature a small stream running through the property, mature trees and landscaping, as well a deeded pathway to Sylvan Abbey Lake, which offers fishing and kayaking, or some coveted relaxing on its bank. Also zoned for horses, this property not only offers unlimited potential to its new owners, but it also comes ready to accommodate extended family with its spacious main house and guest cottage. We are so pleased to be able to offer this rare opportunity to our wonderful buyers, Matthew and Haley, who will start an amazing new life here! Congratulations Matthew and Haley! It was such a pleasure working with you both!
TripAdvisor®, the world’s largest travel site, today announced the winners of its Travelers’ Choice® awards for Beaches. For the second year in a row, Florida’s Clearwater Beach is named the number one beach in America. Of the 25 best beaches in the U.S., 40 percent are in Florida . Award winners were determined based on the quantity and quality of traveler reviews and ratings for beaches on TripAdvisor, gathered over a 12-month period.
Tripadvisior named Clearwater Beach the number one beach in the world. A recent review stated “Clearwater Beach is a very family oriented beach. There is ample parking along the beach and a metered parking lot. The beach itself has very fine white sand, which is very clean, with bathrooms and various places to wash the sand off your feet as you leave the beach.”
Ranked number Four is St Pete Beach. A mere 10 miles or so south of Clearwater Beach. They write “Amazing time – beautiful beach – what’s not to love? The sand is soft, silky and warm for strolls along the beach and shell collecting. Love the warm water and the low tide levels for kids. An awesome weekend in a beautiful location with stunning sunsets, lovely food, the thing dreams are made of on vacation!” Reviews liked the Laid-back vibe, powder white sand, chair/umbrella rentals available
And a few miles further south is Siesta Key. Siesta Key ranked number 6 is an island off of Sarasota. Tripadvisior says “If you want to hit a great beach with PLENTY of room, you found it! There are chairs and umbrellas available to rent, a place to get food and drinks (even adult ones), bathrooms, showers, volleyball, parasailing, and plenty of activities. We were able to throw the football with the kids without worrying about hitting anyone or running into anyone. Beautiful view!” The Public swimming beach known for its clean, hard-packed sand.
If you want to enjoy this beauty like a resident instead of a vacationer, contact NextHome SunRaye Realty at www.nexthomesunraye.com, 727-343-8600 or email@example.com.
Fresh on the market and conveniently located in central Pinellas County with easy access to St. Pete, Clearwater, and the south beaches! This sturdy, 3 bedroom block home just needs some finishing touches to complete the addition of a brand new owner’s suite. A large backyard is another inviting feature that makes this home the perfect investment for a handy owner occupant. Take an online tour of this home by visiting: https://youtu.be/bmx42qKWvaQ , or call the listing agent, Tony Cook for a showing today.
When a home is priced to sell, it moves fast! Just 22 days on market, this well appointed, 3 bedroom, 3 bath home with resort style swimming pool was priced to move and sold last week for $417,000. Sitting on almost a half of an acre on St. Petersburg’s famed Park Street, this home is a Sunshine City stunner that is perfectly suited for a large family. Are you thinking about selling your home in St. Petersburg? Having conducted business the Tampa Bay real estate market for over 35 years, NextHome SunRaye offers unmatched expertise when it comes to pricing your home to sell quickly and for the best price. We work hard to make sure that our clients maximize their investment when they decide it’s time to sell. Check out our Featured Homes link at the top of the page to see more of our Tampa Bay listings that recently sold, or better yet, give us a call to discuss how we can market your home for sale.