Waterset Townhomes in Apollo Beach, Florida

Waterset TownhomesWaterset Townhomes are very affordable townhomes with reasonable maintenance fees  in eastern Hillsborough County, Apollo Beach, Florida.  This location is between the Interstate Corridor and Tampa Bay.  It is also conveniently located to restaurants and shopping as well as Tampa’s business district and Gulf Coast beaches.  Some of the property highlights include:

  • Pricing from $194,490s – $233,990s
  • Square footage from 1,756 to 2,185
  • Bedrooms from 3 to 4
  • Bathrooms from 2 to 3
  • Amenities include  a resort-style pool, splash park, playground, picnic area, cafe, outdoor fitness station, and a fitness center.
  • CDDs are only $80.46 per month with low HOAs at only $6.08 per month.
  • The Townhome maintenance fee is only $179.00 per month.

Per Lennar, the Schools for this subdivision include:

  • Inez Doby Elementary School
  • Eisenhower Middle School
  • East Bay High School

Although the above schools are the currently assigned to the subject development, I would suggest that any potential buyer check the Hillsborough County website to verify the schools and more information (school grades, school calendar, etc.). If you are relocating to Hillsborough County, you can find your school at click here as well as the school calendar at click here.

Unlike most builders, Lennar offer a home that has everything included.  What does that mean for the buyer?  In the case of upgrades, it is simply a matter of over pricing them above what you could get done from an individual subcontractor.  I’m not saying that Lennar does not offer upgrades, but most of the “typical”upgrades in the modern home as “granite” countertops are included.  Whereas, a lot of builder charge higher prices at their “design centers”.  This is just something to think about when deciding on purchasing a home.

There are several “spec” homes available.  Home builders in the Tampa Bay Residential Market have completed homes available with some real savings like discounts off the original sales price and generous closing costs available to potential home buyers in communities like Riverview and Dover, Florida.  Sales prices onSpec” (speculation) are often the best places to get the best deals.  These homes are built by builders without an intended purchaser in mind (Hence the builder is speculating that they will find a builder to buy the home).  There are two spec townhomes available (Ironwood and Princewood models).  The following is the Ironwood Model:

Ironwood

Ironwood 1st Flr

Ironwood 2nd Flr

The following is the Princewood Model:

Princewood

Princewood 1st Flr

Princewood 2nd Flr

Front Elevations and Floor Plans provided by Lennar Homes

KW1784102f20KW.jpgYou should consider using a realtor.  I could save you money especially with new home builders and it does not cost you anything.  So why not?  If you are interested in buying real estate (new home, existing home, or commercial property), please contact me (Alan Lane with Keller Williams Realty a.t 2119 W Brandon Blvd, Brandon, Florida  33511).  As a life long resident of Central Florida, I can help you find the right property for you whether it is in Lakeland or as far south as Sarasota.  The Keller Williams offices of  ”Suburban Tampa” include the offices in Brandon, Plant City, Fishhawk Ranch, and our newest office in Valrico.  My email address is alanlane66@gmail.com, or call me at 813.205.9280.  If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link

The Summit at Fern Hill in Riverview, Florida

Florida Map with CountiesLocated along US Highway 301 in Riverview, the Summit at Fern Hill is one of the most conveniently located new single family home communities within the Interstate 75 Corridor. it is conveniently located to restaurants and shopping as well as Tampa’s business district and Gulf Coast beaches.  Some of the property highlights include:

  • Pricing from $200,990s – $274,990s
  • Square footage from 1,555 to 3,326
  • Bedrooms from 3 to 6
  • Bathrooms from 2 to 3
  • Amenities include a resort-style pool, cabana, and playground
  •  CDDs at $157.98 per month with low HOAs ($12 per month)

Per Lennar, the Schools for this subdivision include:

  • Sessums Elementary School
  • Rodgers Middle School
  • Spoto & Riverview High School

Although the above schools are the currently assigned to the subject development, I would suggest that any potential buyer check the Hillsborough County website to verify the schools and more information (school grades, school calendar, etc.). If you are relocating to Hillsborough County, you can find your school at click here as well as the school calendar at click here.

Unlike most builders, Lennar offer a home that has everything included.  What does that mean for the buyer?  In the case of upgrades, it is simply a matter of over pricing them above what you could get done from an individual subcontractor.  I’m not saying that Lennar does not offer upgrades, but most of the “typical”upgrades in the modern home as “granite” countertops are included.  Whereas, a lot of builder charge higher prices at their “design centers”.  This is just something to think about when deciding on purchasing a home.

There are several “spec” homes available.  Home builders in the Tampa Bay Residential Market have completed homes available with some real savings like discounts off the original sales price and generous closing costs available to potential home buyers in communities like Riverview and Ruskin, Florida.  Sales prices onSpec” (speculation) are often the best places to get the best deals.  These homes are built by builders without an intended purchaser in mind (Hence the builder is speculating that they will find a builder to buy the home).

There are thee spec homes available (Harrisburg, Hartford, Dover, and Providence models).  The following is the Harrisburg Model:

Harrisburg Front

Harrisburg first flr

The following is the Hartford Model:

Hartford Front

HARTFORD fIREST fLOOR

The following is the Dover Model:

Dover Front

Dover 1st Floor

The following is the Providence Model:

Providence

Providence 1st Floor

Providence 2nd Flr

Front Elevations and Floor Plans provided by Lennar Homes

KW1784102f20KW.jpgYou should consider using a realtor.  I could save you money especially with new home builders and it does not cost you anything.  So why not?  If you are interested in buying real estate (new home, existing home, or commercial property), please contact me (Alan Lane with Keller Williams Realty a.t 2119 W Brandon Blvd, Brandon, Florida  33511).  As a life long resident of Central Florida, I can help you find the right property for you whether it is in Lakeland or as far south as Sarasota.  The Keller Williams offices of  ”Suburban Tampa” include the offices in Brandon, Plant City, Fishhawk Ranch, and our newest office in Valrico.  My email address is alanlane66@gmail.com, or call me at 813.205.9280.  If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link

Residential Market Insights: May 2016

cropped-lido-waterfront-home_thumb.jpgHOME SALES

The median home price was $222,700 in March, which was up 5 percent from February and up 5.7 percent from last year. The median home price has increased by approximately $12,000 in the past year alone.

HOME PRICE

The National Association of REALTORS® reported home sales at a seasonally adjusted annual rate of 5.3 million homes during the month of March. This was an increase of 5.1 percent from February, and an increase of 1.5 percent from March of last year. Currently, 2016 is projected to outpace 2015 by approximately 720,000 total home sales.

INVENTORY – MONTH’S SUPPLY

There was a 4.5-month supply of housing inventory in March, up from 4.4 months in February. The total number of homes for sale in March increased by 2.3 percent to 1.98 million homes nationwide, but that was still 30,000 fewer listings than March of last year.

CURRENT MORTGAGE RATES

The following is a summary of the current mortgage rates:

May 2016 Mortgage Rates

Source: This Month in Real Estate

Thinking of buying or selling real estate?

KW1784102f20KWYou should consider using a realtor.  If you are interested in buying real estate (new home, existing home, or commercial property), please contact me (Alan Lane with Keller Williams Realty at 2119 W Brandon Blvd, Brandon, Florida  33511).  As a life long resident of Central Florida, I can help you find the right property for you whether it is in Lakeland or as far south as Sarasota.  The Keller Williams offices of  ”Suburban Tampa” include the offices in Brandon, Plant City, Fishhawk Ranch, and our newest office in Valrico.  My email address is alanlane66@gmail.com, or call me at 813.205.9280.  If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link.

Special Financing Available for New Homes in Hawk’s Landing

Are you relocating to Tampa Bay and looking for a large home for a growing family? Hawk’s Landing could be what you are looking for.  Now, there is special financing available!!!   

Hawk’s Landing is located on the east side of 24th Street NE at its intersection with 11th Avenue Avenue NE in Ruskin, Hillsborough County, Florida.  This location has easy access to Interstate 75 and US Highway 41.  Amenities include a clubhouse and resort-style swimming pool.  There are no CDD Fees.  The community features a variety of single family homes (seven floor plans):

  • Pricing from $174,990s to $246,990s
  • Square footage from 1,556 to 3,327
  • Bedrooms from 3 to 6
  • Bathrooms from 2 to 3

This area is known is for some of the better schools in Hillsborough County.  Currently, the schools include the following:

  • Cypress Creek Elementary School
  • Shields Middle School
  • Lennard High School

Although the above schools are the currently assigned to the subject development, I would suggest that any potential buyer check the Hillsborough County website to verify the schools and more information (school grades, school calendar, etc.). If you are relocating to Hillsborough County, you can find your school at click here as well as the school calendar at click here.

Unlike most builders, Lennar offer a home that has everything included.  What does that mean for the buyer?  In the case of upgrades, it is simply a matter of over pricing them above what you could get done from an individual subcontractor.  I’m not saying that Lennar does not offer upgrades, but most of the “typical”upgrades in the modern home as “granite” countertops are included.  Whereas, a lot of builder charge higher prices at their “design centers”.  This is just something to think about when deciding on purchasing a home.

There are several “spec” homes available.  Home builders in the Tampa Bay Residential Market have completed homes available with some real savings like discounts off the original sales price and generous closing costs available to potential home buyers in communities like Riverview and Ruskin, Florida.  Sales prices onSpec” (speculation) are often the best places to get the best deals.  These homes are built by builders without an intended purchaser in mind (Hence the builder is speculating that they will find a builder to buy the home).

There are two move-in ready, 2,902 square foot, five-bedroom/flex/two and one half-bath, Raleigh model offered at $231,090 and 232,590. Front elevation and floor plans are as follows:

There is a move-in ready, 3,092 square foot, six-bedroom/flex/three-bath, Richmond model offered at $240,790. Front elevation and floor plans are as follows:

Thinking of buying or selling real estate?

KW1784102f20KWYou should consider using a realtor.  If you are interested inbuying real estate (new home, existing home, or commercial property), please contact me (Alan Lane with Keller Williams Realty at 2119 W Brandon Blvd, Brandon, Florida  33511).  As a life long resident of Central Florida, I can help you find the right property for you whether it is in Lakeland or as far south as Sarasota.  The Keller Williams offices of  ”Suburban Tampa” include the offices in Brandon, Plant City, Fishhawk Ranch, and our newest office in Valrico.  My email address isalanlane66@gmail.com, or call me at 813.205.9280.  If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link.

Front Elevation and Floor Plans were provided by Lennar Homes.

Popular Loan Types and Your Buying Power

money-7There are three types of loans (conventional, FHA and VA loans) that are popular in the Tampa Bay Market.  As a realtor, it is important to help the prospective home buyer with a general ideal of what they can afford (AKA their buying power) in lieu of a pre qualification from a lender.

Traditionally, lenders require 20 percent of the home’s purchase price as a down payment.  However, many lenders now offer loans that require less than 20 percent down with some as low as 5 percent on conventional loans. If a 20 percent down payment is not made, lenders usually require the home buyer to purchase private mortgage insurance (PMI) to protect the lender in case the home buyer fails to pay.  There are three primary loans that are seen in the Tampa Bay market, which include conventional, FHA, and VA Loans.

Conventional Loans

loan_application_clip_art_24699Conventional loans are fairly conservative loans and are typically used by the home buyers with higher down payments and better credit.  These loans come in a variety of options (Adjustable and Fixed Rate Mortgages) and terms.

According to Credit.com, conventional loans are slightly more restrictive.  Buyers with a loan-to-value ratio above 90% can ask a seller to pay 3% of the purchase price. If the loan-to-value-ratio is between 75% and 90%, sellers can pay up to 6%. Buyers with a loan-to-value ratio less than 75% can ask sellers to contribute up to 9%. Private mortgage insurance (PMI) is applicable to conventional loans under 80%. PMI can be removed once loan-to-value ratio (LTV) reaches 80%.

Unlike PMI, FHA’s MIP lasts for the life of the loan.  PMI is lower than MIP, which is another advantage of a conventional loan.

FHA Loans

moneyhands_217w_gifLoans backed by FHA are popular because the FICO score requirement of 580 is lower than what is required for conventional mortgages and the down payment can be as low as 3.5%.  The Hillsborough County (Tampa) loan limits is currently $271,050 for a single family home.  This is a very good option for most people with bad credit and/or a small down payment.  Keep in mind that any offer should include seller paid some of the buyers’ prepaids, closing costs, and non-allowables.  FHA rules do allow sellers to give up to 6 percent of the home’s purchase price for closing costs.

FHA Requires a Mortgage Insurance Premium (MIP) as part of your monthly mortgage payment is what makes the reduced down payment on your mortgage possible.  FHA uses these payments to insure your lender against losses if the loan goes to foreclosure, which limits the liability of the lender.  As of January 26, 2015, The MIP is calculates on a base loan amount times (.85% for 30 year term or 0.45% for 15 year term) divided by 12 months.  In addition to MIP, FHA’s Mutual Mortgage Insurance Fund (MMIF) has a rate to 1.75% at the loan closing.  Since these loans are insured for the life of the loan, their interest rate is typically better than conventional loans.  This applies regardless of the amortization term or LTV ratio.  The following is a FHA Loan example:

FHA Loans

Please note that this is an example and parameters could and can change.  I suggest that you contact a mortgage professional for more information.

VA Loans

IMG_4140Almost all active-duty military and veterans qualify for Veterans Affairs mortgages including aany reservists and National Guard members and spouses of military members who died while on active duty or as a result of a service-connected disability.  Unlike FHA loans, VA loans are guaranteed.  There is a funding fee that ranges from 1.25% to 3.3% of the loan amount.  Borrowers can qualify for 100% financing. VA loans allow the seller to pay all of the buyer’s mortgage-related closing costs and up to 4% of the purchase price in concessions, which can cover things like prepaid taxes and insurance and even paying off collections, judgments or leases at closing.  I have sold new homes where the lenders actually paid the buyer at closing.

Thinking of buying or selling real estate?

KW1784102f20KW_thumb.jpgYou should consider using a realtor.  If you are interested in buying real estate (new home, existing home, or commercial property), please contact me (Alan Lane with Keller Williams Realty at 2119 W Brandon Blvd, Brandon, Florida  33511).  As a life long resident of Central Florida, I can help you find the right property for you whether it is in Lakeland or as far south as Sarasota.  The Keller Williams offices of  ”Suburban Tampa” include the offices in Brandon, Plant City, Lithia (Fishhawk Ranch), and our newest office in Valrico.  My email address is alanlane66@gmail.com, or call me at 813.205.9280.  If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link.

Move In Ready Sereno Executive Homes Available

Lido Beach MorningSereno Executive Homes are located at the northeastern quadrant of the intersection of US Highway 301 and State Road 674 in Wimauma, Florida.  This location is just minutes from Tampa Bay.  Amenities include gated entry, a clubhouse with a resort style swimming pool, playground, tennis courts, sport court, and trails.  There is an annual CDD fee of $180.02 per month and HOA fees of $45 per month, which appear reasonable considering the community amenities  provided.  The community features two single family homes:

  • Pricing from $322,990s to $339,990s
  • Square footage from 2,709 to 3,353
  • Bedrooms 4
  • Bathrooms from 3 to 4

Currently, the schools include the following:

  • Reddick Elementary
  • Shields Middle School
  • Lennard High

Although the above schools are the currently assigned to the subject development, I would suggest that a potential buyer check the Hillsborough County website to verify the schools and more information (school grades, school calendar, etc.). If you are relocating to Hillsborough County, you can find your school ratings and reviews at click here as well as the school calendar at click here.

Home prices are still very affordable in the Tampa Bay Market.  This is especially true for Spec” (speculation) homes, which are often the best places to get the best deals.  These homes are built by builders without an intended purchaser in mind (Hence the builder is speculating that they will find a builder to buy the home).  Lennar is also offering up to $14,000 in closing costs assistance.

There is a move-in ready, 2,709 square foot, four-bedroom/office/three-bath, Riveria Grande model offered at $299,990. Front elevation and floor plans are as follows:

There is a move-in ready, 3,353 square foot, four-bedroom/den/bonus room/four-bath, Grand Charleston model offered at $317,990. Front elevation and floor plans are as follows:

Thinking of buying or selling real estate?

You should consider using a realtor.  If you are interested in buying real estate (new home, existing home, or commercial property), please contact me (Alan Lane with Keller Williams Realty at 2119 W Brandon Blvd, Brandon, Florida  33511).  As a life long resident of Central Florida, I can help you find the right property for you whether it is in Lakeland or as far south as Sarasota.  The Keller Williams offices of  ”Suburban Tampa” include the offices in Brandon, Plant City, Lithia (Fishhawk Ranch), and our newest office in Valrico.  My email address is alanlane66@gmail.com, or call me at 813.205.9280.  If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link.

Front Elevation and Floor Plans were provided by Lennar Homes.

Should I use a Realtor for New Homes?

You really need to have someone on your side when buying new homes. Additionally, a realtor will also know completing properties to show you as well. Finally, the realtor‘s cost is paid by the builder (most of the time it is considered a cost of doing business) so what do you have to lose!!!

Miranda Blogs Real Estate

Absolutely!!!  Here are the reasons:

  1.   You will not get a better deal without the Realtor.  Builders budget realtor commissions into their marketing budgets.  They know what percentage of their sales involve a realtor and they plan accordingly.  So thinking that you will get a better deal by going in without one is not accurate.  The builder will not give  you a better price mainly because it would ruin the appraisals for the next home they sell.  They are constantly pushing prices up, so you can forget getting a better deal than your neighbor.  In fact, if the builder is one who negotiates at all, the agents generally know when and how much they are negotiating and you do not.  The agent is there to negotiate on your behalf.
  2. Builder contracts are different.  They are designed to protect the builder.  Before you decide to sign without reading all 80 pages…

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