All posts in Florida Realtors

Welcome to Tampa Real Estate News!

Thanks for visiting us at Tampa Real Estate News.  This is a blog developed by Realtors for Realtors, real estate agents and you, the general public.  We want you to feel free to express yourself here without worry for any political correctness.   We only ask that you keep it clean, truthful and within the confines of the NAR Code of Ethics (i.e., don’t badmouth other Realtors, etc.)  Hopefully we can share some insight into our local real estate, as well as our State and National Associations. Thanks for your participation.  Without you, there is nothing to say!

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Tampa Bay home prices predicted to rise in 2012

January 9, 2012

Mark Puente, Times Staff Writer

Home prices in Tampa Bay are predicted to improve 7.4 percent this year, according to a California firm’s report.

This year may bring an end to the starring role Tampa Bay and Florida have played in the national housing crisis.

Home prices in four Sunshine State metro areas are predicted to improve more than most other regions in the country, according to a Clear Capital report released today.

The California-based housing valuation and analytics firm sees a 7.4 percent home price increase in Tampa Bay in 2012, which would make it sixth in the nation in terms of predicted price improvement.

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Mortgage Fees Would Rise Under Payroll Tax Cut Deal

This is a post of a real estate article written by Lenn Harley.

SMOKE AND MIRRORS AGAIN ON CAPITOL HILL.  Read more HERE.

If you’re a real estate agent, a real estate broker, a loan officer, a home buyer or a home owner,

YOU HAVE A TARGET ON YOUR BACK.

Congress has done it again.  The government has targeted one group of Americans to benefit another.  This is what Congress calls “paid for” when they design legislation to benefit one group of voters and sticks their hands in the pockets of another group to “pay for it”.  In most cases of course, the group to benefit are expected to vote for the politician(s) who sponsor the legislation.  In this case it’s an extension of the so called “payroll tax cut”.  This is not a “payroll tax cut”.  Never was and never will be.  It is a clear reduction in the withholding for FICA contribution to fund Social Security benefit recipients.  Of course, as usual, the benefit is immediate and the “pay” for it will be a charge to American home owners and buyer for the next ten years.  Have we ever seen Congress buy any votes by cutting one single $Dollar of

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Thinking about becoming a landlord? You should know this

JUPITER, Fla. – Dec. 6, 2011 – With real estate prices low, many people are considering buying an investment property and becoming a landlord.

It might sound simple, but real estate pros warn that there’s a lot to know. The landlord who doesn’t follow such basic guidelines as conducting a thorough background check can get stuck with a nightmare tenant. It takes both business sense and common sense.

“Most of my tenants, 98 percent, are terrific,” said Jupiter real estate broker and investor Carl Presto, who owns 60 properties. “The problem is that 2 percent.”

The down economy that has resulted in real estate bargains also means it’s more difficult to find a tenant who can afford to pay first and last month’s rent and a security deposit upfront. Landlords report they have to go through 30 to 40 applicants before finding a qualified tenant.

Landlords also find they are competing with foreclosed houses, which some people rent below market, forcing rents lower.

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Paying Too much for Real Estate dues?

TAMPA BAY REALTORS® ARE YOU PAYING TOO MUCH FOR REAL ESTATE DUES?

Pasco—Central     $   75.00

Pasco—East           $ 110.00

Pasco—West         $ 170.00

Pinellas                  $ 168.00

 Tampa                    $ 120.00

Find out more at www.CentralPascoRealtors.org

 

 

MLS committee gives nod, in concept, to new ways to display property listings

Committee also recommends repeal of franchisor IDX indexing policy

By Glenn Roberts Jr.,  Saturday, November 12, 2011.

Inman News™

ANAHEIM, Calif. — A National Association of Realtors committee today recommended that the trade group’s board of directors, which meets Monday, erase a controversial policy relating to franchisors’ pooling and display of Internet Data Exchange listings on their websites.

The NAR Multiple Listing Issues and Policies Committee also approved, in concept, suggested language to broaden the group’s IDX policy to also apply to mobile apps and social media, while eliminating RSS feeds from consideration for the new policy language.

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How a Financial Pro Lost His House

One night a few years ago, when the value of our home had collapsed, our debt was out of control and my financial planning business was shaky, I went to take
out the trash.

There was this enormous window that looked right in on the kitchen table, and through it I could see my wife, Cori, and our four children eating dinner. It
was dark outside, so they couldn’t see me, and I just stood there looking at them.

After a while, I pulled up a bucket and I sat on it, just watching my children eat. I found myself wishing that I could get back there, connected to
the simple ordinary stuff of my family’s life. And as I sat and watched, filled with longing and guilt, two questions kept arising:

How did I get here?

And how am I going to get out of this?

There are many stories these days of people who lost their financial bearings during the housing boom and the crisis that followed, but my story is a bit
different from most. I’m a financial adviser. I get paid to help people make smart financial choices, and I speak and write about personal finance issues for this
publication and others. My first book comes out in January, “The Behavior Gap: Simple Ways to Stop Doing Dumb Things With Money” (Portfolio, a Penguin
imprint).

The thing that few people know, though, is that I learned a lot of this from experience. I made a bunch of mistakes, the very same ones that I now go around
warning people to avoid. So this is the story of how I lost my home, the profound ethical questions that arose along the way, and what my wife and I learned from the mistakes that led us to that point. It made me better at what I do, but it wasn’t much fun getting there.

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Some Realtors criticize use of dues increase for industry lobbying

The National Association of Realtors will have $41 million to spend on the 2012 elections. Some Tampa Bay area Realtors aren’t happy about that.

For years, members voluntarily donated to the group’s political fund when paying annual dues of $115. That changed in May when the group hiked dues by $40 for 2012 and 2013, with the extra to be devoted to lobbying.

“We have no input at all how this is spent,” said Donna Rogers of Elite Realty in Land O’Lakes. “How will this help homeowners?”

Other Realtors declined to talk on the record but echoed the same concern. In the bay area, mandatory dues for national, state and local Realtor groups total about $401.

Seventy-three percent of the $41 million collected for the Realtor Party Initiative will be spent on grass roots actions, the NAR says. Florida Realtors represent more than 100,000 members and will get about $4 million.

In the 2010 election cycle, the Realtors Political Action Committee donated more than $12 million to pro-Realtor candidates for the U.S. Congress. Contributions to that fund are voluntary.

The NAR needed the increase to protect its interests at the local, state and national levels, president Ron Phipps said. He understands the difficulty in asking members to pay extra money in an economic downturn. But the trade association strives to be the influential voice on real estate matters, he added.

“There are monumental housing issues on the horizon that will affect Realtors in their daily businesses,” Phipps said.

Rogers fears money could be spent on candidates or issues that Realtors don’t support. The NAR says that could happen. But Phipps said local decisions will be based on feedback from local members. He encouraged Realtors to get involved in local and state associations to determine where the money goes.

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Foreclosed & Abandoned Homes Seminar

10 AM, Wednesday, October 26th we will have Thomas R. P. Snelling, Green Officer, from the City of Tampa.  Per our request he will address foreclosed and abandoned homes!  Also to be addressed: functions of growth management and development services**realtor due diligence. Please be sure to join us for a very interesting discussion and  topics concerning us all!   Our meeting will take place at our office Fidelity National Title, 3816 W. Linebaugh Av Ste 111…networking and coffee begins at 9:30AM!

Bring your MLS sheets to distribute to your colleagues to make some sales!

Martha Edwards, Fidelity National Title

 

More Realtors purchase errors and omissions insurance

SIOUX CITY, Iowa – Oct. 17, 2011 – More Realtors are buying errors and omissions (E&O) insurance to guard against financial losses from lawsuits due to error, omissions or negligence in real estate transactions. The number of Realtors with the coverage rose to 20 percent in 2010 from 11 percent in 2009, according to the 2011 National Association of Realtors’ Member Profile.

About 27 percent of Realtors in non-franchised subsidiaries of national or regional firms, 26 percent in independent franchised firms, and 17 percent in franchised subsidiaries were given E and O coverage as a benefit in 2010, says NAR’s Stephanie Singer.

NAR does not sell E&O coverage, which is priced according to number of transactions, number of transaction sides or another measure of activity.

Dishonest or criminal acts committed by brokers or agents are not covered by the policies.

Source: Sioux City Journal (IA) (10/15/11) Woodard, Jim

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