Wednesday, April 29, 2015

Pointe West Condominiums in New Port Richey Florida

Selling your condominium in Pointe West in New
Port Richey Florida takes constant and consistent marketing to attract quality home buyers to your condominium. You will want a real estate agent who has a firm grasp of today's technology to advertise your home for sale to buyers all over the world.  I implement a strong marketing plan for you to attract buyers to your condominium in Pointe West.  You want to make sure that your Realtor(R) is experienced in selling condominiums in your neighborhood. I have been assisting homeowners and buyers in Pointe West for years and I am the preferred Realtor(R) of the condominium association in regards to assisting the association in selling the condos that they have taken possession of when owners stop paying their maintenance fee. 

You can rest easy when you hire me to sell your home in Pointe West as I have the experience and knowledge of the community to provide you with the best customer service possible.  One way I make the sale of your condo easier is handling of the condominium documents. Your required by law to provide the buyer of your condo the documents and I purchase those annually and have all of the updated documents and I will deliver them to your buyer or their agent on your behalf so you have one less thing to worry about.  I also handle the application process for you to be sure your buyer has their application in time and there is no wasted time.

The Point West condominium website is a great
resource for listing condominiums for sale and just one more piece of my marketing plan for you.  I can post your condominium for sale on the website on your behalf.  This is something that other real estate agents cannot do for you since they do not have a login account for the website.

Contact me for your no obligation market analysis of your home and I will prepare a comprehensive report for you with recent sales as well as condos that are under contract so you can see what the neighborhood values are.

Tuesday, April 28, 2015

Arborwood at SummerTree in New Port Richey Florida

When it comes to selling your home in Arborwood
at SummerTree in New Port Richey Florida, you will want a real estate agent who has knowledge of today's technology to advertise and market your home successfully to attract quality home buyers.  Given the limit to real estate yard signs, you will need a Realtor who is willing to do direct mail mail marketing to your neighborhood as well as providing you with full internet marketing to reach potential home buyers looking to move to Arborood at SummerTree and New Port Richey Florida. 

Providing you with 2 virtual tours is one thing I do for my customers that not every agent will do. 

You hire me to market your home and I take that job very seriously. You will want your home featured on not only my website but every real estate website including other brokerage websites. Your home will appear on all of the big company websites like Re/max and Century 21 when you hire me to help you sell your home. Blog advertising and social media advertising is also important to work along side Relator.com, Trulia and Zillow internet marketing.

Home buyers looking to move into SummerTree
will start searching online for home well before they hire a real estate professional to show them the homes in person. My goal is to get your home in front of these buyers so they include your home in their home viewing tour.  Often times home buyers contact us and tell us when they will be in town and they already have homes they want to see when they get here. You want your home to be one of the homes they have on that list.  Technology is important to advertising your home and I have the experience and knowledge of technology to provide you that service. 

Real estate advertising does not rely on technology alone. You want an agent who will also provide direct mail advertising and print advertising. This is why I will include your home in the Florida's Fabulous Real Estate magazine so your home has the most marketing exposure possible.

Contact me to schedule your no obligation real estate consultation and market analysis of your home in Arborwood at SummerTree. 





Wednesday, April 22, 2015

Do I Need a Permit to Put a Shed on My Residential Property in Pasco County?

Pasco county Florida does require a permit be

issued to add a storage shed to any residential property regardless of the size of the shed.  The permit for your shed will require an inspection by Pasco county after it is installed on your property.  State law requires construction be performed by a licensed contractor. A homeowner, however, may obtain permits and act as his/her own contractor for constructing residential buildings or sheds on their own property and for their own use.  Investment properties and rental properties require the work be performed by a licensed contractor.  


What Do I Need to Apply for the Permit?

  • A Completed Pasco County Building Permit Application
  • For Owner/Builders, a completed Owner Builder Disclosure Statement
  • Two Site Plans showing the location of the shed on the property, with distances to property lines
  • Two sets of engineered drawings or DCA approved plans showing compliance with the 2010 Florida Building Code
  • Two sets of approved lot grading plans a sealed engineered drainage plan IF the shed is 500 feet or larger, AND the upland area of the lot is one acre or less.
  • Letter of approval from the Health Department IF there is a septic system on the property
  • Two completed copies of the Fill/Drainage/Tree affidavit regarding the placement of fill or removal of trees.
  • Notice of Commencement if the project costs $2,500.00 or more.
  • Application Fee for the Pasco county Permit.
There are also requirements if your property is in a Flood Zone and you should inquire about that when you make application.

You can get more information regarding shed and other permits from the Pasco county Building and Construction Services at the following locations:

8731 Citizens Drive, Suite 230 New Port Richey
727-847-8126
14236 6th Street, Suite 203 Dade City
352-521-4279
4111 Land O'Lakes Blvd. Land O'Lakes
813-929-2749

If you or someone you know is in need of real estate services in the Pasco county areas or New Port Richey, Trinity, Land O'Lakes or Hudson you can contact me online and request information.




Tuesday, April 21, 2015

How Much Do We Offer on The Home We Want?

Searching for a new home is an exciting time and
once you find that prefect house to make your home, you may be unsure about how much to offer on the house.  Often times if you really want the home and if the local housing market is moving quickly you may want to make a full price offer providing it is a realistic price.  Your Realtor(R) can advise you in this area.  We cannot tell you how much to offer, but we can advise you on the market conditions and what comparable homes have sold for.

I give you what is called a quick cma. This is a less flashy Comparative Market Analysis that only shows you the statistics of what has sold and what is currently under contract.  This quick cma will give you a snapshot of the local market and what the maximum, average and minimum sales prices have been in the last 3-6 months.  We will be cautious to not go back further than 6 months since the market in our area of New Port Richey & Trinity Florida is increasing and if we look at data that is too old, your offer may be inferior to another persons offer and you may not get the house.  Ideally, I will show you local real estate market activity for the last 3 months. This is something that any real estate agent should be doing for you when you are thinking about how much to offer on a home

One important aspect of the Comparative Market
Analysis (commonly referred to as a CMA) is the days on market of the homes in the report.  Generally speaking, a home that has been on the sales market for a longer period of time than other homes will most likely sell for less money than other homes in the neighborhood. Looking at the days on market can help you decide how much to offer on the home you like.  I always meet with you for a consultation to go over the data in the reports so you can make an informed decision on how much to offer. My job as your real estate professional is to make sure you get the home you want at a fair price and I take that part of my job very seriously. 

When a homeowner lists their home for sale, they also review a Comparative Market Analysis to evaluate the right asking price for their home. The report they see will be almost identical to the one you see provided both Realtors(R) prepared there reports properly. This is why I say that often times you may want to make a full price offer to be sure you get the home that you want.  The seller has most likely priced the home in a fair price range based on the CMA.  Our local Real Estate market in New Port Richey and Trinity Florida is a sellers market and with that variable added to the equation your ability to make a lower offer or a low-ball offer (thats a super low offer) may not get you the home.  Recently I had buyers who balked at list prices of homes and every one of those houses went under contract and sold. Listen to the information that your real estate agent is giving you.  Don't lose out on the house! Contact Me online anytime for more information about how much to offer on a home or home much you should ask when selling your home in Port Richey, New Port Richey or Trinity Florida. 

Sunday, April 19, 2015

4831 Eastfield Ct. New Port Richey Florida - Villa For Sale

This adorable 2 bedroom 2 bath Villa home has an attached garage and is located on a cup-de-sac in the highly desired community of Heritage Lake in New Port Richey Florida.  You can enjoy maintenance free living in this condominium owned home. Roof maintenance and other exterior maintenance are included in your monthly condominium maintenance fee.  You will like the large screened and covered patio which has french doors leading to the living room and master bedroom.


The large master bedroom has no shortage of storage or closet space and the master ensuite has  walk in shower and large counter.  This home just had all new ducts installed in April 2015 and has been well maintained over the years.  The second bathroom has a tub/shower combo and is located by the second bedroom.  The bedrooms are in a split floor plan for privacy. Contact me if you would like more information about 4831 Eastfield Ct. new Port Richey Florida. 

Friday, April 10, 2015

Big Changes to the HUD-1 as of August 1, 2015

Over the years the HUD-1 Settlement Statement
for real estate transactions had has numerous changes made to how the settlement statement is created.  This change that takes effect on August 1, 2015 will change the HUD-1 so much that it will no longer be called the HUD-1 settlement statement.  The new name for the closing document is the "Closing Disclosure".  

Why You Ask?
Because the Dodd-Frank Act of 2010 mandates the combination of the Truth In Lending Act (TILA) loan disclosures with the Real Estate Settlement Procedures Act (RESPA) Good Faith Estimate (GFE) and the Hud-1 Settlement Statement disclosures.  In essence, it is all in one Closing Disclosure

Whats Different?
The main change is that the "Closing Disclosure"
is to be issued 3 Days Prior to Closing and the CFPB -Consumer Financial Protection Bureau can levy substantial penalties of up to $5,000 per day for any violation of law, rule, or final order or condition imposed by the writing bureau. Up to $25,000 per day for any person that recklessly engages in a violation of a Federal consumer financial law and up to $1,000,0000 per day for any person who knowingly violates a Federal consumer financial law.

With the 3 Business Day waiting period, if a change needs to be made to the closing disclosure there are certain instances where a new 3 Business Day waiting period will be required after the change is made. I suggest you know these circumstances and as early as June you start telling your customers or clients about the changes.  The 3 Business Day waiting period can easily delay a closing by as long as a calendar week if there is a holiday in that week. I suggest you schedule Monday closings as often as possible. 

The Form itself is a nice change. It is larger in print, more defined as to the sections and it is alphabetized as opposed to the old "line numbers". I think the consumers will find the new Closing Disclosure much easier to read and understand. There are more changes I chose not to talk about here and I suggest you find out as much information on the Closing Disclosure as possible but I wanted to mention my favorite change, the closing will no longer be called a closing.  The new term for the closing is "Consummate" 
Thats Right....Buyer and Seller will Consummate their transaction. 
written by Michael J. Gallo - Some information may change prior to August 1, 2015. I advise you research the topic and get as much information as possible. 


Thursday, April 2, 2015

Port Richey Florida Market Report March 2015

Port Richey Florida is a great place to call home.

Not only because I live here, but Port Richey is located between New Port Richey and Hudson Florida on the Gulf of Mexico. With local beaches and parks, there is always something to do in Port Richey Florida. Waterfront dining is right in our backyard. Whether it be along the mouth of the Gulf or on the River, we take waterfront living in Florida seriously. 

Market Report - Port Richey - March 2015
Active Homes: 108 - $25,900 - $399,000
Active With Contract: 46 - $34,900 - $239,000
Pending Closing: 82 - $19,900 - $249,000
Sold Homes: 99 - $32,000 - $387,000

Average sold price for a 2 bedroom home in Port Richey is approx. $75,000 with 3 bedroom homes selling at approx. $87,000 for Non Waterfront homes on lot sizes from .18 - .24 average acres.
All information deemed accurate but not guaranteed

Contact me for a no obligation market analysis of your home in Port Richey Florida. I have lived and worked in the Port Richey Florida community for over 20 years and I know our local real estate market and how to advertise homes to sell.

written by Michael J. Gallo



Are Open Houses Useful when Selling Your Home in Pasco County Florida

Helping people sell and buy homes in Pasco
county Florida for years has given me a bit of insight into how useful an "Open House" is when selling your home in Pasco county.  A traditional Open House where your agent sets up snacks and opens up your home to the general public has proven to be the least successful way to advertise your home for sale. Why? Serious home buyers that are ready, willing and able to purchase a home rarely go to an Open House.  These serious home buyers are out with their real estate agent on the weekends looking at homes that fit their specific needs. That leaves your open house to the neighbors and look loo's to pop by and have a snack.

The "Broker Open House" is a bit more effective way to have an open house and advertise your home for sale. With a Broker Open House, your Realtor(R) will invite Brokers and real estate agents to come and see your home.  This is more effective for you since the real estate professionals that come to your Open House work with home buyers and we go to Broker Open Houses so we can preview potential homes for our buying customers.  The second advantage to a Broker Open House is the feedback. You will receive feedback about your home, how it shows, curb appeal, pricing etc...this feedback is from licensed real estate professionals in the area and from a variety of real estate brokerages. 

Let's look at your open house in another way. You
want to open your home up to strangers on the weekend for them to come in and look around. People who go to open houses are generally looking for decorating or remodeling ideas and they are not serious buyers. As we already said, serious buyers are out on the weekends with their Realtor(R). This opening up of your home also opens you up for crime. The visitors to your open house now know how many T.V's you have, which windows are for the master bedroom, if you have a dog, an alarm system, locked fences etc.... This is another reason I suggest only having a "Brokers Open House" mid week and around lunch time.

If you know someone who need a residential sales agent in New Port Richey, Trinity, Port Richey or Hudson Florida, you can contact me online anytime and I will respond within 24 hours. 

written by Michael J. Gallo