Heritage Lake Community in New Port Richey Florida

Heritage Lake in Trinity Florida is a wonderful neighborhood reserved for those age 55 and over. The neighborhood is located convenient to shopping and dining in the New Port Richey.  Homes in the Heritage Lake community vary in size and style so you are sure to find a home style that meets your needs.  I have assisted home owners in Heritage Lake to sell their homes for years and I know that it takes more than just having your home in the MLS to attract home buyers to your home for sale. You can rely on my local real estate expertise in Trinity and New Port Richey to help you get your home in Heritage Lake Sold. 

The community of Heritage Lake has a Home Owners Association and the community maintains common areas and grounds so you can expect the see well manicured laws and landscaping throughout the community.  You can also enjoy the community pool, tennis courts and other social activities right inside the neighborhood.  The community is located off of US1 (Little Rd.) and just to the north of SR54 in Trinity. The Suncoast Parkway is about 20 minutes by car which takes you to points south and north like Tampa and Brooksville. Click here to see what's near the Heritage Lake community.

You need a tech savvy real estate professional who knows how to properly photograph and advertise your home in Heritage Lake to attract the most amount of buyers to your home for sale.  You can contact me online or call me to discuss my marketing plan for selling your home. I'm here to help anyone with their real estate needs in New Port Richey, Trinity and Port Richey Florida. 

What is a "CMA" or Comparative Market Report

Whether you are selling your home or thinking about selling your home and even if you are buying a home, a "CMA" or Comparative Market Report contains invaluable information about your neighborhoods recent real estate market activity.  Trulia and Zillow give you an estimate of your homes value and it has been proven that these websites do not have accurate and complete information about your homes current market value. These websites have a long delay in updating their information and quite often they do not have their information correct to begin with. This is why I urge you to consult with a Realtor in your area who can create an accurate market report for you. 

What exactly is a "CMA" or Comparative Market Report?

The real estate professional you contact to prepare your report will research your neighborhood real estate activity and compile a market value range for your home.  How do we do this?
You should be asked by your Realtor if you have made any improvements to your home. How old is your roof, how old is your HVAC system, have you replaced your homes windows etc... You should also inform the real estate agent of any updates you have done like kitchen or bathroom renovations.  We need to know this information so we can accurately compare your home to the others in your neighborhood. 

We then research the MLS system for "comps" or comparable homes. These are homes in your neighborhood with similar floor plan, sure footage and features that are most similar to your home. Should you own a unique property in a community of varied home styles, we take it a but further and I would urge you to speak to a Luxury home professional with experience in unique homes.   Once we have "comps" for your home we look at these specific criteria. Homes that have Sold in the last 3-6 months. Homes that are currently Pending closing. These Pending homes have executed contracts on them and are moving forward to being Sold within the next 30-60 days. These homes are very important as they show us what the home price were that attracted buyers to make an offer on the house. Homes that are Active with Contract are also included in your report. These homes have executed contracts on them but the financing, inspections or other contingencies of the sale have not yet been met. Once these contingencies have been satisfied the home will move into a Pending status. Therefore Active with Contract homes as just as important as those that are already Pending. 

Withdrawn homes are ones I do not include in your report. These homes have been removed from the market for any number of reason and will not be included by an appraiser at the time your homes appraisal is performed. Expired homes can show us what price range was too high to attract a buyer as they have "expired" without a sale during the term of their listing agreement with the Realtor.  Our professional opinion on Expired homes is that they will not necessarily be beneficial to your report and often times they are excluded.  My job is to give you the most comprehensive and accurate information and Withdrawn or Expired homes have too many variables to their situation that would require speculations on our part.

I offer you the ability to receive a comparative market report delivered right to your email. You can fill out my online contact form and request the information. I will need to call you to discuss your upgrades and homes features so please include your pone number. I Will Not solicit your business to list your home and I do not require you to sign or agree to anything in order to get your Comparative Market Report. We serve the cities of Trinity, Odessa, New Port Richey, Land O'Lakes, Port Richey and Hudson Florida.

  

What is the Difference Between a Short Sale and a Foreclosure Sale

Around 2007 the real estate market in Florida

changed and we saw an influx of short sale transactions. We still have a good number of homes for sale as a short sale but in far fewer numbers than before.  So what exactly is a "Short Sale"?  When a homeowner owes more on their home than the market value and asks the bank who financed the home to accept a payoff amount that is less than they owe.  The homeowner lists the home for sale at fair market value and the bank decides whether or not to accept the offer from the buyer.  The short sale process is more involved for the homeowner and their agent and from the buyers side, the process is long and there is no guarantee you will get the home for the price you offered (or at all) even though the home owner signed a contract to purchase.  Every short sale is different and the transaction hinges on the seller providing the bank with all the required paperwork and you may not get an answer on your offer for 60 days. 

If you want to sell your home in western Pasco county Florida and think you need to do a Short Sale, contact me. I have the experience and professional short sale negotiator to assist you.

A foreclosure or (REO) sale is when the bank who financed the home has taken ownership because of non payment by the homeowner by enforcing their lien. Florida is a lien theory state where you own the home and have your name on the deed from the day of closing even if you are financing the purchase. Your bank creates a "mortgage" which is a lien on the property which holds it as collateral for your loan. Basically when you buy a home, you are using the house you do not own yet as the collateral for the loan. Since we are lien theory the bank must foreclose on non paying home owners. A foreclosure is a legal action taken by the bank to gain ownership.  The case must go through the court system before the bank becomes the owner. It can take up to 2 years in Pasco county for a foreclosure to be finalized and the bank get title. 

When you look to buy a foreclosed home you must keep in mind a few things:

• Hire a Realtor(R) who has experience with foreclosure sales. The process is different from any other sale and you can lose the home if your agent is not competent.
• Forget logic, reason and emotion. Your buying the home from the bank and they only accept highest and best offers and we are dealing with a company not a person.
• Homes are sold "As-Is" and you amy be required to pay the Sellers state transfer tax at closing so you will want to figure that into your available cash as it will be part of your closing costs. 
• You have the right to inspect the home and decide not to buy it based o the home inspection.
• If you finance with FHA and the FHA appraiser has repairs that are required, the bank may do the repairs up to a certain dollar amount so be sure to read the real estate addendum the bank has you sign.
• Try to get your inspections done fast and put a short inspection period in the contract. 
• The Bank DOES NOT DISCLOSE anything. They know nothing about the home. You and your agent need to do your due diligence. Pull permits to search age of roof, a/c etc..check for geological reports for settlement issues, have your agents preferred title agent run quick search for liens or assessments on the property. 

You can still get a good "deal" on a foreclosed home in Trinity, New Port Richey or Hudson Florida but if you want to go that route and get a home for a low price in our area  I will tell you that the homes will need work, have been neglected and if it's too cheap to be true it probably is. Please contact me if you think you need to short sale your home. I have the experience and network of professionals to assist you and successfully sell your home as a short sale. 

Trinity Florida Real Estate Market is Moving - It's Time to Sell

The Trinity Florida real estate market is moving and homesare selling at a quicker rate (less time on market) than in years past.  We are also seeing home sales with higher sale prices than before.  These indicators are positive signs that the Trinity Florida housing market is recovering and with constant improvement to the time a home for sale is on the market and sales prices, we are confident that the trend will continue for the 4th quarter of 2014. 

Selling your home in Trinity does mean that you have some

competition from other homes for sale and fewer of them are distressed properties which means that your homes market analysis is very important and you should rely on that information being provided by an experienced and knowledgable Realtor(R).

There are many real estate agents who advertise in Trinity Florida and want your business and many of them have their office in other areas of New Port Richey which is fine but as a Realtor(R) with Florida Luxury Realty I have an office in the Trinity community and we have been helping the homeowners of Trinity sell their homes for over 15 years. You can rely on my experience and knowledge to work for you as I am not only a Realtor(R) but I teach real estate both at Florida Luxury Realty and the West Pasco Board of Realtors(R) where I am the 2014 Education Committee Chairperson.  You should expect that the real estate professional you hire to sell your home is a dedicated Realtor(R) and who makes helping people sell their homes a career and full time commitment. 

Should you or someone you know require the services of an

experienced Realtor(R) in Trinity, please contact me. You can use my online contact form and request information or ask any questions you may have even after normal business hours and I will respond within 24 hours.  My customers satisfaction is my motivation and helping you reach your goals is my overall goal. 

written by Michael J. Gallo

Florida Luxury Realty Certified Luxury Home Sales Professional