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Tampa Realty Now: How Clients Love Thee…Let Us Count the Ways!

by Craig & Linda Nowicke

Valentine’s Day is this week and there is no better time to count the many ways that Craig and Linda Nowicke of Tampa Realty Now are loved by their clients!

  1. “She [Linda] went over all details with me including other houses selling in the neighborhood. She was very knowledgeable about the neighborhood and the surrounding area. She was upfront about the price of similar properties. She is incredible in marketing and staging to get the most value in your home." Kathy C.

  2. Linda and her team should be your " go to" real estate company when buying or selling a home. Very knowledgeable and professional. Responds to issues in a timely manner. Carrie B.

  3. We met Craig and Linda Nowicke when we were looking to buy a new house, they were the realtor of the seller. We were so impressed with her service, her demeanor and her professionalism that we asked her to sell our then current home, too. After the success of those transactions, we had Linda sell a rental property recently as well. Bringing our repeat business to Linda was an easy choice, the only choice, and we will do it again! Mike W.

  4. Linda, Craig did a really nice job videoing our house. Please thank him profusely. How do we give the drone a tip?! That medium is truly unsurpassed to show the golf course proximity & view. He [Craig] definitely has a photographer's eye and a perfect voice for the work. I saw one out of place tv tray! We are gratefully enjoying a welcome slower pace and short to do lists. Thank you for representing our home so professionally. We have not seen a golf course view as nice or any home as fully remodeled, we're spoiled! Hope we all make some family happy here. Jerry & Maribeth M.

  5. Linda was such a pleasure to work with! She sold our house in 72 hours with two offers! She was very invested in our needs and took the time to help us find the perfect home for our growing family. Linda's knowledge and expertise was amazing and she guided us every step of the way. We would recommend Linda to anyone that is looking for a realtor! Sabrina S.

  6. When selling my Florida home, I reached out to Linda because she was knowledgeable of the market in my area and has a proven track record in the development I lived in. Not only did Linda secure my asking price she was able to work with the buyers to assist them with securing financing. Although selling a house can be stressful, Linda's expertise was invaluable, mainly because I live in Pennsylvania and relied on her to make certain the home was in sellable condition throughout the entire for sale process. I highly recommend Linda and Craig to assist everyone looking to buy or sell a home within their market reach. Robert B.

  7. There is no one better than Linda. Her expertise in the field allows her to develop her own predictions of market trends versus relying solely on typical trend tools. This paid off for us when we sold our home as we made a larger profit than we thought we would. Our home sold in 24 hours and the marketing Linda used as well as her staging advice and pricing strategy made that happen. Thank you, Linda!  Michael T.

  8. Linda is a consummate professional who brought years of expertise and knowledge to our buying experience. She always had our best interests at heart in all of her dealings with us and made sound recommendations when we needed them. A buyer would be hard-pressed to find an agent of Linda's caliber anywhere. Highly recommended!! Dara C.

  9. I had the pleasure of closing on my townhome with my agent Linda Nowicke, PA. I have been completely satisfied with Linda's performance, experience, engagement and marketing plan that resulted in a quick sale. Linda's most important quality was her understanding of my needs and expectations. Linda is an expert in her field! I will reach out to her when it's time to sell again and will refer her to anyone as I am confident she will outperform any real estate agent. Ian O.

  10. Linda, this is long overdue but I wanted to take a moment to thank you for all of your outstanding services during our home search and relocation process. Your assistance in helping us understand the local market and make a good housing choice is very much appreciated. In addition, you went above and beyond what any realtor has ever done for us before in helping us address some of the other details related to closing our home.  For example, being at the home to help resolve some of the inspection items on our behalf, when we could not be present was extraordinarily helpful. We have completed eight moves in our past and, without a doubt, can say that you have been the most customer focused realtor we have ever worked with. Again, many thanks for all your terrific assistance. Larry & Carol A.

It is clear that providing professional real estate services for their clients is a labor of love for Craig and Linda Nowicke. If you are looking to buy or sell a home in the Tampa area, call them today at 813-728-3880!

YOUR HOME SEARCH STARTS HERE                   FIND OUT WHAT YOUR HOME IS WORTH  

Tampa Luxury Home Housing Report - January 2018

by Craig & Linda Nowicke

The charts below show the 7-day and 90-day rolling averages for list pricedays on market, and inventory for the metro area's luxury market (e.g. top 10 zips with median prices above $500k)

ILHM-TAMPA VS NATIONAL

The charts below compare the ilhm-tampa luxury market with the ILHM National Luxury Market Index and show 90-day rolling averages for Median List Price and Days on Market.

The chart below shows the Altos Market Action Index for the metro area's luxury market and the National Index.

Statistics provided by the Institute for Luxury Home Marketing.

Courtesy of Tampa FL Realtor Linda Nowicke.

Stand Out to Sellers with a Mortgage Loan Pre-Approval

by Craig & Linda Nowicke

Across the country right now, the number of buyers seeking homes far outnumbers the number of homes available.  Because of this, the housing market is super competitive and buyers often need to do something to stand out.  One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even in a less competitive market, knowing your budget will give you security of knowing if a home is within your reach.

One of the many advantages of working with a local real estate professional is that many have relationships with lenders who will be able to help you with this process.  Once you have chosen a lender, you will need to fill out their loan application and provide them with vital information regarding your credit, debt, work history, down payment and residential history.

There are 4 Cs that aid in determining the amount you will be qualified to borrow:

-          Capacity: Your current and future ability to make payments.

-          Capital or cash reserves: The money, savings, and investments you have that can be sold quickly for cash.

-          Collateral: The home or type of home that you want to purchase.

-          Credit: Your history of paying bills and other debts on time.

 

Getting pre-approved not only shows sellers you are serious, but also speeds up the process of completing the purchase once your offer has been accepted.

Many people overestimate the down payment and credit scores needed to qualify for a mortgage.  If you are ready to buy, you may find yourself pleasantly surprised at what you can afford!

 

http://www.tamparealtynow.com/Blog/How-to-Negotiate-for-the-Best-Deal

http://www.tamparealtynow.com/Blog/The-50-20-30-Rule-Creating-a-Budget-You-Can-Live-With

http://www.tamparealtynow.com/Blog/Why-You-Should-Hire-a-Realtor

THIS HOME IS OFF THE GRID!! NO ELECTRIC BILLS THANKS TO NEW, WHOLE HOUSE VIVANT MOSAIC SOLAR SYSTEM (a $30K value)!! Charming 1-story, 3 bedroom, 2 Bath, PLUS BONUS ROOM, 2-car garage home has a completely fenced backyard! NEW EXTERIOR PAINT in 2017 offers loads of curb appeal in a cul-de-sac! The GREAT ROOM plan with built-ins, cathedral ceilings & easy-care tile blends seamlessly with the kitchen with acres of counter space, oodles of 42" cabinets, full appliance package, ISLAND & closet pantry! A separate dining space adjacent to the foyer features double FRENCH DOORS. A BONUS ROOM makes a perfect home office or playroom! The master bedroom offers wood floors, cathedral ceilings & ceiling fan. The master bath features a space-saving pocket door, new dual sinks & faucets, maple cabinets, a walk-in closet, garden tub & separate walk-in shower! Bedrooms 2 & 3 share a sparkling full bath. The extended, screened lanai overlooks the spacious backyard & is the perfect spot to Barbeque & entertain! Extras include a NEW 15.5 SEER A/C, hot water heater, garbage disposal & all sinks, fabric storm shield for all windows & doors, pull-down stairs in the garage, gutters & downspouts & a sprinkler system! Plantation Palms offers 18 HOLES OF CHAMPIONSHIP GOLF, the on-site, full-service Mulligan’s Restaurant, LIGHTED DRIVING RANGE & MINIATURE GOLF! Just minutes to the LAND O LAKES SPORTS COMPLEX with POOL, public library, PUBLIX, & Tampa Premium Outlet Mall! Easy access to the Vet's X-Way & Tampa International Airport!

For more information, please call Linda Nowicke at 813-413-4343; email info@TampaRealtyNow.com; or visit our web site at TampaRealtyNow.com

Wonder what your Tampa area home is worth? Visit TampaRealtyNow.info 

Want to search for Tampa FL Real Estate? Visit TampaRealtyNow.net

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Truth or Fiction? Real Estate Myths

by Craig & Linda Nowicke

Whether you are buying or selling a home for the first time or you are a seasoned veteran of buying/selling real estate, chances are you think you have the knowledge needed to navigate the process based on what you have read or heard from friends and family. Unfortunately there are a plethora of myths circulating about buying and selling a home that have become prevalent, but just aren’t true.  The pitfall of believing everything you hear or read is that real estate myths can hurt you where it counts…in the wallet.  Here are eight common ones that can cause home buyers/sellers to make unnecessary mistakes:

 

  • Set your home price higher than what you expect to get. Setting your asking price too high, may actually net you a lower price. That’s because many shoppers and their real estate agents will not look at houses that are priced above market value. While it’s true that you can lower your price if you have not gotten offers in the first few weeks, “Buyers are highly suspicious of houses that have sat on the market for more than three weeks,” says Nela Richardson, chief economist for the brokerage Redfin.

 

  • You can get a better deal as a buyer if you don’t use a real estate agent.

This is a false assumption. When a house is listed with an agent, the total sales commission is already built into the price.  If the buyer doesn’t use and agent, that just means the selling agent will get the entire commission.

 

  • You can save money selling your home yourself.

While it is possible to successfully sell your home on your own, there is a great deal of work that goes into it. You must know how to get the home listed online, market it to prospective buyers, negotiate the contract and deal with any issues that arise during the inspection or loan application phases.  In addition, buyers will expect a significant discount, so what you might save on real estate commission may not be as much as you thought it would be.

 

  • The market will only go up.

Over the years, homebuyers and sellers have experienced a time of increasing home values, then a sharp decline due to the economy and then an upturn where values increase again.  But many people believe the market only goes up.  You need to be aware that prices can fall dramatically.

 

  • You should renovate your kitchen and bathroom before you sell.

If your kitchen and bathroom are in working order, an extensive remodel could be a mistake. Potential buyers might not like what you’ve done with the place, but they don’t want to change something that has just been renovated.  Ask your Realtor what updates they recommend to ensure that you do not over improve.

 

  • You’ll earn back what you spend on renovations.

Repairing things like your heating system, air conditioner or roof may help your home to sell faster, but you probably will not recoup dollar for dollar what you spend. Check out Remodeling Magazine’s 2017 cost-vs-value report.

 

  • All the properties listed in the multiple listing service show up online.

Your agent must choose to let the listings show up online. Most do, but it’s a good idea to verify that yours will.

 

  • Open houses sell properties.

Homes rarely sell to buyers who have visited them during open houses.  Agents like to have open houses because it helps them to find additional potential customers.  If you and your agent opt not to have an open house, it probably won’t hurt your chances of selling.  On the other hand, having a broker’s open house for other agents might be worthwhile.

 

If you are thinking about buying or selling a house, the professionals at Tampa Realty Now can assist you in the process and keep you avoid the pitfalls of real estate myths.  Give them a call today at 813-728-3880!

http://www.tamparealtynow.com/Blog/Heres-How-to-TellThat-Youre-Ready-to-Sell

http://www.tamparealtynow.com/Blog/How-to-Negotiate-for-the-Best-Deal

http://www.tamparealtynow.com/Blog/Deal-Breakers-for-Home-Buyers

The Perks of Downsizing

by Craig & Linda Nowicke

Have you recently become an empty nester with a home spacious enough for a large family?  Maybe it’s time to consider downsizing.  There are numerous perks to downsizing to a smaller home:

  • Saving Money. You will not only save on your monthly mortgage payment in a smaller home, you will also save money on frivolous living.  One of the advantages of downsizing your home is that you can stop wasting money on furniture, and home décor that are used to fill space rather than to fulfill a function.  Filling a smaller space will allow you to prioritize what items are important and necessary for you.
  • Less Stress.  After working hard all week to pay the bills, it’s no fun to have to spend your weekend doing chores.  A smaller home equals fewer chores and less upkeep. This will free up time for leisure activities for enjoyment and relaxation.
  • Save energy. If you live in a large home, you know that energy costs can be expensive.  Smaller homes will not only save you money on heating, cooling and water costs, it will also allow you to reduce your carbon footprint.
  • Free time for travel.  With additional disposable income and less upkeep needed, a smaller home will afford you the time and cash for travel and adventure.  Weekend getaways or even long trips are less of a hassle now that you don’t have to worry about being house-poor.
  • A new beginning. Downsizing can be the beginning of a new chapter in your life.  If being an empty nester has you feeling down, a lifestyle change might be just what you need to start focusing on how you want to spend your time, money and energy. 

If you are thinking about downsizing, the professionals at Tampa Realty Now can help you get your current home on the market and sold.  We can also help you find your new home.  Now is a great time for new beginnings, so call today! (813) 413-4343

http://www.tamparealtynow.com/Blog/Heres-How-to-TellThat-Youre-Ready-to-Sell 

http://www.tamparealtynow.com/Blog/Why-You-Should-Hire-a-Realtor

http://www.tamparealtynow.com/Blog/Deal-Breakers-for-Home-Buyers

Tampa Luxury Home Housing Report - December 2017

by Craig & Linda Nowicke

 

The charts below show the 7-day and 90-day rolling averages for list pricedays on market, and inventory for the metro area's luxury market (e.g. top 10 zips with median prices above $500k)

ILHM-TAMPA VS NATIONAL

The charts below compare the ilhm-tampa luxury market with the ILHM National Luxury Market Index and show 90-day rolling averages for Median List Price and Days on Market.

The chart below shows the Altos Market Action Index for the metro area's luxury market and the National Index.

Statistics provided by the Institute for Luxury Home Marketing.

Courtesy of Tampa FL Realtor Linda Nowicke.

‘Tis the Season…Tax Season!

by Craig & Linda Nowicke

The hustle and bustle of the holidays are over and a new season has begun…tax season.  Now is the time to start preparing to complete your 2017 tax return.  Here is a list of things you can do this month to make tax time a little less stressful:

  • Contribute to retirement accounts.  If you haven’t funded your retirement account for 2017 yet, now is the time to do it.  For a traditional or ROTH IRA the deadline to do so is April 17, 2018. But if you want to start compounding tax free interest as quickly as possible, make those contributions now!
  • Make a last-minute estimated tax payment.  If you didn’t pay the IRS enough money throughout the year, you may have a hefty tax bill coming your way.  You might owe some interest and penalties as well.  If you make an estimated payment by January 15, you can avoid a penalty for the fourth quarter and save money.  Try not to pay too much though.  It’s better to owe a little money than to get a refund.  The IRS doesn’t pay you any interest on money they are borrowing from you.
  • Organize your records.  Yes!  Do it now!  Good organization may not change the amount of money you must pay, but it will certainly make the process of filing your taxes easier.  Prepare a tax checklist to get all your ducks in a row.  Have a tax folder or binder in which you keep all documents and receipts.  Taking the time to get organized now will save you time and energy when it is time to file your taxes.
  • Find the right tax forms.  You can view and download tax forms on the Internal Revenue Service web site or you can have them mailed to you.  The IRS can also provide you with a private web site that lists state government sites where you can pick up state forms and publications. 
  • Itemize your tax deductions. While it may be easier to take the standard deduction, you may save money if you itemize.  Especially if you are self-employed, own a home, or live in a high tax area.  It is worth the time and effort when you see how much money you can save.  This list of the Top 500 Itemized Deductions will come in handy for that!
  • Decide if you need help.  Avoid the panic of last minute calls to accountants by preparing in January.  You will have plenty of time to determine if you are going to need help completing your taxes and won’t be scrambling for assistance as the deadline looms.

http://www.tamparealtynow.com/Blog/The-Unexpected-Costs-of-Selling-a-Home

http://www.tamparealtynow.com/Blog/The-50-20-30-Rule-Creating-a-Budget-You-Can-Live-With

http://www.tamparealtynow.com/Blog/Why-You-Should-Hire-a-Realtor

How to Negotiate for the Best Deal

by Craig & Linda Nowicke

It seems that negotiation has become a lost art in the world of real estate, and that’s unfortunate because the truth of the matter is, if you don’t ask…you don’t get. While sellers want the highest price and buyers want the best deal, they must meet somewhere in the middle for the deal to close. Negotiation is a vital part of selling or buying a home because it is the largest asset people own and there is a lot of money at stake. Here are some guidelines for what sellers and buyers might ask for in real estate negotiations:

Price

Negotiating the best price means different things for sellers and buyers.  The seller wants the highest price and the buyer wants to pay as little as possible.  For a successful transaction, they must compromise and come up with a price that is acceptable to both.

Closing Costs

Prepaid closing costs are paid by buyers for their mortgage.  These are funds that the mortgage lender holds in escrow for expenses like taxes and insurance.  A buyer may ask a seller to cover some or all their closing costs either with a flat dollar amount or up to a percentage of what’s an allowable contribution for a lender.  If a buyer asks the seller to do this, they are likely going to pay a higher asking price.

Closing Date

Sometimes sellers want to get out of a home quickly because they need the capital from that house they are selling to put toward a new real estate purchase.  The closing date will also affect they buyer’s monthly cash-flow because when a buyer closes on a house, they skip the next month’s mortgage payment, therefore they may want to negotiate to close at the beginning of a month.

Financing Contingencies

When there is a financing contingency in place for a real estate transaction, it can tie up a seller’s property for a required 30 to 60 days.  For this reason, many buyers prefer buyers coming to the table with cash offers. If you are competing with cash buyers, you may want to figure out if you can drop the financial contingency, which will shorten the closing time line. You can do this by getting pre-approved for a home loan prior to making an offer.  Mortgage preapproval shows that your finances are in order and you can afford the home.

Home Warranty

As a buyer, you can request a home warranty. As a seller, you can offer one.  This home protection plan covers things like appliances and systems such as the hot water heater or air conditioning, in the event they repair or replacement.

Leaseback

The moving process is stressful and labor intensive.  Sometimes a seller will need extra time to get into their new home.  When this happens, buyers can offer a lease-back for a reasonable period of time to persuade the seller to accept their offer over others. 

Home Repairs

With a home that needs a lot of updating there comes ample opportunity for negotiation. Buyers need to consider the cost of bringing the home up to current standards and use the estimate of that cost to request a lower asking price.  The seller, on the other hand, can specify that the house is being sold “as is” and not offer any repairs. 

Appraisal Contingency

A seller can push for a buyer to waive the appraisal contingency,  however, if for some reason the appraisal falls short of the expected amount, they need to be prepared for the amount of cash they might have to pay should the bank only be willing to lend them money based on the appraised value.

Furniture

Personal property such as patio furniture, window treatments and chandeliers is all up for grabs.  The buyer can ask for these things to be included in the contract.  Sellers need to determine what they are willing to leave behind.  And any exclusions need to be specifically listed in the contract as well.

Appliances

Depending on the market, sellers don’t always leave every appliance for the buyer.  They may include the dishwasher, stove and built in microwave in the contract but not the refrigerator, washer and dryer.  Sometimes they don’t want to give everything away up front so that they can use these as items for negotiation.

Inspection

When sellers waive inspection, they often find themselves with "buyer’s remorse", but they can try to shorten the time frame for inspection, from 15 days to 7 days.  However, today’s lending practices and the TILA RESPA  Integrated Disclosure (TRID) make this hard to do.

Condo/Co-op Assessments

These are fees that are used to maintain common areas in a community. If there is an open assessment, it can become a negotiation between the buyer and seller as to who will pay for it.

 

http://www.tamparealtynow.com/Blog/Selling-a-Home-During-the-Holiday-Season-Tips-for-Success

http://www.tamparealtynow.com/Blog/Why-You-Should-Hire-a-Realtor

http://www.tamparealtynow.com/Blog/Deal-Breakers-for-Home-Buyers

Modern or Contemporary? How to Tell the Difference

by Craig & Linda Nowicke

So, you think you like modern décor, or is it contemporary?  You may think the two styles are synonymous, but they are quite different.  If you are decorating your home, or if you’ve hired a decorator to do it for you, terminology matters!  It’s important to know the correct words to describe the look you are going for!  Here is how to tell the difference between modern and contemporary home décor styles.

Modern design was developed in the early to mid-twentieth century.  Highly influenced by Scandinavian and German Bauhaus design, it created a distinct style focused on simple form and function.  Then mid-century modern was developed in the 50s and 60s, but for most interior designers, the word “modern” covers both styles.  Modern spaces tend to follow specific style formats that emphasize balance and lean toward natural and warm neutral colors for decorating.

Contemporary design doesn’t refer to any specific time period. It is dynamic, changing to reflect current popular trends.  It borrows from other styles including modernism, minimalism and art deco. There are many variations in contemporary interior design and color palettes of brown, taupe, cream and white are featured, with splashes of color sometimes found on a single wall, rug or piece of art.

While the main differences between modern and contemporary are significant, there are similarities as well, which is why people often confuse them.  They both embrace simple, clutter free spaces with smooth, clean lines.  Furniture in both styles feature exposed legs, and reflective surfaces such as exposed metals and glass are popular in both. Neither utilizes ornate designs or dramatic elements.

Hopefully this has cleared up some confusion, but if you like elements of both styles, don’t despair.  Mix it up and have fun with it, because at the end of the day, the only style that matters is YOUR style!

 

http://www.tamparealtynow.com/Blog/How-to-Stage-Your-Home-Without-Breaking-the-Bank

http://www.tamparealtynow.com/Blog/How-to-Use-Essential-Oils-in-Your-Home

http://www.tamparealtynow.com/Blog/Selling-a-Home-During-the-Holiday-Season-Tips-for-Success

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Photo of Linda and Craig Nowicke Real Estate
Linda and Craig Nowicke
RE/MAX ACR Elite Group
14823 N. Dale Mabry
Tampa FL 33618
Linda: 813-728-3880
Craig: 813-675-5030
Fax: 813-961-6016

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