Market update “Tampa Bay Golf & CC March 3, 2017

Values are on the rise, it’s difficult to say what the measurable differences are because there is not enough recorded data for appraisers to pull from to support current pending contracts. I will share this data as it becomes available.

We currently have 35 active listings; many are priced much higher than appraised value. It’s important to note, that gambling with a higher listing price than can be supportive has its downfalls. For example

Currently four (4) homes have withdrawn their listing. For whatever reason, failed inspection, appraisal was unsatisfactory for buyer’s lender, and a scope of other reasons.

Six (6) homes have closed in the past 35 days and  (14) are under contract. It’s become common practice now for lenders to take more commonly 60 days to close on a loan.

WHAT IS TRID       With the new TRID process initiated October 3, 2015 The TILA-RESPA Integrated Disclosure, or TRID  It is commonly known as the “Know Before You Owe” rule. TRID is designed to make sure all mortgage lenders’ disclosures are clear, correct, and easy for buyers to understand. Buyers will also have more time to review disclosures. TRID will become the new mortgage standard, as it is mandated by the Consumer Financial Protection Bureau (CFPB.)

K-Hovanian currently has three spec homes available that back up to Old Pasco Road and one Augusta that’s limited in size. All others are under contract and some with back-up contracts.

Author: danswingblog

Welcome to my Blog site. I don't provide this information to boast, I humbly provide this, so you are informed of my qualities and experience. Since the first of 2017 Dans averaged close to $1,000,000 in sales monthly. Dans accomplishments lend wisdom and credibility that I'm proud of. An informed understanding of who you elect to represent you is as important as the investment you hold in your hands. Dan has celebrated over 17 years as a full time Realtor. Successfully listed and sold homes well through the 7 figure market. Advises and assists clients with challenging Portfolios! Not uncommon to be working with foreign nationals, buyers that leverage the Sterling, Euro, and similar currency. Dan welcomes the Global community, with friends in many Nations. He brings a reputation of Integrity, Expertise, and Focus. Our customers deserve the best. Currently a "FULL TIME" Realtor listing and selling homes in Tampa Bay Golf and Country Club and provides B.P.O.'s, Broker Price Opinions, B.O.V's, Broker Opinion of Value to many lenders. Manage and Sells R.E.O., Real Estate Owned properties, distressed properties! Evaluate and negotiate solutions for sellers and lenders. Developed, operated and sold a Florida "AWARD WINNING" Ad Agency! 2010 & 11 Commercial Agent of the year. RE/MAX Paramount Properties. Relocated to RE/MAX Marketing Specialist in January 2012. Successfully closed on many extremely challenging foreclosures, and Short Sale. Coached and participated in Commercial and Multi-Income Family REO's in the past six years. Received license in 2000, took the class to sell his own properties, coerced by instructor to pursue an active license. Assist residential and commercial brokers, investors and individuals with real estate needs. Elected to the Auburndale City Commission in 1986-88. Created and served as 1st Redevelopment Chair in 1988 & 89 personally put in place all the elements for the Auburndale CRA. 1990 City Commission refused to give a full vote of confidence. After a 5 year journey to personally raise funding, extensive research and study for the CRA district perimeters, and stunned with the Commissions doubt. Positioned himself to run for office again, was re-elected to Auburndale Commission, to serve 1991-93 to full fill the CRA master plan! Active with the Central Florida Development Council from conception in 1985 and sat on the board periodically for the past 25 years representing municipalities and private investors. The positions Dan held from 1986 through 1993 enabled him to have a complete workable understanding of the State of Florida Comprehensive Plan for Future Land Use, and the benefits of intergovernmental agreements, utility franchise expansions, and public/private partnerships! Specialties: Assets recovery & receivership, Real Estate Portfolio's, REO & Short Sale of Residential and Commercial negotiations, marketing consultant, public relations, and Broker Price Opinions for residential and commercial lenders.

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