Insights

JOE-LEWKOWICZ, JUNE-2019, BROKER-NOTES, BLOG-2

Broker Notes (June 2019)

This newsletter, “Broker Notes,” has been sent to 18,000 homes in Northwest Hillsborough for almost 20 years. We now offer it online along with a recap of the market, as it is on the day we send it. I hope you enjoy reading it. If you have questions about the real estate market in this area, please contact me. My information can be found below.

Sales in the area for May 2019 were 2% more than May of 2018. The median cost per square feet in $152 per foot for the entire area. During this period, the average days on the market to get a contract was 32 days.

The number of foreclosures and short sales remained insignificant with just eight foreclosure sales and only one short sale.

As of today’s date, there are 971 active listings for sale, compared to 956 a month ago. There are currently 707 homes under contract, compared to 751 last month.

To get your free digital edition of June’s Broker Notes, please visit: https://issuu.com/ibossadvertising/docs/190601?e=19299272/70497764

Looking to list your home for sale? Contact Joe today by visiting: https://josephlewkowicz.com/seller-profile/

For more insights visit: https://josephlewkowicz.com/portfolio/market-studies/

For more information, please call (813) 701- 2030 or email joelewk@me.com

JOE-LEWKOWICZ, TAMPA-FL, REAL-ESTATE, 1

Sale Comparison for Northwest Hillsborough (June 2019)

The Northwest Hillsborough area is defined as Busch Boulevard to the South, State Road 54 to the North, Livingston to the East, and Pinellas County line to the West. The neighborhoods in this area include Westchase, Cheval, Carrollwood, Carrollwood Village, and Northdale.

A total of 467 single-family homes closed in May 2019, an increase from 2018, which saw 458 sales. The median price increased by 5.1% from the previous year, reaching $318,900. Closed sales were higher than in April, which is usual for this time of year. New construction closings increased dramatically from the previous year, with a 64% increase in the number of sales.

The median size home is 2,172 square feet with a median cost of $151 per square foot, a $3 increase from the previous year. I advise caution when using the cost per foot to determine the value of a home, as it can be misleading when determining the value of a home. There are many factors to look at including lot size, updates, improvements, location, etc.

Above the $500,000 price range, there were 10% fewer sales than last year in the same monthly period. This was also the case in April.

For all homes, the median days on the market was 25 days, an increase from 2018, but not significant. Below the $300,000 price range, homes were on the market for only 18 days, and above the $500,000 price range homes spent 49 days on the market.

Foreclosures and short sales remained an insignificant number with 11 foreclosed sales and only one short sale. This is good news compared to several years ago when almost 25% of sales were either a foreclosure or a short sale.

As of today, there are 1,040 active listings for sale, compared to 971 a month ago. There are currently 702 homes under contract.

Depending on the price range and the area, the current real estate market remains robust. As expected, the lower the price, the more demand. Usually, June and July are the best sales months. I look forward to comparing future sales months to these current ones.

Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-701-2030 or visit https://josephlewkowicz.com/

JOSEPH-LEWKOWICZ, TAMPA-REAL-ESTATE, MAY-2019-BLOG-2

Broker Notes (May 2019)

My area of specialization is Northwest Hillsborough County. The newsletter, Broker Notes, is sent to 18,000 homes. We now offer it online along with a recap of the market as of the date we sent it. I hope you enjoy reading it. If you have questions about the real estate market in this area, please contact me. My information is below.

For this area, the number of sales closed for the month of April 2018 to April 2019, were the same. However median price had increased for the area from $305,000 in 2018 to $315,000 in 2019: a 3.3% increase from the previous year. Closed sales were higher in March of this year than they were in April with 391 closed sales in March compared to 362 in April. Median price, however, had increased in the month from $301,000 to $315,000.

In the higher price range above $500,000, there were also more sales last year compared to this year with 50 homes sold in 2018 compared to 36 this April. The number of new construction sales was the same for both years. The median price was higher this year compared to last year by $10,000 to $315,000: a 3.3% increase in price. This rate of price appreciation is about the same rate as inflation and is usually good for a sustainable real estate market.

Foreclosures and short sales remained an insignificant number of sales with 11 total for both types of sales.

As of today’s date, there are 971 active listings for sale, compared to 956 a month ago. There are 707 homes under contract now, compared to 751 last month at this time.

To get your free digital edition of May’s Broker Notes, please visit: https://issuu.com/ibossadvertising/docs/earlymay2019brokernotes_c5fcfa7a38503f?e=19299272/69869908

Looking to list your home for sale? Contact Joe today by visiting: https://josephlewkowicz.com/seller-profile/

For more insights visit: https://josephlewkowicz.com/portfolio/market-studies/

For more information please call (813) 701- 2030 or email joelewk@me.com

JOSPEH-LEWKOWICZ, TAMPA-FL, REAL-ESTATE, 1

Sale Comparison for Northwest Hillsborough (May 2019)

Comparing sales in the area for the month of April 2018 to April 2019, the number of sales closed was the same. However, the median price had increased for the area from $305,000 in 2018 to $315,000 in 2019 a 3.3% increase from the previous year. Closed sales were higher in March of this year than they were in April with 391 closed sales in March compared to 362 in April. Median price, however, had increased in the month from $301,000 to $315,000.

In the higher price range above $500,000, there were also more sales last year compared to this year with 50 homes sold in 2018 compared to 36 this April. The number of new construction sales was the same for both years. The median price was higher this year compared to last year by $10,000 to $315,000 a 3.3% increase in price. This rate of price appreciation is about the same rate as inflation and is usually good for a sustainable real estate market.

Foreclosures and short sales remained an insignificant number of sales with 11 total for both types of sales

As of today’s date, there are 971 active listings for sale, compared to 956 a month ago. There are 707 homes under contract now, compared to 751 last month at this time.

As mentioned in last month’s article, the real estate market in Northwest Hillsborough remains strong with low levels of homes for sale. Prices, while going up, are beginning to flatten as the sales price of homes is exceeding many buyer’s abilities to purchase, especially in the starter home price range.

Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-701-2030 or visit https://josephlewkowicz.com/

Joe-Lewkowicz, 1

5 Signs of an Unreliable Agent

Selling a home in Northwest Tampa can be a daunting experience. It is time-consuming, overwhelming, and it can be just plain tiring. Hiring a reliable realtor can help the home-selling process go smoothly with their expert advice, resources, and support. However, coming across an experienced realtor in Tampa nowadays is challenging because, over the last 10 years, the number of realtors has doubled in size. So if you are unsure who to hire, here are a few signs of an unreliable real estate agent.

No Communication
Since you will be working with your realtor for quite some time, you want him or her to regularly touch base with you. Plus, your realtor should push you to call him or her anyways to be updated, as long as it’s during business hours. But if the real estate agent is not open to communication, whether that be calls, texts, or emails this is a bad sign.

Lack of Resources
A realtor is there to support you through the home-selling process, but he or she is also there for you to utilize at your disposal. You hired an agent for their knowledge and expertise, so it only makes sense that they can give that. If you experience your realtor agreeing with everything you say and not offering their suggestions, it is a sign that your realtor doesn’t care or lacks the resources to assist you.

Unreliable
Having a lack of resources is one bad sign another is being unreliable. The relationship between a seller and his or her agent must be like a bond. You will be working with them for a few months or years, you will also be sharing a lot of private information with him or her, and so it makes sense to find an agent who is reliable and trustworthy. If you catch the agent you’re working with lying to you, that is a bad sign and you need to find someone else more honest.

Unprofessional
Another sign of an unreliable agent is being unprofessional. For example, showing up tardy to appointments, lack of organizational skills, lack of knowledge on the properties, market, or area. These types of realtors are more than likely no help and you are better off without them.

Sketchy
Lastly, if you notice your agent isn’t putting your best interests first, then this is a bad sign. It could be that they are in it more for the money than your business.

These were a few telltale signs of a bad realtor or agent. If you are experiencing any of these situations, please call Joe Lewkowicz from Coldwell Banker. He has been servicing the Northwest Tampa area for more than 42 years, and he knows the real estate market better than anyone.

Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-701-2030 or visit https://josephlewkowicz.com/

[Source]

Joe-Lewkowicz,-Broker-Notes

Broker Notes [April 2019]

In the area of town that I work in, Northwest Hillsborough county, I compared the sales from March 2018 to March 2019. The area is from Busch Blvd to the south, State Road 54 to the north, Livingston to the east, and Pinellas county line to the west; Neighborhoods include Westchase, Cheval, Carrollwood, Carrollwood Village, and Northdale.

In this area there were 400 closed sales in March 2018 compared to 391 sales in 2019. Foreclosures and short sales have both decreased in recent years with only 20 foreclosed sales this year and 5 short sales closed in both 2018 and 2019. In the price range above $500,000, the number of homes sold in 2018 was 48, 7 more than 2019 with 41 sales. There were also more new construction homes sold last year with 68 closings compared to 53 this year. Zip code 33556 had 14 closed sales above $500,000 in 2019 followed by 33626 with 13 closed sales. There were more total sales this year in this price range than last year.

The median price of a home was lower year over year. Median price in 2019 was $301,000 compared to $304,340 in 2018. However, median cost per sq. ft. was higher in 2019 at $149.34 compared to $144.85 in 2018, indicating homes sold were slightly smaller in 2019.

Currently there are 956 active listings on the market and 751 homes under contract. In the last 6 months 1,906 single-family homes sold. This represents 5.38 months of supply of homes for sale, which is considered to be slightly favorable to sellers. Under $300,000 the supply of homes is 3.54 months of available homes for sale, with 549 active and pending listings on the market and 155 homes selling per month-a strong seller market!

Overall, the real estate market in Northwest Hillsborough county remains strong with low amounts of inventory available. Prices per foot have risen but not median price, meaning that strategic pricing is the key to getting your home sold.

To get your free digital edition of April’s Broker Notes, please visit: https://issuu.com/ibossadvertising/docs/april2019brokernotes_1_?e=19299272/69341913

Looking to list your home for sale? Contact Joe today by visiting: https://josephlewkowicz.com/seller-profile/

For more insights visit: https://josephlewkowicz.com/portfolio/market-studies/

For more information please call (813) 701- 2030 or email joelewk@me.com

JOSEPH-LEWKOWICZ, REAL-ESTATE, NORTH-TAMPA,FLORIDA, 2

Broker Notes [March 2019]

I wanted to send you the digital edition of my newsletter Broker Notes. This newsletter has been sent to homeowners in the Northwest Tampa area since the early 1990s. It was called Broker Notes because originally it was only sent to real estate agents and brokers, who may not have any idea where a home was located. At that time all the homes had an individual map tied to each property. This is before GPS in cars and google maps existed. The Veterans Expressway was not completed yet and the Citrus Park Mall had just opened and Ehrlich Road and Dale Mabry did not have stoplights. The MLS system at that time was still done in a book form that came out every week, although a listing with barebones information could be seen online.

In the early years, it was done in black and white because color was so expensive. My bid to send the first color edition to the 20,000 families that are on my mail list was about $1.00 per household or just slightly over $20,000. I tried that a couple of times. Luckily the cost of color came down dramatically. Along with many other methods that are available now, the Internet, Facebook, and Instagram, the goal has always been the same; to highlight the homes I am marketing in the best possible way to the largest number of people to obtain the best outcome for my clients. My tagline has always been “No-one works harder to sell your home” and I am a big believer in that.

To get your free digital edition of March’s Broker Notes, please visit: https://issuu.com/ibossadvertising/docs/latemarch2019brokernotes_1_?e=19299272/69091553

Looking to list your home for sale? Contact Joe today by visiting: https://josephlewkowicz.com/seller-profile/

For more insights visit: https://josephlewkowicz.com/portfolio/market-studies/

For more information please call (813) 701- 2030 or email joelewk@me.com

April-Social-Post

The Common Signs of an Unreliable Real Estate Agent (Plus Bonus Tips to Sell)

There are many people that have a real estate license, but this does not always mean you can rely on them. Many people who are selling their house don’t realize who they are working with until problems arise halfway through the process. When selling, it’s important to keep everything as smooth as possible by working with an agent that you can trust. To find a reliable real estate agent, you might have to do your own research, ask the right questions and be aware of the signs.

Tampa real estate agent, Joe Lewkowicz, confirms in his April livestream that there are many cases of real estate agents who do not know what they’re doing and are not accessible to their clients. He says that many people come into the real estate business because it looks good, and they believe there is good money that can be made from it. Some really study the market and work hard to help their clients, while some do the opposite. Here are some other signs of an unreliable real estate agent.

Bad Communication

An unreliable real estate agent might lack communication skills and may be hard to keep in touch with. Some agents leave their clients in the dark and don’t update them with the sale. A good agent is going to always keep you updated, even on the little things.

Unprofessional

When selling your house, a smooth-running process is important to have a successful sale. An agent that cancels or shows up late to appointments is a red flag. At this point, you won’t have any trust due to the agent’s lack of professionalism.

Inexperienced or Undedicated

Some agents treat real estate as their side hustle and might have a second job. Some are inexperienced and do not do their homework on learning about real estate. It’s important to work with someone who treats being a real estate agent as their primary career. This way, when you sell your house, you can have an agent who is accessible as much as possible, knows all about the real estate market and can answer any complex questions you may have.

In general, don’t be afraid to ask your real estate agent questions to get to know them, and do some research on who they work for. If you don’t feel comfortable communicating with your agent, and they seem to be disorganized, then you might want to find someone else to work with or contact someone well-established and reputable like Joe Lewkowicz.

Joe Lewkowicz goes over many other important topics in his livestream including making your home stand out in a competitive market and how to list your house.

To make your home stand out and look more appealing, you can invest in some cheap upgrades. If you have a bright colored room in your house, paint it a neutral tone. Joe says that neutral shades sell very well. You should also make sure your front yard is well-kept. You can even add some mulch for a quick, fresh look.

When listing your house, the best decision you can make is contacting Joe. He is happy to discuss your goals with selling. Joe is always a step ahead of the real estate market and is always aware of the trends. If you want to stay updated, be sure to watch to Joe’s April livestream.

Join North Tampa Realtor Joseph Lewkowicz, who will be hosting a livestream conference call on the second Thursday of every month at 10 AM EST. Users can log in and communicate with Joseph Lewkowicz directly to gain insight into the Tampa market.

To catch all the questions in the Livestream call, click to watch on Joe’s TV Channel: https://www.youtube.com/channel/UCwVCxXv6wT0S-LDFORWTwNw

For more information on the current real estate season, check out Joe’s monthly livestreams at https://josephlewkowicz.com/livestream

To watch the full April Market Recap report, visit Joe’s TV Channel: https://www.youtube.com/channel/UCwVCxXv6wT0S-LDFORWTwNw

Video Link: https://youtu.be/dIGK1tcCiD4

Website: https://josephlewkowicz.com/livestream

Joe,Lewkowicz,3

What kind of credit score do I need to buy a home?

When buying a home, it is important to talk to a mortgage lender. They can help you figure out what kinds of loans you can get so you know which homes you can afford. For instance, if you have a credit score of 680 or above, you should have no problems getting a loan to buy a home. Having a credit score of low 600 or high 500 can still allow you to get some loans but it will be a lot harder. In order to get an FHA loan, you will want a credit score of 580 or higher. If you have a score of 500 or higher it is possible but unlikely that you will get one. USDA Loans require a credit score of around 640 or higher.

FHA loans have the lowest required credit requirements, with the minimum credit score being 500. When a homebuyer gets an FHA mortgage loan, they need to give a 10% down payment. Although it is possible to get a loan with such a low credit scored, it is very difficult. A credit score of 580 or higher is recommended and you will only need a 3.5% down payment.

How do I increase my credit score?

Credit utilization ratio is 30% of your credit score. Credit utilization ratio is the percentage of credit used on a credit card. The higher your balance is on your credit card, the lower your credit score will be. Therefore, the first step to improving your credit score is by making sure your credit card balance is as low as possible, especially before applying for a mortgage.

Pay off your balance

You want to make sure you are paying off your balance for your credit every month. If you have been sent to collections, you will want to take care of that as soon as possible. It is important to find out if the creditor will allow you to pay “For Delete” before paying off collections. Pay “For Delete” is when you, the collector, agrees to remove the account from your credit report if you pay off the balance. If they do not agree to it, don’t pay it, unless your lender tells you to. Paying off collections does not improve your credit score but getting collections off of your credit report can make a significant difference.

Be an authorized user

The more credit cards you have the better your credit score is, as long as you are taking care of the balances. Having multiple credit cards can get tricky so another option is to become an authorized user on a family member or friend’s credit card. By doing this you can have their credit history on that account added to yours. This can give you up to 30 extra points to your FICO score.

Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-701-2030 or visit https://josephlewkowicz.com/

 

[Source]

Joe,Lewkowicz,2

Important Things to Know When Pricing a House

When selling your house, the entire process is already difficult in itself, but setting the price can also be a challenge. There are many factors to be considered when figuring out a price for your home. If you want to get the maximum value for your home when it gets listed on the market, here are some important things to know when it comes to pricing.

Price it Lower

With the high stakes that come with real estate, buyers don’t want to be the only ones interested in a single home for sale. If you set a price on the cheaper end of the range of values, you might be able to attract the interest of multiple buyers. This is also helpful if you want to sell quickly.

Make it Appear in Real Estate Searches

It is common for a real estate agent to create an automated buyer search in their database of properties. This is because many buyers ask for something specific like a home with four bedrooms in a certain neighborhood that is under $800k.

If you list your home at $820k, a potential buyer might miss this. If the price is too high, you might be missing a chunk of buyers. This, unfortunately, happens quite often.

Set an Appropriate Asking Price

It’s not uncommon for sellers to ask for strange prices. Sometimes, when a home is valued between $450k and $500k, the seller asks for something like $488,552, which is rather odd. This may bring the attention of buyers viewing prices, but nothing good comes out of this. They tend to wonder why a seller selected that price and sometimes even try to find out who it could be.

The seller should be almost invisible because the goal is to showcase the house and appeal to as many people as possible. Don’t try to be quirky with your pricing.

Develop the Pricing Contingency Plan

Before placing your home on the market, try to develop a pricing contingency plan. Many sellers tend to have high expectations toward the physical appearance of their home and ask for the highest price possible. Sometimes, they do not care if their real estate agent says they most likely won’t get it.

Be Aware of Comparables

It’s important to know the average price of homes being sold in your neighborhood to help you set a more realistic price. To do this, you can look for homes that sold in the past three months, which is what appraisers look at.

Note the Square Footage

You should look at the square footage of your home to help you determine the right value. Then, compare it to other homes with a close square footage.

Selling your home can be a challenging and stressful process from beginning to end. If you have any other questions or are interested in selling, contact Joseph Lewkowicz, a leading real estate agent in the North Tampa Bay area. Find out more here https://josephlewkowicz.com/

Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-701-2030 or visit https://josephlewkowicz.com/

 

[Source]