Insights

Money from Home 8

Overpricing Your Home: The Dangers

It’s understandable. Your home is your biggest asset and your greatest investment. So when it comes time to sell, you want it to garner in a worthy return. However, while it can be tempting to list your home at a price somewhere above its fair market value in order to allow wriggle room for bargaining, this tactic can backfire. As you’ll learn, overpricing your home can actually contribute to it being sold for a much lower price than you think it’s worth—or not at all.

Asking For Too Much
There are several critical negative effects of trying to price your home too high. For one, it will deter buyers from even considering your property. This is because good real estate agents can tell when a home is overpriced, leading their clients elsewhere. Even a buyer without a real estate agent will see that the home you are selling is far pricier than other homes in the area.

Another disadvantage of overpricing your home is that it will take far longer to sell. In real estate, you generally want to sell your home within the first several months of listing it—failing to meet this time frame will reflect very poorly on your property and may even cause the listing to expire. Buyers pay attention to the amount of time a home is on the market; they will offer less for a home that seems desperate to sell, so you could end up selling the property for even less than what it’s worth.

Additionally, the longer you’re on the market, the more likely it is that the housing market will shift on you. Another result of overpricing is that your home may fail to turn up on internet search results because people are seeking homes at a fair value and not your inflated price. This is why it is so important to temper your asking price. All of these effects ultimately lower the chance of securing the sale.

Pricing Smartly
So how can you prevent overpricing your property? The best way is through the advice of a skilled real estate agent. Agents have a wealth of experience that allows them to analyze current market trends and price your home based on its fair market value.

It’s not a bad idea to price your home a little below its max value just to appeal to a broader pool of potential buyers. Remember, selling your home within the ideal time frame will ensure you receive an offer worthy of its value, and the first impression you make on the market can make your home immediately attractive to buyers.

Keep in mind that the improvements you’ve made on your home don’t necessarily increase its price as much as you’ve paid to improve it, and always have a plan for reducing the price just in case the market changes. Adhere to your agent’s advice, and avoid the temptation of asking for too much. In the end, it’s not worth it.

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/

Listing Online 7

Add Value To Your Home

Looking for a way to add value to your home in the long run? Then look into making improvements on your home before it hits the market. Investing money to fix up your home could easily increase your home’s value exponentially.

However, this doesn’t mean spend a ton of money on things you don’t need. Instead spend money on small things like, new floors, sinks, or a fresh coat of paint can turn a skeptical buyer into an eager one. With that being said, here are some tips on how to add value to your home with some major and minor changes.

Home Improvement Projects With The Highest Resale Value
Investing in home improvement projects have the best financial impact when selling a home. Here are a few projects that add more resale value to your home:

The Kitchen
People love walking into a home and seeing a newly renovated kitchen, especially if it’s styled in a modern or contemporary way and all the appliances are updated. This is especially true in older homes, because these kitchen improvements tend to add more value. So, if you want to add value to your home, consider updated your kitchen.

The Bathroom
Next to kitchen remodels are bathroom remodels. Similarly, bathroom remodels are favored when they are updated to look modern or luxurious. This is because modernizing older style bathrooms or sinks usually result in a good return.

Outdoor Improvements
Another home improvement project that has the best resale value are outdoor fixups. This is because your house is the first thing buyers see, you want to make a lasting impression. So by sprucing up the home’s outdoor appearance is a smart investment choice. This is includes the sides, back, and front of the house.

The Roof
The last thing that is a good improvement project is replacing the roof. Although roofs are expensive to replace, some buyers expect these things to be in good condition. Therefore, replacing them won’t dramatically increase resale value, but then again, not replacing them could significantly decrease it.

These were some home improvement projects that could potentially add more resale value to your home. While not all of them are necessary, it’s good to make small changes in the future to increase your home’s resale value. It doesn’t hurt to try, and it definitely doesn’t hurt to look at.

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/

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Joe Lewkowicz October Market Recap

The housing market in North Tampa has proven to be a steady competitor with other areas of the country. To have the best deals, it takes an expert to understand the handlings involved with selling a house, ensuring a quick and easy closing process, and offering an accurate listing price based on the location and proper upkeep of a home.

Joe Lewkowicz discusses his typical sales/marketing plan, including his avenues for advertisement by mailings, videos, Zillo listings, and Facebook posts.

Ensuring first-time buyers have a pleasurable experience is an essential part of the real estate business. Weighing rental versus purchase options can vastly change the buying process.

The North Tampa market has some of the most significant seasonal real estate investments year round. Having an agent with enough experience about the area is an essential asset to acquire the best deal whether you are buying or selling.

For more information or to watch the full October Market Recap report visit Joe’s TV Channel by visiting, https://youtu.be/GO5fUTDAbjQ

Join North Tampa Realtor Joseph Lewkowicz, who will be hosting a live stream conference call on the second Thursday of every month at 10 AM EST. Users can log in and communicate with Lewkowicz directly to gain insight into the Tampa market. For more information, visit https://josephlewkowicz.com/livestream

Video Link: https://youtu.be/GO5fUTDAbjQ

Website: https://josephlewkowicz.com/livestream

When to Sell 7

Have Patience

There’s nothing more exciting than listing your home on the market for the first time, eager to see what offers come in. Especially when your house is at its finest. You believe, this is the price that is going to attract so many buyers, and that no other house can can beat this price. Moreover, no other house looks like your house and the curb appeal is unparalleled.

However, not all buyers see your house they way you see it. It takes time for any offer to come knocking on your door. So, if you set a price for your house, and don’t immediately receive offers, be patient. Give it a little time before you do anything drastic, like lower your price or expensive remodeling, because you could miss out on the profit you could have made. So, here are some tips on how to be patient when listing your home on the market.

Don’t Control Both
Some people like to sell and negotiate a home on their own, without the help of any realtors. While this can save you money, it can also make you anxious and impatient. This is because you are controlling the whole selling process and can easily see what’s going on in the market. All that power and control can make it harder for you to focus on anything else.

Therefore, don’t control both, instead hire a real estate agent or a broker to handle the rest, while you sit back and relax.

Make Small Repairs
Another way to get your mind off things is to make small repairs around the house. Fix or replace anything that’s broken, leaking or cracked and don’t let the small things go unnoticed, thinking no one can tell.

So, distract yourself by oiling squeaky doors, patching up cracks in the walls, or cleaning up the front yard. These small repairs won’t cost you much and can give you a piece of mind when waiting for offers to come. Also, the future homeowner will appreciate the gesture and not have to worry about doing these small repairs themselves.

Dress Up Your Home
Lastly, the best way to get through playing the waiting game is by investing in home staging. As you’re patiently waiting for your house to get offers, you can spend time personalizing and styling the house. This way, your house can make a lasting impression when someone walks inside. It can also give you a piece of mind because once they see how beautiful the home is, the offers start flooding in.

Lower The Price
If all else fails, and you’ve see no activity for your home, then this might be the time to consider lowering the price of the home. Just mark down a couple hundred dollars and see where that takes you.

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/

Proper Price 7

Landscaping Goes a Long Way

When you’re looking to sell your home, the presentation is a huge factor. And while it’s essential to have a fresh interior, the quality of the surrounding landscape is also critical in creating a great impression to buyers. After all, who doesn’t love the sight of a lush, well-kept exterior?

Here are some simple tips to keep your outdoor area attractive without going overboard.

Plants
Apply a new layer of mulch to all your garden beds. This looks fresh and helps your plants stand out in contrast to your home. Adding plants of different colors is a great and relatively inexpensive way to add some vibrancy to the landscape, or you could go for a set of monochromatic plants to complement the theme of your home.

Tend to plants that have lost their luster, either by tidying them up or replacing them completely. If there’s a space that needs to filling, consider accent plants, which have striking colors, sizes, and shapes with eye-catching appeal. Large tropical plants in containers are best on patios, lanais, or doorways where they will draw the most attention from those entering or exiting the house.

Plants can add an artistic flair to your home’s exterior. As you’ll see, it isn’t necessary to overload your landscape with flowers and shrubs, but take pride in the ones you choose. A good tip is to use plants that adapt well to your environment and don’t require too much upkeep. You may even consider labeling them so potential buyers will know how to take care of them.

Maintenance
A messy front yard or backyard can be an eyesore, so make sure the lawn is cleaned up by removing weeds and debris. Check for uplifting roots and examine drain pipes to ensure they are buried and functioning correctly, as the cost of these potential repairs is a massive turn-off to home seekers. Wipe down patio furniture along with any dirty stone surfaces, and clean the fence as well.

Another thing to notice is unsightly or overgrown trees or bushes. It may be something you’re used to seeing, but it doesn’t hurt to prune them down to maintain that image of cleanliness. As mentioned, also remove any dead or dying plants.

Simplify
There’s no reason to overspend or overwork yourself to present a well-kept landscape. Keep the design simple and limit the number of plants; you might even consider removing many of them, especially if they are encroaching on the sidewalk or the neighbor’s yard. Make it as easy as possible for buyers to become accustomed to your yard with plant labels and watering instructions, and take out any plants you intend to keep well beforehand.

With your landscape looking fresh, you can rest assured the first impression you present is an attractive one.

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/

When to Sell 6

Real Estate Agents Cost Money, But You Can Profit More

Employing the services of a real estate agent can be a tremendous and reliable option for selling your home, but the cost of hiring an agent will detract from your profits. If you’re keen on making more money, cutting the middleman and selling your home as a FSBO (“For Sale By Owner”) is a process to consider.

How Much Will an Agent Cost You?
Most real estate agents will traditionally charge around 6% for a commission. For a typical FSBO home selling at $185,000—the average price, according to data from the National Association of Realtors (NAR)—6% will run you $11,000. Keeping this money in your pocket is one of the leading benefits of selling your home without an agent. There is also a more hidden cost to using an agent: while skilled at negotiation, a real estate agent can be more inclined to compromise the price of your home to secure the sale.

The Challenges of Selling It Yourself
Avoiding the commission cost and having the freedom to manage your negotiations are definite advantages to handling the sale of your home without a real estate agent, but going it alone creates its own set of challenges. Consider that homes sold by an agent net around $245,000, according to the NAR—$60,000 more than the average FSBO sale.

Furthermore, FSBO sellers face a more limited pool of buyers without the aid of an agent to bring in clients. And although you’re free to maintain your home’s target price, you’ll find that buyers who see your home without an agent will often expect a discount to account for the work required in facilitating the deal.

Finally, choosing to sell your home yourself misses out on some of the best services of a talented real estate agent. A great agent can advise you on home repairs, set a competitive price using current market data, schedule showings with potential buyers, and handle all the paperwork that you must otherwise do yourself. If nothing else, they’ll help you avoid a headache.

Employing Experience
Lacking the resources and know-how can cut into a FSBO seller’s potential profits, diminishing the money you save off a real estate agent’s commission. This, coupled with the difficulty in finding buyers and the vast amount of work required when going it alone, suggests that enlisting a professional’s expertise can be a smart decision. If you’re savvy enough to manage your sale and determined to increase your profits, however, selling your home without the services of a real estate agent is a viable alternative.

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/

With Real Estate 13

Selling A House In Any Season

If you weren’t aware, spring is the best time of the year when buyers are looking for homes. This reason is that the weather is perfect and people are in the mood to buy houses. But really, any time of the year can be an excellent opportunity to sell as long as you consider the season you are selling in.

For instance, if it’s winter and you happen to have a large ornate fireplace, have a fire going when buyers come through for a memorable experience. With that said, here are some tips for selling a home at any time or season of the year.

Spring
The best time to sell is in the spring. This is because it is a time when the most buyers are looking. More buyers are in the market at this time because they have received their tax returns, and can now afford down payments or any other cost associated with buying a home.

Moreover, because of daylight savings time, the days are longer in the spring, and that means there is more time to show off your home to potential buyers. Also, it seems that more home sales during the spring months are at the full asking price. This can be all the more reason to sell in the spring.

Summer
Typically, the summer isn’t the best time to post your home on the market, but there are people out there looking for homes. So, why not try selling your home when the weather is perfect, and people love going outside. Therefore, if you want to sell your home at or near asking price, you will need a buyer willing to work with you, fast.

Just remember though, the summertime is tricky because many of the buyers are on vacation or out of town.

Autumn/Fall
If you are considering selling in the autumn, this is a great option too. Because if you can’t sell in the spring, autumn is another popular selling season. This is because there are no significant holidays to compete against, and depending on where you live or where your house is located, the autumn season has mildly good weather.

This is also an excellent time to be festive in your home selling process. Take pictures of your house decorated in fall colors, or during an open house use an apple or pumpkin scented candle. The house will make the buyers feel warm and welcomed.

Winter
Lastly, if you plan on selling in the winter, be aware that it might take a longer, but it can be done. This is because the holiday season is a busy time for everyone and real estate doesn’t pop into a lot of people’s minds. However, you’ll be surprised by how many offers you get during the holiday season because there’s no better gift than the gift of real estate.

While the best time to sell a house is during the spring, this doesn’t mean that the other seasons should be ignored. Selling a home in the summer or winter has its advantages too. You just have to know how to work your market.

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/

Without Real Estate 12

Learn How To Negotiate Effectively When Buying A Home

Home buying doesn’t come easy, but when you find that perfect lot, you need to jump on it fast. One of the things you should ask first is the full asking price. Now, this is where emotions can sometimes outweigh logic, so before you agree to anything, it’s important to consider if the house is worth the money.

Here are some things to consider, also some negotiation strategies that can help you, whether that be a buyer or seller, get a great home for the right price.

Why is Price Negotiation Important?
In any business, there is always going to be some form of negotiation. And in the real estate market, there’s still room for negotiation. Mainly, because it’s important to understand how much you’re willing to pay or sell a property for. Your realtor should help you with this, and they should know your market well enough to guide your initial offer. But here are some things you’ll want to consider when it’s time to negotiate.

How Motivated Is The Seller?
It’s uncommon for a seller to put his or her house on the market just to see what kind of offers they get, but it’s not possible. Whatever the case, sellers want to sell. However, some sellers are more short for time. For instance, they’ve already made an offer on another house, or they’re moving for a job. That’s why it’s good to ask the agent the reason why they are selling. Understanding how motivated the seller is a great way to negotiate the price of the home, better. Although you may not get a direct answer, it doesn’t hurt to check.

Be Real With Your Offer
Another thing to consider when negotiating is to be realistic with your offer. Nothing good comes out of the low-blow offer. If you go in low, you’re going to insult the seller. Therefore, if you’ve done your research, or your real estate agent said so, make an offer you feel comfortable with and that your realtor believes to be fair.

Be Flexible With One Another
Another thing to keep in mind is, if the property seller you’re speaking with is not willing to negotiate, then don’t dwell on it. Be ready to move on because there are plenty of other houses on the market. Think of it as a blessing in disguise if you give up the first home.

Show Interests
Remember we said, know how motivated the seller is? Well, this time show some enthusiasm to the buyer. Sometimes all it takes to win over a negotiation is having the buyer know your personal story. Because chances are, there are multiples offers and other good people ready to buy. Therefore, when you show interest and make it personal, the buyers will remember you more because they like you and choose you to make final negotiations with as a result.

Don’t be Overconfident
On the other hand, don’t get too carried away. Of course, you want the buyers to see how much you love the home, but don’t get too emotional; and especially, overconfident. Stick with what’s comfortable for you and negotiate within your price range.

These were some simple tips on how to negotiate effectively when buying a home. Also, some may even be helpful to sellers, too.

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/

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Joe Lewkowicz September Market Recap

In this month’s livestream conference call, Joseph Lewkowicz discusses topics that many people are asking about, such as the hottest neighborhoods in North Tampa, and also provides insight into concepts that not many people are aware of, such as flood insurance requirements.

The city of Tampa has many attractions unique to the area for homebuyers, such as secluded neighborhoods, beautiful waterfront homes, and plenty of public parks that are ideal for families.

Without proper guidance, however, finding the perfect home can be a daunting task, and saving as much money as possible can prove to be difficult.

The North Tampa market has proven itself to be a lucrative investment for those looking to own real estate, and also serves to be a prime location for those looking to relocate to somewhere exquisite.

For more information, or to watch the full July Market Recap report, visit Joe’s TV Channel: https://youtu.be/Hof6Wj7uE-g

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 Lewkowicz directly in order to gain insight into the Tampa market. For more information, visit https://josephlewkowicz.com/livestream

Video Link: https://www.youtube.com/watch?v=2uPDJZ5nCY0&feature=youtu.be
Website: https://josephlewkowicz.com/livestream

Listing Online 13

Six Way To Sell Your Home On Facebook

Selling your home is all about timing. If you don’t know the market well enough your home can sit for months with no interested buyers. And with no expertise on how to use online listing services, you might feel stuck. Luckily, if all else fails, there’s always social media to the rescue.

Social media sites like Facebook can be a great source to see if your followers are interested. Given that many people on your page are friends and family, it will be easy to communicate with those who wish to learn more about your home. Also, using social media, like Facebook is a powerful tactic to help sell a home fast.

Here are six ways on how to use Facebook to sell your home:

Find A Facebook-Savvy Agent
If you want to take advantage of Facebook to sell your home, then hire a real estate agent who uses Facebook frequently. Since, Facebook has new material presented on it daily, it doesn’t take much for something to travel around and appear on a potential buyer’s feed. This is why you need to hire a professional who knows the ins and outs of using Facebook to sell a home.

Familiarize Yourself With Facebook’s Algorithms
Understanding how Facebook works is all about the algorithms used. Everyday, Facebook is constantly tweaking its algorithms that make the decisions for users about what they should or would want to see in their newsfeed. So if you want to stay current, consider streaming a live Facebook video of you giving a tour of the home.

Add Photos
Aside from writing posts, people love posting pictures on Facebook. So use this as a way to post pictures of your home. Take quality shots and focus on the houses strong points. Or better yet, have your real estate agent professionally photograph your home.

Don’t Link Anyone
What we mean by this is, don’t directly link anyone to your listing. This is because Facebook, wants its users to stay on its page rather than navigate away to other sites. So if you post a link to your listing, Facebook will most likely give you less online traffic.

Instead, consider posting an image to attract interest first, then in the comments, post the link to the listing or real estate agent’s website.

Pay Or Boost Your Posts
It’s not a bad thing to post a Facebook ad. Paying Facebook to boost your ads can be as low as $3. People may think it costs a fortune, but it only looks like that. Boosting an ad can also attract hundreds of people. The more you spend, the more attention it reaches.

Take Videos
Videos are a great way for people to explore you house virtually. But if you want to take it a step further, consider taking drone videos. Drones can get footage from any angle or corner of the house. Use the drone to highlight the spacious backyard or its beautiful views around the neighborhood. You can post all of this on Facebook.

Remember, if all else fails, retreating to social media to sell your home fast, is a great option.

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/