When evaluating a rehab project, professional rehabbers will spend a considerable amount of time evaluating the current kitchen and whether it needs to be simply repaired or completely renovated/upgraded. So, how does a rehabber decide whether he should fix it with some paint or tear it all out and start over again? It all comes Read more about Kitchens: To upgrade or not to upgrade?[…]
An “As-Is” offer means the buyer is buying your house in its present condition. In other words, you (the seller) don’t make or pay for any repairs to the property. An inspection may still be ordered by the buyer, however any repairs and/or damage that shows up on the inspection report is the responsibility of Read more about How do “As-Is” cash offers for my house work?[…]
Impact fees are charges counties institute to assess the impact of new construction on infrastructure like roads, schools, water & sewer systems and fire departments. In Hillsborough County, impact fees for new residential construction are based on the impact to 4 critical systems: Roads Schools Fire Department Parks These fees vary based on where the new Read more about All About Hillsborough County Impact Fees[…]
Most rehabbers will replace an AC unit that’s more than 10 years old, even if it’s working. This is because most quality rehabbers want to provide the end buyer with at least 5 years of maintenance free living. The cost to replace a typical AC unit on a 3/2 house is approximately $3,000. If duct Read more about Evaluating AC systems in a rehab[…]
A teardown is typically an old house with extensive structural damage. The house has little to no opportunity to be rehabbed so the best option is to the demolish (aka teardown) the house and build a new house. This is a common part of the real estate investment cycle, especially in hot market segments. For Read more about What is a “teardown”[…]
This is a common question we get. Many of our clients have questions about title transfer, inspections, banks and/or appraisals. The truth is, the closing process utilized when selling to a cash investor is the exact same process you would use when going through a bank and using a realtor. That’s not entirely true. The process Read more about How does closing work with a cash buyer?[…]
You’ve probably seen these signs ALL OVER Tampa and Hillsborough County. These signs advertise quick cash for your house. As a bonus, they’ll buy “any” house and close quick. These are called “bandit signs,” and are used mostly by rookie investors. Many real estate gurus and training seminars teach new investors to post these signs Read more about What’s with those “We Buy Houses” signs I see around town?[…]
By Johnny Diamantas According to Zillow, the Tampa, Florida real estate market is moderately healthy as of 5/30/16. Zillow’s current reading is 5.5/10 which indicates a healthy, but not spectacular market. We believe the market is currently poised to growing but at a slower pace than seen in the past 2 years.
This is truly a great time to take advantage of a recent jump in Tampa Bay home values. According to Zillow, the median home value in Tampa, Florida rose 12.3% over the past year (data as of 5/31/16). However, future forecasts show a more modest growth of only 4.8%. If you have been considering selling and Read more about Tampa Median Home Values Up Big[…]
In a typical 3/2 block house, there will be about 8-10 windows. If the windows are the older silver framed styles and/or they have window cranks, rehabbers will most likely replace them with the new energy efficient windows. These windows can run about $300/each so most rehabbers will budget about $3,000 to replace all of Read more about Evaluating window replacement costs in a rehab[…]