Brandon, FL

Indian Hills is located off of Bell Shoals Road south of Bloomingdale in Brandon. It is an area of larger custom homes on lots often over 1 acre. The HOA fee is minimal each year. Nearby schools are Ciminio Elementary, Burns Middle and Bloomingdale High. It is just a couple of miles from Bloomingdale Golf Course, if you enjoy playing golf.

Families and individuals are moving into the Brandon/Valrico area because of its family activities and its close proximity to surrounding cities. Brandon has variety of priced beautiful homes, condos and townhomes that are conveniently located close to schools, shopping, and major roadways. It's only a few minutes commute to beaches, downtown Tampa, MacDill Air Force Base and the Brandon Town Center.

If Indian Hills of Brandon is not what you are looking for, we can assist you in finding the right community for you. We can help you with search for the right home for you whether it is a Residential, Premier and Estate, Waterfront, Golf Communities, Condominiums, Senior Living, or Land. Our buyer's services are free, just call us and we can help you find just the right real estate for you and your family.

The contents of this posting are the property of Pam Mabe and Solaris Realty of TampaBay. Pam Mabe is a broker working in the Pinellas and Hillsborough area helping buyers and sellers buy and sell homes. Contact Pam at 813-245-0316 to list your property for sale or to purchase a property in Hillsborough, Pinellas or Pasco County area. Information is provided in this blog with the intent to educate homeowners and buyers about Tampa, St. Petersburg, Clearwater, Brandon, Wesley Chapel, Lutz, Valrico, Odessa and other communities in the Tampa area. For more information on different communities and subdivisions go to my website at TampaHomeGuides.

Visit my profile to find my more about my services. Call 813-245-0316. To view homes for sale in the Pinellas and Hillsborough area, click here and then fill in the information on your dream home.

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For those of you interested in commercial investment opportunities, here is a brief explanation of CAP rate, a common way of comparing one investment property against another.

The CAP rate is simply what percentage of the purchase price will be earned back each year as Net Operating Income (before taxes and debt service). So for example, if the purchase price of a property was $100,000, and Net Operating Income is $10,000/year, the CAP rate would be 10%, meaning 10% of the purchase price will be earned as NOI each year if income and expenses stay the same.

Here's another example:

Annual Income $30,000
Annual Expenses $5,000
Net Operating Income $25,000

Property asking price = $450,000
Let's assume the eventual sale price is $400,000

The CAP rate would be $25,000 divided by $400,000 = 6%. Although not out of the range of possibility, most investors won't start looking at these types of investments until the CAP rate is 9%, and they would rather it be 11% -12% so their investment is paid for more quickly.

If you are the seller, in order to get your CAP rate up to say 9% so investors will start looking at it, either the Operating Income needs to be higher or the sale price needs to be lower. If income and expenses are accurate, you can reverse the equation to find what the sales price should be in order to meet the 9% CAP rate requirement.

$25,000 NOI divided by 9% CAP rate = $277,778 necessary sale price. Now this will most likely frustrate the seller, but a property is only worth what a buyer is willing to pay for it, and most investment buyers are sophisticated enough to do this simple math and find out that a sale price of $400,000 is way over priced for investment purposes.

I hope this explanation of CAP rate is helpful. Please call or email me if you have any questions about residential or commercial real estate in Brandon or Tampa Florida.

Randy, The House Man

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Randy@TampaHouseMan.com (813) 846-9190.

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Dear Homebuyers,

Here are a few mistakes that are made by buyers. If you can, try to avoid making these mistakes:

Not using factual data to qualify for a loan - Despite being fraudulent, if you overstate your finances to qualify for a loan, you are doing yourself a huge disservice because YOU CAN'T AFFORD THAT HOME!

Buying a house that doesn't meet your needs - Sometimes when we are in the moment, there is an ether that makes us do things we don't really want to or mean to. I'm convinced this leads to buyers remorse. Make sure you have a checklist of the features that are important in the house and features that are mandatory in the house you want to buy. If the house doesn't meet the requirements, despite the great view of the water, don't buy it.

Not using a Realtor to help you - Realtors are trained to help you. Yes, they are paid for this, but the fee usually comes from the commissions paid for by the seller. Realtors can not only help you narrow your search, but also help you negotiate a better price.

Paying too much for the home - There are many reasons for paying too much, but it usually comes down to an irrational feeling by the buyer. As stated before, use a Realtor to help you find the right house for you in your price range, and let them help you through the negotiating process.

If you have any questions, please call or email me at (813) 846-9190 or Randy@TampaHouseMan.com

www.TampaHouseMan.com

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FOR SALE BY OWNER MARKETING TIPS

Even though the National Association of Realtors tell us most For Sale By Owner (FSBO) properties will eventually list their property with a Realtor, homeowners continue to try to sell their homes on their own. The reason they usually switch to a Realtor is because most homeowners have regular jobs and lives and don't have the time to properly market the home for sale. They soon realize that very few buyers (if any) are coming to see their home and those that do never come back. The reason why is that most homeowners believe if they put a sign up in their yard, the home will sell. They overestimate how many people actually drive into their neighborhood and by their house and really do care about price. The fact is most buyers who are looking to purchase a home are working with or through a Realtor and the Realtor advises them on current market values. When Realtors search for homes for buyers, they generally look in the MLS system since it is a massive database, easily sorted by criteria determined specifically by the buyer.

As a FSBO seller, you will be at a disadvantage because you won't be able to "market" to the agents looking for their buyers because you won't have the home listed in the MLS, so buyers agents who aren't acutely familiar with your neighborhood and house will never know it's for sale. Despite all of these reasons to not sell your home yourself, if you still decide to try to do it, here are some tips for you:

• Make necessary repairs
• Clean the house to make it look and smell like a model home
• Reduce clutter and put personal photos away
• Take quality pictures of the home including front, back and interior shots
• Put up signs on the front lawn and the back area if potential buyers can view it from the back.
• Print flyers including all pertinant information about the home and quality pictures
• Put flyers in a display box near the sign in the yard
• Post your home on free internet real estate sites
• Send flyers or postcards to as many neighbors and/or real estate agents nearby
• Hold open houses on as many weekends as you can
• Invite Realtors over to your home to preveiw it (if you aren't offering any commission to buyers agents, don't bother with this step as there would be no reason for them to bring buyers to your home)
• Send an email campaign with photos and information about the house
• Place ads in newspapers, magazines and any other printed media in your area

It is important to understand that doing all of these things take quite a bit of time. The best way to sell your home is to have a Realtor market your home to not only the public, but all the other agents who have buyers just waiting to buy.

If you have any questions about selling your house or are interested in buying a home, call or email me.

(813) 846-9190 Randy@TampaHouseMan.com

www.TampaHouseMan.com

Tampa/Brandon Homebuilders Tampa/Brandon Featured Listings Tampa/Brandon MLS Property Search Tampa/Brandon New Homes Tampa/Brandon Foreclosures Tampa/Brandon Rentals Tampa/Brandon Commercial Properties TampaHouseman Blog Buying Real Estate in Tampa/Brandon Selling Real Estate in Tampa/Brandon Tampa/Brandon Community Information Tampa/Brandon Schools MacDill AFB MacDill Air Force Phone Numbers TampaHouseman Preferred Partners MacDill Military Info Contact TampaHouseman

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How do you find foreclosure properties to buy in Brandon Florida? Well, the easy answer is call me! Seriously, finding foreclosed properties is easy for realtors because we have instant access to all properties that are listed on MLS. Plus, to make it easier, we have access to a system that searches and delivers tax records for bank owned properties.

But, if you are a brave soul and want to go it alone, here are some tips to finding foreclosures.

Fee based foreclosure service companies: These companies will provide a list of foreclosures in your area for a fee. RealtyTrac is one and try www.foreclosure.com.

Auction Houses: There are many auction houses both nationally, regionally, and locally. To start your search, Google "Real estate auctions" for local auctioneers or look up these national companies: United Country Auction Services, Williams and Williams and Real Estate Disposition Company.

Asset Managers: Check with the banks in your area, but most major banks have asset managers that deal with REO's (bank owned properties). Check the bank websites for more information or call a branch and ask to speak with an Asset Manager. You can also goocheck with Keystone Asset Management (www.keystonebest.com).

Real Estate Signs: Drive neighborhoods in your area and pay attention to the real estate signs. Many properites that are bank owned, short sales or in foreclosure will have a rider on the sign that indicates that status. Call the agent on the sign and find out more details.

Unless you are a professional investor and have the time to do all of these things on your own, it is really probably worth it to just let a real estate agent work for you. They can quickly navigate the large amount of information out there and find you a great opportunity!

If you have any other questions about real estate in Brandon, Florida, foreclosure properties, short sales, or bank owned (REO's), please call or email me and let me help you. Randy@TampaHouseMan.com or (813) 846-9190.

Randy

www.tampahouseman.com

Tampa/Brandon Homebuilders Tampa/Brandon Featured Listings Tampa/Brandon MLS Property Search Tampa/Brandon New Homes Tampa/Brandon Foreclosures Tampa/Brandon Rentals Tampa/Brandon Commercial Properties TampaHouseman Blog Buying Real Estate in Tampa/Brandon Selling Real Estate in Tampa/Brandon Tampa/Brandon Community Information Tampa/Brandon Schools MacDill AFB MacDill Air Force Phone Numbers TampaHouseman Preferred Partners MacDill Military Info Contact TampaHouseman