Pros of Moving to Florida

 

911Houses: What types of companies buy houses from sellers?

What types of companies buy houses from sellers?

Traditionally, selling or disposing of a house is a challenging task. Sellers have to prepare their homes for sale after the necessary repairs are done, contact a real estate agent, list their house on the websites, and stage the house in the hope that they will procure an excellent, profitable bid from the buyers. Due to different circumstances, sellers may not want to carry out difficult repairs or wait a long time before selling their houses. 911Houses, the expert, fast cash closing real estate company in Florida, explores the various other supplemental options in the housing market which help people sell their homes fast.

1. Cash buyers and Franchises

There are a few branded companies that buy homes for cash and have franchises in different cities in the US. These franchises will be run by local people (also called franchisees) of that town who have the advantage of local knowledge. The franchisees will pay a portion of their profit or a fixed income on a regular basis to the branded company for their branding and other help as per the contract. The homes bought by such franchisees will be resold after repairs or kept as rental properties.

2. iBuyers

iBuyers stands for “instant buyers.” iBuyers are a relatively new addition to the real estate market. They buy houses that need significantly fewer repairs and can be easily resold.

iBuyers offer 80% to 98% of the house’s market value which is more than what other cash buyers might offer. However, currently, iBuyers do not currently operate in many cities in the US and hence their service may not be available everywhere. Moreover, a home has to satisfy certain criteria to qualify for an iBuyer sale. iBuyers typically look for owner-occupied homes built after the 1930s and priced between $100,000 and $600,000 (with a lot size of 1–2 acres). Even so, they may also be open to negotiations and may make making allowances depending on the market.

3. House flippers

House flippers are real estate investors who buy distressed and run-down or neglected homes to renovate and resell them for a highly profitable price in the market. A house flip generally happens within six months or a year from the time of purchase to reduce maintenance costs. This expedited renovation process keeps maintenance costs down and ensures a favorable profit.

4. Investors who rent out

Some investors buy houses from sellers and keep them as rental properties after a bit of renovation. Such investors may be franchises of real estate brands or even individual investors who want to have extra rental income without paying high prices too much.

5. Trade-ins

Trade-in companies help homeowners free up cash to buy a new home. Based on the value of the house to be sold, these companies provide cash to the homeowner to buy a new home. The Trade-in company will then sell the existing home. A percentage of the profit from the sale goes to the trade-in company to reimburse the cash fronted for the new home. The primary focus of such a company is to free up cash so that the homeowner can buy a new home before the old one sells and avoid paying two mortgages at once.

Why 911Houses.com?

911Houses.com gives the guarantee that they will buy the home directly from the homeowner and close the deal in 7 days for cash. Homeowners looking to sell their homes fast for cash can sleep peacefully and not worry about dodge drama relating to the extensive paperwork, costly repairs, staging, and stress.

Get in touch with 911Houses to sell homes fast for cash by visiting https://ift.tt/r6uYRi3 or calling (813) 345-2660.

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source https://btgh.com/press-releases/911houses-what-types-of-companies-buy-houses-from-sellers/

Top Things To Check During A Home Tour

 

What to check during a home tour?

Florida’s housing market is promising even in post-pandemic 2022 and will remain so for the rest of the year. A lot of buyers and sellers are trying their luck in Florida real estate. As far as buyers are concerned, they generally would visit multiple homes on the same day before shortlisting their options. In such a situation, buyers can easily get confused about what they see in each house or property at the end of the day. Bay to Gulf Holdings, a Florida Real Estate company, discusses the most essential things a home buyer should check during a home tour to help them save time and make intelligent decisions. 

1. Note down

While viewing multiple houses, it is good to note down the features of each home. Buyers can also keep a library of photos and videos (If allowed to be taken) to review later. Also, buyers should ensure that they clearly communicate the features they like and dislike about each house to the agent. All these will help in shortlisting the homes and finding a better match by comparing different properties. 

Some of the common things people consider first while comparing houses are the number of bedrooms and bathrooms, garage and parking spaces, wear and tear on walls and staircases, storage spaces, general layout, neighborhood proximity, and roofs and gutters. Ensure to note down all these aspects of each home visited on a home tour.

2. Sounds and smells

Buyers should consider the noise levels in and around the houses from neighboring houses and traffic on the nearby roads. Squeaky floorboards can give a clue about the amount of maintenance the home would require. Another factor to look out for is any unpleasant odor that could be a sign of mildew, pests, or even pet droppings/ waste.

It is better to ensure that these odors are removed before buying the house as these little things tend to annoy homeowners the most. 

3. Windows and stairs

Buyers should take note of where each window opens to and if it is too close to a neighboring house. Ensure that this does not, later on, become an intrusion of privacy. 

Also, it is a good idea to make a note of the condition, size, and strength of the stairway. 

It is also good to consider factors such as whether the staircase is too narrow or whether it is child-friendly or not.

4. General maintenance

Buyers should keep an eye open for any signs of leaks or electrical faults. A good real estate firm will help in identifying these factors with their professional acumen.

5. Exterior

Buyers should not ignore the exterior of the house while doing a home tour. Some of the factors to consider about the exterior are whether the landscaping and lawns are suitable for the buyer’s lifestyle, whether the roofs and the sidings are worn out, and whether the garden would require too much maintenance on a regular basis. 

Clearly, as everyone knows, buying a home is not a simple task. But with the help of a professional real estate company, it becomes a lot easier.

Why Bay to Gulf Holdings?

Bay to Gulf Holdings is a Tampa real estate company with a mission to help investors grow their wealth by finding the solution to their needs. BTGH has years of expertise in comprehensive real estate investment management services and highlighting the best investment opportunities in Tampa, Florida, properties. 

Call Bay To Gulf Holdings today at (813) 476-3199 or email at investment.team@btgh.com to not miss out on finding the best investment property in Florida or the Tampa Bay area.

7 Most Common Myths About Investing In Real Estate in Florida

7 Most Common Myths About Florida Real Estate

Florida has a very popular image worldwide and its “sun, sand, and sea”. Everyone dreams of owning a property in Florida – some need a family home while others are looking for an investment property. Florida is a real estate investor’s dream destination. Great quality of life with excellent work-life balance, a growing population, and a thriving job market are the main reasons for such a boom in the real estate industry.

However, buying a property is a major decision and there are many myths about investing in the real estate market in Florida. Bay to Gulf Holdings debunks some of the common myths below:

1. Look for the right time 

There may be many websites and articles on the internet which claim to know the right time to invest in Florida. However, the reality is that even with detailed research and in-depth knowledge, a 100% accurate prediction is not possible. A thumb rule to go by is “there is a never bad time to start”. Investing in the real estate market is an important decision and once the buyer is ready to go ahead, there is no need to wait for the right time to arrive.  

2. Too expensive

It is a very common notion among international buyers that one needs a lot of money to invest in Florida. The reality is that there is a wide range of options for investors- starting from small cottages to more expensive luxury homes. Bay to Gulf Holdings can help to find the right property ensuring that the buyer makes a secure investment and enjoys benefits from their Florida holiday home. 

3. Florida is all about theme parks

Walt Disney World and Universal Studios are top international tourist attractions. However, Florida has much more to offer than these theme parks. There is a very large coastline, stunning beaches, sleepy villages, and excellent natural wildlife habitats that offer an escape from the hustle and bustle of the city. To top it all, Florida has near-perfect weather with temperatures ranging from 61 ºF to 82 ºF.

4. Never offer full price

Buyers tend to offer a price way lower than the asking price to save money. However, particularly if the buyer is looking for a luxury home, this low-price offer may not be a good option. Luxury homes are generally in high demand in Florida. The best thing to do would be to offer a competitive price. BTGH can provide advice on the right price to offer for quick and transparent purchases.

5. It is better to do it yourself than through a realtor

Real estate investment should not be treated as a DIY project. The reality is that it is always better to have the advice of a real estate firm. A professional firm will: 

• Have access to properties that are not listed online
• Have excellent negotiation skills
• Provide help with the legal formalities of the purchase
• Be able to find a property that suits the buyer’s pocket 
• Have information on which property may be coming up for sale in future

6. Some properties are available at their lowest rates

Some buyers believe it is better to look for an investment property that is available at their lowest rates. The reality is that such properties might require a lot of renovation/repair and might come with many hidden costs, thus burning a hole in the buyer’s pocket. It is necessary to conduct inspections thoroughly before buying. 

7. Too young to invest

Young buyers are prone to procrastinating and speculating. Investing in real estate is a great option that can provide good returns later on in life. Young investors can take advantage of their age and risk-taking ability. Starting early helps to reduce mortgages and by making the right investment early on, they can reap the rewards of property appreciation for a long time.

Why Bay to Gulf Holdings?

Bay to Gulf Holdings is a leading real estate investment company in Tampa, Florida.

BTGH has years of expertise in providing the best investment opportunities and comprehensive real estate investment management services.

Contact Bay To Gulf Holdings now at (813) 476-3199 or investment.team@btgh.com to find the most suitable real estate investment opportunity.

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source https://btgh.com/press-releases/7-most-common-myths-about-investing-in-real-estate-in-florida/

Which category of sellers can benefit from selling their homes as-is for cash

Who would benefit from selling their houses fast for cash?

There are several benefits of selling a house for cash. Cash buyers do not need to wait for mortgages to be approved and generally have the funds to buy the houses upfront. Hence, cash deals are mostly successful.

Further, if the buyer is ready to buy the house as-is, the seller does not have to worry about repairs to be done or staging it for inspection. Additionally, the seller can avoid the marketing and commission costs that they have to bear while going through a real estate agent.

Taking all these into account, certain categories of buyers would quickly benefit from selling their house for cash as-is.

1. Seniors/ Homeowners who are downsizing 

Most people plan to live in their homes forever. Yet, reasons such as age, illness, and loss of a spouse/ partner can make living independently difficult. Many seniors move to assisted living facilities or downsize their homes as they are unable to manage their family–homes anymore. 911Houses can help to close the deal fast within 7 days and relieve the stress of feeling trapped.

2. Owners of distressed homes

Homeowners may possess a property that has the risk of foreclosure. The house could be in need of renovation/ repair that the owner may not be able to carry out. In such cases, it is ideal to sell the house as-is. 911Houses can buy the unwanted house as-is for cash.

3. Rental property owners

Rental properties would have had various families occupying them at different times. Over time, such properties can turn into a stress factor and drain homeowners’ finances. If the property were taking too much money and time for its maintenance, a better option would be to sell it for cash. 911Houses can give quick cash offers for such properties and save the owner from having to do repairs and updates.

4. Inherited property owners

Sometimes old, inherited properties may be too difficult to maintain. If the owner lives far away, they may not be keen on doing repairs and renovations. Such owners can consider selling the house for cash.

5. Probate issues

If the homeowner has passed away and the property has not been automatically transferred by the will to another person, a probate may be required to sell the house. Probate is meant to protect the interests of the deceased and make sure that all beneficiaries get what they are legally entitled to. When there are multiple beneficiaries involved, it is better to sell the house for cash, rather than go through the long-winded traditional method of selling via real-estate agents. This will help save time and any additional expenses involved in listing and staging the property for sale.

Why 911Houses.com?

911Houses.com is a reputable real estate investment company that buys houses for quick cash in Florida Real Estate. 911Houses saves property owners from the hassles of listing their homes, expensive repairs, and finding a suitable buyer. 

911Houses pays quick cash for homes and ensures the deal is closed in 7 days. 

Contact 911Houses to sell home fast for cash. The team can also be contacted by visiting www.911houses.com/ or calling (813) 345-2660.

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source https://btgh.com/press-releases/which-category-of-sellers-can-benefit-from-selling-their-homes-as-is-for-cash/

Explanation on How Some Hidden Holding Costs Can Lead to Losses for Home Sellers

Have you checked your hidden holding costs?

Selling a house with the help of a real estate agent and listings method is the usual go-to approach for most home sellers. However, it isn’t necessarily the best method for sale for everyone. Besides the staging, marketing, and commission costs, certain costs slowly add up as owners wait for a deal to go through. Identifying these costs can help home sellers assess if sale via listings is a lucrative option for them in the long run. 911Houses.com dives into some of these holding costs that can ambush an owner. 

What are holding costs?

In real estate, ‘holding costs’ entails all expenses incurred by an owner of an investment property of any type pending receipt of rental income from a tenant or the proceeds on the sale of the property to another party. 

Home sellers must be aware of these costs so they can make better decisions regarding their home sales.

1. Property price drop

The real estate market can be unpredictable. Home sellers may have posted a listing for a certain price, to begin with. But as time progresses, this price may not remain aligned with the market. A house that remains on the market for too long may force an agent to lower the price as a last resort. But while this may seem wise at that moment, the expenses made to hold the property may exceed the profits expected at the new sale price. 

2. Utility bills

When potential buyers come to view a property, they will always inspect the utilities such as heating and lighting. Therefore, home sellers with vacant houses must retain their utility services. The temptation to save money by disconnecting the services must be overlooked as the cost of losing a potential buyer will be higher.  

3. Property taxes

Besides the size, the location such as the township, city, or county determines the property taxes. The property owner is obligated to pay the tax to the government to avoid a penalty. This holding cost will continue until the property is legally signed over to a new owner. Home sellers must assess if they can afford to pay property taxes for vacant property and if their final sale price will be worth this holding cost.

4. Maintenance and repair costs

Before the staging event, an owner may decide to invest in the repairs to receive a good offer. However, with or without the staging events, a home requires maintenance and may sometimes need an unexpected repair. From light fixtures, lawn maintenance, a/c filters, and other unexpected repairs like termites and mold, home sellers must be prepared to spend. They must also calculate if the expected sale price will compensate for these expenses. Is it worth it?

5. Insurance coverage

Insurance is an expected expense. Often it is included in a homeowner’s mortgage payments. However, a homeowner’s insurance policy doesn’t cover everything. Homes in flood-prone areas or any water damage coverage requires owners to buy extra insurance. This can be expensive, especially if the home is lying vacant waiting for a buyer.  

6. Miscellaneous costs

Other costs such as HOA fees for homes in private communities and property management fees (to manage the home sale and maintain the house in an owner’s absence) can prove to be big expenses.  

When a home seller can calculate these holding costs and compare them with the expected sale price, profits and losses are easy to surmise. In case of high holding costs and potential losses, a home seller may want to opt for a cash sale instead. This not only ensures a fair sale price but also takes away all the associated hassles of selling a property via listings.  

Why 911Houses.com?

911Houses.com is a reputable real estate investment company that buys houses for cash in Tampa, FL, and the surrounding areas. Unlike regular real estate companies, with 911Houses.com, property owners don’t have to list their homes, pay for expensive repairs, or worry about a prospective buyer backing out due to lack of financing. 

911Houses buys homes directly from owners and closes the deal within 7 days. Ready to get started with 911Houses to sell home fast for cash?

Visit www.911houses.com/ or call (813) 345-2660 for more information.

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source https://btgh.com/press-releases/explanation-on-how-some-hidden-holding-costs-can-lead-to-losses-for-home-sellers/

Florida real estate market - the investor’s paradise

 

Come 2022, Florida remains one of the hottest real estate markets in the country. From home value index, home price growth, rent index, and gross rent multiplier, everything looks promising for the real estate market in 2022. Bay To Gulf Holdings discusses the factors that will continue to keep Florida real estate an investment worth making.

Florida is an international tourist destination with stunning beaches, near-perfect weather, and world-class theme parks. Its economy is dynamic and diverse, with dozens of global business headquarters and a government that is both pro-business and pro-development.  

Here are some of the factors that continue to boost the real estate market in Florida: 

1. Population growth

The US Census statistics show that Florida’s population reached 21.5 million in 2020, up 14.6% in the past decade. The work-from-anywhere trend since the advent of pandemic accelerated the influx of new population, which is expected to continue in the coming years. The State of Florida expects 845 new residents per day through April 2025, representing an annual compound growth rate of 1.39%.

2. Job market

The pro-business and pro-development government rules make Florida one of the most ideal business locations. The job market in Florida continues to attract new high-wage jobs for workers who can compete on a global scale.

Job growth in Florida increased 5.4% between January and September 2021, compared to just 0.8% nationally. Jacksonville and Tampa are ranked by MoneyGeek as two of the best six cities for job seekers. Florida is also one of the top five states with the best business tax climates.

3. Real estate market

Statistics show that home sales and prices are rising, inventory is decreasing, and the number of buyers paying in cash for single-family homes has increased by almost half. Every metropolitan area in the state has experienced an increase in home prices by double-digits in the third quarter of 2021. 

4. Strong renters’ market

With the new population gravitating towards the state, there has been a record hike in rents. The in-migration from the Northeast and West Coast by Florida’s thriving job market, lack of state income tax, and abundant sunshine have put the landlords in a very strong position to demand high rents.

34% of the houses in Florida are on rent indicating the growth in the rental market. The median household income in Florida is $59,227 and per capita income is $32,887. This bodes well for real estate investors in Florida.

5. Historic price changes & affordability

The latest Index shows that home prices in Florida have increased by more than 156% since October of 2000. According to the US News & World Report, Florida is ranked at #31 in affordability, meaning that it has one of the least affordable housing markets among all 50 states. 

6. Mortgage rates and equity

The mortgage rates in 2021 have been historically low and even though the rates may go up slightly in 2022, they will still be in the 3-3.5% range. This low mortgage rate makes homes in Florida affordable for investors. Moreover, the statewide appreciation of home values will help buyers tap into their increased equity when they make purchases. 

7. Quality of life

With a perfect work-life balance, great job opportunities, near-perfect weather, rich culture, and thriving recreational activities, Florida is a magnet for many people due to these reasons. US News & World Report ranks Florida as the 10th-best state in the country, including top-ten ratings for education, economy, and fiscal stability. Florida has more than 1,300 golf courses, hundreds of miles of white sand beaches, numerous outdoor recreation activities, stellar theme parks, international shopping venues, and a vast array of sporting events.

 

Why Bay to Gulf Holdings?

Bay to Gulf Holdings is the umbrella company that runs Rehab and Flip, and 911Houses. 

Rehab and Flip specialize in helping investors looking for Florida real estate investment opportunities through its custom searches, rich network, and industry insights. Whereas 911Houses helps homeowners sell their homes for quick cash, no matter the condition of the house. 

With its quick closings, quick rehab turns, quick flips, convenient move-outs, paperwork handling, and smooth sale and purchase mechanisms, Bay to Gulf Holdings makes real estate investment in Florida a breeze. 

To sell a home for quick cash or invest in lucrative real estate, email investment.team@btgh.com or call at (813) 476-3199.