Don’t let the survey fool you.
At least that’s what local agents are saying after a recent national online survey conducted by polling company Harris Interactive for real estate brokerage company Redfin showed that one-in-four homeowners have buyer’s remorse. Nevermind that, local agents say, the real estate market in Hillsborough County is still going strong.
Area Realtors are optimistic about the coming summer months, a time when homes tend to sell more quickly as buyers with children try settle in a chosen school district before the busses start rolling.
Irene Gray, a Realtor with Keller Williams Realty who specializes in South Tampa, said she helps prevent any regrets by giving clients a buyer’s questionnaire to assist them in finding the right area and property.
“This will minimize any buyers’ remorse,” Gray said. “Buying a home is a very important decision in their life so we make sure we discuss all aspects of purchasing a home including their financing, area, type of home, schools, proximity to work or church, and family activities and needs.”
She said the South Tampa real estate market is booming with new construction, increases in price and quick sales. Inventory in that area is still low.
“Although we do have first-time home buyers, the majority of our buyers are upgrading and are move-up buyers,” she said. “These young professionals buy in the area and want to move up due to marriage, growing families or promotions. Families want to stay in the area due to our popular and highly-rated schools. They are aware that prices are increasing and higher interest rates are on the horizon, so they recognize that this the right time to purchase. May and June months are very active as families get settled for school starting.”
Jeanne Zylstra, a broker owner with Temple Terrace Realty, Inc., said summer 2014 in Temple Terrace should be a good time for buyer’s as investors back off and sellers become more realistic about prices.
“Temple Terrace has always been the alternative to the more expensive South Tampa as a tree-lined, well established neighborhood where children can walk or ride their bikes to local activities,” Zylstra said.
With the high temperatures in Tampa during the summer, seller’s that have homes with pools might appeal to some buyers. Other buyers look for subdivisions with amenities.
“Although I don’t think the season determines the demand for pools or outdoor kitchens, Temple Terrace is a great place in the summer because of its’ many tree shaded parks, including those that border the Hillsborough River,” Zylstra said. “What’s particularly wonderful about the city in summer is its many programs available for children at the Recreation Center and the Public Library, not to mention the regionally celebrated July Fourth Parade and fireworks.”
Pam Parisi, the regional marketing director for Newland Communities, said she finds buyers who choose to live in their various communities throughout the county want a place to “live, work and play.”
Parisi said many home shoppers look for energy-efficiency as well as outdoor space that is a functional, private oasis.
“Many of our model homes are adapting floor plans that accentuate views of nature and create spaces, like fire pits, for residents to enjoy the outdoors,” she said. “Newland Communities also recently built the Lake House in FishHawk Ranch, featuring community spaces, games, fitness equipment and more, to give our residents a place to feel secluded in nature.”
She said home shopper traffic has been strong in their communities that include FishHawk Ranch in Lithia and Waterset and MiraBay in Apollo Beach.
Parisi said the communities appeal to families in all stages of life because of the variety of home choices and amenities.
“FishHawk Ranch is seeing step-up more than first-time homebuyers right now,” she said. “We’ve also noticed a resurgence of buyers who don’t want the hassle and expense of a fixer-upper. For instance, a couple came into Waterset this month just to get design inspiration for a remodeling project. They left purchasing a new home because their mortgage would actually become lower, plus they wouldn’t have to deal with major upkeep projects.”