Tampa Real Estate and Community News

Aug. 2, 2023

Discover the Tampa Real Estate Market with Insta Real Estate Solutions!

Are you ready to unlock the hidden gems of the thriving Tampa real estate market? Look no further! We are thrilled to introduce you to Insta Real Estate Solutions – your key to unparalleled success in the Tampa real estate scene.

But don't just take our word for it. Let us share with you what our satisfied clients have to say:

[testimonial 1]

"I had been struggling to find the perfect property in Tampa for months until I stumbled upon Insta Real Estate Solutions. Their expertise, market knowledge, and dedication were truly impressive. Thanks to their guidance, I found my dream home in record time!" - John D.

[testimonial 2]

"Insta Real Estate Solutions provided me with an exceptional selling experience. Their marketing strategies and attention to detail were instrumental in securing a quick sale at a fantastic price. I highly recommend their services to anyone in the Tampa area!" - Sarah M.

[testimonial 3]

"As an investor, I've worked with several real estate agencies in Tampa, but none have matched the level of professionalism and personalized service that Insta Real Estate Solutions offers. They truly go above and beyond to ensure client satisfaction." - Robert T.

Now that you've seen the real results our clients have achieved, let us tell you why Insta Real Estate Solutions stands head and shoulders above the competition:

1. Unparalleled Market Expertise: With years of experience in the Tampa real estate market, our team possesses an in-depth understanding of the local trends, neighborhoods, and investment opportunities. We leverage this knowledge to guide you towards the most lucrative deals.

2. Personalized Approach: At Insta Real Estate Solutions, we believe that every client is unique. We take the time to listen to your specific needs, goals, and preferences, tailoring our services to ensure a personalized experience that exceeds your expectations.

3. Extensive Network: Our vast network of industry connections grants us access to off-market listings, exclusive opportunities, and a pool of qualified buyers, giving you an edge in this competitive market.

4. Cutting-Edge Marketing: We harness the power of innovative marketing strategies, including social media campaigns, virtual tours, and eye-catching visuals, to showcase your property's best features and attract interested buyers faster than ever before.

5. Proven Track Record: Our long list of successful transactions speaks for itself. We have helped countless clients buy and sell properties in Tampa, consistently delivering outstanding results.

Now is the time to seize the opportunity that awaits you in the Tampa real estate market. Take action and choose Insta Real Estate Solutions as your trusted partner. Allow us to guide you towards your real estate goals and make your dreams a reality.

To get started, simply call us at 813.586.0654 or visit our website at InstaRealEstateSolutions.com. Our dedicated team of experts is ready to answer any questions you may have and provide you with a free, no-obligation consultation.

Remember, the Tampa market won't wait for you. Act now and experience the difference that Insta Real Estate Solutions can make for you!

Posted in Tampa Real Estate
May 21, 2023

Insta Real Estate Solutions

Looking for a reliable and experienced real estate agency to help you buy or sell a property? Look no further than Insta Real Estate Solutions! Our team of dedicated professionals has a deep understanding of the local market and are passionate about helping our clients find their dream home or investment property.

Whether you're a first-time homebuyer or a seasoned investor, we have the expertise and resources to guide you through the entire process. Our personalized approach ensures that we take the time to understand your unique needs and preferences, and we work tirelessly to find the best possible solutions for you.

At Insta Real Estate Solutions, we offer a range of services to meet all your real estate needs. Our property sales division is dedicated to helping you sell your property quickly and for the best possible price. We use the latest marketing techniques and strategies to ensure maximum exposure for your property, and our experienced agents are skilled negotiators who will work tirelessly to get the best deal for you.

If you're looking to buy a property, our team of experts will help you find the perfect home that fits your budget and preferences. We have access to a wide range of properties and can help you navigate the complex process of buying a property, from negotiating the best price to closing the deal.

In addition to property sales, we also offer leasing and property management services. Our leasing team can help you find the perfect rental property, while our property management division can take care of all the day-to-day tasks associated with owning a rental property, from screening tenants to collecting rent.

Our commitment to excellence has earned us a reputation as a trusted and reliable partner in the real estate industry. We are dedicated to providing exceptional service to our clients, and we pride ourselves on our ability to find creative solutions to even the most complex real estate challenges.

So if you're looking for a real estate agency that truly cares about your needs and is committed to helping you achieve your goals, choose Insta Real Estate Solutions.

Follow us on social media for the latest updates on the hottest properties and trends in the market!

April 29, 2020

Moving in 2020? Follow These TIPS for a Stress Free Transition!

Relocating in 2020? Follow These Moving Tips for a Stress-free Transition!

Posted in Buying a Home
May 14, 2019

What Is A Good Cap Rate For Real Estate Investors?

As a real estate investor, it’s important to know at all times if your investments are profitable. If you don’t, then you can quickly dig yourself a hole that could be extremely difficult or impossible to get out of.

While this can seem daunting, particularly if you’re new to real estate investing, it doesn’t have to be, and in this article we’ll be talking about how you can figure out the return on investment for your properties using the cap rate method.

What is Cap Rate?

The cap rate, or capitalization rate, is a term used by real estate investors to indicate the rate of return that is expected to be generated on a real estate investment. This is based on the income which the property is estimated to generate for the investor.

Knowing your cap rate is vital because it helps you to see whether a property will generate a worthwhile return for the time and funds which you have invested in it. This number is displayed as a percentage, and it’s generally a reliable way of estimating your return on investment. 

How do you Calculate Cap Rate?

There are a few different ways to calculate the cap rate for your investment property, but we’re going to talk about one of the most common and easiest formulas which you can use.

Cap rate = Net operating income / current market value

The “net operating income” is the expected annual income which will be generated by the property. So, for example, if you planned to purchase a property which would rent for $2,000 per month, then your net operating income would be $24,000, but you also need to take expenses into account.

This means you need to deduct anything required for the upkeep of the property such as insurance, taxes, property management fees, and estimated maintenance costs from this number.

While it can be tough to budget for everything, some people set aside 1% of the total property value for maintenance costs every year. Once you have your net operating income figured out, divide it by the current market value of the property to get your cap rate. 

As an example of cap rate, let’s assume that you’re looking to buy a million dollar property, which you estimate will return you $70,000 per year.

($70,000 / $1 million = 7% cap rate)

What is a Good Cap Rate for Rental Properties?

So, how do you know if your cap rate is good or not? Unfortunately, the answer to this question is debatable, but most people look to have a cap rate that is somewhere between 8 and 12%. 

While you might be tempted to call it a day if your investment falls within the “acceptable” cap rate range, there is a bit more to it than that, unfortunately. There are actually a number of factors which might cause you to pump the breaks on an investment, even if the cap rate is arguably decent. 

What Impacts the Cap Rate?

Not all properties are created equal, and there are some other factors that could impact your cap rate assessment. Here’s a short list of some things to look out for if your calculated cap rate is too good to be true.

Asset Type Impacts Cap Rate

What kind of property are you investing in? A commercial property would likely warrant a much larger cap rate, because if the economy tanks you could be sitting on a sizable amount of debt with no one to rent your space.

A residential property would likely be a safer bet because people always need housing. A slightly lower cap rate may be acceptable here if the property shows potential.

Location Impacts Cap Rate

Location is everything in real estate. So, before you decide a property is a great deal because of its cap rate you should evaluate where it is located. How difficult will it be to rent this property consistently? Are there enough jobs here to support a healthy rental economy?

Your Rental Strategy Impacts Cap Rate

What kind of rental is this? If you’re purchasing the property as a high dollar vacation rental, then your average rent will be much higher, but you might also pay more in maintenance costs than you would with a long term rental.

You should also make sure to factor in that your rental could end up sitting empty in the offseason, even if it’s in an otherwise attractive location, lowering your annual income.

Supply and Demand Impacts Cap Rate

Have you checked how many other properties are for rent in the area you plan to invest in? While your chosen rental may look like a great deal, it might not actually be if there are too many other properties to compete with.

Other landlords will continually drop their prices to stay competitive, and you could end up with either an empty property or one that is rented far beneath what you thought you were going to actually get for it. Buyer beware.

Why are Cap Rates Important?

Cap rates are important for making sure that you aren’t taking on debt for an asset that won’t be able to pay for itself. It’s easy to get fooled into thinking that you’ve picked up a great deal, but there could be a very good reason that the property has been on the market for a year with no takers.

Using the cap rate method also allows you to easily compare properties to each other. If you’ve been eyeing more than one rental for your portfolio, then the cap rate could be the deciding factor that helps you see which properties earn more money for you.

If you’re purchasing properties with financing, then the cap rate is also valuable for determining how long it will take you to own the property free and clear. 

In closing, the cap rate formula is a great tool for real estate investors that’s both easy to use and useful for seeing the bigger picture. You owe it to yourself to take advantage of every tool you have to make sure that your investments are successful, don’t ignore cap rates or you may quickly come to regret your new “asset”.

 

Jan. 13, 2019

The Home Buying Process!

Step 1: Research Early

Make a note of particular homes you are interested in and see how long they stay on the market. Also, note any changes in asking prices. This will give you a sense of the housing trends in specific areas.

Step 2: Don't Go House Poor

Lenders generally recommend that people look for homes that cost no more than three to five times their annual household income if the home buyers plan to make a 20% down payment and have a moderate amount of other debt.  Down payment can fluctuate after sitting down with a trusted lender and going over your options.

Step 3: Get Prequalified and Pre-approved with a Lender

Before you start looking for a home, you will need to know how much you can actually spend/afford. The best way to do that is to get prequalified for a mortgage. To get prequalified, you just need to provide some financial information to your mortgage banker, such as your income and the amount of savings and investments you have. This will tell you the price range of the homes you should be looking at. Later, you can get pre-approved for credit, which involves providing your financial documents (W-2 statements,  bank account statements, etc.) 

Step 4: Find the Right Real Estate Agent

Real estate agents are important partners when you’re buying or selling a home. Real estate agents can provide you with helpful information on homes and neighborhoods. Their knowledge of the home buying process, negotiating skills, and familiarity with the area you want to live in can be extremely valuable. And best of all, it doesn’t cost you anything to use an agent – agents are compensated from the commission paid by the seller of the house.

Step 5: Shop for Your Home and Make an Offer

Start looking at homes in your price range. You will see a lot of houses! It can be hard to remember everything about them, so you might want to take pictures or video to help you remember each home. Take your time finding the right home. Then work with your real estate agent to negotiate a fair offer based on the value of comparable homes in the same neighborhood. 

Step 6: Get a Home Inspection

Your real estate agent usually will help you arrange to have a home inspection conducted within a few days of your offer being accepted by the seller. This contingency protects you by giving you a chance to renegotiate your offer or withdraw it without penalty if the inspection reveals significant material damage.

Step 7: Work with a Mortgage Banker to Select Your Loan

Lenders have a wide range of competitively priced loan programs to help buyers.  Every home buyer has their own priorities when choosing a mortgage. 

Step 8: Have the Home Appraised

Lenders will arrange for an appraiser to provide an independent estimate of the value of the house you are buying. The appraisal will let all the parties involved know that you are paying a fair price for the home.

Step 9: Coordinate the Paperwork

As you can imagine, there is a lot of paperwork involved in buying a house. Your lender will arrange for a title company to handle all of the paperwork and make sure that the seller is the rightful owner of the house you are buying.

Step 10: Close the Sale

At closing, you will sign all of the paperwork required to complete the purchase, including your loan documents. 

July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates