According to the Reuters news service, the luxury home market for those with high net worth incomes (HNWI) has remained surprisingly strong — even when there were dips in other sectors. Luxury homes are hot on the radar of those with the means to swing multi-million dollar purchases.
One listing tactic for the marketing of luxury homes — whether in Beverly Hills, Palm Beach, or here in Tampa — is the “pocket listing.” Pocket listings give the owners of luxury homes the ability to conduct a discreet, private sale by keeping it off the Multiple Listing Service. The most common reason my sellers opt to steer clear of the MLS is to give maximum leeway concerning general public knowledge of the offering.
I recall seeing one notable recent example (I believe it was reported by TMZ): the simultaneous pocket listings of both of their high-end homes by celebrity pair Kim Kardashian and Kanye West. For public personalities whose careers are dependent on careful nurturing of their images, maintaining control of public access to their domestic doings can be viewed as a business necessity. Instead of being exposed on the usual multiple-listing services, it’s marketed directly by their agent. Continue reading →
About David Tipton
David Tipton was raised in Tampa, FL and is a broker associate with HomeXpress Realty. Dave has been a Florida licensed real estate broker since 1986. There have been massive changes in the real estate industry during the past 26 years and Dave has those experiences under his belt, which thoroughly prepares him for what ever comes in the future. Dave received a BA degree from the University of South Florida in Tampa and is a Huge Bulls fan, but roots for all the Florida teams that aren't playing the Bulls.
BRAND NEW! MOVE-IN-READY BUILDERS INVENTORY HOME — Numerous Upgrades! Popular SALERNO model in Valencia Lakes active adult 55+ community, offers 2 BR 2 BA, and Den and 2 car garage. Fantastic water & conservation views from the screened in lanai. Open floor plan, split BR’s and high ceilings.
Kitchen offers GE appliances, 42″ maple cabinets + pantry, zodiac quartz countertops and upgraded tile backsplash. Master BR offers 2 huge walk-in closets and dual sinks in bathroom, separate glass-enclosed stall shower & garden tub. Granite countertops also in both bathrooms. Separate laundry room. Security system in your home; brick pavers on driveway, walkway & on lanai.
Valencia Lakes is a very active community and offers a FABULOUS WATERFRONT OUTDOOR RECREATION AREA; includes a brand new 27,000 sq. ft. clubhouse with resort style heated pools to include a lap swim area and resistance pool. Outside you’ll also find Har-Tru tennis courts, Pickleball, Horseshoes, and Bocce Ball courts. State of the Art fitness center, spa with men’s & ladies steam rooms & lockers. A full-time social director will keep you busy with different classes, clubs, concerts & shows in the grand ballroom. Card rooms, a billiard room and more. Relax at the Internet Cafe and enjoy breakfast, lunch and some dinners. Clubs to numerous to list. Live the good life in Florida at Valencia Lakes located on the west coast between Tampa and Sarasota!
For more information or to see this or several decorated model homes, please give me a call or send me an email. I would love to show you the community and the lifestyle.
Options for Buying a Home After a Foreclosure Open Up
“Time flies when you’re having fun” we hear all the time. But time can also pass quickly for those who’ve had to go through difficult times. Case in point is a million and a half borrowers who have recently experienced the pain of a foreclosure. That’s the estimated number of those who, by this time next year, will have waited long enough to again become eligible for an FHA loan.
Anyone interested in buying a Brandon home after a foreclosure has come through a tough period. The standard waiting period for an FHA-guaranteed loan is 3-4 years following a foreclosure or short sale (though individual circumstances vary). Now that the weeks and months have ticked by, this sizable crop of newly eligible prospective ‘boomerang buyers’ may soon find themselves contemplating the option of buying a home after a foreclosure.
That estimate of the size of the newly eligible was provided by Moody’s Analytics. Since they are key players in determining creditworthiness, it’s a source I trust. A chart of Moody’s count from the second quarter in 2011 (when their number was a mere 285,000) to next year’s second quarter 1,500,000 provides a convincingly uphill slope.
Still, being eligible to apply does not mean automatically qualifying for an FHA (or any other) loan. Success in buying a Brandon home after a foreclosure continues to depend on the same standards that always apply. After the waiting game is over, having cured credit damage will become the prime requirement. Continue reading →
About Rick Frissell
Rick Frissell is native of Florida, born and raised in Tampa. Rick has been in the real estate business for over ten years and has a wealth of experience and knowledge to share with his clients. An author of a popular real estate book about buying bank owned properties, Rick holds a BA degree from the University of South Florida and is affectionately known as the "Red Baron" by friends and associates in the real estate industry, the Red Baron Real Estate brand has really taken off.