Pricing Homes for Sale in Tampa Bay


Price reductions on a listing are as common as the need for killer curb appeal. Pricing residential real estate in Trinity, Fl for example is a strategy predicated on comparisons with other recent sales in the area and the condition of the home.

Some home sellers want to take the number they have in their head “out for a spin” and see if any offers surface. As negative as this sounds, best practices in this situation would dictate a price reduction schedule be invoked after a period of time on the market at the inflated price. One of the major problems with overpricing a home at the onset is that it sends a signal to potential buyers that something is wrong with the home.

Setting that bar or that price point too high will also soon make your home old news. Plenty of brand new properties are entering the market hourly, particularly from the foreclosure inventory. Your home can really get lost in the shuffle; the best time to strike is early and at the right price.

The National Association of Realtors just reported that “in October and November, when the market was feeling the effect of the tax credit, 26 percent of sellers cut their asking prices.” In addition, NAR also reported that just released the figures that the “prices on 19 percent of homes for sale as of March 1st have been reduced at least once, the lowest percentage in the last year.”

These statistics indicate that more sellers are pricing their homes better. They are therefore spending less time on the market and are not subjecting themselves to multiple price reductions.

Let’s face it, moving inventory faster is essential to the restoration of home values; but it also goes a long way in restoring consumer confidence and ensuring the success of the individual home owner trying to make their move.

Today’s Real Estate Market

The home purchase tax incentive and incredible home mortgage rates made a huge dent in Trinity’s housing inventory this year; and home prices took a step back from the edge of yet another precipice. 

On the home selling side, two other trends made a big difference in our local markets. In the beginning, when home prices started and continued to decline, home sellers initially remained firm on their sale price. 

Understandably so, selling a home is an emotional experience. When you put time and money into maintaining and beautifying something, you want a proportional gain. But as home sellers began to understand that it is the market that dictates price and adjusted accordingly, their homes starting selling and the inventory began decreasing. 

Another key factor this year was the increase in professional representation. Homes for Sale by Owner, a popular alternative, have not fared well in this market. Besides the challenges of structuring contracts, the most difficult part of a real estate transaction for an unlicensed person is the lack of familiarity with the new legislation governing appraisals, the mandates of FHA and VA loans, and all the nuances of buyer qualification.

These areas have changed so dramatically, that just about anyone selling their home on their own without benefit of an experienced Realtor was, and still is, at a tremendous disadvantage.

Our lives and our market will return to normalcy, it is just a slow and steady rebound. Bottom line, the trend for 2010 is recovery, and buying and selling are back in style.

Trinity Golf Course Home

Trinity Florida – Fox Hollow Open House Event

You are cordially invited to the Platinum Series Real Estate Open House event featuring this beautiful Nohlcrest built villa.  This expanded two bedroom with sitting room off master PLUS den home is located in the exclusive gated Peachtree Village of Fox  Hollow community in  Trinity, Florida.  Enjoy an afternoon of elegance touring this lovely villa while sampling exquisite handcrafted, hand-painted chocolates by  William Dean Chocolates and a light lunch.   If you know someone who may be interested in Peachtree Village of Fox Hollow, please feel free to invite them as your guest.  Thursday, November 12th from 12:00 – 2:00   1219 Hominy Hill Drive, Trinity, FL  34655new pics 072

Trinity Listing – Fox Hollow Peachtree

Fox Hollow Peachtree Listing

Fox Hollow Peachtree Listing

Trinity real estate agent, Lori Crawford offers custom built Nohl Crest villa situated on private, oversized lot!

This spectacular 2 bedroom/ 2 bathroom PLUS den/office home is truly one of a kind with over 2300 sf of living space. Located in the gated Trinity subdivision of Peachtree with community pool, it offers convenience to shopping, dining, schools, Pinellas county and Tampa. Surround yourself in luxury with features such as crown molding, upgraded kitchen with maple wood cabinetry, volume ceilings and so much more.

Not only does the kitchen have a separate breakfast nook, this model also offers a formal dining area. The spacious great room and master bedroom access the screened lanai through their own set of sliding doors. You’ll love the master suite with its separate sitting room and a bathroom fit for a queen! On the opposite end of the home is the second bedroom that offers privacy & a second bathroom. Oversized 2 car garage, security system, tile roof & hurricane film on all windows are some of the additional upgrades added to the home. EXTERIOR BEING PROFESSIONALLY PAINTED OCTOBER 2009