Trinity, Fl Real Estate – Is it a Seller’s Market?

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Living Room

Buy low and sell high — that is an investor’s strategy. What is a homeowner’s strategy in Trinity, Fl? Sell low and buy low? This approach is certainly working well for some with East Lake, Fl homes for sale.

To compete in this market a home needs to: be priced right, be in the best possible condition, and be properly marketed. Sellers over the past two years have had a tough time of it, especially with the competition from the tide of foreclosures and short sales.

And emotions can run high; even though a seller may understand that the market dictates the price, it is hard to swallow that the place they care for and make a mortgage payment on every month is not getting its just due in the marketplace.  

However, there are sellers that are “getting their move on” by taking advantage of the current real estate climate on the other side of the balance sheet. Basically, the loss on the property a homeowner sells is really only a paper deficit; the next property he or she buys will also be at a bargain price.

We’re seeing more and more homeowners willing to suffer the loss on the front-end, only to take the opportunity to trade up and buy a home that has more amenities and is often located in an area that was previously out of their price range.

So the buyer of the seller’s home may be getting a deal, but so will the seller when the seller becomes the buyer. With a realistic sale and a well-considered purchase, the seller will ultimately wind up in better shape when real estate values increase again.

This market can cut both ways and a savvy seller with the proper real estate advice can actually do quite well for themselves by playing the game a bit like the investors do, by becoming a buyer.

Financial Amenities in Trinity Real Estate

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Condos have long been an affordable home purchase option and offer tremendous advantages. They can provide residence in exclusive areas like Trinity, Fl without the expense of a single family home; they typically offer access to a wide range of amenities like tennis courts, pools, and fitness centers; they offer surveillance systems that provide additional layers of protection, and they require reasonable association fees to cover exterior maintenance.

But, by virtue of their design as a community that shares expenses, other condos in foreclosure or in default on common charges can become your problem. If you are considering a condo in today’s market, a full assessment of the financial health of the complex will be conducted by your lender. But before you even present the property for purchase, a little knowledge will save you time and potential disappointment.

Your Trinity real estate agent will assist you to investigate the economic standing of any condo association and provide all the statistics you require. But the major points to be aware of are:

  • Budget – What is the current condo budget versus the income and expenses? How do these numbers compare to previous years?
  • Reserve Study – What is the maintenance plan and how will it be paid?
  • Special Assessments – Have there been any and are more planned?
  • Delinquencies – How many owners are behind in their payments?

On the flip side, if you are currently interested in selling a Trinity, Fl condo, we will assist with the same type of analysis. While any sale in this market needs to target the right price point to get buyers interested, the whole picture is part of the deal in the condo world. If the community itself is not fiscally attractive to buyers or bankers then nothing else really matters.

Don’t get me wrong; there are plenty of condominium complexes that are attractive both inside and out. They are well maintained, have all the right owner-occupied ratios, and are financially sound. The caveat here is that if you are buying into a development or selling out of one, sometimes beauty is only skin deep.

Trinity Florida – Fox Hollow Open House Event

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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 News Ex NFL Player Settles In Trinity

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There was a great article in the St. Petersburg Times today about Ex NFL Player Bruce Taylor who moved to the Trinity area. The Trinity real estate market is our passion and we know that Mr. Taylor made a great decision!

Read more!

Trinity Town Center | Real Estate Update

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As if our beautiful community wasn’t ideal enough, we now welcome The Trinity Town Center! This oasis will be the hub that ties our neighborhood together. Poised at the intersection of Trinity Boulevard and Little Road this exquisite sanctuary and its shops are in keeping with our local architectural style. Our new addition therefore integrates perfectly with the ambiance of Trinity.

The design of our Town Center is contemporary but tempered with a clock tower and classic cobblestones shaded by tree-lined streets. With a $40 million price tag, no expense was spared to dress our town square in splendor. “We really believe it’s going to be the unifying downtown area for Trinity,” said Paul Aiello, VP of real estate development with South Capital Construction Inc., the builder of this exquisite retreat.

Our new “Main Street” stands apart from the typical shopping center complex. First of all, the land itself is zoned for mixed use, which means it can support a combination of residential, commercial, office, institutional, or other land uses. Our 13.5 acres of space will host everything from salons to upscale restaurants to office space to specialty and one-of-a-kind shops. This is no typical strip mall where one parks the car and patronizes the same old chain stores and restaurants. The concept here offers residents a place to run our errands but also provides the opportunity to stroll, browse the shops, and then meet friends for dinner!

We will additionally be afforded a haven to enjoy and relax in the evenings while overlooking sparkling fountains and listening to music emanating from the band shell. “We’re trying to stay away from power center style,” said Eric Schaffer of CBRE, the exclusive leasing agent of the Trinity Town Center. “We want to make it more community oriented.”

CBRE is also working to ensure that a wide spectrum of retail shops is offered so we are not finding something we can get anywhere. The leasing agent is striving for balance so no one type of eatery or shop has predominance. We instead, for example, will have a buffet of restaurants from which to choose. Some of the savory restaurants included are Master’s Steak House, Mariposa Mexican Grill, and Nikos Mediterranean Seafood.

This upscale addition to Trinity will bring even more real estate value to our homes and will certainly become a new source of employment and revenue. With an expected completion of August 2008, this eclectic mix will be welcomed as the true hearth for our homes.