11 episodes

If you are looking to buy or sell a Tampa home, get all the information and the latest updates, tips, and tricks from The Duncan Duo- your professional Tampa Real Estate Agents.

Duncan Duo Tampa Real Estate Video Blo‪g‬ The Duncan Duo

    • Education

If you are looking to buy or sell a Tampa home, get all the information and the latest updates, tips, and tricks from The Duncan Duo- your professional Tampa Real Estate Agents.

    • video
    Key Tips for First-Time Investors

    Key Tips for First-Time Investors

    Here are a few things to consider before buying your first investment property. Looking to buy a home? Search All Homes Looking to sell your home? Get a Free Home Value Report Which tips do you need to remember to start off on the right foot as a first-time home investor? First, you’ll notice that I say “home investor” instead of “homebuyer” because I don’t think you should own your first investment property before you own your first home. Therein lies my first tip. Owning your own home before buying an investment property can teach you a lot about what can go wrong, how to fix things, what you are (and are not) capable of doing yourself, etc. Don’t put the cart before the horse and start buying up investment properties while you’re still paying someone else’s rent.  Next, start small. Far too many people try hitting a home run with their first real estate investment and end up striking out. Continuing with our baseball parlance, just try hitting a single. Get a rental property you can manage yourself so you can learn how to screen tenants and identify ways you can increase rent. It’s a low-risk, high-reward opportunity. If you screw things up, you can probably correct the situation without it costing you too much. Additionally, the property can appreciate greatly over time and give you ample tax benefits. “       Once you buy your first rental property, you have to treat it like a business.” As time goes on, you can branch off into buying multifamily properties, commercial properties, more individual units, or start flipping homes. First, though, start small and build from there. Being a real estate investor is, in essence, its own separate business. As you gain more skills, you can grow your portfolio.  Last but not least, hire a team of professionals. You need a team of property managers, real estate professionals, and contractors you trust to help you. Before buying any rental properties, you need to know who’ll be working on them, managing them (if you’re not), and offering you legal advice so you can successfully run your real estate investment business. Again, once you buy your first rental property, you have to treat it like a business. You have to give it its proper due by ensuring it’s properly managed by a group of professionals.  If you’d like to know more about buying your first investment property or have any real estate needs I can assist you with, don’t hesitate to reach out to me. I’d love to hear from you.

    • video
    Q: Is It a Good Idea to Buy or Sell During the Holidays?

    Q: Is It a Good Idea to Buy or Sell During the Holidays?

    Here’s why buying and selling during the holidays is still a great idea. Looking to buy a home? Search All Homes Looking to sell your home? Get a Free Home Value Report Obviously, 2020 is different from previous years, but excluding the week around Christmas and New Year’s, we are always very busy. In fact, December is one of our busiest months for closings. There are a myriad of factors that drive this trend. For example, people are looking for tax breaks or they’re looking to make a change before school resumes. Since our market doesn’t have a dead season, homes for sale are always going to look their best. If you were in the market to buy a home now, you’d probably be looking at a December closing as it is. Since our market is low on inventory, many people who didn’t find the home they wanted during the summer are now taking a step back and assessing how they could potentially move during their time off around the holidays. “       It’s pretty much always a good time to buy or sell in our market.” Aside from a busy, year-round market, we also have historically low interest rates, an appreciating real estate market, and many other good, local economic indicators. Furthermore, if you buy or sell during the holidays, there’s also the convenience of moving when the weather is cooler. The bottom line is that it’s pretty much always a good time to buy or sell in our market. If you have any questions, don’t hesitate to reach out to us.

    • video
    Q: What’s the Best Way to Buy Sight Unseen?

    Q: What’s the Best Way to Buy Sight Unseen?

    Need to buy sight unseen? Thank goodness we’re in the digital age! Looking to buy a home? Search All Homes Looking to sell your home? Get a Free Home Value Report In Tampa Bay, we almost always see a surge of people coming down in the summer, but this summer we’ll likely see even more people who want to move here to enjoy the affordability, low taxes, and the absence of a state income tax—not to mention to get out of their crowded city apartments after months of lockdown. So, if you’re moving out of state in today’s market, how do you buy a home sight unseen? In recent months, more people than ever have been doing this out of an abundance of caution amid the coronavirus pandemic. Buying sight unseen isn’t new, especially here in Florida where there are a lot of investors and folks buying vacation homes. Doing it effectively, however, requires some extra awareness. Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message, or use these timestamps to skip to topics that interest you most: 1:16 — The importance of working with an agent that truly understands your needs 2:10 — You don’t have to be physically present at the closing table 3:26 — Do as much digital research on the area (and the agent who will help you move there) as possible 4:34 — Don’t give up a property that’s poorly listed; ask your agent to fill in the gaps 5:20 — Wrapping things up As always, if you have questions about anything that was discussed in this video or real estate in general, you know who to call or email! We’re available to address your concerns and listen to your unique home buying or selling situation. Don’t forget to follow us on social media as well! Have an awesome day.

    • video
    Are Homes Still Selling Fast?

    Are Homes Still Selling Fast?

    Home sellers in our market will be very pleased with this update.  Looking to buy a home? Search All Homes Looking to sell your home? Get a Free Home Value Report A lot of people don’t realize that we’re in such a strong seller’s market here in Tampa Bay. Bidding wars are back, homes are selling above asking price, and even the luxury market is moving quickly. Although this sentiment sounds sales-y, it’s the truth. If you would have talked to me a few months ago I wouldn’t have believed it. However, the limited inventory we have right now when combined with the high demand we’re seeing from buyers is making our market very strong. “ The No. 1 way to make sure your home sells fast in this market is to price it right.” Although sales were down for the last few months, inventory has decreased as well. The No. 1 way to make sure your home sells fast in this market is to price it right. Don't give the consumer any reason to believe that something is wrong with your property. If the home’s overpriced, the consumer will go down that road, whether it’s valid or not. We can help you sell your home for top dollar in the traditional way, but we can also buy it from you directly with our cash offer program. If you have questions for us or any real estate needs that we can assist with, don’t hesitate to reach out via phone or email. We look forward to hearing from you.

    • video
    Tampa Bay Summer Real Estate Predictions

    Tampa Bay Summer Real Estate Predictions

    Here’s what we expect to see this summer in the Tampa Bay housing market.  Looking to buy a home? Search All Homes Looking to sell your home? Get a Free Home Value Report Everyone thought that the Tampa market was only going to get worse due to everything happening with COVID-19. Granted, there hasn’t been as much inventory for buyers to choose from, but there have been plenty of buyers out looking because interest rates have dropped so low. In short, the pandemic helped generate pent-up demand, and now it seems like all those sellers who previously withdrew from the market are coming back in droves to put their homes up for sale. On top of that, as the country starts to reopen, there’s the fact that many people who have spent way more time at home than they ever planned to have decided that they want to move to the suburbs and other, less-crowded areas. People were already flocking from New York to Florida before the pandemic, but that’s a trend that we expect to continue as we move through the summer. “ All in all, ours is still a robust market, and we anticipate it to remain that way for quite some time.” If you’re a homeowner who plans to sell this year, know that you’re in a great position to fetch a premium price for your property simply because there isn’t a lot of inventory from which to choose. Even if more sellers started putting their homes on the market, it would still take a while for the inventory to catch up to the demand. All in all, ours is still a robust market, and we anticipate it to remain that way for quite some time. Homes are selling quickly (many with multiple offers), interest rates are low, and demand is high. If you have any questions, don’t hesitate to reach out to us. In the meantime, be sure to catch “The Duncan Duo Real Estate Show” every Sunday morning at 10 a.m. on 970 AM WFLA. Hope to hear from you soon!

    • video
    Why You Should Work With a Local Lender Instead of a National Lender

    Why You Should Work With a Local Lender Instead of a National Lender

    Why should you work with a local lender instead of a national lender? Today we’ll explain. Lots of online lenders that have a nationwide reach can be misleading when it comes to getting information about quotes, interest rates, and the fees and services they offer. This is especially problematic for first-time homebuyers in the market who are trying to figure out what their monthly payment would be if they bought a home. In places like Florida and the Bay Area, things like homeowners insurance rates, property taxes, and closing costs tend to be much higher. A local lender will be more familiar with the specific nuances of your area’s market than a national lender would be, so they’ll be able to use that information to give you a more accurate picture of what your monthly payment would be. They’ll also be able to tell you, for example, whether or not the home you’re purchasing is in a flood zone, which would mean you’d need to get a flood insurance policy with the home—this could also greatly affect your monthly payment. “ A local lender will be more familiar with the specific nuances of your area’s market than a national lender would be. ” Additionally, national lenders sometimes send you an online calculator that allows you to punch in some information and then shoots out an estimate of your monthly payment. You might think that that’s a great service, but often that estimate is lower than everyone else’s because they use a standardized, fake number for taxes and insurance. They can’t know the taxes and insurance on the house until they actually have a house to assess. So, when it comes to using online calculators, be sure to only pay attention to the principal and interest. Another thing to consider is that a national lender may offer you a great interest rate, causing you to think you’ve struck gold, but once you look at the loan origination fees, closing costs, and the points that you pay in order to get that rate, you’ll learn that the overall costs may be substantially higher. Make sure that when you’re comparing different lenders, you’re comparing apples to apples. All in all, working with local lenders will help prevent you from making certain, potentially costly mistakes when it comes to purchasing a house, on top of saving you time and money. If you have any questions or would like recommendations regarding local lenders we know and trust, reach out to us. We’d love to speak with you.

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