Mel Nixon - EXP Realty

12/14/2024

Homebuyers, have you heard? There are more newly built homes available right now than usual.

And the best part is that a lot of these new builds have a smaller footprint, which may come with a lower price too.

And just in case this has you wondering, this doesn’t mean builders are overbuilding. There’s still a long way to go to make up for years of underbuilding.

Ready to explore what’s out there? DM me to go check it out together.

12/14/2024

Do you know the minimum credit score needed to buy a home?

Data shows 7 out of 10 people don’t know what lenders require or that it varies by lender or loan type.

The good news is, you don’t need perfect credit no matter what you’ve heard.

If you want to learn more about home loan options that may work for you, connect with a trusted lender.

10/15/2024

If you have a tighter homebuying budget but are eager to get your foot in the homeownership door, don’t rule out townhomes and condos.

They’re usually more modest in size, but that can come with the advantage of being easier on your wallet. Plus, there are more available right now.

Let’s chat so I can show you what’s for sale in our area.

10/15/2024

Have you heard? In 22 of the top 50 metros, the monthly mortgage payment is lower than the rent payment.

If you want to compare buying and renting a home in our area, DM me and let’s take a look together.

10/15/2024

Wondering what it’s going to cost to sell your house? Here’s a rough idea of what to expect.

Just remember, these are estimates. Your exact figures will vary depending on things like taxes where you live, what agent commissions you agree on upfront, and any concessions you offer to buyers.

If you want to talk through this together to get a better idea of what to plan for, DM me.

10/15/2024

Worried about a housing market crash? Here's why supply and demand show you don't need to be.

In a balanced market, we see about a 6 months’ supply of homes for sale – meaning supply and demand is about equal. Back in the 2008 crash, that jumped way up to 13 because there were too many homes for sale. And today, we have only a 4.2 months’ supply.

This shows we're not even back to normal – and we’re really far off of what happened in 2008. That’s why a crash isn’t expected.

10/15/2024

Thinking about pulling your house off the market until next year? Think again.

Buyers who look during the fall season are serious and eager to move quickly, especially now that mortgage rates are down from their recent peak.

So, don’t miss out. Keep your home listed to attract motivated buyers who are ready to negotiate and want to close fast.

10/11/2024

https://www.tiktok.com/t/ZP888qUrJ/

Check out Mel’s video.

10/09/2024

🌪️ How Hurricanes Impact the Housing Market 🌪️

As Hurricane Milton approaches, it's important to understand how storms like this can affect the housing market, especially here in Tampa. Whether you're buying, selling, or thinking about investing, here's what you need to know:

1. Short-Term Market Slowdown: During and right after a hurricane, the housing market often slows down as buyers and sellers shift their focus to safety and recovery. Showings may be delayed, and closings could take longer.

2. Property Values and Repairs: Homes that withstand the storm well may see a rise in value, especially those with hurricane-resistant features like impact windows, storm shutters, and elevated foundations. However, homes that suffer damage might see temporary decreases in value until repairs are completed.

3. Insurance Costs: Hurricanes often lead to higher home insurance premiums, particularly in areas more vulnerable to flooding and wind damage. It’s essential to factor this into your buying decision.

4. Increased Demand Post-Storm: After the storm, there is often a surge in demand for housing as displaced residents look for new homes and as investors purchase properties in need of repair. This can lead to a competitive market with rising prices.

5. Construction and Repair Delays: Storms can strain local contractors and resources, leading to longer wait times for repairs or new construction. Be prepared for potential delays if you're buying a fixer-upper or planning renovations.
Navigating the real estate market in a hurricane-prone area requires expert guidance. If you have any questions or need help making decisions during this time, feel free to reach out!

Stay safe, Tampa! 🏡💪
Melinda (Mel) Nixon
Realtor® | Veteran | Certified Home Advisor | Certified Home Financial Resource

10/09/2024

10/09/2024

Just in case someone needs this information:

🚨 Shelters are a Last Resort! 🚨

If you need to evacuate during a storm, your first option should be to stay with friends, family, or at a hotel outside of evacuation zones. If that's not possible and you must go to a shelter, keep the following in mind:

- Shelters open on an as-needed basis—only go when officials announce it’s open.

- Shelters provide basic protection, not comfort. Bring your disaster kit, bedding, medications, and hygiene supplies.

- Alcohol, illegal drugs, and weapons are NOT allowed.

- Pet-friendly shelters are available—bring proof of vaccinations, a crate, and all pet supplies.

- Plan for transportation delays—services may take up to 90 minutes.

If you have special medical needs, pre-register for special needs shelters now. For more info on shelters, pet-friendly locations, and real-time updates, check the Hillsborough County Hurricane Evacuation Assessment Tool (HEAT).

Stay prepared and stay safe! 🌀

https://hcfl.gov/residents/stay-safe/emergency-evacuation-shelter-list