Award-Winning New Home Community, $400K Homeowner Strategy & New Design Trends

Highlighting Our Great Communities

Summer is coming to an end but surprisingly the market actually starting heating back up again after the 30-60 day scare of interest rates, but I'll get into that more down below.

I wanted to start a series where we start highlighting a few of our amazing communities here in the area! Let me know what you think!

- Sean

Bexley by Newland Community

First up is Bexley by Newland Community here in Land O Lakes. Did you know they won the best in American Living Award™ from the National Association of Home Builders? So why does everybody want to live in Bexley?

In Bexley, 1,200 acres of preserved Pasco County wilderness are planned to let you hike, bike, and live actively. 1,000 + Residents call Bexley home where you can explore 10 designated adventure trails or utilize 11 different fitness stations for outdoor workouts.

A great part about the community is there's over 5 different home builders with plenty of amenities:

• Community clubhouse with The Twisted Sprocket Cafe that serves food, wine, and beer

• 2 resort-style community pools and a 3rd one are currently under construction. One of the pools is a heated lap pool and the other is perfect for kids with a splash zone.

• Fitness center

• Fire pits

• Multiple playgrounds

• Open-air gameroom

• Miles of multi-surface trails

• Fit stations

• Dog Park

• BMX bike track

• Sports fields

• and more!

But what's really interesting is what's coming to the area around Bexley in the near future...

The Hub

The Hub at Bexley will be opening in 2022 and it will be a retail destination. It will include shops and eateries. Located at the entrance of Bexley, it will be a convenient place for all of the residents to get out for a bite to eat. New to the hub…

• Thirsty Buffalo Brewing Company

• 4 & Co. Coworking space

• P-Fit (which we own)

• Plus much more!

The Angeline Project

Lennar’s $15.4 million land buy paves way for up to 10,000 homes in Pasco. A new 6,200-acre master-planned community for the new $100M Moffit Center.

The new community in Central Pasco is designed to promote good health. It will have a professionally managed working farm. It will have a regional park. And an extensive trail network will weave throughout Angeline and will have connections to the Starkey Preserve, the Connerton Preserve and the Crossbar Ranch Preserve.

“We want to create the healthiest zip code in the country,” Goyani said.

The new Moffit Cancer Center: Pasco Campus

This $100 million project will take a few years to build but in combination with the Angeline Project, and everything else- Land O' Lakes is set to grow! The new center will include

• 775 acres at intersection of Suncoast Parkway and Ridge Road Extension

• 14,500 jobs

• 16 million square feet of space for research labs, light industrial and manufacturing, general offices and clinics

This begs the question, is the community worth it?

I'll explain in detail in my new videos.😉 But with 20% of the community who have sold their home (for context, the turnover rate that's nearly 300% higher than the average of 7%), and a 30% appreciation in value this year and 20-30% every year the last 3 years...

Bexley is one of the most desirable communities to live in Pasco County, and in all of Tampa Bay.

Home Buyers Are Back In The Game

According to Redfin data from the last week of July and a recent report by Realtor.com, for the first time in weeks, there was a rise in mortgage purchase applications, home tours, and requests for home-buying services. Here’s what triggered that spike:

• Mortgage rates dipped below 5% and were briefly down a full point from their summer high of more than 6%

• The number of active listings jumped 31% from a year earlier

• While overall monthly mortgage applications were down 16% YoY, activity in the last week of July jumped 1% week-over-week, the first increase in five weeks

• The median home price is now at $380,187, which marks the slowest growth rate since July 2020

• The monthly mortgage payment on a median home has dropped to $2,267, down from the record $2,467 we saw in June

Our take

We’re in the early stages of an exciting buyer’s market right now. Inventory is growing, buyers are active, and sellers (...who are willing to negotiate) are still getting a great price for their property. It’s so motivating to see these numbers because it proves how much opportunity is out there, if you know where to look.

The $400,000 Homeowner Buy & Sell Strategy

We’ve had over 5 clients in the past 60 days who have bought & sold using this approach. And 3 of them purchased waterfront properties. Coincidence?😂

The average homeowner has over $185,000 in equity... one of our clients actually had over $400,000 in equity, which allowed them to find their waterfront dream home.

While many believe finding their new home is the first step, and in a way it is, if you want the process to go smoothly & successfully. You have to do this instead...

So here's the 3 part strategy our past 5 homeowners have used to sell and buy their dream home:

1) Prepare - your current home.

Many of the deals require listing their current home the same week they go under contract with the purchase. The only way to do that is if your house is ready to go BEFORE you find the new home.

This doesn’t mean you have to move out and sleep on mattresses. But it’s in your best interest to sit down, run numbers, and discuss what needs to get done and the plan so that when you’re ready, all we have to do is execute.

If you don’t do this, you’ll be scrambling & stressed, and it could cost you tens of thousands of dollars when you sell because your house isn’t prepared to sell for the best price.

2) Secure - your new home.

While you’re searching & looking for your next home, there’s updates, decluttering, depersonalizing, deep cleaning, moving things, taking photos/videos, and everything else that needs to get done to sell your house.

3) List - your old home for sale.

You can’t list your home the same week properly without enough preparation. This is when we finalize and execute everything left to get the house on the market as soon as possible.

And by taking the time to prepare, your house is in the best shape and at the best value so you can get the best possible price.

Well, the main question is, are you ready to move? If you have the need, ability, and desire right now is the perfect storm for move-up buyers, it’s still a seller’s market, and you aren’t paying up over ask on a bigger, more expensive home. And you have less competition. Plus you possibly avoid the risk of being priced out as rates + prices go up, but this won’t last forever.

So if you’re open to moving and curious about how much equity you may have or want to leverage it to find your dream home, just reply and let me know “what's my home equity?”

The Local Numbers

In Other News:

• Did you know HOAs can enforce these 5 weird rules?

• 7 steps to build a $3.5M rental real estate portfolio

• These design trends are popping up everywhere

• 10 priciest rental markets in the US

• Someone recently stated Warren Buffett doesn't invest in real estate? But is that true?

• The list of home maintenance essentials every first-time homebuyer needs, bad...

Hope you're all having an amazing rest of your summer!

- Sean and the Bello Home Team

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