Duncan Duo 2-02-25

Episode Transcript

Speaker 1 (00:00):
I'd be Sunday, Tampa Bay. We're with you for another

(00:02):
week here on the Duncan Duo Real Estate Show, like
we are every Sunday at ten o'clock talking about all
things real estate in Tampa Bay. Keeping you updated on
your home value, keeping you updated on what's going on
in the Tampa Bay real estate market. If you want
to know what's going on in your neighborhood. We've unveiled
this really amazing tool on our website at duncanduo dot

(00:23):
com to new technology partner of ours that is incorporating
the automated valuations of basically all the different providers. So
any of the websites you go to, it's kind of
an all in one source where you can go and
see all of that. So if you go to Duncan
Duo dot com, you just type in your dress, it'll
let you know everything going on in your neighborhood. So
are there homes and foreclosure in your neighborhood? Are there?

(00:46):
And again, the point of our platform is to share
information and show you this information. A lot of the
platforms out there don't share all of this. They won't
show you if a home's inporclosure in your neighborhood. They
won't show you certain things about other homes, mostly because
they want to try and capture you as a lead,
not necessarily provide you value. So ours is all about

(01:08):
providing value. So again that's at dunkinduo dot com. Anytime
that you want to get an update on what's going
on in your neighborhood your home value, just go to
dunkinduo dot com. But I want to talk today about
the real estate statistics for our Tampa Bay real estate market.
And when I talk about these real estate statistics, I
want to be clear because I did get some questions

(01:29):
about this. My real estate team covers a really broad
geographic area. We cover everything from Polk County up to Pasco,
Hernando all the way through Hillsboro, Penelas and then down
to Sarasota and Manatee. The statistics that I'm using are
from the Board of Realtors that covers Panelas and you

(01:52):
know Penel's, Pasco and then Hillsborough. The Sarasota Manateee market
is somewhat unique, so when I'm talking about these real
estates statistics, they don't necessarily apply to Sarasota Manateee. Even
though we cover those markets. So I'm going to talk
about those statistics as well today, both the Sarasota Manatee
as well as the Greater Tampa Bay real estate stats.

(02:12):
You have an idea of what's going on. And look,
it's no secret that our market got hit with two
considerable hurricanes that caused some dramatic impacts on our real
estate market, and I want to talk about what has
happened with our statistics. In December, the market had four
three hundred and twenty two sales, and if you look
at that at face value, you would say, well, hey,

(02:32):
look that was better than last December at thirty eight
hundred sales. Does that mean we're improving? And in reality,
it doesn't, because all that December did was catch up
the lost sales from September, October and November that we
would have normally had had we not had storms, and
frankly didn't quite catch up enough. So if you look

(02:53):
at the last four months of twenty twenty four and
compare them to the last four months of twenty twenty
three in terms of total number of sales, twenty twenty
three crushed twenty twenty four. The only month that was
better was December, and it wasn't better enough to make
up for the losses in the prior three months that
we saw from the hurricanes. So it is a good
positive sign. It shows us as some of that demand

(03:16):
is coming back a little bit. It shows us that
some of those transactions, some of those flood damagehulms are
getting through, some of them are getting repaired, some of
them are getting sold. And so nonetheless it does show
signs of improvement. But the good mark in December doesn't
offset the downside of the last few months. And twenty
twenty four was the lowest number of home sales in

(03:38):
Tampa Bay in decades. And also seventy four percent of
real estate agents did not do a transaction in twenty
twenty four. Let me repeat that, seventy four percent of
real estate agents did not do a single deal in
twenty twenty four. That means if you have four reel
toor friends, three of them probably didn't sell a house

(04:00):
last year. And it's why it's so important to choose wisely.
If you've chosen an agent as your friend or it's
one of those four people and you didn't really vet them,
and I don't mean vet them by them telling you
that they sell a lot, Because I'm gonna be honest
with you, a lot of people lie. Okay, I'm talking
about did you vet it out? Did you look them
up on the portals? Did you see how many homes

(04:20):
they've sold, did you look up their team? Did you
find some sort of confident information that you're hiring somebody experience.
I mean, imagine going in for brain surgery or going
into some massive lawsuit and hiring someone that didn't do
a single brain surgery last year, or that didn't have
a single legal case last year. Like imagine, imagine that,

(04:44):
and that's what is happening. That is seventy four percent
of realtors out there didn't do a single transaction. The
time has never been more important for you to pick
the best and to go after somebody documented like our
team that has a track record over twenty years, sold
billions of dollars of real estate. We've sold thousands and
thousands of homes, probably in your ten thousand at this point,

(05:04):
if I'm being honest. So the point is is that
there are a lot of mistakes happening in our market,
and there are a lot of consumers getting bad information
because they're going with inexperienced agents that got into the
business when it was hot and didn't know what to
do when it changed. Fortunately we do. So let me
continue on the statistics. And again, if that's you, if

(05:24):
you hired the wrong agent, if you had bad results,
if you hired somebody and didn't get it done, you
might have got one of the seventy four percent go
to dunkan Duo dot com. I promise you we're not
one of the seventy four percent. In fact, only two
percent of realtors did eleven to twenty deals last year,
and far less than one percent did more than thirty

(05:45):
and obviously that was us. So you want to be
you want to be working with somebody that's one of
those top top one percent producers right now, because it's
just much different. You need more marketing outreach, you need
better negotiation skills to get home sold in a challenging
market like this, and let's face it, it's the most
challenging market we've seen and it was headed that way
before the hurricanes showed up. Okay, so it's a really

(06:08):
challenging real estate market. You need to choose wisely. If
you don't choose wisely, it's going to cost you money
and your home's not going to sell, or you're going
to give away some of your equity. So let me
get back to the stats and tell you kind of
what matters. So I mentioned that home sales were up
in December year over year, and they were up over
the last few months, which was kind of expected. December
seasonally is usually a little bit better than prior months. However,

(06:33):
the only December that this December was better than in
the last decade, okay, was last year's. Okay, that's it.
You go back to twenty twenty two that December was better.
You go back to twenty twenty one that December was better.

(06:55):
So our December being okay wasn't really that great of
a come up, especially considering how bad the prior three
months were. So let's talk about the average sale price
in Tampa. Here's basically what we've seen in the last
probably two almost three years in some neighborhoods. If you
go back to June of twenty twenty two, we hit

(07:19):
an average sale price of four hundred and eighty four
thousand dollars in June of twenty twenty two, So this
is two and a half years ago we hit an
average sale price of four eighty four. Since then, it
goes up, it goes down, it goes up a little bit,
it goes down a little bit. But today our average
sale price is four hundred and seventy nine thousand and
one seventy eight. Last December, our average sale price was

(07:40):
four ninety seven. Now our four to seventy nine in
December this year is up a little bit over the
last three months. Again, same with home sales, but we
are seeing depreciation. Okay, if you're looking to sell your
home for what your home sold for, you know a year,
two years ago, three years ago, it's not worth that anymore,
It's worthless. And it's headed in that direction. That trend

(08:04):
is going to continue no matter who is in the
White House. And I think you probably all kne who
I voted for. No matter who's in the White House,
real estate market is not going to move dramatically quickly,
especially without any change in interest rates. And the Fed
came out this week and said no change, and they
predicted that likely the next FED meeting they'd have no
change again without some dramatic move in interest rates. There

(08:27):
just aren't enough consumers out there. To eat up the supply,
and there's going to be more and more distressed homes
come on that are damaged by floods. So average sell
price four seventy eight pretty much. You know, over the
last two and a half years, we've had ups and downs,
year over year depreciation, a year over year over year depreciation.

(08:48):
We're just not headed in a positive direction from that standpoint.
The list to sale price ratio also tells is also
tells a story because the higher the list to sell
price ratio, the closer we are to a seller's market,
and the more the seller has advantage to maybe get
a bidding war or sell their home quickly. If we
go back to summer of twenty twenty one, we were

(09:11):
hitting one hundred percent. One hundred percent was the average. Okay,
we got up to one hundred and two in spring
of twenty two, and since then it has been on
a decline from one hundred and two down to today,
for the first time in years, it has hit ninety
six percent list of sell price ratio. Again, what does

(09:32):
that tell you? Buyer has the advantage, buyer is getting
a better deal. The market is is shifting, it's softening. Okay,
another statistics seventy two days on market. That means seventy
two days for a home to sell. Now, some of
that is because the storms and it's taking longer. People
have to make repairs, they have to make insurance happy.
But again, the highest figure that we have seen in

(09:57):
nearly I mean in like six years, we're at seventeen
thousand homes that softened a little bit, so that extra
demand picked up some of the inventory, so we haven't
seen inventory rise as much. But also inventory got zapped
by the number of homes that got damaged and flooded
and then had to be repaired to be able to

(10:17):
come back on the market. So the inventory number isn't
really a telling sign of what's going on with the market.
It's more a telling sign of how hard it is
in four months for people to get the permitting done
and get their homes repaired so they can get them
on the market. Because guess what if they can't get
the permits and they can't get them repaired, they're not
back on the market yet. So that inventory that those

(10:38):
percentage of homes, and there was a big percentage of them,
are gone. So I don't look at the inventory or
the month supply of inventory really that relevant right now
because it's skewed, the data isn't really that accurate. So
that's pretty much how the Tampa real estate market is looking.
We did see a pickup in December. We were seeing depreciation.
We're seeing home sell for a lower percentage of the

(10:58):
asking price. We're seeing homes take longer to sell, and
while we wait. While we have seen a little bit
of improvement in months supply of inventory, it's really artificial
because those are not homes that people chose not to sell.
There are homes that basically had to com off the
market because they were not sellable. They were damaged, they
were flooded, they have insurance claims, they're going through permitting,

(11:20):
And I could do a whole show about the horror
stories I'm hearing in our counties about permitting right now. Man,
It's it's pretty tragic and I and it's sad because
there are other parts of the country getting all this
attention right now. Obviously, you had the Carolinas get hit
really bad. We've had the wildfires in California that were
pretty devastating. But there's still a lot of people here

(11:41):
that are pretty devastated and they've been waiting months for
permits on simple things. I have one of my employees
and my leadership it took three months to get a
garage door permit. Okay, So imagine how much of an
impact that has on the real estate market because those
are homes that can't come on the market. So, you know,
I'm going to continue talking about the Sarasota stats and

(12:03):
I'm going to compare them to what we see in
Tampa so you can get an understanding of the differences
in the variations, but also the seasonality of what we're
seeing a little bit differently in Sarasota and Manatee than
we've been seeing in Tampa. And we'll do that after
a quick break here on the Duncan Duo Show. So
we're back here on the Duncan Duo Show talking about
the Tampa Bay real estate market. Talked in the first

(12:25):
segment about the best place to get your home value
estimate and what's going on in your neighborhood at Duncan
Duo dot com, and we talked about the real estate statistics.
And I want to talk next because you know, we
talked about the the Tampa real estate market and now

(12:45):
I want to pivot, and when I mean Tampa, I
mean Tampa penelas Pasco. Now I want to pivot and
talk about Sarasota. So, Sarasota Manatee operates a little bit
differently but has some of the similarities of the Tampa
real estate market. A little bit more seasonal and definitely
softer in spots and a lot more fluctuations seasonally. Okay,

(13:08):
So I want to talk about first, I want to
talk about the average sale price in Sarasota. Look, in Tampa,
our average cell price is four eighty. In Sarasota Manatee,
our average cell price is seven hundred and forty five thousand. Now,
so put that into perspective. Last December it was seven

(13:29):
hundred and twelve. The December before that, it was five seventy.
The December before that it was five seventy nine. Okay,
So we have seen a little bit of appreciation in
Sarasota Manatee compared to Tampa. Okay. Now, however, while we
are hovering around seven forty five, just a few months

(13:50):
ago we were six forty one. So we're up quite
a bit from there, but that is also seasonal. Sarasota
manate doesn't do as well in the summer. It's a
seasonal market that does more, does better in snowbird months.
So December is actually is really strong month typically for
Sarasota Manatee. And similarly it also got hit. December this

(14:12):
year looked better because September, October November were so bad
and so many homes sales were lost from the storms
and all the impact from that. So in Tampa right
now we're seeing a ninety six percent list of sell
price ratio. In Sarasota, it's ninety four. In Tampa, we
see seventy two days for a home to sell. In
Sarasota it's hovering around ninety, which is also the highest

(14:35):
number it's been in a long time. Go back to
the summer of twenty twenty two, and it was two
weeks for a home to sell. Now were three months, okay,
ninety days, So that number has risen as well. It's
taking longer for homes to sell. The market is tilting
more in the buyer's favor. We have seen some appreciation
right in Sarasota compared to Tampa, where it's the opposite

(14:57):
of that. We're not seeing that at all. On the
average sell prices in Tampa, it has been pretty stagnant
since twenty twenty two. If you go back to twenty
twenty two, in Sarasota, we are around six forty six seventies,
six fifty to today seven forty five, seven thirteen, seven
forty seven, seven forty seven the last four months, so
again average in the seven thirties. And guess what that's appreciation.

(15:20):
So we're seeing we have seen a market in Sarasota
that is bucking Tampa's trend in terms of values are
still improving a little bit. Now where I will say
that value is gravitated and it's both Tampa and Sarasota
is in single family homes. Single family homes are appreciating
in Sarasota, Manatee, in Tampa Bay, some single family home

(15:42):
neighborhoods are seeing some appreciation. What ends up happening with
these stats is we're blending all the different product types.
So we're blending single family homes and condo townhomes and
condos right now are depreciating pretty considerably frankly, so the
devaluation of condos and some increase in single family homes
is blending some of those numbers a little bit. So

(16:04):
again that's why we tell you to go to Duncan
Duo dot com to know exactly what's going on in
your community and your neighborhood and your building, so you
can you can have the exact specifics even if they
don't exactly translate with these statistics other things. In the
Sarasota man Tee market, we're hovering around six and a
half months of inventory. It's been around seven or eight.
But like I mentioned with the Tampa stats, it came

(16:26):
down a little bit, but that's mostly because a lot
of homes got taken off the market because of the storms,
so that's relatively artificial. I expect that number to rise
back up a little bit. But again, Sarasota from summer
twenty twenty two one hundred and one percent one hundred
percent just to sell pressure is sho today ninety four.
So we've seen more. Even though Sarasota is appreciating, we've

(16:49):
seen more. We've seen more value increase. Despite the fact
that Sarasota is having more ability for the buyer to negotiate,
we're still appreciating in Sarasota real estate. Now again, we're
seeing fewer sales for sure, eleven hundred and sixteen sales

(17:09):
this year eleven thirty nine last December eleven thirteen, the
December before that, sixteen eighty eight, the December before that,
And this year we had one month two months excuse me,
in Sarasota Manite where we had above fifteen hundred sales.
That is, or at least in twenty twenty four we
had two months. In twenty twenty three we had three.

(17:34):
Twenty twenty two we had five or six. So again
we're seeing fewer sales in Sarasota manate as well. So
hopefully that helps you understand the stats. But if you
really want to know the stats, again Duncan Duo dot com.
Get your home value estimate, know what's going on in
your neighborhood, in your building, get a cash offer. If
you're looking for a cash offer, I want to talk
to you about that after the break. We've got an

(17:55):
incredible opportunity for people that look to sell cash that
just don't want to deal with the traditional listing process.
We've partnered with a large investment group that wants to
buy a lot of real estate here, even poststorm and
even including some flooded opportunities. So I'm going to talk
about that after a quick break here on the Duncan
Duo Show. So we're back here on the Duncan Duo
Show talking about the Tampa Bay real estate market. I'm

(18:18):
Andrew Duncan, the Dunkin Duo team at LPT Realty, here
every Sunday dropping the knowledge for you about what's going
on in Tampa Bay. Talked about the Tampa Bay and
the Sarasota real estate statistics. I want to move on
next and talk about some cash offer opportunities. If you
have a flooded home that is waterfront, Okay, and by waterfront,

(18:44):
I don't mean lake, I mean navigable with a boat,
a canal, inner coastal waterway, the ocean, the beach. We
develop a relationship with a buyer that has unlimited funds
that wants to buy a lot of those opportunities. Are
looking to sell your waterfront home, maybe it's damaged, maybe
it's distressed. We have buyers for that right now that

(19:06):
want to buy damaged homes on the water, some of
which they may tear down, some of which they may renovate.
It all depends, but they want to acquire a substantial amount.
So you can go to Duncan Duo dot com, fill
out the form when we identify that it's waterfront, or
you can call or text us at eight one three

(19:26):
three five nine eight nine nine zero. Again that's eight
one three three five nine eight nine nine zero. Call
or text, get a member of our team on the
phone and let them know that you've got a waterfront
property that was damaged and you wish to sell it,
and we'd love the opportunity to help you. We have
another fund that's buying not waterfront, but turn key. You

(19:46):
move in ready houses at ninety plus percent of retail value,
which is unheard of. So if you're someone that just
doesn't want to deal with the traditional sale process of
selling real estate, we've got some options for you and
you gain again do that at Duncanduo dot com again
as Duncan Duo dot com. You just cancel or excuse me,

(20:08):
You just fill out the form, request your value, and
it's a pretty smooth process for you to get a
cash offer. With the waterfront homes, it's a little bit different.
There's a little bit more due diligence that's needed versus
the turnkey homes. In the suburbs and that are newer
that somebody can value kind of on a desktop opportunity.

(20:28):
You know, the more complicated the property is, the harder
it is to value for some of the funds. But nonetheless,
whether it's waterfront or turnkey, we have customers that are
ready to buy those. You have the opportunity maybe even
save on some commission, save some fees and costs, and
get the convenience that you want at duncanduo dot com.
When we aren't on air, make sure that you're following

(20:49):
us on all of our shows, socials at the Dunkin Duo, Twitter, Instagram, YouTube, Facebook, TikTok,
pretty much all of them. You can find us at
the Duncan Duo anytime you want. I want to give
a couple of quick credit tips to people, and this
is something I've dealt with with some of the team

(21:11):
members I have recently, and I want to make you
guys aware that if you are thinking about buying a home,
maybe you own a home and you're going to sell
it and then you're going to buy another, but you
need a mortgage. Maybe you think you know what's going
on with your credit, you haven't looked in a while
please make sure you're checking out your credit. A lot
of apps out there. There's free credit report dot com.
There's so many places you can get a free credit

(21:33):
score and get a free report. Here's what I'm seeing.
I'm seeing sometimes people have medical bills on there that
they can dispute because they're not accurate or they're not theirs.
If you have a common name, that's something that you
can sometimes dispute that maybe it got attached to the
wrong credit profile. Secondly, you can negotiate debts if and

(21:54):
again work with your lender because how this is reported
sometimes there's pros and cons. But a lot of time,
if you owe debts to credit card providers or to anyone,
you have the ability to negotiate, especially if it's been
a while, because they realize at that point it's probably
a sunk cost and they're not getting any money, or
you're going to file bankruptcy, or they may never get paid,
so they may take pennies on the dollar. So if

(22:15):
you can pull up your credit report and you have
a few options, you can dispute things that aren't accurate,
including medical bills. Okay, they're not supposed to really hit
you the same anymore, they still do. Sometimes you can
dispute with a credit card. You can try a workout,
you can try to pay it for less than what
you owe and see if you can negotiate. There are

(22:37):
all kinds of things you can do to improve your
credit score. Also, sometimes you have one credit card and
your max in it every month, Okay, go get maybe
a couple of more, So your credit utilization is better
if you have If you have more lines of credit open,
and you prove over time that you can make that payment,

(22:58):
then it's going to, you know, show better for you.
It's going to make things look better to any creditors
that are out there thinking that you have the ability
to pay. Another thing you can do is a significant other,
a family member can add you as an authorized user
on their credit card that they're responsible for paying, and
that can help pull up your score because now you're

(23:18):
getting attached to their credit profile and their payment history.
You're using that card, but and maybe you are paying
it with that person, but it's it's pulling your score
up by kind of utilizing their a good credit score.
So this is something a lot of parents do with
kids and college aged kids. You know they'll they'll add
them as an authorized user, they'll put a spend limit

(23:41):
on it, or maybe even not even tell them that
they're added as an authorized user. That's something that I did.
Hopefully my kid's not listening, but on some of my cards,
my kid is an authorized user but does not even
know and doesn't have a card, but it pulls her
credit score up so that when she does go to
buy a home, it's going to have more trade lines
for her. So again, additional lines of credit are certainly acceptable.

(24:02):
All of those things are things you can do. You
can negotiate shorter payoffs, you can dispute things, but more
than anything, it's knowing. It's knowing and talking to a lender.
If you're really gonna buy in the next year, pull
your credit now and figure out what's going on now,
because man, I have to tell you, one of the
worst things is a real estate agent that we have

(24:23):
to deal with is somebody saying, oh, yeah, Andrew, I've
got a seven to fifty score, I got all the money,
I can buy the house, all qualified, no problem, okay,
And unfortunately a lot of times it's arrogance and overconfidence
because it's incorrect and inaccurate. I can't tell you how
many times I've dealt with the person that blows all

(24:44):
kinds of smoke about you know, how much they got
and how good their credit is, and then when push
comes to shove they get to the lender, Oh whoops,
they forgot about that payment they missed one, or oh whoops,
they have some sort of collection from years ago that's
popped up, or oh whoops, they're self employed and they
needed to do some different things with their taxes, needed
able to be able to show enough income to qualify.

(25:05):
So don't you, I promise you if you don't have
experience in mortgages recently, okay, because it changes all the time.
If you don't have experience in mortgages recently, you don't
know what you're talking about. You're not an expert because
you read something on Twitter or x or whatever it
is now, you're not an expert. Talk to an expert,
get an expert's opinion, get their advice about what they

(25:27):
can tell you to do to improve your credit again,
paying your bills on time, catching any pass due up,
keeping your credit utilization low, meaning that if you have
high utilization, more lines of credit can reduce the amount
that you're using in terms of total available credit, diversifying

(25:48):
credit types. And you also don't want to do go
crazy with new credit applications. Okay, so too many inquiries
can lower your score. It's certainly okay to inquire and
shop rates and do different things if you're not great
at making payments, and set up automatic ones, pay balances
in full when possible, and then limit closing accounts to

(26:10):
a lot of people. You'll hear I sometimes hear people
that are big fans of Dave Ramsey say, oh, you know,
cut your credit card up. Maybe cut it up, but
don't necessarily close it if you don't have the discipline
to pay the bill. Yeah, maybe don't use it, but
don't close it, because closing it then goes against you.
It reduces your available credit. And then if you do

(26:32):
keep a card or you cancel them all, then you
might not have any credit. And that's another problem that
unfortunately can happen to some consumer. So hopefully this credit
device is helpful for you, for anyone out there struggling,
anyone out there thinking about the next steps, thinking about
buying a home in the next year, those are all

(26:52):
things that can be helpful. I mentioned that the FED
that leaves interest rates unchanged for this most recent period
being mortgage rates really aren't going to change too much.
A little up here, a little down there, depending on
what's happening in the market. Some you know, different numbers
come out, a little bit of improvement or a little
bit of you know, decline, a little bit of incline.

(27:15):
It's it's you know, not changing. It's maintaining inflation over
the long term. It's keeping its federal funds rate target
at four point twenty five to four point five to
promote maximumployment. It is not changing them presently. So there
are a lot of people hoping for lower mortgage rates.
It's just not coming, and it's probably not coming this

(27:35):
year in terms of any drastic change. You know, I
have people ask all the time, Hey, are we going
to see three When are we going to see three
percent mortgage rates again? Probably not unless you go back
in time. I don't know that we'll see that again
in our lifetime. Can we get into fours and fives? Maybe?
But three percent was just so artificially low because of
COVID and because of you know, having to kind of
fuel the economy and and improve some things. I don't

(27:59):
know that we'll see that again. Do I think there
is some reprieve coming this year? Yeah, maybe later in
the year, maybe a little bit more next year. But
it's it's we're not headed towards three percent interest rates
anytime soon. So if you're thinking about waiting until it
gets there, you're probably gonna wait a long time and
and it's probably gonna cost you. So again, you're listening

(28:19):
to the Duncan Duo Show and we aren't on air.
At the Duncan Duo Twitter, Instagram, YouTube, TikTok, Duncan Duo
dot com. Or a cash offer on your property including waterfront,
uh boat access, canal, intercoastal, ocean, not lake. We have
a we have a fund, a group of not really
a fund. This is not a hedge fund. These are

(28:39):
local people, okay, these are These are people we know
that are buying up a lot of real estate and
they want to buy a lot of waterfront real estate
in Tampa Bay. So if you have waterfront real estate
in Tampa Bay, they are looking for opportunities and you
can do that again Duncinduo dot com. Again, that's Duncanduo
dot com. And if you have a turn key house.

(29:01):
We have a completely different group of investors. They're wanting
to buy turn key homes for up to ninety percent,
up to ninety percent of market value. And I want
to understand I want you guys to understand this now.
These are enormous institutional companies, some of them or or
they have access to data that you probably don't have

(29:21):
access to. It's not what you They're not going to
give you ninety percent of what you want for your house.
They're gonna give you ninety percent of what it's worth. Okay.
They're going to do the research. They're going to pop
in some data, they're going to take some pictures, they're
going to look at your house. They're going to assess
the value of your home. Okay. There are a number
of a massive number of sellers out there presently. They

(29:43):
think their home is worth more than it is because
they think theirs the best. So this is not you're
not going to call say I want five hundred, to
give me four fifty. No, we'll give you ninety percent,
you know, in the ninety percent range of what it's worth. Okay,
not what you want for it, because most sellers want
no numbers right now that are not that are just
in fantasy land. They're just not realistic. So if you're

(30:06):
realistic and you're willing to sell for ninety percent of
current market value, we've got a cash buyer that'll close quick,
that'll help you get to your next step. And again,
hit that up at Duncan Duo dot com. Are you back?
Wrapping up our last segment after a quick break around
the Duncan Duo Show. So we're back here on the
Duncan Duo real Estate Show talking about the Tampa Bay
real estate market. Andrew Duncan with the Duncan Duo team

(30:27):
at LPT Realty, and Hey, I just want you to
go on to your chat GPT or your grock, whatever
AI service you use, if you use one, if you don't,
you should figure it out and learn it. It's pretty impressive.
And ask that chat bot who the best real estate

(30:47):
team in Tampa Bay over the last twenty years has been?
Or who the highest selling real estate team over the
last twenty years in Tampa Bay has been? And it
will give you the right answer, and it's to call
us Duncan do I've traveled the country and kind of
seen firsthand, you know, redevelopments of downtown areas and what's

(31:09):
go undergoing in Tampa right now is pretty impressive because
we're starting to see some Miami Hollywood esque things. And look,
there are some people that don't love it, there are
some people that do. If you're somebody that wants that
kind of luxury lifestyle, kind of the live in a
hotel type opportunity where you know you have a concierge
for everything, there are so many great buildings downtown that

(31:32):
if you're thinking about buying one of them, we know
the options for you and we would love to help you. Again,
you can call us at eight one three three five
nine eight nine nine zero. Again it's eight one three
three five nine eight nine nine zero. We'd love to
share the pros and cons with you of all the
downtown luxury inventory in the Channel District and Water Street.
But there's one building in particular I want to talk
about today just because I think it is unique. Uh

(31:55):
and it's Aura Uh and Aura is you know, it's
it's been talked about it, it's going up for sale.
It's got kind of a Miami Beach, South Beach kind
of feel to it. Even the colors, the design, everything
is super you know, got a Miami feel to it.
At eleven oh one East Jackson Street. It's gonna have

(32:18):
roof top, affinity pool, hot tubs, DJ booth. The cool
part is it may end up with an STK Steakhouse,
which I love. I love going to STK in the
different cities I visit. But one of the neatest things
about the Aura property because we get this all the
time from people they want to buy something and rented
out Airbnb. Okay, now, so if you want to rent

(32:41):
out something Airbnb, all right, call us, we can help you. Okay.
We would love to show you how to do that
with some of the downtown opportunities, but Ora is one
of those few options. Most of the municipalities in Tampa
Bay and a lot of the HOA communities have made
it really, really challenging to do Airbnb. Like, for example,

(33:02):
if you wanted to buy real estate here and have
a have a stake in our real estate market and
you're only going to spend a few weeks a year,
a month a year, maybe even two months a year,
it's challenging. We do get people wanting to do that,
and it's hard to find something that doesn't go against
the local municipality regulations and rules and laws and or

(33:24):
the HOA well. AURA has six hundred and twenty seven
of their suites that will be sold as investment properties
and rented out and operated like traditional hotel rooms. Those
units rains range from six hundred and fifty six seven
hundred to one point twenty five million, So those suites

(33:44):
you will have an opportunity to go stay in when
you wish. Okay, you own it. I'm sure there's again,
there's probably fees associated, and there's cuts, and there's different
things you got to pay them when they rent it out,
just like if you did Airbnb, but that option tunerty
is available at Aura, a really cool downtown building. Residents

(34:06):
have their own separate lobby, private elevator, and private terraces.
Also be given membership into a members only club AURA
that is launching offers VIP access to private events. So
if you are interested in Aura, please reach out to
US eight one three three, five eighty nine to ninety
hit up dunkin duo dot com. If you're someone that's
wanting to airbnb a cool property. Now this one again,

(34:28):
it's in the Channel Side district. It doesn't. I mean, look,
if you're high enough, it has a waterview right, but
it's not. It's not like right on the water. But
it's downtown, and Downtown Tampa is surrounded by water, so
you know, it's not like going to be directly like
right on the water. Other things it's going to have
available to Again, a successive Water Street District is going
going to pull it up, there's no question about that.

(34:49):
My team had some responsibility in some of the land
acquisition that is surrounded by Aura, and there are other
plingans in Channel District. However, this one plans are out,
they've got designs out. It is headed in that direction,
and we would love the opportunity to represent you if
you're thinking about doing an Airbnb or if you're thinking
about residing in one full time. Like we mentioned, prices

(35:12):
ranging between one point six and three point five depending
on the level of the private residence you want. But
the thirty one private residences are targeted at luxury buyers
who wanted to experience luxury living in a hotel with
full amenities and the concierge full time. And then of
course the other units are really more operated like traditional
hotel rooms. So great opportunity, really cool concepts coming to

(35:36):
downtown Tampa. Downtown Tampa is taking it up another level
and it's exciting times. If you see, you know what's
happened around Water Street and the Arena and all that
is brought to Tampa Bay and that is likely going
to continue. The only downside is probably more population coming
and more traffic, but nonetheless a lot of cool things

(35:57):
happening in Tampa again. Make sure check out dunkin duo
dot com if you're thinking about selling your home, if
you want to cash offer, if you have a waterfront
home that was flooded again, duncinduo dot com. Get your
cash offer at dunkin duo dot com as well as
get your home value estimate to know everything that is
happening in the Tampa Bay real estate market in your
neighborhood at dunkin duo dot com. I'll be back next week.

(36:20):
Continue in this conversation, have an awesome rest of your weekend,
Tampa Bay