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A Letter From The President of Smith & Associates Real Estate
The greatest questions in times when there is uncertainty are “What should I expect today”, “What will tomorrow bring” and “What should I do”. You can rely on Smith & Associations to continue to serve the community as the skilled and trusted real estate advisors we have been and will remain. With that in mind, I offer you the following insights into the local effect of these unprecedented events.
Tampa Bay had a record-setting first quarter in real estate, which was the case broadly across many of the markets in the US. We are still seeing much of that success in current closings and inventory yet available. Of course we are seeing some market reaction as buyers and sellers adjust expectations and alter goals. Some choosing to wait and see, while others have made swift decisions. Each individual’s situation is unique and must be evaluated in total to find the correct path.
As many states, including Florida, have adopted new stay at home protocols, we have begun to see the effects of these actions upon the market as professionals and consumers adapt to sales and showings that can be done safely with buyers that have a need to purchase at this time. In our market, real estate activities have been labeled essential, as long as these actions conform to the current guidelines of size limits and social distancing. Together with your Smith Associate will be the best judge of the practices that are right for each situation.
Smith is adjusting strategies to accommodate for consumers limited movement through virtual showings, promoting with a more digital focus, fantastic photos and an elevated degree of electronic communication. Additionally, the closing process is being altered and advanced with safety and convenience in mind. Our administrators continue the 10-day pre-closing prep check to assure all is in order to progress smoothly onto successful completion of transactions.
Naturally, the market will slow in some price ranges and days on market will likely extend to some degree. However, buyers that have been waiting for the “right” home are venturing out for safe showings and buying homes. Of course some are testing values to see if sellers have felt any impact financially hoping to create some opportunity in price negotiation. It is early to tell, but as weeks extend to months, perhaps the trends will show some opportunity in certain ranges for properties not in top condition. Now is the time to get the home in great order so when you do come to market, the best presentation is offered.
If the home was on market prior and things have gone silent, it may not necessarily be isolated to what would be the typical considerations; price or condition, rather, the market may simply be in a pause until folks feel safe. After a period of readjustment occurs and stability returns in employment and our economy, routine behavior will reestablish and Tampa Bay will continue to be one of the best places to choose to live and enjoy life.
We at Smith & Associates, look forward to when buyers and sellers can become more fluid in their movement, but for now we have virtual, digital, and electronic solutions in action to service and support the needs of our consumers right now to accomplish the task of reaching the current goal. As time passes and we begin to see market changes, we will communicate further insights on values and trends with our team to deliver to the communities they serve as trusted real estate advisors.
May you and your family remain safe and secure and at any time we are glad to provide you with market information to assist in your decision-making process. We will continue to be your real estate resource and trusted friends in Tampa Bay.
Sincerely,
Robert Glaser
President / CEO
Find Your New Construction Home in Tampa Bay with our Digital Sales Galleries
Even in this unique time of social distancing, our real estate team has the digital tools to help you step into some of the most exciting developments coming to Tampa Bay. With new construction, a home searcher isn’t able to enjoy a physical tour but instead must be able to envision the feel of a property and make sure that it offers the comfort, amenities, and security they desire. We invest in state-of-the-art technology using virtual tours and 3-D renderings that help our clients become immersed in the space of a new construction project.
Construction of Hyde Park House along the iconic Bayshore Boulevard is underway and through our technology-based interactive virtual tour, you can ascend the 22 stories to enjoy the building at full completion. With the virtual tour, you’ll develop an understanding of the architectural vision of this elegant luxury tower that will stand tall in one of the most prized locations of South Tampa. From the comfort of your home, you’ll appreciate the spectacular, sweeping views of the Bay, experience the building’s boutique amenities, and practically take a dip in the pool enjoying the skyline from a cushioned seat in the outdoor terrace.
Another highly anticipated development coming to South Tampa, Altura Bayshore, offers a full residence virtual tour from your iPhone, tablet, or computer. The tours include four furnished residences and showcase the high-end appliances and fixtures, the breathtaking views, and the thoughtful luxury found in the spacious interiors.
To give home seekers a perspective on the nautical living enjoyed at Marina Pointe, we use 3-D Renderings to bring the waterfront community to life. The 3-D renderings detail not just the building design and luxurious residences but also the retail district of boutiques, outdoor cafes, and boat-up restaurants. With one trip to the Marina Pointe website, you’ll be able to experience the sunset from your digital living room and go for a walk along the blossoming waterfront neighborhood.
Downtown living is also easily viewed from the comfort of your home with Water Street Tampa’s advanced technology. Through an interactive scale map with projection mapping, data feeds, and gaming technology viewers are immersed in the entire community of Water Street Tampa. Inside the district will be the Residences at The Tampa EDITION which is currently under construction and will be the centerpiece of the growing Water Street Tampa community. With the Water Street Tampa virtual experience, you’ll get a feel for what homeowners can expect in a Downtown Tampa home and the Residences at The Tampa EDITION will offer unparalleled luxury and world-class listings.
Bob Glaser, President & CEO of Smith & Associates, says that our technology-based tools ensure that our customers from all across the world can get the same great experience viewing new construction condominiums without physically being in town. Use our state-of-the-art virtual tools to familiarize yourself with the developments on the horizon and view multiple properties that will be move-in ready soon. Our New Construction sales executives are fully equipped to provide tours and live chats via popular tools like Google Hangouts and Zoom. This brings back the personal experience and elevated service that we have in our sales galleries while utilizing the virtual tools that bring developments to life. Let us know how we can assist you in finding a home that you love.
Find a Smith agent today, click here.
Hyde Park House Virtual Tour
COVID-19 Update: Mortgage Lending in Tampa Bay Frequently Asked Questions
With governments instituting tighter shelter in place restrictions and businesses shifting to the work-at-home model during the COVID-19 crisis, we want you to know that we are working closely with all our partners to be able to meet your real estate needs as efficiently as possible.
While our current situation is unique, we know that securing a low-interest rate is an important step in making an informed decision before purchasing a new home, and our team can guide you with personalized mortgage solutions. Our Mortgage lender, VanDyk Mortgage, is still generating individualized loan programs and has updated us on the market situation answering frequently asked questions regarding lending in Tampa Bay:
What is going on with appraisals?
While some appraisers are rejecting assignments, the majority are moving forward. Fannie Mae is accepting drive-by or desktop appraisal when we are unable to obtain a traditional appraisal. Many companies are working with skeleton crews during these difficult times so please allow for additional time to close as the appraisal process may take longer.
What happens if I lose my job before closing?
You need to be employed at the time of closing IF the income from the borrower who lost their job is needed to qualify for the loan. Without the income, the loan will not close or fund. If the income from the recently unemployed borrower is NOT needed for the loan, then the loan will close as planned.
Are you still able to verify employment?
All lenders will do a re-verification of employment at a minimum of 10 days prior to closing. With the current situation, we may not be able to use traditional methods to verify employment and will rely on alternative methods. These alternative verifications will be accepted and we do not expect any delays in the process if employment has remained.
What happens if I am on temporary leave?
If there is a leave of absence with one of the borrowers, and the borrower intends to return to work prior to the first payment due date, we may use their income to qualify. Many employees have been furloughed depending on their industry. Some of these situations, we can work with and still move forward with securing a loan.
Interest rates are low and real estate transactions are happening every day. You may have more questions and need more guidance during this unique time, but we are here to help. While COVID-19 has effected our markets globally, we have been in business for fifty years and have seen our share of market ups and downs. As always, it is our commitment to provide a seamless home buying or selling experience and we are able to do that while keeping our community’s safety a priority. Connect with a Smith agent today, click here.
Real Estate Update From CEO of Smith & Associates Real Estate, Bob Glaser
Please watch as CEO of Smith & Associates Real Estate, Bob Glaser, discusses the Real Estate Market as it relates to COVID-19.
A Note From the CEO Regarding Real Estate & COVID-19 (Coronavirus)
Smith & Associates Real Estate has been an integral part of the Tampa Bay community for over 50 years. We have provided strategic real estate services through market booms and busts and will continue to provide you with relevant real-time real estate market information.
We are experiencing an unprecedented event in modern history, a global pandemic, COVID-19. While we cannot predict exactly how the virus will spread or the markets will respond, we can promise that our agents with years of experience, will continue their timeless commitment to provide timely facts and analysis on our local market. Because we are in constant communications with our global partners we expect that the United States and Florida will soon be subjected to much more restrictive social distancing regulations.
However, now is definitely not the time to panic. The real estate market is far less emotional than the financial markets. Everyone needs someplace to live, and Florida is still an extremely attractive place to live, work and play.
Many people who are considering buying now may be swayed by other benefits of homeownership: control and certainty. Real estate offers people stable monthly payments and a home that makes them feel safe, comfortable, and happy. Further, inventory is still tight in Tampa Bay and historically low-interest rates mean a buyer can secure best value. People will continue to invest money into tangible assets. Throughout the next few weeks, we will continue to provide timely real estate updates.
We understand the safety of our agents and clients is a top priority. Technology allows us to take a virtual tour of a listing and provide online concierge service with a real estate expert. To assist sellers and buyers, we have secured the best virtual experiences on our listings and providing individual showings on request. Our agents will remain available, providing online and video consultations, live streaming property tours, and sharing updates on social media. We continue to monitor and adhere to the guidelines set forth by our local, state and national governments, as well as leading real estate industry associations.
It has been an honor to live and work in Tampa Bay for my entire adult life. I know how strong, supportive, and resilient we are as a community. I am as confident in Tampa Bay’s real estate market as it was two weeks ago before we fully understood the seriousness of COVID-19.
While events that bring us together have shut down, all 285 of our agents are just a phone call away and are equipped to offer sound advice and assurances.
Sincerely,
Robert Glaser
President / CEO
South Tampa’s Marina Pointe Breaks Ground
The excitement was contagious as business leaders, elected officials, and future Marina Pointe homeowners gathered to celebrate the groundbreaking of Marina Pointe. Speaking at the event was Tampa Mayor Jane Castor, BTI Partners CEO Noah Breakstone, and Smith & Associates Real Estate President and CEO Bob Glaser who all echoed the shared sentiment that the Westshore Marina District, and its crown jewel of Martina Pointe, will be a game-changing neighborhood that will redefine South Tampa.
Marina Pointe introduces a new contemporary waterfront condominium and townhome lifestyle with breathtaking views, resort-style amenities, and unabashed luxury Overlooking a protected, deepwater yacht basin, Marina Pointe condominium residents will be able to indulge in an impressive array of private amenities or walk to shops, dine at marina-front restaurants, and boat onto open bay waters. More than fifty homes in Marina Pointe have already been reserved and several future homeowners who attended the groundbreaking said that the lure of the boating lifestyle so close to South Tampa is what they are most excited about.
With a state-of-the-art marina, a retail center that will include the Cru Cellars wine bar and shop, Duckweed Urban Market boutique grocery, DRNK Coffee Shop + QWENCH Juice Bar, Crave Spa, Salon Color Bar, and Sand Surf Co., among others and a boat-up dining destination, Paloma, the condominiums and townhomes will be a short stroll away from the waterfront promenade. The Westshore Marina District will also offer walking trails and parks along the waterfront that will connect with the marina.
The first residential tower of Marina Point is expected to take two years to complete and the retail center will open in the first quarter of 2021.
To learn more about Marina Pointe’s one-of-a-kind luxury condominiums and the all-new marina’s amenities and services, explore the website at MarinaPointe.com, call 813-930-9800, or visit the sales gallery at 4900 Bridge St, Tampa, FL 33609.
See more photos from the Marina Pointe Groundbreaking Ceremony, here.
South Tampa Home With Exceptional Value For Sale
What do you look for in your dream home? Is it a sparkling pool ready to refresh you on a blistering summer day? Is it a great outdoor space to entertain guests and host evening get togethers with friends? Or maybe it’s a spacious interior so every family member can relax in their own way. We have news for you… This Sunset Park home has all those qualities and so much more.
“It is so rare to find even 1 or 2 of these unique features in 1 property, let alone all of them under one roof!” says Grant Patterson, listing agent.
Built in 2004, this estate located at 4617 W Leona Street, is the best luxury deal in South Tampa. The home features 6 bedrooms, 6 full bathrooms, 1 half bath, and 5,274 square feet of living space. Talk a step into the spacious “main” section of the home, and you’ll be greeted by the four oversized bedrooms, expansive modern kitchen with center working island, great room, dining room, and den. Head to the attached in-law/nanny suite, and you’ll see the suite’s full kitchenette, bathroom, bedroom, and den, along with an extra laundry hookup. The in-law/nanny suite also has its own entrance from the exterior.
Just when you thought the home had it all, its three-car garage and additional grand retreat for enjoying movies and hosting guests will sweep you off your feet. Not to mention it’s located near Mabry Elementary School, Coleman Middle School, and Plant High School.
“I am always so amazed by the incredible space the home has.” says listing agent Sterling Remer. From the front, it may look like an ordinary home, but the interior is a spacious wonderland awaiting a family to make everlasting memories within its enchanting walls.
Listed at $1,273,000, approximately $300,000 less in price than anything else of similar size, come take a tour of this South Tampa home with multiple generational living spaces and see for yourself why it is the best deal in Tampa Bay.
Click here for more details on this exclusive luxury home.
Listed by:
Sterling Remer & Grant Patterson, REALTORS®
813.841.0325 | [email protected] | View Agent Website
Photos of 4617 W Leona Street, listed by Sterling Remer & Grant Patterson, REALTORS®
Is Your Home Prepared For a Coronavirus Outbreak in Your Community?
Coronavirus is a large family of viruses causing illnesses ranging from the common cold to severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). The respiratory disease it causes has been named “coronavirus disease 2019” (abbreviated “COVID-19”), according to cdc.gov and who.int.
As coronavirus has made its path into the United States, it is important to be prepared should there be a coronavirus outbreak in your community.
Here are some tips to best prepare your home for a coronavirus outbreak:
- Create a plan of action. Determine who is in your plan of action and discuss the needs of each individual should there be an outbreak in your community.
- According to cdc.gov, data shows that older adults and persons who have underlying chronic medical conditions may be at a greater risk for more serious complications and at risk for serious COVID-19 illness. Make sure your plan includes care for elderly family members.
- Talk to your neighbors and discuss your plan of action should there be an emergency. You may also want to make frequent check-ins to your neighborhood’s website or social media page to get quick updates or current information happening in your community.
- Make a list of aid services in your community. This could mean health care services, support, and resources such as food or supplies. Make the list known and available to your household so every member knows where to go if in need.
- Many have this established already, but create an emergency contact list. This should include a list of family, friends, neighbors, carpool drivers, health care providers, teachers, employers, the local public health department, and other community resources that could be easily reached should there be an emergency in your household.
- Practice good hygiene. Avoid people who are sick, and if you are sick, stay home and away from the public unless you are seeking medical care. Cover your mouth and nose with a tissue when coughing or sneezing. Wash hands for at least 20 seconds and use a hand sanitizer that contains 60% alcohol. Clean surfaces frequently with detergent and water, then disinfectant.
- Designate a room for sick family members to keep them from contaminating those in your family who are healthy.
- Have a plan of action if your child’s school or childcare facility closes.
While there is still much to learn about COVID-19, it is important that you take precautions and plan for the worse if there were to be an outbreak in your community. Visit cdc.gov/COVID19 for the latest information and resources regarding coronavirus.
Interested in speaking with a neighborhood expert? Contact a Smith agent today! Click Here.
20 Luxury Master Baths to Make Your Jaw Drop
The epitome of luxury is found in a home with a luxury master bath. A luxury master bath can be a respite from the demands of life and offers a secluded alcove of peace. With gorgeous detail and style, these luxury master baths are more than a powder room. The luxury master baths are rich with luxurious details and built with a magnificence and scale that are the pinnacle of luxury. The most eye-catching luxury master baths are bigger than many small apartments and can cost just as much! In the most beautiful luxury master baths, you’ll find large, luxurious tubs set up in private alcoves, walk-in showers, ambient lighting, windows with spectacular views, dressing rooms, custom cabinetry, and smart home features for enjoying music, watching videos or customizing water pressure and steam levels. Here are 20 luxury master baths that will make your jaw drop:
1. 12321 Fort King Highway | Thonotosassa
The Oaks, a magnificent sprawling country estate situated on Lake Thonotosassa, is one of Florida’s most significant homes to be built within the last century. The French-Normandy style gated manor includes 8 bedrooms, 12 full bathrooms, and 14 half baths for 36,361 SF of air-conditioned space and 42,782 SF under roof.
2. 901 Rafael Boulevard NE | St. Petersburg
Welcome to this fabulous Mid-Century modern inspired home nestled on a 0.36-acre resort-like property with peek-a-boo views of the Snell Isle marina. This beautiful home has been completely renovated from top to bottom and professionally designed by one of Tampa Bays premier award-winning designers.
3. 415 S Royal Palm Way | Tampa
Customized to perfection, the elegance and grandeur of this Beach Park estate combines superior craftsmanship that reflects impeccable taste and sophisticated architectural details. Timeless in appearance this 2009 gated residence is situated on almost of an acre.
4. 837 Harbor Island | Clearwater
Designed to maximize its prime location, this modern home is a work of art that will take your breath away the moment you enter the home. With every detail and the sophisticated use of glass, stone, quartz and woodwork together to create a modern warm redefined waterfront residence including tranquility and relaxation throughout!
5. 1936 Coffee Pot Boulevard NE | St. Petersburg
Stunning, Brand New luxury waterfront home with a water lot, recently completed by Devonshire Custom Homes, one of Tampa Bay areas finest builders! Two-story, concrete block construction with lavish finishes inside & out. Situated on a beautiful lot in desirable Old Northeast with fabulous views of Coffee Pot Bayou.
6. 7742 Still Lakes Drive | Odessa
Fall in love with this unbelievable estate, perfect for the buyer who wants character and elegance in every room and desires a peaceful, private setting to call home. Situated on a private lot in guard-gated Stillwater, and surrounded by perfectly landscaped grounds, this home has unmatched curb appeal.
7. 1616 Culbreath Isles Drive | Tampa
Located in the gated and guarded enclave of Culbreath Isles, this stunning 12 room waterfront beauty combines the best of old-world style with outstanding quality, design, and craftsmanship on an oversized sought after private corner lot that is magnificently landscaped for total privacy and beauty.
Rare opportunity to live on White Trout Lake, the most desirable lake in Tampa. This 2-story home is tucked away behind a gated entrance and offers privacy, peace & recreational opportunities galore.
This spectacular three-story showplace with an elevator is set on the Grand Canal of Culbreath Isles, three houses from the open bay with sunsets galore 365 days a year.
10. 529 E County Line Road | Lutz
Mediterranean splendor awaits you as you enter through the wrought-iron gates of this exquisite lakefront estate. Enjoy the privacy of the grounds island-like atmosphere as you travel down a secluded, old-growth oak lane that leads to the villa and a separate guest residence.
11. 446 16th Avenue NE | St. Petersburg
This beautiful colonial home is located on one of the loveliest streets in Historic Old Northeast. Built in 1935 it is reminiscent of days gone by, but with all the modern conveniences. A truly gracious Estate which captures the elegance of an antebellum plantation.
12. 2426 W Sunset Drive | Tampa
Rare opportunity to own almost a half acre estate in South Tampa! Historic, yet completely renovated in 2013 by Cooper Johnson Smith. From the entry you can see the gorgeous hardwood floors and moldings throughout this New Suburb Beautiful home.
13. 998 Lake Placido Court NE | St. Petersburg
Single-story estate with sweeping lake views in St. Petes premiere gated community, Placido Bayou. A grand residence constructed by Rutenberg Homes. The heavenly master bath is the ultimate place to restore given the flush-entry shower & rejuvenating infra-red sauna.
14. 4929 New Providence Avenue | Tampa
Your waterfront dream home awaits. This majestic home sits on 163 feet of deepwater frontage and 100 feet to open bay with a dock and lift large enough to accommodate a 50ft yacht. You immediately note the meticulous craftsmanship and design integrity creating warmth within this stunning Culbreath Isles home.
This stunning one-story home feels like it came right out of the pages of Architectural Digest. The complete remodel and addition by renowned architectural designer Thomas Everett Lamb showcases a contemporary and open floorplan.
16. 520 Bay Laurel Court NE | St. Petersburg
Nestled in one of only a few gated communities in St Petersburg, this Placido Bayou waterfront elegant home is located on a Cul-De-Sac, and surrounded by luscious tropical landscaping. You’ll fall in love with its many features.
17. 13704 Plainview Road | Odessa
Lakefront lifestyle on the beautiful ski sized Lake Osceola! This gorgeous home’s master suite has a large sitting area with open water views, French doors to lanai and gas fireplace. The two walk-in closets lead into the spa-like master bath with stand-alone tub, separate shower, water closet/bidet and double vanities.
18. 400 Beach Drive NE #504 | St. Petersburg
This beautiful 5th-floor residence offers expansive views of sparkling Tampa Bay while easily enjoying the sights and sounds of a lively and active Downtown St. Petersburg waterfront. The large Master Suite has sliding glass doors that lead to the lovely front Balcony complete with gorgeous morning sunrises or an inviting spot to enjoy an evening cocktail under a moonlit sky.
19. 3820 W El Prado Boulevard | Tampa
This amazing David Weekly home is located on a large corner lot with side entry driveway access from Church St. The relaxing wrap-around front porch sets the tone for this home. The upstairs has alot to offer including the master suite with coffered ceilings and crown molding, a gorgeous en-suite bath with granite, dual sink vanity and a large walk-in closet with a custom closet system.
20. 11207 Sunny Delight Court | Odessa
Within the gates of the spectacular community of Steeplechase, sits a higher quality of living for the lifestyle you deserve. Sprawling, Mediterranean symmetrical facades resting on 2.33 acres of conservation and water views, this estate offers privacy and tranquility. The master bath with granite, a center island custom Jacuzzi, walk around shower dressed with dual rainmaker showerheads will surely impress you, or if preferred, there is also an outdoor shower and pool bath!
Contact a Smith agent to find the modern, luxury home of your dreams, here.
For ideas on how to turn your master bath into the personal home spa of your dreams, click here.
