Duncan Duo 3-23-25

Episode Transcript

Speaker 1 (00:00):
Happy Sunday at Tampa Bay. We're with you for another
week here like we are every Sunday at ten talking
about the Tampa Bay real estate market. Andrew Duncan with
the Duncan Duo team at LPT Realty always here to
give you the updates on everything going on in our
real estate market. So that you stay up to date.

(00:20):
When we aren't on air, make sure to follow us
on all of our socials. We are at the Duncan Duo. Twitter, Instagram, YouTube, TikTok, Facebook,
you name it. We are there at the Duncan Duo
and would love to have a follow from you and
keep you updated on what's going on. If you want
to attend our annual appreciation event, it is April twelfth

(00:41):
from two to five pm at AMII Arena and I
have some really cool experiences for our clients. We give
away a lot of signed lightning merchandise, some free shirts
and hats, very kid friendly. Our clients, agents, we've worked with,
and partners all get to skate on the Amili Arena
ice and just have a cool fun afternoon on us.

(01:05):
It's our way of showing love to all of you
for being you know, fans, of ours as well as
clients of ours. So if you're listening to this, you're
invited Duncan Duo Party dot com again, that is Duncan
Duoparty dot com April twelfth, from two to five. You
do have to go onto the website to get your

(01:26):
free tickets and then leading up to the event you'll
end up getting a waiver. Every single person that attends
the event will have to sign a skating waiver, which
is basically, you know, allowing you the opportunity to go
onto the ice. And the cool part is is we
actually get to have our event after the lightning practice
that day, so so that part is kind of cool.

(01:47):
We're gonna be stepping onto the ice right after our
favorite Bolts players get off in terms of their preparation
into year playoffs, all that stuff going on. So again,
can do a Party dot Com would love the opportunity
to see you there. Some updates on our local real
estate market. Starting to see some inventory creeping up, which

(02:09):
are some encouraging signs. So we're we're you know, the
January February statistics didn't really show a lot of dramatic
improvement in our market. We're starting to see some stabilization
you had in our market specifically. And I want to
preface this because people will sometimes take what I say
on the radio or on social media and then say

(02:32):
something about real estate in New York or California or
New Mexico or Texas or somewhere else in the country.
I'm talking about the Tampa Bay real estate market. Okay,
We're not the stock market. Okay. The real estate market
is hyper local. Things that happen locally have just as
much of an impact as the things that happen nationally.

(02:53):
So of course, interest rates, what's going on with the economy,
President Trump's policies, all of those things have an impact
on real estate across the board. But when I'm talking
about our market, UH, there's a lot of local factors
that are contributing to the UH, to the opinions, as
well as the advice and updates that I'm providing in

(03:15):
one of those things. It's no secret last year we
got hit with a couple of really bad hurricanes, one
that flooded a lot of areas and then one you know,
from from ocean seawater, and one that flooded from rain,
and then of course a lot of wind damage as well,
record breaking storms, both of them, so it really throttled

(03:37):
our real estate market for a few months because people
naturally were afraid of moving here, they were afraid of transacting,
and then of course a lot of a lot of
customers were you know, handcuffed. Uh they're in a home,
they're waiting on insurance, or they didn't have insurance, or
now they're in the you know, they're they're in the
red on their home and they're they don't have enough money.

(03:59):
So it really has caused a lot of chaos for people.
The last six months, we're starting to work through some
of that, so we're starting to see more of a
stabilization and that some buyers coming back to the market,
some relocation people coming back. Some of those storm homes
have been renovated, some of them are going through that process,
some of them are getting torn down, some of them

(04:20):
are having you know, new you know, multi level homes
put in their place that are elevated off the ground.
So a lot of that has occurred in is progressing,
which helps our market kind of get back on track
right in time for our spring market. Now we're hoping,
certainly hoping and praying that we don't have another hurricane
season as active as a last hurricane season, and you know,

(04:44):
you know, fortunately unfortunately, however you want to perceive that
it obviously lowered prices a little bit, it slowed down
the market, and we're starting to see some of that
work itself out. So now that that has started to
work out, we're starting to see inventory rise. It's been
one of the obstacles that home buyers have said kept

(05:04):
them out of the market. In addition to interst rates, insurance,
property taxes, all of those things contributed to our real
estate market thawing in addition to the hurricanes. Of course,
so buyers that could qualify that were willing to accept

(05:25):
the rate to maybe refinance later, or that could afford
the insurance and taxes, some of them jumped to the
sidelines because they felt like there wasn't enough a writing,
enough product out there. We know that we've been in
an under production construction environment since the Great Recession. The
builders have never never caught up and started building at
the same pace they were then because they're afraid of

(05:47):
getting burned. So they've been much more conservative in their
construction efforts. As you know, they don't want to get
bit by that even though the demand is there for
more inventory. So as inventory is creeped up a little bit,
buyers are starting to come back. They see more options,
they know that they have a little bit better negotiating power.

(06:09):
They're not stuck with one home. Maybe there's a couple
different choices that they have. So overall, slight uptick in
inventory is looking like a positive thing right now. Again,
an uptick, not a massive increase, not a tripling of
inventory or anything crazy. We're not certainly looking anything like
the Great Recession. We don't have the distressed inventory. There's

(06:30):
a lot of cash out there, and most people are
in strong equity positions, with the exception of people have
bought the last couple of years. So that being said,
what does that increased inventory do well. People, unfortunately or
fortunately sometimes don't just look at the financials of buying
a home. You might think that they do, just like

(06:51):
you might think that you married your spouse because their
resume or because of how they responded to some mess
on an online dating forum or website. But the reality
is there's a spark that happens with a home, similar
to the spark that happens when you meet your significant other.

(07:11):
It isn't just about math or data or numbers or money.
Sometimes it's falling in love. Sometimes it's seeing something and
just you can't unsee it and you want to live there. Well,
when more inventory comes on, that experience gets created for
more people. So certainly there are consumers out there that
are very financially motivated, but there are plenty of them
that just weren't seeing enough. It's kind of like, you know,

(07:34):
if you've ever been single, and I'm not, but when
you've been single and you might go out and look
at the online dating websites and you're like, man, there's
nobody good out here, and then you just kind of
give up. Well, the same thing was happening with home buyers.
Because inventory was low and it was unaffordable and rates
were higher. You had this experience where buyers would say, man,

(07:57):
there's just nothing good out here. I'm just going to
keep renting, or I'm just gonna stay where I'm at,
or I'm not gonna move. So more inventory has created
that opportunity for more buyers to be emotionally impacted and
excited about buying at the same time as rates have
softened some Okay, so we've seen you know, a drop
in you know, we're probably at a low point for

(08:19):
interest rates in the last year or two. So that
has fueled a recovery from from people. That's brought some
buyers back. And then in addition to that, half the
country is optimistic about President Trump and his policies and
that's motivating them. Prior to his inauguration, there was a
lot of fear based stuff going on. You're you're you

(08:41):
were afraid if you were you know, someone on the left.
You were afraid of what was going to happen. Uh,
if Trump hadn't been inaugurated, you were afraid it was
gonna happen before then, or what what if he didn't
get in or you know, the whole election cycle and
kind of the you know, lame duck president situation we
had with Biden basically opting out. You had a lot
of fear that was causing people to sit in their tracks.

(09:03):
So those things are all contributing to what I think
will be a much better you know, second, third, and
fourth quarter for our real estate market this year compared
to last year. So if you look at the National
Association Realtor statistics, you see inventory climbed. You see home
sales are up month over month. You see single family

(09:28):
home construction is rising. We're not catching up in some
of those data features because of the hurricanes from last year,
but I think as the year goes on, you'll see
more of that. And there's still a lot of affordability
issues in our market. There's no question that that we

(09:48):
have some challenges with affordability. Rates has softened, which has
softened the blow. Inventory has risen, which has given more
people an opportunity to quote unquote fall in love, and
and the affordability people. Again, there's enough people that are
optimistic now about the future, whereas a year leading up

(10:09):
to the election, pretty much everyone was afraid. Now there's
more people optimistic about the future. We have certainty, we
know the direction the country is going in terms of
the economic policies. There are you know, commitments and promises
that Trump made that he's following through on. So whether
you like them or don't like them, I love them.
You know you're there are people that are motivated one

(10:31):
way or another by that. Whereas the kind of the
period before it was just kind of stagnation. No one
who's really motivated or excited to act. Now, there's a
portion of the public. That is the other thing that
I'll mention before we jump to break that I think impacts,
you know, positively, are things that are being discussed that
could impact positively affordability. Governor DeSantis not long ago tweeting

(10:55):
about the possible abolishment of property taxes. Who knows whether
that get anywhere. But if we see some massive relief
with property taxes, that can soften the blow from so
many consumers feeling gutted by homeowners and flood insurance costs
rising so dramatically. The property taxes go away, or they
get reduced, or they go away for certain owners, certain prices,

(11:17):
something along those lines. Some relief there in addition to
you know, a kind of a stabilizing of the market,
a little bit more inventory and slightly little rates. Again,
all of those things point to a much more positive
real estate market this year. But there's one wild card
in the whole equation that could throw our real estate

(11:37):
market for a loop, set us back, and cause more problems.
And I'm going to talk about what the one drawback
is and how you can prepare for it, and what
you need to be doing right now. If you're a
buyer or seller or a property owner coming up in
the next several months, something you need to do right now,

(11:59):
we're going to talk so back here on the show,
talking about the Tampa Bay real estate market. I tease
this just before the break. I think we're going to
have a much better real estate market this year than
we had last year. But what could be the thing
that throws a wrench in it? What can you do
to prepare for it? Well, there's really two things, Okay.
The first one is something you have control over. The

(12:20):
second one is one you don't. The one that you
have control over is preparation for hurricane season. Now, if
we have a rough hurricane season and we have more
massive flooding, of course it will set our real estate
market back. If we don't, I feel like we're going
to have an incredibly good second half of the year.

(12:41):
So paying attention to obviously what happens there, hoping and
praying that we have a light hurricane season, that we
don't have massive floods, that we don't have massive wind damage. Now,
how can you prepare for that? Get flood insurance. Check
up on your insurance, make sure you've got a good
carrier flood insurance, whether you're required to, which I think

(13:04):
is just a horrible way of saying your lender wants
you to get flood insurance, you know, because the reality is,
in my opinion, everybody in Tampa should have flood insurance.
I don't know. Your lender has absolutely no clue, nor
does FEMA, nor does the federal government. They have a zero.
They're throwing darts at dartboard to determine who needs to

(13:28):
get flood insurance. It is a joke. It is laughable,
how much of a joke it is. So if you've
been told that you're a quote unquote not required, don't
listen to those people because they're idiots. Okay, get flood insurance.
The reason you need it is because so much of
the flood damage from both of our storms happened to
people that didn't have flood insurance, that weren't in flood zones,
that weren't below elevation levels. Okay, rains overflowing ponds, rivers

(13:55):
overflowing you know. Again, you could be far away from
the water and still enough how having flood damage to
your home from how torrential the downpour was. With one
of the storms, and of course the flooding that happens
from a five to seven foot storm surge can get
into areas that are not required to have flood insurance
per mortgage lenders. So stop listening to your lenders. Okay, there,

(14:19):
your lenders don't They have no idea what they're doing.
They don't really care about you. What they care about
is protecting. They care about their cya, what they can
get reinsurance for and what the government will give them
back should we have massive catastrophes. Okay, they're not caring
about you by telling you don't have to have flood insurance.
You should get flood insurance. In my opinion, everybody should

(14:39):
get it. You should have to have it. But they
make amends and they know it causes affordability issues. So
you know, there's a lot of our people that are told, oh,
you don't have to have it, and then they get
financially gutted by listening to the man about flood insurance.
So get flood insurance. Spend the next few months, price
it out, quote it out, have a plan, get your sand,

(15:00):
get your plywood. Do you know how many people are
so far behind you? How much time you probably sit
around on the weekend where you could go and knock
all this stuff out and be prepared for when storm
season comes. But guess what, You're probably gonna wait unti
last minute, like everybody else, and then towards the end,
right when hurricane season hits, guess what you're gonna be doing.
You're gonna be running around like a bunch of other
idiots trying to get sandbags and plywood and storm shutters,

(15:25):
and you're not gonna be able to find any and
you're not gonna do it right, and you're gonna slop
it together. Spend the time, now, take a weekend, prepare yourself.
You can protect your property, you can present you can
prevent damage. You can get your flood insurance. Now, again,
that is something you can be prepared for. The other
part of the caveat of what could happen to cause
our real estate market to tumble. Things we can't control,
things like you know, economic events or war, you know,

(15:48):
some sort of massive economic downturn. We've obviously been in
an up and down stock market, which was very much
expected in the first several months of Trump's terms because
of his promises on tariffs and other things. So we
We've obviously got a little bit of rockiness going on
in the stock market, but you know, war or major

(16:09):
economic downturns are things that could derail our real estate market.
But right now things are looking up very positively. We've
seen inflation get controlled a little bit, We've seen some
of these costs come down. We've seen an overall approach
in our state of trying to cut costs for consumers,
even from the property tax standpoint. You know, whether that

(16:31):
ends up happening or not, just the fact that it's
on the table tells you that they're looking to try
and address affordability. Any progress on a lot of those
things really sparks our real estate market. Imagine consumers. You know,
let's just say the average and I'm not sure what
the average is, but just knowing the average prices in
Tampa are around four hundred, and the average millage rate

(16:53):
is around point two to point two five, and we
know people have exemptions. Let's just assume an average property
tax bill of seven hundred dollars or excuse me, seven
thousand dollars, which I think is probably relatively accurate, you know,
a little bit over a little bit. But even if
we just assume that number, and look, that number may
be low in some parts of town. Look you go

(17:14):
into South Tampa, that's a low number. Okay, you go
to the beaches, you go to a higher end areas,
that's a low number. But let's just assume that number.
That's six hundred dollars a month of your mortgage payment
or that you have to budget for at the end
of the year to stroke a check to pay your
property taxes. In most people's you know, financial scenarios. You
hear the crying about insurance. The only people that are

(17:37):
paying that much insurance have very expensive homes. Okay, so
the average consumer is spending way more on property taxes
than they are on insurance. But you hear a lot
of crying about the cost of insurance. If property taxes
goes goes away in Florida, we see a massive surge
for sure. You know, even if it drops dramatically, or

(17:59):
certain homeowners can qualify out and it's a large portion
of the population, even if they make it only homestead
or only below a certain property amount, whatever that does,
whatever happens there, those are things that could dramatically fuel
our real estate market. So there's a lot of good
out there. There is still some risk, but I'm optimistic
about where things are heading, and my team has been

(18:20):
on fire. We're getting calls left and right from home
sellers that were unhappy with their amateur hour, part time
agent that they hired last year, that didn't get it done,
that are motivated, that are looking for the best, that
look at our reviews, that do their research, that know
that we're a twenty year proven track record of success
for real estate sales in Tampa. And if that's you,
if you want the best, go to Dunkin Duo dot com.

(18:41):
If you want your home sold fast and for top dollar,
you want to cash offer, any of the options are
on the table. We can help you with all of it.
Just go to Duncan Duo dot com, fill out a
quick form, someone from our team will reach out and
you'll continue to get an automated valuation of your home
every two weeks. So again, that's duncanduo dot com and
read be back after a quick break here on WFLA News.

(19:01):
So we're back here on the Duncan Duo Show talking
about the Tampa Bay real estate market. Andrew Duncan with
the Duncan duo team at LPT Realty. If you're a
real estate agent, or you're somebody that sold home with
my team, or you're simply somebody it's a fan and
listens to us right here on the radio. You are
invited to our appreciation night. It's actually not really night

(19:22):
two to five pm. I mean, I guess some people
might think of four or five pm at night. I mean,
I know my mom likes to go to dinner about
four o'clock, like most elderly people. So maybe that is
at night for you, and that's just great. Two to
five pm, April twelfth, Duncan Duo Party dot com. Give
your free tickets, bring your family out, enjoy an afternoon
on us. We'll have food, fun games, tarot card readers,

(19:45):
face painters, giveaways, signed lighting, merchandise, and skating on the
Emili Arena ice. It's our way of showing appreciation for
all the times that our business has been blessed by
Tampa Bay over the last twenty years. So we hope
to see you there again. You can do that at
Duncan Duo Party dot com and AID real estate Agents.
You are welcome too. Okay, whether you've done a deal

(20:07):
with us or not. Okay, you're for your real estate agent,
you're invited. We'd love to have you there. So I
want to talk about regulations in the new construction field
and how a speech recently by Scott Turner, who's the
HUDs secretary, is attempting to attack cumbersome regulations. Now, I
teased this earlier in the show, where our new construction

(20:30):
creation in this country has never caught up with the
pace that it that was being built prior to the
Great Recession. All the major builders took a bath, they
all got crushed financially, and since then they have lagged
in creating more inventory. Okay, now a lot of them

(20:51):
say they would create more inventory. However, the last twenty
years it's gotten much more cumbersome to build homes. Well,
Scott Turners focused on clearing a path or the construct
for new construction and more affordable new construction. So this
could also hugely positively impact our real estate market because,

(21:12):
as I said before, buyers today gravitate towards new construction.
More people want new construction than can be created. That's
just the reality of it. There are people out there
that end up buying new construction that didn't even desire
new construction. Okay, the demand is there, they just can't
create enough product. And a lot of the builders are

(21:34):
saying that the reason they can't isn't because they don't
want to take the risk. It isn't anything to do
with a great recession. It isn't anything to do with
their fear of overproducing and then getting stuck holding the
bag like they did during a great recession. But it's
it is regulation based. So over the next four years,
if we see HUD and any of the regulatory agencies

(21:57):
really relax standards, you could see a boom in new
construction and creation new construction, which also would strongly fuel
sales and our real estate market. That's just those are
the products that consumers want today. There they're more affordable
from a tax and insurance standpoint, they can have smart
home features, they're turnkey, someone hasn't lived in them. People

(22:19):
are willing to pay a premium for new construction. And
there's also at the same time that this happens. The
reason it could have a massive positive impact on our
market is because we did just get hit by two
really bad hurricanes and there's a movement to the suburbs
and that's where the majority of the new construction is.
There's a movement outside of the city and saying, hey,

(22:41):
why don't I go somewhere more affordable and where I
don't have to deal with the flooding. I still love
Tampa Bay. I can drive thirty minutes to a hockey game,
you know. I can drive, you know, thirty minutes to work.
I can drive, you know, thirty minutes, forty minutes an
hour to go to a restaurant I want to go to,
but I don't want to pay all that money and
I want a nice or newer, bigger house. So there
are people making that trade off every day and builders

(23:03):
being held back. So hopefully some of these regulations, if
they are, if there is a relief on that, we
will we will also see a really strong positive impact
in our real estate market. Now that might not be
the same thing everywhere else, but that's there is no
question that we will see that in our market. So

(23:26):
I want to touch on something real quick that I
ran into this week that I felt like would be
important for our audience to know, especially so many of
our listeners that live in or around Water or you know,
Panellis County Hillsborough County and specifically speaking about Panellis County
because it had more of an impact with the storms.
But I ran into an issue this week with a

(23:47):
real estate agent who, unfortunately in this business, you know,
it happened a lot where real estate agents really don't
know what they're talking about, and they don't stay up
to date on what's going on. They don't stay up
to date on the new things that the counties are
doing or some of the post storm things that happened.
So every single property in Penellis County, Okay, every single

(24:10):
property has a femal letter. Okay, what a femal letter is.
This is not you know, this is not somebody telling
FEMA that the house got flooded. Okay, this isn't somebody rat.
This isn't your neighbor saying, oh, you know, we're telling
the county that your house got flooded. So now you
get a FEMA letter. Every property in Penellas County has

(24:31):
a femal letter. It is an automated letter on the
letter head of the Panellis County Property Appraiser's office that
uses their assessment of your structure's value to determine how
much you're a home can be renovated to stay below
the fifty percent rule. Okay, this is this is like AI.

(24:52):
It's automated. Everyone has it. There's no there's no like
you know record or there. You know, you can look
at up your property that didn't flood and there's a
femal letter. Okay. It is an automated process based on
their assessment for tax reasons of your home. So, you know,
real estate agents unfortunately don't know this. You know some

(25:13):
of them think that, oh, well, why is there a
femal letter this house didn't flood or why is it
you know, why did There wasn't an insurance claim on
this one? Why does FEMA generate this letter? It's automated.
The counties that got hit decided to get ahead of
it and make it really easy for people to do
the math to determine based on their assessment, the county's assessment. Well,

(25:36):
here's one thing I want you to understand. So this
is an automated process. Real estate agents, please learn up
on this. Please stay up to date on what's going
on with your property praiss office. Please go to your
broker's training. Don't be giving your clients as horrible advice that,
oh there must be something wrong with it, there's a
femal letter. Seriously, we I deal with it all the time.
It's laughable. Like, if you're going to be a professional

(25:56):
and you're going to get paid great money to help
somebody buy home, at least be educated enough to know
what the hell you're talking about. So anyway, going back
to the FEMA letter, how many of you guys have
looked at the assessment from the county and not agreed
with its accuracy or see homes that sell for numbers
that are way different than what the county assesses your
property at, which is in arrears by the way. Okay,

(26:18):
so it's backward by more than a year. There could
be new sales that improve the value. An assessment from
the county is not a complete accurate determination for the
value of your structure. The only real way to value
your structure accurately as of today, not as of to
when they assessed you a year ago, would be an appraisal. Okay,

(26:40):
so the FEMA letter is a baseline. Of course, the
county and FEMA are going to say this is our number.
You simply have to prove it wrong. You simply have
to hire someone to say, now, the structure value is
higher than that. Here's what we have for the structure
value or your land value. Numbers are way off in
this neighborhood because land, you know, comps for the homes

(27:01):
you know for land have been selling for less an appraisal. Look,
counties do assessments, and they assess the value of your
home to collect taxes. Okay, they base it on stuff
that's a year old. They don't really go into your
house to see your improvements. Okay, they don't know what's
done to your house. Okay. It is a Realistically, it

(27:25):
is a ballpark guess based on data and measurements that
can often be wrong. Okay that aren't up to date.
So the FEMA letter is not the end all be all.
You have the ability to challenge it. You can't have
the property appraised, You can have the structure revalued. You
just have to go through the process. Of course, the
county is going to cya themselves and put this letter

(27:47):
out there, and there's a lot of people that have
scare tactics over this, like, oh no, I can't spend
more than that in a renovation. Uh again, prove it wrong. Okay,
So my point is to real estate agents out there,
if you're helping people look at and buy flooded homes,
or you're representing sellers and they're selling flooded homes and

(28:07):
you don't know this, you should refer the business to
somebody that does. You know. I was talking to a
lawyer not long ago who practices in personal injury, and
what he told me was that, you know, he gets
referrals for stuff all the time that isn't personal injury,
and he sends it to other attorneys because it's not
his forte because he's not educated on it. Unfortunately, too

(28:28):
many real estate agents try and keep listings and keep
clients when they're not educated on how to properly represent them,
and it gives our entire industry a horrible reputation because
you don't know what you're doing, and you give him
bad advice. You tell them that, oh, it must have
been flagged by FEMA because of this letter. Now I
don't know if you should buy it, and they fearmonger
the person to death and causes a deal to cancel

(28:49):
just because they gave them the wrong advice because they
didn't know what the hell they were doing. If you're
a real es toeda agen, you're representing these people and
you've not invested and bought and flipped real estate before,
and you're representing them. Refer to somebody knows what they're doing. Okay,
take a referral fee. Don't give them bad advice. You're
doing yourself a disservice. You don't know what you're doing.
You're giving them bad advice. You're not educated on what's

(29:10):
going on in the market. You don't have enough transaction
whatever it is. Okay, somebody comes to you and says, hey,
I want you to sell my commercial building. You never
sold a commercial building before. Guess what. Refer to somebody
that does our industry. It's rampant there. People out there
so desperate. Man. They get a piece of business and
then they're just gonna hold on to it. Like if
you see in the movie Tommy Boy with Chris Farley

(29:34):
and David Spade and how Tommy Boy lights the car
on fire in front of the guys they selling brake
pads to like going crazy, like strangling it to death. Right,
That's what a lot of real estate agents are doing
with clients right now. They're representing people and they've never
done what they're representing the person to do. They've never
done a transaction with that type of product or property.

(29:56):
They're not an investor themselves, and they're just not educated
because they're trying to be a jack of all trades.
It's one value of our team bringing to you is
that because I have so many people, have people that
specialize in different things. Some people are better at certain
things than others. But the real estate agent, it takes
on a client that doesn't know what they're doing. It's malpractice.
I mean, it's why attorneys don't they stay in their

(30:16):
own lane. And unfortunately, real estate agents need to learn
to do better, and customers need to learn to fire
their real estate agents are getting bad advice and they
don't and they're not being told the right information. Or
if they prove the information wrong from the real estate agent,
fire them and get somebody else. You're just going to
have more problems you got. You know, you probably went
with your uncle's brothers, cousin's friend, or somebody from a
friend of a friend and they just don't know what

(30:37):
they're doing. So that's my podium speech for today again.
If you specialize in something great and if it's outside
of your specialty, or you don't understand it or you're
not knowledgeable about it, get the knowledge and get the
education before you start servicing people. But to summarize Pallas
County Property Praiser's office, every property has a trim letter, okay,

(30:58):
a FEMA trim letter basically saying what our automated valuation
of the structure value is. We all know that if
automated valuations worked, Zillow would still be buying homes today
and they wouldn't have lost billions trying to use their
automated algorithm buy houses. Okay, it doesn't work. It needs
you need a human to properly value your home, and
if you disagree with the county and their assessment, there's

(31:20):
a path to do that. So hopefully that's helping for you.
When we back, wrapping up our last segment 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. Andrew Duncan at The Duncan
Duo Twitter, Instagram, YouTube, TikTok, Facebook at the Andrew Duncan
If you want to follow me Facebook or Instagram happy

(31:41):
to accept your personal follow as well. But I want
to talk about smart home features. Man, when I built
my house in twenty nineteen, I was amazed. It had
my head down building my business that I hadn't paid
attention to a lot of the technology that come out,
and I was so impressed with everything that got done
on my home to give me, you know, smart home features,

(32:04):
whether that's the ability to talk in different rooms, cameras, uh,
smart TVs that you can control from anywhere, pool automations,
hot tub automations, sana automations. I've got a great house
and I've got some cool stuff. Well now it is
evolving so much that it's it's really amazing. So I

(32:26):
want to talk through some of the autumn or not automations,
some of the technology that is going to evolve this
year and smart home innovations that are coming. So air
things renew It's a it's a device that plugs into
your HVAC system and it and it basically measures the pollutants, temperature,

(32:48):
and humidity in real time of your home. So many
people with allergies in our market that that is something.
You know. Super cool portable electric cooler with with you know,
without ice design for extended use, you can literally like
roll your drinks to you back and forth wherever you go.

(33:08):
Smart light features form Govi's table lamp. It's a fusion
of audio and lighting technology. It's RGBIC lighting. It basically
allows the lighting of the lamp to kind of match
the sound. Really pretty cool. There's a duo Wi Fi
camera with a dual lens system with one hundred and
eighty panoramic view, dual band Wi Fi six smooth streaming,

(33:33):
motion detection. Just the camera technology has just gotten amazingly better.
I mean, just in just in the six years that
I've been in my home, the quality of video streaming
just keeps getting better. The speed of internet keeps getting
better to support it as well, which I think is

(33:53):
you know again, just something you know, really really amazing.
It's not going to be long, and this isn't in
my list, but you see companies, you know, so many
AI companies, including Tesla, You've got you know a few
others out there. They're developing robots. It's not going to
be long before you're gonna have a robot that's washing

(34:15):
your dishes or cleaning up after you. Pretty pretty incredible.
You know, there's an AI powered robo rock Sorrows series,
which is advanced vacuuming and mopping. It's a robotic arm
removes obstacles that allows for deep cleaning, so a little
you know, like you guys have seen the room bas right,

(34:37):
everyone everyone knows what a room is. This is one
that kind of measures your floor plate and then when
it comes across the device, it can actually pick it
up and move it. So that's one of the things
I know I have to do. Sometimes I click my
you know, I click my my robot to start, you know, vacuuming,
and I realized, oh I left the dog to way
down right, Oh I did this, or oh I did that,

(34:58):
which is pretty amazing. Portable power stations. Look, there is
no question that's become super important for us. You know,
post storm, you couldn't find any of these portable power stations.
I obviously, you know, I have a whole house generator
and then a couple of other power supplies to help
businesses and different things that I run. Those are pretty incredible.

(35:20):
Smart smoke alarms that also measure you know, air quality,
smart lock with hands free unlocking like so for example,
Wi Fi ability for you to just walk up and
your your lock recognizes your phone and automatically opens for you.

(35:41):
Robotic mower pretty amazing. It's a hands free long care
with precise boundary free navigation. Its four wheel drive tackles
certain things are just so many things that are just
coming in, you know, snow and lawn attachments to you know,
blow off the side walk. You know. Again, just pay

(36:03):
attention to what's going on with technology. It is advancing
faster than we can possibly imagine. I'm a big fan
of AI. I use Groc personally, I have people on
my team that use Chat, GPT, I'm a groc guy,
and and you know, it's amazing to see how far
that is advancing and how that is going to integrate
into so much of this smart home technology where it's

(36:23):
literally going to be able to recognize you, talk back
to you, communicate with you, read you a story. Pretty
incredible stuff happening. So some of the inconveniences that you
have in your home, smart home technology AI is going
to end up resolving that. So anyway, I appreciate you
tuning in. Make sure you come to our client appreciation

(36:44):
of it. Again. Duncan Duo party dot com again. That's
Duncan Duo Party dot com. Real estate agents are invited,
our past clients, the community. If you're listening to this
and you're a fan of ours, we'd love to have
you there skating on the amilgreena ice, signed merch, giveaways,
free food, just a good, fun, family friendly event again

(37:07):
at Duncan Duo. Duncan Duo Party dot com and real
estate agents. Look, I doubled my ads spend this year.
More than doubled my ads spend this year. We just
signed to deal with real dot com for a massive
increase in seller leads. We are blowing up and we
need agents to serve the leads. We're generating more leads
than we can keep up with. If you're a real
estate agent, you're struggling and you want to join a team.

(37:29):
You want to plug in. You want to get coaching, training,
culture as well as the opportunity to work with a
lot of customers. Hit us up at Join the Duo
dot com again. That's Join the Duo dot com and
have an awesome rest of your weekend, Tampa Bay. I'm
going to be watching basketball March Madness all weekend. Enjoy
your weekend and thanks for tuning in