Julia Vakulenko

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  • $289,000
  • 2 Beds
  • 2 Baths
  • 1,966 Sq.Ft.

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MLS# N5910659

Brand-new kitchen with white shaker style cabinetry, solid stone granite countertops, White appliance package,18 inch ceramic tile throughout, new carpet in master bedroom and freshly painted. Partially furnished, this open living, two bedroom two...
Visit this property in VENICE: 656 BIRD BAY DR W #71, VENICE

MLS# T2853041

Welcome home. Enjoy relaxing and entertaining year round, in your huge lanai & pool & spacious fenced in 1/4 acre lot. The community also has its own private lake that you can have access to by donating to the optional HOA yearly. No mandatory HOA...
Visit this property in TAMPA: 7238 WOODBROOK DR, TAMPA

MLS# W7625209

Screen porch. 2nd bath in garage. Tile roof and older A/C. Thus cash or conventional only.
Visit this property in PORT RICHEY: 8019 PINEAPPLE LN, PORT RICHEY

MLS# U7800046

The front, screened in porch welcomes you home. Inside laundry, no need to go up and down stairs to do the laundry. Large clubhouse. pool, social activities, and more.
Visit this property in OLDSMAR: 235 PELICAN DR N, OLDSMAR


Tampa Bank Owned Homes or REOs

Real estate owned properties are the type of properties that a bank has taken back through foreclosure proceedings. Now the bank owns the property (these can also be referred to as bank repos). The bank will try to list the property with a real estate agent in order to get a qualified buyer so that both can get the best possible price in the quickest time. Since banks are not in a position to keep real estate inventories, they try to dispose off these properties as quickly as they can by offering it a very much discounted rate. Usually very much lower than market price.

REO properties are often, but not always, in terrible condition. The previous owners were probably not able to take care of routine repairs or maintenance that quickly call attention to bigger problems with the home.

The property could be vacant, damaged, and definitely not the most desirable place on the market. There are many buyers that will turn around and walk away once they find out that the property is in bad shape, so this is why many first time buyers are attracted to these properties. First time buyers can get a good price and spend time fixing up the property themselves.

Many buyers will try to negotiate the price of an REO, but even though lenders are looking to cut their losses, the still want to get the best price that they possibly can out of the property. It is easier for a lender to sell a property since there is no emotional attachment, so they will often sell the home to the best qualified buyer at what they think is a fair price.

It is often more difficult to qualify for an REO property than for a typical home. This is because requirements on financing are stricter. Most lender are not looking for buyers who make an offer on the contingent sale of the their home, because this option would end up costing the lenders money.


The Home Buying Process:


Types of Resale in Today's Market:


Taxes, CDD, HOA, and Homestead:

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