Julia Vakulenko

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MLS# U7796374

Gourment Chef's kitchen with Professional BOSCH appliance suite, and detailed with shaker cabinetry and a decadent Italian Carrara countertop. You'll be impressed with the Italian Carrara counters and bath tile throughout. Fixtures are top of the...

MLS# O5473152

Enjoy dinners on the lanai offering the ultimate in Florida living. Plenty of space for the grill, table and furniture. Enjoy features such as a tile roof, brick paver driveway, walkway and lanai. Fantastic and lavish master bath with granite...

MLS# A4167988

Come in and have a look at this spacious open floor plan offering 3 bedrooms, 2 baths, and a private den, plus the home has been freshly painted inside and out. This home is located in Phase III which provides lawn irrigation out of the ponds – a...
Visit this property in PARRISH: 11349 DURHAM ST, PARRISH

MLS# U7796340

C. The Pool is 6 f. The wood fenced in backyard has a perfect L-shaped gardening area. This home is on the outter edge of Pasco County; which is as close as living as you can get next to the Gulf of Mexico without being directly on the Gulf.
Visit this property in HOLIDAY: 3251 ROCK VALLEY DR, HOLIDAY


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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