Julia Vakulenko

Featured properties: See ALL

Tampa4U.com

Newest listings

MLS# U8041649

Click on PHOTOS. 3 clubhouses, 2 pools, grills, athletic areas, showers, sauna, & changing rooms. Yacht Club memberships. Not a 55+ community.
Visit this property in NEW PORT RICHEY: 5245 AMULET DR #102, NEW PORT RICHEY

MLS# U8089889

Ready movein. Downtown living. It has astonishing city view. Please call for your private tour.
Visit this property in ST PETERSBURG: 175 2ND ST S #1116, ST PETERSBURG

MLS# U8029376

The home is updated and on city water and sewage that features a brick circle driveway property is all set up for you and your animals.   The main home is  2200 sq. Plus almost  1000 sq. ft unfinished attic not included in sq.
Visit this property in LARGO: 990 DONEGAN RD, LARGO

MLS# T3208089

There is a rec building, shuffleboard, covered picnic area and weekly events like cards and crafts. This home offers 2 bedrooms, 1 bath and the floor plan is very spacious with the living, dining and kitchen open to each other. There's a covered...
Visit this property in ZEPHYRHILLS: 37427 RAY DR, ZEPHYRHILLS


Tampa4U.com

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:

© Copyright 2008 - 2016