Julia Vakulenko

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MLS# T2919925

Value is in the land. 3 acres surrounded by rapid growth. Great development potential. This well maintained property is high and dry out of any flood zone.
Visit this property in RIVERVIEW: 6620 GRACE SWEAT RD, RIVERVIEW

MLS# T2868852

Under Construction. Quality construction and beautiful finishes in this 1700 sq. villa featuring 3 Bedrooms, 2. Completion projection is Sept 2019.
Visit this property in TAMPA: 202 N MANHATTAN AVE #2, TAMPA

MLS# T2897587

Enjoy living on beautiful Lake Wimauma. This is a growing community with new developments, many changes and centrally located near Tampa, St. Pete, and Orlando. 23MOL acres of lake front property.
Visit this property in WIMAUMA: 5575 STATE ROAD 674, WIMAUMA

MLS# U7792000

The East facing Marina home has always been a commodity within Belle Harbor, but #43 comes with all of the accoutrements one could hope for and then someā€¦Imagine a beach home away from your primary home that lives as easily, comfortably and comes...
Visit this property in CLEARWATER BEACH: 505 MANDALAY AVE #43, CLEARWATER BEACH


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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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