Julia Vakulenko

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  • $259,000
  • 2 Beds
  • 2 Baths
  • 1,966 Sq.Ft.

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MLS# A4182229

PERFECT location with quick & easy access to St. The Players Club was designed with Spanish-inspired architecture; is surrounded by lush vegetation, making it one of the few communities that embraces open space. This decorator furnished residence...
Visit this property in LONGBOAT KEY: 1425 GULF OF MEXICO DR #D105, LONGBOAT KEY

MLS# U7811795

Love Downtown St. Pete. The quarterly HOA fee of $2322 or $774 a month covers utilities, gas & electric, exterior and building maintenance, security, storage for bikes & personal items, exercise room, security and more. S.
Visit this property in ST PETERSBURG: 130 4TH AVE N #307, ST PETERSBURG

MLS# U7813166

Welcome to 5641 Cedar St NE. This well maintained home has had only 2 owners and you can see the pride. As you walk in you can enjoy the outdoors in your screened in patio. Make an appointment today.
Visit this property in ST PETERSBURG: 5641 CEDAR ST NE, ST PETERSBURG

MLS# U7813182

New roof, wiring and plumbing in 2005. Separate dining room with French doors. Fireplace and beautiful wood floors. Lot next door for sale as a separate transaction.
Visit this property in BRADENTON: 1301 18TH ST W #A, BRADENTON


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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