Julia Vakulenko

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

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MLS# W7629455

This beautiful home is situated on a 1 acre Fenced Lot that feels like you are out in the country yet your less than 5 minutes from all kinds of Shopping and there is NO HOA fees. There is plenty of parking for cars, RV, Boat, Trailers or anything...

MLS# T2875562

Lovely pool home overlooking biltmore park, only blocks from riverhills park, with board walk, public boat ramp and playground. Home has large open floor plan with screened lanai overlooking the large pool. In the heart of the terrace near usf,...
Visit this property in TEMPLE TERRACE: [R_I], TEMPLE TERRACE

MLS# T2878079

Amazing value and location in this modern luxury townhome, in the heart of SOHO. 5 bathrooms, 2 outdoor living areas, hardwood floors throughout, custom upgrades galore and a 2 car garage. The second floor has a large family room, a full bath with...
Visit this property in TAMPA: 213 S MOODY AVE #1, TAMPA

MLS# A4184688

If you thought you couldn't afford living downtown, think again. One under building secured parking spot and plenty of additional parking. Within steps to the Bayfront and all that the quaint and lively downtown Sarasota has to offer including...
Visit this property in SARASOTA: 1268 11TH ST #2304, SARASOTA


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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