Julia Vakulenko

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MLS# U8025527

Separate makeup vanity. Beautiful white step in shower with frameless glass door. Sparkling aqua glass inserts throughout bathroom. Inside laundry with washer and dryer included.
Visit this property in OLDSMAR: 840 LUCAS LN, OLDSMAR

MLS# T3143429

This home has a gorgeous tiled entryway with decorative wood moulding. The kitchen has wood cabinetry wood cabinetry, stainless steel appliances and an attached breakfast room area/ The foyer, kitchen and dining area are tiled. The large family...
Visit this property in RIVERVIEW: 12327 HAWKEYE POINT PL, RIVERVIEW

MLS# U8025514

Kitchen and baths, a/c, water softener, allure lux laminated flooring, and brand new pool pump. Yard is spacious & has new privacy fence. Home is a splt plan & all bedrooms are spacious with lots of storage. The garage was converted for master...
Visit this property in CLEARWATER: 2039 PLATEAU RD, CLEARWATER

MLS# T3142781

This BEAUTIFUL home is on a very relaxing setting with NO BACKYARD NEIGHBORS and grown mature trees to the side. The master bedroom is a dream with peaceful and private view, tray ceilings, large master bath and huge walk-in closet. Home features...
Visit this property in RIVERVIEW: 6317 MAGNOLIA PARK BLVD, RIVERVIEW


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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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