Julia Vakulenko

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SUN CITY CENTER, FL

343 SIENA VISTA PL, SUN CITY CENTER listing
  • $249,000
  • 2 Beds
  • 2 Baths
  • 1,966 Sq.Ft.

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MLS# T2894898

Welcome to your new home. This home has a wonderful pond view and upstairs bonus room. Large dining room and huge great room with sliding glass doors that lead out to the covered lanai. Enjoy the tranquil view of the pond from all areas as you...
Visit this property in RIVERVIEW: 11524 WESTON COURSE LOOP, RIVERVIEW

MLS# T2894456

New Roof/ New AC. Brand New Custom 18" ceramic tile and beautiful laminate wood flooring throughout the common areas. The open floor plan makes this home perfect for entertaining. Enjoy the privacy of the over sized back patio.
Visit this property in PORT RICHEY: 8710 SAINT REGIS LN #L, PORT RICHEY

MLS# T2894991

The Siesta is a modernly designed one-story floor plan with contemporary features and an open concept design with tile in the living and wet areas and plush carpet in the bedrooms. On the other side of the home, two other bedrooms share a bathroom...
Visit this property in WESLEY CHAPEL: 7709 TIMBERVIEW LOOP, WESLEY CHAPEL

MLS# T2894973

Additionally, the living room has French doors that open to the pool/patio. The open kitchen has tiled floors, numerous cabinets, and a dinette that opens to the pool/patio. Oversized windows throughout the suite let in plenty of light and have...
Visit this property in TAMPA: 17917 HOLLY BROOK DR, TAMPA


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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.

 

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