Julia Vakulenko

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MLS# T3125840

There are 6 parcels that are contiguous to one another offering approximately 5. Ideally being sold together for a large development, although they can independently be acquired, with some exceptions to a few combined parcels, please read realtor...
Visit this property in TAMPA: 1107 90TH ST S, TAMPA

MLS# T3123089

Beautiful two story family home in Lowry Park area. Conveniently located close to I-275. Spacious open floor concept. Updated kitchen with wood cabinets, granite counter tops, and stainless steel appliances.
Visit this property in TAMPA: 807 W MINNEHAHA ST #1/2, TAMPA

MLS# U7810774

Under construction. 60% sold out. Minutes from Pier 60, Pura Vida allows for shopping and dining while maintaining the convenience and seclusion only offered by an exclusive 22-unit building. After enjoying a day discovering all that the top rated...
Visit this property in CLEARWATER BEACH: 15 AVALON ST #6H/603&604, CLEARWATER BEACH

MLS# U8031098

Price reduction. Petersburg and just One block to Central Avenue. ft. The designer kitchen is an open concept with Woodland Cabinetry and lighting fixtures.
Visit this property in ST PETERSBURG: 2710 1ST AVE S, ST PETERSBURG


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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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