South Tampa Realtor
Homebuyers tell me they “only want to look at short sales”. My initial response is why? You can read a previous post here about Can I get a short sale for 20% less than asking price? Short Sale Disadvantages: The question today is a short sale worth the months of waiting just to find out […]
Should you submit a low ball offer on a short sale? Every market is different, so I am giving examples of what we are experiencing here in the Tampa Real Estate Market, where about 40% of our homes for sale are either a short sale or foreclosure. Before you decide to buy a short sale, keep […]
BANK OWNED PROPERTIES Q&A Q. What is a bank owned property or REO? More commonly referred to as a FORECLOSURE A. It is NOT a short sale. The bank has already foreclosed on the property. The bank is the seller/owner. Q. How do I make an offer? A. Through a Real Estate Agent. You will need proof of […]
What is a short sale? When researching how to buy homes for sale in Tampa, Florida, you’ll see bank owned (foreclosures) and short sales listed in MLS. They may say “listing price may not be sufficient to cover all expenses” and you’ll know it’s a short sale. Short sales are homes that the seller is hoping the […]
Short Sales vs. Foreclosures and its effects on Credit…. Breaking the myth There has been so much misinformation out there on the process of Foreclosures and Short sales; that I asked Katie Cook Hughes, Sr. Loan Officer at Prospect Mortgage in Tampa, Fl to clarify the situation for us! I think that many sellers have been […]
Foreclosures take heavy toll on home prices but bargain hunters are re-entering worst-hit markets. By Les Christie, CNNMoney.com staff writer The Median Sales Price, for the Tampa, St. Petersburg and Clearwater areas has dropped 20% to $173,400 from October 2007 to October 2008 A flood of foreclosures has driven home prices down. As many as […]
Join us for the Tampa, Fl Real Estate Buying & Investing Meetup. This group is organized by experienced Real Estate Agents and is intended to educate and share ideas with other people who have similar interests. Learn the differences between home auctions, short sales, and bank owned property. We will be teaching negotiation techniques, contracts, […]
