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foreclosures: Southern Dunes, Haines City Market Report For February 2012 - 03/21/12 06:55 AM
Tourist season is approaching yet again here, in Central Florida. That means that investors are looking to buy properties in attractive resort communities which are relatively close to Walt Disney World. This is just one of several reasons why now is the time to sell your home in Southern Dunes, Haines City.In Southern Dunes, average prices have declined from $156,800 in August 2011 to $142,500 in February 2012. Of the 26 homes sold during this time, 2 were short sales and 5 were REO/Bank Owned.Southern Dunes Short Sales is what we do so give me a call and I can … (0 comments)
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foreclosures: Hurry Up And Write Up That Offer On That Foreclosure!!! - 02/29/12 06:34 AM
When Davenport, FL foreclosures are selling so fast, I understand how an investor would feel like they need to get their offer in first. Especially if you are offering low on a foreclosure (not advisable by the way). But to be frank, it doesn’t matter if you get the offer in the first day the home is on the market.
The banks list their homes very low for a reason. They want as many offers and exposure as they can get on the home in order to try to draw the best offer out through multiple offers. If your offer … (1 comments)
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foreclosures: Why Won’t The Media Report The Good News?! - 12/14/11 07:16 PM
This is something that has always bothered me. Have you ever noticed that no matter what news channel you turn on it’s always negative stuff? I can’t remember the last time I saw a news story about Habitat For Humanity helping a family in need. I sure haven’t seen any news stories about the Toys for Tots program that will give out thousands of toys this year. Why is that?
On to the focus of this post...why won’t the media report on the real estate recovery as passionately as they did about the recession? I believe the media as a … (142 comments)
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foreclosures: Winter Haven, Florida Real Estate Market Report 9/13/11 - 09/13/11 06:38 PM
There are currently only 496 single family homes for sale in Winter Haven, Florida for an average listed price of $200,475. 347 of these are regular equity sales, 29 are REO/Bank Owned foreclosures, and 120 are short sales. From the statistics, it is clear that sellers who are listing their homes as regular equity sales are listing their homes at higher prices. Those homes on average spend more time on the market than the short sales and foreclosures. There are 226 homes in pending status in Winter Haven, Florida which means they are under contract and waiting to close. 64 are … (0 comments)
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foreclosures: Haines City, Florida Real Estate Market Report 9/11/11 - 09/11/11 10:54 PM
There are currently only 315 single family homes for sale in Haines City, Florida for an average listed price of $159,566. 259 of these are regular equity sales, 13 are REO/Bank Owned foreclosures, and 43 are short sales. There are fewer distressed listings in Haines City than some other communities in the area. There are 102 homes in pending status in Poinciana Florida which means they are under contract and waiting to close. 22 are equity sales, 17 are REO/Bank Owned foreclosures, and 63 are short sales. There were 25 homes sold in Haines City, Florida during the month of August … (0 comments)
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foreclosures: One More Thing To Watch Out For When Buying A Foreclosure - 09/07/11 10:56 AM
There are plenty of things that buyers need to be careful of when they are buying a Davenport, Florida foreclosure. But let me just add one more item to the list. An offer is an offer and a contract is a contract. They are not the same thing. An accepted offer becomes an executed contract when both parties have signed all contracts and addenda; and delivery has been made to all parties. The banks (and Fannie Mae) like to do things their own way, and normally that is fine. But when “their way” puts the buyer in a position where they … (9 comments)
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foreclosures: Davenport Florida Real Estate Market Report 9/1/11 - 09/01/11 09:12 PM
There are currently only 422 single family homes for sale in Davenport, Florida for an average listed price of $201,981. 314 of these are regular equity sales, 27 are REO/Bank Owned foreclosures, and 81 are short sales. There are 330 homes in pending status in Davenport, Florida which means they are under contract and waiting to close. 66 are equity sales, 36 are REO/Bank Owned foreclosures, and 228 are short sales. There were 92 homes sold in Davenport, Florida during the month of August 2011. 45 were equity sales, 22 were REO/Bank Owned foreclosures, and 25 were short sales. The chart … (3 comments)
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foreclosures: Poinciana Florida Real Estate Market Report 9/1/11 - 09/01/11 08:36 PM
Inventory is very low in Poinciana, Florida right now. There are currently only 141 single family homes for sale in Poinciana Florida for an average listed price of $89,569. 43 of these are regular equity sales, 17 are REO/Bank Owned foreclosures, and 81 are short sales. There are 425 homes in pending status in Poinciana Florida which means they are under contract and waiting to close. 34 are equity sales, 57 are REO/Bank Owned foreclosures, and 334 are short sales. There were 77 homes sold in Poinciana, Florida during the month of August 2011. 14 were equity sales, 28 were REO/Bank … (0 comments)
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foreclosures: 5 Things You Must Do Prior To Your Trip To Buy A Villa In Davenport Florida - 07/20/11 09:01 PM
I once saw a sign above a shop that said “Luck is what happens when preparation meets opportunity”. This is definitely the case when it comes to buying a home in Davenport, Florida. Luck favors those that put in the time and effort beforehand and make a plan.
It always surprises me when people contact me while they are on vacation hoping to buy a house on a whim while they are here. It just doesn’t work that way. Homes sell in a matter of days in Central Florida and almost every home ends up having multiple offers (as in … (2 comments)
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foreclosures: Aldea Reserve Davenport Florida Market Report - 07/10/11 03:30 PM
Aldea Reserve Davenport Florida is a beautiful community located just 15 minutes from Disney World. It's a great choice for a vacation home and is conveniently located near all of the other Central Florida attractions as well. The homes are stunning to look at, as is the community as a whole.
Currently there are 2 Aldea Reserve homes for sale on the market, both being short sales. There are also 2 homes in pending status, 1 being a foreclosure and 1 being a short sale.
6 homes have sold in Aldea Reserve over the last 6 months with an … (0 comments)
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foreclosures: Are Davenport, FL Short Sales Worth Less Than Market Value? - 06/10/11 06:20 PM
Are Davenport, FL short sales worth less than market value? That's a good question, and I'm going to try to answer it for you. There were 362 houses sold in Davenport, FL between March 1, 2011 and June 1, 2011. They sold for an average price of $134,157. Of those, 68 were short sales. These 68 Davenport short sales sold for an average price of $118,810. 151 of these homes sold were REO/Foreclosures and sold for an average price of $109,632. Lastly there were 143 equity sales (regular sales) which sold for an average of $167,352.
Obviously short sales and … (5 comments)
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foreclosures: Davenport, FL Real Estate: The International Buyer's Guide - 07/15/10 10:21 PM
I'd like to try to bridge the gap between the UK and Florida. I recently had a buyer from the United Kingdom ask me to detail how a real estate transaction happens here in Davenport, FL. So I thought I'd put together a guide to help him along and hopefully help you along as well.
The best thing about the real estate business in Florida, as compared to the UK, is that here in Florida we have the MLS (Multiple Listing Service). All realtors enter their listings into this database. This allows all realtors to have access to all listings … (10 comments)
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foreclosures: Unavailable Listings Got You Down? Show Em The Ugly Face - 06/08/10 07:34 PM
This is the face I make every time I have to tell a home buyer that the home they just saw listed on Realtor.com is actually unavailable.
"Yes, Mr. Ineedahome, I understand that it is still listed as active in the MLS."; and "Yes Mr. Ineedahome, I realize that it's a waste of your time having listings on there that should be pending." What am I supposed to say?
I realize that I'm probably stepping on someone's shoes here, but...I know it shouldn't be active, you know it shouldn't be active, and guess what...the consumer knows it shouldn't be … (55 comments)
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foreclosures: Central Florida Short Sales A TOTAL NO-GO? - 03/20/10 10:41 AM
I recently had an international investor email me and ask me the following question: "Do you think Central Florida short sales are a total NO-GO?" Apparently he had heard some horror stories about short sales, and he wanted my opinion about whether we should include them in his property search.
Here was my answer. I hope you find it to be helpful.
Short sales are actually starting to speed up a bit already. Some of the banks are converting to electronic admissions using the Equator system. This will help the banks speed the short sale process.
As for … (5 comments)
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foreclosures: Buying A Central Florida Foreclosure Requires Some Strategy - 03/03/10 07:41 PM
Buying a foreclosure in Central, Florida takes some strategy. You have to go in with at least the listed price because they are already listed well below market value. If you try to lowball the bank, they will laugh and move on the next buyer (who will almost definitely pay at least listing price). If you think about it, this makes sense. The reason property values fall when foreclosures hit the market is because the foreclosures are listed below market value and usually sell for below market value.
That’s how the banks garner the most attention possible. They want a … (3 comments)
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foreclosures: So....you want to buy a Florida Investment Property? - 11/22/09 07:25 PM
Here is some good information about buying investment properties. Foreclosures in particular.
Via Bryant Tutas-Tutas Towne Realty, Inc:
Buying an Investment property in Florida right now can be lucrative but it's not easy. Here is some information that may help.If you want to purchase a Foreclosure you will not have time to look at the property prior to making an offer. The “deals” will have multiple offers within hours of being placed on the market. If the numbers work….go for it.We suggest making strong offers and making them quickly. You may also want to make offers on multiple properties … (2 comments)
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Nathan Tutas
Davenport,
FL
More about me…
Tutas Towne Realty, Inc.
Address: 628 Grand Canal Dr, Poinciana, FL, 34759
Office Phone: (407) 870-3581
Cell Phone: (407) 870-3581
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