BANK OWNED FORECLOSURE FOR SALE 405 BOSWELL WAY, KISSIMMEE, FL

Home For Sale

405 BOSWELL WAY, KISSIMMEE, FL 34758

3 bedroom 1,886 SqFt

$112,400

Large 1,886 square foot 3 bedroom 2 bath home on a third of an acre. This split plan home also has separate living and family rooms. Large rear screened porch. Close to schools, hospital, and shopping. ALL MEASUREMENTS AND HOA FEES ARE DEEMED RELIABLE BUT NOT GUARANTEED.

Foreclosure Market Information

Inventories of regular sales are currently at the lowest levels that they have been in the past few years and there are great deals to be found in Central Florida on bank owned, distressed (or foreclosed) properties. The competition and interest in such properties is high, when you find the home you are looking for, it is important to come with a strong, good offer. Remember: you are not trying to buy the foreclosure from the bank that owns it, you are trying to keep the foreclosure away from another inspired buyer, or in most cases, multiple buyers. With inventories low, as mentioned, all properties are being seen by multiple interested parties in the first days and weeks that the properties are placed onto the market. If you're interested in distressed property, please give us a call! We are experts and would be glad to help you with your investment.

How To Purchase A Bank Owned Foreclosure

Many bank owned foreclosures can be purchased by simply placing an offer. We will be happy to help you do this to make sure that you are represented by a professional. We can help you to make sure that your offer is competetive when compared to other interested parties. Increasingly, many properties are being offered for auction online on websites like Auction.com, HubZu.com, and Homesearch.com. You may choose to use a real estate professional as representation when bidding for properties online too, and this is something that we do as well. Auction properties will not be sold unless the highest bidder has met the reserve, which is kept secret to prospective buyers. Auctions usually run for anywhere from a few days to a week, and if the reserve is not met, the property will be withdrawn and placed up for auction again at a later date.

Keeping An Open Mind

Whether you are buying a home to live in, or as an investment property, bank owned distressed proerty can be a good value, but in order to see the true value and savings, you need to look at the potential and the after-purchase costs. Hate the carpeting? Typically, buyers replace carpets right after closing their sale. So in the most likely case, you are going to be buying new carpet anyway. Rooms colors that are awful are no problem as any home you buy other than new construction, you are going to need to paint anyway. These cosmetic defects must be overlooked and just added to the budget. Square footage and location are things that you're stuck with, so don't get bogged down worrying about issues that have to be addressed anyway like paint and carpet. An experienced agent has contractors that they have used and trusted, ask for their help! Remember, we do this everyday. So be sure to hire a professional. Missing vanity? This is not as costly as it looks...and bonus: you get to add your impression on the master bathroom! Get a consultant that can guild you in your costs and add value to your purchase. The best deals are going to need some TLC. That's what keeps the competition low.