bank owned: Buying new construction vs Bank Owned Foreclosure Property
- 04/15/11 10:36 AM
There's been some debate lately as to whether you should buy New construction property versus a Bank owned foreclosure home in Orlando. I say either can be a great deal just depends what you are looking for and current housing needs.
Here are my top reasons you should purchase a New Construction Home in Central Florida:
It's brand new - never lived in, most the time you get to pick the fixtures and have outstanding warranties from 1-2 year interior to 10 year structural If the community is new there are no bad loans in the community meaning no … (2 comments)
bank owned: INVESTMENT OPPORTUNITY - DOWNTOWN ORLANDO - BANK OWNED - FORECLOSURE
- 03/10/11 05:35 AM
CALLING ALL INVESTORS - AMAZING OPPORTUNITY NOT TO BE MISSED- 3 BANK OWNED PROPERTIES TOGETHER FOR A MINIMUM OF 7 RENTAL UNITS in DOWNTOWN ORLANDO This is one of those rare opportunities that every investor is looking for, I have listed 3 buildings in Downtown Orlando 2 buildings contain- 2 townhomes EACH - Built in 2008 these units are move in ready 3 bedrooms, 2.5 bathrooms, 1 car garage, hardwood floors all ss appliances, 42" cabinets, balcony off the master, large soak tub in the master bathroom and individually fenced yards. (4 individual units in total)
The other building is zoned … (3 comments)
bank owned: Calling Downtown Orlando Investors - Townhomes bank owned - 4 units together
- 02/27/11 07:59 AM
Calling all Downtown Orlando Investors do I have a deal for you. 4 Townhomes together bank owned and ready to rent. The average rent for the area is $1525. That's $6100 a month income and very low maintenance. The units are less then 3 years old and are in great condition. Looking for positive cash flow and ROI look no further
3 Large Bedrooms 2.5 Bathrooms - 1/2 bathroom downstairs 1 C Attached Garage Each townhome has it's own private fenced yard Hard wood floors downstairs SS appliances and 42" cabinets in the kitchen Faux wood blinds Granite countertops in … (2 comments)
bank owned: TOP 5 PRELIST - ORLANDO, FL HUD AND BANK OWNED HOMES
- 01/20/11 09:27 AM
Here is my TOP 5 list of the best PRELIST properties around Orlando, Fl. They included bank owned homes and HUD Houses. These homes are not yet available to the general public but are coming soon. So here is my run down of whats coming.
1) Lake Mary, FL - HUD Home - 304 Dorchester Sq - 2 Bedrooms, 2 Bathrooms granite countertops almost 1000 sq ft perfect for the first time home buyer - own it for as little as $100 down and only $225/mo HOLY COW you cant find rent anywhere that cheap. $42,000
This house is more then just a home, it's a lifestyle. Lake Butler Sound is nestled on 380 acres of prestine land and plenty of lake frontage. Behind the gates you will find two charming English Gardens and a beautiful dock to watch the stunning sunsets This home once sold for over a million.
Be surprised when you drive up, brick paver drive way, covered porch with stately columns, these … (4 comments)
bank owned: Orlando Bank Owned Homes For Sale - Coming Soon
- 01/31/10 09:48 AM
Orlando Bank Owned Homes for Sale coming soon to the market. As an REO listing agent I normally have my upcoming inventory a few weeks to months before it's ready to be placed on the market. This gives my customers the advantage to knowing what's coming. If you want to sign up for our list of bank owned properties for sale email us a Heather@HeatherTheRealtor.com and tell us you want to be added to our Foreclosure List.
Our upcoming REO properties are as follows:
10112 Silmarien Orlando FL - Great home close to 417/408 and UCF
1820 Little … (2 comments)
bank owned: How Your Realtor Could Cost You That House
- 01/24/10 09:04 AM
REO or Bank Owned Properties as they are better known are very popular right now with investors and first time home buyers. However this market is a very specialized niche. It's not like writing a deal on a regular resale home and requires a few special skills that you want to make sure your Orlando Realtor has or it could cost you that house.
As an REO listing agent I see offers come across my desk all day long from other agents and their eager buyers. Sometimes I just have to shake my head. What was their agent thinking when … (2 comments)
bank owned: National and Local Foreclosure Stats
- 10/27/09 11:40 AM
I am going to try to keep everyone up to date every month on the national and local foreclosure stats. I think it's an important gauge on where the market is going and where it has been.
For the month of October 2009 Information updated on 10/27/09 at 4:27 pm Nationally 440,858REOs Florida 55,239 REOs Seminole County 789 REOs Orange County 4,451 REOs
… (2 comments)
bank owned: Lake Mary Homes for Sale - But buyers cant buy them
- 09/19/09 01:28 AM
Lake Mary Homes are for sale, but buyers, especially first time home buyers cannot buy them. Why? Because investors are back in the market. The chosen method of payment for Lake Mary investors is Cash and in this market cash is KING. Many first time home buyers find themselves scrambling to take advantage of the $8000 first time home buyer tax credit, only to be meet with little inventory and heavy competition on those homes, generally beat out by an investor willing to pay cash for the home. Lowering the risk for most bank owned properties.
First Time Home Buyers … (7 comments)
bank owned: Orlando First Time Home Buyers Guide: Part 3 How to make an offer on your first home
- 08/18/09 03:09 AM
Orlando First Time Home Buyers this is your guide to everything real estate related and where to begin. The firs parts of this series discussed if purchasing a home is right for you and how to finance your first home, the second part discussed why you need an Orlando Buyer's Agent. This part will discuss how to make an offer on your first home.
Lets retrace our steps, you've come to the conclusion buying is right for you and you have spoken with a lender who has given you a pre-approval letter, you have also chosen your buyer's agent to … (3 comments)
bank owned: Oviedo Bank Owned Home for Sale in Live Oak Reserve
- 08/03/09 03:09 PM
Oviedo Bank Owned Home For Sale in Live Oak Reserve. This stunning estate home is priced to sell. You will be kicking yourself for not jumping on this deal of the year. Live Oak Reserve is located in Oviedo Florida and zoned for A Rated schools. Live Oak is one of the most sought after communities in the Oviedo area not only for it's location and exquisite homesites but also for it's outstanding amenities. Residents can enjoy a large community pool with water slide, fitness center, tennis courts, basketball courts, sand volley ball, playground and many parks and fields for the … (0 comments)
bank owned: What's the difference between a Short Sale and a Bank Owned Home
- 05/28/09 04:53 AM
The topic of hot debate, what's the difference between a short sale and bank owned property (REO)? This is a great question. There are two big differences. A property being sold as a Short Sale is still owned by the current home owner. They are in default on their mortgage and instead of being foreclosed on and ruining their credit more, they ask the bank to accept a sale and take less then what is owed to bank, it's the banks choice to take this or not and some banks are not offering this option anymore. A Bank owned property or … (11 comments)
bank owned: Blue Light Special on Lake Mary Bank Owned Properties
- 03/09/09 10:32 AM
As and REO agent I have first hand knowledge how the banks work, how they arrive a their price and what it takes to get an offer accepted by them, yet I still get buyers everyday who contact me stating they want to find a house 40-50% under market value. Guess what people most likely isnt going to happen and here's why. Banks have the properties appraised whether it's by another agent or an appraiser either way they get fair market value. Based on the condition of the property and the AS-IS terms they will price their property slightly below market, … (0 comments)
bank owned: Looking to score big on a REO - Bank Owned Property?
- 03/08/09 01:00 AM
I specialize in working with first time home buyers in the Orlando area and as an REO listing agent. Often times I am given the bank owned properties weeks before they are actually put on the market. This time allows myself and the bank to get the property ready for the market. I only deal with banks who really are motivated to sell their properties and sell them in the best light. During the time prior to listing the home on the market I am working on getting the property repaired and cleaned making it show ready. I also get the … (3 comments)
bank owned: Lake Mary / Sanford Short Sales are they really worth it?
- 02/08/09 09:46 AM
This is a story of a Sanford area Short Sale that went arye. I have been working with a great couple. They are newly weds and newly expecting. This couple found their dream home in downtown Sanford historic district. A stunning 3 story home full of charm and history built in 1901. At the time the list price was $165,000 and had been on the market almost a year. It needs work but has huge potential. Buyer's just because the house is listed at one price and you offer full price this means absolutely nothing. The bank did not set the … (15 comments)
bank owned: Answers to First Time Home Buyers Questions
- 07/16/08 04:23 AM
I am an agent that lives the lives of most my buyers. I understand our needs for communication, education, flexibility and need for instant access and well wanting more then we can truly afford. I was a first time home buyer and now specialize working with first time home buyers in the Orlando area to help them realize their dreams of home ownership With that being said I am contacted on a daily basis by first time home buyers who have found me via the internet on my first time home buyers site and via my blogs here on ActiveRain. So … (21 comments)
bank owned: Looking for Luxury Pre Foreclosure Homes? Come to Central Florida Luxury Estates.com
- 02/12/08 02:17 AM
Are you looking for a luxury estate in the Lake Mary area? Are you looking for that amazing deal? Look no further all of these properties are either in foreclosure or are bank owned. These banks dont want to own these properties so here is your chance for a luxury home in Lake Mary, FL. If you want more information on any of these homes please contact, Heather Joubran at 407-810-6304 or hjoubran@remax.net
Absolutely magnificent South Isle waterfront in Lake Forest. Custom built w/5BR & 4.5BA with 5,396 sq ft.
Beautiful landscaped setting for this charming 4/3 + Bonus, located in Heathrow. Just … (2 comments)
bank owned: First Time Home Buyers, Short Sales, Foreclosures all in Central Florida oh my...
- 01/31/08 01:03 PM
So you are a first time home buyer in the Central Florida market. Your family is telling you you should stop renting and buy a home. Your friends and the media are telling oh no it's doom and gloom the market is still falling don't get taken like we did. Hmm well if you follow your friends you would wait til the market goes up and pay too much for your home, not the best advice is it? Of course the media is saying the same thing, but think about it the media sides on the side of sellers. A few … (1 comments)
Heather Unger's blog is for those looking to gather information on Central Florida's Real Estate Market including areas such as Orlando, Lake Mary, Baldwin Park, Lake Nona, Longwood, Seminole County, Winderemere, Winter Park, Thornton Park & College Park. In her blogs you will find information on how the current and local market is for all types of buyers and sellers from first time home buyers to the luxury real estate market, where to find the next deal in new construction and bank owned properties (REO) or how to get your home sold quickly. Better yet check out her website www.HeatherTheRealtor.com. Here you can also find her video blog showing her recent appearances on HGTV's House Hunters and other great real estate videos, plus information on local communities and areas.
There's been some debate lately as to whether you should buy New construction property versus a Bank owned foreclosure home in Orlando. I say either can be a great deal just depends what you are looking for and current housing needs.
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