Bank Owned Bargains for Sale in Tampa Bay - See Pictures

Real Estate Agent with Coldwell Banker, Tampa FL BK3029088

If you don't like waiting for months for a response to your offer to purchase, Bank Owned Properties may be the way for you to purchase a home at a terrific price.  These are homes that have already gone thru foreclosure and the bank now owns them.  The Bank had to pay a tremendous amount of money to foreclose on the house as well as they have all the mounting expenses and headaches associated with a portfolio of vacant homes, where they are making no money on them as they sit there vacant.  The Bank is a a motivated seller!

Click Here if you would like to see Bank Owned Bargains for Sale in Tampa - condos, single family homes, townhomes or townhouses, villas, waterfront homes, luxury properties, homes with acreage, equestrian properties.

When making an offer on a pre-foreclosure it could take as long as 6 weeks to 3 months or longer to get a response on an offer and be able to close.  You have be be very patient and have a pretty open time line on the date you have to move in when considering a pre-foreclosure.

With a bank owned home, your realtor should get a response from the Bank within a day to a few days -- much quicker response than a shortsale.

The Bank will very often will price the house extremely low in order to draw a lot of attention to it.  The Bank would love to get multiple offers and to pick the the highest and best offer - that's great marketing on the bank's part - basically performing an auction with the house going to the highest bidder. 

When making an offer on a bank owned home, you have to keep in mind that the house 99% of the time will be sold as-is with no repairs.

Some Bank Owned Homes may be in near perfect shape - move in ready, while others are really beat up, depending on the mood of the person that owned the home before the bank did. I always advise my home buyers to pay for a home inspection done so that the home buyer has a better idea what works and what doesn't, also the life left on the roof, etc.

Search the Tampa Bay MLS and Perform Your Own Custom Home Search by Clicking Here

If you have any questions, please feel free to contact me any time. I am here for You.

Looking forward to your calls,
Stephanie LeFew
Tampa Home Buy Realty
Realtors Serving Hillsborough, Pasco, Hernando & Pinellas Counties
All Services are FREE to Buyers
Buyer Incentives Available - Sharing up to 20% of my commission with you when you purchase a home with me as your Realtor

813-991-1355 / 813-624-3332


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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC


That's an impressive of available properties for sale.

Good luck and success.

Lou Ludwig

Jun 28, 2010 07:11 AM #1
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Stephanie LeFew

Your KEY to a wonderful home buying experience
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