subject: Foreclosure Listings First Call List [print this page] Whether youre a first time investor, a seasoned veteran, or just looking opportunities for real estate investment, its a good idea to keep an eye on the available foreclosure listings. Many sites charge a fee to browse their lists; why would you choose that option when we can provide you with Florida foreclosures for free?
Houses are sold for a number of reasons. The owner needs money fast, the mortgage on the house is underwater, or the owners are forced to move. Knowing which house to buy, how to assess its value and how much to negotiate is key in insuring that you will be profitable at the end of the venture. So, first things first, you will need to pay close attention to a few important factors that are very important in real estate investment.
Rule number one the land that youre buying may be even more valuable than the construction on top of it. Some houses simply cannot be rehabbed to their original condition under a reasonable budget. You must not only consider the house itself, but also pay attention to the after repair value of the house on the land it sits on.
Have you added yourself to our First Call List? If you want the jump on new properties, Contact us to get a call as our properties become available. Alternatively, you can subscribe to our weekly foreclosure listings by email. While youre looking at our current foreclosure listings, add your email in the Join Our Mailing List box on the right side of the page!
Helping to hold the Florida prices steady is the foreclosure process. Florida courthouses are backed up for 12 months in some cases and lenders getting ownership of a property through foreclosure is no longer a fast process. Although most people I talk to agree there will be a continuous saturation of foreclosures in the Tampa market for the next 2 years, I think its interesting that Florida wholesale prices have been steady the past several months.
The slow foreclosure process is one reasons why lenders are now agreeing to short sales at lightning speed compared to two years ago. A short sale provides the lender a quick out of their problem loan, and gives them fast cash. Sure, the money they get from a short sale is often half what they originally lent out, but compared to a loan that they are not being paid on, its a good option!
The Tampa real estate market has been at a plateau since September 2010. The prices on sub $100k Investment Properties are no longer declining. As the media is offering a positive outlook on the economy, we have seen an increased demand in our foreclosure listings. Our First Call List has become very valuable to real estate investors. It gives you an opportunity to take advantage of the bank relationships we have developed over the past 12 years, and gives you an inside track on the newest and best deals on Tampas bank foreclosures.
Best of all, you can see all of our foreclosure listings for free! So add yourself to our First Call list and get the jump on other investors!
