Banks willing to package multiple condos for sale

Bank owned homes and condominiums were and still are hot buys starting out 2009. Priced attractive with quick response times make them good deals, unlike the messy "short sale" process. Searching the MLS for communities that used to be filled with these highly sought after properties are now coming up empty handed or at best one or two over priced properties. Looking back the first quarter of 2009 an investor would of had a field day with minimal competition and the pick of the crop. Today as soon as bank owned properties hit the MLS Realtors are quick to get the information to their buyers and most times are in a multiple offer situation with purchase prices going above list price.

Serious investors many offering cash are now purchasing multiple condominium bulk sales. Typically priced below market value these bulk sale condo units sell at 60 to 70 percent off market value. Yes there is still value and asset managers know the current activity in the Central Florida real estate market.

One community within minutes from down town Orlando and popular restaurant row in Dr. Phillips advertises units at $80,000 to $90,000 per unit but purchasing a mixed number of one and two bedroom condos you can negoticate that price in the $50,000's. Two pools, indoor racket ball, fitness room and lakefront property.

Orlando is not the only place offering bulk sales, St. Pete and the costal community will have bulk sales coming up in the next month. Opportunity is out there for people willing to look.