As realtors, we constantly hear from our buyers, "We want the best deal out there". To be honest, the "Best Deal" varies from buyer to buyer. There are many things to consider as far as deals are concerned and any time restraints on the buyer. The information below will help you determine where YOU as a BUYER should look for the "Best Deal". To start your homes search, log on to www.AtHomeInTampaBay.com
There are three distinct types of Sellers and each type of property they are selling has its own idiosyncrasies. Understanding them will help you in the process of trying to decide what is best for you and your particular needs. The three types are Bank Owned Properties often known as REO's or foreclosures, Short Sales which are often referred to as pre-foreclosure properties and then there are the Typical Sellers who have their houses on the market because they have a need to move for all of the normal reasons that people move. Let's take a look at all 3 and how they fit into your plans for a purchase.
Bank Owned Foreclosure Properties:
Price: These are often the best prices of any of the houses on the market for many reasons that will become apparent as you read further.
Condition: These are often properties that need a considerable amount of work due to the condition in which the previous Seller left them. Many of them need a great deal of cosmetic work, appliances, sometimes structural work, etc. which is why they usually carry a "bargain" price. Because these properties are sold as is, it is important that you plan to have the home inspected. In order to do this, you need to be prepared to pay to turn on utilities if necessary.
Offers: Your offering price, while it is important to the Bank, is not the only important factor. If you are a cash buyer, a buyer who is going for a small mortgage or you are willing to purchase the property "as is where is" (which is how most Bank owned properties are sold), your offer will carry more weight. At the time you submit an offer, you must submit a Pre Approval Letter stating that you are qualified financially to purchase this property or proof of funds for a cash involvement. You should also be aware that it may take the Bank quite some time to even look at your offer, more time to accept it in writing and that they may continue to seek other offers even after you have submitted yours. A quick answer to your offer will rarely happen.
Closings: If you need a quick closing and need to plan on an absolute date for closing, foreclosure properties may not be the answer for you. While these properties have certainly been known to go fast from the time of offer to closing, this is not something that you can count on as an absolute. If you are not under any particular time frame, then this won't be an issue.
Pre-foreclosure Short Sales:
Price: These are properties that will be contingent upon a bank accepting your offer even after the seller has accepted and signed their agreement on the price. The bank will have to agree to a price that is usually less than what the original mortgage was. Often they are well priced or better priced than some other properties in the same market.
Condition: Goes from bad to excellent depending on how long the seller has been in financial difficulty. Your home inspection will help you determine what (if any) delayed maintenance there might be.
Your offer: Since your offer is contingent upon Bank approval just like the foreclosure properties, you should plan on submitting a pre-approval letter with your offer. Price is going to be important on this type of purchase since the bank will be discounting what is actually owed to them and the amount you plan to finance is important. The bank can be slow to answer even after the seller has agreed to your price as it is in their best interest to continue to shop for a better offer. A quick answer to your offer is often difficult to obtain.
Closings: This is similar to Bank owned foreclosures. Please see those comments above.
Seller Owned properties:
Price: While not usually the least expensive of what is on the market, they are usually fairly priced - just not priced as a distress sale might be.
Condition: The majority of these houses are in excellent condition and show well as these Sellers are competing with properties that are distress sales and priced under market value.
Your Offer: While these sellers usually have their houses priced according to the market, they are not in a position to play major negotiating games nor do they need to if they were priced fairly for the location and condition. If you are used to dealing with foreclosures and short sales and making low offers, you may find that this won't work for you with these sellers. These sellers may request a pre -approval letter with your offer as well due to the mortgage issues that have arisen in this market correction. For many obvious reasons they don't want to take their property off the market if you do not qualify for a mortgage to purchase their house. Some of these houses are sold as is, but many sellers are willing to make repairs that the buyer feels are important that are covered by the language of the contract.
Closings: This is where you can usually be in the driver's seat. If you have specific needs to close quickly and on time. Seller's who are competing with distress sales can make up some of that difference by allowing the buyer to determine how fast they want to close.
October 18 - Dedication Saturday We will be dedicating the flag pole and butterfly garden (to be planted soon) to the memory of Coach Rastus Kimbrell and Pamela Ward. Coach Rastus was one of the Junior Pee Wee assistant coaches during the 2007 season. Pamela Ward was the mother to three of our Tiney Mite cheerleaders in 2007. Both Coach Rastus and Pamela Ward passed away this year. We have had numerous families from the Wolfpack organization express a desire to do something in their memories. For this reason we will be establishing a scholarship fund that contributions may be made to in their memories. In future seasons we will use this fund to aid families that are unable to pay registration fees for their children. You will receive more detailed information about this special day and how to contribute in the near future. October 26 - Cheer Jam Our Wolfpack cheerleaders will be competing in the FYD District cheer competition. This event will be held at the USF Sun-dome. When available, we will pass on the schedule so that you will know when your squad will be competing. It would mean a lot to the girls if their football team would go and support them. November 2, 5:00 - 8:00 p.m. - End of Season Celebration
We are planning several activities and games! Please come out to celebrate the end of our 2nd season and spend some time with your Wolfpack Family. Each team will have the opportunity to meet as a team and re-cap their season. There will be lots of food, fun and games for everyone! Friends and family members are welcome too! Wolfpack Gives Back is sponsoring a one day food drive and will be collecting non-perishable food items that will be donated to a local food bank or mission that provides food for the needy so start putting aside those canned goods now and bring them with you on November 2nd! In addition, on Nov 2nd, we will be collecting any clean, used football or cheer equipment that is suitable for donation to a local boys/girls club so if your child has outgrown those cleats, practice pants, practice jerseys, or sneakers, consider donating them to an organization who could use them! It will be a day of fun for the kids - and everyone involved - so mark your calendars now and plan to come celebrate with us on Sunday, November 2nd! Start your home search for this wonderful community (zip code: 33547) visit: www.AtHomeInFishHawk.com
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Tampa Bay Parenting magazine recently named FishHawk Ranch as "The Best Community To Raise A Family." The well-respected parenting resource stated that in its 10 year-history, FishHawk Ranch has "grown to be a true hometown with an exciting year round calendar." This honor joins a growing list of accolades our community has received, including: "Best in American Living" by the National Association of Home Builders, the "Award of Excellence in Environmental Projects" from the Hillsborough County/County Planning Commission, as well as the Grand Award from the National Arbor Day Foundation as the nation's top master-planned community.
Families who live in FishHawk Ranch lovingly call it "The Trap". They never leave FishHawk, they just buy or sell the house to best fit their current lifestyle!
Visit: www.AtHomeInFishHawk.com
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Search for your FishHawk home by visiting: www.AtHomeInFishHawk.com Many "out-of towners" looking to move to the Tampa area tell me the most important things they are looking for in their new home is safety, security, a family friendly community and good public schools for their children. FishHawk Ranch instantly comes to mind when I hear that from buyers. It usually takes about 5 minutes for buyers to realize the incredible lifestyle one is offered at FishHawk. Locals already know this! For years families in other communities around Tampa Bay have been selling their current homes to purchase their new home in FishHawk and to obtain the 33547 zip code! FishHawk Ranch, an award-winning, master-planned community in southeast Hillsborough County, has become a truly established hometown with a spirit all its own. New traditions are taking hold in each of the neighborhoods and throughout the community as residents come together at a myriad of social events and recreational activities. FishHawk Ranch has received national and statewide environmental and planning awards for its efforts to save and preserve trees during design, development and construction. These honors include a Grand Award from the National Arbor Day Foundation as the nation's top master-planned community, a Community Design Award of Excellence in Environmental Projects from the Hillsborough County Planning Commission, and a Future of the Region Development Award from the Tampa Bay Regional Planning Council. One-third of the community will remain conservation and open space. Moreover, the community is bordered by 2,000 acres of county-owned nature preserve.
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Acreage: 3,000 acres (1,200 hectares) |
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Walking Trails: Soon to be one of the largest community trail systems in the United States, the trails at FishHawk Ranch expand for nearly 30 miles, featuring an abundance of creeks and streams, plants, trees and wildlife. Hand-laid to minimize the impact to existing plant and wildlife, the trails feature educational markers highlighting species along the way. |
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Aquatic club: Features a competition swimming pool, a lagoon pool with water slide, indoor and outdoor aerobics, playground, a massage room and a gathering room in the clubhouse. |
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Palmetto Club: A new reception hall perfect for weddings, anniversary parties, and special events. Features a 5,200 square foot ballroom that can be divided into three smaller rooms for more intimate gatherings. Spacious outdoor veranda and garden areas, a conference room, pre-function area, and catering kitchen all add to the versatility of the club. |
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Osprey Club: 5,400 square foot clubhouse includes state-of-the-art theatre with stadium seating, gathering room with kitchen, fully equipped gym, Junior-Olympic swimming pool and children's water playground, lighted tennis and basketball courts, playground and café. |
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Hawk Park: 40-acre community park features a 2,000 square foot clubhouse with a swimming pool, picnic area, a children's playground, lighted sports field, two lighted tennis and basketball courts, sand volleyball, a roller hockey court and a butterfly garden. |
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Park Square: At the heart of the community, Park Square Town Center offers 30,000 square feet of specialty shops and offices, including a YMCA-Express and New Home Information Center. Adjacent to the shops is a 2-acre park that boasts dancing fountains, an outdoor living room with fireplace and plasma screen tv, and a performance area and broad lawn for concerts, art shows and theatre presentations. |
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Education: On-site A-rated schools, include Bevis Elementary, FishHawk Creek Elementary, Randall Middle School, and Newsome High School; also two on-site Early Learning Centers. |
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Location: Located in Southeastern Hillsborough county, one of Florida's fastest-growing regions; close to surrounding areas of Tampa, St. Petersburg, Sarasota, Bradenton and Orlando, with easy access to Interstate 75. |
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Garden District: A neo-traditional neighborhood with single-family and estate homes, townhomes and condominiums built around a town center composed of shops, restaurants and service-oriented businesses. Homes are priced from the $200,000's to more than $1 million including homesite. |
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Homes: Townhomes, luxury condominiums,single-family, executive and estate homes are priced from the low $100's to more than $1 million including homesite. |
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Fine Homes Specialist specializing in Lithia, Valrico, Riverview and Brandon Real Estate, Coporate Relocation preferred agent, Military PCS Specialist.
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