If you are like anyone today, you believe there are fabulous deals in real estate, and all you have to do is FIND them.
Yes, Virginia, there are deals in real estate, especially if you have cash, and a terrific credit score.
Let's look at the online auction in Jacksonville, since so many buyers believe auctions are where the REAL deals are.
For the date of 6/9/09, there were a total of 40 auctions schedule on the online auction site:
Of these, 21 were canceled PRIOR to the auction, either by court order, the attorney, or the plaintiff. So, over 50% of the available auction properties were canceled. That's a fairly high percentage, and as you can imagine, if you had your eyes on one particular home that was canceled, you'd be frustrated.
When will that home be re-scheduled for auction, you ask? Good question - the plaintiff (owner) can petition the court for cancellations and continue to postpone the sale; not forever, but I have heard of some cases that have languished on for a very long time.
Many times, however, if there are bidders interested in a property for a "steal", it's good to keep in mind the bank has bidders themselves, to protect their interests. They may have lent $1,500,000 on the house, and they will not sell it for $500,000 - without at least trying to do so themselves. So remember, you are bidding against the bank.
If you are interested in purchasing a foreclosure, investment property, or first home, please contact me to help you navigate the process. I will help you find the homes that fit your needs, budget and financing.
Carol Zingone is a Broker Associate with living and working in Jacksonville Beach, FL with Prudential Network Realty. She helps buyers and sellers throughout the Beaches, Intracoastal West and Greater Jacksonville, FL areas. She can be reached at 904/993-9048 or via email at carolzingone@clearwire.net
If you are like anyone today, you believe there are fabulous deals in real estate, and all you have to do is FIND them.
Yes, Virginia, there are deals in real estate, especially if you have cash, and a terrific credit score.
Let's look at the online auction in Jacksonville, since so many buyers believe auctions are where the REAL deals are.
For the date of 6/9/09, there were a total of 40 auctions schedule on the online auction site:
Of these, 21 were canceled PRIOR to the auction, either by court order, the attorney, or the plaintiff. So, over 50% of the available auction properties were canceled. That's a fairly high percentage, and as you can imagine, if you had your eyes on one particular home that was canceled, you'd be frustrated.
When will that home be re-scheduled for auction, you ask? Good question - the plaintiff (owner) can petition the court for cancellations and continue to postpone the sale; not forever, but I have heard of some cases that have languished on for a very long time.
Many times, however, if there are bidders interested in a property for a "steal", it's good to keep in mind the bank has bidders themselves, to protect their interests. They may have lent $1,500,000 on the house, and they will not sell it for $500,000 - without at least trying to do so themselves. So remember, you are bidding against the bank.
If you are interested in purchasing a foreclosure, investment property, or first home, please contact me to help you navigate the process. I will help you find the homes that fit your needs, budget and financing.
Carol Zingone is a Broker Associate with living and working in Jacksonville Beach, FL with Prudential Network Realty. She helps buyers and sellers throughout the Beaches, Intracoastal West and Greater Jacksonville, FL areas. She can be reached at 904/993-9048 or via email at carolzingone@clearwire.net
If you are like anyone today, you believe there are fabulous deals in real estate, and all you have to do is FIND them.
Yes, Virginia, there are deals in real estate, especially if you have cash, and a terrific credit score.
Let's look at the online auction in Jacksonville, since so many buyers believe auctions are where the REAL deals are.
For the date of 6/9/09, there were a total of 40 auctions schedule on the online auction site:
Of these, 21 were canceled PRIOR to the auction, either by court order, the attorney, or the plaintiff. So, over 50% of the available auction properties were canceled. That's a fairly high percentage, and as you can imagine, if you had your eyes on one particular home that was canceled, you'd be frustrated.
When will that home be re-scheduled for auction, you ask? Good question - the plaintiff (owner) can petition the court for cancellations and continue to postpone the sale; not forever, but I have heard of some cases that have languished on for a very long time.
Many times, however, if there are bidders interested in a property for a "steal", it's good to keep in mind the bank has bidders themselves, to protect their interests. They may have lent $1,500,000 on the house, and they will not sell it for $500,000 - without at least trying to do so themselves. So remember, you are bidding against the bank.
If you are interested in purchasing a foreclosure, investment property, or first home, please contact me to help you navigate the process. I will help you find the homes that fit your needs, budget and financing.
Carol Zingone is a Broker Associate with living and working in Jacksonville Beach, FL with Prudential Network Realty. She helps buyers and sellers throughout the Beaches, Intracoastal West and Greater Jacksonville, FL areas. She can be reached at 904/993-9048 or via email at carolzingone@clearwire.net
This data is from March & April 2009, and details an improving real estate market. Pairing this with the recent news that California has seen 3 months of increasing sales, and the picture starts to look much better than what the doom & gloom media have been saying.
Florida existing home sales rose in April for the eighth consecutive month. Here are city by city numbers fo single family homes:
City Percent increase April 08/April 09
The majority of these cities have impressive year over year sales increases leading all involved to believe the state is reaching and may have well reached bottom, and inching up.
Now is the time to get moving in on the great pricing, and the fabulous homes for sale in Jacksonville, and use your $8K first time homebuyer tax credit. Contact me to get the process started!
Carol Zingone is a Broker Associate with a 100% Customer Satisfaction Rating in Jacksonville Beach, FL with Prudential Network Realty. She helps buyers and sellers throughout the Beaches, Intracoastal West and Greater Jacksonville, FL areas. She can be reached at 904/993-9048 or via email at carolzingone@clearwire.net
This data is from March & April 2009, and details an improving real estate market. Pairing this with the recent news that California has seen 3 months of increasing sales, and the picture starts to look much better than what the doom & gloom media have been saying.
Florida existing home sales rose in April for the eighth consecutive month. Here are city by city numbers fo single family homes:
City Percent increase April 08/April 09
The majority of these cities have impressive year over year sales increases leading all involved to believe the state is reaching and may have well reached bottom, and inching up.
Now is the time to get moving in on the great pricing, and the fabulous homes for sale in Jacksonville, and use your $8K first time homebuyer tax credit. Contact me to get the process started!
Carol Zingone is a Broker Associate with a 100% Customer Satisfaction Rating in Jacksonville Beach, FL with Prudential Network Realty. She helps buyers and sellers throughout the Beaches, Intracoastal West and Greater Jacksonville, FL areas. She can be reached at 904/993-9048 or via email at carolzingone@clearwire.net
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