We list homes in the local My Florida Regional MLS that services all of Central/Mid Florida including Imperial Polk County, Florida. Our MLS listing service provides you exposure to all of the thousands of Realtors in the Central Florida area as well as millions of buyers via the internet and websites like Realtor.com, MyFloridaHomesMLS.com, and hundreds of other sites. Additionally we can provide you a free price analysis to determine your home's value, as well as provide marketing tips, and a professional For Sale sign all for a super low price. If you do want our upgraded Deluxe Plan, we will provide you a Realtor electronic lockbox, a professional 360 virtual tour, and post your listing onto FSBO sites like Craigslist and Postlets.
Polk County covers the cities and areas of Winter Haven, Lakeland, Haines City, Bartow, Lake Wales, Davenport, Polk City, Auburndale, Frostproof, Babson Park, Eagle Lake, Fort Meade, and Dundee, Poinciana, Champions Gate, Kissimmee, Mulberry, and Plant City. Four Corners, Gibsonia, Loughman, 4 Corners, Lake Hamilton, and Lake Alfred. Our firm also covers the rest of Central Florida from Daytona Beach to Orlando to Tampa and a total of 29 Florida counties.
For more details on pricing and services check out our Frequently Asked Questions webpage or simply give the Sand Dollar office a phone call.
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(Copyright © 2009. Sand Dollar Realty Group, Inc. All rights reserved.)
Subscribe to my blog via RSS feed. Follow me on Twitter and Facebook.
Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.
ABR, CPL, CRB, CSP, GRI, Managing real estate broker, Notary Public
407-389-7318 / 1-877-389-7318 www.SDRhouses.com We Buy Houses Florida
We sell foreclosures, short sales, and bank owned REO properties throughout Central Florida. We sell and list Central Florida real estate and Orlando real estate. Free list of foreclosure and short sale houses available.
I also provide flat fee MLS listings, For Sale By Owner, and menu-based services in most parts of Central & South Florida, the Space Coast, and the Treasure Coast including Orlando, Winter Park, Maitland, Ocoee, Winter Garden, Apopka, Altamonte Springs, Casselberry, Longwood, Winter Springs, Oviedo, Lake Mary, Sanford, Deltona, Debary, Deland, Mount Dora, Eustis, Clermont, Kissimmee, Winter Haven, Lakeland, Tampa, Sarasota, Bradenton, Miami-Dade, Fort Lauderdale, West Palm Beach, Port Saint Lucie, Melbourne, Daytona Beach, Ocala, Gainesville, Palatka, Jacksonville, Volusia, Brevard, and more.
We list properties in the local MLS that services all of Central Florida including Lake County, Florida. Our MLS listing service provides you exposure to all of the thousands of Realtors in the Central Florida area as well as millions of buyers via the internet and websites like Realtor.com, MyFloridaHomesMLS.com, and hundreds of other sites. Additionally we can provide you a free price analysis to determine your home's value, as well as provide marketing tips, and a professional For Sale sign all for a super low price. If you do want our upgraded Deluxe Plan, we will provide you a Realtor electronic lockbox, a professional 360 virtual tour, and post your listing onto FSBO sites like Craigslist and Postlets.
Lake County covers the cities and areas of Mount Dora, Sorrento, Tavares, Eustis, Umatilla, Altoona, Paisley, Leesburg, Fruitland Park, Lady Lake, Clermont, Montverde, Minneola, Groveland, Mascotte, Astatula, Howey In The Hills, Grand Island, Mount Plymouth, Astor Park, and other nearby areas. Our firm also covers the rest of Central Florida from Daytona Beach to Orlando to Tampa and a total of 29 Florida counties.
For more details on pricing and services check out our Frequently Asked Questions webpage or simply give our office a call.
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(Copyright © 2009. Sand Dollar Realty Group, Inc. All rights reserved.)
Subscribe to my blog via RSS feed. Follow me on Twitter and Facebook.
Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.
ABR, CPL, CRB, CSP, GRI, Managing real estate broker, Notary Public
407-389-7318 / 1-877-389-7318 www.SDRhouses.com We Buy Houses Florida
We sell foreclosures, short sales, and bank owned REO properties throughout Central Florida. We sell and list Central Florida real estate and Orlando real estate. Free list of foreclosure and short sale houses available.
I also provide flat fee MLS listings, For Sale By Owner, and menu-based services in most parts of Central & South Florida, the Space Coast, and the Treasure Coast including Orlando, Winter Park, Maitland, Ocoee, Winter Garden, Apopka, Altamonte Springs, Casselberry, Longwood, Winter Springs, Oviedo, Lake Mary, Sanford, Deltona, Debary, Deland, Mount Dora, Eustis, Clermont, Kissimmee, Winter Haven, Lakeland, Tampa, Sarasota, Bradenton, Miami-Dade, Fort Lauderdale, West Palm Beach, Port Saint Lucie, Melbourne, Daytona Beach, Ocala, Gainesville, Palatka, Jacksonville, Volusia, Brevard, and more.
My Florida state representative Scott Plakon emailed out an alert yesterday about this new resolution that just got introduced into the Florida House. Florida HM19.
The resolution reaffirms that the people of the State of Florida do have sovereign rights granted under the 10th Amendment to the U.S. Constitution as listed in the Bill of Rights.
"The powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people."
Granted that Congress, the Office of the President, and the Supreme Court have for decades continued to trample over these rights and overreach their bounds by asserting the Commerce Clause of the Constitution, but non-the-less the 10th Amendment is still part of our governing documents.
They are trying to get at least 1000 signatures on this resolution by the end of the weekend and are already at 700 something as I write this. On this Independence Day I kindly request that if you live in Florida to please take a moment of your time to put your name on this resolution. And even if you read this after the 4th of July, please sign on to it anyway. We The People need all the help we can get to protect us from the radicals in Washington.
Many other states have passed similar resolutions recently. Here is a quick list. I don't know how much good this will necessarily do. However the louder and greater in number our voices are, the more Washington will listen.
Here is the website to sign the resolution.
Happy 4th of July to you and your family! God Bless America!
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(Copyright © 2009. Sand Dollar Realty Group, Inc. All rights reserved.)
Subscribe to my blog via RSS feed. Follow me on Twitter and Facebook.
Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.
ABR, CPL, CRB, CSP, GRI, Managing real estate broker, Notary Public
407-389-7318 / 1-877-389-7318 www.SDRhouses.com We Buy Houses Florida
We sell foreclosures, short sales, and bank owned REO properties throughout Central Florida. We sell and list Central Florida real estate and Orlando real estate. Free list of foreclosure and short sale houses available.
I also provide flat fee MLS listings, For Sale By Owner, and menu-based services in most parts of Central & South Florida, the Space Coast, and the Treasure Coast including Orlando, Winter Park, Maitland, Ocoee, Winter Garden, Apopka, Altamonte Springs, Casselberry, Longwood, Winter Springs, Oviedo, Lake Mary, Sanford, Deltona, Debary, Deland, Mount Dora, Eustis, Clermont, Kissimmee, Winter Haven, Lakeland, Tampa, Sarasota, Bradenton, Miami-Dade, Fort Lauderdale, West Palm Beach, Port Saint Lucie, Melbourne, Daytona Beach, Ocala, Gainesville, Palatka, Jacksonville, Volusia, Brevard, and more.
Wow! It's hard to believe that 2009 is halfway over already. June is behind us and it was yet another great month. Our office recorded 33 sales last month which makes it the best month so far this year. Lots of great deals changed hands last month so don't miss out on yours. First time buyers can get $8,000 in tax credit money if they buy before 12/1/2009.
167 Villa Di Este Terrace 410 Georgia Avenue 11812 Via Lucerna Circle
1. 501 Pine Bark Ct, Kissimmee, FL 34758. This Poinciana special was a 3/2/2 with a pool in great condition. It sold for a short sale in record time. 39 days from listing to contract and only 72 days total to get it approved by the short saling bank and closed. $85,000 - that's a great price for a decent sized pool home.
2. 167 Villa Di Este Terrace #205, Lake Mary, FL 32746. This one was something else. Upstairs condo, big unit 3/2/2 in perfect shape, bank owned foreclosure. I actually was on vacation last week when this offer came in. The buyer's agent was in a hurry in order to get the sales bonus and was able to get it closed in just 6 days to make the end of the month deadline. What a steal this was - at the top of the market this unit sold for over $400,000 - sold last week for $69,900.
3. 5507 Stull Avenue, Orlando, FL 32810. 3 bed/3 bath with a pool. Another short sale deal located just north of College Park. This one took a while to get closed, but patience and persistence paid off. And the important thing is that this SHORT SALE did close. $99,000.
4. 410 Georgia Avenue, Longwood, FL 32750. Another 3/2/2 block home. What a story we had on this short sale. We had this listing for nearly 10 months and I give a lot of credit for the listing agent for hanging in there and really working the deal. The property went to auction at the end of April, but the listing agent was still able to convince the bank to hold off recording the certificate of title (deed finalizing the foreclosure) while she worked the short sale. In June we were able to get the property sold to a new buyer for $139,000 and the bank vacated the foreclosure sale. Pretty cool !
5. 11812 Via Lucerna Circle, Windermere, FL 34786. Bank owned foreclosure. Fabulous newer home 3/2/2 in coveted location. Just look at the photo above. What would something like that go for in Windermere? The bank dumped it for just $193,500.
If you are looking to buy or sell a property, please contact myself or one of the Realtors with our firm. Why deal with the rest when you can deal with the best? Our Realtors are experts in Central Florida foreclosures and investments.
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(Copyright © 2009. Sand Dollar Realty Group, Inc. All rights reserved.)
Subscribe to my blog via RSS feed. Follow me on Twitter and Facebook.
Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.
ABR, CPL, CRB, CSP, GRI, Managing real estate broker, Notary Public
407-389-7318 / 1-877-389-7318 www.SDRhouses.com We Buy Houses Florida
We sell foreclosures, short sales, and bank owned REO properties throughout Central Florida. We sell and list Central Florida real estate and Orlando real estate. Free list of foreclosure and short sale houses available.
I also provide flat fee MLS listings, For Sale By Owner, and menu-based services in most parts of Central & South Florida, the Space Coast, and the Treasure Coast including Orlando, Winter Park, Maitland, Ocoee, Winter Garden, Apopka, Altamonte Springs, Casselberry, Longwood, Winter Springs, Oviedo, Lake Mary, Sanford, Deltona, Debary, Deland, Mount Dora, Eustis, Clermont, Kissimmee, Winter Haven, Lakeland, Tampa, Sarasota, Bradenton, Miami-Dade, Fort Lauderdale, West Palm Beach, Port Saint Lucie, Melbourne, Daytona Beach, Ocala, Gainesville, Palatka, Jacksonville, Volusia, Brevard, and more.
This is the final article of this series on strategies for purchasing the best deals on these bank owned foreclosure properties. There are still a ton of these REO homes for sale in Central Florida and another big wave of foreclosures is on the horizon. In this article, I will discuss strategies on getting your offers accepted.
In Part 5 of this series someone posted a question on the blog about multiple offer situations and not being able to get their strong offer accepted. One thing to always keep in mind is that investing in real estate is all about the numbers. It's a numbers game. Often times I've looked at 100 properties (not physically, but at least quickly on paper or the computer) and narrowed it down to maybe 15 or so and then made offers on all or most of those to get 1-2 properties accepted. Just make enough of the right offers on the right properties and sooner or later something good will happen. How I make those offers is a subject for another day. Enjoy reading ...
The Tricks and Traps of Buying bank owned REO properties - Part 1
The Tricks and Traps of Buying bank owned REO properties - Part 2
The Tricks and Traps of Buying bank owned REO properties - Part 3
The Tricks and Traps of Buying bank owned REO properties - Part 4
The Tricks and Traps of Buying bank owned REO properties - Part 5
When making low offers or when competing in a multiple offer situation, it is important to keep the offer as clean and free from contingencies as possible. Banks want to see short inspection periods (or no inspection period), short closing dates, big earnest money deposits, and proof of cash to close or the ability to obtain financing. An all cash offer is certainly more acceptable to a bank then an offer with financing. But especially on the prettier homes that do not need a bunch of repairs, banks know that most of the buyers will need to obtain conventional or FHA financing. In spite of the as-is-where-is, no repair contracts they make you sign, banks will make repairs on occasion to get a property into financeable condition if the appraisal or W.D.O. inspection (a/k/a termite inspection) comes back with issues. It is all a matter of negotiation. Remember, the banks want to see these properties sold too.
The dollar amount that the bank nets (price - closing costs, repairs, etc.) is normally the most important factor in accepting an offer. However banks also place weight on the strength of the offer. Thus if your offer is lower but is all cash with a short closing date and big earnest money deposit, they will sometimes give your offer stronger consideration then they will a higher priced offer that has a longer closing date and a financing contingency. A sure way not to get your offer accepted is to put in oddball contingencies or terms like a closing date of more than 45 days for a financed offer or more than 21 days for a cash offer, an inspection period of more than 7 days, contingent on someone else's approval (attorney, partner, etc.), contingent on the sale of another home, or an earnest money deposit under $1,000 for a financed offer or under 5% of the purchase price for a cash offer.
One last big factor with getting offers accepted is the listing Realtor® themselves. While the listing Realtor ® certainly does not have the final decision, they can often be a strong influence on the asset manager. Some listing Realtors ® do a great job and some do an awfully rotten job in selling their REO's. If you have a buyer's agent experienced in selling REO's, they can often tell you which listing Realtors ® are good to deal with and which ones are terrible to deal with. The best thing of all is that buyer's agents normally cost you nothing. Their commission is paid for by the seller at closing.
An example - in March I had an on-site auction on one of my REO listings. The property was listed in the MLS at $129,900 which was overpriced. The auctioneer had a reserve price of $110,000. We had several bidders at the auction and the highest price was a $63,000 cash offer. Since this was the highest offer that came in, I convinced the bank's auctioneer to allow me to write it up and submit it to them anyway. I also put together several recent detailed comparables and submitted them with the offer. The bank dragged their feet for about 2 weeks, but with a lot of pleading from me and the auctioneer we were able to get them to accept the $63,000 offer. The only reason the bank accepted this offer is because of the aggressive offer package that we put together to convince the bank to take it.
Hopefully this series on REO's has been beneficial to you. REO's will continue to dominate the Central Florida marketplace for the next 2-3 years as more and more short sale and loan modification attempts fail to stop the foreclosure. If I can be of assistance in helping you negotiate a deal or simply giving you a little advice, please do not hesitate to contact me.
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(Copyright © 2009. Sand Dollar Realty Group, Inc. All rights reserved.)
Subscribe to my blog via RSS feed. Follow me on Twitter and Facebook.
Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.
ABR, CPL, CRB, CSP, GRI, Managing real estate broker, Notary Public
407-389-7318 / 1-877-389-7318 www.SDRhouses.com We Buy Houses Florida
We sell foreclosures, short sales, and bank owned REO properties throughout Central Florida. We sell and list Central Florida real estate and Orlando real estate. Free list of foreclosure and short sale houses available.
I also provide flat fee MLS listings, For Sale By Owner, and menu-based services in most parts of Central & South Florida, the Space Coast, and the Treasure Coast including Orlando, Winter Park, Maitland, Ocoee, Winter Garden, Apopka, Altamonte Springs, Casselberry, Longwood, Winter Springs, Oviedo, Lake Mary, Sanford, Deltona, Debary, Deland, Mount Dora, Eustis, Clermont, Kissimmee, Winter Haven, Lakeland, Tampa, Sarasota, Bradenton, Miami-Dade, Fort Lauderdale, West Palm Beach, Port Saint Lucie, Melbourne, Daytona Beach, Ocala, Gainesville, Palatka, Jacksonville, Volusia, Brevard, and more.
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Full service and investor-friendly Realtor - Sand Dollar Realty Group. Serving Central Florida / metro Orlando for rentals, foreclosures, short sales, REO, wholesaling, creative finance & flat fee MLS
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