Two weeks ago I posted: Short Sale with PNC Bank looking for some help. I am here to report I got Zero! So I logged on to Short Sale Specialists and got a contact name and phone number for someone in the Short Sale department at PNC Bank. Well, I was informed that my file was complete and waiting for a BPO to be done. I also asked that the file be accelerated upon completion. Then I terminated the title company that was willing to just sit and wait for a fax notification that was never coming.
Today, I now have the approval letter after negotiating an amount that the sellers could handle. After farming out my files because of Short Sale burnout, I have learned that I need to be the negotiator as I am ultimately responcible for the success or failure on each transaction.
Thanks for all your help AR.
We are Short Sale Agents
We help Homeowners in
Kissimmee/Saint Cloud, Florida
www.ResidentTeam.com
We are Short Sale Agents
We help Homeowners in
Kissimmee/Saint Cloud, Florida
www.ResidentTeam.com
Kissimmee Investment Bank Owned Properties is the hottest segment of Central Florida. Why, Wald Disney World. Walt Disney World is still the #1 destination for visitors in the World! This endless supply of Bank Owned Foreclosures, Investors are flocking to the Sunshine State and landing in Kissimmee. With rents relatively unchanged, the drop in property values greatly enhances the return on investment for the investor.
We are currently seeing low inventory levels in Bank Owned Foreclosures with that expected to change at the start of 2012. I expect to see this trend continuing as the release of more Bank Owned Foreclosures is bound to decrease property values further.
We at Resident Team Realty LLC are proud to announce the launch of our new website www.ResidentInvestments.com to compliment our company site www.ResidentTeam.com.
Come see us and sign in for up to date real estate news and current Bank Owned Foreclosure listings for sale in the Kissimmee, Walt Disney World area, and Saint Cloud, Florida.
Buy Disney Holiday Villas
Orlando investment Properties
Near Walt Disney World
www.ResidentInvestments.com
We are Short Sale Agents
We help Homeowners in
Kissimmee/Saint Cloud, Florida
www.ResidentTeam.com
Osceola County Florida consists of two cities, Kissimmee and Saint Cloud. Currently there are 2806 single family homes on the market. 893 are traditional sale, 1641 are short sales, and 272 are Bank Owned Foreclosures.
In the month of June there were 393 single family homes sold. 141 were traditional sales, 124 were short sales, and 128 were Bank Owned Foreclosures.
What that means is, there is currently 7 months of inventory on the market. Broken down: 6.3 months of traditional sales, 13.2 months of Short Sales, and 2 months of Bank Owned Foreclosures.
Price wise, Bank Owned Foreclosures are the best value. At 2 months inventory, we are at a 3 year low on foreclosures available to purchase. These numbers are going to increase dramatically in the coming months.
If you are in the market to purchase a home, start paying attention as inventories are going to be increasing. Get in touch with us at Resident Team Realty LLC and we will help you get prepared when your perfect home comes on the market. These homes will be selling quickly as investors throughout the world are waiting to take advantage also.
Resident Team Realty LLC is an investors full service Broker as we can handle the Property Management after the sale.
Buy Disney Holiday Villas
Orlando investment Properties
Near Walt Disney World
www.disneyholidayrentalhomes.com
We are Short Sale Agents
We help Homeowners in
Kissimmee/Saint Cloud, Florida
www.ResidentTeam.com
While Kissimmee Florida has been reloading after the justice department punished Florida's top foreclosure attorneys, we are finally seeing the foreclosure process start up again in Kissimmee, Florida after an eight month foreclosure moratorium.
Inventories are at a three year low and there are not enough homes for the buyers. This is causing bidding wars again with foreclosure properties selling well above list price. That is not a problem since these properties are being listed 20% below appraised value. So, if you get a home and pay 10% over list price, it is still a discount. The savvy buyer understands this and they are the ones being successful in acquiring these homes.
The sheriff's auction has started to heat up and the retail side will follow. With an influx of homes heading to the market in the fall, expect prices to dip again. I have read speculation that the housing market could loose another 20% in value in 2012. I think these numbers are inflated. But there will be a dip. Unless the laws of inflation curve it upward. That won't be good either because that would affect more than the housing sector.
Contact Resident Team Realty LLC for up to date foreclosure lists. We are full service as we also manage the rental properties after the purchase. 407-301-0312
Buy Disney Holiday Villas
Orlando investment Properties
Near Walt Disney World
www.disneyholidayrentalhomes.com
We are Short Sale Agents
We help Homeowners in
Kissimmee/Saint Cloud, Florida
www.ResidentTeam.com
Purchasing a Bank Owned Foreclosure in Kissimmee or Saint Cloud, Florida has changed the way buying a house has been traditionally done. The list price is set below market to attract the most buyers. Then the buyers are given the opportunity to input their highest and best offer. Far too many buyers get stuck on the list price as they feel the seller (The Bank) should get nothing more. What the sellers are doing is trying to find the market price. The market price is the amount of money that the public is willing to pay for goods. After all, isn't that what value really is? And who knows what the public is really willing to pay until an offer is made.
So, the sellers are listing their homes below what they perceive is market value and allow the market to bid the house to the value the house is worth in the publics eyes. It is an auction on the free market. This isn't how traditionally homes are sold and buyers are still trying to use the old ways of negotiating with a seller that has to sell as the buyer holds all the cards. Remember, the negotiating is being done by a third party. They don't care if the home is sold or not, just as long as the market demonstrates that they are getting all they can get. This is determined by getting multiple offers and choosing the highest one.
Next time you put in an offer on a Bank Owned Foreclosure in the Kissimmee, Saint Cloud, Florida area, determine what the value is of the house and what is it worth to you to own it. Remember that the list price is not the bench mark, it"s just a starting bid.
Bank Owned Foreclosures
Great deals in Kissimmee
& Saint Cloud, Florida.Osceola County
www.OsceolaBankOwned.com
We are Short Sale Agents
We help Homeowners in
Kissimmee/Saint Cloud, Florida
www.ResidentTeam.com
Buy Disney Holiday Villas
Orlando investment Properties
Near Walt Disney World
www.disneyholidayrentalhomes.com
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I have the recipe to make home buying and selling a great experience. "See What's cooking in Central Florida Real Estate" Call today 407-301-0312 or visit me on the web @ www.residentteam.com
Visit www.ResidentTeam.com
I am currently working with families that are in pre-forclosure. I enjoy listing homes and working with families that are trying to buy a home. Call me! I can help you, it would be my pleasure.
Mark did more than anyone could. The Best!
" Mark was highly recommended by our children who purchased a home from him. Mark did more than anyone could, the best. Mark was courteous and listened to what we were looking for in our new home. When the opportunity arised, Mark notified us immediately and we purchased the home sight unseen. We were not disappointed."
"Anthony and Serafina Iadicicco"
"I would recommend Mark Horan anytime! He was very professional."
"Mark did an Excellent job as our Realtor. He was always available to contact. He worked out all of our issues with the seller for us. We did nothing. He believes he is there to serve you first and foremost. He is easy to talk to and he gives you as much assistance as he can. I would recommend Mark Horan anytime! He was very professional."
"Joseph and Kim Algero"
"His follow-up at & after settlement was exceptional"
"Enjoyed working with Mark and the end results. His follow-up at & after settlement was exceptional"
"Charles Mullen"
"Mark went above and beyond helping us find our home!"
"We found Mark on the internet. We met him at our first showing and liked him immediately. Our experience was positive! The buying transaction was simple for us- thanks to Mark's preparation. We have recommended him to our friends who may be doing the same as we did. Mark went above and beyond helping us find our home! His frequent calls (for 3 plus months) let us know he was really trying to find us the perfect place. And he did. Thank you Mark!
"John & Sharon Bargar"
" My lender was being difficult"
"My lender was being difficult and Mark took the time to developed a positive relationship which resulted in a successful short sale closing. Mark Horan is the most contentious Realtor I know!!""Michael and Tina Johnson"
"Fellt very comfortbale with Mark"
"Felt very comfortable with Mark while I was completeing my transaction. As a first time homebuyer Mark took the time to show me the ropes. I was never rushed or pushed around and felt very confident with Mark by my side. It was nice to know I have one more friend in this great community!"
"Shamus O'Marra"
Mark Horan certainly knows what he’s talking about
"Mark Horan certainly knows what he’s talking about when it comes to real estate. Being a REALTOR®, he has a keen sense and a unique perspective when it comes to the real estate market and the things that affect it, like mortgages. His expertise makes him the perfect resource for information about the upcoming legislature regarding the real estate market and loans."
" Realtor.com "
"I couldn't have received better service if I tried!"
I am also a Keller Williams associate, The Resident Team was highly recommended by Mark's Team Leader. Upon further conversation with Mark, I felt he was trust worthy and I had an excellent feel for the short sale process. I know that in every profession there is room for improvement, and areas to learn. However, in my instance I can honestly say, I couldn't have received better service if I tried!
"Sharyn Krim"
" extremely satisfied "
" We, Pereda Homes, Inc and Beverly Perez, are extremely satisfied with the quality of care we have received from Mark. We feel that he has had our best interests at heart and has been most helpful at every turn. We want to continue to work with Mark in securing other real estate because of his zeal and perseverance in finding property that fits our needs."
" Pereda Homes Inc. and Beverly Perez "
" Honesty"
" Honesty, Friendship, and Understanding. Mark has all the qualities and principals of a good Real Estate Salesman."
" Francisco and Romonita Hernandez "
" Mark cares "
" Mark cares about his clients, he was easily contacted, and he represents his clients property in a professional manner. The Best Real Estate Agent Ever"
" James and Birgetta Maus "
" My house sold in only 2 weeks "
" My house sold in only 2 weeks and closed in the same month. Things could not have been easier for us ! Thank you Mark, you are the best "
" Steve and Beth Maus "
" Thank you "
" Thank you for explaining everything to us in detail and giving us a perfect understanding of what was going on in selling our home."
"Your timely responses, thoroughness, and detailed plan were reassuring and you made our lives simpler. We could not have done it without you, Mark!"
"Steven and Marianne McAllister"
" Thank you Mark"
" Thank you Mark, our condominium sale proved to be a very pleasing experience. You were very professional in all dealings and were considerate enough to attend our closing."
"Jan and Erica Huet"
" The best "
" The best thing I can say about Mark is that he kept me appraised of everything. We had good communication."
" Joseph Hernandez "
" THE GREAT SAVE"
"MY WHOLE TRANSACTION ALMOST BLEW UP IN OUR FACES. BETWEEN MARK AND THE OTHER PEOPLE ON THE TEAM EVERYTHING PANNED OUT. MARK IS A VERY MOTIVATED AND KNOWLEDGEABLE!"
"JACOB MESSMORE"
"All our needs were met!"
"Mark and his Team were always prompt in replying to our emails and the team worked diligently to make our closing successful. Matthew the closing coordinator went above and beyond the call to make our transition into our new home a reality!"
"Frank and Judy Sacchetti"
"First Time Home Buyer"
"As A First Time Home Buyer, Mark Took The Time To Make Sure I Understood Everything About The Process. Mark Was Very Patient And Informative."
" Miriah Wells "
Second Property Sold !
"This is the second property Mark has sold in under 2 weeks. He was professional, curious, and knowledgeable about the real estate market"
"Clarine Wells"
Service was excellent.
"Mark was very helpful and empathized with my needs.
He kept me informed and up to date. He did not push me against my will, he worked with my needs."
"Andrine Ann Margaret Stanhope"
Mark did an Exceptional Job!
"Mark did an exceptional job in every sense. We have bought and sold a large number of homes in the past, and Mark did far better than any other Realtor we have worked with. We highly recomend him."
"Richard and Nancy Boss"
He showed me the home that met my expectations.
"I was unsure about the area T wanted to purchase in. Mark took me all over. When he knew what I was lookinh for, he showed me the home that met my expectations."
"Keith Harlan"
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