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Tampa Short Sales and Foreclosures.com
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Dan Turner REALTOR® Prudential Tropical Realty Office: (813) 949-000 Cell: (813) 928-2160 Toll Free: (800) 343-9049 Fax: (813-949-6505 Visit www.dt4realty.com Email |
| As a prospective home buyer, you have many options in your search to find an affordable home. One of those options today is the purchase of a home that has been foreclosed. Generally, a wide selection of homes, including single-family homes, condominiums, and town houses - located in a variety of neighborhoods throughout a community are available. The number, types, and the sales prices of housing may vary substantially. Many of these homes are relatively new; however, older homes are offered in some areas. Some homes may require repairs. Are there cautions to keep in mind when considering the purchase of a foreclosed home? Yes. You want to be sure that the condition of the property is accurately represented. If the property needs repair, you need to know the costs of those repairs, and whether the condition of the property will keep you from getting a mortgage loan to complete the sale. You also want the seller to be able to close the transaction in a timely manner and provide you with a clear title when you become the owner. What about costs? Every buyer's situation is different. Visit the For Home Buyers and Homeowners section of this Web site to help you decide if you are ready and can afford to buy a home and to inform you on how to make that dream a reality. In addition, you can "pre-qualify" for a mortgage with a local mortgage lender. The lender will assess your ability to pay for a home by calculating the monthly costs of homeownership and comparing them to your current income. How do I find out what homes are available for sale in my community? Homes are sold through local real estate brokers and are listed in the local Multiple Listing Service(MLS) accessible by any real estate broker. Contact me for more information and to find out what properties are available in your area. I've checked out some homes that look interesting, and I'm ready to make an offer on a particular home. What happens next? First, we'll present your offer to the listing broker who will present it to the seller for consideration. Through the listing broker, the seller may accept your offer, reject your offer, or make a "counter offer." This counter offer begins the process of negotiating for a selling price agreed to by both you and the seller. When the sales price is agreed upon, you will sign a "purchase and sales agreement" and begin the process of obtaining mortgage financing to purchase the home. To begin the process of searching for a property, just contact me and someone from my team will contact you. I look forward to assisting you with your purchase, and will work hard to earn your trust and referrals. |