buying foreclosure home | buying foreclosure homes
Wendy Morris Presents:
The Florida Dream
Wendy Morris Realty
Dr Phillips Luxury Real Estate
407 479-8583
Call Today!

Listing Search

Buying a Foreclosed Home 32819 | 32836 |Wendy Morris Realty Dr Phillips

NEXT
PREV

How do I buy a Foreclosed Home

The question one may ask, is buying a foreclosed home worth it? Most cases you can find the at an auction at very low prices. From buyer's experience it is best to buy directly from bank or auctions owned by the bank. Buying at auctions can be challenging if you are not familiar with the process. Auctions are sight unseen, do your homework and perform all the research that you possibly can. You must know someone that has bought at an auction or bank successfully to learn the tricks of the trade. 

These are called REO properties aka Real Estate Owned. These homes already traveled through the foreclosure streamline. It is suggested to use a home inspector if not buying at an auction. The unknown generally pops up without an inspection, I.E. Water leaks, roof condition, windows, air conditioner/heater or appliances not working properly.

Be careful before signing and presenting contract

Many things you should know before buying foreclosures.  A careful look at the property, comparable sold, and condition along with the above paragraph. Damages can quickly add up and these items must be accounted for.  Remember, you may never know what you are getting provided you purchase around an auction, performs walk thru and use a home inspector. Be prepared for some repairs and count up the cost! 

It may take you several attempts to find the right home to meet your numbers to include repairs and return on investment if you plan to rent the home out. Many are out there so please take your time! If you are buying  this home for your first home, this can be challenging. If you are buying cash there will be no barriers in way versus banks lending standards. Banks has red tape laws at home must past when financing. Typically, all floors need to be tiled or carpeted, roof in good condition, appliances working, HVAC working. These are just some pointers to look for when making a purchase to your best interest.

As for searching for Orlando Florida Real Estate, I am one of the finest Central Florida Realtor's you can find! Call me today fast response 850 496-6412

Tips

Inspection

Knowledgable Realtor

Its your final decision

ROI

 

 

 

 
 

 

 
 


All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: | Stellar MLS (updated 7/7/20 8:31 PM)
Featured Listings
Orlando Real Estate
$104,900
1 BED
1 BATH
Beautifully Appointed Condominium at StaySky Suites, conveniently located in the heart of Orlando''s main tourist corri... Read More
Orlando Real Estate
$104,900
1 BED
1 BATH
Beautifully Appointed Condominium at Hawthorn Suites by Wyndham Lake Buena Vista, conveniently located just a few minut... Read More
Orlando Real Estate
$135,000
2 BED
2 BATH
Beautiful 2bd/2bth, two floor condo, in a well established condo community in the desirable Dr. Phillips school distri... Read More
Orlando Real Estate
$139,900
2 BED
2 BATH
Beautifully Appointed Condominium at The Enclave Hotel & Suites, conveniently located in the heart of Orlando''s main t... Read More
Orlando Real Estate
$159,900
2 BED
2 BATH
UNUSUAL OPPORTUNITY to own a 2 Bed / 2 Bath Condo-Hotel at StaySky Suites! This Fully Furnished Turn-Key Unit features U... Read More
Orlando Real Estate
$104,900
1 BED
1 BATH
Beautifully Appointed Condominium at StaySky Suites, conveniently located in the heart of Orlando''s main tourist corri... Read More
Orlando Real Estate
$148,900
2 BED
2 BATH
INVESTORS this is one of the best locations in Orlando. Minutes from all the attractions, I-4 and International Drive. ... Read More
Orlando Real Estate
$130,000
1 BED
1 BATH
Location and amenities! Recently updated 1bed/1bath ground floor condo with updated flooring, kitchen, and baths! Tuck... Read More
Orlando Real Estate
$298,500
3 BED
2 BATH
Location, Location, Location. Most desired location and community - Vista Cay. FULLY FURNISHED. FULLY REMODELED 3 bedr... Read More
Orlando Real Estate
$665,000
4 BED
3.5 BATH
Stunning single story home in highly sought after Torey Pines subdivision featuring a grand entryway, high ceilings, p... Read More
Contact Kevin Strawter

407 479-8583

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
14832 Speer Lake Drive
Winter Garden, FL 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2020 drphillips.info - all rights reserved. | Site Map | Buying a Foreclosed Home 32819 | 32836 |Wendy Morris Realty Dr Phillips