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Searching for REO'S

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Well after 2 weeks of searching for a condo for under $40,000 for my snow bird friends,from Realtor.com  We found the perfect one. Located in South Daytona,Florida.  Bristol Bay is complex that has had some issues, but is being turned around by a few investors.  Just like any other condo complex that paid $200k in 2006, several owners decided to "Let it go". This is great for my buyers and investors. This condo is a 2 bedroom,2 bathroom,with a screen room, around 1100 Sq ft,nice shaded backyard,close to the pool,and close to the entrance. Another plus,ground floor unit for my retired friends.  The unit comes on the market on April 14, 2010 at 3 AM. I showed  it at 10AM, and my guys loved it. We put a very strong offer over asking price($33,000).  I spoke to the listing agent at 1215PM. They told me they had two offers already, but hadn't submitted anything yet. Great, we have a shot at this.  I get POF(proof of funds) from my snow bird wanna be's.  Take the offer to agent personal(hand deliver) at 1230PM.  I tell my buyers this is a no brainer ,we should be the highest offer. Just wait for my call.  I get a call at 130PM,the same day from the agent telling me the bank accepted another offer. WHAT!!  That is the fastest acceptance I have ever heard about!!  And the offer was just over list price!  So I drag my tail behind me and go call my buyers.  They couldn't believe it, of course. It really depends on the listing agent and how they handle the listing. They should have submitted all three offers to the bank,not sure why they didn't? Maybe they had their own buyer? That would be my guess. Anyway ,after the annoyance wore off, me and my buyers were searching again. This time from Ohio. Hopefully, they will be back down soon, so we can find them a resting place.  In this crazy market, you will lose some bids on REO's and short sales, it hurts a little,but not for long!

Related Real Estate Listings

South Daytona Commercial/industrial For Sale View Full Details Photos Make Offer Request Showing Save ListingAsk Question

ROLLOVER TO VIEW 5 PHOTOS MLS #527686 Source: Daytona Beach Area Association of REALTORS | 2287 Ridgewood Ave, Attached, Commercial Real Estate For Sale, South Daytona 2287 Ridgewood Ave South Daytona, FL 32119 944 sf of second generation space. landlord may be willing to help with build-out. Low interest financing available. Get Pre-Qualified Top Features: for sale , Lot SQFT: 944sqft , Built in  1977

South Daytona Commercial/industrial For Sale View Full Details Photos Make Offer Request Showing Save ListingAsk Question

ROLLOVER TO VIEW 4 PHOTOS MLS #527689 Source: Daytona Beach Area Association of REALTORS | 2137 Ridgewood Ave, South Daytona, Unit may be divided into two 1,000... 2137 Ridgewood Ave South Daytona, FL 32119 Unit may be divided into two 1, 000 SF units. Currently address is 2137/2139 S. Ridgewood. Price shown is for 1, 000 SF. Great Location along busy South Ridgewood. Low interest financing available. Get Pre-Qualified Top Features: for sale , Lot SQFT: 2000sqft , Built in  1977

South Daytona Commercial/industrial For Sale View Full Details Photos Make Offer Request Showing Save ListingAsk Question

ROLLOVER TO VIEW 2 PHOTOS MLS #527693 Source: Daytona Beach Area Association of REALTORS | 2277 Ridgewood Ave, Attached, South Daytona, Commercial Property For Sale 2277 Ridgewood Ave South Daytona, FL 32119 940 sf at 2277 s. ridgewood. price / sf is $7.50 very reasonably priced; good traffic count - approx 39, 200 cars per day. Low interest financing available. Get Pre-Qualified Top Features: for sale , Lot SQFT: 940sqft , Built in  1977

South Daytona Commercial/industrial For Sale View Full Details Photos Make Offer Request Showing Save ListingAsk Question

ROLLOVER TO VIEW 2 PHOTOS MLS #527695 Source: Daytona Beach Area Association of REALTORS | 2281 Ridgewood Ave, Attached, Great location along busy s. ridgewood.... 2281 Ridgewood Ave South Daytona, FL 32119 Great Location along busy S. Ridgewood. Landlord may be willing to assist w. buildout Traffic Count approx 39, 200 per day. Low interest financing available. Get Pre-Qualified Top Features: for sale , Lot SQFT: 940sqft , Built in  1977

$3.00 per sqft South Daytona Commercial/industrial For Sale View Full Details Photos Make Offer Request Showing Save ListingAsk Question

ROLLOVER TO VIEW 3 PHOTOS MLS #453869 Source: Daytona Beach Area Association of REALTORS | 3100 Ridgewood Ave. Unit 130, South Daytona, Commercial Real Estate For Sale, Unit 130 - 13,440 sf... 3100 Ridgewood Ave. Unit 130 South Daytona, FL 32119 Price reduced $6.00 since 10/20/09, NOW $3.00 | Unit 130 - 13, 440 sf office and production space on first floor; will divide. loading dock, elevator, ample parking. $2.85 nnn plus cam, taxes and insurance of $0.95/sf. available for purchase $336, 000. Low interest financing available. Get Pre-Qualified Top Features: for sale , Built in  1985

$3.00 per sqft South Daytona Commercial/industrial For Sale View Full Details Photos Make Offer Request Showing Save ListingAsk Question

ROLLOVER TO VIEW 2 PHOTOS MLS #453871 Source: Daytona Beach Area Association of REALTORS | 3100 Ridgewood Ave. Unit 160, Commercial Real Estate For Sale, 2004 sf office-unit 160:... 3100 Ridgewood Ave. Unit 160 South Daytona, FL 32119 Price reduced $6.00 since 10/20/09, NOW $3.00 | 2004 sf office-unit 160: great visibility! plate glass windows provide abundant natural lighting. private business entrance faces parking lot for easy access. office includes private restroom facility and ample parking. $2.85/sf nnn plus cam, ... Low interest financing available. Get Pre-Qualified Top Features: for sale , Built in  1985

$3.00 per sqft South Daytona Commercial/industrial For Sale View Full Details Photos Make Offer Request Showing Save ListingAsk Question

ROLLOVER TO VIEW 2 PHOTOS MLS #453874 Source: Daytona Beach Area Association of REALTORS | 3100 Ridgewood Ave. Unit 170, Commercial Property For Sale, 7,200 sf flex space with 25` high... 3100 Ridgewood Ave. Unit 170 South Daytona, FL 32119 Price reduced $2.00 since 10/20/09, NOW $3.00 | 7, 200 sf flex space with 25` high warehouse and 3, 200 sf 12` high flex space-unit 170. includes private office, private restroom facility and roll up door. for a grand total of 10, 400 sf. $2.85/sf nnn plus cam, taxes and insurance of $0.95/sf. ... Low interest financing available. Get Pre-Qualified Top Features: for sale , Built in  1985

$3.00 per sqft South Daytona Commercial/industrial For Sale View Full Details Photos Make Offer Request Showing Save ListingAsk Question

ROLLOVER TO VIEW 5 PHOTOS MLS #458197 Source: Daytona Beach Area Association of REALTORS | 3100 Ridgewood Ave. Unit 200, South Daytona, Commercial Listing For Sale, 18,280 sf space on... 3100 Ridgewood Ave. Unit 200 South Daytona, FL 32119 Price reduced $6.00 since 10/20/09, NOW $3.00 | 18, 280 sf space on second floor of building. two-story lobby and elevator provide a dramatic entry. ample parking. new roof. space can be combined or divided depending on tenant?s needs. join food supply, americrown and se panel as the next ... Low interest financing available. Get Pre-Qualified Top Features: for sale , Lot SQFT: 18280sqft , Built in  1985

$3.00 per sqft South Daytona Commercial/industrial For Sale View Full Details Photos Make Offer Request Showing Save ListingAsk Question

ROLLOVER TO VIEW 6 PHOTOS MLS #478470 Source: Daytona Beach Area Association of REALTORS | 3100 Ridgewood Ave. Unit #180, Converted Residence, South Daytona, Commercial Listing For Sale 3100 Ridgewood Ave. Unit #180 South Daytona, FL 32119 Price reduced $2.00 since 10/20/09, NOW $3.00 | Available for immediate occupancy! Unit #180 contains warehouse and production space, support staff offices, private restrooms totalling 29, 280 sf.Unit #180 is available to purchase for $732, 000. Low interest financing available. Get Pre-Qualified Top Features: for sale , Lot SQFT: 29280sqft , Built in  1985

$3.00 per sqft South Daytona Commercial/industrial For Sale View Full Details Photos Make Offer Request Showing Save ListingAsk Question

ROLLOVER TO VIEW 5 PHOTOS MLS #478614 Source: Daytona Beach Area Association of REALTORS | 3100 Ridgewood Ave. Unit 190, 30,600 sf warehouse with 24' ceiling;... 3100 Ridgewood Ave. Unit 190 South Daytona, FL 32119 Price reduced $2.00 since 10/20/09, NOW $3.00 | 30, 600 sf warehouse with 24' ceiling; two (2) dock high doors; five (5) rail access doors with dedicated spur; one (1) drive-in door. $2.85sf nnn $0.95 cam. unit available for purchase $765, 000. Low interest financing available. Get Pre-Qualified Top Features: for sale , Lot SQFT: 30600sqft , Built in  1985

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