Blog

5627 Touro Dr Port Orange FL

NEXT
PREV
Wed, May 16, 2012 at 11:40AM

When Brian asked me to find them a foreclosure to flip, I accepted the challenge. They got a bank owned 3/2 in a great neighbor hood for low $70's. Homes in good condition are selling for 40-50k more in the same area. In a few weeks we will put this home back on the market to sell. Be prepared when buying a foreclosure. The process is nothing like a regular home. First the paper work comes straight from an attorney and you need to be an attorney to read it. The bank accepts no responsibility for the home,which is typical. If you give a low ball offer it could take weeks to negotiate.(it once took me 3 weeks) Most banks wont accept less than 3% off asking price. Once you have a deal, most title companies are in other cities which adds to the frustration. They aren't in any hurry to close your deal! Your buyers agent will have to call them daily to get the ball rolling and stay on course for closing. You can get a great home that is bank owned ,but prepare your self and use a experienced agent like Carlos Ring.

Homes for sale Port Orange


Bookmark & Share



User Comments


Be the first to comment on this post below!


Previous Article

Popular tags on this blog

BEACHSIDE | best schools volusia county | buy a vacation home | buy Port Orange real estate | Carlos Ring | Condo | Daytona Beach | daytona beach luxury condos | Daytona Beach Shores | For Sale | invest in daytona beach real estate | INVESTMENT PROPERTY | Luxury Condominiums | Neighborhood | NEW CONSTRUCTION | Ocean front | Oceans Luxury Realty | Port Orange | Port Orange Home Search | Port Orange Neighborhood | REALTOR | Real Estate Agent | relocate to Florida | Rental Income | Sold | Volusia County |