Featured Property

  • 832 Delaware
    TALLAHASSEE, FL
    $80,000
    3 beds | 2 baths
  • 3519 Falcon
    TALLAHASSEE, FL
    $95,000
    2 beds | 1 baths
  • 6480 Joe Cotton
    TALLAHASSEE, FL
    $175,000
    3 beds | 2 baths
  • 713 W King
    QUINCY, FL
    $190,000
    4 beds | 2 baths
  • 1165 High Meadow
    TALLAHASSEE, FL
    $215,000
    3 beds | 2 baths
  • 10057 N Natural Wells
    TALLAHASSEE, FL
    $65,000
    3 beds | 2 baths
  • 8653 Oak Forest
    TALLAHASSEE, FL
    $159,900
    3 beds | 2 baths
  • XXXX Doerun
    HAVANA, FL
    $30,000
  • 5138 Grandview
    TALLAHASSEE, FL
    $235,000
    4 beds | 2 baths
  • 1183 Doerun
    HAVANA, FL
    $175,000
    3 beds | 2 baths
  • 3337 Jim Lee
    TALLAHASSEE, FL
    $119,000
    3 beds | 2 baths
  • 3337 Jim Lee
    TALLAHASSEE, FL
    $80,000
    3 beds | 2 baths
  • 1544 Pine Forest
    TALLAHASSEE, FL
    $135,000
    3 beds | 2 baths
  • 136 SUGAR PLUM DR
    TALLAHASSEE, FL
    $200,000
    3 beds | 2 baths
  • 3474 PACES FERRY
    TALLAHASSEE, FL
    $260,000
    4 beds | 2 baths
  • 3474 PACES FERRY
    TALLAHASSEE, FL
    $260,000
    3 beds | 2 baths
  • xxx W 0 LAKE HALL RD ~
    TALLAHASSEE, FL
    $79,500
  • lot 19 0 SHILOH CIR ~
    TALLAHASSEE, FL
    $85,000
  • lot 18 0 SHILOH CIR ~
    TALLAHASSEE, FL
    $85,000
  • 1322 TURKEY ROOST CT
    TALLAHASSEE, FL
    $600,000
    6 beds | 5 baths
  • 1638 OSPREY POINTE
    TALLAHASSEE, FL
    $258,000
    3 beds | 2 baths
  • 1 Ashley Park ---
    THOMASVILLE, GA
    $8,975,000
    7 beds | 6 baths
  • 3147 ORTEGA
    TALLAHASSEE, FL
    $235,000
    3 beds | 2 baths
  • 402 LOCKSLEY LN
    TALLAHASSEE, FL
    $250,000
    4 beds | 2 baths
  • 493 Beaver Lake Rd
    TALLAHASSEE, FL
    $196,500
    3 beds | 2 baths
  • 520 Carr
    TALLAHASSEE, FL
    $285,000
    3 beds | 2 baths
  • 1933 Maymeadow
    TALLAHASSEE, FL
    $135,000
    3 beds | 2 baths
  • 2633 NEUCHATEL DR
    TALLAHASSEE, FL
    $259,500
    3 beds | 2 baths
  • 4032 Remer
    TALLAHASSEE, FL
    $89,900
    2 beds | 2 baths
  • XXX Garrett
    HAVANA, FL
    $70,000
  • 6026 RICH FARM RD
    TALLAHASSEE, FL
    $185,000
    3 beds | 2 baths
  • 746 Gibson
    HAVANA, FL
    $250,000
    3 beds | 2 baths
  • xx Chimney
    TALLAHASSEE, FL
    $117,000
  • 3254 Allison Marie 0
    TALLAHASSEE, FL
    $67,500
    3 beds | 3 baths
  • 211 Nabb
    TALLAHASSEE, FL
    $234,900
    3 beds | 2 baths
  • 1733 N MERIDIAN
    TALLAHASSEE, FL
    $109,500
    2 beds | 1 baths
  • 1731 N MERIDIAN
    TALLAHASSEE, FL
    $109,500
    2 beds | 1 baths
  • 9351 ROSE
    TALLAHASSEE, FL
    $85,000
    3 beds | 2 baths
  • 428 W 8TH ---
    TALLAHASSEE, FL
    $190,000
    4 beds | 2 baths
  • 3126 HUTTERSFIELD CIR
    TALLAHASSEE, FL
    $79,500
    3 beds | 2 baths
  • 632 W Georgia ---
    TALLAHASSEE, FL
    $250,000
    6 beds | 6 baths
  • 2045 CANTIGNY
    TALLAHASSEE, FL
    $950,000
    5 beds | 5 baths
  • XXX W THARPE ---
    TALLAHASSEE, FL
    $225,000
  • 1915 Devra
    TALLAHASSEE, FL
    $145,000
    4 beds | 2 baths
  • 266 S VILLAS A,B
    TALLAHASSEE, FL
    $220,000
    5 beds | 3 baths
  • 1319 Lawndale Road
    TALLAHASSEE, FL
    $175,000
    3 beds | 2 baths

So You Want to Buy a Foreclosure

                                                                             April, 2016

I get numerous individuals telling me they want to find "that deal".  Many think foreclosures are the way to go to get "that deal".  So let me tell you a little about foreclosures.

First of all, the banks, or owners call the shots.  That means their contracts, addendums, policies take precedence over any contract locally.  Often times, it means a 10 day inspection period and sometimes it means other than inspections and financing there are no other possible contingencies for the buyer to even consider in getting their deposit funds back.

The banks (owners) have their real estate agents put the property on the market at "market" value.  This can mean that even if there is considerable work to be done on the house as far as cosmetics, for example, flooring, paint, appliances that the price may or may not reflect this.  Just like any seller wants to get as much for their property as they can, so do the banks.

Some potential differences though are that some of the banks (not Fannie Mae, HUD) but actual banks depending on how many properties they are holding and how many they have on the books to close at the end of the month, will be a little more flexible in negotiating.  What I am saying here is that if they have a quota they need to get closed and haven't reached it, they may lower their price to an acceptable amount for the buyer, that's a maybe.

There are a few more hoops to jump through with foreclosures and fine print, so if you really are wanting to purchase in the foreclosure realm be mindful to be patient and flexible.

Interested in learning more about real estate and foreclosures, I'm available to help.
 


Specializing with Baby Boomers and Beyond, Angie Goodman and The Goodman Group can help this mature market with answers to their housing questions and more.  If you know a senior who wants more information about Tallahassee's housing and real estate, give Angie a call at 850-321-4666.

Angie Goodman, Broker Associate, CHMS, CRS, GRI, SRES  850-321-4666

The Goodman Group Real Estate Team @ Keller Williams Realty  www.agoodmove.us


 





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