I don't really understand how they can advertise these homes for that price on this site. The prices are very inaccurate and do not represent the market at all. You can't even buy a good, buildable vacant lot for that price most of the time. Give me a call or email and I will send you some nice, inexpensive listings ASAP. If you have any other questions let me know. Have a great day!!

Shannon Nieves
Home Wise Realty Group
321-239-2558
florida_realtor_1@yahoo.com http://www.thebestflrealtor.com

Firsthome,

The $5000 properties you are seeing are just computer errors. $5K is way below land value and nothing has sold that cheap yet. I have sold some for under 20K.

Bank owned is REO - it means Real Estate Owned by a bank.

Condition of reo's ranges from very poor to new/excellent. I would STRONGLY recommend a foreclosure property - especially when one considers it is about 80% of what is selling. They are selling due to price.

You should work with someone who deals exclusively in this market, has years of experience with foreclosures, and works every day with the banks that sell REOs.

There are some negatives about buying short sales and REOs but an agent that has REAL experience (and not some piece of paper that says they are an expert) can help you.

Thanks

Phil Hanner
Concord Real Estate
phanner@cfl.rr.com