You can get short sale leads from the court house when they are filed. These will be published in a local newspaper. I have done numerous short sales and it use to be that you could get better deals from short sales. However, in today's market you can get as good or better deals when they show up as foreclosures in MLS. It is true, that you will have more competition but in the long run you will do a lot less work. Short sales today are difficult and time consuming and there is no guarantee they will even work out. Another option to think about, is bidding at the court house steps. Banks are now taking less than what is owed at the courthouse steps. Again, there will be some competition there but generally no more than two or three bidders. Still another option, would be to track bid results at the courthouse, and do upset bids. I have done all of these except for an upset bid. Good luck with your investing!... more
Of the 280 closings in Metrowest (32835) in the past 90 days, half (50%) have been for MORE than list price. 20% at list price and 30% below list. Pretty typical numbers in the lower priced condo market.
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(PS if you really meant 38335, sorry no idea.)... more
Yes there are many foreclosures but I disagree that it's not possible to cashflow. Buy a short sale or REO and it's entirely possible to cashflow right now. See our blog for all the lastest in the Orlando condo market, including MetroWest. But yes, MetroWest has been a rental area for some time and is likely to remain one while these condos are in cheap and plentiful supply.... more
oops - meant to also say that the price of this house when it WAS listed was $299,900, NOT $215k - WHERE did you find this incorrect info at? Also, there are 4 houses for sale in Winderlakes, not two, but the cheapest one is $299K . If you are interested in the price range of $215K - it would be best to do a search by price range, but with a current search engine.
You don't have to use my services if you don't want, as it is against Trulia rules to make blatant commercial posts for business, but check my site out at http://www.HomeOrlando.com or http://www.waterfrontLivingInFlorida.com, click on search for a house and put in the price and criteria you are searching for so you can get current info.
If you want foreclosures, fsbo's, loss mitt stuff, that will require other sites. I highly suggest you get a great agent who has access to all of the data and use them so you don't waste your time chasing after non-existant inventory. As a buyer, you don't pay the commission anyway, so why not?