Your Realtor will be able to give you recent sales of similar homes and also give you crucial details about any Community Development District Taxes and HOA fees and required Club membership fees. These are often incorrect or incomplete on Bank Owned listings. It can up to thousands of extra dollars per year. Depending on the amenities, it may be worth the expense but you need to be fully informed up front.
If you're not yet working with a Realtor, you may want to find a Realtor to assist you. Oftentimes the bank's listing agent may not be able to do the necessary research for you to make a well informed decision. By the time the listing agent gets back to you on your questions, the Asset Manager for the lender may have already accepted an offer submitted by another buyer who is working with a Realtor.
Also with many of the newer homes in Land O Lakes you have to be aware of possible Chinese Drywall problems. A home with that issue is probably not a bargain -- unless full repair costs, wiring, drywall removal etc are included and you have the financial resources to make those changes "after" closing. Most REOs will not agree to make any repairs.
The best deals go under contract VERY quickly. I would be happy to help you.
Hope this helps.
All my best,
Alma Rose Kee, PA