Is this property sold 3465 KEYSTONE ROAD, TARPON SPRINGS, FL 34688?

Asked by Tami, Tampa, FL Thu Oct 7, 2010

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Wed Jun 6, 2012
This property could have been purchased and rehabilitated with the HomeStyle renovation loan, the limit for a SFR is 417k in Tampa.

If you run into another deal like this, don't let your buyer lose out on it to a cash buyer, use type of loan and program to finance and close on it. The program works the same as a 203k but is sold and uses conventional guidelines instead of FHA guidelines.

One of my clients recently closed on one of these in Miami, it's a great tool to add to your warchest.
0 votes
Rob Dandrea, Agent, New Port Richey, FL
Tue Jun 5, 2012
Good Evening Tami,

Actually this home is being demolished. Tami, are you looking for a home in this area. I specialize in the Tarpon Springs/Palm Harbor area. I have been a Tarpon Springs resident for 12 years and I live here and work here everyday. I know the market. Please feel to give me a call with any questions that you may have about this home or any home. There is no obligation, just answers to your questions. I look forward to speaking with you.

Thanks,
Rob

Rob Dandrea
Future Home Realty
Directly: 727-510-2100
Fax: 800-584-2449
I SELL HOMES, NOT HOUSES
RobDandrea.RealtyOffice@gmail.com
http://www.RobertDandrea.com.
http://www.ShortSalesSolutionsofFlorida.com
http://robdandrea.mfr.mlxchange.com/


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0 votes
Alma Kee, Agent, Tampa, FL
Fri Oct 8, 2010
Dear Tami,

This Bank-Owned property is showing "pending sale" with an expected closing date of October 25th. It was pending sale and then came back on the market on Sept 15th. Did you make an offer on it?

I haven't seen the house but on paper this looks like a spectacular bargain. It does note that they were only considering "ALL CASH" buyers so there are very likely some "condition" issues that may not allow it to get financing. There is an FHA 203K and 203KS mortgage that allows a buyer to include repair costs in the mortgage and the repairs are done "after" closing but in Tampa the FHA maximum loan amount is $292,5t00 and it normally takes about 60 days to close. This house is above the FHA limit so perhaps that is why they were requiring an ALL CASH buyer.

You're welcome to sign up for a listingbook account on my website and you can get instant notification of properites just like this. It's especially important to get notified when a property comes "back on the market", too so you do not miss out on opportunities like this one.

All my best,
Alma
Alma Rose Kee
Future Home Realty
813.244.9898
http://www.SoldOnTampa.com
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