Gary - the main reason is that Spring Hill is a city with a large population, and along with that it has a large number of housing units to handle the population. So like any city at any given time there may be a corresponding large inventory of homes for sale. Some may point out the prevalence of sinkholes in Hernando County, but you have to remember that with Florida's soil substrate, the entire State is subject to sinkholes. The same logic goes with Foreclosures when people claim that they are the reason. The State of Florida was hit hard by the housing bubble. But its already been a few years and modt homes that should have been foreclosed, already have been. There are still some on the market and these are always identified as being foreclosures. The same goes for Short Sales, homes in danger of foreclosure. These are again identified as Short Sales in the marketplace. Do you see many of these now? Not really. In Florida the banks already did their jobs for a majority of defaulted loans.
Oh, one other reason there might be more homes for sale in Spring Hill. An extremely large percentage of the town's population are seniors. How large? Probably about 70 to 75 percent. I do know that when Timber Pines was completed, it doubled the population of Spring Hill, so if you add in all the other retirement communities, 70 to 75%. This population, as it ages, goes through various phases. If a couple own a home and one passes on, the widow(er) may want to move back north to be with family. If not, as they age they may require a smaller home and or move into an assisted living environment. Or, they might die, and the estate has to sell the home. This adds to the inventory.... more
Spring Hill Drive is a major artery running east-west from US Hwy 19 to US Hwy 41. What is your interest in the road? Give me a call sometime and we can not only discuss that, but also the many twists and turns of Linden Drive.
All the best,
Peter J. Lee
Future Home Realty
(704) 231-0952- cell
(727) 848-1083- home
(813) 855-4982 ext. 157- office
Most of these homes and the families that owned them are all victums of frauduglent for closesure
Their own county judges and these attorneys at law that have filed them violated thier legal rights to a proper civil action to collect a debt procedure fact a proper civil action to collect a debt and the proper summons to appear clearly states mr or mrs denfendant if you fail to appear for the in court mediation hearing you will have a judgement placed against you Mr legal lender palintiff or legal council for plaintiff if you fail to appear you loose due to lack of procecution they take you behind closed door and someone is on a phone as far as you know its some from a foreign country
Unless they appear in person and the judges court is brought to order the judeg can not grant or denie these families anything. Plus thier plaintiffs are either federally regulated by the Occ The united sates treasury or by the fdic which these attorney and these judges have no legal authority over in the first place . So when they send you this so called foreclosure notice if the plaintiffs have N/a in its name go to this free web site called helpwithmybank.gov file charges against them
if its a state charter bank federally regulated by the fdic go to thier web site or get thier contact phone numbers and file a complaint with them for more fraud against you and your families
Dale e Bennington viet nam vet private educational consultant... more
Once you're ready to make an offer and close within 45 days then your Realtor will take photos for you if you're not in town and you're willing to make an offer "sight unseen".
Also properties in your price range go quickly so you may want to rent for the first year while you are shopping for house. Short Sales may take a year to close or you may have to close within 30 days so try to find a month-to-month rental.
Also if you're not able to pay ALL CASH then you may not be able to compete with the many, many cash investors buying up everything in Tampa Bay so ask your lender for a FULL LOAN COMMITTMENT (not a preapproval, something that only requires you to find the property and have an appraisal done) and ask them to close as soon as 2 weeks if needed. www.AimLoan.com says they'll close as quickly as 10 days if needed. This will also help you get a short sale that comes back on the market if you can close as quickly as two weeks.
Hi, There are so many different opinions floating around and I believe it's the result of nobody really knowing when the bottom is going to hit..Those that say it has are only able to do that because they are seeing prices and sales rise. You don't know the bottom has hit until you are looking at it in the rear view mirror. I suggest teaming up with an agent who can guide you accordingly in your market place.
Licensed Associate Broker
Accredited Buyer Representitive
William Raveis Legends Realty Group
Contact a local Realtor and ask them to provide you with a CMA. This is a market analysis completed by a Realtor to provide a homeowner or buyer with a realistic assessment of a property's market value. Most Realtor will be happy to provide this service free of charge.... more
believe it or not, most foreclosures and short sales are not at rock bottom prices as are the resales and if you look hard you will see that for the most part the foreclosed and short sales have no better savings than the resales at this time. Put on top of that the fact that foreclosed and short sale homes are sold as is and that most resale owners are willing to fix items you find wrong, the resales seem to be the better deal... more
Hopefully every Real Estate Professional is Making it a duty to show as many Foreclosure, REO, and Short Sales Ptopertoes there are on the MLS, the sooner these come of the market the sooner our Arms length deals will become just that!... more