Selling Poinciana One Property at a Time.

Foreclosures ain't purdy!!

Buy a foreclosure today!

Today, I decided to go out and show a couple of foreclosure homes to a potential buyer. The buyer's a Broker from up north, it was fun.

The house, we looked at, sounded pretty decent in the MLS, 5 bedrooms 4.5 baths with over 2800 sq ft living area and only 4 years old with an in ground pool!!

You know, I know that REOs can look pretty rough inside but I figured it's only 4 years old and it's in a very good neighborhood, how bad can it be?

The home sold for $375,000 in 2006 and was foreclosed on mid 2007. It's currently on the market for $204,900!!!! I figured it would be worth about $250,000 if it was in pristine condition. Well needless to say it wasn't exactly in pristine condition.

When we pulled up front it didn't look too bad. Good solid structure and roof. Upon opening the door we noticed the normal dirty carpet and dirty paint. Well this isn't too bad at all!!

Then we started really looking around. The pool has a wood cover over it so nobody will fall into the dark abyss. I'm not sure what may be living in that pool but I think we'll leave it for the pool man to figure out. Yikes!!! Could be gators and snakes in that sucka.

Then we noticed every door in the house had been removed along with all the fixtures and appliances including the dishwasher. Oh biggie. A little paint, some flooring and appliances and we should be good to go.

So we head upstairs to see what we got going on up there. Hey where's the heating and air system? It's been yanked out!! Yep, they took the complete HVAC system....inside and out. They also took all the pool equipment including the filtering system and the pump. I wonder what it looks like behind the walls?

If the bank accepts my Buyer's $140,000 offer, maybe, we'll find out.

Just another day in the life of a REALTOR®. So how are foreclosures looking in your area?

***Bank owned property. Sold "As Is". Needs TLC***

Sell Poinciana Real Estate Poinciana Real Estate Poinciana Real Estate Poinciana Real Estate Agent

Copyright © 2008 | All Rights Reserved

Bryant Tutas
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
***The content of this blog is solely my opinion*** 


Join Our Facebook Fan Page Check Us Out On Google+ Follow Us On Twitter


***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas


 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

 Copyright © 2017 | All Rights Reserved

Comment balloon 32 commentsBryant Tutas • March 25 2008 03:41PM
Foreclosures ain't purdy!!
Today, I decided to go out and show a couple of foreclosure homes to a potential buyer. The buyer's a Broker from up north… so, it was fun. The house, we looked at, sounded pretty decent in the MLS, 5 bedrooms 4. 5 baths with over 2800 sq ft… more
Pricing and negotiating "short sales" in Poinciana FL.
Hi folks. Today I'm going to talk a little bit about short sales. As way of disclosure, I want to mention, that I am NOT an expert on short sales. However, I am an experienced Broker in Florida and do have short sale knowledge. I just prefer to not… more
Fishing for foreclosures in Poinciana FL.
FORECLOSURES (REOs) IN POINCIANA FL Yesterday I wrote a post titled "Buying foreclosures in Poinciana Fl". The post was a little on the boring side but it was written for a reason… Google juice!! I just listed a couple of REO (bank… more
Buying foreclosures in Poinciana Fl.
Hi folks. How often have you had Buyers call you wanting to buy a foreclosure? Usually, when this happens to me it's first time homebuyers who are really just looking for a "deal". Of course many times they also have no money. When this… more
Short sales. It's not only up to the Lender.
This is the third part of my series on short sales. As way of disclosure, I am NOT an expert on short sales, I am using this series as a way for me to think through the process and hopefully become better prepared to help some Sellers who may… more
Becoming a better "short sale" expert. A series by Broker…
I've been spending a lot of time this week thinking about short sales. My market, Poinciana FL, is going to have a bunch of them this next year so I figure it's time to brush up on my short sale skills to see what I can do to help some folks out. &… more
A "short sale" is an option NOT an entitlement!!
"Short sale". The new buzz word. We've all heard it: "I owe more than my house is worth and I WANT to move. I'll just ask the lender for a short sale. " "I don't want… more
Year End Market Report For Poinciana Fl
Is Your Reality In Line With Reality? Poinciana Fl.
Lenn Harley posted yesterday about market data and the media. She pointed out that it is not all about the price but also about the volume of sales. In her area the price is up 57% since 2002 but volume is down 59%. She explains it better than me… more
A Peek Into Poinciana FL Market Conditions.
Today, I have spent some time, trying to get my head around the current market in Poinciana Fl. I need to know how many properties in our MLS(Multiple Listing Service) are currently in foreclosure, bank… more