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I just got the most recent stats from Foreclosures.com for the Florida Market. Here's the top 10 Counties based on percentage of households with an LP filing against them in '08. #10 Palm Beach 10.37% #9 Hernando 10.47% #8 Dade 10.96% #7 Orange 11.06% #6 Pasco 11.46% #5 (tie) Broward 11.71% #5 (tie) Walton 11.71% #4 St. Lucie 16.4% #3 Flagler 16.58% #2 Lee 21.59% And the #1 County in all of Florida #1 Osceola 23.33%!
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I've left Better Buy Realty to join Virtual Homes Realty. Virtual Homes is the leading real estate company in Flagler County for getting foreclosures & short sales closed. With about 80% of all short sales that go under contract failing with the bank and going back on the market, Virtual Homes Realty's success rate really impressed me. While I am not a huge advocate of short sales in general, they do provide an amazing opportunity for buyers with the time and patience to see them through. I'm now in a much better position to help home buyers who wish to pursue this avenue succeed.
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Grand Haven, Palm Coast - Announcing a price reduction on 5 Heron Ct., a 1,782 sq. ft., 2 bath, 3 bdrm single story. Now $193,900 - Foreclosure - Grand Haven. Property information
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For those of you who visit my site regularly you will find that I've added a "bank approved" short sale list. Having bank approval prior to making an offer can potentially save several weeks of waiting and wondering. You can expect to receive an answer to your offer from the bank in less than a week. Another bonus is that the banks loss mitigation officer typically has authorization to make a counter-offer vs. approved/denied. Every bank and every property is different so I can't give you fixed time frames for response from the bank. As is the case with foreclosures, every offer must be submitted on an as-is contract and accompanied by a strong letter of pre-qualification from a reputable lender. I've also added a market statistics tab to me website - it's worth checking out! I will be adding to it and adjusting the figures to reflect current market activity periodically.
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So frustrating! Sure, this property was a steal (you can still find photos under the featured listings tab on my website) but the listing agent hadn't even gotten a key in the lockbox before this property went pending! Listed on Thursday, I had a contract ready to submit Friday afternoon only to discover it was too late!  Arrgh! I'm not a very good loser when it comes to deals like this. Bottom line, when you see a great deal, JUMP ON IT! Considering that all foreclosure contracts are written "AS-IS" and offer an opportunity to cancel the contract and get your escrow money back should the home inspection show it not be in good condition, the risk is really rather minimal and potential reward is huge. Look for future posts on this blog regarding other foreclosures and hot properties. I'll blog about properties I am unauthorized to post on this site - giving you my unbiased views of them all. If I "review" a property which is not on my site and you are interested, shoot me an email and I'll send you more details and photos.
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Best Deal I've Seen in a LONG Time
• 1,884 sq. ft., 2 bath, 3 bdrm single story
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MLS®
$113,900
- FORECLOSURE - BARGAIN!!!
Pine Grove, Palm Coast
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This just hit the market (9-25-08) and the listing agent has yet to get a lock box code allowing other agents to enter the property. All the current photos were taken through windows. I only saw one repair - door knob had knocked a hole in the master bedroom wall. Again, my observations at this point were viewed through windows but this is such a HOT deal I felt it best to publish this NOW.
Large formal dining room in the front of the house. Open & spacious kitchen. French doors to master bedroom to the right of the entry. Master bedroom has sliders to the screened in lanai. VERY nice master bath with separate tub & shower (I'm pretty sure it was a glass enclosed shower). Bedrooms 2 & 3 have walk-in closets.
If this price is for real, it WILL NOT LAST! I expect this to receive multiple offers and suspect it will sell above the list price of
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• 1,539 sq. ft., 2 bath, 3 bdrm single story
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MLS®
$124,950
- FORECLOSURE
Quail Hollow, Palm Coast
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FORECLOSURE! This 3/2/2 home is located on the South side of Palm Coast with easy access to the new Town Center, hospital & Daytona Beach. I've got to say this is in much better condition than most foreclosures I've viewed lately and offers many of the amentities todays home buyers are looking for: spacious eat-in kitchen, indoor laundry, and master bath with separate shower & garden tub. Back yard is partially fenced for privacy. Located on a a nice quiet cul-de-sac.
What are the drawbacks??? Not many. There is an open patio vs. covered lanai. There are a couple of duplexes on the street but they are of exceptional quality & appear to be owner occupied. The home is frame vs. concrete block but, being of recent construction it is actually sturdier than most of the concrete block homes in Florida. Definitely worth a look - this is on my "better buy" short list!
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Surf Club Condo, Palm Coast
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The single story at 802-60 Surfview Drive has been sold.
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Beautiful Home w/ 5 CAR GARAGE!!!
• 1,957 sq. ft., 2 bath, 4 bdrm single story
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MLS®
$299,500
Lehigh Woods, Palm Coast
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Rare opportunity for the car enthusiast, boater, artist or craftsman! Custom built home offers 5 CAR GARAGE! 3 car garage attached to home plus a detatched 2 car garage with private drive ~ all feature 220 amp electrical service! The detatched garage even has water & cable! It would be easy to get carried away, dreaming of what you would do with all of that space, but a big mistake to overlook the beauty of the main home. Check out this list of amenities & upgrades: tile everywhere, eat-in kitchen with pantry, loads of plant shelves & tray ceilings, his/hers walk in closets & sinks, separate tub & shower in master bath.... truly a must see.
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4 bedroom family home on cul-de-sac
• 2,229 sq. ft., 2 bath, 4 bdrm single story
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MLS®
$190,000
- NOT a Short Sale!!!
Seminole Woods, Palm Coast
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Location, location, location! Perfect 4 bedroom family home on a quiet & secluded cul-de-sac street. Located on the south side of town... very convenient for beach-lovers, shoppers (new Town Center), and Daytona commuters. This beautifully maintained home boasts a spacious open floorplan - eat-in island kitchen with prep sink & double pantries, formal living and dining rooms, separate tub/shower in master bath plus lot's of architectural interest with plentiful archways & plant shelves. Top it all off with a fabulous 12 x 24 screened in lanai over-looking your very private back yard. Plenty of room for a pool.
NOT A SHORT SALE! Seller prepared for a speedy close and willing to assist with closing costs!!!!!!
Property information
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