Tampa Bay Foreclosures – Tampa Foreclosures – Search Tampa Foreclosure Properties – MLS
In case you haven’t been paying attention to real estate for the past couple of years – the new “IT” word in real estate is foreclosure. Foreclosures are the new vehicle for generating wealth and getting great deals in this current market, replacing the assignable contracts, condo conversion “flips”, and other speculation niches generated in Tampa by the market a few years ago.
I am a RealtyTrac sponsored agent and advertise on their sites as well to help buyers understand the foreclosure process and find and buy great deals. In the last 2 months, we’ve represented 7 customers purchasing foreclosure or short sale properties. If you are thinking about buying a foreclosure, we would love to help you. It’s important to work with an agent that understands the process and can help you with your negotiating approach as many of these homes have multiple offers and you need to stand out. This is especially true in South Tampa where the foreclosure market under 200k is still very strong with many properties not lasting but days or weeks at most.
Our market is showing us that more than half of the current market is a foreclosure or short sale. Foreclosures provide great opportunities for buyers as there is no hassle of a short sale with a great price and a quick closing. It’s also an opportunity for investors because they can buy a home below market value that may need some repairs and make a profit on the home a few years down the ilne.
To search for foreclosure properties currently for sale, please visit www.SearchMLSTampa.com and check the foreclosure box and search away!