Tuesday, August 3, 2010

Fabulous Foreclosure Deals

Great opportunities available currently for those fortunate enough to have the cash to spare. I have lived in Florida now for almost 20 years and I have to say that the prices are right back where I started some 18 plus years ago.

Today I showed customers a lovely 4 bed 2 bath pool home, fully furnished in a gated community. The home was around 2000 sq. ft., had a paved driveway and was being offered for the crazy price of $150,000. This home is ready to go, great as a residence or vacation rental. Who could ask for more.

Last week I closed on a 3 bed 2 bath condo, lovely condition also fully furnished, ready to go, $75,000. We have two 2 bed 2 bath condos in nice community, up for sale at UNDER $40,000, can you believe it. These condos were selling two years ago for $265,000. Anyone wondering whether or not to dip their feet in the water should jump. I have noticed banks are now putting homes into the LONG TERM RENTAL market until prices increase, so the trend appears to be that BANKS themselves are jumping on the bandwaggon and want to make more money by hanging onto the homes for a couple of years. If this trend expands to more banks it will mean less foreclosures for the man in the street to purchase. Visit www.rockroserealty.co.uk and ask for a list of current foreclosures.