Real Estate in Clearwater Florida | Buyers Find Bargain Waterfront Homes and Luxury Condos

Clearwater Florida - I receive about 5-calls a day where someone is asking me if I have waterfront foreclosure properties and Clearwater Real Estate bargains on Clearwater Beach, Island Estates and Sand Key FL; as well as the surrounding areas we serve in Pinellas County.

Like everywhere in the United States, we have our share, so here is some information that I hope you find to be helpful in your search for your ultimate Clearwater real estate deal.

Yes, we do have waterfront, gulf front and luxury foreclosure, pre-foreclosure and bank owned properties in addition to homes in lovely Clearwater neighborhoods. So, lets discuss these terms before I get into some more info on buying real estate in Pinellas County, Clearwater homes and condos in foreclosures:

Clearwater Real Estate Options for Buyers looking for Bargains, Deals and Steals:

•  Pre-Foreclosure - The Pinellas County home / condo owner has or is about to miss some home loan payments to the bank.
• Foreclosure - The Pinellas County home / condo owner has missed mortgage payments and the bank has filed an action with the court to take control of the Pinellas property.
• REO - Real Estate Owned - means the bank owns the property (homes, condos, villas, town homes). The bank has taken the property from the home / condo owner and is now selling it.

Realize that in most cases, the bank cannot profit from a home, condo or town home until they own it. That means a pre-foreclosure or foreclosure property is not profitable for a bank and that the bank is trying to minimize the loss.

There can be some great Tampa Bay real estate bargains (especially if youve been thinking about a vacation home or beach house / condo) for those who are patient, and this home buying process can take from a few days to a few months to complete.

We have found many Clearwater home buyers give up before the real estate deal is complete. For example, I am helping one Clearwater Florida family with a pre-foreclosure home purchase and we are entering the fifth month, but they will be buying the property about 30% below the current Clearwater real estate market price when the deal is complete.

Once the bank owns the property, it becomes a REO. There are bargains to be had with these bank owned properties because we are in a buyers market.

That means there are too many houses for sale in Pinellas County Florida - remember supply and demand in economics. In a buyers market there is more housing inventory than can be purchased by the number of buyers in Clearwater Florida looking for homes, so you can pick up a good deal.

For example, I just helped a Pinellas home buyer purchase a REO condo for about 25% less than this North Pinellas property sold for just 2 years before.

Finally, it is important to have an experienced Tampa Bay Realtor represent you so that you know the price you will pay for any of the Clearwater homes or Clearwater beach condos for sale is the lowest possible price. You also want to make sure that any issues whether they be from home inspections, liens, egress, special assessments, back taxes, unknown heirs or claims, etc. are corrected, so that you will not have costs uncovered after closing that could wipe out all of the discount you thought you were getting with the purchase.

So, if you are ready to save money on a Pinellas County home or Gulf Beach condo and have patience, then call me to get started on your real estate purchase.

Related Articles:

• Get a Free List of Pinellas County Real Estate Foreclosures, REOs, Short Sales and  more
  
• Tips for buyers of Foreclosures and real estate Short Sales - Don’t be scammed!
  

Clearwater Real Estate

Are you looking to move to Clearwater FL or buy a home in Clearwater Florida or a home in the Tampa Bay area we can help. We can help you find distressed, pre-foreclosure, foreclosures and short sales for waterfront homes and condos, golf course homes and condominiums and more. Heres what some of our past clients have to say about how we helped them

Please feel free to give us a call at (727) 422-8901 or¦

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