REO Bargains in Brandon Take Thorough Assessment

Brandon, FL-   REO (Bank Owned) property bargains can’t help but catch your eye when you’re searching through the latest residential offerings. Whether you are a future homeowner or an investor looking for an opportunity that makes financial sense, bargain basement prices are hard to skip past.

Tampa-ForeclosuresBrandon REO homes (the “REO” is Real Estate Owned, meaning bank-owned) are still being offered at relatively low prices — sometimes, remarkably low prices. But like skilled investors in any realm, successful REO buyers make sure they know why those prices are where they are. In the REO world, the standout factor is this: buying REO means cutting out a proud owner who cares, instead dealing with a bank that wants to sell. It’s a personal pride deficit that inevitably translates to the bottom line. So finding winning REO opportunities in Brandon means hardheaded assessment of the minuses as well as the plusses.

For sure, banks are not in the business of losing money. They may not wish to remain landlords, but they have an asset on their books, and want to get the most for it. They are looking at our Brandon’s real estate market, too; when we see the direction that prices are heading, they do, too. If their cost of holding onto an asset is less than it was last year, a standout bargain basement price is almost certainly condition-based. Unlike owner-owned offerings, banks have no interest in perfecting a home prior to sale. More importantly, they have fewer mandatory disclosure obligations. Ca-ching!     Continue reading

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About David Tipton

David Tipton was raised in Tampa, FL and is a broker associate with HomeXpress Realty. Dave has been a Florida licensed real estate broker since 1986. There have been massive changes in the real estate industry during the past 26 years and Dave has those experiences under his belt, which thoroughly prepares him for what ever comes in the future. Dave received a BA degree from the University of South Florida in Tampa and is a Huge Bulls fan, but roots for all the Florida teams that aren't playing the Bulls.

Obtaining a Florida Real Estate License

Obtaining a Florida Real Estate License

State seal of Florida

I have been a real estate Broker for 27 years, and my company is located in the Tampa, FL area. If you have any questions about obtaining your license or about becoming an agent once you have your license, please feel free to give me a call, we are always looking for great people. We have some really great training aimed at both the new licensee and the agents who are ready to Hit the Ground Running.

This blog post will help anyone looking for information pertaining to a real estate license in the State of Florida or anyone looking to become a real estate agent in Florida.

The Florida Real Estate Commission administers and enforces the real estate laws of the state that affect all aspects of a Florida real estate license.

The requirements to become a real estate agent in Florida include being at least 18 years of age and having a high school diploma or its equivalent. Arrest and police history needs to be provided, plus fingerprints that are no older than 60 days. Upon meeting the Florida real estate education requirements, an applicant may apply for and take the states real estate exams.     Continue reading

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About David Tipton

David Tipton was raised in Tampa, FL and is a broker associate with HomeXpress Realty. Dave has been a Florida licensed real estate broker since 1986. There have been massive changes in the real estate industry during the past 26 years and Dave has those experiences under his belt, which thoroughly prepares him for what ever comes in the future. Dave received a BA degree from the University of South Florida in Tampa and is a Huge Bulls fan, but roots for all the Florida teams that aren't playing the Bulls.

Tampa Mortgage Rates Are Not the Whole Story…

 GFE’s Let You Look Beyond Tampa Mortgage Rates

A view of Tiger Woods as he walks off the green

Good Faith Estimates (GFE) — Anyone actively comparing mortgage rates in the Tampa area will receive one. Yet GFE’s seem full of the kind of fine print that we don’t necessarily spend time worrying over: a glance at the bottom line would seem to suffice. Sort of like the kind of golf rule (26-1) that just cost Tiger Woods his shot at a 5th green jacket.

Like Mr. Woods, even if we do everything else right, not paying close attention to the fine details can cost us. But quite unlike Rule 26-1, the details in GFE’s aren’t there to limit our options —  they’re there to point the way cutting our costs!

To get that readout, you need only provide the standard details required by all lenders. Once that’s done, they are obligated to send you a GFE quickly: within three days. Mortgages are all about your obligation to the lender: so this puts the shoe on the other foot. The key to GFEs’ value lies in their uniformity. The line-by-line detail makes them ideal vehicles for cross-comparing what your mortgage costs from each lender will be —  and where discrepancies lie.

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About Rick Frissell

Rick Frissell is native of Florida, born and raised in Tampa. Rick has been in the real estate business for over ten years and has a wealth of experience and knowledge to share with his clients. An author of a popular real estate book about buying bank owned properties, Rick holds a BA degree from the University of South Florida and is affectionately known as the "Red Baron" by friends and associates in the real estate industry, the Red Baron Real Estate brand has really taken off.