Inside 3 Bank Owned Homes For Sale in Florida! | Foreclosures On The Rise!
Ойын-сауық
In today’s video, we toured 3 Bank owned homes for sale in the Tampa area!
I hope you enjoyed this video and can see the difference in prices Florida has to offer compared to most other states.
Follow me on Instagram: @kaleb_shaw_
If you are Interested in buying or selling a property in the Orlando area? Feel free to contact me, My team and I will be happy to help!
Realtor: Kaleb Shaw
Robert Slack Fine Homes
Email: KalebShawHomes@gmail.com
Real Estate Lic# SL3312319
ALL INFORMATION IS RELIABLE BUT NOT GUARANTEED.
Want to work with me and my Team?
Here are some steps below to get you prepared.
Step 1: Start gathering a down payment
One of the most important steps to buying a house for the first time? Figure out your finances. Buying a new home (particularly for the first time) requires a mortgage, where a lender fronts you the money and you pay it back over time. However, in order to get a mortgage, you’ll need some sort of down payment. So how much do you need?
Ideally a down payment on a mortgage should be 20% of the home’s price to avoid added fees, but if you don’t have that much of a down payment, don’t worry. A mortgage down payment can be as low as 10%, 5%, or even 0% for certain types of mortgages (e.g., VA Loan or a USDA loan).
Step 2: Check your credit score
Did you forget to pay off a couple of credit cards? Unfortunately, it’ll affect your credit score.
In addition to having a down payment, a first-time home buyer will need a decent credit score. Minimum of 620 is best. This three-digit number is a numerical summary of your credit report, a detailed document outlining how well you’ve paid off past debts like for credit cards and college student loans.
A lender will check your score and report in order to estimate the odds that you will deliver your monthly payment, too.
In turn, the lender will use this info to decide whether or not to loan you money, as well as how much and at what interest rate. If a lender sees some late payments on your credit cards or other blemishes in your credit report, this can lower your odds of getting a loan with a great interest rate, or perhaps even jeopardize your chances of getting any loan at all.
Step 3: Get pre-approved for a mortgage ( Most Important)
Another one of the most important first-time home buyer steps? Seeking pre-approval from a lender for a home loan. This is where you meet with a loan officer. Each mortgage lender will scrutinize your financial background-such as your debt to income ratio and assets-and use this info to determine whether to loan you money, and what size monthly payment you can realistically afford. This will help you target homes in your price range. And that’s good, because a purchase price that’s beyond your financial reach will make you sweat your mortgage payment and puts you at risk of defaulting on your loan.
As a buyer, just keep in mind that mortgage pre-approval is different from mortgage pre-qualification. Pre-qualify, and you’re undergoing a much simpler process that can give you a ballpark figure of what you can afford to borrow, but with no promise from the lender. Getting pre-approved you’ll have to provide more paperwork, but it’s worth the trouble since it guarantees your creditworthy and can truly buy a home.
Get pre-approved by our preferred lender today!
Steve Birk
Strong Wealth Mortgage
407-375-0692
Email: Stevebirk@strongwealthmortgage.com
Пікірлер: 63
I WOULD SAY ALL OF THESE HOMES ARE FOR SALE WELL OVER PRICED
It's sad when the people lose their house
@KalebShaw
2 жыл бұрын
I agree 😒
@kathiedejournett8331
2 жыл бұрын
Yes it is
Well I do appreciate you finding a home for less than 425,000 because I will tell you, most of those people out here can't afford those extremely high price 500,000+ homes. I still prefer if you can find even lower Homes for the average person that don't make that much money. I appreciate that and all you do.
@KalebShaw
2 жыл бұрын
Thank you for your feedback!
Thanks for sharing these Kaleb!!
@KalebShaw
2 жыл бұрын
My pleasure! thank you for watching Roderick!
Great video. The homes are nice, but out of my price range. The 1st house, the room opposite to the kitchen, I would make that the dinning rm, and one of the rooms on the front of the house the living and the den/sitting rm. For these prices, these houses should not need any renovation, seriously. Ms. B. Churchill
@PappaAlvaro
2 жыл бұрын
I live in Sweden (Stockholm area). Here you are lucky if you get a small town house approximately 30 km from the center of Stockholm for around 400 000 dollars
@babylorvbeats
2 жыл бұрын
@@PappaAlvaro Well over here we don't live in Sweden sir
@PappaAlvaro
2 жыл бұрын
@@babylorvbeats Well you have higher salarys cheaper houses and still complain ; )
@babylorvbeats
2 жыл бұрын
@@PappaAlvaro Who told you that?. Do you know the cost of living over here?
House is nicely set
I'm definitely going to look you up next year. I'm planning on moving to Florida when my son graduates HS.
@KalebShaw
2 жыл бұрын
That would be great! My team and I would be happy to help!
Thanks for the look-around Kaleb, we always wonder how the hone-owner ended up in foreclosure and hope they made out OK.
@KalebShaw
2 жыл бұрын
Thank you again for watching John! Hope you and your family are well😊
Thanks
Great video!!
@KalebShaw
2 жыл бұрын
Glad you enjoyed it
I won’t pay more than $250K for any one of those homes
@kellymcdonell9687
2 жыл бұрын
Then you aren’t going to live in Florida.
@AmitKhanna7373
2 жыл бұрын
@@kellymcdonell9687 just wait and you’ll see … :)
Another great video. That last house would be way too much work for me, yikes.
@KalebShaw
2 жыл бұрын
You and me both!
They all seem overpriced. House #2 would be a big NO. House #3 too dark inside and a NO due to water damage.
@KalebShaw
2 жыл бұрын
Thank you for your feedback and for watching!
Very nice. Taxes are a little high😎
Yea that last house was over priced for how it looks, all the work you will have to put into it.
@KalebShaw
2 жыл бұрын
Thank you for watching Regina!
@reginapettis5193
2 жыл бұрын
@@KalebShaw no problem love the video’s
First house was nice!
@KalebShaw
2 жыл бұрын
Thank you for watching Shelley!
I liked the first house
@KalebShaw
2 жыл бұрын
Thank you for watching Angel!
I want one in Carrollwood
$429K for the second home, not sure anyone willing to pay that price, there's minimum of $100K add on to fix up the house.
I believe if you must invest in flooring, kitchen, bathrooms, etc, what's the point?! It's already pricy!! Spend a bit more and buy a new home. Know prices have gone up but, these homes are damaged with water. What is behind these walls? Nah, the pool doesn't mean anything to me. I'll pass up on these...
@KalebShaw
2 жыл бұрын
Thank you for your feedback Eileen!
Hello , new sub here. I live in Florida and want to buy a home. Can you do a video for Brevard County homes on sale/foreclosure? Thank you
@KalebShaw
2 жыл бұрын
Thank you for Subbing! Great suggestion! If I find myself in that area I will be happy to do a video!
Maybe 200k so overpriced for a congested city that the wages are low. Those are NJ prices
@KalebShaw
2 жыл бұрын
Thank you for your feedback Rob!
Taxes are high. Also how much area do u get
Foreclosure at $200/sq. foot in Riverview? $235 in Tampa? LOL!
@KalebShaw
2 жыл бұрын
Yes! still very expensive Eduardo!
Does it have a pool
How much the house?.where location
All terribly overpriced and all need updating on top of that...no resale value after rehab...nope
@KalebShaw
2 жыл бұрын
Thank you for your feedback Mitch!
Hey kaleb , can I have your direct contact for more information on this house Please?
O!! No ppool
$400k for that crappy 1st house?! Lol whoever pays that price deserves what they get.
Are banks getting a little greedy on these foreclosures. 2and 3 are gut jobs. I love your upsale on a turd... Lol love your videos.
@KalebShaw
2 жыл бұрын
Yes, I agree. they are very expensive! 😒
How much? REY
very spency
Why don't you Have any phone number to call
TO OVER PRICE..👎👎 I CAN BUY NEW ONE FOR $335...NEW
@KalebShaw
2 жыл бұрын
Very true! thank you for your feedback Carmen!