Buying a Home in Central Florida: Tips for Navigating Distressed Properties
Posted by Jen Dollar on
Buying a Home in Central Florida: Tips for Navigating Distressed Properties
If you're in the market for a new home in Central Florida, you may notice that many properties are classified as "distressed." These homes are either in foreclosure or listed as "short sales." While these properties can offer significant value, they come with unique considerations. Here's what you need to know.
Foreclosure Properties
When a property is in foreclosure, the bank will accept multiple offers, creating competition among potential buyers. It may take some time to hear back from the bank after submitting your offer, as they often wait until an "offer period" ends before responding. This can be frustrating if you're eager to move quickly on another property.…
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