Bullard Realty – Your Source for St. Petersburg and Clearwater Real Estate
Serving real estate buyers and sellers, in Clearwater, St. Petersburg, Tarpon Springs, New Port Richey, Largo, Tampa, Seminole and the greater Tampa Bay area.
BULLARD REALTY SPECIALIZES IN ST. PETERSBURG AND TAMPA BAY REAL ESTATE
Bullard Realty and our agents specialize in helping new residents in buying Tampa Bay Real Estate. We try to treat our clients like family in our quest to help them discover the best bargains offered by other Agents. By showing our clients all of the fantastic real estate, Tampa realtors are offering via our free MLS system on our website we ensure that our clients have the best access to information available on the MLS.
While we assist our clients with their real estate needs we always try to locate the best homes that will suit their needs. Choosing a Tampa Bay home or prime real estate means that you need a guide who knows the area and the available inventory in the area. We are well versed in both. With our principal offices located in the Feather Sound area of Northern Saint Petersburg we are strategically located to assist with Tampa Bay Real Estate.
Prices are getting better all the time for St Petersburg real estate and we intend to help our clients make the most of this buyers market. We search all of the real estate Clearwater Beach has to offer to find the best deals in Foreclosures and Short Sale Properties for our clients. With prices being reduced so quickly so a short sale or foreclosure is very enticing but many times traditional situations can provide just as good an opportunity to purchase Real Estate in Tampa Bay. Many buyers proceed under the false pretense that real estate in Tampa is best purchased as a short sale but short sale and foreclosure situations have many pitfalls. You are usually far better off to locate a piece of real estate in which the owner has some equity and needs to sell but is not in foreclosure. Everything from bay front properties in the Tampa Bay area to the new homes can be acquired in this manner. The best real estate Tampa Bay has to offer is usually not going to be foreclosure property but motivated sellers with Homes for Sale in Tampa that have moved away and need to sell. When properties get tied up in foreclosure they are very difficult to get to the closing table.
FORECLOSURES AND SHORT SALES IN TAMPA BAY
Many of our international and domestic clients are asking about Short Sale in Tampa Bay area. While it is true that the buyer’s market has created a substantial amount of inventory in the form of both short sale properties (properties in which the seller owes more on the mortgage than what the home is selling for) and foreclosures, this does not necessarily mean they are a good buy. While there are many properties that are in this category that are great prospects there are many drawbacks and pitfalls to purchasing properties when they are short sale and foreclosure homes.
The most obvious issue is the condition of the property. By the time the seller who is essentially evicted from their home gets out or has already left the homes that they had once cared about have been severely neglected. The Homes are often deliberately damaged or stripped of anything that might have value in a feeble effort to salvage some of their investment. If the property has not been damaged or neglected then there are often timing issues for the buyers while they wait for the overwhelmed bank to respond to an offer. Often times this process can take weeks or even months. The moral of that story is if you are shopping for a short sale be prepared to be patient. If you are in a hurry or have limited resources most short sales are not going to work for you. They typically require far more effort on the part of all parties involved and can be very cumbersome.
In the Tampa Bay area there are many homes that are going through this process right now. They range from luxury waterfront homes in Snell Isle to a mobile home in Largo. The mortgage crisis have effected homeowners in all parts of the area and at all price levels.
If at all possible we always try to recommend that our clients look to purchase homes that are not short sells but great values in good condition and locations where there are adequately motivated sellers. These are usually the best prospects for finding a great new home at a great value in Tampa Bay. If you think you might be a candidate for purchasing a short sale property or a foreclosure please let us know. We are well versed in both selling and buying these types of properties in Tampa Bay area.