- Dr Phillips Foreclosures
Dr Phillips real estate has always been a sought after area for buyers looking for a good investment but like other communities throughout Central Florida and the nation for that matter Dr Phillips has been hit by the declining market as well. The good news for buyers is there are some great deals and a nice inventory of homes that are in either foreclosure, bank owned or a short sale.
Bank owned homes tend to be a good investment with banks wanting to rid themselves of the home. A well run bank with homes to sell usually can get back a counter offer within 3-5 business days. Foreclosures and short sales can be a little more tricky and it may take several weeks or more to get a response on an offer, if you have time great, many lenders have insurers and investors they have to communicate with to get an offer approved. Take a look at the latest Dr Phillips Distressed Properties, it’s a FREE search of homes in pre foreclosure, foreclosure, Bank owned and short sales.
As of today there are 77 pending sales in Dr Phillips coming from the Agent Only Mid Florida Regional MLS which by the way you can log onto at the teams VIP Search which is updated daily.
Homes are selling if priced correctly. Talking to another agent over the weekend (from another company) went on to say a home could not be priced correctly in a buyers market. Price fixes everything, gradual decreases in price will eventually bring back value and coming to a realistic list price in TODAY’S MARKET can be determined (without giving the home away). Of course you still have to deal with DOM (days on market) July’s ADOM 134.
