Well the truth is due to low interest rates and all the REO/Bank-owned properties that are currently in the market we have seen a spike in sales and sold prices. Now, I'm not saying we've come out of this declining market yet. In fact, we may see another wave of Bank-owned properties in our area hitting the market, which may cause another dip in prices.
For now, I am happy to report there are a number of homes that have seen multiple offers creating the bidding frenzy and I am not referring to just Bank owned. If the seller is pricing his/her home for a quick sale buyers will know.
For a list of Bank Owned properties go to www.SellTampaHomes.com and click on buying Foreclosures/REO's
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