For over 5 years now, the number of bank owned foreclosures in Windermere has been on the rise. This is a sign of the bad economy, and Central Florida has been hit as hard as anywhere in the US with some of the highest foreclosure rates in the state. Many have said one man's loss is another's gain, and this time they were absolutely correct. HomeWindermere.com has access to dozens of bank owned foreclosures throughout Windermere and the surrounding areas. Home prices have fallen over 60% from their 2006 highs in some subdivisions, making now a tremendous buying opportunity!
Our real estate agents can offer our clients exclusive deals on REO properties, distressed sales, and even short sales in Windermere. Some properties may require a little elbow grease as they are fixer uppers, but many of the homes are in move-in ready condition and are priced anywhere from 15% - 25% below similar homes for sale as conventional sales. The only drawback, if there is one, is that these homes are priced so well that they are snatched up by other buyers and investors at a frantic pace. It's not uncommon to have 3-5 offers on properties in Windermere's best subdivisions during the first few days on the market.
For this reason, our realtors require that you give us a call directly at (407) 202-8482 or go to our contact form and let us know what type of home you are searching for. Doing this will allow us to pair you up with a certified Orlando Hub Real Estate agent that has relationships with the banks that own the properties, and will help immensely in getting you the best deal possible on a foreclosed home. We look forward to working with you and finding a spectacular property to purchase.
Some of our recent foreclosure selling prices include:
Summerport - 2,815 square feet - 4/2 2 story home - granite countertops and wood floors for only $214,975!
Lakes of Windermere - 2,300 square feet - 4/2.5 screened in patio and large master tub priced at $199,900!
Belmere - 2,735 square feet - 4/3 with 20 foot ceilings and fenced private back yard at $245,000!
Glenmuir - 3,364 square feet - 4/3 Large kitchen with island on 1/2 acre lot priced at $269,000!