A look Inside 3 Bank Owned Homes For Sale in Florida 2022! | Are They Worth The Price!?
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- เผยแพร่เมื่อ 12 ก.ย. 2024
- In today’s video, we toured 3 bank owned homes for sale in the Orlando central Florida area.
I hope you enjoyed this video and can see the difference in prices Florida has to offer compared to most other states.
Follow me on Instagram: @kaleb_shaw_
If you are Interested in buying or selling a property in the Orlando area? Feel free to contact me, My team and I will be happy to help!
Realtor: Kaleb Shaw
Robert Slack Fine Homes
Email: KalebShawHomes@gmail.com
Real Estate Lic# SL3312319
ALL INFORMATION IS RELIABLE BUT NOT GUARANTEED.
Want to work with me and my Team?
Here are some steps below to get you prepared.
Step 1: Start gathering a down payment
One of the most important steps to buying a house for the first time? Figure out your finances. Buying a new home (particularly for the first time) requires a mortgage, where a lender fronts you the money and you pay it back over time. However, in order to get a mortgage, you’ll need some sort of down payment. So how much do you need?
Ideally a down payment on a mortgage should be 20% of the home’s price to avoid added fees, but if you don’t have that much of a down payment, don’t worry. A mortgage down payment can be as low as 10%, 5%, or even 0% for certain types of mortgages (e.g., VA Loan or a USDA loan).
Step 2: Check your credit score
Did you forget to pay off a couple of credit cards? Unfortunately, it’ll affect your credit score.
In addition to having a down payment, a first-time home buyer will need a decent credit score. Minimum of 620 is best. This three-digit number is a numerical summary of your credit report, a detailed document outlining how well you’ve paid off past debts like for credit cards and college student loans.
A lender will check your score and report in order to estimate the odds that you will deliver your monthly payment, too.
In turn, the lender will use this info to decide whether or not to loan you money, as well as how much and at what interest rate. If a lender sees some late payments on your credit cards or other blemishes in your credit report, this can lower your odds of getting a loan with a great interest rate, or perhaps even jeopardize your chances of getting any loan at all.
Step 3: Get pre-approved for a mortgage ( Most Important)
Another one of the most important first-time home buyer steps? Seeking pre-approval from a lender for a home loan. This is where you meet with a loan officer. Each mortgage lender will scrutinize your financial background-such as your debt to income ratio and assets-and use this info to determine whether to loan you money, and what size monthly payment you can realistically afford. This will help you target homes in your price range. And that’s good, because a purchase price that’s beyond your financial reach will make you sweat your mortgage payment and puts you at risk of defaulting on your loan.
As a buyer, just keep in mind that mortgage pre-approval is different from mortgage pre-qualification. Pre-qualify, and you’re undergoing a much simpler process that can give you a ballpark figure of what you can afford to borrow, but with no promise from the lender. Getting pre-approved you’ll have to provide more paperwork, but it’s worth the trouble since it guarantees you're creditworthy and can truly buy a home
Get pre-approved by our preferred lender today!
Steve Birk
Strong Wealth Mortgage
407-375-0692
Email: Stevebirk@strongwealthmortgage.com
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Second house is a mess. It’a disgusting to think someone lived in that house as is. Out of their mind on the price. Maybe worth 78k. It needs a solid 100k in remodel costs.
Love the 1st home, that circular driveway's a cool feature. Among the three properties, the 1st one's got the most potential for a house flip. Wonderful tour, Kaleb!
This is the problem in Orlando, house #2 shows that perfectly. $350k for that!!! Maybe $200k, but even banks don't want to come to reasonable prices.
Exactly what I was thinking $200k at the max!!
More like 100k max, it practically needs a rebuild.
YUK! House number 2 is on a busy, noisy street! Driveway is damaged quite badly. Taxes are way too high and price is way too high.
House #1 needs reworked price as there is too much work to be done. #2 is practically a gut job, should be price at $160-$180.
1st home for me!!! Cosmetic renovations and it'll be PERFECT.Thanks Kaleb🙏🏾🙏🏾🙏🏾
Thank you again for watching and sharing your feedback Levi!
House #1 has plenty of potential. Very nice and spacious. Some upgrades and it’s a winner.
My husband and I are retired and planning to relocate. The 1st house is
is perfect for us!!!
my wife hates homes with pool.... too much work for retiree.
Hey Kaleb. Happy Sunday. 1st home. Like the front elevation and color. The side entry garage actually nice. $295🙌🏼. Let’s see inside. Ok. Would change the flooring and paint the dining room. Change the carpet. Update the bathroom. Nice size living room. Oh. A breakfast nook too. Update the kitchen. Laundry a good size. Good size primary with access to pool. Good size en-suite. Agreed. Upgrade. Ditch the tub and get a larger shower and linen closet. Covered lanai. Birdcage. Definite potential here. Not bad at all. 2nd home also like the color and front elevation. Needs work on entry. This one is more than the first but needs way more work. Laundry 🤢. Stopped commenting once I saw the laundry. Agreed with major work there is potential. This should be in the $200’s As at least $100k or more will be put in. Nice size backyard. 3rd home. 🤔. Not accustomed to seeing brick in Florida. Don’t like seeing the kitchen on entry but first glance is clean. Not tore up from the floor up like the 2nd. Kitchen small but clean. Guest bedrooms and bath ok. Living/dining ok. Spacious primary. Appreciate the 2 closets. Small en-suite but clean. The screened in pool and covered lanai ok plus more yard. Not bad Kaleb. But $400+? Can get new construction with larger primary en-suites for $275 to $400. Thanks for sharing and see you next video.
Hi Kaleb, first one,alright. Number two,the owner must be dreaming to think that worth 350,000. Not even $150 000. # 3 workable for now. As usual don't disappoint👍
Hi Kaleb. I pretty much agree with most of the comments for the houses. They are all too high, no more than $250 - $275k, for #1 & #3. They are nice properties. #2- that needs to be less than $200k for all the work needed, the obvious flood/water damage, and the busy street it's on. It does have potential though, especially as a rental property. Thanks so much for the video!
Thank you for your feedback!
Well a couple of contenders Kaleb for someone. Thanks for bringing a spot light on what we can get for our money in those areas.
Thank you for watching and sharing your feedback Shelley!
Hi Kaleb, thanks for showing us these homes....LOVE house #1, the layout is great, bedrooms are a decent size, it does needs a bit of TLC but thats cosmetic, as you said - this one is definitely a contender & I love the backyard with the pool - a must for me! At $295k, is that firm or is there any wiggle room? House #2...a dump..period. Noticed you didn't touch much in that one... haha, don't blame you - I wouldn't either - and certainly not worth anywhere near $359k, too much work & $$ needed to be invested. House #3 seems overpriced as well, its clean, & fairly spacious ,but the kitchen is tiny ! the rest is a bit of an odd layout, but great back yard and pool space. I wouldn't entertain a $400k price tag - not for this.
Thanks for sharing these places with us, look forward to more!
Thank you again for watching and sharing your feedback! I appreciate it!
im still waiting for lower prices and they will come soon enough now I think house no 2 unless that neighborhood is bring in 500 plus that place is not worth that price at all its a total gut job gross pigs
house 1 nice but not sure about area maybe middle of no where and 20 minutes to I 4 is far so i am presuming not near too much house 3 was cute but over price for me taste but area probally good and closer to things etc but like I said waiting for a better price balance
ty for showing
Hey John! Thank you for watching and sharing your feedback!
Love your channel, the wife and I love watching. The second home is unreal. How does a regular employed person buy a house at the current interest rate and then add that hyper inflated price. The remodel is probably 200+ thousand, and that does not account for all the misc. The market will spiral into doom. Lord help us!
🕊✨ Mr. Shaw, Your videos are really appreciated.
Here are my thoughts…
#1 It’s a Yes
#2 It’s over priced , and needs a Full Job inside. ( Over $ 125,000 ) Including Windows. Not Sure about the neighborhood.
#3 It’s definitely way overpriced
Must say that the prices in Central Florida are 100% better than here in Dade County. Houses are roomier and the association prices are not abusive. property taxes are much better.
Once Again Thank You!
Have a Pleasant Day ☀️
Hey Carmen! Thank you again for watching and sharing your feedback!
Thanks Kaleb! Two should be condemned, one would be a great acquisition.
haha thank you for your feedback John!
LOL
I like fixing things. I would love to be able to rehab no. two. Very interesting property.
That second house can go straight to HELL NAW😩😩😩😩😩😩😩😩🤦🏾♀️🤦🏾♀️🤦🏾♀️🤦🏾♀️🤦🏾♀️🙅🏾♀️🙅🏾♀️🙅🏾♀️🙅🏾♀️🧐🧐🧐🧐
Hi Kaleb. House #1 is a good deal. Has lots of potentials. I have to wait another 4 to 6 months before I commit, but it surely is tempting. Thanks
Deal! Thank you again for watching and sharing your feedback!
I love the first house. The only problem is that it has an HOA. I don't like HOA's tell me what I can and cannot do with my property.
Lots of HOAs in FL
i Wish The Gov Take Out The Shit Of HOA,They Good Only To Bother You And Give You Headache🤮🤮
I giggled when you were showing that green room in the first house and mentioned "new interior paint" instead of commenting on the poor color choice.
Wow! House #2😵💫. Looks like it flooded. The only redeeming quality is the 2 super cute light fixtures in LR & Primary 😅. I really liked #1 and 3 but the cost on the last 2 were extraordinarily high! Loved look on 3❤ but kitchen is tiny! I know, older homes 😁
Yes I agree! Thank you again for watching and sharing your feedback Cyndi!
Hi Kaleb, okay house #1. Replaced all that ugly green Carpet, Repaint, Upgrade the Bathrooms, Upgrade the Kitchen as well. Repaved The Whole Driveway in the Front and on the side. They asking $295,000 should be asking $235,000, It's really not a Bad looking House. #2. House is a Total Disaster. Anybody that buy this Home for $359,000 needs they Head Examine. More likely $199,000, and even that's asking too much. #3. The Kitchen is way to small, Needs Turf Green Maintenance, The Primary Bathroom is just too small. Now I like that sitting area next to the Sun patio, But $440,000 is way to high for a 1985 home more likely, $320,000 would be within the Range, Kaleb Nice 👍🙂 Video 📸
yep
the locations are what make them alot more expensive. ie st cloud
I would like to meet the people who lived in house #2 😡. What am I missing? House 1 appears to be an excellent buy (?), house 2, well, would have to be well under $240K, house 3, also very overpriced, more like $350K.
Look at all the security cameras both inside and out! Bad neighbourhood?
Also see 2 repaired holes in the master walk in. The electrical switches are old style. All the furnace vents are filthy dirty. I wonder how only and poorly maintained the furnace and air conditioner is.
All windoes need to be replaced as well!
Great Video Mate! 👏🏼
Glad you enjoyed!
The third house is a joke for that price. I felt closed in on how narrow the entrance and walk way was. Just horrible lol The second house has potential but that floor plan is horrible. The first house is PERFECT for me!!! The upgrades and reno is nothing. But I must say ALL of these prices are also a joke. I encourage everyone to stay put and BUY NOTHING until the market comes back down to their senses. Smh Thanks for Sharing!
Also you forgot to show those bonus linen closets outside of each bedroom and the pantry in the kitchen in the first house. I really love that house.
Kaleb is the best!
I like the first house, especially because it has a pool
central florida so much cheaper down south florida where im at , hows the job market for finance/tech?
Hello Kaleb
Those are amazing homes the first one needs a litle bit of TLC and the second one had to be flipt and the therd one is moving ready i loved al three of i Gould juice i would do the therd one thank you for showing
Take care and Stay safe
Anja
3rd house is value for money with less things to change (if any) !!!
I liked the last one.
That second house you could do away with the high ceilings in places and have an attic.
A 60 thousand dollar home for three hundred thousand dollars .?
Hi Kaleb. Is the market still trending down? I feel like you've shown us better homes for almost half the price. Is it the area?
Over priced across the housing market!
How far is the nearest Lows or Home Depot? Costco Sprouts Whole Foods?
Nice channel. Keep up the good work.
Thank you for showing, you are the best
What is the address to #1 please. I want to check the schools. Great video
The bank wants how much for the 2nd house? 🤣😂😂🤣
Thank you for important informations!
Glad it was helpful!
Best Buy 1st Home
Good choice! I agree!
Thanks Kaleb!
Thank you again for watching Noreen! I appreciate you!
@@KalebShaw aww, thanks Kaleb!
Thank you...enjoy holiday...
Thank you! You too Wanda!
No pricing on the first two and the 3rd is $200k overpriced. The first house would be my choice of the three.
This is a nice house, The 1st house I'm talking about. Is it still on active?
No, it's already sold. Email me if you are interested in any other home kalebshawhomes@gmail.com
Will any bank finance these damaged properties with a regular mortgage?
I think they will have to come down another 15 maybe 20,000
Looks like ceiling has a leak in first house
HOA! no way, run Quick!
Go to Habitat For Humanity and update #1. #2....That's how you Play Yourself.
Hi Kaleb How does the Bank owned work with FHA loan ?
Hey! It all depends on the condition of the home. Most of these bank owned homes ( in my area ) will need work so it best to try to purchase them with an convention loan.
Ok Great , thank you for responding
Very nice man he is ❤
How can we find bank owned / foreclosures in Pinellas County?
The 1st home is the best PERIOD! The 2nd home is priced too high, needs a complete gut job to the studs & rebuild, lower the price & it would be great, definitely has potential. The 3rd home is nice but as stated has an odd lay out, very small but cute, priced too high!
I want to fortmyers,Florida.pls.advise.Thank you.
that shit was $110k after 2008!!!!!!!!!!!
Hey, Kaleb, can you find me something similar in the Daytona Beach area?
Hey Peter! I don't serve the Daytona area. But I do have great teammates in that area that would be happy to help you!
Eu amei a primeira casa 👏🏻
Please let me know if you have any property in St. Petersburgh, FL
House number 2 needs to be gutted. Asking too much money for that house. You'd be better off buying a new house
That second house is a mess Have to remodeling a lot.I The price is to much have to be fix a lot.
1st home beautiful...2nd is a complete gut job for all that money smh...3rd home is too choppy and over priced for the sq ft.
Hey Tracy! Thank you again for watching and sharing your feedback!
Second house definitely needs $75-$100,000 of work that house shouldn’t sell more than 225,000
Hola, con respecto a la Nro 2, no pierdas tu valioso tiempo y prestigio mostrando ese desagradable espacio ¿350?
Gracias por ver mi video y por compartir tu parecer. Me gusta presentar opciones para que vean lo que hay en el mercado. A veces es ridículo, lo se! 🤣🤣Hay personas que les gusta el reto de un fixer-upper.
🕊✨
Hello
Could you let me if this #1 house is available (295.000)
MAREK
Thanks
Hi I'm in I need 4 bedroom house in good location and size
#1
#3 needs new windows, price way to high!
Thank you
You're welcome! Thank you again for watching and sharing your feedback!
I love all your videos but this one house for $350 man,,, Ask if they gonna sell that house they should sell it up 150 for all the works that's gotta be done in the house that's sad for them to won't that kind of money $350000,, And please don't get me wrong I love all your videos I look forward to seeing them I still haven't call you yet and purchase the home and I need one but I'm looking for the right price and I'll look at your videos all the time,,, But the homes that have the small rooms in them they've won a lot of money some of the room looked to be so small so small that you can only put up a twin bedroom and maybe won't crazy money but it's one home that I like so much it's still on the market than the Orlando area but it have a pool I don't want a house with a pool it's a nice big house too it's very nice but that poo
That house is gonna cost more than $300000 to repair after bring it up and they actually 350 K for that no no no I don't know I hope you're being in the market forever until they come down for a A 150 K maybe
R U laughing at home #2? LOOOOL
The second house is a dumpster. It needs to be demolished to start fresh.
LOL
I need to buy a house please help r
Hi. Send and email with your information to shawhomegroup@gmail.com I will be happy to help. 👍🏽
I will pay a $100 000
House #3 = JOKE = Over priced!
dude. you can find some deals
Thank you for watching Francisco!
NOT worth the price, to much fixing!
damn! this dude commenting below and his minions are one of hell hardworking scammer here
Second house total disaster
Decent looking homes,thnx for sharing
Thanks for watching!
Slow down in master bath, people want to see the shower
All of them were overpriced.
No good
What part of Florida are you in
text me for this house
👇🏻👇🏻 I give you $85,000. Cash I have to almost redo the whole thing have to regard the whole thing it's not worth it so I actually kind of buying the lot and a few walls
😂🤣😂🤣3d home price
I give you 125k cash
350 k ?? 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣👆🏻🤣👆🏻🤣👆🏻👆🏻🤣🤣🤣🤣🤣😂😂😂😂All right second house I give you $85,000 cash I have to almost do the whole house anyway drop me a line