Advantages of Buying a Foreclosed Property
When you buy a foreclosed home, you're cashing in on a home someone was no longer able to pay for. Foreclosures can be difficult to locate and to execute the transactions but are worth the work as the potential to turn them over for a profit may be there.

At Coldwell Banker West Realty we make the process as simple as possible
Purchasing a bank owned home in Florida is becoming more of a standard due to the high volume of Foreclosed Properties on the market. Coldwell Banker West Realty is fully licensed by the state of Florida and offers stability, security and resources that only Coldwell Banker can deliver. We will oversee the entire transaction from finding a suitable property to moving in.

Foreclosure Property Search
Working with a Licensed Real Estate Agent
We have a wide network of resources which we will share with you from selecting a property inspector and recommending service providers such as title companies, lenders and insurance agents. In Florida, the seller pays the agent so why wouldn?t you want someone working for you?
Knowledge: We often know about properties that are not yet on the market. Because real estate is all we do (sometimes 24/7!), we?re the first to know of price reductions and other important news. All of our agents have extensive knowledge of the local area and the Foreclosure procedure.
Experience: We will share our experience, represent your best interests during negotiations with sellers, and help you understand all the decisions you need to make. We will work tirelessly for you, and our goal is to make your transaction go as smoothly as possible.
A good agent will continually strive to improve and gain knowledge of the latest real estate trends. Only agents who are members of the National Association of Realtors can call themselves a REALTOR®

Our in house REO Department
Coldwell Banker West Realty now has an in house REO Department whereby we list properties on behalf of the Banks. We have dedicated Buyers Agents who know all of our in house Foreclosure Properties and are able to answer questions at any time.
We service the needs of Banks and Lenders throughout Central Florida and list Foreclosure properties in Clermont, Kissimmee, Davenport, Winter Garden, Windermere, Reunion, Champion's Gate and Orlando.

Searching for a home has never been easier. With a multitude of search mechanisms on offer via the web, most buyers often start their search online. Our website offers easy navigation with properties broken down by company listings, an MLS Search and a number of new homes on offer through our builder showcase. We also offer a Foreclosure Hot List which is kept up to date each week.

If you would like to join our email list we will be happy to update you as soon as a new Foreclosures comes onto the market in your desired city or area.

Transaction Management
Making an offer
Once your financing is in place and you have selected a property you would like to purchase, your real estate agent will explain the Purchase Contract as well as any additional paperwork required to make offers on Foreclosed Property in Florida. Using up to the minute market data, your agent will discuss a reasonable offer to present.
Once the offer is made we will continue to manage all of the transaction paperwork until your offer is expected and follow up until closing.
Arranging Inspections and any repairs is also part of your agents? duties. We will insure that everything is handled in a timely manner and taken care of prior to closing.

Expert Advice and negotiating strategies
Our job is to get you into the strongest negotiating position possible: As seasoned real estate professionals our agents will help you to determine the best offer to present to the Bank. The Sellers (in this case the bank) will choose qualified buyers who are ready to close the transaction quickly and easily, over buyers who are less prepared. If you are serious about buying, we will help you prepare so you can make the strongest offer possible.
Foreclosures in Central Florida are selling quickly so your paperwork must be submitted quickly to insure the best results. Our agents will also help you structure your offer so you are protected in case things don?t go as planned.
We take care of presenting your offer, negotiating the offer price and terms and keep you updated throughout every step of the transaction.

The Closing Process
We work closely with a selection of very reputable Title Companies that will hold escrow funds and insure a smooth closing process. This can be done with you present or should you prefer, you do not have to attend the closing.
The title company will provide your agent with a Closing Statement prior to closing. The agent will check this and answer any questions you may have regarding the financing break down. Both the Buyer and Seller will have costs relating to the sale. Your agent can discuss the fees incurred by item and explain what these expenses are for. If you are financing your property the Title company will discuss your paperwork directly with your mortgage broker and the bank underwriters to insure that your closing takes place in a timely manner and that everything runs smoothly on the day of closing.
Once the closing has taken place you will be presented with the keys to your new home!

After Sales Care
Our dedication continues long after the closing has taken place.
Many Foreclosure Properties require some work after closing as they are always sold on an ?As Is? basis. This can range from some new sod to a full overhaul. We work with a number of reputable contractors and vendors who we will be happy to recommend.
We can also provide you with a list of phone numbers to call the local utilities and services providers, to put everything under your name as of the date escrow will close. Through our Exclusive Coldwell Banker Concierge Program we will be happy to help make other arrangements on your behalf such as organizing pool or lawn maintenance, recommend a removal company or reputable painter. We pride ourselves in offering a superior level of after sales care.
Soon after closing you will receive a customer questionnaire asking for feedback relating to our service. It is important for us to know how well we served you in order to insure our ongoing high level of customer service.