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Can You Buy After Your Short Sale or Foreclosure?





Robert Johnson, the president of The Duncan Duo Team, joins me today to talk to you about something that may surprise you. If you had a short sale or foreclosure a few years ago, you may think that you cannot buy a home or you may hesitate to buy a new home because you are concerned about your credit.

Well, we have some news for you: You may be able to buy again!

Different mortgage lenders have different time frames, and every investor is a little bit different in terms of how that process works and when those events fall off. In fact, we are helping people every single week get into a home that had a short sale, foreclosure, or delinquency situation.

So, if you are someone who bought and sold and then had a problem, do not be discouraged because there is an option out there for you.

Also, since the economic crash happened so long ago, we started helping more and more people through those issues over the years. With the short sale they had to wait two or three years and three to four years for foreclosures, and that time has passed. Now we are seeing people who have foreclosures buying and selling.


Even if enough time has passed since your foreclosure or short sale, you can have someone purchase the home you want and rent it from them until you are ready to purchase.



There are a lot of programs out there that can help you, and oftentimes lenders will know about those programs that can help you buy. Many people are now considered first-time homebuyers again and are unaware of this because they have not talked to a real estate professional. Our team knows all about these opportunities and programs that are out there. We can educate and guide you the right way.

If you're a buyer and not enough time has passed or your credit still isn't high enough, there are programs out there that allow you to pick the home you want, we have somebody else buy it, and then you rent it until your credit is where it needs to be for you to purchase it yourself. You can start buying it now without an actual mortgage.

No matter what, you need a second opinion. There are companies out there that may be able to give you a loan in a great industry and if that is not possible, we can introduce you to one of the lease-to-own programs.

Too often we see people who think that they cannot look at homes for sale when they can. It is about knowing your options and talking to a professional. If you are one of these many people who needs to know the options, feel free to reach out to us. We would love to help you make your owning goals a reality.

May 2018 Tampa Real Estate Stats Statistics about home sales, inventory, luxury market

 

There are many Tampa Bay area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here to learn about our “Your Home Sold Guaranteed in 29 Days” program or for a free property valuation so you know what your home can sell for in today’s market. You may also call me at (813) 359-8990 for a FREE home buying or selling consultation to answer any of your real estate questions.
 
Andrew Duncan, #1 RE/MAX Agent in Florida, together with Robert Johnson, President of The Duncan Duo team, Mike Yates of Atlantic Mortgage, and Aaron Davie from Florida Agency Network, Hillsborough Title and Strategic Title, talk about May stats and how the real estate market in Tampa is doing.

Currently, there is 2.1 months of inventory which is a drastic seller's market. What it means is that homes are selling fast. There are not as many options as there used to be. There are bidding wars. There are more buyers than there are sellers.
 

According to GTAR, 3,670 home sales is the most number of home sales in a month that has been recorded for more than a decade. It beat last May's 3524 home sales which was the 2nd best month last year. May of 2018 has been the best month we have seen in a long time. May's sales is up from 2900 in April and has an average sale price of $265k.

Homes in the mid to upper average price points are selling fast. Buyers need to be prepared as there are not a lot of options for buyers as there used to be. This can also be seen trickling down to the higher end market, too, as there are more sales than there are inventory.    

Tampa is still considered one of the most affordable housing market.


To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sunday at 10 am.

Getting to Know the New President of The Duncan Duo Team




Robert Johnson was recently promoted to president of the Duncan Duo Team, and today he’s joining me to answer questions about himself and his background.

Robert has been in real estate for almost eight years. Prior to joining the team, he didn’t have much experience. In fact, he says that he only had one sale.

Growing up in Tampa, Robert's family has been in the area for generations. Now married with three kids, his family has grown with his real estate career. His first son was actually born the same month he started with the Duncan Duo Team. In the years since he started, we have had the opportunity to get to know his family.

Of course, we already knew some of them since they work with us as well. His mother is a transaction coordinator and his cousin is the No. 1 agent in the company. He has even had friends work with us. He tells us that, although it was weird in the beginning, working with friends and family helped him thrive. Since they were able to blend together well, they have done great things through the years.

When Robert started eight years ago, he was a buyer's agent. He then became the No. 1 buyer's agent before becoming the No. 1 listing agent. From there, he was promoted to run the entire listing division team. Robert has done nearly every job in the company.

And now, after all his hard work and skill development, he has been promoted to president. Through the years, we have grown and so has Robert's success. In his first year, he only had 18 closed sales. Since then, he has had a year with 124 of them.


Through the eight years that Robert has been with us, The Duncan Duo Team has grown, much like his success.



When Robert first started with the company, there were only five people in a tiny office space. Through the years, however, it has grown, much like his success—In his first year he only did 18 sales, since then, however, he has had a year with 124 closings.

Personally, Robert, who went to Gaither High School and USF, says that he loves real estate. He enjoys water sports, baseball, Star Wars, and Disney. But mostly, he loves anything that involves his family.

If you have any additional questions for the man we now refer to as “El Presidente” or for me, please feel free to reach out to us. And, as always, if you are looking at buying or selling in the Tampa area, please call or email. We look forward to speaking with you soon.