By Chuck Vosburgh, Realtor
NextHome Gulf to Bay
Zombies are a problem in every town. They are unsightly, unkept and sometimes they’re dangerous and smelly. You may even have them on your street. Zombie properties are the houses that just sit there vacant, ugly and running down the values of all the nice homes like yours. More than one in every 150 homes in the Tampa Bay area is in foreclosure and Florida is second in the nation in foreclosures.
What can you do?
Most of the time there will be a sign on the front of the house, either on the door or in the front window with a number to call. If calling the property manager doesn’t help, call your local code enforcement official to make the owners maintain the property.
The good news
The good news is that these houses are slowly getting bought and fixed up. Realty Trac reported foreclosures in Florida are down 17% compared to last year and lenders are making it easier for people to buy. According to mortgagestats.com, Florida is 4th in lending volume in the US. The real estate market continues to be strong and a seller’s market is expected to continue which will accelerate the sale of distressed properties. No matter what, be patient. The zombies will eventually go away.
What’s your property worth right now?
If you’d like to know what your home is worth, give us a call or send us an email. We’ll be happy to do a market analysis for you. It’s free and no strings attached. Call 727.743.1740 or email Chuck@VosburghandVosburgh.com