We get calls everyday asking if there are Clearwater FL waterfront foreclosures, properties and luxury Clearwater Beach real estate bargains, Clearwater FL, Island Estates FL and Sand Key FL; as well as for Pinellas County real estate.

When it comes to real estate bargains in Clearwater - Florida is a Red Hot State and we definitely have our share, so here is some information to help in your property search for your ultimate Tampa Bay real estate deal.

So...Yes, we do have gulf front, waterfront and luxury foreclosures, pre-foreclosures and REO bank owned condos, homes and properties in addition to houses in lovely Clearwater neighborhoods.

Here are some terms used when looking at buying bargain real estate in Pinellas County, Clearwater houses, villas and condos in foreclosures: Clearwater Real Estate Options for Buyers looking for Bargains, Deals and Steals:

Pre-Foreclosure - The Pinellas County home / condo owner has or is about to miss some home loan payments to the bank.

Foreclosure - The Pinellas County home / condo owner has missed mortgage payments and the bank has filed an action with the court to take control of the Pinellas property.

REO - Real Estate Owned (bank owned)- means the bank owns the property (homes, condos, villas, town homes). The bank has taken the property from the home / condo owner and is now selling it.

Realize that in most cases, the bank cannot profit from a home, condo or town home until they own it. That means a pre-foreclosure or foreclosure property is not profitable for a bank and that the bank is trying to minimize the loss.

There can be some great Tampa Bay real estate bargains (especially if you've been thinking about a vacation home or beach house / condo) for those who are patient, and this home buying process can take from a few days to a few months to complete.

Once the bank owns a house (or condo) it becomes a REO. There are bargains to be had with these bank owned properties because we are still in a strong buyer's market.

That means there are too many houses for sale in Pinellas County Florida - remember supply and demand in economics. In a buyers market there is more housing inventory than can be purchased by the number of buyers in Clearwater Florida looking for homes, so you can pick up a good deal.

For example, I just helped a Pinellas home buyer purchase a REO condo for about 25% less than this North Pinellas property sold for just 2 years before.

Finally, it is important to have an experienced Clearwater FL Realtor represent you, the buyer, so that you know the price you will pay for any of the Clearwater homes or Clearwater beach condos for sale is the lowest possible price. You also want to make sure that any issues whether they be from home inspections, liens, egress, special assessments, back taxes, unknown heirs or claims, etc. are corrected, so that you will not have costs uncovered after closing that could wipe out all of the discount you thought you were getting with the purchase.

So, if you are ready to save money on Pinellas County homes or Gulf Beaches condos and have patience, then call us to get started on your Clearwater real estate purchase.