Central Florida Nesties
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
KA&JJ
Hi there,
I just saw your post below about finally getting an offer accepted and just wanted to say congrats! We are going thru the process right now and just found out today that our 3rd offer on a home was outbid by another buyer 
The first two were bank owned and the bank was not willing to budge at all! So I'm super excited to hear that you got a great deal on a bank owned home. Which bank owned this particular home? Hopefully they will be super easy to deal with prior to closing.
We are finding the CFL market to be really tough for entry level homes... Pass some of that luck on my way!!
Re: KA&JJ
Hang in there--I can totally empathize with you!!! All of the homes we were bidding on were either short sale or bank owned... we were outbidded multiple times, and it sucked--especially the home with the pool! Which was something we both didn't require but would love! I agree that right now all first time home buyers or people with tight budgets are entering the market, and I think that it's only going up from here! There is a lot more competition from the market.
I do not know who the bank is; although when I find out I'll let you know. I do know that the home we are buying had been bank owned and on the market for 4 months already, so I think that was a big reason why we got such a great deal!
I also wanted to let you know that there was an article in the Orlando Sentinel on Tuesday, June 30th on how the state is going to give first time homebuyers there $8k up front to stimulate Florida's slumping housing market. Then when you get your $8k in stimulus money from the state in the spring you repay them back.... we are looking into it. The contact is: Kerwin Mellott: 407-836-5172 kerwin.mellott@ocfl.net that's the orange county contact. I tried finding the article on-line, but I couldn't find it--sorry.
Thanks for the info! I read that article but didn't see any contact info. We were beat out a few times because we asked for closing costs to be covered so our next bid we may just pay it ourselves and not ask for it. I'd hate to lose a house we love over a few grand.
You'll have to keep me updated on everything... I'm interested in hearing how the process is for closing on a bank owned home.
I would still keep putting your offers with closing cost included unless you have the extra money to shell out at the time of closing.
Stay positive--I swear we looked at easily 100 houses since the middle of April and within those 100 we only placed 8 offers! Half were short sale and half were bank owned. How much time do you have? If you have a lot of time to sit and search you can be pretty safe to go with a short sale, but if you are in a situation like me where my landlord is foreclosing on our townhome and we have to be out by the end of this month--then your better to go with a bank owned... they are typically known to move faster!
I'm interested to see how the process goes as well!