Learn more about Foreclosures for sale in St Petersburg FL. St. Petersburg is a city in the Pinellas County in Florida having a population of around 253,693 people according to the latest census in 2014. It is the fifth most populous city in the state of Florida. St. Petersburg is also the second-largest city in the Tampa-Bay Area.
Also nicknamed “The Sunshine City”, St. Petersburg receives an average of 361 days of sunshine annually. In fact, the city holds a spot in the Guinness World Records as the city that logged most consecutive days of sunshine. Can you believe it? 768 days of consecutive sunshine!
The low living costs in the city combined with the good weather make St. Petersburg, FL a good place to move in to. In fact, the city was rated as the top mid-size city by the ‘American Style” magazine in 2011 due to its vibrant and artistic style.
St Petersburg FL Real Estate spans over more than 100 neighborhoods with many historic districts located near the waterfront. The city boasts an elegant downtown with commercial and residential skyscrapers, museums, art galleries, parks, cafes, restaurants, and much more.
The central business district of St. Petersburg is located in Downtown which is home to many startup companies, law firms, banks, and corporation branches that are creating employment opportunities for the locals in the area.
Apart from the cultural and business aesthetics, the downtown is also home to the University of South Florida St. Petersburg and Petersburg College.
Here’s an interesting tidbit, the city has also been featured in various Hollywood movies such as “Once upon a time in America” (1984), Ocean’s Eleven (2001), Spring Breakers (2013), Dolphin Tale 2 (2014) and various others.
With award winning mesmerizing beaches, top-rated restaurants, beautiful parks and of course the world famous Salvador museum, St. Petersburg is a great city to explore. The locale market is full of freshest and finest artisanal foods. It’s no wonder that the city is a favorite of tourists.
The rare combination of low living costs with good amenities on a good location that is offered by St Petersburg FL Real Estate is hard to find. If you’re looking for a central Florida home, you should definitely be looking into this city.
The good news is that there are several foreclosures open in the area that you can find listed on our website. Browse through our listings of St Petersburg, FL foreclosures and give us a call if a location catches your eyes. We’ve been working in the area for years, our team will help you find exactly what you’re looking for.
Facts about St Petersburg FL Foreclosures for Sale
You can often buy Foreclosed property at Discounted Prices
A foreclosure is a legal process in which the lender of a loan (usually a bank) tries to recover the balance of a loan from a borrower (who has stopped making payments) by making him sell the assets that were offered as a collateral to the loan.
Thus the lender is often in a hurry to close the sale in order to redeem his payment. This often means that he is willing to sell the property in discounted prices just to speed up the process. If you’re lucky you may even be able to find property that’s selling below market price. This is a great investment, because if you decide to sell that property in future once the property value appreciates you can earn significant returns on investment.
Foreclosed Property Often comes with baggage
Foreclosed homes often need some repairs before you can move into them because in most cases they have been empty for quite a while. However this is not necessarily a bad thing, because you can always negotiate lower prices according to the magnitude of the repairs required.
Buy Foreclosed Property from Local Real Estate Agents in St Petersburg FL
Local Real Estate agents are well informed about their area. They know about the market trends, the neighborhoods amenities, commute times, and about red flags that may not be readily apparent such a proposed plan to combustion plant in the neighborhood.
Local Realtors can help you avoid pitfalls that others can’t. So if you’re looking to invest in Central Florida Real Estate; you want a home in St Petersurg FL contact us today. We’ve years of local experience in the St Petersburg FL real estate, we’ll help you find just what you’re looking for.
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