Thread: Great deal, not a short sale!
10-09-2008, 06:44 PM #1
Great deal, not a short sale!
Pretty excited about this listing I just got in Flamingo. It is the original owner, never been rented and it is not a short sale! I listed it for $239,000 and think it is a great deal based on recent sales in Flamingo which seems to be a hoping spot if priced right. I have already had great interest in this home and it has been on the market 2 days. I give it maybe 45 days total. If you want to live near the beach for north of 98 prices don't miss this one!
Thanks for looking.
Last edited by Bobby J; 10-09-2008 at 06:46 PM.
10-10-2008, 11:34 PM #2
Nice listing Bobby J.
3 bedrooms @ that price, with enough cash down, you have a very viable alternative compared to keeping your cash in a savings account.
I'm not one to offer advice - wise men don't need it, fools won't listen to it, but I think we're entering a period where real estate will become an increasingly attractive alternative to other investments. Stock market, bond market, bank savings, gold, other commodities, etc. will become increasingly risky.
If I were a realtor, I would be looking to begin to market my services as a way to protect retirement nest eggs the good old fashioned way - by making a large enough down payment on a piece of real estate that generates income.
I can keep $250,000 tied up in a bank that I am not sure will be around in 1 year and earn 2%, or I can buy a home in paradise and earn 7%.
Good quality real estate in attractive markets with long-term growth prospects, priced at the right point will be the first place the SMART money goes when the market starts to turn.
Your listing is a great example.
Now we can get back to pricing real estate the good old fashioned way - run the numbers vs. emotion.
The Following User Says Thank You to YoungFT For This Useful Post:
10-10-2008, 11:59 PM #3
10-11-2008, 12:12 AM #4
Last edited by SHELLY; 10-11-2008 at 12:14 AM.But hey...Top Ramen tastes a whole lot better when you eat it off of a Granite Countertop. (Mr & Mrs Too Much Homebuyer)
10-11-2008, 02:57 PM #5
I am very careful to never use the words, "great investment". My clients seem to using those terms allot lately.
02-17-2009, 11:44 AM #6
03-19-2009, 10:34 PM #7
03-20-2009, 04:56 AM #8
- Join Date
- Jun 2005
- Dallas/WaterColor/on computer
The Following User Says Thank You to Miss Kitty For This Useful Post:
08-12-2009, 10:57 PM #9
09-16-2009, 08:03 AM #10
By SoWalSally in forum Real EstateReplies: 27Last Post: 12-04-2008, 07:21 AM
By Ilovethebeach in forum For Sale | Trade | Free | WantedReplies: 1Last Post: 10-01-2008, 09:58 AM
By DavidD in forum For Sale | Trade | Free | WantedReplies: 5Last Post: 07-27-2008, 02:56 PM
By hanuman in forum For Sale | Trade | Free | WantedReplies: 0Last Post: 07-20-2008, 09:44 PM
By Luce Jane in forum For Sale | Trade | Free | WantedReplies: 4Last Post: 07-17-2008, 02:29 PM