real estate ads

[hi n dry]

The below attached ad in the walton Sun seemed interesting.
I am just posting it for comments-it is not mine.

[kurt]

So I should be realistic about the market but also be willing to sell my property for less than it's worth?

They could save a few bucks by running an ad that says "desperate and want to get screwed? Call 1-888...

[Cork On the Ocean]

Did you notice the Destin or South Walton ONLY,

There must be some people who think these beaches are a good investment.
As many have said, there's something very special about this area that keep people coming.

[Sandcastle]

The vultures are circling ! It would be nice to have some surplus cash to invest.

[Smiling JOe]

For the last few days, I have had several sharks calling me saying they are ready with cash in hand.

[goin' coastal]

I actually think there are some good buys out there. You could not buy the lot , build(at today constructions cost), and furnish for the price of these houses. Some with pools, custom cabinets, granite, whirlpools etc. It really is a mystery why no one is buying. Is it fear of gators or crocks with the news of the week?

Good thing I am house poor or I would be trying to get another loan.

[Sandcastle]

For the last few days, I have had several sharks calling me saying they are ready with cash in hand.

Hopefully, they'll eliminate some of the sellers who keep reducing their prices by the hour.

[Smiling JOe]

Hopefully, they'll eliminate some of the sellers who keep reducing their prices by the hour.

Some of those people were way overpriced to begin with. There are definitely good buys here and there, and a small few are getting snapped up very quickly after they are priced to move.

[Cork On the Ocean]

The vultures are circling ! It would be nice to have some surplus cash to invest.

You have no idea. Been working on one that wants to spend $150 million every month for 3 years. Yes you heard it right! Have already contracted 2 packages. They have specific criteria but they really aren't looking to steal the property. They're offering fair money for the product they want.

Have others that know when to buy and are looking for the right deal so I'm keeping my fingers cross that we can get inventory down. This has been the first big spike of activity for me so we'll see.

[InletBchDweller]

Good for you you could go and get some bling for Sunshine!! Did you get my email about the large parcels for sale???

You have no idea. Been working on one that wants to spend $150 million every month for 3 years. Yes you heard it right! Have already contracted 2 packages. They have specific criteria but they really aren't looking to steal the property. They're offering fair money for the product they want.

Have others that know when to buy and are looking for the right deal so I'm keeping my fingers cross that we can get inventory down. This has been the first big spike of activity for me so we'll see.

[Cork On the Ocean]

Good for you you could go and get some bling for Sunshine!! Did you get my email about the large parcels for sale???

No didn't get them. Did you give to me or Jo? I need bayfront Santa Rosa Beach for development that can have slips of some sort. Also daddy warbucks wants large waterfront parcels and assignments of residential or commercial that he can put into use right away. Must be assembled into the 150 mil blocks. Let's talk tomorrow. Going crazy so bear with me.

[InletBchDweller]

ok yes I emailed them to your work email several days ago...I guess maybe she deleted them and thought I was another spam ecar realtor!!! Yes lets try to get up I need a break.....will explain later....over wine...or a shot...or needle in my arm (jk)

No didn't get them. Did you give to me or Jo? I need bayfront Santa Rosa Beach for development that can have slips of some sort. Also daddy warbucks wants large waterfront parcels and assignments of residential or commercial that he can put into use right away. Must be assembled into the 150 mil blocks. Let's talk tomorrow. Going crazy so bear with me.

[Cork On the Ocean]

ok yes I emailed them to your work email several days ago...I guess maybe she deleted them and thought I was another spam ecar realtor!!! Yes lets try to get up I need a break.....will explain later....over wine...or a shot...or needle in my arm (jk)

Tomorrow early eve?

[InletBchDweller]

i saw in my pm you sent me...lets make it work...

Tomorrow early eve?

[kurt]

No didn't get them. Did you give to me or Jo? I need bayfront Santa Rosa Beach for development that can have slips of some sort. Also daddy warbucks wants large waterfront parcels and assignments of residential or commercial that he can put into use right away. Must be assembled into the 150 mil blocks. Let's talk tomorrow. Going crazy so bear with me.

http://www.peachcreekproperty.com

[Cork On the Ocean]

http://www.peachcreekproperty.com

Thanks K, have some one checking out tomorrow.

[Sandcastle]

You have no idea. Been working on one that wants to spend $150 million every month for 3 years. Yes you heard it right!

Good GOD, Cork! If my math is right that's $5.4 billion!

The market cap. of JOE is $5.3 billion. Is this money that's allocated to the panhandle or the whole state?

[Spencer]

As much as I do believe in this market, with 5.4B, there are better places for it to go. You could take 5.4B to Dubai and triple it over 3 years. Just my opinion.

[Smiling JOe]

As much as I do believe in this market, with 5.4B, there are better places for it to go. You could take 5.4B to Dubai and triple it over 3 years. Just my opinion.

so is Dubai the place where you are buying right now?

[Spencer]

On a much smaller scale. There are some great international markets out there right now that I'm learning as much as I can about. I plan on making some visits in the next month or two. Costa Rica is another great one.

[Smiling JOe]

On a much smaller scale. There are some great international markets out there right now that I'm learning as much as I can about. I plan on making some visits in the next month or two. Costa Rica is another great one.

If you like Costa Rica, check out Panama, which is just as beautiful, but half the price.

[Spencer]

I agree, Panama is beautiful, but it doesn't have the Americans flocking to it like Costa Rica. I look at Costa Rica as a 3-5 yr investment and the returns will be astronomical.

[Smiling JOe]

I agree, Panama is beautiful, but it doesn't have the Americans flocking to it like Costa Rica. I look at Costa Rica as a 3-5 yr investment and the returns will be astronomical.

...and there in lies the beauty.

[Spencer]

Not on an investment standpoint.

[Smiling JOe]

Not on an investment standpoint.

Americans are going there. Don't you read the travel magazines? There are plenty of investors and developers from SoWal buying Panama as I type. A group I work with go down once a month and take small groups of investors with them.

[Spencer]

Well, maybe I'll take a look at it. I, for one, believe that Costa Rica is a VERY profitable market right now. That is what i'm concentrating on.

[Smiling JOe]

Well, maybe I'll take a look at it. I, for one, believe that Costa Rica is a VERY profitable market right now. That is what i'm concentrating on.

Start with Bocas del Toro. It is somewhat like the Grayton Beach of Panama -- very laid back, but plenty to do in the nearby big cities. Also check out Red Frog Beach.

[Cork On the Ocean]

Good GOD, Cork! If my math is right that's $5.4 billion!

The market cap. of JOE is $5.3 billion. Is this money that's allocated to the panhandle or the whole state?

You got that right SC and there are 2 different groups of them. I have had contact from international buyers in the past but never on this scale. They know what's happening here. They know that people with existing properties are dropping like crazy and are better buys than new construction. They also know that construction costs are so high that the developers are having a hard time building for the same price (let alone make a profit). They also know that some developers have a boatload already invested into a development order and they can't reach their presales while interest rates are rising which will cost them even more. They also know that some developers have closed phase one with promises of amenities etc and they can't sell phase II to complete the project and there's gonna be a lot of angry people and potential litigation.

These guys know our market better than we do and that's why they have this kind of money. Each one has different criteria of what they want but one is looking for assorted packages of properties with immediate income potential or large bayfront or gulffront parcels. The other is looking to help a developer in trouble with complete confidentiality. They don't want to take their project away and they don't want somebody who isnt committed to completing their project. They want to help the developer meet their presales now and complete the project. They're very creative but they only want precons. It's clearly a buyer's market and the one's that make the most in this game are buying big time. Hope I can find what they want.

[SHELLY]

Well, maybe I'll take a look at it. I, for one, believe that Costa Rica is a VERY profitable market right now. That is what i'm concentrating on.

I can-not believe it! I go away for a few lousy days vacation...the market tanks over 200 in one day, gold craters, mortgage rates go up again and you guys are talking about speculating in land in Costa Rica....sheesh!

[TooFarTampa]

I can-not believe it! I go away for a few lousy days vacation...the market tanks over 200 in one day, gold craters, mortgage rates go up again and you guys are talking about speculating in land in Costa Rica....sheesh!

Hope you had fun getting out of your rut!

[Sandcastle]

You got that right SC and there are 2 different groups of them. I have had contact from international buyers in the past but never on this scale. They know what's happening here.

Thanks for the info, Cork. I really appreciate the input that you and SJ provide.

Some friends with FSBO signs on their SoWal lots have had a few sharks (vultures) call lately. That’s the first action they’ve seen in months. Hopefully, things are changing for the better.

[InletBchDweller]

Spencer I am leaving for Costa Rica in 5 days, maybe I will check some stuff out...

Well, maybe I'll take a look at it. I, for one, believe that Costa Rica is a VERY profitable market right now. That is what i'm concentrating on.

[Pirate]

Did that buyer spend their 150m this month?

[Unplugged]

Spencer I am leaving for Costa Rica in 5 days, maybe I will check some stuff out...

IBD, would love to hear more about your trip as well as your views on the area from an [ame="http://www.sowal.com/bb/showthread.php?t=5688"]investment[/ame] perspective...