AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,000

[P.A.G.]

Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

To answer your question, I don't believe that our time is being wasted. This property has now been marketed on a national level. This isn't an out of the line asking price by any means.

 

[fisher]

Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

The sellers are the builders of this home so there is no original purchase price for the house. The home was last listed for a short period of time at $899,000 and previously at $995,000. We sold the last home in Palmeira at auction for $930,000.

Can you explain what happened with the last sale at $930k?

The Walton County records show that the house changed hands twice on April 7--once at $930k and then again at $1.45 million.

 

[P.A.G.]

Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

The winning bidder flipped the house.

 

[fisher]

Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

The winning bidder flipped the house.

Quite impressive--smells a bit fishy to me though.

 

[P.A.G.]

Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

I don't know the details.

 

[SHELLY]

Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

I don't know the details.

Good Answer!

.

 

[bdc63]

Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

A $520,000 profit inside of 24 hours? My, my ... that is an interesting development. I'd love to see those two bank appraisals.

 

[Capricious]

Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

"...I understand about auction reserves for rare and collectable items (that people really want) is pretty much the norm , but in the case of house auctions, having a reserve price hasn't been as successful as the owners' had hoped..."




As someone who rode the Branson, MO real estate boom in
the early '90s a little bit too long and then tried to unload
via an auction, I will "second" that.

Of course, the dollar$ where several magnatudes down
from what we are discussing here.

 

[SHELLY]

Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

And the winner is?......


.

 

[Capricious]

Re: AUCTION - Palmeira Villas of Seagrove Beach - NEW published minimum bid of $750,0

"And the winner is?......"



Probably PAG, as they got their money up-front, I would imagine.