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Need to dump your property?

Smiling JOe avatar
Smiling JOeSoWal Expert
31,898 views
If anyone knows of or has the need to dump a property, or development project, please let me know. You may pm me the info. Other agents welcome. Bring me your hip pocket if it is priced right. Willing to spend up to 50M, cash, quick closings. Doesn't have to be one big property. Gulf Front is acceptable. Price should be reflective of "needing to dump."

Thanks
sj

Replies

136
Bobby J avatar
Bobby JBeach Fanatic
#127
The first-time home buyers have been priced out of the market.

Very true Shelly but that does not mean they are not one of the two types of buyers that will always buy if given the product. Hopefully one day we will have a true first time home buyer market....
Sandcastle avatar
SandcastleBeach Fanatic
#128
68 Pine Needle Way in Watercolor, on the block for quite a while...listed for sale at $1.7M, then at $1.4M, then went to auction this past weekend. A single bidder...SOLD! for $860K. (Whah..whaw...whaw)

Was an additional 10% buyer's premium paid?:idontno: If so, that would put the price at $946K.
SHELLY avatar
SHELLYSoWal Insider
#129
Was an additional 10% buyer's premium paid?:idontno: If so, that would put the price at $946K.

The "cost" would be $946K; the "market price" would be $860K.

But at least the seller hadn't gotten to the point of dressing up as a Duck:

"With her husband's work as a resort executive taking them to Colorado, Angel McCormick decided to sell their house herself to save the real estate commission and try to break even on their investment.

She held her “For Sale” sign while wearing the bright yellow duck outfit for nearly 11 hours over four days on various well-traveled streets near her home. It brought her lots of smiles and waves, one unappreciated hand gesture, three requests for fliers, three phone queries and one house tour by a couple who followed her home. Despite McCormick's ingenuity and a few low-ball offers, however, her house remains on the market."



(http://www.jsonline.com/story/index.aspx?id=505713)

Edited

HuntcloseBeach Comber
#130
Heres one even better than that - I have $500,000.00 to buy distressed properties on 30-A. If you or anyone you know is looking to "un-load" or
"dump" I can help. Builders and owners are welcome to email. Those that are bleeding or know of any bleeders please call. Agents are welcome.

Please send e-mail to huntclose@aol.com
HuntcloseBeach Comber
#132
Ohhhh so much to harvest and with such little help we might not have time to get to all of these by 2008.

"Never seen these prices get to this level" - quote of the day at Starbucks Destin.

Hang in there all we can look to the moons and stars to align in the spring of 2009.

Hunt
Bobby J avatar
Bobby JBeach Fanatic
#133
Heres one even better than that - I have $500,000.00 to buy distressed properties on 30-A. If you or anyone you know is looking to "un-load" or
"dump" I can help. Builders and owners are welcome to email. Those that are bleeding or know of any bleeders please call. Agents are welcome.

Please send e-mail to huntclose@aol.com

This is becoming a very common request. The herd is slowly moving😀
BiffBeach Fanatic
#134
The "cost" would be $946K; the "market price" would be $860K.

But at least the seller hadn't gotten to the point of dressing up as a Duck::floor: :floor: :floor: :floor: :floor:
Franny avatar
FrannyBeach Fanatic
#135
68 Pine Needle Way in Watercolor, on the block for quite a while...listed for sale at $1.7M, then at $1.4M, then went to auction this past weekend. A single bidder...SOLD! for $860K. (Whah..whaw...whaw)

The seller pd $325,000 in 04 for this house. Think they did ok!!:lolabove:
Sandcastle avatar
SandcastleBeach Fanatic
#136
The seller pd $325,000 in 04 for this house. Think they did ok!!:lolabove:
I still say that the buyer paid $946K for that house and he or she got a very good deal at that.
fisherBeach Fanatic
#137
The seller pd $325,000 in 04 for this house. Think they did ok!!:lolabove:


As a realtor, you should be able to do better research than this. :confused: The seller paid $325k for the raw piece of land, not the house. Don't your know the market?? No house in Watercolor ever sold for anywhere close to $325k--not even the condos originally sold for that low a price.

When you add the cost of the land to the cost per square foot to build the house, the seller broke even at best. In all likelihood the seller took a loss on the investment when considering the cost of the land, the cost of the house and the carrying costs since 2004.

Edited

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