• Trouble logging in? Send us a message with your username and/or email address for help.
New posts

2bohemians

Beach Fanatic
Jul 11, 2005
1,227
223
www.searchthe30a.com
Pt Washington Home ~ Acre +

Ok SoWal Folks,

We are asking for your feedback again on this one. The sellers are considering lowering the price of this property to $199,500. They really do need to sell. Is there anyone out there interested at this reduced price ???
 

SHELLY

SoWal Insider
Jun 13, 2005
5,763
803
Re: Pt Washington Home ~ Acre +

Ok SoWal Folks,

We are asking for your feedback again on this one.

IMO they'll need to get under the market--instead of chasing the market down--in order to move this. My guess would be $170-175K tops--and jump on the first closest offer.

Problem is, they've kinda missed the boat for their target market (mobile homes) since NINJA and subprime mortgages have dried up considerably over the last 2 weeks. Moreover, it's going to be much more difficult now to convince a banker that $250 a sf for an 8 year old mobile home is a good credit risk.

A new era in real estate started in August '07--realtors and sellers need to go back to the drawing board and regroup.

.
 
Last edited:
New posts


Sign Up for SoWal Newsletter