1. Summer's End Clearance Sale Everything 30-50% off at Moon Creek Gallery in Grayton Beach Plaza on 283! Your favorite SoWal Photo Prints, Matted Prints, Framed Prints, SoWal T-shirts & Hats.

Distress - Must Sell!

Discussion in 'Real Estate' started by patticakes, Aug 30, 2006.

  1. patticakes

    patticakes Beach Lover

    Joined:
    Apr 14, 2005
    Messages:
    96
    Likes Received:
    0
    Location:
    Kansas
    3 bedroom/3 bath gulf-front condo at Dunes of Seagrove. Beautifully decorated, great complex, great rental history.

    Here is a link to Kurt's virtual tour:
    http://www.emeraldcoasttours.com/108a-dunesofseagrove/

    Listed at $995k. Price drop to $875k. Bring all offers. Must sell!
     
  2. FLSunChaser

    FLSunChaser Beach Lover

    Joined:
    Apr 26, 2006
    Messages:
    66
    Likes Received:
    0


    PattiW - I just received an email from your agent on this unit and she quoted the price at 995,000 as "must sell, make offer". If you're willing to take 875K for it, you should have her address it that way. It certainly sounds more appealing at 875K
     
  3. patticakes

    patticakes Beach Lover

    Joined:
    Apr 14, 2005
    Messages:
    96
    Likes Received:
    0
    Location:
    Kansas
    I've been trying to contact my agent all day to instruct her to drop the price. It will be updated in MLS by tomorrow hopefully. $875k is the new price.
     
  4. FLSunChaser

    FLSunChaser Beach Lover

    Joined:
    Apr 26, 2006
    Messages:
    66
    Likes Received:
    0

    Thanks Patti for the clarification on the price. Hopefully lowering the price to 875K will generate activity.
     
  5. Unplugged

    Unplugged Beach Fanatic

    Joined:
    Jul 31, 2005
    Messages:
    519
    Likes Received:
    0
    pattiw - I looked at your virtual tour - very nice - I may have some interested clients and will send them to your agent if they wish to proceed.
     
    Last edited: Aug 30, 2006
  6. notail

    notail Banned

    Joined:
    Feb 20, 2006
    Messages:
    20
    Likes Received:
    0
    Patti is being completely honest about this being a "distress" price at no profit to her. The Walton County property appraisor's website shows this condo was purchased in May 2005 for $1.15 Million.
     
  7. patticakes

    patticakes Beach Lover

    Joined:
    Apr 14, 2005
    Messages:
    96
    Likes Received:
    0
    Location:
    Kansas
    I OWE a lot more than the new asking price. It will take everything I have saved to pay off the loan & pay closing costs.

    My timing sucked on this purchase. Nobody's fault except my own. Slow nickels for me from now on.

    Life throws you weird curves sometimes. When it rains...
     
  8. Beachbummett

    Beachbummett SoWal Insider

    Joined:
    Jul 16, 2005
    Messages:
    5,748
    Likes Received:
    207
    Location:
    Birmingham and Watersound
    Here is a big hug PattiW, I feel so bad for you,:wub: just remember things will get better and keep your chin up!
     
  9. dsilvar

    dsilvar Beach Fanatic

    Joined:
    Jan 12, 2006
    Messages:
    307
    Likes Received:
    0
    Location:
    Miramar beach
    Hi Patti,
    I ment to get back to you..you had sent me a email about the condo. Its too sweet for me but there are friends from Atlanta who are in the market and I have sent them all the details. If I hear anything from them I will shoot you a email right away.
    Meanwhile, lots of love and GOODLUCK and I will say a prayer for you.
    regards
    ray dsilva
     
  10. patticakes

    patticakes Beach Lover

    Joined:
    Apr 14, 2005
    Messages:
    96
    Likes Received:
    0
    Location:
    Kansas
    Thank you Ray for passing on the info to your friends. If they want to see it (or if any realtors would like to show or preview), there are no rentors in right now so should be easy to set up a viewing.

    Side note: Unit is on rental program with BRoSW. Bookings for 2006 around $40k (would be higher but used 3 peak & spring break weeks myself).
     
  11. patticakes

    patticakes Beach Lover

    Joined:
    Apr 14, 2005
    Messages:
    96
    Likes Received:
    0
    Location:
    Kansas
    Just turned down a rental for this holiday weekend so condo can be shown without any issues. Give Ann Mosely at Pelican Seagrove office a call to set up a viewing - 850.231.1902.
     
  12. Unplugged

    Unplugged Beach Fanatic

    Joined:
    Jul 31, 2005
    Messages:
    519
    Likes Received:
    0
    Thanks for the update pattiw - we are going to try to preview it for our clients, so we'll give her a call.
    ______________________________
     
    Last edited: Aug 31, 2006
  13. Smiling JOe

    Smiling JOe SoWal Expert

    Joined:
    Nov 18, 2004
    Messages:
    31,648
    Likes Received:
    1,771
    Pattyw, I see that Kurt's virtual tour is now posted in your listing. I am glad to see it in there, because it helps to show off your beautiful condo.
     
  14. RiverOtter

    RiverOtter got any pics?

    Joined:
    Nov 15, 2004
    Messages:
    11,446
    Likes Received:
    108
    Location:
    Chattanooga, Tennessee, United States
    Patti, I just sent this link to a friend of mine in the Nooga. Good Luck.
     
  15. hutch

    hutch Beach Lover

    Joined:
    Feb 19, 2005
    Messages:
    189
    Likes Received:
    1
    Location:
    On the Bay Walton County, Lake Burton
    Patti;

    If things do not work out. You may want try an auction/marketing firm.
    National Auction Group out of Gasden, AL. sell high end properties all over the United States. They are the same auction group that tried to sell Kenny Rogers Farm in Athens, GA. Yes, they sold it, but the buyer did not go thru with the sell. :eek: Still in courts. They have done auctions of other properties in Destin, 30A areas and are very good at what they do. I have been to several of their auctions and they do an excellent job at screening potential buyers before allowing them to bid. Not cheap, but they may help you recover some of your money back.

    http://www.national-auction.com/

    Good Luck!

    the hutch
     
  16. bsmart

    bsmart brain

    Joined:
    Aug 19, 2005
    Messages:
    1,393
    Likes Received:
    6
    Location:
    Atlanta, GA.
    pattiw, I forwarded your information to someone who may be interested. Good luck to you!
     
  17. patticakes

    patticakes Beach Lover

    Joined:
    Apr 14, 2005
    Messages:
    96
    Likes Received:
    0
    Location:
    Kansas
    Not ready to try the auction approach yet. Hopefully at the new asking price I won't have to resort to that.
     

Share This Page