Lot in Gated Subdivision on 30-A Priced $134,000 Below Appraisal

[SHELLY]

Re: Lot in Gated Subdivision on 30-A Priced WELL Below Appraisal

Wow- that's a deal....someone better scoop this up!

Why don't you grab it Dave?

 

[SHELLY]

Spencer, I guess Shelly is just always pushing prices lower. $399K is a great price for a lot in there.

It's a greater price than it was on 27 and 30 March, and certainly a greater price than the two that were sold for a cool $Quarter-Million MORE just recently (talk about buyer's remorse!). The sticking points appear to be:

(1) Market "correcting" (RE doesn't move in days anymore)
(2) Investulators leaving the building
(3) Entering into hurricane season (await to see how it goes)
(4) "Easy money" drying up
(5) Build-out requirement
(6) My total control over the U.S. Real Estate Market

All add up to a bigger risk premium the owners are going to have to figure into the asking price.

The question everyone has to ask themselves is...if I think the price is SO spectacular, why am I not buying it? The answers (which will be many and varied) will be the among the reasons it's not moving as fast as one thinks it should.

 

[GreenWaveDave]

Re: Lot in Gated Subdivision on 30-A Priced WELL Below Appraisal

Why don't you grab it Dave?

Already own enough, but if I didn't I would.

 

[Smiling JOe]

I am not buying it because I don't need or want a second beach home, hate the architecture, don't have pockets deep enough, cannot buy every good deal which comes along, etc

 

[Miss Kitty]

I am not buying it because I don't need or want a second beach home, hate the architecture, don't have pockets deep enough, cannot buy every good deal which comes along, etc

Tell us how you really feel! No likey the UPSCALE Med architecture? ;-)

 

[Smiling JOe]

Tell us how you really feel! No likey the UPSCALE Med architecture? ;-)

Bingo! especially 3500 sf home with pool downstairs on a lot so small. Just not my taste, but don't let it stop you from liking it.

 

[Miss Kitty]

Bingo! especially 3500 sf home with pool downstairs on a lot so small. Just not my taste, but don't let it stop you from liking it.

I see enough of that "upscale" europeeing architechture in Dallas to last a lifetime. Give me cinderblocks and lapboard siding anyday. We toyed with building a house in Dallas a while back...I decided we would build a beach house!!!!

 

[jessifunn]

I see enough of that "upscale" europeeing architechture in Dallas to last a lifetime. Give me cinderblocks and lapboard siding anyday. We toyed with building a house in Dallas a while back...I decided we would build a beach house!!!!

i like cinterblocks houses w/ pink doors

 

[Kimmifunn]

i like cinterblocks houses w/ pink doors

brickyard.

 

[beachmouse]

I do like the faux-Med homes in this area because it gives you another elevation option for building with concrete that ends up looking 'right'. But if you're talking about stucco over wood frame, then ick.