Need to dump your property?

See [ame="http://www.sowal.com/bb/showthread.php?t=7607"]http://www.sowal.com/bb/showthread.php?t=7607[/ame]

Sandestin Luau across from Hilton.

YMMV on if this is a good or great deal - I think it is.

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

I'll go SJ one better. Same parameters except I have a 100k in cash to spend. The profits from my housing stock plays.

so they are vampire vulture capitalists!!!!

Good one!

.

Don't forget the... "Buy now, or you will be priced out forever!!!"

Realtors make a used car salesman look good...

ouch....

ouch....

It only hurts if you are one of the shysters. There are plenty of good people who are Realtors in this area, thankfully.

It only hurts if you are one of the shysters. There are plenty of good people who are Realtors in this area, thankfully.

I agree, and I know of at least 2 good ones. The one selling my house and the one working with the buyer. ;-)

Please don't generalize, not all realtors make those comments!:nono1:

:clap_1: :clap_1: :clap_1: Very true Franny!!!!

It only hurts if you are one of the shysters. There are plenty of good people who are Realtors in this area, thankfully.

SJoe I agree, there are some very good realtors in this area and some very very bad ones. They are the ones that give us the bad name. I hear stories from my loyal clients of other agents blatently calling and soliciting, telling them they can sell their house(if so why dont they bring a contract), and we have even had another agent tell a client of ours that we do not know what we are doing and why would they list with us!!!! Dont worry I have called ECAR on them already...

I believe what comes around, goes around.

:clap_1: :clap_1: :clap_1: Very true Franny!!!!


SJoe I agree, there are some very good realtors in this area and some very very bad ones. They are the ones that give us the bad name. I hear stories from my loyal clients of other agents blatently calling and soliciting, telling them they can sell their house(if so why dont they bring a contract), and we have even had another agent tell a client of ours that we do not know what we are doing and why would they list with us!!!! Dont worry I have called ECAR on them already...

I believe what comes around, goes around.

Pirate wench?

I have a 3BR - 2 Bath condo in the new development of Seagrove Highlands down Somerset Bridge Rd. by the Tom Thumb.
There is one other in the development that is cheaper than mine but I don't think it has a screened in porch.
Mine is on the ground floor and thiers is on the 2nd.
My porch backs up to the forest. It's very cool back there and surprisingly private. The people who are already living in the complex say that they hardly have to use thier AC on this side of the building!!!!
I will sell this one for $518,000.
There will be 2 other buildings going up at a later date but they won't be priced anywhere near this.

I also have a 3 BR - 3 Bath condo at Sides Moreno Point West, beside the Destin bridge. It is 1196 square feet. It's a killer unit with views beyond belief of the sunset over Crab Island. This is a gated development with covered parking.
I haven't done my homework on this to see what the bottom dollar would be but it will be somewhere around $850,000. I've had this one rented for the past year for $3000 per month. It is vacant as we speak.

I also have a unit at the Village of Blue Mountain - furnished - 2 BR-2 Bath that I'll unload for somewhere around $425,000.

423 - 894-0821 Rita

Wench's are todays theme for avatars. We are goofy I know. Wench does not represent me in anyway...

Pirate wench?

Pirate wench?

Who are you calling a Pirate Wench? It's a SoWal wench and yes she is part of the wench committee. But you can only be called a wench by another SoWal wench.

Wench's are todays theme for avatars. We are goofy I know. Wench does not represent me in anyway...

Who are you calling a Pirate Wench? It's a SoWal wench and yes she is part of the wench committee. But you can only be called a wench by another SoWal wench.

Yo Ho Ho!!!! It's the wenchin' life for me!

UOTE=InletBchDweller;154337]:clap_1: :clap_1: :clap_1: Very true Franny!!!!


SJoe I agree, there are some very good realtors in this area and some very very bad ones. They are the ones that give us the bad name. I hear stories from my loyal clients of other agents blatently calling and soliciting, telling them they can sell their house(if so why dont they bring a contract), and we have even had another agent tell a client of ours that we do not know what we are doing and why would they list with us!!!! Dont worry I have called ECAR on them already...

I believe what comes around, goes around.[/QUOTE]

Ditto! Including those that say things they know nothing about!

Who are you calling a Pirate Wench? It's a SoWal wench and yes she is part of the wench committee. But you can only be called a wench by another SoWal wench.

I don't know Earl, but I suspect that it is similar to what it was when Realtors were telling people that "real estate only goes up", and "they aren't making any more water front property" and "I'd go for the no money down, no doc, adjustable rate mortgage to get into that bigger place with the granite counters ... it will appreciate faster"

Hey now, That's Ralph to you! Just don't rationalize the Gordon Gecko approach because you didn't buy before '04. There will be all you can handle coming up in '07.....

I believe that it is just the beginning.



Vulture Capitalists play book:

phase 1: widespread change of seller sentiment

come in with some token seed money in cash ($50M in this case) and buy up all of the distressed seller property at, say, 2002 pricing. this huge reduction in pricing will be widely reported, and sellers will come to fear that this is the new normal, and adjust their pricing downward ... other paniced owners will put their property on the market (trying to cut their losses), so even with the price reduction, there will still be a huge unsold inventory.

phase 2: continue to drive prices down

repeat phase 1 until you have reached a pricing level that buyers start to come back into the market and inventory starts to go down (2001 prices? 2000? ....). how many times this can be repeated is dependent on the economy. at that point, bring your big money to the table and buy whatever is left that you want.

phase 3: move on to San Diego and do it again

Yikes, but thanks anyways.

Are you suggesting that when this market bottoms properties may be able to be bought at 2002 prices?

This would mean a property such as a 2 bedroom condo directly on the Gulf in Seagrove Beach on 30A could be bought for around $250k-$350k(the going price in 2002)?

Or a Gulf view lot in Seagrove Beach for about $150,000?

Or a custom 1500 sq ft house within a quarter mile of the beach for less than $300k?

WOW!

Yikes, but thanks anyways.

Are you suggesting that when this market bottoms properties may be able to be bought at 2002 prices?

This would mean a property such as a 2 bedroom condo directly on the Gulf in Seagrove Beach on 30A could be bought for around $250k-$350k(the going price in 2002)?

Or a Gulf view lot in Seagrove Beach for about $150,000?

Or a custom 1500 sq ft house within a quarter mile of the beach for less than $300k?

WOW!

Wishful thinking.... Even in todays market those prices will never hit the streets. Please call if they do.... 850-865-7798. I know a buyer

Wishful thinking.... Even in todays market those prices will never hit the streets. Please call if they do.... 850-865-7798. I know a buyer

Ditto!

Ingenious ! :roll:

Someone 'fess up. Whose website is this?

Come on ecopal... admit it!

http://www.bargainbeachproperties.com

Yikes, but thanks anyways.

Are you suggesting that when this market bottoms properties may be able to be bought at 2002 prices?

This would mean a property such as a 2 bedroom condo directly on the Gulf in Seagrove Beach on 30A could be bought for around $250k-$350k(the going price in 2002)?

Or a Gulf view lot in Seagrove Beach for about $150,000?

Or a custom 1500 sq ft house within a quarter mile of the beach for less than $300k?

WOW!

I'll add my .02 worth. Not gonna happen.

Wishful thinking.... Even in todays market those prices will never hit the streets. Please call if they do.... 850-865-7798. I know a buyer

We can all speculate about the bottom, but what would be very interesting right now is what price level Smiling Joe?s current "mega buyer" is actually willing to purchase at. i.e. is the buyer looking at prices at the 2001, 2002, 2003, 2004, or 2005 levels?

Wishful thinking.... Even in todays market those prices will never hit the streets. Please call if they do.... 850-865-7798. I know a buyer

Do you think that people in 2000-2001 thought that the NASDAQ was going to revert back to 1995-1996 levels at its bottom???

It is amazing how quickly and how deeply mass phycology has started to rule our markets...

Take for instance Rocky who is trying to sell at $800k or rent for $1600/month... I bet if you take a cash flow look of that property ($1600/month * 120 ~ $200k) we would be right at those dreadfully low 2002 even 2000-2001 values you are speaking of...

When house prices are no longer going up there is no longer a justification to pay 3 to 4 times its income potential for the buyer/investor... Keep in mind there will be a physcology change on the downside as there was on the upside of this boom... People will start to say how houses are a waste of money to buy right now, and they will be looked at very negatively as an investement vehicle just as the stock market was after the 2000-2001 stock market crash...

All just my humble opinion...

Do you think that people in 2000-2001 thought that the NASDAQ was going to revert back to 1995-1996 levels at its bottom???

It is amazing how quickly and how deeply mass phycology has started to rule our markets...

Take for instance Rocky who is trying to sell at $800k or rent for $1600/month... I bet if you take a cash flow look of that property ($1600/month * 120 ~ $200k) we would be right at those dreadfully low 2002 even 2000-2001 values you are speaking of...

When house prices are no longer going up there is no longer a justification to pay 3 to 4 times its income potential for the buyer/investor... Keep in mind there will be a physcology change on the downside as there was on the upside of this boom... People will start to say how houses are a waste of money to buy right now, and they will be looked at very negatively as an investement vehicle just as the stock market was after the 2000-2001 stock market crash...

All just my humble opinion...

I still state my case. Please call when you see those "2001" prices. Also, you can not live in or on the NASDAQ.

I still state my case. Please call when you see those "2001" prices. Also, you can not live in or on the NASDAQ.

:clap_1:

:clap_1:

As expected... Perma bulls cheering perma bulls with no said "case" stated...

What do you have that shows a support for prices going up 200-300% over a 3-5 year period... other than pure speculation and greed by investors???

Are we running out of land like you Realtors have spouted off about the last few years... Hmmm seems to be over 3500 vacant lots for sale between Destin and Panama City Beach (just along the coast)...

Am I going to be priced out forever like you Realtors spouted off about the last few years... Hmmm, who would be your next buyer if we are all going to get priced out forever???

Are we different and special like all the Realtors have been saying for the past few years... I guess that means all of Florida, Califonia, the North East, Pheonix, Las Vegas, Pacific NW, and others have all gotten special at the exact same times... how convenient...

I am by no means saying that housing is a bad long term investment to have and in most cases is a good one... just pointing out that at this point in time it is waaaaayyyy overpriced at current price points, and we most likely have a long way to go down...

Oh by the way, it is hard to live in your 2nd, 3rd, and 4th spec properties as well... An illiquid negative cash producing alligator, sign me up for two...