News For Buyers Regarding Foreclosures on 30A

[30ADreamin]

As a buyer's agent, I continue to find myself in challenging situations where I must re-adjust a client's perspective of "looking for a great deal on or around 30A". The kind of "deals" that were happening in 2010 when the market was rock-bottom on the Emerald Coast.


Fact #1 - The 30A Real Estate deals of 2009 and 2010 will go down in history and become topics of discussion for generations to come.


Fact #2 - Santa Rosa Beach distressed property inventory is significantly depleted and new REO's are few and far between.


Even with all the hype and press about REO's….they never flooded our 30A micro-market in the volume as other areas in the country. In the rare cases where we do see an REO hit the market these days, they are quickly snatched up by savvy buyers with cash or financing already in hand. There are only 5 foreclosures currently on the market in Santa Rosa Beach today. I repeat these words every day that I talk to buyers….the market is shifting. Prices are slowly creeping up. There are still great buys out there – and rates are at rock bottom. NOW is the time to buy property along 30A with prices still reasonable and rates at an all-time low.


Amy Cope, Realtor
Amy@30ADreamn.com
850.687.3149
www.30ADreamin.com
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[sadie1]

yes amy i'll never forget. i've been coming to sowal for 20 yrs. i missed the huge 4 fold run in prices. i recall seeing a house for sale in seaside in 1991 for 400k that went to 2 mil. when houses started tankin in 2007-2008 i waited for the right ea. then i struck in the winter of 2009 when the stk mk crashed i started making offers. i finally paid the full asking price of a sort sale. the home was 120k cheaper than anything sold in the previous months as the bank had just dropped it big. but to my amazement even then there were 6 bids trying to buy it but they made the mistake of trying to low bid it were i paid ask. that was 3 1/2 yrs ago and 20 sales after me nobody ever paid less than me per square foot and right now i think i could make 200-250k profit on the house but i'm keeping it. homes have done much better than condo's on this rebound. just look at the watercolor homes behind publix. 2 yrs ago they were going for 425k and now many going for 700-800k