Pt. Washington house on Ebay

[Jellyfish]

http://cgi.ebay.com/Florida-Panhand...ryZ12605QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Sure sign things are cooling some...

He's a little late with the 30% appreciation comment. Is that correct about Elgin bringing in 25,000 people this summer? Sounds high.

 

[Smiling JOe]

FYI - that is a modular home and his price dropped to $435K yesterday.

I like this quote: "[font=Arial, Helvetica, sans-serif]Why would I be selling Below Market Value - Bascially I stretched myself to thin trying to invest in multiple projects at once. The construction took longer than expected, and I spent more money on it then planned"


Being a modular home, that house took no longer than about 3 months to complete from scratch. :funn:

So do you bid on a listing like this?
If owner sells it on Ebay, she may still owe a commission to the listing agent.
[/font]

 

[Jellyfish]

If owner sells it on Ebay, she may still owe a commission to the listing agent.

Interesting point, paticularly since the ads says to call the agent..I would guess so, unless the contract perhaps had some sort of provision for Ebay sales.

I heard recently that Ebay was now the world's largest used car sales channel- wonder where they stand on RE?

 

[Amp22]

Is the house listed for $435k? What if they put it on ebay for lower or allowed people to bid? What is it worth?

 

[beachmouse]

http://cgi.ebay.com/Florida-Panhand...ryZ12605QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Sure sign things are cooling some...

He's a little late with the 30% appreciation comment. Is that correct about Elgin bringing in 25,000 people this summer? Sounds high.

Eglin adds about 2500-3000 direct positions as a result of BRAC. Including families, the planners are using 12,000 as the number of new residents because of BRAC. Stuff isn't supposed to start happening until FY 2008 (aka fall 2007) with the new personnel coming in some time between 2009 and 2011.

And unless you're talking insanely cheap real estate, I just can't see people there putting up with a daily commute between Pt. Washington and Eglin or Hurlburt, especially during the summer. The mere thought of having to take US 98 between there and Hurlburt every day in the summer, fighting the Destin, Island, and FWB traffic, makes me nearly break out in hives.

 

[SHELLY]

This is an "ad" on ebay, not an auction item. Along with eBay's regular auction ads they also have ads similar to Craigslist and "shops" where businesses can sell goods (such as this: Home Seller's Kit .

The "reason why I'm selling" is more honest than most I've seen--go to Craigslist and check out some of the "sob" stories they make up to unload condos in Las Vegas and Miami.

 

[lindseyfwa]

Hi I am the owner, (I am she by the way )

Just to be clear, I live in Seattle, I bough the land AND the modular back in April last year (april 27th to be exact), I was told it would take 3-5 months to get this thing done.. And it didn't. I didn't get the house on the lot until AUGUST.. (when I was hoping to have it sold or rented) and the house is just now getting completed. Sooo I have had to pay nearly 7 months more of mortgage, utilities and quite a bit of overages in construction (AND YES THIS CAN HAPPEN WITH MODULAR) if any of you have invested in real estate you know sometimes your planning and budget can get blown out of the water.

I am selling below market, I have the appraisal done at $495k and I am getting another Appraisal in the next 2 weeks. This is an honest deal and I had some personal things come up that I just need to sell, Ideally I'd rent it, but I can't even do that because of 7 months of extra payments i didn't plan on. that is why you see me aggressively lowering the price.

Just so you know I'll update the Eglen numbers, I had heard that from the county before the numbers were final.

I got the 30% appreciation numbers on OFHEO.gov You can all see the numbers up there, I am not "fluffing" anything. (I used the closest MSA of Destin, Fort walton beach)

I am under contract with a real estate agent, (higher standard reatly) and I just happen to feel wrong about trying to work a deal outside of that. I.e. sell without telling them. I am under contract with them until August.

Hope that clears up any Questions.

Cheers,
Lindsey

 

[imasunbum]

Lindsey - Although I don't know the people that post on the board personally, from reading their posts for a while now, they all seem like great people. The one thing that I like about them is they speak their mind and they offer a lot of interesting, accurate (most of the time) info. I am sure there are exceptions to every situation and maybe that is you this time. They meant no harm.

 

[lindseyfwa]

Thank you for your words!

It seems like everyone is looking out for each other in SoWal. I definitely understand the skepticism with ads like mine (i.e. posting it on Ebay)

I'll let y'all know if I sell the house from the ebay listing.. may end up being a successful way to market your house outside of the South Walton area. Lots of investors out there ready to look at opportunties below market value.

The downside is I am having to sell 20% below market.. UGH..

Cheers,
Lindsey

 

[Jellyfish]

I buy and sell on Ebay alot, if it helps you sell your investment, more power to all of us. My original comment was addressing the overall softening of the SoWal investor market, which I think your situation is indiciative of. (i.e. it's taking longer and prices have dropped some)- that' s a general comment. I thought your comment in the ad "the market is booming" is a little misleading, but that's up to the buyer to ascertain, caveat emptor and all that good stuff