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Lot in Gated Subdivision on 30-A Priced $134,000 Below Appraisal
- Thread starter Spencer
- Start date
SHELLY
SoWal Insider
Smiling JOe said: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
Beach Lover
Re: Lot in Gated Subdivision on 30-A Priced WELL Below Appraisal
Already own enough, but if I didn't I would.
SHELLY said:
Already own enough, but if I didn't I would.
Smiling JOe
SoWal Expert
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
Meow
Smiling JOe said:
Tell us how you really feel! No likey the UPSCALE Med architecture? ;-)
Smiling JOe
SoWal Expert
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.Sueshore said:
Miss Kitty
Meow
Smiling JOe said:
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!!!!
beachmouse
Beach Fanatic
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.