best times for real estate sales in the area

So what they're implying is....now's a great time to buy??

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So what they're implying is....now's a great time to buy??

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Not yet...late summer, early fall.

So what they're implying is....now's a great time to buy??

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Shelly, I certainly can not say this is the time to buy, my darn crystal ball isn't working , but there sure are a lot of buyers that are ringing the phones, looking at property and yes buying. I have also had three low ball offers written on behalf of a buyer that was totally rejected. Of course there are properties that are 'over' priced or perhaps the owners do not have to sell but there are also some realistically priced properties that are selling. Now back to work!

"Late summer and early fall are usually the best times for real estate sales in the area", said Pilcher.

Historical data tends to debunk this claim, the spring selling season is without a doubt the best period for sales in Walton.

I have also had three low ball offers written on behalf of a buyer that was totally rejected.

Trying to gage what constitutes a "Low Ball Offer:"

Can you show the "Ask" and "Bid" price of these three?

...failing that, how about a percentage of the Bid vs the Ask price?

I know one guy who turned down what he termed a "low ball" offer last year--problem is he's still holding on to his condo and he's listing it at a "lower-than-low-ball" price this year.

Buyers who are making "low ball" bids (assuming they have the financing) are pricing in their anticipated losses of buying into a declining market...time and money are on their side of this trade--can the sellers say the same?

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From this particuliar experience the customer offerred approx. $400,000 less the asking price. Based on actual sales for that particuliar condo development $200,000 less than asking would have made the deal, but the buyer would not go up and the seller would not come down. One of the seller's appeared pi$$ed because of the low offer and would not budge. I hope this answers some of your questions.

From this particuliar experience the customer offerred approx. $400,000 less the asking price. Based on actual sales for that particuliar condo development $200,000 less than asking would have made the deal, but the buyer would not go up and the seller would not come down. One of the seller's appeared pi$$ed because of the low offer and would not budge. I hope this answers some of your questions.

...some of my question, but not all. Hard to gage, since $400,000 off of a $4M condo is 10% of asking...a good offer, but not lowball. Now if it was $400,000 off of an $800,000 unit....?

The seller may be pi$$ed off--but at least he now knows what the "buyer's market price" was for his unit. Did the buyer leave behind his business card with the offer and expiration date on the back?

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Trying to gage what constitutes a "Low Ball Offer:"

Can you show the "Ask" and "Bid" price of these three?
...failing that, how about a percentage of the Bid vs the Ask price?
I know one guy who turned down what he termed a "low ball" offer last year--problem is he's still holding on to his condo and he's listing it at a "lower-than-low-ball" price this year.

Buyers who are making "low ball" bids (assuming they have the financing) are pricing in their anticipated losses of buying into a declining market...time and money are on their side of this trade--can the sellers say the same?.
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Perhaps, S., you have hit upon Meaning In Life? Lowball? Anger? Pride?

Let's join together in a novel idea. Shelly we?

Realtors take any offer to Owners. Owners have told Realtors the truth about where their "Go-No Go $$$ are". Owners grow up and disengage fantasies from the fact that their home, even in SoWal, is just another commodity.

All emotions roll out the door and Owners can go about their daily routines unencumbered by feelings of lowball shame. They realize that shysters/opportunists exist and swat them away like drosophilia on a 3 day old orange at the Piggly Wiggly.

I've never understood the concept of owners being "insulted" or "pi$$ed" when someone offers a lower price than what they're asking for. Or realtors saying "you can't insult the seller". All they have to do is just say No and move on.

This might be a tough one to answer, but does anyone know what the average sales price/ft. has been for single family homes along 30A over the past year or so?

Just trying to figure out where homes are trading relative to replacement cost (land and building).

This source has been questioned by a few already, but not having access to MLS its the best I can find.

For Zip 32459, avg. price per square foot for the Mar - May 08 period was $197, number of sales they use to calculate that figure was 84.

This is down from what looks like the peak in June 05 of around $550 psf.

Link is here...

http://www.trulia.com/real_estate/Santa_Rosa_Beach-Florida/

This might be a tough one to answer, but does anyone know what the average sales price/ft. has been for single family homes along 30A over the past year or so?

Just trying to figure out where homes are trading relative to replacement cost (land and building).

It's really community specific, every area has it's own "going rate". Walton's records for a community you're interested might help to give some indication of where things are headed.

I've never understood the concept of owners being "insulted" or "pi$$ed" when someone offers a lower price than what they're asking for. Or realtors saying "you can't insult the seller". All they have to do is just say No and move on.

Proverbs 16:18 - Pride goes before destruction, a haughty spirit before a fall.

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I've never understood the concept of owners being "insulted" or "pi$$ed" when someone offers a lower price than what they're asking for. Or realtors saying "you can't insult the seller". All they have to do is just say No and move on.

You might be if the person who sold you the house told you it would never go down in value.

You might be if the person who sold you the house told you it would never go down in value.

Over time, this advice is rarely inaccurate in our neighborhoods. ;-)

Over time, this advice is rarely inaccurate in our neighborhoods. ;-)

Over time, coal becomes diamonds. You just don't have to finance it in the interim. ;-)

Really?
Perhaps it is because the offers are no where near the asking price which may well be at or below market value and much less that the owner paid for the property. It can be insulting and hurtful. But I am a person who functions on a heart level, not the least painful way to live, but I do not regret it.

I cannot imagine that most people would not have emotional ties to their home, even a second home. It may be a place where they raised children, shared dreams, hope and felt loss. A home is the most emotional purchase we make for a material possession in this old physical world.
Even for people who made investments in real estate loss can be painful. All of those people are not evil.
I had a home that had been listed with an agent but it expired. When a person called about a rental I told him about the other home for sale. He wanted to see the house. I told him how to go about getting a key. He never made the effort, but instead broke in the house with a credit card( jammed in the door) to view it. He asked if we would take a woefully low price(yes, even in this market). For 2days I thought it over. Even thought it was way below what we paid in 2004 I agreed ,but it was my absolute bottom. I said yes,send me the contract. A week later he sent a contract for much less. He also constantly insulted the house which was like new and in perfect condition. We do not all like the same things. I would not have sold this man this house at any price. Cruelty is never in vogue.
I was glad to have my agent back and the house had an excellent offer in 3 days. An agent is an excellent buffer from such people.
Remember the owner does own the home(until the bank takes it). They are the person who pays the taxes and insurance. They can say NO.

Really?
Perhaps it is because the offers are no where near the asking price which may well be at or below market value and much less that the owner paid for the property. It can be insulting and hurtful. But I am a person who functions on a heart level, not the least painful way to live, but I do not regret it.

I would have never know by your post.