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17 Months on the Market - Sold!!!!

tivoli avatar
tivoliBeach Lover
11,027 views
Hey,
The Real Estate market might be looking upward
a bit!! Last Friday, we closed on our Tivoli by The
Sea villa in Sandestin.....we are elated!! Now, we
can spend more time in Seagrove Beach!! We're
now going to be able to look at lot/lots to sit
on once the new Airport arrives and things pick up
in the area once again... The area is way too
beautiful for it to sit stagnant much longer....
great beaches, airport coming and NO HURRICANES!!
We don't want to be lot lurkers too long!!!:floor:
Oh I forgot, the mecca of 5 Star restaurants and shopping
in the area now and the Williams Sonoma store that
just opened over the weekend in Destin.....:wub: too...
Great assets for the whole South Walton Beach area!!!

I received a call from a friend whom I sent down
to Seaside/Seagrove 3 weeks ago to check out
her daughter having her wedding on the beach
next July. Yesterday, she called and stated.....
why didn't you tell me.....that's the most beautiful
beach in the world!!! I told her husband.....I'm now....
the new beach wedding planner!!! He said "not"!!!!!
I'll try and keep my mouth closed about the area; however,
I just get sooooo excited just talking about it!!

Anyway, now since I've had the Tivoli name....should
I change it or keep it the same? It might be bad karma
to change to "Shore Thing"....I don't know.......give me
some advice??

Also, we had a new Virtual Tour taken by Kurt....last
week.....it turned out great as Kurt's work always does!!
The sun came out right after he arrived😀 ........
Take a look:
http://www.emeraldcoasttours.com/117northryanstreet

Replies

59
Babyblue avatar
BabyblueBeach Fanatic
#52
Deeeeeeep Pocket Buyers...................Vultures

Tah-may-toe....................................Tah-mah-toe




.

Vultures or smart business folks.
Bob avatar
BobSoWal Insider
#53
Seems to make sense. In a market that is falling, if someone buys at current market, then as prices continue to fall, they will be underwater. Not to mention the fact that before a buyer can turn a profit, they need to get enough appreciation to cover the closing costs from the purchase plus the commissions that would be paid out on any sale. Anyone that buys in a falling market is likely to be underwater immediately unless they somehow bought below market (which by definition is very difficult to do as market means the price paid between a willing buyer and a willing seller).
This is textbook speculation mindset.
SHELLY avatar
SHELLYSoWal Insider
#54
Vultures or smart business folks.

And what would the term be for the people who they're buying the RE from at these "bargain basement" prices?.....Roadkill or village idiots.




.

Edited

hi n dry avatar
hi n dryBeach Lover
#55
And what would the term be for the people who they're buying the RE from at these "bargain basement" prices?.....Roadkill or village idiots.

It certainly is a risky endeavor to be buying in this market and you could end up as SHELLY so eloquently describes as ?road kill ?.

I recall during the tech stock crash buyers were gobbling up tech stocks at a ?fantastic? 20% discount from their highs only to see the stocks later decline through the floor. That is an example of ?grabbing a falling blade?.

But if anyone is looking for RE now, as a rule of thumb do not pay anymore than 45% above what property was selling for in 2001-2002. If you can't get it in that range, run away from the "deal" as fast as you can.
Babyblue avatar
BabyblueBeach Fanatic
#56
And what would the term be for the people who they're buying the RE from at these "bargain basement" prices?.....Roadkill or village idiots.




.

Wealthy Individuals.
SHELLY avatar
SHELLYSoWal Insider
#57
Wealthy Individuals.

Going back to your other thread.....so is proper balloon placement or is it not a consideration in this real estate market?



.

Edited

spinDrAtlBeach Fanatic
#58
Deeeeeeep Pocket Buyers...................Vultures

Tah-may-toe....................................Tah-mah-toe

.

Vultures have to eat too. :shock:
Hollibird avatar
HollibirdBeach Lover
#59
I have a lot in Laird point. very beautiful area in Pan City close to airport. . any interest?

www.lairdpoint.com
jhelmsBeach Comber
#60
I have a lot in Laird point. very beautiful area in Pan City close to airport. . any interest?

www.lairdpoint.com

How far is Laird Point to the gulf by water? About how many minutes at ~20/30knts?

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