WHAT WILL BE THE LOW PRICE ON CONDOES IN GULF SHORES? PRICE AND TIME?

2headpig
Home Buyer
Gulf Shores, AL

CAN YOU PROJECT A TARGET? PAY CASH OR LVERAGE?

Answers (1)
Karen Harrison
Agent
Gulf Shores, AL
FIRST ANSWER

I hope we have seen the low price in some buildings already. For example San Carlos sold for much lower 6 months ago than more recently. You can still find buildings that haven't had sales in a long time and when you look at the pricing there it is just not market price. We are finding many listings getting multiple offers. As mortgages get even harder to come by and with more notices of default still being sent out there may still be some lower pricing to come this fall. I would hope that would be the last price drop if we do in fact see another price drop then. There are more cash buyers than ever before. Paying cash is best and will definately help you to cash flow mortgages are difficult but not impossible.

Sun Jun 28 2009, 15:01

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