Home Buying in Gulf Shores>Question Details

2headpig, Home Buyer in Gulf Shores, AL

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

Asked by 2headpig, Gulf Shores, AL Sun Jun 28, 2009

CAN YOU PROJECT A TARGET? PAY CASH OR LVERAGE?

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Karen Harrison’s 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.
0 votes Thank Flag Link Sun Jun 28, 2009
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