With the market seeming to make an upswing these properties seem to have some value. Several have sold in the last couple of weeks. The larger lot units are nicer.
If you want it you also get a membership to the Vineyards CC thrown in. Of course, you have to pay the yearly dues.
Vista Pointe is a beast of it's own - I believe that only 14 units have sold in the last building and that's over the last 5 years. They are nice with nice views and again you can get a golf membership. Fee' are just under $600 a month. Just a tough sell still.
Let me pass on some food for thought:
You are right, if you buy now at a lowered price, if and when you sell, things i.e. the market place for real estate and the economy and unemployment has to have changed to change pricing upward.
On the other hand, if you find within a subdivision a home that is a bit more distressed than another, you may get a very good deal, and then
are you buying to live there for a good number of years, i.e. can you wait out the
economy? or may you have to or want to sell within the next 3 years, that may then
be a bit more difficult....
So in many ways it is really important to work with a good local Realtor who will find you the right
property for you, i.e. the right size for years to come, the right size for future resale value, and show
you all that is available to make you a very educated buyer.
YourRealtor4Life! Your Chicago, Northern Illinois, N and NW subs and the fine homes of the
Northshore Expert with @Properties Northshore, 30 Green Bay Road, Winnetka, Il. 60093
Edith always works in the very BEST interest of her clients, buyers, sellers and investors alike
and she truly goes the X-tra Mile with a SMILE for all her clients
Have a wonderful Day and all the BEST....
Of course, if/when the time comes to sell, without the benefit of a crystal ball, it would seem to me that unless the current imbalance works its way through, sale prices would continue to be relatively depressed. Does this make sense?
These are mostly developer close outs. I've shown a number of these and they are very nice. The Vineyards community is one of my favorites here in Naples. Let me know if I can assist you further.
Mark W. Simoff
ANY OTHER QUESTIONS PLEASE LET ME KNOW.
ALL THE BEST,LEANN
Have you been to the community and toured the different homes?
Give me a call and I will be happy to discuss it further with you.
John R. Wood Realtors
3255 Tamiami Trail N.
Naples, FL 34103
Prudential Florida Realty