Home Buying in 32904>Question Details

elizabeth, Home Buyer in New York, NY

im interested in a condo in san paulo village 32904, $61,000 for 1bedroom. it was appraised for 62,000. buyer

Asked by elizabeth, New York, NY Mon Mar 3, 2008

wont budge with price.is this a good deal?

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4
Hi Elizabeth,

There are currently 11 units for sale in San Paulo Village in West Melbourne. They range in price from $75,000 to $112,000 according to the Melbourne Area Board of Realtors Multiple Listing Service. There is one 1 bed, 1 bath for sale and asking price is $83,900.

There are only 2 properties that have sold in the complex since November 2007. Both sold for $67,500, 1080 sq ft, 1030 sq ft of living, sold 02022008 and 01312008.

Have you personally seen the unit? What is the condition of the unit? Is it move in ready? Does it need updating and repairs? Is it a ground floor unit, or 2nd floor? Is there a view of the courtyard and the pool? Are you buying it as a rental property or vacation home? Will it be vacant a portion of the year? Or will you live in it? How long do you plan on owning it? Or are you looking to resell it? Why a 1/1?

Although our property values increased in Brevard County over the past 5 years by over 180%, it has since been declining and we, as are many other parts of the country, are going through a market correction. Our prices are declining as more properties drop into foreclosure.

My mother in law currently lives in San Paulo Village and has for over 5 years. She has a ground floor unit overlooking one of the swimming pools.

I am sending you a link to the Melbourne Area Board of Realtors Multiple Listing Website so that you can take a look at what is for sale and what has sold in San Paulo Village.

Best of luck to you,

Sandy Shores, Realtor
M & M Real Estate, Inc.
Residential & Investment Property
2851 NE Palm Bay Road
Palm Bay (Melbourne Area), FL 32905
sandyshoreshomeagain@hotmail.com

I Also Buy, Sell, Own, Rent & Manage Investment Property
1 vote Thank Flag Link Tue Mar 4, 2008
Hi Elizabeth! In a short while I will be listing a 1/1 condo in San Paulo Village which is bank owned by Freddie Mac--process is smooth, but at the moment I'm not sure what the list price will be. You can contact me and I will let you know when I have it ready to list. Thanks for your interest in a nice and convenient community.

Maggie Langon-Antiposti
Coldwell Banker Paradise
Email: maggiecoldwellbanker@gmail.com
Phone: 772-321-0321
0 votes Thank Flag Link Sun May 20, 2012
It sounds to me as though you are willing to lose the home over $1000. A home is worth what the buyer thinks its worth- nothing else matters! So if you love this home and want it- buy it before someone else steps in and grabs it from right under you.
0 votes Thank Flag Link Wed May 27, 2009
Elizabeth: I think you mean the seller won't budge on the price. Another way to present the offer would be to offer $63,000 with the seller paying $2000 of your closing costs. Or $62,000 with $500 paid--or any workable combination.

Just a quick suggestion!
0 votes Thank Flag Link Mon Mar 3, 2008
Roberta Murp…, Real Estate Pro in San Diego, CA
MVP'08
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