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lisa
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lisa answered:
I agree with your comment though I do see an exception with beach front. There isn't a lot of beach front inventory and new construction has stalled. I do feel that the buyers are coming back and if you don't jump in now you will miss out on the few beach front properties available.Prices are 30 to 40% off their highs. With interest rates at under 5% it may not get better then this.
Dear Adam,
Thanks for your reply. I did hear about this letter that is going around. I was also told by an ocean city real estate lawyer that this may not be the bottom. Because the market moved so quickly from 95 to 2005 he feels that beach front new construction of the gateway caliber should be in the low 6's. He also said if buyers don't come in it could get worse then that. He told me to be patient. What do you think?
Thanks for your reply. I did hear about this letter that is going around. I was also told by an ocean city real estate lawyer that this may not be the bottom. Because the market moved so quickly from 95 to 2005 he feels that beach front new construction of the gateway caliber should be in the low 6's. He also said if buyers don't come in it could get worse then that. He told me to be patient. What do you think?
lisa answered:
I want to thank everyone for your quick reply to my question on getting the seller to return my deposit. I called the sellers and said if they don't return my deposit by 3:00 today I was going to call my lawyer. The bank called at 5:00 to say the seller signed off on the check. Thanks again, and next time I make a move on buying a house I'll check in with Trulia first.
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