A generic yes/no answer cannot be given to this question. More information is needed regarding the specifics of the house, etc. The market has definitely changed, but each situation should be reviewed on a case by case situation. There is a vast time space between the early 90's and 2008 and many things have probably occured. Unknowns are what the owner has done to improve the property, how much in debt they are in, etc.
I would be happy to do the specific property and market research on this property to give you an educated answer to your question. Feel feel to contact me directly if you wish to pursue the information needed to make an informed decision.
http://www.debi.rice@comcast.net or (253) 307-6303.
Have a great day in Florida!!
Debi
- Thu May 8 2008, 10:37