$300,000 Half Acre Lot / Pines Blue Mountain Beach / LOWEST PRICED LISTING

[2bohemians]

Why the rapid decrease?

It's not [SIZE=-1]necessarily a rapid decrease as the property has been on the market for a while. The seller has always tried to be fairly priced in comparison to other available lots in the subdivision and their intention has always been to sell it. This is not a seller that is just holding out -- they really are looking to sell and the current price reflects this. So, come on someone out there -- bring us an offer! [/SIZE]

 

[Ohio Girl]

This will make for a tidy profit for the seller if they get this price.

 

[BeachKing]

Ya Think !

 

[2bohemians]

This will make for a tidy profit for the seller if they get this price.

Yes, some folks had the insight to purchase property long before the last "boom" occurred. Some will make money and some will lose money. However, please don't assume that just because something looks like an obvious gain on paper, that the seller will be making a huge profit. There are many other personal & financial situations that take place in one's life that don't allow the consumer/buyer to see the whole picture. Just because someone bought low back in the day, does not mean that if they sell, they will walk away with some jackpot. The fact remains that this is currently the best deal / lowest priced lot in the subdivision regardless of what someone may have purchased it for many years ago.

 

[2bohemians]

Speaking from my position as 'Master of the Obvious'...I'd say the owners are trying to find the market price.


.

 

[elgordoboy]

Yes, some folks had the insight to purchase property long before the last "boom" occurred. Some will make money and some will lose money. However, please don't assume that just because something looks like an obvious gain on paper, that the seller will be making a huge profit. There are many other personal & financial situations that take place in one's life that don't allow the consumer/buyer to see the whole picture. Just because someone bought low back in the day, does not mean that if they sell, they will walk away with some jackpot. The fact remains that this is currently the best deal / lowest priced lot in the subdivision regardless of what someone may have purchased it for many years ago.

No need to apologize for trying to make money this is still a free society....sort of. I imagine others would like a "tidy profit" as well if they had anything to sell.

 

[Mango]

No need to apologize for trying to make money this is still a free society....sort of. I imagine others would like a "tidy profit" as well if they had anything to sell.

doboy, I want to pinch you sometimes.

People want/need to sell at a specific time. It may not be the most opportune time based on market conditions, but reality is some people have to sell for personal reasons.

I don't understand the mentality of researching what someone paid for something. If you did your homework and are in the market to buy something, it shouldn't matter, and isn't anyone's business IMO if the property is priced in the market in the opinion of the buyer.

One doesn't go to a new car dealer and ask how much it cost for the manufacturer to produce the vehicle.

and no, I don't have any stake in this property being offered.

 

[elgordoboy]

doboy, I want to pinch you sometimes.

People want/need to sell at a specific time. It may not be the most opportune time based on market conditions, but reality is some people have to sell for personal reasons.

I don't understand the mentality of researching what someone paid for something. If you did your homework and are in the market to buy something, it shouldn't matter, and isn't anyone's business IMO if the property is priced in the market in the opinion of the buyer.

One doesn't go to a new car dealer and ask how much it cost for the manufacturer to produce the vehicle.

and no, I don't have any stake in this property being offered.

Pinching is good right?

 

[fisher]

doboy, I want to pinch you sometimes.

People want/need to sell at a specific time. It may not be the most opportune time based on market conditions, but reality is some people have to sell for personal reasons.

I don't understand the mentality of researching what someone paid for something. If you did your homework and are in the market to buy something, it shouldn't matter, and isn't anyone's business IMO if the property is priced in the market in the opinion of the buyer.

One doesn't go to a new car dealer and ask how much it cost for the manufacturer to produce the vehicle.

and no, I don't have any stake in this property being offered.

Actually, researching what someone paid for a property is a very good idea before buying a piece of property. It lets you know the basis in the property and tells you how low a seller may be willing to go in negotiations.

I most definitely go to the car dealer with knowledge of what the DEALER (current owner of the asset) paid for the car before starting negotiations. Don't you??? I don't understand the analogy with the manufacturing cost of the car--that has no relevance to doboy's point. Why wouldn't you do the same (understand what the current owner of the asset paid) on a much higher dollar purchase of real estate? You would be foolish not to understand the basis in the property as well as recent sales prices for similar properties in the area.

 

[Bob]

doboy, I want to pinch you sometimes.

People want/need to sell at a specific time. It may not be the most opportune time based on market conditions, but reality is some people have to sell for personal reasons.

I don't understand the mentality of researching what someone paid for something. If you did your homework and are in the market to buy something, it shouldn't matter, and isn't anyone's business IMO if the property is priced in the market in the opinion of the buyer.

One doesn't go to a new car dealer and ask how much it cost for the manufacturer to produce the vehicle.

and no, I don't have any stake in this property being offered.

that's true, but people use the internet to search dealer cost, however incomplete and inaccurate, and proceed to make asses of themselves trying to buy cars. In addition to the cost of a lot purchased for relatively little years ago, add all the carrying costs, the opportunity cost of not investing elsewhere, the property taxes, the vacations perhaps not taken, the indulgences of the moment not enjoyed, the changed plans that take away the dream of building at the beach, and you end up with far more than that number staring back at you on public records. The number is as irrelevant as the offer you may make for the lot purchased for higher than current market value. Will you adjust your offer higher to help mitigate the loss of someone who overpaid? Why would you then use a low cost basis to try to rationalize a lowball?