It's gonna be hard to better than this in WaterSound Beach

[AAbsolute]

It's an "unfinished" house with a $450,000 pricetag.

Why do you reckon that--assuming this is as good of a deal/investment as you say--none of the builders or developers have snapped this up at that price to finish for resale?


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This house will sell when over a hundred others don't. Professional builders and developers who have cash or credit on hand buy properties like this. This one will probably go to an individual who knows vacation rentals and already has some in their stable.

I know 4 different WaterSound Beach Owners now who wish they had this property rather than their own.

 

[AAbsolute]

There's also the issue of joining the beach club to bypass that isn't there? More math.



Their all broke?

JOE gave us all the option of joining the Beach Club, but it was a limited time offer. Some of us joined and some chose not to. This property did not buy a membership. It's funny, I used to see one of the Owners playing tennis over there anyway.

People guessed that JOE would change its position on new members, but they haven't. Even in this market, a new owner of this property couldn't hand JOE a check for $20,000 and still get a Beach Club membership.

 

[Matt J]

JOE gave us all the option of joining the Beach Club, but it was a limited time offer. Some of us joined and some chose not to. This property did not buy a membership. It's funny, I used to see one of the Owners playing tennis over there anyway.

People guessed that JOE would change its position on new members, but they haven't. Even in this market, a new owner of this property couldn't hand JOE a check for $20,000 and still get a Beach Club membership.

Okay I couldn't remember what membership entailed.

 

[SHELLY]

I know 4 different WaterSound Beach Owners now who wish they had this property rather than their own.

The 11th Commandment: "Thou shalt not covet thy neighbor?s foreclosure"


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[AAbsolute]

The 11th Commandment: "Thou shalt not covet thy neighbor’s foreclosure"


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Indeed. A little gratitude in the attitude goes a long way.


So what's your take on the one of these that already went under contract even though they raised the price $65,000 in an epic bear market?

 

[AAbsolute]

Boom. There went the second of the two. I can't tell who brought the Buyer because I am not a Realtor.

Congratulations to that Buyer and the Realtors involved. This is what the bottom looks like.

 

[Matt J]

Boom. There went the second of the two. I can't tell who brought the Buyer because I am not a Realtor.

Congratulations to that Buyer and the Realtors involved. This is what the bottom looks like.

Are you looking down or up at the bottom? That's usually a telling sign.

 

[SHELLY]

So what's your take on the one of these that already went under contract even though they raised the price $65,000 in an epic bear market?

...it proves that the bigger fool isn't yet extinct?

<Let's revisit this when it closes.>

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[AAbsolute]

Are you looking down or up at the bottom? That's usually a telling sign.

My business is very different. Price doesn't matter, only movement matters.

 

[beachbliss48]

My business is very different. Price doesn't matter, only movement matters.

price doesn't matter for a contractor. wow, that's a first