Pricing in WaterColor

[Matt J]

What do you think that does to all those people that purchased LOTS in Phase IV for $500k to $600k?? ASSUMING they can dump them even at those prices, makes it look like the lots in Phase IV are worth under $100k and falling.

Why so stressed? I still haven't seen that 9mm JOE supposedly held to peoples heads to buy lots. Further, shouldn't the flippers that initially bought be to blame?

 

[beachingirl]

Trash to treasure

i expect some homes in watercolor to go to the $200 a square foot in the next year. that short sale for 599k in watercolor is probably one of the ugliest homes in all of watercolor. i looked at it and walked right out

Remember: What is trash through your eyes is a treasure in the eyes of another. Maybe one day the new owner will even paint the home.

 

[traderx]

Just noticed that WC association dues are $1,045 quarterly. What does Joe do with that money? Wash your car, peel your grapes, etc?

 

[AAbsolute]

Just noticed that WC association dues are $1,045 quarterly. What does Joe do with that money? Wash your car, peel your grapes, etc?

I can help you with that info, but we should do so offline. Sometimes the truth hurts so much it's not meant for everyone to know.

 

[30ashopper]

Just noticed that WC association dues are $1,045 quarterly. What does Joe do with that money? Wash your car, peel your grapes, etc?

The largest component of it is going to be landscaping, drainage, and roads, followed by maintenance on all the common property amenities.

 

[Matt J]

Just noticed that WC association dues are $1,045 quarterly. What does Joe do with that money? Wash your car, peel your grapes, etc?

That's not bad considering 4 pools with facilities, tennis courts, landscaping of 499 acres, and other amenities. I doubt this is across the board as condos are seperate entities and one has it's own private pool.

 

[Miss Kitty]

Just noticed that WC association dues are $1,045 quarterly. What does Joe do with that money? Wash your car, peel your grapes, etc?

...yes, yes, and oh yes on the etc!

I can help you with that info, but we should do so offline. Sometimes the truth hurts so much it's not meant for everyone to know.

That's not bad considering 4 pools with facilities, tennis courts, landscaping of 499 acres, and other amenities. I doubt this is across the board as condos are seperate entities and one has it's own private pool.

You're welcome.

 

[Matt J]

You're welcome.

I wasn't referring to the beach club. Town Center Beach side has it's own private pool.

 

[DuneAHH]

One missing piece is that any contract, on that property, at that price would still need to be approved by the lender. ie- $599K may not really mean $599K, though it could. In most cases, the lender will not inform the listing agent of an acceptable price, when determining the list price. Fannie Mae is about to change that in two test markets, one in Orlando, to see if they can get more sales sooner, by informing the listing agent of their acceptable price, at the time of the listing. If it works well in those test markets, they will expand, and other lenders may follow suit.

SJ, any news update on the above?
Seems like a giant "duh" that shouldn't require test marketing to know the answer to...but what do I know?

 

[da]

speaking of watercolor and or seaside does anyone know of any good deals? seems like everything is for sale? and prices are declining daily, with short sales and foreclosures?