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Sellers Sing the Blues
- Thread starter spinDrAtl
- Start date
Smiling JOe
SoWal Expert
I guess that all depends on when you bought. ;-)
Beachbummette
SoWal Insider
Exactly;-)
And when/if you need/want to sell.
Put me down for 1997 and looking out beyond 2011 at the earliest.
Smiling JOe
SoWal Expert
"Well I'll be a opposum on a Gum Bush. You mean you could actually sell your property today at a really cheap price and still make money? I don't get it. I thought the market is, and will be, in the toilet."
InletBchDweller
SoWal Insider
I wasn't talking about profits or losses for particular sellers. I was talking about the market in general. It is in the toilet. Huge inventory levels, falling prices, rising insurance rates, higher taxes, hurricane fears, and other factors have undeniably put this and many (most) other coastal markets into the toilet.
SHELLY
SoWal Insider
So then it's safe to assume that you haven't found any deals for your $50-Million-Dollar-Man who is "interested in only blood, and those that are bleeding?"
I could make a lot of money. I could have made more money last year. I could have made less in 2003, but more than in 2002.
Bottom line, it certainly feels good when prices are soaring, but for anyone living in their property, using it, and not thinking of selling, it doesn't really matter at this time.
Caveat: It would matter if you are getting crushed by your mortgage or insurance or taxes and due to that, now NEED to sell even if you don't want to.