NC Coastal Properties Topsail Island

2007 proved to be a bad market for beach properties for sales. Prices went out of sight and everyone was jumping in to try and sell after the boom in 04,05 and part of 06. The market flooded. Some investors bought at high prices and got caught in  bad mortgage loan option with a balloon payment due, could not refinance, some with high interest rates, and can not afford and on and on.  So given that we are in a buyers market with some sales so low it is unbelievable.  Even at reduced sales price, offers coming in from 80 to 100 thousand less than asking. Some sellers are taking it, just to get rid of it before having to let the bank take over. So if you know of anyone looking to invest in the coastal area, bring them on. There are some really great deals here and if you keep waiting they will all be gone. Give me a call or email and I will send you information on what is available at great prices that will make you a profit in 5 years or less. They say the late spring or early summer of 08 is looking good.
 

4 Comments on NC Coastal Properties Topsail Island

Hi Judy,

What has been the average days on market in your area?  Are you seeing it getting any better?  I have a house in Litchfield SC and it does not seem to be quite as bad.  The Myrtle Beach area of SC was probably the hardest hit amoung the SC coast.

01/21/2008 02:38 PM by John Nunnally (Carolina First Bank)


Hi Judy,

Welcome to Active Rain! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

01/21/2008 04:34 PM by Keith Elliott Jr -"Prince William County Real Estate Expert" (RE/MAX Olympic Realty)


Hello Judy,

 Welcome to active rain!

It's a great online community

Leo namiot

Benchmark Mortgage

Connecticut Mortgage Lender

http://www.benchmarkct.com/

01/21/2008 09:22 PM by Connecticut FHA LOANS,CT VA Loans CT First Time Home Buyer:CT Home Loans (www.BenchmarkCT.com: CT Commercial Loans)


I just stopped by to welcome you to Active Rain. I hope that you get as much out of it as I have. It will give your business a boost! My main AR site is at http://activerain.com/charlottesvillerealestate please visit anytime.

01/22/2008 04:36 PM by Charles McDonald (RE/MAX Assured Properties)


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Judy  Carlton (Coldwell Banker Seacoast Realty)
Judy Carlton
Topsail Island, NC
More about me…
Coldwell Banker Seacoast Realty

Office Phone: (910) 328-5626 Ext.: 6728
Cell Phone: (910) 279-9262
Email Me

Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find NC real estate agents and Topsail Island real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved