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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.

Posted by Judy Carlton on 01/21/2008 02:29 PM

Comments (4)

oceanfront, coastal, topsail island, real estate, intracoastal, ncbeaches

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)

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