Buy Oceanfront For Pennies On The Dollar
I've been looking at dismal figures for oceanfront properties for the past too many months to count. The
results were discouraging at best: only about 1-3% of the inventory was sold every month.
Imagine my surprise when I started looking at figures this month. Holy Cow: all of a sudden, this month, the oceanfront properties pending (sold, waiting to close) spiked at 15.36%. If it keeps going like this, the smart agents will start calling all their investor clients sometime in March/April, telling them that now is the time to buy; the rest of the agents will catch on by June, and the media will finally pick it up by July.
That means that really smart investors will buy RIGHT NOW, while the gloom & doom is still on, and the Sellers' psyche is depressed to the max.
I've been dealing mostly in oceanfront for the past month or so, pushing prices down on oceanfront for my buyer clients, effecting much behind the scenes work.
Here are some examples of some great deals:
An oceanfront 1BR/1BA in top of the line, brand new building, modern & stylish with all amenities. It sold pre-construction in the $300,000's... my buyer got it for $ 155,000!
An oceanfront studio in a four year old lovely condo project, which used to sell for up to $ 230,000 in 2005; I now
have an open invitation from a seller who will take $ 90,000 for it. I'm still looking for a buyer for that one.
An oceanfront 2BR/2BA in lovely Baywatch Resort, which used to sell for up to $ 540,000. I have a green light from the sellers at $ 289,900. I just got word of it yesterday and I'm looking to sell that great deal to one of my investors.
These properties are not necessarily posted on the MLS at these prices. Some of these deals are not even on the market yet. Sellers, banks and other entities are willing to take much less and close fast.
If you've always fantasized about owning an oceanfront condo in the Myrtle Beach Area, now is the time to act!
Oceanfront Condos by Mirela
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