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Pennies on the Dollar

By
Real Estate Agent with www.ExploreBeaufortRealEstate.com (Ballenger Realty) 27941

Beaufort, SC Deep-water Homesite

Every deal feels terrific, doesn't it?. After all, this is what Realtors set out to do each day, isn't it. We try and help our clients buy and sell property for the best possible terms.

So, I feel pretty good today. My partner in the office, the wonderful and indefatigable Kim C., and I just helped a nice couple from up north purchase a deep-water homesite, in one of Beaufort's best neighborhoods, for 40 cents on the dollar. The purchase price was $235,000. The seller's had paid $480,000. 

This is not to gloat over the misfortune of the sellers, but rather to celebrate a victory in helping our clients find a wonderful investment property on the water, at a price which would have been unthinkable just a few years ago.

That is something we can feel very good about. 

 

 

 

Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Colorado Broker / Referral Services

Great job, Keith.  Yes, you are right... this is not to gloat, but to satisfy a client's real estate needs.  The misfortune of those that have lost a great deal of equity and their homes in this economic nightmare, have created an opportunity for those that have the ways and means to purchase!  The cycle of real estate we see every 20 yrs.

Aug 05, 2011 03:20 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Now more than ever, is the right time to consider deals like this. Things are re-setting welcoming many people back into the land of value...thank you Keith

Aug 05, 2011 03:36 AM
Keith Strawn
www.ExploreBeaufortRealEstate.com (Ballenger Realty) - Beaufort, SC
www.ExploreBeaufortRealEstate.com

Thanks, Dan and Richie. I believe these are historic times for buyers, and, in a few years, a lot of folks will be scratching their heads and wondering why they didn't take advantage of the market conditions. Thanks for the feedback. 

Aug 05, 2011 03:54 AM