Now Is The Time For Great Condo Deals At The Beach!
Who would have ever thought back a few years ago that you could buy a great 1 bedroom condo right on the beach for less than $200,000. Then add that it would come furnished with rental history and it makes it even less believable. But that is where we are today. Unit 604 W at Splash is currently the best deal going in the building. It is listed at $205,000 and is not a short sale so you know a deal can be worked out.
Is Now The Time To Buy In Panama City?
Well, if you are interested in buying and holding the property for a while I would say there may never be a better time to buy in our lifetimes. Think about it right now we are:
- There is a good amount of inventory to choose from – this won’t always be the case.
- Prices are way down – overbuilding, foreclosures and short sales have pushed prices way down but again as inventory is bought up prices will moderate and climb.
These two factors are a buyers best friend but they won’t always be around to take advantage while you can.
Timing The Market Is A Bad Plan
Nothing ever stays the same. Remember when prices were going up and people thought they would never stop so they bought everything they could get there hands on? Well, prices did stop going up and now we are in virtually the exact opposit position of people not wanting to buy because prices will continue to go down. I wonder if the people who sold before the market peaked regretted selling as they wactched prices climb even higher? I bet they did. I bet they thought they had made a mistake. I bet they are glad today that they made that mistake! Well, the same thing is happening now with people considering buying but waiting for the very bottom of the market. Would you be mad if you bought the perfect property now at a very good price but the prices went a little lower? Maybe, but what happens when the market bottoms and prices to go up, the selection of properties for sale shrinks and interest rates rise? I bet you will be happy with the “deal” you got on the perfect condo won’t you?
To learn more about great deals At The Beach contacat John Skinner at 850-543-5763 or JohnSkinner@AtTheBeachTeam.com
Also, sign up for the Panama City Beach Foreclosures and Short Sales Alert and we will send you an email every time a new property comes up as a Foreclosure or Short Sale.