Well warm temperatures have returned and despite the market news we read in the paper - usually statistics that are already months old- the number of buyers here and houses under contract are definitely picking up. Prices continue to drop and when they haven't, the buyer's are making low offers and getting houses for 2004 prices plus closing costs or a credit for updating the house. Today's investors are getting closer to positive cash flow, but seem to be looking for a longer term investment - it may take a few more years to sell and come out ahead, but in the meantime you can enjoy a beach house in one of the most beautiful places in America, while other people help make your payments.
Take advantage of those low interest rates today and look for those short sales and foreclosures. Sad as it may be, someone elses mess could be your opportunity for a great beach house!
Happy Weekend
Carol
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