Lake Martin Topics: October Real Estate Sales Results
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Name:   lucky67 The author of this post is registered as a member - Email Member
Subject:   October Real Estate Sales Results
Date:   12/2/2010 10:04:52 PM

tough time to be a Lender & an appraiser; less sales= less comps for the appraiser which makes the Lender  wonder what a property is really worth; but, we are much better off at LM than the Beach ! I have stopped lending there as it is too much hassle to get an appraisal; I have a friend who bought at Orange Beach in 2008-- condo for $725,000--now has it listed for $250,000 & no offers--I look at this & say--the market was way overinflated when he purchased; so to compare, some sellers at LM still have the 2006 -2007 mentality of what their property is worth; the houses I am financing that are under contract & selling are those priced right --just a Lenders perspective
Other messages in this thread:View Entire Thread
October Real Estate Sales Results - John C - 11/30/2010 10:09:40 PM
     October Real Estate Sales Results - itisd - 11/30/2010 11:24:19 PM
          great questions - John C - 12/1/2010 11:48:02 AM
               great questions - eighthc - 12/1/2010 12:20:44 PM
                    thanks for the Blue Bell tip! /eom - John C - 12/1/2010 1:03:54 PM
                         In opposition... - Murph - 12/1/2010 5:25:24 PM
                              I would eat until I was sick! :) /eom - John C - 12/1/2010 5:56:35 PM
                              In opposition... - eighthc - 12/1/2010 6:25:13 PM
                                   Ok... - CAT BOAT - 12/1/2010 9:50:28 PM
                                        Ok... - lakngulf - 12/2/2010 1:16:32 AM
                                        No - Summer Lover - 12/2/2010 7:50:39 AM
                                             No - lakngulf - 12/2/2010 8:23:46 AM
                                             No - MrHodja - 12/2/2010 8:58:24 AM
                                                  BBAAAAHHHAAAA.... - CAT BOAT - 12/2/2010 5:49:47 PM
                                                  No - jrh3 - 12/4/2010 11:54:32 AM
     October Real Estate Sales Results - lucky67 - 12/2/2010 10:04:52 PM


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