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Old 03-07-2009, 08:33 PM
 
12 posts, read 38,419 times
Reputation: 12

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Anybody ever sold a house around Palm Beach area?

How many potential buyers came through and checked out your place before one of them finally made an offer?

Just listed house on market yesterday afternoon with a real estate company and got first showing today today at quick notice, which made me happy but I can only assume in this area dozens of people will come through before you finally receive an offer??
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Old 03-09-2009, 11:20 PM
SKB
 
Location: WPB
900 posts, read 3,492,979 times
Reputation: 331
I bid on a home in zip code 33470

Not sure what the end result was as I didn't get it but it had sold for 420,000 in 2005 and was listed for 230,000 last week, the bank took offers for several days and finally after 11 offers they stopped taking them. I am not sure what the final price ended up being.


So this home sold in less than a week.

It is obvious why there were so many offers.

That my friend is the reality.

Here are the comps for this Palm beach county zip code 33470:

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Old 03-10-2009, 07:09 PM
 
129 posts, read 670,033 times
Reputation: 118
We lived in Florida for many years and sold our home June of 08. all I can say is brace yourself..I had many people look at our home. We had spent almost$30,000 putting in a brand new kitchen, beautiful pool, but when it comes down to it in this market, people are looking for a bargain . We ended up paying almost $9000 in closing costs for the buyer. But regrets, none..lucky I got out when I did, that same buyer has now lost almost $100,000 on the house he bought from me. Prepare yourself because the Florida is a depreciating market and banks are also reluctant to approve mortgages there for fear that the prices will drop even lower and they will be in trouble with that house. I wish you the best, prayer and patience. If you want to PM me at anytime if I can help with words of wisdom, let me know...prices have dropped dramatically..not sure if your realtor gave you the bad news, but at one point I dreaded her call...
take care and I hope you get a buyer..
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