Gulf Coast Real Estate Now Buyer's Market!
By Craig Levine
If you've been thinking about buying a 2nd home or investment property in Destin or Panama City Beach, the time has come. Although many buyers have been scared away by the tumultuous hurricane season we have endured in 2005, Destin and PC Beach are fantastic investments right now because of several reasons. For the first time in what seems a long while, the gulf coast has become a buyer's market! First off, there is an over abundance in the supply of condominiums currently for sale. Lots of sellers have had their fill of hurricanes or evacuations and are looking to invest in other opportunities that exist with an elevation that's not quite sea level(ie. the north Georgia mountains). This opens up opportunities for buyers that are willing to "weather the storm". Plus, next year's rental market in Destin and PC Beach should be a stellar one in lieu of the fact that there won't be as many gulf coast rental choices available to tourists because of Katrina demolished cities.
Additionally, there has been such a huge boom in pre-construction property that even if you previously weren't able to get into a "ground floor" or pristine opportunity in a new high rise in Destin or Panama City Beach, you will have a better chance in the coming months with new projects being released, monthly. Most of the speculative buyer's have fallen by the way side. This, in turn, means less competition and a far better chance that you can actually reserve a condominium of your own to utilize as a second home or long term investment that should perform well if held for more than two years. I, personally, know of several new projects, that with $5000, will get you a reservation on the "ground floor".
Finally, many buyers that placed reservations on new projects that are nearing completion, and closing date, were speculative buyers that are now deciding to do anything possible to sell the unit quickly. Many of these buyers do not want mortgage payments and have reduced the price of their units, substantially. This is a wonderful chance for you to mull over the best new hi-rise projects and make offers on the lowest priced units. There are literally hundreds of brand new gulf front condos that you can close on in the next few months at $400 a square foot, or less, before negotiations!
Don't wait, because many of the best deals are going fast. Call me today for a list of hot Destin and Panama City Beach properties and WHATEVER YOU DO, DON'T MISS THE FREE 2ND HOME AND INVESTMENT SEMINAR ON NOVEMBER 9! MARK YOUR CALENDAR NOW! It will be a great chance for us to meet and for me to answer any questions that you may have about 2nd homes and investing in real estate. Feel free to call me at 678-784-4493! I'm always available for consultations in the Atlanta or Destin areas. Seminar to be held at 7pm at 2050 Roswell Road, Marietta GA 30062 in the RE/MAX Greater Atlanta building. No reservation needed.
Having been licensed since 1994, Craig Levine, "The Second Home Guy", brings to your real estate deal a world of experience, cutting-edge technology, negotiating savvy, and exemplary service. With Century 21 in Atlanta, Craig was the #2 agent in the #1 office in Georgia in 1998, 1999, 2000, and 2001! He repeatedly received Century 21's highest honor, The Centurion Award, in each of these years. In 2002, Craig joined Re/Max Greater Atlanta, the Nation's #1 Re/Max office. Additionally, Craig got licensed in Florida to bring his arsenal of skills and resources into the Emerald Coast's 2nd Home and Investment market. Now, he wants to put his talents to work for you! Craig is an avid boater, golfer, traveler, biker, and reader. He has written for numerous print magazines including The Seasonal, The Gazette, Cobb Living, Cobbonline, The Cobb Times, Atlanta Nation, Cherokee Nation, North Fulton Nation, Gwinnett Nation, The Southeast Business Journal, Lake Lanier Herald, Revue and News, John's Creek Herald, Forsyth Herald, North Atlanta Business Post, as well as various online real estate related web sites. Craig is also frequently quoted in Georgia Realtor Magazine, Florida Realtor Magazine, the Atlanta Journal and Constitution, and the Atlanta Business Chronicle. Please visit all of his award-winning web sites: CraigSellsHomes.com, MyDestinHome.com, AtlantaHomesAtlantaRealEstate.com, AtlantaForeclosures.net, EchoMill.com, & AtlantaMansions.net