Every day a wide variety of information gets to us via local and national news, the National Association of Realtors, local Pinellas County statistical information, lender and mortgage rate updates... and, of course, jewels that either come onto the market brand new or are reduced in price to a level that they become irresistable! An interesting article came out yesterday that I would like to share:
Low rates keeping homes affordable
Mortgage applications and refinancings are on the rise; a Bankrate study shows closing costs at 2007 levels. Read more.
BUT, the BIG news is a price reduction in the new Redington Shores Yacht & Tennis Club! A 3 bedroom, 3 bath waterfront condo... 2000 square feet in a gated community built in 2007. Amenities include waterfront pool and hot tub. clubhouse, fitness center and tennis courts along with 24-hour guard gate. When these condos were finished, just 2 years ago, they were appraised in the high $800,000 range. Yesterday, a third floor unit was reduced to $400,000 as a short sale!!! Literally HALF of its value! As is typical with short sales, a buyer has to be patient to get through the lender system. These condos in the yacht club are beautiful and this is a great deal! Click the Hyperlink link to and view this property. Listing link will stay active for 30 days. Call us at 727-490-3556 to learn more about this property or other great buying opportunities RES - Buyer Flyer Report
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