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Tuesday, February 17, 2009

Key West Condo & Townhouse Short Sales - 1


It is that time of the month again to haul out the unsold Key West Condos and Townhouses that are offered by the sellers as "short sales". Just so nobody thinks that I am misleading the Public into thinking these are my listings: they are not! These are all listings in the Key West MLS that you can search on your own. CLICK HERE to search the Key West mls to your hearts content. There are many good deals out there and I encourage buyers to invest some time in separating the deals from the "no-deals".

The group I am providing today are units in the Old Town, Casa Marina, the Meadows, and the Midtown areas. CLICK HERE to see the units. They are listed alphabetically by street. Spend the time and compare pricing per square foot, amenities offered, age and quality of construction, and monthly or quarterly management fees. Each property is different from all others so you have to do your homework to figure out the price and location that may work for you.

Some of the units have Transient Licenses. Those units without a transient license may be legally rented as a monthly vacation rental. There are rules that govern different areas so let's just say look for the property that you like and then figure out what type of rental opportunities may be available to you if you decide you want to rent your unit.

I will do another list of condos and townhouses in the burbs of Key West in a couple of days.

Let me encourage serious buyers to take the current downturn in the market seriously. I think there are some good buying opportunities on some nice properties. If you see something you like, make a serious offer. The better your offer, the more likely you are to get it accepted by both the seller and the lender(s). Turn the downturn into an investment opportunity for yourself.

If you happen to see a property that appeals to you, please call me, Gary Thomas, 305-766-2642, or e-mail me at kw1101v@aol.com and ask for more information.

3 comments:

Anonymous said...

Thanks for the RE update. I'm glad you're back so I can continue my normal daily routine of reading your blog, and a couple others, in the morning!

Anonymous said...

What other blogs? Please share.

Anonymous said...

I start each day reading the Conch Scooter blog (www.conchscooter.blogspot.com and worth reading his back entries), move on to Gary's, then scout around on some of the more off-beat, shall we call them? - KW blogs. The gossip/conspiracy, etc. blogs. Give me a nice laugh. All these together, plus the Citizen, are my way of learning as much as possible without being there so when we do sell our house, we'll be ready to settle right in to Key West!

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