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Sunday, January 27, 2008
Money Makers?
There was a segment on the TODAY SHOW last Friday about a San Diego couple that is suing their former Realtor for professional negligence among other claims. Buyer claimed "the agent was negligent in not telling them about other houses that sold for less, including one three doors away that has a pool and sold for $105,000 less and another that was considerably bigger that sold for $175,000 less." GO HERE to read the story or watch a clip.
We have a Realtor in Key West that advertises himself as a "Real Estate Expert". Even before learning of the above referenced lawsuit, I thought our local "expert" is setting himself up to be sued. I think he is telling the world that he is more competent, experienced, and able than other Realtors. If the "expert" Realtor makes an error, is he not subject to a higher standard of conduct and conversely subject to a claim for higher damages than a plain old garden variety Realtor?
I am not an expert and don't claim to be one. Period. That being said, CLICK HERE to checkout a few of the 77 duplexes and 3-t0-4 family units available on the Island of Key West. I went through the mls and selected these properties generally because of their price per sq ft, location, special features, or possible SHORT SALE (in some instances). If you are looking for an investment opportunity, now is a good time to consider buying a property in Key West. The fact is that most of these properties have not sold because the market is still very cautious. The price per sq ft is down considerably now from what it was back in 2004 and 2005. That could mean that the prices then were too high, or that the market in general is depressed now. Some of the units were purchased at prices higher than the current asking prices. I think some of these units are buying opportunities today.
Some of the properties would be great for an owner plus tenant situation. Others are just income producing units. But I invite you to checkout the list and see if one of these units interests you. If so, please contact me for more information. Gary Thomas, 305-766-2642 or e_mail at kw1101v@aol.com.
Labels:
blog,
gary thomas,
key west,
old town,
real estate,
realtor,
short sale
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2008
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January
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- Distress Sale: 1800 Atlantic
- Don't Miss the Boat
- Money Makers?
- Dirty Deeds
- 627 Southard Street Old Town Key West, Fl
- 720 Eisenhower Drive Key West, Fl
- I See a new house in your Future in Key West
- 709 Windsor Lane Key West, Fl
- Short Sales in Key West
- Mangrove Mama
- 627 Elizabeth Street Key West Open House Sunday
- The Poseidon Adventures in Real Estate
- 608 Angela Street Key West, Fl
- 523 Louisa Street Old Town Key West, Fl
- 630 Eaton Street, Old Town, Key West, Fl--Commercial
- Awesome Describes 1236 Washington St., Key West
- Big Price Reduction: 710 Caroline St., Key West
- The Sun'll Come Out Tomorrow
- Disparate House Buys
- 1108 Southard Street Key West Florida
- 1006 Southard Street Old Town Key West
- 1110 Curry Lane Old Town Key West
- Lessons Learned
- Key Haven Waterfront at Affordable Price
- Estate Sale -- 912 Fleming Street Old Town Key West
- Classic Key West Architecture: 1113 Fleming St.
- Pitch a Tent in Key West
- 2007: That Was the Year That Was
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January
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