
Attention Buyers:
A great buying opportunity has now presented itself here at the beach. Properties that were priced significantly higher last year can now be purchased at prices that rivaled those of 2003 & 2004. Sellers are being informed by their agents that this market has now shifted to a buyer’s market, which means that there are some tremendous opportunities to get into the beach real estate market with more bargaining power than you have had in the past. Many sellers are willing to drop from their list price 10% or more. Others are offering incentives to get buyers to look at their properties like closing cost help, paying points, and offering upgrades on new homes.
This situation could change quickly and these advantages to buyers could go away just as quickly as they came. All it would take for this to change is for sellers that do not need to sell to take their properties off the market. This would decrease the overall supply and remove the necessity for incentives. The real estate market at the beach has proven itself to be one of the BEST investments that you could ever get……plus you get the added benefit of enjoyment from ownership.
If you are interested in taking advantage of this market, please call Rob Burton, MBA at 302-542-2134. Rob can also be reached by email at rob@rehobothproperties.com