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Tuesday, July 01, 2008

Happy 4th of July in Mexico Beach Florida

The fireworks have already started! I heard some on the beach last night! Mexico Beach puts on a great fireworks display. This week will be one of the busiest of the year here. Its great to see the hustle and bustle this week---as long as its only a couple of weeks a year, I love it!

The city also puts on a kids fishing tournament, a sand castle competion, and a 5k run. Port St. Joe has a pirate themed celebration all weekend. Lots of activities for everyone!

Mexico Beach will shoot its fireworks off the pier around 8:30, so bring a blanket, chairs, perhaps a beverage or two and spread out on the beach for the evening.
REMEMBER TO CLEAN UP AFTERWARDS THOUGH!!!!

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Scallop season starts today and runs through Sept 10th. The daily limit is 2 gallons in the shell or 1 pint of meat. You can just walk out in to the bay to collect them and if you've never done it before it is great fun with a delicious reward!!

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As for the real estate market...........its about the same! Still slow but not dead!! There are definite buyers out there who know if they want a piece of property here at the beach that this is a good time to buy. As I've said for the last umpteen blogs, if you are a "flipper" looking to buy and then re-sell within the next year, you are going to have to wait for a steal. If you are a buyer who wants a long term investment or a vacation retreat at the beach, then I truly believe this is as good a time as any to make an offer.

Are prices going to decline any further? Is it the bottom of the market? Can anyone answer that question honestly???? No one knows. What I do know is that prices are affordable for those who can afford a 2nd home anywhere else! How do I know that? Because that's who buying now!
Even first time home buyers are looking and buying here!
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Does it really make a difference if the house you want may fall another few thousand dollars in the next 6 months when compared to a 5 year appreciation? If you find a great house or lot that you really want, my advice is offer what you are willing to pay and see if it works! It may or may not---but at least you tried! You can then either move on to your #2 choice or wait a few months and re-offer on choice #1 if it is still available.

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Interest rates have crept up a little but still workable. I know of banks doing under 6% for a 30 year note with only 5% down and even 100% financing on mobile homes. Vacant lot loans are not so great right now which is why the lot sales have really taken a hit.

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Owner financing and lease purchases have become quite popular in this down market. One must be creative in this kind of market so don't limit yourself to just a conventional mortgage.
I've had to be extremely flexible and think outside the box to make many deals work this year!

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THE FISHING REPORT!
Chip has been busy this past month! Snappers are thick! He's pretty much catching the limit every trip--the limit is 2 per person. Mackeral fishing has also been productive on those shorter trips. This week is booked up but if you are here anytime the rest of the month, give him a call.

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Please don't hesitate to contact me if you are even THINKING about buying or selling our area. You have to start somewhere. I'm extremely patient! I've worked with customers for a year or two before they pulled the trigger and made that purchase. I know its a big decision and I'm not here to strong arm you into buying something when you can't afford it, or when you aren't ready!

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As always, you can keep up to date on the current listings through my website. Click on property search or my listings. Or email me your wish list and I'll search myself and save you the time and send you properties that meet your criteria!

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Have a safe and happy 4th of July. Pray for our troops this week as you celebrate our Country's freedom!
Go to church this Sunday and................"Be ye fishers of men. You catch 'em and He'll clean 'em"

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