The home buying stimulus money is over. Home sales are down. Employment is dismal. There is still a demand for homes and land, but not at the prices they were bringing 3 years ago. As hard as it is, things are down from a 1/2 to 1/3 of the top prices of 2008 or so. For owners who don't have a mortgage that may be fine. For rest of us if we want to stop paying interest on a currently no appreciating asset, we need to face the music and sell the property for what it will bring. Not what we hope it will bring.
This is a time for grownups to make grown up decisions about their assets (especially homes and land).
Tuesday, July 27, 2010
Thursday, August 13, 2009
Economy in Monticello
We have seen the slowest real estate activty this year of any year since I opened in 1974. The bright light is interest in real estate seems to be picking up slightly and I have some great buys (ie 3 bedroom 2 bath home in Cooper's Pond only $108,000 and h2 bedroom 2 bath home on 7.33 acres for $150,000, grand old Victorian Home in downtown for $249,000). It is a great time to make a real estate investment.
Help! I am looking for a 2500 sq. ft. warehouse with good access for a good customer. If you know of such a thing please let me know.
Help! I am looking for a 2500 sq. ft. warehouse with good access for a good customer. If you know of such a thing please let me know.
Monday, March 9, 2009
Monticello Fl deals are starting to surface
As the National economy continues to wind down Monticello Fl real estate looks better and better. What few stocks I have continue to decrease in value, but my land thought the price is low is still there. In fact as pretty has the weather has been it is more attractive to get out and walk on. What a great time to buy land.
Thursday, January 22, 2009
Monticello Jefferson County Real Estate Sales
So far the market is still frozen up. Just an occassional call and virtually no serious buyers. The best I can tell everything is down about 1/3 from the highs in early 2007. Hopefully the new President will get things moving again.
My wonderful draft horse Link is doing great. He is really enjoying the new blanket he got from Suzanne for Christmas. It is waterproof so he does much better on the cold rainny days. We had a nice drive last Saturday around the neighborhood.
My friends who where renting two rooms from me in my office have moved out. So I have some office space for rent.
As you might guess I also have some great buys on my web site www.TimPeary.com
The five acres on Nash Road and the 5 acres on Hay Spur Road are really great buys in good locations. They are marked down more than 30% from the top of the market. If you are looking to invest a litte money in something that isn't going anywhere this is worth looking at.
The courthouse circle is looking better all the time as the landscaping matures and settles in.
My wonderful draft horse Link is doing great. He is really enjoying the new blanket he got from Suzanne for Christmas. It is waterproof so he does much better on the cold rainny days. We had a nice drive last Saturday around the neighborhood.
My friends who where renting two rooms from me in my office have moved out. So I have some office space for rent.
As you might guess I also have some great buys on my web site www.TimPeary.com
The five acres on Nash Road and the 5 acres on Hay Spur Road are really great buys in good locations. They are marked down more than 30% from the top of the market. If you are looking to invest a litte money in something that isn't going anywhere this is worth looking at.
The courthouse circle is looking better all the time as the landscaping matures and settles in.
Saturday, December 20, 2008
Beautiful Monticello Florida
Wow! It has been awhile since I have posted and a lot of good things are happening around here.
We had the Fall Jazzy Festival with the King Possum Parade and New Orleans Cooking School. Santa Claus arrived in town. The Courthouse Circle has been beautifully landscaped thanks to the leadership of Winston Lee.Winston also headed up the redesign of the Pearl Street park now named for Reginal Jordan, DVD. It is delightful, complete with a drinking fountain for your dog and a exercise equipment.
coming up is a New Year's Eve Party at the Opera House that will be over the top.
We had the Fall Jazzy Festival with the King Possum Parade and New Orleans Cooking School. Santa Claus arrived in town. The Courthouse Circle has been beautifully landscaped thanks to the leadership of Winston Lee.Winston also headed up the redesign of the Pearl Street park now named for Reginal Jordan, DVD. It is delightful, complete with a drinking fountain for your dog and a exercise equipment.
coming up is a New Year's Eve Party at the Opera House that will be over the top.
Monday, October 13, 2008
Monticello Fl Real Estate
It has been slow in the real estate business, but there are starting to be some signs of buyers interested at realistic prices. I think we lost sight of what was realistic in late '06. Now there are interested buyers poking around at what is about 70% of the '06 prices. That is a $350,000 house in '06 might attract some interest in the $245,000 range. That is pretty tough on someone who got a 90% loan ($315,000) just 2 years ago.
Fortunately there are lots of owners around here who bought property a number of years ago and are just fine.
Link has been staying home because I have been lame with a bad knee that is getting better. Hopefully, I will get better soon. I've been laid up about 3 weeks and still not ready to horse around. I hardly go out of the house on the weekends.
This weekend is the 'Southern Music Rising Bluegrass Festival' Saturday at the Opera House. It sounds like a great party. Last week was a canoe trip on the Wacissa River and the 1st Anniversary of Tupelo's. Monticello is a great place to live. There are just so many nice people.
Fortunately there are lots of owners around here who bought property a number of years ago and are just fine.
Link has been staying home because I have been lame with a bad knee that is getting better. Hopefully, I will get better soon. I've been laid up about 3 weeks and still not ready to horse around. I hardly go out of the house on the weekends.
This weekend is the 'Southern Music Rising Bluegrass Festival' Saturday at the Opera House. It sounds like a great party. Last week was a canoe trip on the Wacissa River and the 1st Anniversary of Tupelo's. Monticello is a great place to live. There are just so many nice people.
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