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Tuesday, November 17, 2009

Distressed Properties…Deflated Dreams!

I had another one of “them” calls this afternoon. Someone from “up north” who buys distressed properties "up north" who wants to pick up a distressed property in Viera, Florida for a dollar and a handshake!

gold rush Years ago around 1848 there was a gold rush out to California when word got out there was “gold in them thar hills.”

Thousands headed out west in search of dreams.

Some got rich, others had dreams deflated.

Such is the case today. I “stuck a pin” in a dream today. But I must be honest.

Single family homes in Viera – even short sales and bank owned/REO properties are priced at about $125,000 and upward - not $50,000!

There are indeed some very nice values in Viera and Suntree (north Melbourne), Florida. But they are not so good that you can walk in for the price of a Cadillac CTS!

Call me if I can provide any information on homes for sale in the Brevard County, Florida market. Gary Waters, Century 21 Baytree Realty, Rockledge, Florida, 321-693-3850 or email

Read my blog Observations of a Viera Florida Realtor and visit my web site Florida Homes for Sale.

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