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MLS Search | The Wired Buyer | The Wired Seller | About Destin | Local Market Pulse | Destin Links DESTIN, FL, April 8, 2006 -- "I'm not afraid to reach out and grab a falling knife!" That is what an investor client told me last week. He is shopping the Destin condo market and has been receiving my HOTSHEET reports on a weekly basis. The data does not lie - the condo market is flooded with 2500 active listings and a steady stream of daily reductions. Where is the bottom? That is the million dollar question - literally. I was talking with a broker who has lived and worked in Destin for many years. He said this is the best buyer's market he's seen since 1986! But noone can time the market perfectly, if you wait too long you may miss an opportunity. The key to finding the best deal is to be patient, carefully examine all of the available properties within your price range and then do the research. Find out the history of the listing, how many times it has reduced (if at all). Find out how much the current seller paid for the property and how long ago. Talk to the listing agent and probe for details that may tip you off to the seller's motivation. These are all things that I do for my clients. My eyes are peeled open and I get started early each morning with a cup of coffee and the HOTSHEET - both new listings and price changes. You can receive this info too, just fill out the form below and you will receive it every Monday morning with no obligations. Kerry McNulty, The Wired Agent Receive a week's worth of the HOTSHEET - Destin's brand new listings and PRICE CHANGES emailed to you every Monday: Previous Market Pulse articles: March 31, 2006 Feb 21, 2006 Jan 3, 2006 Oct. 10, 2005 Sept. 16, 2005 Copyright © 2006 TheWiredAgent.com -- ALL RIGHTS RESERVED. |