Port St. Lucie-Fort Pierce, FL (1888PressRelease)
May 01, 2008 - It appears that the Treasure Coast of Florida, and Port Saint Lucie, FL in particular has seen significant property value declines. This can be seen as a great opportunity for a landlord or a first time home buyer that wants to grab up a house.
South Florida Real Estate has been always in great demand and it is believed that this is "Just A Bump In The Road", according to Rich Urban or Propertythieves.com.
His website: http://www.propertythieves.com shows the lowest priced homes in all of Saint Lucie County, Palm Beach County and the surrounding area. Bargain Hunters, Real Estate Investors and "Interested Price Checkers" are then allowed to search the website database for free. Rich Urban's goal is to make Property Thieves a sort of Craigslist for real estate deals.
Rhonda Johnson Of Port Saint Lucie, FL says, " I can finally afford to buy something now. it's cheaper to buy then it is to rent these days. I recently visited the propertythieves website and picked up a beautiful 3 bedroom pool home for $100,000. My mortgage is only $1,000 per month." Buyers on Propertythieves.Com seem to be getting serious deals in this declining market. http://www.realtor.com/realestate/1097682426/
A Mortgage for a house of this price riange would be aprox. $600 month with taxes and insurance, we see that this House Originally Was Worth $160,000. Not a bad deal at all. Here's an example listing that we found on the site:
DRASTIC PRICE REDUCTION AS OF April 30, 2008
2 Bedroom / 1 Bath - $67,500 Or Best Offer
735 SE Airoso Blvd
Port Saint Lucie, FL 34983
MLS ID# R2910649
Rich ( @ ) equityresq dot com
