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 Alarming number of apartments For Sale !

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Chris Cooper

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Posts : 54
Join date : 2011-02-25
Location : verticle mostly

PostSubject: Alarming number of apartments For Sale !   Tue Mar 20, 2012 2:55 am

I'm not sure if its just the economic climate or what but it is now very noticeable how many Sitio apartments are up for sale.
There seem to be signs sprouting up all around the complex ?
Many have been visible for quite a time so each one added seems to make the appearance look worse.
Those who are trying to sell may find prospective buyers put off by suspicions there is a major problem ?
If the reasons are other than economic - please post your reasons so they can be addressed and presented to the committee
and hopefully actions taken to resolve owners anxieties - is it a SITIO problem ?


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Chris Cooper

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Posts : 54
Join date : 2011-02-25
Location : verticle mostly

PostSubject: The reason for the signs !!!! I found out !   Wed Mar 28, 2012 12:49 am

It seems that estate agents will not take on any sales right now as the market it so poor.
Friends went and saw 2 agents for the sale of their property and were refused as there was nobody buying.
I also needed to speak to a notary this week and we talked briefly about work and its dependence on building and property.
He told me that it used to take about 3 or 4 months to sell back in 2008 but is now closer to 5 or 6 YEARS to sell.
This seems to match what the estate agents said and must be the reason for the owners putting up their own signs.
As poor as it may look for Sitio, seeing all these signs, it looks like owners have little choice if agents wont take them on ?
Any other views ?

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