Cash is king in beach real estate market - al.com

Cash is king in beach real estate market - al.com: "Selling the beach today means knowing how to work short sales and foreclosures — and pricing property to sell.

Cash is king at the Gulf, and the bargain prices are bringing buyers seeking a deal, according to Realtors.

Condominium units that sold for $400,000 four years ago are now selling for $200,000 to $250,000. Beachfront lots bought for more than $1.5 million are back on the market at $500,000 to $600,000."