Wow! The prices on vacant lots keeps falling. I have 5 lots that I am listing, and the sellers are willing to lower their asking prices to try to entice buyers. I noticed that other agents are having the same experience, and just today saw a waterfront listing in Fawn Lake come up at only $50,000. It already has a septic, too. I have another lot in Fawn Lake, not on the waterfront, that has power, water and septic, and the sellers have brought the price down to $39,950, and I was surprised when they said to list it at that price. And a lot in the Lake Limerick community that started at $65,000 is now down to $35,000.
So, if anyone is in the market for a vacant lot, now is the time to buy one. You can match up with a home builder like HiLine or Adair and they will help you do a building contract loan, and you can end up with a new home. As I said, it's a good time to do something like this.
Showing posts with label buy. Show all posts
Showing posts with label buy. Show all posts
Wednesday, May 30, 2012
Thursday, May 24, 2012
Interest Rates, and Why We Care
The interest rate on a loan can make a huge difference in the price of the home you can buy. This is how the Interest Rate affects your purchasing power with a monthly payment of $1200:
So, if you are planning to purchase a home, it's a good idea to do so while the interest rates are low. | |||||||||||||||||||||
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