Buy Now, Pay Later...Location, Location, Location

 

I strongly recommend that you secure the location for your new home now while lot prices are still depressed.  I am convinced ownership of a premium lot will be a good investment.  Its price will increase as the housing market begins to come out of its slump and inflation continues to erode the purchasing power of the dollar.

You can wait a while to hire a builder to build that house you love; but you can’t ask him to build  a lot.  One  near to where your family is living. Or an Intracoastal lot with the great view or that oversized lot with the big, mature trees.  Lota are all one-of-a kind!

Right now there are great locations available where the asking price is very low in comparison to the market prices of the surrounding homes.  But they are selling fast.  Builders keep a list of the best available lots and recommend them to prospective customers.  Investors are again hunting for property to flip. 

A lot on the market in Island Estates sold for $500,000 in 2009.  Now it has a Just Market Value of  $340,000.   One oversized, wooded lot in the desirable Lakes Section of Matanzas Woods was purchased for $46,500 in 2002.  I understand it sold last week for $10,000.

I received an article today about the increase in the use of Equity Loans…http://bit.ly/Vt0481.  Rubi Torres is Manager of the Palm Coast Branch of Hancock Bank.  She can help you determine the best way for you to obtain a loan to purchase a lot.

And Ted can help you find the perfect location for your second/retirement home and help you to buy it. 

Use Lesher for Lots!     Talk To Ted ! 

386-503-1101     tedleshersr@gmail.com