Layout:
Home > real estate closings

real estate closings

June 30th, 2011 at 07:33 pm

WE went to our 3rd (and last) real estate closing, yesterday. With the economy so down now, banks are turning to land auction companies to get ride of foreclosed lots in subdivisions.
Since my dh is a builder, we are always looking for lots to build on.
There are some real bargains out there now, or really the land was priced way too high, so it looks like bargains.
The first lot (2 acres) we bought was in a nice subdivision. It is a gated community with a pool, tennis courts and a clubhouse. The lot has a great mountain view also. It was originally listed for $119,000 and we got it for $42,000.
Lot number 2 was in a nice subdivision that we had already built in. I never considered the top lots with the great view because they were too expensive.
The lot we bought was nice, had a good view and I paid $66,000. We sold the house to the first serious lookers before the house was finished.
The top lots with the GREAT view were going for $120,000 and up. We got one for $45,000.
The lot we closed on yesterday was in a gated subdivision also. These lots had river and lake access and ours had a good mountain view. The lot was going for $180,000 and we got it for $28,000.
The only problem with the lot is that it is about 30 miles away in North Carolina. Dh is a licensed contractor in North Carolina as well as Georgia.
But that is a long drive every day.

We are making plans to start a spec house on lot number 2 this summer.

I picked up more "on sale" diet sprite and saved another $5 to add to the challenge.

Prev. total $11,793.00
new total 5.00
new total $11,798.00

0 Responses to “real estate closings”

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]