| THIS
MONTH'S TOPIC:
"Buy
. . . or cry"
OK – it’s time we gave you a “heads up”! It’s
a seller’s market! I repeat – we’re right in
the middle of a seller’s market. So . . . what does
that mean to you as a land buyer?
First of all, consider what happens as a seller’s market
begins. Properties begin to sell at a faster than normal
pace. Inventories of land parcels are reduced. Choices
become scarce. For example, early in June, there were about
28 properties for sale over 100 acres. Today there are approximately
18-20. That’s the total number of available parcels
in a 7-county area.
Next, as inventories go down, demand begins to exceed supply. That’s
right – the law of supply and demand kicks in, and prices
begin to rise. Over a relatively short period of time, new
properties that become available for sale reflect that added demand
in the form of higher asking prices. What’s more, seller’s
become less flexible and often hold firm at their asking price.
The final phase of this situation can result in a bidding situation. It’s
happened before in other parts of the country. This is where
two or more interested buyers make purchase offers HIGHER than
the asking price. In one city we read about, the asking price
is merely the starting point for the bidding process. All
offers made in that location are higher than the asking price. Have
we reached that point yet here in the mountains? Not yet.
So, what's the answer if you are planning a land purchase? First
(and I’ve said this before) sit down, discuss your plans,
and make a firm commitment to yourself that you ARE ready to make
a purchase. Once you know that, go to our website at: http://www.mountains4sale.com and
look through our properties. Narrow your search to 3-4 parcels,
and then give us a call.
At that point, we’ll spend whatever time it takes to locate
the right parcel for you. Oh, one more thing – don’t
forget your checkbook. If you do, it’s a sure sign
that you haven’t made that all important commitment to yourself.
With Fall just around the corner, this is also a pleasant time
to get outdoors to look at land. When you’re ready
to come to the mountains, please give us a call!
Paul Christian Breden, Broker
The purpose of Land Rush is to educate and inform
you in such a way that, once you arrive here in the mountains,
you'll be prepared to make your purchase. If you haven't
already, please – before you come - take time to download
our buyer's
guide – “Carolina Dreaming” - from our website.
It's short, easy to read, and will provide you with the
basic information needed to make your trip a roaring success.
For your free copy, go to:
www.ncmountainland.net/manualdesc.html
Ready to come to the mountains? Call us at all reasonable
hours, seven days a week, at 800/849-9225. Ask for David or Paul
and we'll set up a time and place convenient for you. We'll
take whatever time is required to help make your land ownership
dreams come true!
ARCHIVE:
CLICK HERE
BUYERS CHECKLIST:
CLICK HERE
LAND
BUY OF THE MONTH!
108.11
± Acres!
Near John's River
1,200' Elevations
Secluded!
Great Views & Gently Rolling Land!
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