10-21-2009, 06:07 AM
yep, Rusty that's right.
EightFingers, I don't know of any 2/3 rule for vacant land. We priced our lot competitively with the comps. CURRENT market. Before making a super lowball offer, determine whether the asking price is good or inflated. If it's well priced, then a lowball offer may not even generate a counter.
There were a few people we just told to come back if they ever got serious. But the truth is that once someone made such a bad offer they were on our list as someone with whom we don't want to be in a transaction.
Even in this market it's possible to insult the seller, so don't do it if you want that particular piece of land. If you want any piece of land that you can get a deal on, then go around and fish until you get a bite.
Caveat - our land is in Hilo. If special rules of marketing apply to Puna, I don't know.
As for buying foreclosed properties, well, you have no recourse when things go bad down the line, so better hope it's a real good deal. My advice is find out whether the owner who lost his/her home has any significant Scorpio influence in the natal chart. If so, keep on walking ... [
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EightFingers, I don't know of any 2/3 rule for vacant land. We priced our lot competitively with the comps. CURRENT market. Before making a super lowball offer, determine whether the asking price is good or inflated. If it's well priced, then a lowball offer may not even generate a counter.
There were a few people we just told to come back if they ever got serious. But the truth is that once someone made such a bad offer they were on our list as someone with whom we don't want to be in a transaction.
Even in this market it's possible to insult the seller, so don't do it if you want that particular piece of land. If you want any piece of land that you can get a deal on, then go around and fish until you get a bite.
Caveat - our land is in Hilo. If special rules of marketing apply to Puna, I don't know.
As for buying foreclosed properties, well, you have no recourse when things go bad down the line, so better hope it's a real good deal. My advice is find out whether the owner who lost his/her home has any significant Scorpio influence in the natal chart. If so, keep on walking ... [
]