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Will Your Next Home Be Pre-Owned, Spec or Built from the Ground Up?

Your search for the American Dream. What to consider when choosing the path to your next home…  Most people dream of owning their own home at some point; that’s why it’s called the American Dream. All prospective buyers want to find the right home for their family and their lifestyle, but the way each of them get there can be very different. Do you buy an existing new (“spec”) home? A previously-owned home? Or do you build the home of your dreams from the ground up? If you’re ready to pursue the American Dream – for the first time or…

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A Builder’s Guide to Reviving Zombie Developments

The zombies are here, and this can be a good thing if you’re a home builder – zombie neighborhoods and developments that is. Everyone’s talking about zombies these days, whether they are on popular television shows or cult classic horror movies. Likewise, some builders and developers are finding that picking up zombie developments at a good price, completing and updating infrastructure and then re-selling or building out can be a great way to meet their need for lots and gain a relatively quick return on investment. There’s still an opportunity for big profits from zombies, especially for local and regional…

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How to Sell Lots and Land (and Why it’s Different from Selling Homes)

Selling a house in a changing real estate market can be challenging. Selling dirt can be even more challenging…in any market.  In this article we provide tools for landowners and real estate professionals about how to sell lots and land, and why your strategy with vacant residential land needs to be different from selling a home. What to Expect:  The Land Market & Why It’s Different Many people expect the market dynamics for lots and land to be the same as the market for existing homes.  They are not. You’ll be better prepared to sell your home lot or land…

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Social Media for Real Estate Professionals

The online world – and particularly social media – have revolutionized the Real Estate business. The study The Real Estate Industry and Social Media Use confirms that 84% of real estate professionals have used social media to increase sales and build a name for their business. Facebook is a big player in this field, with 79% of professionals using pages and posts to reach out to customers, while YouTube and a video strategy are proving to be beneficial when connecting with community. Through social media, real estate professionals can monitor and manage a brand reputation, building customer loyalty and a…

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Roads & Access: Tip #6 For Buying Lots and Land

Our journey through the 8 Tips for Buying Residential Lots and Land for a New Home continues with a look at the important Technical Due Diligence topic of roads and access. Access: Don’t Get Landlocked  Landlocked. It’s a real estate term that describes land completely surrounded by property owned by other parties, impacting the owner’s ability to freely access the land. This Tip can help you better understand access issues so that you can avoid buying property that is landlocked – or otherwise has inadequate access rights – in the first place. Typically, lots for sale in newer residential communities…

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Utilities & Infrastructure: Tip #5 for Buying Lots and Land

If you’ve been looking at residential lots for sale to find a site for your new home and you’ve found your community, evaluated builders, done computer research and checked out the property with a site visit, then it’s time to transition into the Technical Due Diligence stage. This post describes tips for evaluating infrastructure and utilities at the property, and is the first of several posts in this series to focus on Technical Due Diligence. If you’ve decided to put the property under contract (which can allow you to negotiate price, determine key terms and keep it from being sold…

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The Site Visit: Tip #4 for Buying Lots and Land

When you’re buying a lot or land for your new home, the level of excitement builds when you think you may have found that “right” site. In Tip #3, our previous post about 8 Tips for Buying Residential Lots and Land for a New Home, we discussed due diligence, computer research and the Spaghetti Test as initial steps to eliminate properties that do not meet your requirements. Now we dig deeper into the due diligence process. The Site Visit So if you think you found property that might pass the Spaghetti Test, then you absolutely, positively have to do a…

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Decide Your Community Style: Tip #1 for Buying Lots and Land

You’ve decided you’d like to buy a residential lot and build  a new home – congratulations! No other option for owning your own home gives you as many ways to design and customize a home that’s all yours from the ground up. But where do you begin? You’re already discovering that the web is a great tool to help you do research, see the many choices available, make informed decisions about the type of home and community suits you and to help find a qualified builder. Earlier we gave you 8 Tips For Buying Residential Lots and Land For A…

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