Quote:
Originally Posted by Hifred
since the lots have multiple people trying to purchase.
....if I purchase a lot and then try to sell my house if it doesn't sell then I must move forward with the build and that could cause me problems financially.
I am thinking my house may not sell for what TV market appraisal is.
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-- I very much doubt there are multiple people bidding for lots, in general. That claim is a marketing tactic. There could be a small few of unique lots where that's the case but, mostly not so. Particularly in this sluggish market.
-- Second bolded above - I think you answered your own question.
-- Third above, in this down-sloping market and given appraisals are based on
prior sales, this is a fair bet.