Quote:
Originally Posted by HappyTraveler
-- 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.
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My friend is wanting to build in Eastport. They have lost 3 lots now due to losing the lottery on the lot they chose. These are the lots on the $200K to $300K price range on a championship or a lake. It takes time to get your lot due to so many others wanting them.