Quote:
Originally Posted by jimhoward
Yes they do, and they sell faster as well. View lots are often larger as well and that is a factor in the price. That is why, if you try to buy the $150K lot that you have your eye on, you can't just do it. You have to enter a random drawing with other people will also want the lot.
The $0 and $5K interior lots on the other hand, you can just take your pick. But, unfortunately the beautiful house you want to build on the view lot, doesn't fit on the $5K lot. So there is that.
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We just built a large house in Well Point on a lake. They told us when we bid on our lot that we would have to go through several rounds of lots before we would get the one we wanted.
Nope, got the first one.
Since we have moved in we have been speaking with our neighbors and they have all told us the same thing - got their waterfront lot on the first try.
So while it may have been hard in the past, it wasn't for us.
The extra $100k was worth it for us because it allowed us to have a larger house with stretches and a pool with a screen enclosure. I also couldn't have my back patio up against another house, I can't live like that.
I just wish we hadn't bid on the first try because we were NOT ready to buy. We hadn't even listed our other home for sale yet because our realtor told us it would probably be a year or so before we "won" the lot lottery. Getting it so fast caused us an enormous amount of stress trying to list and sell our home in time to close on the new build. And when that didn't happen, the additional stress of having to get unexpected financing for the new home.
Knowing what I know now, I would have done things differently.