[Randall55]

Originally Posted by CoachKandSportsguy

Exactly correct. We bought a $12,000 lot next to a $20,000 on one side and a $45,000 lot on the other side. The lot itself is slightly smaller than the $20,000 lot, but same views, and better views than the $45,000 lot. It was a development starter lot to get the 99 lot development up and going for the other sales to people who need to see houses instead of dirt to buy.

In my first MBA marketing course, the first concept taught was the two different types of sales reps, which equates to the types of buyers:

Shoes salesmen:
Rep A) assigned to an undeveloped region with people with no shoes: Look at all the new opportunities!
Rep B) assigned to a developed region with people with shoes: Look at all the existing resale opportunities!

Some people couldn't buy a parcel of dirt and build with no rec center started, no athletic fields started, no shopping center started, no bridge started because they are visually oriented in the present, and have a hard time envisioning the future development or promises by the developer.

Those types prefer lots with visual development and prefer fully developed neighborhoods, can touch and see the house, etc, prior to buying. That's the model the developers have trended towards, versus the custom built with amenities in the future. .

which kind of buyer are you?

Developers divide their land into same size parcels then reallocate to create larger lots for models that will not fit on a standard parcel. Zero dollar lots are standard parcels. Buyers are charged more for larger lots. Additional premiums are charged for homes with a view or corner lots because they have additional land.

[CoachKandSportsguy]

Originally Posted by Randall55

Developers divide their land into same size parcels then reallocate to create larger lots for models that will not fit on a standard parcel. Zero dollar lots are standard parcels. Buyers are charged more for larger lots. Additional premiums are charged for homes with a view or corner lots because they have additional land.

No idea how that relates to what kind of buyer are you?

[Normal]

Originally Posted by CoachKandSportsguy

No idea how that relates to what kind of buyer are you?

All the “zero” dollar lots were labor intensive and had costs in fuel, labor, machinery along with electrical, water, gas and sewer lines installed. None of it was done for free. Then paved road were run in front of the lot. Any taker of a “zero” dollar lot will be taken for in impact fees and costs in the form of a bond that the buyer must sign for.

Then they have to build and pay for the home that fits for the indicated neighborhood according to Villages standards.

Nothing, ZERO is free. Instead it’s entrapment of the Developer’s vice just to rid themselves of the financial burden they carried and make the “zero” taker enslaved into unwanted or less desired property.

[Randall55]

Originally Posted by CoachKandSportsguy

No idea how that relates to what kind of buyer are you?

It doesnt matter which type of buyer you are. The Developer charges a set cost for land. Zero dollar lots and the homes built on them is base pricing. Any variance, a buyer will pay additional. A 2100 sq ft home requires more land than a 1500 sq ft home. Corner lots are bigger. A view takes away land that could have been built on. You pay more.

[Rainger99]

It looks like many of the Dabney premier home lots are not selling. It appears that all of the view lots are sold but more than half of the interior lots are still available. I think the bond is around $70,000.

[Shipping up to Boston]

Originally Posted by Robbb

Typically these lots are offered in the high crime sections of the Villages that are controlled by Village gangs. You can easy spot them by the colors of the loofahs' on their carts.

The Loofah Code.....shhhhh!