Lots of lots

August 26th, 2008 by PA - Bloger

Lots Lots of lots. That’s the name of the game we’ve noticed this summer. Given market conditions residential building lots are selling at tremendous discounts from coast to coast.

Hamele Auction Service is offering several lots in Wisconsin that are perfect for log homes. The upcoming auction event will take place in early September. The sale will be conducted as “multi-parcel auction” event-”whichever parcel combination obtains the highest price is the way the lot(s) will be written to Offer to Purchase”.

Tranzon Alderfer will also be offering several lots as well as new condominiums and much more in an upcoming “Builder’s Closeout Spectacular” auction event to be held in Pennsylvania. To entice buyers even further the auction firm is offering several properties at absolute auction.

Lots of lots on the block this summer is creating opportunities for buyers looking to build or just land bank until the market turns.

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2 Responses

  1. Can anyone give me advice if auctions are the way to go to buy property I have heard mixed reviews?

  2. PA - Bloger says:

    Bethany- That’s a broad question. The best answer is yes and no. There are a lot of very good deals being purchased right now via auction. Buyers are happy. The most important thing you can do is do your due diligence. We’re not even talking about the property yet. Do your research on the auction firm and understand who you are dealing with. Deal with a reputable firm and understand what you’re buying and you should be fine.

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