Good Morning,
I am considering purchasing a block of land, I was wondering how flexible developers are with their blocks of land – in relation to the price? for example, one block I am looking at is advertised at $239,900 – should I offer them $230,000? (I know I know, it can't hurt to try) but i am just curious, on average, are they even flexible? or do they usually just 'set a price' and don't budge?
Also when I purchase the block of land, what are some good things to include on the contract?
So far I have:
Subject to satasfactory soil test
Subject to finance
Subject to satisfactory land evaluationis there anything else? or any good pointers anyone can give me?
Hi elemental.
Unless you are wanting to plant grape vines or grow produce, for what intention would a 'Subject to satisfactory soil test' achieve that an EPA declaration won't show? What is a satisfactory land evaluation for? – evaluate it for constructing a very tall building, looking for bore water…… If it's just a standard housing block in an new housing estate and you just want to build a house, a 'Subject to Finance" or 'Sale and/or Settlement of another property' will usually suffice. Again, it boils down to what your purpose of the vacant land is to be.PS: I usually offer at least 10% under their asking price as an absolute minimum. These developers usually have at least 10% worth of 'padding' in their asking prtice.
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