Posted by docniss on August 14, 2005 at 15:24:29:
Just remember taht the broker is on the side of the seller. Hubby and I was thinking about buying some wooded land and to build a house, the 13 and 18 acre lots were going to auction(not foreclosure) this is just how things are down here, people use an auctioneer instead of listing the property. So we have the auctioneer who is also a realto show us the properties, we asked if the lots were buildable he said he doesn’t know why not…well we decided not to go to the auction. Both peices of land were 100% woods surrounded by hundreds of acres of woods and they sat about 1200 feet off the road. That means about $10-$12000 to have the electric company run the electric to the potential homesite. We passed. After the auction, I talked w/ the new owner, guess waht the lots are not buildable, you cannot get septic permits and the buyers boght for hunting purposes. Moral, don’t listen to the realto, find out for yourself.