Suitable Land Advertised
The vacant land I mentioned last entry is still up for sale. Asking price in the advertisement is $135,000 to $145,000. Going back through some old newspapers we've found adverts for the same land for sale for $150,000-$160,000. Clearly the market is slowing down a little or the person selling the land has expectations that are unrealistic. After some discussion we've decided to put an offer in on the land. Rather than put in at $135,000 we've decided to go slightly higher at $136,000. We figure an offer at the absolute bottom of the asking range is less likely to get accepted. It also means we will knock out any offers at the absolute bottom of the range. If we get the land at this price it means we will come in well under our budget of $280,000 for house/land total.