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Answers (2)
- Land Answers LLC
- Contributions:24
We have a few of those in Lake Arrowhead where I live.........really good deals!! Before you purchase one be sure to get a current survey or at least the property lines marked. When it has happened it is new construction in established neighborhoods when a home comes in conflict with a property line or covenant restrictions.
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- Glori Kloda, "Glori Kloda"
- Contributions:26
Be Careful. A safer bet in this market would be to buy in an established community. You run the risk of that community not being developed for a very long time. If you are looking to live there long term eventually those properties will probably be sold and it may be a good investment since you could get in at a lower price than an established community. If you are not sure how long you will stay in the house then the risk is larger since you may have to sell and will have a difficult time due to the unfinished construction. You have to weigh the risk. I specialize in foreclosures. If you would like some listings in the area I would be happy to send them to you. I will be able to find you a great investment opportunity with lower risk. email me your information and I could help you. glo_klo@yahoo.com.
Buy home in neigh few houses unfinished, few empty lots, other homes owned & beautiful.
Beautiful home, good deal on foreclosure. Builder long gone - bankrupt. 3 houses unfinished&no current work. Some empty lots - stubbed for homes. Current homes are beautiful and sold for much more for one I am looking at.
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