You have had a property listed for several months and the seller is asking what can we do to get this property sold? The subject property is a vacant home site at a ski resort, with ski home access. The issue at hand is this, our buyer is more than likely a second home or vacation property purchaser. If you think the primary home market is slow, let me tell you the vacation industry is slower.

This is an adjacent completed home in the same subdivision, which recently sold for $860,000.

Creative opportunity in a slow market - owner financing at a preferred rate and attractive terms;

#1 we reduced the asking price $85,000 #2 Seller is willing to accept a 20% down owner financed first mortgage. #3 the terms will include a three year balloon. #4 a fixed rate of 6% is being offered for the home site.

Value Asking Price $395,000 for this ski to your door lot with the last sale being $550,000 on a near by site.

The ski trail can be seen in both the subject photo and the lot diagram. This .72 acre site features town water & sewer and is in a Riverfront and slope side resort on Loon Mountain in Lincoln New Hampshire. You'll be able to ski home at the end of the day and walk to the river from the beautiful location.

Now is a great time to buy the lowest price lot in a exclusive neighborhood, the 3 year balloon will allow construction to be done and the property to be refinanced at it's completed value. The seller/ first mortgage holder will have his payoff at the time of completion, and the buyer will be able to move on a location without the lengthy bank financing process.

For creative Solutions for your White Mountain's real estate needs: give me a call 800-926-5653 or contact me at steve@alpinelakes.com for more photos and details of this listing : www.alpinelakes.com

Your skiing Realtor: Steve Loynd

White Mountain views from Loon mountain

Steve Loynd profile photo 

                                                                                                                                                             Your-White Mountain New Hampshire real Estate Expert

     steve@alpinelakes.com toll free 800-926-5653 /cell 603-381-7898

          MLS search and Realtor web site: www.alpinelakes.com

           My outside Blog: www.steveswhitemountainblog.com

         Lincoln NH &  Local interest site: www.localism.com/nh/lincoln

 

 
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10 Comments on My Seller & I came up with our own stimulus package and you can too!

FEB
12
5 Featured Posts

Steve: creative financing solutions may be what's needed to get some more of these homes sold! I hope that it works for your seller.

Have a great day,

Anne Rains

5:20pm • #1
417,498 Points 3 Featured Posts Outside Blog

Steve...just saying you have that kind of package will appeal to a certain crowd!

5:25pm • #2
315,621 Points 8 Featured Posts Localism Sponsor Outside Blog Hit Router

There are always buyers who would prefer not to have a loan on their credit report, or who are in the cash business and don't show all their assets to the bank. So a bank deal isn't for everyone.

5:33pm • #3
403,326 Points 1 Featured Post Localism Sponsor Outside Blog

All of our sellers need to be creative in this market with so much inventory we need to stand out from the crowd.

5:37pm • #4
315,621 Points 8 Featured Posts Localism Sponsor Outside Blog Hit Router

Terry..we will offer a build package as well, if you got a buyer. Steve

5:56pm • #5
FEB
14
320,298 Points 8 Featured Posts Outside Blog Hit Router

In this market, you really do have to be creative.

3:23pm • #6
315,621 Points 8 Featured Posts Localism Sponsor Outside Blog Hit Router

Erica, I'll throw in a season's pass if that helps.

4:16pm • #7
FEB
15
320,298 Points 8 Featured Posts Outside Blog Hit Router

I once had a listing (high end) just off a country club's golf course. The seller offered to pay buyer's country club initiation fee ($5000 value) to move the house.

10:43am • #8
216,824 Points 4 Featured Posts Outside Blog

I too am in a mostly second home vacation/lake resort market and I feel your pain.  Having an owner who is in a position to finance is great.

3:32pm • #9
315,621 Points 8 Featured Posts Localism Sponsor Outside Blog Hit Router

Tammy thinking outside of the box will allow business to continue, I'm not sure how much help the so called stimulus package will be..especially for second home buys.

4:32pm • #10

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Steve Loynd/ 800-926-5653, White Mountains NH

Lincoln, NH

More about me…

Steve Loynd, Alpine Lakes Real Estate Inc., Loon Mt, NH.

Address: 7 Linwood Plaza, Box 1135, Lincoln, NH, 03251

Office Phone: (800) 926-5653 x 11

Cell Phone: (603) 381-7898

Email Me

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