fdic auction: Why Won’t Banks Lower Their List Prices?
- 04/28/10 09:11 AM
Ask any land appraiser in town and you’ll hear the same story. Land sales comparables are virtually non-existent over the past 18 months. That is starting to change based on my personal appointment book for Closings and word of mouth from other brokers about deals that are pending sale in the near future. Now that we are seeing actual sales hit the books, the million dollar question is, “Will the banks cut their list prices?” The answer is probably, “Yes, but not by very much.” The reason for this has to do with the vagaries of the accounting practices banks are … (2 comments)
Discussion of land related topics moderated by Atlanta Land Broker, Mike Fitzgerald of Fitzgerald Land & Commercial Realty. Discussion focuses on residential subdivsion development, intown redevelopment, industrial and office land on green fields and brown fields. Land zoning, financing, environmental concerns and marketing techniques are also discussed.
Ask any land appraiser in town and you’ll hear the same story. Land sales comparables are virtually non-existent over the past 18 months. That is starting to change based on my personal appointment book for Closings and word of mouth from other brokers about deals that are pending sale in the near future.
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