It seems that the definition of a "teardown" depends on many factors; these individuals and groups would certainly have varying opinions:
1. A homeowner that lives in a newly constructed home that replaced another,
2. A preservationist,
3. City official,
4. Someone that currently lives in a home that is not new or a part of major renovation
5. The neighbor of a teardown and new construction that is in progress
6. A seller of a functionally obsolete home,
7. A buyer looking for a "land valued" investment in a prime market,
8. A buyer looking to build a new home in an established community,
9. A home builder
10. Realtors that work on commission
Definitions or opinions from organizations also varies:
Wiki - http://bit.ly/gOGjYQ
National Trust for Historic Preservation - http://bit.ly/ajUJsY
The Lincoln Land Institute - http://bit.ly/gWpWNN
We are brokers and agents. We make our living specializing in this niche of the market. Our experience continues to tell us that people have teardowns to sell, and buyers want to buy them - pretty simple really.
Where do you stand?
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