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
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