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Eastern Iowa | I would think having an auction that would result in establishing a price lower that what the previous established price was accepted as would result in lower future sales price on remaining lots. Maybe you could advertise for a contract with terms aimed at a customer that has rock solid financing. Something like lower price higher interest that would result in a higher percentage of payment to be deducted. Oh and a sizable down payment. As I'm sure you know the sale price of a property is publicly available to anybody but the terms of a contract are not. Maybe this way those lots sold on contract could ethically be deleted from the average sale price of the lots in the subdivision. I would think the average sold price for similar property's in the area would be a major issue in figuring a future sale price. You wouldn't want your own sale lowering your average? | |
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Opinions Please - Marketing development - lots?
