how do I sell my lots in Florida fast?
Posted By admin on July 20, 2010
Cat Y asked:
We purchased a two-lot parcel about 2 1/2 years ago. We have a balloon payment of approximately $11,000 due in June. We purchased the lots for $29,000, so we have equity in them, but we don not have the cash to make the balloon payment. We’d rather sell for small profit or break even to pay off the loan and get so cash in our pocket from all the equity we’ve paid in. The lots are on a cul-de-sac street in Oakwood Hill 3 Subdivision, Walton County Florida. Parcel ID# 17-3N-20-28080-032-0310. All utilities available: Power, Water, Phone. Existing homes on the street. There is a new fire-hydrant about 3 lots down (great for lower homeowners insurance). The Real Estate Market is slow and If we could wait a year or two, we could make some profit, but we are desperate. Can somebody please help give us some advice, or make an offer on our nice Florida property.
We purchased a two-lot parcel about 2 1/2 years ago. We have a balloon payment of approximately $11,000 due in June. We purchased the lots for $29,000, so we have equity in them, but we don not have the cash to make the balloon payment. We’d rather sell for small profit or break even to pay off the loan and get so cash in our pocket from all the equity we’ve paid in. The lots are on a cul-de-sac street in Oakwood Hill 3 Subdivision, Walton County Florida. Parcel ID# 17-3N-20-28080-032-0310. All utilities available: Power, Water, Phone. Existing homes on the street. There is a new fire-hydrant about 3 lots down (great for lower homeowners insurance). The Real Estate Market is slow and If we could wait a year or two, we could make some profit, but we are desperate. Can somebody please help give us some advice, or make an offer on our nice Florida property.
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