Havasu Real estate Question

[AFD]

Just a question for all of you fortune tellers out there. We have two lots on the south end of town that we have been holding on to for some time now. It has come time to sell them to build the new retirement home and I was wondering if anyone had any insight on listing lots, versus houses??? Homes are sitting forever and ever, are lots doing the same???

[Havasu1986]

Just a question for all of you fortune tellers out there. We have two lots on the south end of town that we have been holding on to for some time now. It has come time to sell them to build the new retirement home and I was wondering if anyone had any insight on listing lots, versus houses??? Homes are sitting forever and ever, are lots doing the same???
Where are you retireing to. Are you planning on using one of the lots for your retirement home. :confused: Is AFD Anaheim Fire Dept.

[Havasu1986]

Ask Louis Plunkett, he sold three of my lots and was easy to work with.
http://www.lhprealty.com
How long ago was that Wheeler. Is lots selling faster than spec homes.

[Ms.Havasu]

Havasu lots have not come down near as much as homes. However , they are sitting on the market for quite awhile.
05 you could sell anything fast. Louis plunkett is mainly a parker real estate firm, although, I think he has joined out board so he can input listing here as well.
If the lot is priced under 120 it should sell, anything over that doesn't pencil out for a spec home.
Call me or pm me if you would like any help marketing your properties.
Regards,
Michele
Lake Havasu Homes

[AFD]

Where are you retireing to. Are you planning on using one of the lots for your retirement home. :confused: Is AFD Anaheim Fire Dept.
No, no Fire Dept affiliation, just my initials. Retiring from the public sector.

[AFD]

I did a quick search and it seems true in havasu as it is where I live, that the higher end homes are moving and the smaller ones are not. We will turn a profit one way or another but it seems that waiting a little while might be the best course of action.
The market seems flooded with 3/2 2 car garage homes right now, both lots we own will hold larger footprints so hopefully we can wait it out.
Seems to me that there could be some big problems in the future due to all of the folks with second homes and huge equity lines to finace their toys....

[Not So Fast]

I did a quick search and it seems true in havasu as it is where I live, that the higher end homes are moving and the smaller ones are not. We will turn a profit one way or another but it seems that waiting a little while might be the best course of action.
The market seems flooded with 3/2 2 car garage homes right now, both lots we own will hold larger footprints so hopefully we can wait it out.
Seems to me that there could be some big problems in the future due to all of the folks with second homes and huge equity lines to finace their toys....
The future is now my freind !!!!!!!!!! :idea: NSF

[AFD]

The future is now my freind !!!!!!!!!! :idea: NSF
Sad but true, my point was that it could get worse on a much larger scale, not just case by case. Seems many are pulling the plug on their so called "vacation homes" purchased with subprime equity, you cant help but think that some folks here are in that those circumstances.
Its realy to bad, but for many its now time to pay the piper.

[Wheeler]

Sad but true, my point was that it could get worse on a much larger scale, not just case by case. Seems many are pulling the plug on their so called "vacation homes" purchased with subprime equity, you cant help but think that some folks here are in that those circumstances.
Its realy to bad, but for many its now time to pay the piper.
Sure was fun while it lasted! :D

[TOBTEK]

A bird in the hand , is better than two in the bush... if you CAN make a decent profit on the two lots now, id do it. You NEVER know what tomorrow will bring! Ecomony, your or families health can change in a split second. Take the money and run!

[socalmoney]

If your not greedy, and you price right, you can sell them pretty quick. The longer you wait, the more you will loose.

[Quest4Fun]

Here is some lot info for you... There are a total of 557 lots on the market, of those 557; 123 lots are priced under $120 - and of those 123 lots priced under $120 there are 38 located on the South end of town. There are currently 14 lots under contract.
If your lot is priced right for its location you should be able to sell it. If you need additional info, you can pm me or check out the website below. Good Luck!

[bigq]

Another indicator is the amount of new lot listing versus under contract which I believe is running about 4:1. I like Tobtek advise:idea:

[westair]

If your not greedy, and you price right, you can sell them pretty quick. The longer you wait, the more you will loose.
You must be a realtor ........ the smart people will invest in more property. Great
deals right now in Havasu. The time to sell was a couple years ago. If they
have to sell the lots now, do it, but don't panic and keep lowering your price,
you will be sorry someday.

[AFD]

A bird in the hand , is better than two in the bush... if you CAN make a decent profit on the two lots now, id do it. You NEVER know what tomorrow will bring! Ecomony, your or families health can change in a split second. Take the money and run!
I know I can make a profit, we own the property so cash flow isnt an issue. I am just thinking that holding on for a few more years might be in our best interest.
Only time will tell

[socalmoney]

You must be a realtor ........ the smart people will invest in more property. Great
deals right now in Havasu. The time to sell was a couple years ago. If they
have to sell the lots now, do it, but don't panic and keep lowering your price,
you will be sorry someday.
Not a Realtor. I love studying this stuff. Trying to learn as much as I can so I can take advantage of the down market. I have lots of friends who are investors and I try to stay on top of things so I can converse with them. Haha. Real estate is a great study of human behavior. Real estate is all about Fear and Greed. Two great emotions to watch people live out. Wife was in the home building industry (was is the key word). Leaned a lot from being around those people also. I still have a lot to learn. I like these discussions. Lot of knowledgeable people on this board.

[socalmoney]

Dude! you should write a book. :confused:
Everything has already been said.
Not sure how to take that post with the "confused" smilie. Oh well.