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FITZGERALDLAND BLOG |
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| LandandFarm.com Opens Unlimited Listings Program |
| LandandFarm.com is the leading website for rural and acreage land listings as measeured by Alexa and Compete traffic. In the last couple of weeks, they have changed their pricing dramatically to allow property sellers and brokers unlimited advertising for a $49.95/month. This price is lower than the $75/month they charged for just 10 listing ads [...] | | Will Banks Lower Their List Prices? |
| The rise of sealed bid sales of late is a strong indicator that banks are willing to deal at market prices. These events allow banks the luxury of leaving published list prices high while encouraging buyers (with a wink and a nod) to submit lower than asking price bids for serious consideration. | | When is it Time to Throw in the Towel on Financed Land? |
| Neither of these options seems very attractive to the land owner. Relocating to Belize might be somewhat more attractive. |
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2009 Metro Atlanta Land Report
After a steep drop during the first half of 2007, the number of land transactions has remained fairly steady for the last six quarters. However, the price per acre for residential land continued to decline through the end of 2008 while commercial acreage prices reached steady levels in 2008. A review of the list of transactions shows a larger number of banks taking title to land in each succeeding quarter. The land bottom will not be reached until the banks unload their inventory or demand returns for new construction.
Expect to see a slight uptick in land sales in the second and third quarters of 2009 as small pockets of demand develop for new construction. Also look for an increase in vacant land sales beginning . . . PLEASE COMPLETE THE FORM BELOW FOR THE FULL REPORT.
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